XML 31 R38.htm IDEA: XBRL DOCUMENT v3.20.1
RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 6 Months Ended 24 Months Ended
Mar. 31, 2020
USD ($)
item
Mar. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Dec. 31, 2019
USD ($)
Dec. 20, 2019
USD ($)
RELATED PARTY TRANSACTIONS            
Management fee as percentage of gross receipts rental revenue 4.00%          
Management fee as a percentage of gross receipts rental revenue of Linewt, LLC 3.00%          
Management fees of related party $ 649,000 $ 591,000        
Management fee 648,993 590,610        
Repairs and maintenance 2,086,218 1,944,231        
Administrative expense 584,658 612,757        
Employer contributions in 401K plan $ 11,000          
Number of limited partnerships and limited liability companies in which the entity has invested | item 7          
Interest expense $ 3,450,325 3,000,289        
Maximum            
RELATED PARTY TRANSACTIONS            
Loan amount           $ 35,000,000
Investment Properties            
RELATED PARTY TRANSACTIONS            
Number of limited partnerships and limited liability companies in which the entity has invested | item 7          
Investment Properties | Minimum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 40.00%          
Investment Properties | Maximum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 50.00%          
Hamilton Company/Management Company            
RELATED PARTY TRANSACTIONS            
Number of employees having ownership interest in the investment properties | item 5          
Dexter Park            
RELATED PARTY TRANSACTIONS            
Management fee as percentage of gross receipts rental revenue 2.00%          
Harold Brown | Minimum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 47.60%          
Harold Brown | Maximum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 59.00%          
General Partner or Management Company [Member]            
RELATED PARTY TRANSACTIONS            
Repairs and maintenance $ 67,000          
Administrative expense 83,000          
Expenses for construction, architectural services and supervision of capital projects 196,000          
Costs related to professional services 346,000 349,000        
Management Company [Member]            
RELATED PARTY TRANSACTIONS            
Reimbursement to related party for payroll transfers 822,000 $ 789,000        
Employer contributions in 401K plan $ 11,000          
Number of accounting staff of related party providing bookkeeping and accounting functions | item 14          
Fees for accounting and bookkeeping services     $ 31,250 $ 31,250    
Number of employees having ownership interest in the investment properties | item 5          
Fees for accounting and bookkeeping services per year         $ 125,000  
Partially owned properties            
RELATED PARTY TRANSACTIONS            
Management fee as percentage of gross receipts rental revenue 4.00%          
Management fee $ 171,000          
Repairs and maintenance 6,000          
Administrative expense 9,000          
Construction, architectural services and supervision of capital projects 128,000          
Amount paid to related party $ 314,000          
Residential and mixed-use properties | Partially owned properties | Minimum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 40.00%          
Residential and mixed-use properties | Partially owned properties | Maximum            
RELATED PARTY TRANSACTIONS            
Ownership interest (as a percent) 50.00%