XML 70 R58.htm IDEA: XBRL DOCUMENT v3.6.0.2
TAXABLE INCOME AND TAX BASIS (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
TAXABLE INCOME AND TAX BASIS                      
Excess amount of statement income over taxable income                 $ 57,000    
Book/Tax differences on tax free exchanges                 (1,257,000) $ (501,000) $ 827,000
Book/Tax differences from depreciation and amortization                 1,411,000 2,513,000 2,884,000
Excess amount of cumulative statement basis over cumulative taxable basis $ 7,200,000               7,200,000    
Excess amount of statement income from joint venture investments over taxable income                 2,100,000    
Reconciliation of GAAP net income to taxable income                      
Financial statement ("book") net income $ 1,528,755 $ 1,210,747 $ 980,586 $ 1,230,764 $ 1,192,704 $ 1,073,746 $ 1,096,457 $ 409,658 4,950,852 3,772,565 1,024,850
Book/Tax differences from depreciation and amortization                 (1,411,000) (2,513,000) (2,884,000)
Book/Tax differences on tax free exchanges                 (1,257,000) (501,000) 827,000
Book/Tax differences from Investment Properties                 279,000 74,000 (307,000)
Increase (Decrease) in prepaid rent and allowances                 375,000 413,000 269,000
Other                   6,000 2,000
Taxable income (loss)                 $ 4,893,000 $ 2,106,000 $ (2,108,000)