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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Rental Properties $ 269,804,946 $ 241,076,431
Cash and Cash Equivalents 18,230,463 49,560,723
Rents Receivable 953,761 655,814
Real Estate Tax Escrows 2,229,703 1,943,680
Investment in U.S. Treasury Bills 84,700,751 88,905,616
Prepaid Expenses and Other Assets 8,369,775 8,240,629
Investments in Unconsolidated Joint Ventures 1,441,291 1,437,387
Total Assets 385,730,690 391,820,280
LIABILITIES AND PARTNERS' CAPITAL    
Mortgage Notes Payable 408,660,292 410,966,199
Distribution and Loss in Excess of Investment in Unconsolidated Joint Venture 26,707,807 24,419,129
Accounts Payable and Accrued Expenses 5,720,088 7,271,729
Advance Rental Payments and Security Deposits 9,996,887 9,032,580
Total Liabilities 451,085,074 451,689,637
Commitments and Contingent Liabilities (Notes 3 and 9)
Partners' Capital 117,431 and 119,255 units outstanding in 2023 and 2022 respectively (65,354,384) (59,869,357)
Total Liabilities and Partners' Capital $ 385,730,690 $ 391,820,280