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Segments (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023:

		For the Three Months Ended March 31,
		2024				2023
Total revenues
Affordable Multifamily MRB Investments		$	19,998,977			$	21,437,933
Seniors and Skilled Nursing MRB Investments			747,508				96,555
Market-Rate Joint Venture Investments			1,624,169				2,177,862
MF Properties			-				1,225,620
Total revenues		$	22,370,654			$	24,937,970
Interest expense
Affordable Multifamily MRB Investments		$	12,769,139			$	16,426,555
Seniors and Skilled Nursing MRB Investments			497,170				-
Market-Rate Joint Venture Investments			537,626				261,807
MF Properties			-				-
Total interest expense		$	13,803,935			$	16,688,362
Net result from derivative transactions
Affordable Multifamily MRB Investments		$	(5,435,562	)		$	1,283,136
Seniors and Skilled Nursing MRB Investments			(832,102	)			-
Market-Rate Joint Venture Investments			-
MF Properties			-				-
Total net result from derivative transactions		$	(6,267,664	)		$	1,283,136
Depreciation expense
Affordable Multifamily MRB Investments		$	5,967			$	5,946
Seniors and Skilled Nursing MRB Investments			-				-
Market-Rate Joint Venture Investments			-				-
MF Properties			-				399,035
Total depreciation expense		$	5,967			$	404,981
Net income (loss)
Affordable Multifamily MRB Investments		$	8,536,243			$	(801,573	)
Seniors and Skilled Nursing MRB Investments			1,082,440				96,555
Market-Rate Joint Venture Investments			1,029,698				17,279,267
MF Properties			-				216,973
Net income		$	10,648,381			$	16,791,222

The following table details total assets for the Partnership’s reportable segments as of March 31, 2024 and December 31, 2023:

		March 31, 2024				December 31, 2023
Total assets
Affordable Multifamily MRB Investments		$	1,346,410,727			$	1,413,596,701
Seniors and Skilled Nursing MRB Investments			47,696,156				43,532,926
Market-Rate Joint Venture Investments			149,294,984				140,791,041
MF Properties			6,964,933				7,034,690
Consolidation/eliminations			(96,947,303	)			(91,554,656	)
Total assets		$	1,453,419,497			$	1,513,400,702

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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