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NOTES AND INTEREST RECEIVABLE (Tables)
 3 Months Ended
Mar. 31, 2014
NOTES AND INTEREST RECEIVABLE {2}  
NOTES AND INTEREST RECEIVABLES

 

 

 

 

 

 

 

 

Maturity

 

Interest

 

 

 

 

Borrower

 

 

 

 

 

 

Date

 

Rate

 

Amount

 

Security

Performing loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

     Miscellaneous non-related party notes

 

 

Various

 

Various

 

 $           3,297

 

Various secured interests

 

     Miscellaneous related party notes (1)

 

 

Various

 

Various

 

              3,441

 

Various secured interests

 

     One Realco Corporation (1) (2)

 

 

01/17

 

3.00%

 

              7,000

 

Unsecured

 

     Realty Advisors Management, Inc. (1)

 

 

12/16

 

2.20%

 

            20,387

 

Unsecured

 

     S Breeze I-V, LLC

 

 

 

 

06/14

 

5.00%

 

              3,238

 

6% Class A and 25% Class B Limited Partner Interests

 

     Woodhaven-Hawthorn, Inc. (1)

 

 

10/19

 

5.50%

 

              1,028

 

Unsecured

 

     Unified Housing Foundation, Inc. (Cliffs of El Dorado) (1)

 

12/32

 

12.00%

 

              2,097

 

100% Membership Interest in Unified Housing of McKinney, LLC

 

     Unified Housing Foundation, Inc. (Echo Station) (1)

 

12/32

 

12.00%

 

              1,481

 

100% Membership Interest in Unified Housing of Temple, LLC

 

     Unified Housing Foundation, Inc. (Inwood on the Park) (1)

 

12/32

 

12.00%

 

              5,059

 

100% Membership Interest in Unified Housing Inwood, LLC

 

     Unified Housing Foundation, Inc. (Kensington Park) (1)

 

12/32

 

12.00%

 

              3,936

 

100% Membership Interest in Unified Housing Kensington, LLC

 

     Unified Housing Foundation, Inc. (Lakeshore Villas) (1)

 

12/32

 

12.00%

 

              2,000

 

Unsecured

 

     Unified Housing Foundation, Inc. (Lakeshore Villas) (1)

 

12/32

 

12.00%

 

              9,096

 

Membership interest in Housing for Seniors of Humble, LLC

 

     Unified Housing Foundation, Inc. (Limestone Canyon) (1)

 

12/32

 

12.00%

 

              3,057

 

100% Membership Interest in Unified Housing of Austin, LLC

 

     Unified Housing Foundation, Inc. (Limestone Canyon) (1)

 

12/32

 

12.00%

 

              4,663

 

100% Membership Interest in Unified Housing of Austin, LLC

 

     Unified Housing Foundation, Inc. (Limestone Ranch) (1)

 

12/32

 

12.00%

 

              2,250

 

100% Membership Interest in Unified Housing of Vista Ridge, LLC

 

     Unified Housing Foundation, Inc. (Limestone Ranch) (1)

 

12/32

 

12.00%

 

              6,000

 

100% Membership Interest in Unified Housing of Vista Ridge, LLC

 

     Unified Housing Foundation, Inc. (Parkside Crossing) (1)

 

12/32

 

12.00%

 

              2,272

 

100% Membership Interest in Unified Housing of Parkside Crossing, LLC

 

     Unified Housing Foundation, Inc. (Sendero Ridge) (1)

 

12/32

 

12.00%

 

              5,174

 

100% Membership Interest in Unified Housing of Sendero Ridge, LLC

 

     Unified Housing Foundation, Inc. (Sendero Ridge) (1)

 

12/32

 

12.00%

 

              4,812

 

100% Membership Interest in Unified Housing of Sendero Ridge, LLC

 

     Unified Housing Foundation, Inc. (Timbers at the Park) (1)

 

12/32

 

12.00%

 

              1,323

 

100% Membership Interest in Unified Housing of Terrell, LLC

 

     Unified Housing Foundation, Inc. (Tivoli) (1)

 

12/32

 

12.00%

 

              7,966

 

100% Membership Interest in Unified Housing of Tivoli, LLC

 

     Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) (1)

12/32

 

12.00%

 

              2,485

 

100% Membership Interest in Unified Housing of Harvest Hill I, LLC

 

     Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) (1)

12/32

 

12.00%

 

              2,555

 

100% Membership Interest in Unified Housing of Harvest Hill, LLC

 

     Unified Housing Foundation, Inc. (Trails at White Rock) (1)

 

12/32

 

12.00%

 

              3,815

 

100% Membership Interest in Unified Housing of Harvest Hill III, LLC

 

     Unified Housing Foundation, Inc. (1)

 

 

12/13

 

5.00%

 

              6,000

 

Unsecured

 

     Unified Housing Foundation, Inc. (1)

 

 

12/15

 

12.00%

 

            17,928

 

Unsecured

 

     Unified Housing Foundation, Inc. (1)

 

 

12/16

 

12.00%

 

              3,657

 

Unsecured

 

     Foundation for Better Housing, Inc. (Preserve at Pecan Pointe) (1)

03/19

 

12.00%

 

              1,810

 

Unsecured

 

     Foundation for Better Housing, Inc. (Preserve at Pecan Pointe) (1)

03/17

 

12.00%

 

              1,156

 

Unsecured

 

     Accrued interest

 

 

 

 

 

 

 

 

              6,687

 

 

Total Performing

 

 

 

 

 

 

 

 

 

 $       145,670

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-Performing loans:

 

 

 

 

 

 

 

 

 

 

 

 

     Leman Development, Ltd (2)

 

 

 

07/11

 

7.00%

 

              1,500

 

Unsecured

 

     Tracy Suttles (2)

 

 

 

 

12/11

 

0.00%

 

              1,077

 

Unsecured

 

     Miscellaneous non-related party notes

 

 

Various

 

Various

 

                 507

 

Various secured interests

 

     Accrued interest

 

 

 

 

 

 

 

 

                   45

 

 

Total Non-Performing

 

 

 

 

 

 

 

 

 $           3,129

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      Allowance for doubtful accounts

 

 

 

 

 

 

          (19,579)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 $       129,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 (1)  Related party notes

 

 

 

 

 

 

 

 

 

 

 

 (2)  An allowance was taken for estimated losses at full value of note