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TAXABLE INCOME AND TAX BASIS (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
TAXABLE INCOME AND TAX BASIS                      
Excess amount of statement income over taxable income                 $ 4,300,000    
Book/Tax differences on tax free exchanges                 4,670,000 (266,000) 7,707,000
Reconciliation of Income from Book Basis to Tax Basis Depreciation and Amortization                 300,000 (51,000) 1,024,000
Excess amount of cumulative statement basis over cumulative taxable basis 4,800,000               4,800,000    
Excess amount of statement income from joint venture investments over taxable income                 1,300,000    
Reconciliation of GAAP net income to taxable income                      
Financial statement ("book") net income (loss) 317,518 (32,874) 4,469,116 901,625 1,185,130 774,453 1,047,262 626,954 5,655,385 3,633,798 9,291,281
Book/Tax differences from depreciation and amortization                 (300,000) 51,000 (1,024,000)
Book/Tax differences on tax free exchanges                 (4,670,000) 266,000 (7,707,000)
Book/Tax differences from Investment Properties                 400,000 198,000 (161,000)
Increase (Decrease) in prepaid rent and allowances                 175,000 (40,000) 29,000
Other                 50,000 57,000 7,000
Taxable income (loss)                 1,310,000 4,166,000 435,000
Hamilton Green
                     
TAXABLE INCOME AND TAX BASIS                      
Reconciliation of Income from Book Basis to Tax Basis Depreciation and Amortization                 1,100,000    
Reconciliation of GAAP net income to taxable income                      
Book/Tax differences from depreciation and amortization                 (1,100,000)    
Nashoba Apartments in Acton, Massachusetts
                     
TAXABLE INCOME AND TAX BASIS                      
Book/Tax differences on tax free exchanges                 3,700,000    
Reconciliation of GAAP net income to taxable income                      
Book/Tax differences on tax free exchanges                 $ (3,700,000)