2015 Q4 Form 8-K Financial Statement

#000095012316021072 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $20.84M $14.08M $17.12M
YoY Change 77.65% 27.54% 63.55%
Cost Of Revenue $3.140M $4.750M $2.990M
YoY Change -24.15% 84.11% 27.78%
Gross Profit $17.70M $9.330M $14.13M
YoY Change 132.89% 10.15% 74.01%
Gross Profit Margin 84.93% 66.24% 82.54%
Selling, General & Admin $4.820M $5.220M $4.400M
YoY Change 29.57% 49.14% 37.07%
% of Gross Profit 27.23% 55.95% 31.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.910M $1.829M $1.743M
YoY Change 119.54% 14.79% 34.98%
% of Gross Profit 10.79% 19.6% 12.34%
Operating Expenses $7.590M $7.050M $6.150M
YoY Change 37.25% 36.36% 36.67%
Operating Profit $13.32M $2.541M $8.221M
YoY Change 559.29% -23.19% 124.72%
Interest Expense $4.754M $2.993M
YoY Change 84.56% 27.78%
% of Operating Profit 187.12% 36.41%
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income $10.12M $2.286M $7.983M
YoY Change 391.26% -30.81% 118.24%
Income Tax
% Of Pretax Income
Net Earnings $13.32M $2.541M $8.221M
YoY Change 559.41% -23.12% 124.74%
Net Earnings / Revenue 63.91% 18.04% 48.02%
Basic Earnings Per Share
Diluted Earnings Per Share $221.1K $42.16K $136.4K
COMMON SHARES
Basic Shares Outstanding 0.000 0.000 shares 0.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.00M $33.10M $2.600M
YoY Change -65.45% -48.68% -94.0%
Cash & Equivalents $17.04M $33.11M $2.629M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $22.20M $38.70M $7.900M
YoY Change -58.35% -44.48% -83.23%
LONG-TERM ASSETS
Property, Plant & Equipment $141.0M $140.0M $101.6M
YoY Change 27.79% 17.12% -13.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $659.2M $602.0M $622.6M
YoY Change 25.54% 19.4% 35.58%
Other Assets $9.400M $29.10M $22.80M
YoY Change -67.59% 66.29% 150.55%
Total Long-Term Assets $844.9M $799.7M $771.9M
YoY Change 22.28% 20.02% 27.32%
TOTAL ASSETS
Total Short-Term Assets $22.20M $38.70M $7.900M
Total Long-Term Assets $844.9M $799.7M $771.9M
Total Assets $867.1M $838.4M $779.8M
YoY Change 16.51% 13.91% 19.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.700M $6.500M $5.000M
YoY Change 39.02% -12.16% -57.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.920M $245.8K $8.502M
YoY Change -78.99% -11.58% -43.71%
Total Short-Term Liabilities $14.50M $14.40M $13.40M
YoY Change 23.93% -4.0% -75.41%
LONG-TERM LIABILITIES
Long-Term Debt $538.2M $522.5M $483.7M
YoY Change 27.51% 24.55% 54.04%
Other Long-Term Liabilities $1.300M $2.100M $1.200M
YoY Change 160.0%
Total Long-Term Liabilities $539.5M $524.6M $484.9M
YoY Change 27.66% 25.05% 54.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.50M $14.40M $13.40M
Total Long-Term Liabilities $539.5M $524.6M $484.9M
Total Liabilities $554.0M $538.9M $498.3M
YoY Change 28.87% 24.02% 35.2%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $313.1M $299.4M $281.5M
YoY Change
Total Liabilities & Shareholders Equity $867.1M $838.4M $779.8M
YoY Change 17.2% 13.91% 19.35%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $13.32M $2.541M $8.221M
YoY Change 559.41% -23.12% 124.74%
Depreciation, Depletion And Amortization $1.910M $1.829M $1.743M
YoY Change 119.54% 14.79% 34.98%
Cash From Operating Activities $5.120M $3.210M $6.890M
YoY Change -21.23% -28.19% 50.44%
INVESTING ACTIVITIES
Capital Expenditures $80.00K -$2.190M -$1.080M
YoY Change -101.24% -47.23% -84.35%
Acquisitions
YoY Change
Other Investing Activities -$34.20M $1.170M -$47.42M
YoY Change 234.64% -101.56% -401.85%
Cash From Investing Activities -$34.12M -$1.030M -$48.48M
YoY Change 104.92% -98.7% -650.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.90M 28.31M 20.05M
YoY Change -349.03% -70.45% -219.06%
NET CHANGE
Cash From Operating Activities 5.120M 3.210M 6.890M
Cash From Investing Activities -34.12M -1.030M -48.48M
Cash From Financing Activities 12.90M 28.31M 20.05M
Net Change In Cash -16.10M 30.49M -21.54M
YoY Change 5.02% 43.41% 524.35%
FREE CASH FLOW
Cash From Operating Activities $5.120M $3.210M $6.890M
Capital Expenditures $80.00K -$2.190M -$1.080M
Free Cash Flow $5.040M $5.400M $7.970M
YoY Change -61.02% -37.35% -30.57%

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NetIncomeLossAllocatedToLimitedPartners
20413352
CY2014 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
14613105
CY2013 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
17414885
CY2015 atax Unallocated Gain Loss Of Consolidated Vies
UnallocatedGainLossOfConsolidatedVies
3721397
CY2014 atax Unallocated Gain Loss Of Consolidated Vies
UnallocatedGainLossOfConsolidatedVies
-635560
CY2013 atax Unallocated Gain Loss Of Consolidated Vies
UnallocatedGainLossOfConsolidatedVies
-1116262
CY2015 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.34
CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.25
CY2013 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.32
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.08
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.40
CY2013 us-gaap Distribution Made To Limited Partner Distributions Declared Per Unit
DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
0.50
CY2013 atax Weighted Average Number Of Units Outstanding Basic And Diluted
WeightedAverageNumberOfUnitsOutstandingBasicAndDiluted
43453476
CY2012Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
183970931
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
48213603
CY2013 atax Deconsolidation Of Vies
DeconsolidationOfVies
5485803
CY2013 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-651849
