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Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Summary of Partnership Reportable Segment Information

The following table details certain financial information for the Partnership’s reportable segments for the three months ended March 31, 2023 and 2022:

		For the Three Months Ended March 31,
		2023				2022
Total revenues
Affordable Multifamily MRB Investments		$	21,437,933			$	14,133,406
Seniors and Skilled Nursing MRB Investments			96,555				229,378
Market-Rate Joint Venture Investments			2,177,862				2,916,586
MF Properties			1,225,620				1,927,001
Total revenues		$	24,937,970			$	19,206,371
Interest expense
Affordable Multifamily MRB Investments		$	17,709,691			$	3,472,044
Seniors and Skilled Nursing MRB Investments			-				-
Market-Rate Joint Venture Investments			261,807				192,324
MF Properties			-				272,763
Total interest expense		$	17,971,498			$	3,937,131
Depreciation expense
Affordable Multifamily MRB Investments		$	5,946			$	5,962
Seniors and Skilled Nursing MRB Investments			-				-
Market-Rate Joint Venture Investments			-				-
MF Properties			399,035				677,700
Total depreciation expense		$	404,981			$	683,662
Net income (loss)
Affordable Multifamily MRB Investments		$	(801,573	)		$	6,965,555
Seniors and Skilled Nursing MRB Investments			96,555				228,753
Market-Rate Joint Venture Investments			17,279,267				19,162,043
MF Properties			216,973				(92,333	)
Net income		$	16,791,222			$	26,264,018

The following table details total assets for the Partnership’s reportable segments as of March 31, 2023 and December 31, 2022:

		March 31, 2023				December 31, 2022
Total assets
Affordable Multifamily MRB Investments		$	1,568,370,129			$	1,520,609,550
Seniors and Skilled Nursing MRB Investments			6,645,208				3,551,307
Market-Rate Joint Venture Investments			115,334,547				120,089,351
MF Properties			39,698,829				41,699,828
Consolidation/eliminations			(97,378,604	)			(118,820,471	)
Total assets		$	1,632,670,109			$	1,567,129,565

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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