XML 46 R36.htm IDEA: XBRL DOCUMENT v3.21.1
RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 6 Months Ended 24 Months Ended
Mar. 31, 2021
USD ($)
item
Mar. 31, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Dec. 31, 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 $ 605,000 $ 649,000      
Management fee 605,391 648,993      
Repairs and maintenance 1,970,087 2,086,218      
Administrative expense 652,186 584,658      
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 $ 3,364,170 3,450,325      
Investment Properties          
RELATED PARTY TRANSACTIONS          
Management fee 127,249 170,825      
Repairs and maintenance 670,571 481,331      
Administrative expense $ 91,579 90,101      
Number of limited partnerships and limited liability companies in which the entity has invested | item 7        
Interest expense $ 1,662,666 1,713,904      
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 $ 46,000        
Administrative expense 55,000        
Expenses for construction, architectural services and supervision of capital projects 155,000        
Costs related to professional services 256,000 346,000      
Management Company [Member]          
RELATED PARTY TRANSACTIONS          
Reimbursement to related party for payroll transfers 843,000 822,000      
Employer contributions in 401K plan $ 11,000 $ 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 $ 127,000        
Repairs and maintenance 6,000        
Administrative expense 8,000        
Construction, architectural services and supervision of capital projects 1,000        
Amount paid to related party $ 142,000        
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%