CY2013 atax Foreclosure Of Available For Sale Securities
ForeclosureOfAvailableForSaleSecurities
4080734
CY2013 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
21178686
CY2013 us-gaap Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
1939419
CY2013 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
-27062400
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-4852177
CY2013Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
203122765
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
51288699
CY2014 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-2413713
CY2014 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
755547
CY2014 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
27591056
CY2014 us-gaap Incentive Distribution Distribution Per Year
IncentiveDistributionDistributionPerYear
3748424
CY2014 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
62852308
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
10632590
CY2015 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
-630919
CY2015 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
24282
CY2015 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
23343025
CY2015 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
10042241
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-146053
CY2013 atax Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
6742439
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-283610
CY2013 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-332003
CY2015 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
4599109
CY2013 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
3177183
CY2015 atax Note Interest Income Realized From Sale Of Consolidated Variable Interest Entities
NoteInterestIncomeRealizedFromSaleOfConsolidatedVariableInterestEntities
1454621
CY2013 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
-4557741
CY2013 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2464062
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2257600
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1009598
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19387418
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14232724
CY2014 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3700000
CY2015Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
4824060
CY2015Q4 atax Bond Purchase Commitment Fair Market Value Adjustment Asset
BondPurchaseCommitmentFairMarketValueAdjustmentAsset
5634360
CY2015Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1655013
CY2013 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
13007148
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
186815000
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
81490000
CY2014 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
22622552
CY2013 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
20697452
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
182132712
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
98730000
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2164000
CY2015 us-gaap Repayments Of Debt
RepaymentsOfDebt
8415981
CY2014 us-gaap Repayments Of Debt
RepaymentsOfDebt
3056763
CY2013 us-gaap Repayments Of Debt
RepaymentsOfDebt
372856
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
74071261
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
16065900
CY2013 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
148624000
CY2015 atax Cash Received For Sale Of Mf Properties Eliminated In Consolidation
CashReceivedForSaleOfMfPropertiesEliminatedInConsolidation
16196510
CY2013 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
22610000
CY2013 us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
21935343
CY2013 atax Increase Decrease Restricted Cash Debt Collateral
IncreaseDecreaseRestrictedCashDebtCollateral
-3992848
CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2764286
CY2014 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
145000
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-94423
CY2013 atax Payments For Acquisition Of Assets Held For Sale
PaymentsForAcquisitionOfAssetsHeldForSale
1090000
CY2013 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
793000
CY2015 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
514095
CY2013 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
1603083
CY2014 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
68530
CY2013 atax Payments To Acquire Available For Sale Securities Due To Discontinued Operations
PaymentsToAcquireAvailableForSaleSecuritiesDueToDiscontinuedOperations
27778000
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
4064089
CY2013 atax Increase Decrease In Restricted Cash Debt Collateral Greens Of Pine Glen
IncreaseDecreaseInRestrictedCashDebtCollateralGreensOfPineGlen
2546363
CY2013 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
12629888
CY2013 atax Payments To Acquire Taxable Bonds
PaymentsToAcquireTaxableBonds
2918000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-158421463
CY2013 atax Payment Of Distributions To Partners
PaymentOfDistributionsToPartners
22238937
CY2013 atax Proceeds From Issuance Of Common Stock Gross
ProceedsFromIssuanceOfCommonStockGross
51750000
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3536397
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
293205000
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
16065900
CY2013 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-94423
CY2015 atax Deferred Costs Related To Future Equity Raises
