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Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Summary of Partnership Reportable Segment Information

The following tables detail certain key financial information for the Partnership’s reportable segments for the three and six months ended June 30, 2019 and 2018:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

10,247,302

 

 

$

11,098,140

 

 

$

20,690,715

 

 

$

23,168,696

 

MF Properties

 

 

2,034,796

 

 

 

2,477,442

 

 

 

4,028,425

 

 

 

4,813,954

 

Public Housing Capital Fund Trusts

 

 

585,609

 

 

 

622,961

 

 

 

1,223,755

 

 

 

1,243,067

 

Other Investments

 

 

1,478,627

 

 

 

1,586,622

 

 

 

6,068,037

 

 

 

3,017,482

 

Total revenues

 

$

14,346,334

 

 

$

15,785,165

 

 

$

32,010,932

 

 

$

32,243,199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

5,456,801

 

 

$

5,669,133

 

 

$

11,105,369

 

 

$

10,624,828

 

MF Properties

 

 

365,632

 

 

 

434,825

 

 

 

730,021

 

 

 

852,223

 

Public Housing Capital Fund Trusts

 

 

384,502

 

 

 

245,596

 

 

 

766,465

 

 

 

219,580

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total interest expense

 

$

6,206,935

 

 

$

6,349,554

 

 

$

12,601,855

 

 

$

11,696,631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

MF Properties

 

 

818,154

 

 

 

919,456

 

 

 

1,637,312

 

 

 

1,823,409

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

818,154

 

 

$

919,456

 

 

$

1,637,312

 

 

$

1,823,409

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

2,285,485

 

 

$

2,308,290

 

 

$

4,328,839

 

 

$

6,607,885

 

MF Properties

 

 

(74,997

)

 

 

(95,425

)

 

 

(512,131

)

 

 

(458,155

)

Public Housing Capital Fund Trusts

 

 

201,107

 

 

 

(453,697

)

 

 

457,290

 

 

 

192,425

 

Other Investments

 

 

1,474,595

 

 

 

1,578,953

 

 

 

6,064,005

 

 

 

3,000,270

 

Net income

 

$

3,886,190

 

 

$

3,338,121

 

 

$

10,338,003

 

 

$

9,342,425

 

 

The following table details total assets for the Partnership’s reportable segments as of June 30, 2019 and December 31, 2018:

 

 

 

June 30, 2019

 

 

December 31, 2018

 

Total assets

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

885,527,565

 

 

$

864,311,647

 

MF Properties

 

 

71,414,856

 

 

 

71,120,280

 

Public Housing Capital Fund Trusts

 

 

46,774,490

 

 

 

48,942,334

 

Other Investments

 

 

96,883,703

 

 

 

85,048,514

 

Consolidation/eliminations

 

 

(99,920,809

)

 

 

(86,709,529

)

Total assets

 

$

1,000,679,805

 

 

$

982,713,246