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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Rental income $ 62,175,592 $ 61,661,551 $ 60,012,174
Laundry and sundry income 462,862 441,159 465,140
Total Revenues 62,638,454 62,102,710 60,477,314
Expenses      
Administrative 2,476,593 2,209,780 2,495,272
Depreciation and amortization 16,671,076 18,410,811 14,684,248
Management fee 2,523,943 2,452,814 2,409,151
Operating 6,471,250 5,766,160 5,682,264
Renting 1,241,298 864,542 953,043
Repairs and maintenance 10,069,325 8,781,789 9,191,561
Taxes and insurance 8,942,469 8,647,781 7,790,008
Total Expenses 48,395,954 47,133,677 43,205,547
Income Before Other Income (Expense) 14,242,500 14,969,033 17,271,767
Other Income (Expense)      
Interest income 87 195 607
Interest expense (13,629,463) (13,705,415) (12,201,966)
Income from investments in unconsolidated joint ventures (567,308) 160,715 1,678,554
Other (Loss) (2,745,979)   (201,710)
Total Other Income (Expense) (16,942,663) (13,544,505) (10,724,515)
Net (Loss) Income $ (2,700,163) $ 1,424,528 $ 6,547,252
Income per Unit      
Net (Loss) Income per Unit (in dollars per unit) $ (22.19) $ 11.70 $ 53.48
Weighted Average Number of Units Outstanding (in units) 121,696 121,786 122,422