DeferredCostsRelatedToFutureEquityRaises
169667
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
355585
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
126318797
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
125175254
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-19013485
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
17035782
CY2013 us-gaap Interest Paid
InterestPaid
6621251
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6446077
CY2013 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1758297
CY2015 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
42665912
CY2013 atax Foreclosure Of Available For Sale Securities Woodland Park
ForeclosureOfAvailableForSaleSecuritiesWoodlandPark
15662000
CY2013 us-gaap Notes Reduction
NotesReduction
2356640
CY2013 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
2326984
CY2013 atax Recognitionof Property Loans Receivable Discontinued Operations
RecognitionofPropertyLoansReceivableDiscontinuedOperations
2086236
CY2015Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0
CY2013Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
7023814
CY2015 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
0
CY2015 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
CY2014 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
75000
CY2015 atax Deconsolidation Of Vie
DeconsolidationOfVie
0
CY2014 atax Deconsolidation Of Vie
DeconsolidationOfVie
0
CY2015 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
0
CY2014 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
0
CY2015Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
18922261
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Partnership maintains the majority of its unrestricted cash balances at two financial institutions.&#160;&#160;The balances insured by the Federal Deposit Insurance Corporation are equal to $250,000 at each institution.&#160;&#160;At various times the cash balances exceeded the $250,000 limit.&#160;&#160;The Partnership is also exposed to risk on its short-term investments in the event of non-performance by counterparties.&#160;&#160;The Partnership does not anticipate any non-performance.&#160;&#160;This risk is minimized significantly by the Partnership&#8217;s portfolio being restricted to investment grade securities.</p></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates in Preparation of Consolidated Financial Statements</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the accompanying consolidated financial statements in conformity with GAAP requires the Partnership to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&nbsp;&nbsp;The most significant estimates and assumptions include those used in determining investment valuation, investment impairments, impairment of property assets, and allowance for loan losses.</p></div>
CY2015Q4 atax Number Of Financial Institutions
NumberOfFinancialInstitutions
2
CY2015Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2015Q4 atax Real Estate Cap Rate Minimum
RealEstateCapRateMinimum
0.053
CY2015Q4 atax Real Estate Cap Rate Maximum
RealEstateCapRateMaximum
0.075
CY2015Q4 atax Tolerable Range Of Difference In Valuation
TolerableRangeOfDifferenceInValuation
0.075
CY2015 atax Building Useful Life Minimum
BuildingUsefulLifeMinimum
P19Y
CY2015 atax Building Useful Life Maximum
BuildingUsefulLifeMaximum
P40Y
CY2015 atax Capital Improvements Useful Life Minimum
CapitalImprovementsUsefulLifeMinimum
P5Y
CY2015 atax Capital Improvements Useful Life Maximum
CapitalImprovementsUsefulLifeMaximum
P15Y
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
75000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
168000
CY2015 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4900000
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
470000
CY2014Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
676000
CY2015Q4 atax Other Net Financing Costs And Bond Issuance Costs
OtherNetFinancingCostsAndBondIssuanceCosts
487023
CY2014Q4 atax Other Net Financing Costs And Bond Issuance Costs
OtherNetFinancingCostsAndBondIssuanceCosts
243873
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
405000
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8500000
CY2015 atax Beneficial Unit Certificates Earnings To Net Recurring Income From Partnership
BeneficialUnitCertificatesEarningsToNetRecurringIncomeFromPartnership
0.99
CY2015 atax Beneficial Unit Certificates Earnings To Tier Two Income
BeneficialUnitCertificatesEarningsToTierTwoIncome
0.75
CY2015Q4 atax Percent Of Regular Distributions
PercentOfRegularDistributions
1.00
CY2015Q4 atax Penalty On Outstanding Contingent Interest
PenaltyOnOutstandingContingentInterest
0.009
CY2015Q4 atax Unallocated Deficit Of Consolidated Vies
UnallocatedDeficitOfConsolidatedVies
0
CY2015 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.5000
CY2014 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.5000
CY2014Q4 atax Loan Interest Receivable
LoanInterestReceivable
8324812
CY2013 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.5000
CY2015Q4 atax Available For Sale Securities Amortized Cost Basis Held In Trust
AvailableForSaleSecuritiesAmortizedCostBasisHeldInTrust
484817254
CY2015Q4 atax Available For Sale Securities Gross Unrealized Gains Held In Trust
AvailableForSaleSecuritiesGrossUnrealizedGainsHeldInTrust
51499227
CY2015Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
45502220
CY2015 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
1907499
