v3.25.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Investment income $ 80,976,706 $ 82,266,198 $ 61,342,533
Other interest income 9,509,307 17,756,044 11,875,538
Property revenues   4,567,506 7,855,506
Other income 785,386 310,916  
Total revenues 91,271,399 104,900,664 81,073,577
Expenses:      
Real estate operating (exclusive of items shown below)   2,663,868 4,738,160
Provision for credit losses (Note 10) (1,036,308) (2,347,000)  
Depreciation and amortization 23,867 1,537,448 2,717,415
Interest expense 60,032,007 69,066,763 43,559,873
Net result from derivative transactions (Note 15) (8,495,426) (7,371,584) (13,095,422)
General and administrative 19,652,622 20,399,489 17,447,864
Total expenses 70,176,762 83,948,984 55,367,890
Other income:      
Gain on sale of real estate assets 63,739 10,363,363  
Gain on sale of mortgage revenue bond 2,220,254    
Gain on sale of investments in unconsolidated entities 117,844 22,725,398 39,805,285
Earnings (losses) from investments in unconsolidated entities (2,140,694) (17,879)  
Income before income taxes 21,355,780 54,022,562 65,510,972
Income tax expense (benefit) 32,447 10,866 (51,194)
Net income 21,323,333 54,011,696 65,562,166
Redeemable Preferred Unit distributions and accretion (2,991,671) (2,868,578) (2,866,625)
Net income available to Partners 18,331,662 51,143,118 62,695,541
Net income available to Partners allocated to:      
General Partner 479,602 3,589,447 3,471,267
Net income available to Partners and noncontrolling interest $ 18,331,662 $ 51,143,118 $ 62,695,541
BUC holders' interest in net income (loss) per BUC, basic $ 0.76 $ 2.06 $ 2.58
BUC holders' interest in net income per BUC, diluted $ 0.76 $ 2.06 $ 2.58
Weighted average number of BUCs outstanding, basic 23,071,141 22,929,966 22,870,294
Weighted average number of BUCs outstanding, diluted 23,071,141 22,929,966 22,870,294
Beneficial Unit Certificate Holders [Member]      
Net income available to Partners allocated to:      
Limited Partners $ 17,587,205 $ 47,209,260 $ 58,945,102
Restricted Unitholders [Member]      
Net income available to Partners allocated to:      
Limited Partners $ 264,855 $ 344,411 $ 279,172

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