LOANS AND MORTGAGES PAYABLE	6 Months Ended
LOANS AND MORTGAGES PAYABLE	Jun. 30, 2011
Debt Disclosure [Abstract]
LOANS AND MORTGAGES PAYABLE	NOTE 5 – LOANS AND MORTGAGES PAYABLE On March 28, 2011, the Company obtained a $9,520,000 mortgage on Cedarcrest Village from Oritani Bank. This mortgage is at a fixed rate of 5.125% and matures on April 1, 2021. The interest rate will reset after five years to the rate the Federal Home Loan Bank of New York charges to its members plus 2%. The monthly payment of principal and interest is based on a 30-year amortization schedule. The Company extended its $5,000,000 unsecured line of credit with Bank of America. As of June 30, 2011 and December 31, 2010, the amounts outstanding on this credit line was $-0- and $3,000,000, respectively. This line of credit expires on August 31, 2012. The Company modified and extended its $10,000,000 revolving line of credit with Sun National Bank. The interest rate was modified from prime to LIBOR plus 350 basis points. Advances were increased from 50% of eligible notes receivables secured by manufactured home loans to 60%. As of June 30, 2011 and December 31, 2010, the amounts outstanding on this revolving line of credit was $-0- and $8,100,000, respectively. This revolving line of credit expires on June 30, 2014. On June 1, 2011, the Company repaid its $2,500,000 loan with Two River Community Bank. On June 1, 2011, the Company repaid its mortgage on Weatherly Estates. The principal balance on this mortgage was approximately $3,800,000. During 2011, GE Commercial Distribution Finance Corporation (GE) limited its inventory financing to specific manufacturers. Therefore, the Company obtained $3,000,000 of additional inventory financing lines of credit with other inventory financing companies. Interest rates on these new lines range from prime with a minimum of 6% to prime plus 2% with a minimum of 8% after 18 months. Additionally, GE reviews the Company’s inventory financing line annually and adjusts the amount of the line based upon the amount outstanding on the line. During its current review, GE reduced the line from $6,000,000 to $2,000,000. As of June 30, 2011 and December 31, 2010, the total amount outstanding on these lines was $671,823 and $3,450,951, respectively. As of June 30, 2011, total mortgages amounted to $95,403,823, of which $76,288,866 were at fixed rates and $19,114,957 were at variable rates. Total loans payable amounted to $3,377,253, all of which were at variable rates.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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