CY2015 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
43063
CY2014Q4 atax Available For Sale Securities Amortized Cost Basis Held In Trust
AvailableForSaleSecuritiesAmortizedCostBasisHeldInTrust
338861752
CY2014Q4 atax Available For Sale Securities Gross Unrealized Gains Held In Trust
AvailableForSaleSecuritiesGrossUnrealizedGainsHeldInTrust
39561340
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
65538068
CY2014 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
5082559
CY2014 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
19582
CY2015Q4 atax Weighted Average Base Rate Of Mortgage Revenue Bonds
WeightedAverageBaseRateOfMortgageRevenueBonds
0.063
CY2015Q4 atax Adverse Change Rate
AdverseChangeRate
0.10
CY2015Q4 atax Tob Financing
TOBFinancing
23400000
CY2014Q2 atax Tob Financing
TOBFinancing
873000
CY2015Q4 atax Available For Sale Securities At Par Value
AvailableForSaleSecuritiesAtParValue
534745500
CY2014Q4 atax Available For Sale Securities At Par Value
AvailableForSaleSecuritiesAtParValue
409506066
CY2014Q2 us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
3800000
CY2015Q4 atax Mf Property Plant And Equipment
MfPropertyPlantAndEquipment
149672949
CY2015Q4 atax Accumulated Depreciation Mf Properties
AccumulatedDepreciationMfProperties
16023814
CY2015Q4 atax Mf Property Property Plant And Equipment Net
MfPropertyPropertyPlantAndEquipmentNet
133649135
CY2014Q4 atax Mf Property Plant And Equipment
MfPropertyPlantAndEquipment
119980369
CY2014Q4 atax Accumulated Depreciation Mf Properties
AccumulatedDepreciationMfProperties
14108154
CY2014Q4 atax Mf Property Property Plant And Equipment Net
MfPropertyPropertyPlantAndEquipmentNet
105872215
CY2015Q4 atax Property Loan Receivable Gross
PropertyLoanReceivableGross
29874523
CY2014Q4 atax Property Loan Receivable Gross
PropertyLoanReceivableGross
22191515
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7098814
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7098814
CY2015Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
344177
CY2014Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
267669
CY2014Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
4616565
CY2014Q4 atax Bond Purchase Commitment Fair Market Value Adjustment Asset
BondPurchaseCommitmentFairMarketValueAdjustmentAsset
5780413
CY2014Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
717687
CY2015Q4 atax Loan Interest Receivable
LoanInterestReceivable
10185404
CY2015Q4 atax Interest Allowance
InterestAllowance
8718387
CY2015Q4 us-gaap Loans Receivable Net
LoansReceivableNet
24242727
CY2014Q4 atax Interest Allowance
InterestAllowance
7427074
CY2014Q4 us-gaap Loans Receivable Net
LoansReceivableNet
15990439
CY2014Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
7098814
CY2012Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
12272671
CY2014 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
0
CY2013 us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
-4557741
CY2013 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
168000
CY2013 atax Deconsolidation Of Vie
DeconsolidationOfVie
55000
CY2013 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
914116
CY2015Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
7098814
CY2015Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0
CY2014Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0
CY2015Q4 atax Debt Financing Current Maturities
DebtFinancingCurrentMaturities
81807600
CY2015Q4 atax Debt Financing Maturities Repayment Of Principal In Year Two
DebtFinancingMaturitiesRepaymentOfPrincipalInYearTwo
120366181
CY2015Q4 atax Debt Financing Maturities Repayments Of Principal In Year Three
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearThree
43614419
CY2015Q4 atax Debt Financing Maturities Repayments Of Principal In Year Four
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFour
129541724
CY2015Q4 atax Debt Financing Maturities Repayments Of Principal In Year Five
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFive
81101364
CY2015Q4 atax Debt Financing
DebtFinancing
456431288
CY2014 us-gaap Depreciation
Depreciation
4801533
CY2013 us-gaap Depreciation
Depreciation
4262600
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22884825
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14976415
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14645791
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
26609023
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
15033861
CY2015Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0360
CY2014Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0372
CY2015 us-gaap Professional Fees
ProfessionalFees
284767
CY2014 us-gaap Professional Fees
ProfessionalFees
208648
CY2013 us-gaap Professional Fees
ProfessionalFees
216962
CY2015 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
15372
CY2014 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
1697
CY2013 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
434
CY2015 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2276759
CY2014 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2037879
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
17714919
CY2013Q4 us-gaap Assets
Assets
531880602
CY2015Q1 us-gaap Revenues
Revenues
12506625
CY2015Q2 us-gaap Revenues
Revenues
17119567
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1919689
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
31535642
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
9114886
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5104650
