XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Statement of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Rental Income $ 242,912 $ 264,365 $ 807,033 $ 778,994
Expenses:        
LLC Administration – Affiliates 36,493 39,272 115,853 125,257
LLC Administration and Property Management – Unrelated Parties 28,594 5,950 80,813 33,502
Property Acquisition 55 308 55,479 45,175
Depreciation and Amortization 112,989 97,954 330,528 281,536
Total Expenses 178,131 143,484 582,673 485,470
Operating Income 64,781 120,881 224,360 293,524
Other Income:        
Income from Equity Method Investments 0 13,171 0 515,097
Interest Income 427 1,651 1,809 3,929
Total Other Income 427 14,822 1,809 519,026
Net Income 65,208 135,703 226,169 812,550
Net Income Allocated:        
Managing Members 1,956 3,810 6,785 14,653
Limited Members $ 63,252 $ 131,893 $ 219,384 $ 797,897
Net Income per LLC Unit (in Dollars per share) $ 0.04 $ 0.08 $ 0.13 $ 0.45
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 1,744,006 1,756,507 1,747,618 1,761,537