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Consolidated Statements of Changes in Equity - USD ($)
Total
Series B Preferred Stock [Member]
Series C Preferred Stock [Member]
Series D Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Unearned ESOP Shares [Member]
Distributions in Excess of Retained Earnings [Member]
Distributions in Excess of Retained Earnings [Member]
Series B Preferred Stock [Member]
Distributions in Excess of Retained Earnings [Member]
Series C Preferred Stock [Member]
Distributions in Excess of Retained Earnings [Member]
Series D Preferred Stock [Member]
Noncontrolling Interest [Member]
Balances, beginning at Dec. 31, 2022 $ 51,520,723       $ 39,733 $ 189,515 $ 175,611,370 $ (2,601,134) $ (120,985,183)       $ (733,578)
Balances, shares, beginning at Dec. 31, 2022         3,973,310 18,951,525              
Net Income (loss) 1,387,514               1,412,474       (24,960)
Issuance of common stock 121,485         $ 643 120,842            
Issuance of common stock, shares           64,278              
Issuance of restricted common stock awards 103,901         $ 2,200 101,701            
Issuance of restricted common stock awards, shares           220,000              
Amortization of ESOP shares 12,195           (33,439) 45,634          
Amortization of restricted stock awards 22,883           22,883            
Balances, ending at Mar. 31, 2023 53,168,701       $ 39,733 $ 192,358 175,823,357 (2,555,500) (119,572,709)       (758,538)
Balances, shares, ending at Mar. 31, 2023         3,973,310 19,235,803              
Balances, beginning at Dec. 31, 2022 51,520,723       $ 39,733 $ 189,515 175,611,370 (2,601,134) (120,985,183)       (733,578)
Balances, shares, beginning at Dec. 31, 2022         3,973,310 18,951,525              
Net Income (loss) 4,579,359                        
Balances, ending at Sep. 30, 2023 50,487,858       $ 39,733 $ 196,968 176,304,184 (2,464,231) (122,338,042)       (1,250,754)
Balances, shares, ending at Sep. 30, 2023         3,973,310 19,696,805              
Balances, beginning at Mar. 31, 2023 53,168,701       $ 39,733 $ 192,358 175,823,357 (2,555,500) (119,572,709)       (758,538)
Balances, shares, beginning at Mar. 31, 2023         3,973,310 19,235,803              
Net Income (loss) 5,257,670               5,126,872       130,798
Conversion of units in Operating Partnership to shares of common stock           $ 750 426,049           (426,799)
Conversion of units in Operating Partnership to shares of common stock, shares           75,000              
Preferred stock dividend declared   $ (1,464,100) $ (1,325,078) $ (1,199,447)           $ (1,464,100) $ (1,325,078) $ (1,199,447)  
Amortization of ESOP shares 12,717           (32,916) 45,633          
Amortization of restricted stock awards 41,771           41,771            
Balances, ending at Jun. 30, 2023 54,492,234       $ 39,733 $ 193,108 176,258,261 (2,509,867) (118,434,462)       (1,054,539)
Balances, shares, ending at Jun. 30, 2023         3,973,310 19,310,803              
Net Income (loss) (2,065,826)               (1,909,268)       (156,558)
Conversion of units in Operating Partnership to shares of common stock           $ 3,860 35,797           (39,657)
Conversion of units in Operating Partnership to shares of common stock, shares           386,002              
Preferred stock dividend declared   (732,050) (662,539) (599,723)           (732,050) (662,539) (599,723)  
Amortization of ESOP shares 13,992           (31,644) 45,636          
Amortization of restricted stock awards 41,770           41,770            
Balances, ending at Sep. 30, 2023 50,487,858       $ 39,733 $ 196,968 176,304,184 (2,464,231) (122,338,042)       (1,250,754)
Balances, shares, ending at Sep. 30, 2023         3,973,310 19,696,805              
Balances, beginning at Dec. 31, 2023 47,898,659       $ 39,733 $ 196,968 175,779,222 (1,764,507) (125,021,013)       (1,331,744)
Balances, shares, beginning at Dec. 31, 2023         3,973,310 19,696,805              
Net Income (loss) 1,322,821               1,334,939       (12,118)
Issuance of common stock 204,925         $ 1,524 203,401            
Issuance of common stock, shares           152,360              
Preferred stock dividend declared   (732,050) (662,539) (599,723)           (732,050) (662,539) (599,723)  
Amortization of ESOP shares 6,756           (26,542) 33,298          
Amortization of restricted stock awards 44,270           44,270            
Balances, ending at Mar. 31, 2024 47,483,119       $ 39,733 $ 198,492 176,000,351 (1,731,209) (125,680,386)       (1,343,862)
Balances, shares, ending at Mar. 31, 2024         3,973,310 19,849,165              
Balances, beginning at Dec. 31, 2023 47,898,659       $ 39,733 $ 196,968 175,779,222 (1,764,507) (125,021,013)       (1,331,744)
Balances, shares, beginning at Dec. 31, 2023         3,973,310 19,696,805              
Net Income (loss) 2,297,431                        
Balances, ending at Sep. 30, 2024 44,564,392       $ 39,733 $ 198,492 176,029,053 (1,664,624) (128,662,378)       (1,375,884)
Balances, shares, ending at Sep. 30, 2024         3,973,310 19,849,165              
Balances, beginning at Mar. 31, 2024 47,483,119       $ 39,733 $ 198,492 176,000,351 (1,731,209) (125,680,386)       (1,343,862)
Balances, shares, beginning at Mar. 31, 2024         3,973,310 19,849,165              
Net Income (loss) 4,664,232               4,616,081       48,151
Preferred stock dividend declared   (732,050) (662,539) (599,722)           (732,050) (662,539) (599,722)  
Amortization of ESOP shares 6,060           (27,233) 33,293          
Amortization of restricted stock awards 41,770           41,770            
Balances, ending at Jun. 30, 2024 50,200,870       $ 39,733 $ 198,492 176,014,888 (1,697,916) (123,058,616)       (1,295,711)
Balances, shares, ending at Jun. 30, 2024         3,973,310 19,849,165              
Net Income (loss) (3,689,621)               (3,609,448)       (80,173)
Preferred stock dividend declared   $ (732,051) $ (662,540) $ (599,723)           $ (732,051) $ (662,540) $ (599,723)  
Amortization of ESOP shares 5,687           (27,605) 33,292          
Amortization of restricted stock awards 41,770           41,770            
Balances, ending at Sep. 30, 2024 $ 44,564,392       $ 39,733 $ 198,492 $ 176,029,053 $ (1,664,624) $ (128,662,378)       $ (1,375,884)
Balances, shares, ending at Sep. 30, 2024         3,973,310 19,849,165