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
20616986
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
68291853
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8280000
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9200000
CY2013Q4 atax Sale Price Of Common Stock Per Share
SalePriceOfCommonStockPerShare
6.25
CY2014Q1 atax Sale Price Of Common Stock Per Share
SalePriceOfCommonStockPerShare
5.95
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
51300000
CY2014Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3500000
CY2015 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1744855
CY2014 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1599294
CY2013 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1146754
CY2015 us-gaap Other Expenses
OtherExpenses
6819
CY2014 us-gaap Other Expenses
OtherExpenses
975
CY2013 us-gaap Other Expenses
OtherExpenses
3488
CY2015 us-gaap General Insurance Expense
GeneralInsuranceExpense
224946
CY2014 us-gaap General Insurance Expense
GeneralInsuranceExpense
227265
CY2013 us-gaap General Insurance Expense
GeneralInsuranceExpense
228701
CY2013 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1596339
CY2015 atax Rate For Administration Fees
RateForAdministrationFees
0.0045
CY2015 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
1900000
CY2014 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
1700000
CY2013 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
1200000
CY2015 atax Additional Fees And Commissions Paid
AdditionalFeesAndCommissionsPaid
300000
CY2013 us-gaap Construction Revenue
ConstructionRevenue
672000
CY2015 us-gaap Management Fees Revenue
ManagementFeesRevenue
1200000
CY2014 us-gaap Management Fees Revenue
ManagementFeesRevenue
1300000
CY2013 us-gaap Management Fees Revenue
ManagementFeesRevenue
1200000
CY2015 atax Placement Advisory Fees
PlacementAdvisoryFees
150000
CY2014 atax Placement Advisory Fees
PlacementAdvisoryFees
300000
CY2015 atax Number Of Derivatives
NumberOfDerivatives
12
CY2015 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
1800000
CY2014 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
2000000
CY2013 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
284000
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
344000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
268000
CY2015Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
668651258
CY2014Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
535793465
CY2013Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
385332107
CY2015 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
456400000
CY2015 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5
CY2015Q4 atax Number Of Available For Sale Securities Public Housing Authorities
NumberOfAvailableForSaleSecuritiesPublicHousingAuthorities
2
CY2015 us-gaap Depreciation
Depreciation
5888973
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3627571
CY2015Q3 us-gaap Revenues
Revenues
14084872
CY2015Q4 us-gaap Revenues
Revenues
20841336
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2499160
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
7983295
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2286383
CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
10115987
CY2015Q1 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
24428
CY2015Q2 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
238287
CY2015Q3 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
253894
CY2015Q4 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
3204788
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2524479
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
8221271
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2540649
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
13322624
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.04
CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.12
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.03
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.15
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2015Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.14
CY2014Q1 us-gaap Revenues
Revenues
12399967
CY2014Q2 us-gaap Revenues
Revenues
10467428
CY2014Q3 us-gaap Revenues
Revenues
11043537
CY2014Q4 us-gaap Revenues
Revenues
11731863
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5987080
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3297958
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2063806
CY2014Q1 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
59646
CY2014Q2 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
30512
CY2014Q3 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
6722
CY2014Q4 atax Income Loss From Discontinued Operations
IncomeLossFromDiscontinuedOperations
-44107
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6046829
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3658457
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3307829
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2020746
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.10
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.05
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.06
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.04
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.10
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.06
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04

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