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TAXABLE INCOME AND TAX BASIS (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
TAXABLE INCOME AND TAX BASIS                      
Taxable income                 $ 21,102,000 $ 9,989,000 $ 10,968,000
Excess amount of statement income over taxable income                 5,440,000    
Excess amount of cumulative statement basis over cumulative taxable basis $ 10,000,000               10,000,000    
Excess amount of statement income from joint venture investments over taxable income                 1,000,000    
Reconciliation of GAAP net income to taxable income                      
Net Income (Loss) $ 4,215,867 $ 3,909,398 $ 4,072,726 $ 3,463,596 $ 2,299,745 $ 2,175,226 $ 2,224,604 $ 1,754,375 15,661,587 8,453,950 3,723,274
Book/Tax differences from depreciation                 3,610,000 (2,300,000) 4,160,000
Book/Tax differences from Investment Properties                 104,000 351,000 1,258,000
Increase in prepaid rent and allowances                 435,000 732,000 554,000
Other items                 $ 1,291,000 $ 2,752,000 $ 1,273,000