$GHI
Greystone Housing Impact Investors LP

2019 Q3 Form 10-Q Financial Statement

#000156459019039282 Filed on November 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3
Revenue $14.87M $30.05M
YoY Change -50.53% 85.11%
Cost Of Revenue $6.509M $6.395M
YoY Change 1.79% 1.66%
Gross Profit $18.83M $23.66M
YoY Change -20.4% 138.01%
Gross Profit Margin 126.68% 78.72%
Selling, General & Admin $8.374M $5.260M
YoY Change 59.21% -2.95%
% of Gross Profit 44.47% 22.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $743.5K $849.5K
YoY Change -12.48% -32.37%
% of Gross Profit 3.95% 3.59%
Operating Expenses $9.118M $6.585M
YoY Change 38.47% -1.43%
Operating Profit $9.708M $17.88M
YoY Change -45.71% 404.39%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $9.640M $17.07M
YoY Change -43.54% 423.64%
Income Tax -$68.24K -$809.8K
% Of Pretax Income -0.71% -4.74%
Net Earnings $9.708M $17.88M
YoY Change -45.71% 404.39%
Net Earnings / Revenue 65.3% 59.51%
Basic Earnings Per Share
Diluted Earnings Per Share $160.4K $298.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.78M $24.97M
YoY Change 63.33% -29.86%
Cash & Equivalents $41.35M $24.97M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $48.70M $32.90M
YoY Change 48.02% -23.31%
LONG-TERM ASSETS
Property, Plant & Equipment $63.93M $65.34M
YoY Change -2.15% -33.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $909.0M $871.5M
YoY Change 4.31% 2438.18%
Other Assets $904.0K $1.187M
YoY Change -23.86% -59.06%
Total Long-Term Assets $984.8M $968.3M
YoY Change 1.7% -4.16%
TOTAL ASSETS
Total Short-Term Assets $48.70M $32.90M
Total Long-Term Assets $984.8M $968.3M
Total Assets $1.034B $1.001B
YoY Change 3.22% -4.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.1K $0.00
YoY Change -100.0%
Accrued Expenses $7.734M $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.58M $0.00
YoY Change
Total Short-Term Liabilities $29.40M $36.00M
YoY Change -18.33% 126.42%
LONG-TERM LIABILITIES
Long-Term Debt $566.5M $600.9M
YoY Change -5.72% -8.64%
Other Long-Term Liabilities $1.700M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $566.5M $600.9M
YoY Change -5.72% -8.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.40M $36.00M
Total Long-Term Liabilities $566.5M $600.9M
Total Liabilities $597.5M $618.4M
YoY Change -3.37% -8.36%
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 $436.0M $382.8M
YoY Change
Total Liabilities & Shareholders Equity $1.034B $1.001B
YoY Change 3.22% -4.94%

