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Segments (Tables)
 9 Months Ended
Sep. 30, 2020
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 nine months ended September 30, 2020 and 2019:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

10,763,544

 

 

$

10,383,867

 

 

$

31,216,575

 

 

$

31,074,582

 

MF Properties

 

 

1,548,931

 

 

 

1,974,546

 

 

 

5,358,132

 

 

 

6,002,971

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

589,024

 

 

 

174,470

 

 

 

1,812,779

 

Other Investments

 

 

1,527,472

 

 

 

1,918,265

 

 

 

5,305,324

 

 

 

7,986,302

 

Total revenues

 

$

13,839,947

 

 

$

14,865,702

 

 

$

42,054,501

 

 

$

46,876,634

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

4,813,114

 

 

$

5,789,009

 

 

$

14,908,641

 

 

$

16,894,378

 

MF Properties

 

 

292,318

 

 

 

365,995

 

 

 

906,082

 

 

 

1,096,016

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

354,017

 

 

 

197,993

 

 

 

1,120,482

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total interest expense

 

$

5,105,432

 

 

$

6,509,021

 

 

$

16,012,716

 

 

$

19,110,876

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

4,688

 

 

$

-

 

 

$

10,471

 

 

$

-

 

MF Properties

 

 

715,095

 

 

 

743,503

 

 

 

2,130,831

 

 

 

2,380,815

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

719,783

 

 

$

743,503

 

 

$

2,141,302

 

 

$

2,380,815

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

(1,852,974

)

 

$

(2,492,643

)

 

$

888,856

 

 

$

1,836,196

 

MF Properties

 

 

(834,648

)

 

 

(434,099

)

 

 

(1,172,961

)

 

 

(946,230

)

Public Housing Capital Fund Trusts

 

 

-

 

 

 

235,007

 

 

 

1,390,999

 

 

 

692,297

 

Other Investments

 

 

1,527,605

 

 

 

12,399,638

 

 

 

5,303,194

 

 

 

18,463,643

 

Net income (loss)

 

$

(1,160,017

)

 

$

9,707,903

 

 

$

6,410,088

 

 

$

20,045,906

 

 

The following table details total assets for the Partnership’s reportable segments as of September 30, 2020 and December 31, 2019:

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Total assets

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

1,111,594,864

 

 

$

918,301,172

 

MF Properties

 

 

68,432,579

 

 

 

70,569,646

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

43,591,048

 

Other Investments

 

 

99,223,160

 

 

 

87,098,315

 

Consolidation/eliminations

 

 

(104,625,735

)

 

 

(90,391,673

)

Total assets

 

$

1,174,624,868

 

 

$

1,029,168,508