XML 67 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues [Abstract]        
Property revenues $ 4,474,551 $ 4,299,376 $ 12,345,539 $ 11,984,229
Investment income 6,958,323 5,247,808 19,405,356 17,559,622
Gain on sale of bonds 0 0 3,684,898 0
Contingent Interest Income 0 0 0 6,497,160
Interest Income, Operating 222,074 216,993 672,974 1,558,158
Other income 188,000 0 188,000 250,000
Total Revenues 11,842,948 9,764,177 36,296,767 37,849,169
Expenses [Abstract]        
Real estate operating (exclusive of items shown below) 2,590,602 2,609,955 6,961,065 6,982,316
Realized loss on taxable property loan 0 0 0 4,557,741
Provision for loan loss 75,000 72,000 75,000 168,000
Provision for loss on receivables 0 0 0 241,698
Depreciation and amortization 1,829,086 1,762,224 4,967,428 5,004,682
Interest 2,633,892 2,325,372 7,204,292 5,287,994
General and administrative 1,409,688 985,778 4,079,493 3,097,713
Total Expenses 8,538,268 7,755,329 23,287,278 25,340,144
Income (loss) from continuing operations 3,304,680 2,008,848 13,009,489 12,509,025
Income from discontinued operations 0 1,342,498 0 3,442,404
Net income (loss) 3,304,680 3,351,346 13,009,489 15,951,429
Net income (loss) attributable to noncontrolling interest 3,149 59,913 3,626 (263,584)
Net income (loss) - America First Tax Exempt Investors, L.P. 3,307,829 3,411,259 13,013,115 15,687,845
Net income (loss) allocated to:        
General Partner 34,731 373,696 1,024,350 1,393,480
Limited Partners - Unitholders 3,438,330 3,356,268 12,408,450 15,156,168
Unallocated loss of Consolidated VIEs (165,232) (318,705) (419,685) (861,803)
Noncontrolling interest $ (3,149) $ (59,913) $ (3,626) $ 263,584
Unitholders' interest in net income per unit (basic and diluted):        
Income from continuing operations $ 0.06 $ 0 $ 0.21 $ 0.27
Income from discontinued operations $ 0.00 $ 0.03 $ 0.00 $ 0.08
Net income (loss), basic and diluted, per unit $ 0.06 $ 0.08 $ 0.21 $ 0.35
Distributions declared, per unit $ 0.125 $ 0.125 $ 0.375 $ 0.375
Weighted average number of units outstanding, basic and diluted 60,252,928 42,772,928 59,154,027 42,772,928