Loans and Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Aggregate Principal Payments of All Loans Payable Including Credit Facility

The aggregate principal payments of all loans payable, including the Credit Facility, are scheduled as follows:

Year Ended December 31,
2019	$	19,767,278
2020		4,215,285
2021		378,318
2022		51,130,884
2023		568,692
Thereafter		32,357,022
Total Loans Payable		108,417,479
Unamortized Debt Issuance Costs		(432,126	)
Total Loans Payable, net of Unamortized Debt Issuance Costs	$	107,985,353

Summary of Mortgages Payable

The following is a summary of mortgages payable at December 31, 2018 and 2017:

	At December 31, 2018				Balance at December 31,
Property	Due Date	Interest Rate			2018			2017
Allentown	10/01/25		4.06	%	$	13,133,031		$	13,390,559
Brookview Village	04/01/25		3.92	%		2,722,314			2,778,698
Candlewick Court	09/01/25		4.10	%		4,383,031			4,468,826
Catalina	08/19/25		4.20	%		5,318,941			5,533,771
Cedarcrest Village	04/01/25		3.71	%		11,772,098			12,024,840
Clinton Mobile Home Resort	10/01/25		4.06	%		3,446,832			3,514,421
Cranberry Village	04/01/25		3.92	%		7,466,333			7,620,974
D & R Village	03/01/25		3.85	%		7,526,804			7,685,346
Fairview Manor	11/01/26		3.85	%		15,710,739			16,010,749
Forest Park Village	09/01/25		4.10	%		8,172,870			8,332,848
Hayden Heights	04/01/25		3.92	%		2,051,518			2,094,009
Heather Highlands	08/28/18		Prime + 1.0	%		-0-			16,606
Highland Estates	06/01/27		4.12	%		16,353,252			16,640,165
Holiday Village	09/01/25		4.10	%		7,777,408			7,929,646
Holiday Village- IN	11/01/25		3.96	%		8,349,008			8,514,837
Holly Acres Estates	10/05/21		6.50	%		2,157,664			2,194,312
Kinnebrook Village	04/01/25		3.92	%		3,966,082			4,048,226
Lake Sherman Village	09/01/25		4.10	%		5,404,640			5,510,432
Meadows of Perrysburg	10/06/23		5.413	%		3,002,368			-0-
Olmsted Falls	04/01/25		3.98	%		2,051,221			2,093,269
Oxford Village	01/01/20		5.94	%		6,526,306			6,751,511
Perrysburg Estates	09/06/25		4.98	%		1,615,470			-0-
Pikewood Manor	11/29/28		5.00	%		14,722,561			-0-
Shady Hills	04/01/25		3.92	%		4,891,221			4,992,527
Somerset Estates and Whispering Pines	02/26/19		4.89	%		31,555			217,770
Springfield Meadows	10/06/25		4.83	%		3,088,505			3,141,199
Suburban Estates	10/01/25		4.06	%		5,475,710			5,583,084
Sunny Acres	10/01/25		4.06	%		6,095,121			6,214,642
Southwind Village	01/01/20		5.94	%		5,213,023			5,392,911
Trailmont	04/01/25		3.92	%		3,260,814			3,328,351
Twin Oaks	12/01/19		5.75	%		2,333,022			2,415,894
Valley Hills	06/01/26		4.32	%		3,348,290			3,408,438
Waterfalls	06/01/26		4.38	%		4,558,525			4,639,515
Weatherly Estates	04/01/25		3.92	%		7,956,386			8,121,177
Wellington Estates	01/01/23		6.35	%		2,367,059			2,414,621
Woods Edge	01/07/26		4.30	%		6,476,902			6,728,792
Worthington Arms	09/01/25		4.10	%		9,163,406			9,342,775
Various (2 properties)	02/01/27		4.56	%		13,821,208			14,049,088
Various (2 properties)	08/01/28		4.27	%		13,353,881			-0-
Various (4 properties)	07/01/23		4.975	%		7,926,365			8,079,960
Various (5 properties)	01/01/22		4.25	%		13,412,679			13,749,838
Various (5 properties)	12/06/22		4.75	%		7,007,404			7,154,380
Various (6 properties)	08/01/27		4.18	%		13,068,415			13,296,207
Various (13 properties)	03/01/23		4.065	%		47,931,443			49,035,572
Total Mortgages Payable						334,411,425			308,460,786
Unamortized Debt Issuance Costs						(3,318,362	)		(3,565,669	)
Total Mortgages Payable, net of Unamortized Debt Issuance Costs					$	331,093,063		$	304,895,117

Schedule of Aggregate Principal Payments of All Mortgages Payable

The aggregate principal payments of all mortgages payable are scheduled as follows:

Year Ended December 31,
2019	$	21,140,538
2020		7,307,273
2021		22,006,149
2022		13,894,653
2023		61,174,801
Thereafter		208,888,011
Total	$	334,411,425