Cashflow Statement

Concept 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $9.708M $17.88M
YoY Change -45.71% 404.39%
Depreciation, Depletion And Amortization $743.5K $849.5K
YoY Change -12.48% -32.37%
Cash From Operating Activities $5.706M $10.08M
YoY Change -43.38% 103.17%
INVESTING ACTIVITIES
Capital Expenditures -$29.86K -$66.34K
YoY Change -54.99% -39.69%
Acquisitions
YoY Change
Other Investing Activities $21.95M $22.51M
YoY Change -2.51% -334.23%
Cash From Investing Activities $21.92M $22.45M
YoY Change -2.4% -331.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.414M -34.68M
YoY Change -95.92% -266.98%
NET CHANGE
Cash From Operating Activities 5.706M 10.08M
Cash From Investing Activities 21.92M 22.45M
Cash From Financing Activities -1.414M -34.68M
Net Change In Cash 26.21M -2.151M
YoY Change -1318.33% -113.44%
FREE CASH FLOW
Cash From Operating Activities $5.706M $10.08M
Capital Expenditures -$29.86K -$66.34K
Free Cash Flow $5.735M $10.14M
YoY Change -43.46% 100.07%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q3 us-gaap Investment Income Net
InvestmentIncomeNet
12589743
CY2018Q3 us-gaap Investment Income Net
InvestmentIncomeNet
12733013
us-gaap Investment Income Net
InvestmentIncomeNet
37072288
us-gaap Investment Income Net
InvestmentIncomeNet
38360534
us-gaap Interest Income Operating
InterestIncomeOperating
7019465
CY2019Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
310134419
CY2019Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
7663064
CY2018Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
288499259
us-gaap Profit Loss
ProfitLoss
27225480
CY2019Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
333004
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
397823
CY2019Q3 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
52605
CY2018Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
626633
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1427336
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1409895
CY2019Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
1974546
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
7025390
atax Contingent Interest Income
ContingentInterestIncome
4246094
us-gaap Other Income
OtherIncome
1592831
us-gaap Revenues
Revenues
58244314
atax Real Estate Operating Expense
RealEstateOperatingExpense
4292745
CY2018Q3 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
309958
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSale
1141020
CY2019Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
75000
CY2018Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
4051429
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
4051429
atax Gain Or Loss On Sale Of Investment In Unconsolidated Entity
GainOrLossOnSaleOfInvestmentInUnconsolidatedEntity
10475927
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26421675
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-803805
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
2153288
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25072192
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
2242127
atax Net Income Loss Attributable To Common Stockholders And Noncontrolling Interest Basic
NetIncomeLossAttributableToCommonStockholdersAndNoncontrollingInterestBasic
25072192
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
59989585
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
59989585
CY2018Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
304465741
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-212
CY2019Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
5381169
CY2019Q1 atax Net Income Loss Attributable To Common Stockholders And Noncontrolling Interest Basic
NetIncomeLossAttributableToCommonStockholdersAndNoncontrollingInterestBasic
5734050
us-gaap Income Taxes Paid
IncomeTaxesPaid
178564
atax Distributions Declared But Not Paid For Beneficial Unit Certificates And General Partner
DistributionsDeclaredButNotPaidForBeneficialUnitCertificatesAndGeneralPartner
8869350
CY2019Q2 atax Net Income Loss Attributable To Common Stockholders And Noncontrolling Interest Basic
NetIncomeLossAttributableToCommonStockholdersAndNoncontrollingInterestBasic
3168427
CY2019Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
186230
CY2019Q2 atax Other Comprehensive Income Unrealized Holding Gain Loss On Securities
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecurities
14920081
CY2019Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
320746093
CY2019Q3 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
3265677
CY2019Q3 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
1581423
CY2019Q3 atax Other Comprehensive Income Unrealized Holding Gain Loss On Securities
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecurities
19048316
CY2019Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
341599455
CY2019Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2019Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2019Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2018Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2018Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2018Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.125
CY2017Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
313840270
CY2017Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-216948
CY2018Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
7632945
CY2018Q1 atax Net Income Loss Attributable To Common Stockholders And Noncontrolling Interest Basic
NetIncomeLossAttributableToCommonStockholdersAndNoncontrollingInterestBasic
5286541
CY2018Q1 us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
192310
CY2018Q1 us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
1256654
CY2018Q1 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
206636
CY2018Q1 atax Other Comprehensive Income Unrealized Holding Gain Loss On Securities
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecurities
-21874876
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-975067
CY2018Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
287569267
CY2018Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
7632946
CY2018Q2 atax Net Income Loss Attributable To Common Stockholders And Noncontrolling Interest Basic
NetIncomeLossAttributableToCommonStockholdersAndNoncontrollingInterestBasic
2620359
CY2018Q2 us-gaap Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
440959
CY2018Q2 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
543521
CY2018Q2 atax Other Comprehensive Income Unrealized Holding Gain Loss On Securities
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecurities
4521567
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1032788
CY2018Q2 atax Reversal Of Net Unrealized Loss On Securities With Other Than Temporary Impairment
ReversalOfNetUnrealizedLossOnSecuritiesWithOtherThanTemporaryImpairment
525446
CY2018Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
286673467
CY2018Q3 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
1355445
CY2018Q3 us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
383990
CY2018Q3 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
622227
CY2018Q3 atax Other Comprehensive Income Unrealized Holding Gain Loss On Securities
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecurities
-6744509
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
51760
us-gaap Profit Loss
ProfitLoss
20045906
atax Contingent Interest Realized On Investing
ContingentInterestRealizedOnInvesting
3045462
atax Contingent Interest Realized On Investing
ContingentInterestRealizedOnInvesting
4246094
atax Impairment Of Securities
ImpairmentOfSecurities
1141020
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-574028
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1266808
us-gaap Restricted Stock Expense
RestrictedStockExpense
3636091
us-gaap Restricted Stock Expense
RestrictedStockExpense
1372384
atax Amortization Of Bond Discount Premium
AmortizationOfBondDiscountPremium
-106114
atax Amortization Of Bond Discount Premium
AmortizationOfBondDiscountPremium
-50839
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-8410
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1476463
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1304879
atax Deferred Income Tax Expense Benefit And Income Tax Payable Receivables
DeferredIncomeTaxExpenseBenefitAndIncomeTaxPayableReceivables
100804
atax Deferred Income Tax Expense Benefit And Income Tax Payable Receivables
DeferredIncomeTaxExpenseBenefitAndIncomeTaxPayableReceivables
-840871
atax Change In Preferred Return Receivable From Unconsolidated Entity
ChangeInPreferredReturnReceivableFromUnconsolidatedEntity
1935286
atax Change In Preferred Return Receivable From Unconsolidated Entity
ChangeInPreferredReturnReceivableFromUnconsolidatedEntity
2642634
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
915670
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1395660
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-694925
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
921756
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
327188
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-473415
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12827651
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17996988
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
88110
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
496336
atax Cash Received For Sale Of Mf Properties Eliminated In Consolidation
CashReceivedForSaleOfMfPropertiesEliminatedInConsolidation
13450000
atax Proceeds From Sale Of Investment In An Unconsolidated Entity
ProceedsFromSaleOfInvestmentInAnUnconsolidatedEntity
20189663
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
19250000
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
19540000
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
18304139
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
35153613
atax Proceeds From Taxable Mortgage Revenue Bonds
ProceedsFromTaxableMortgageRevenueBonds
25997
atax Proceeds From Taxable Mortgage Revenue Bonds
ProceedsFromTaxableMortgageRevenueBonds
33384
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
2764403
atax Payments For Property Loans
PaymentsForPropertyLoans
405717
atax Payments For Property Loans
PaymentsForPropertyLoans
66652
atax Proceeds From Property Loans And Related Contingent Interest
ProceedsFromPropertyLoansAndRelatedContingentInterest
11413098
atax Proceeds From Property Loans And Related Contingent Interest
ProceedsFromPropertyLoansAndRelatedContingentInterest
5762536
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13864087
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7453523
atax Payment Of Distributions To Partners
PaymentOfDistributionsToPartners
25758751
atax Payment Of Distributions To Partners
PaymentOfDistributionsToPartners
25800111
atax Repurchase Of Beneficial Unit Certificates
RepurchaseOfBeneficialUnitCertificates
1697613
atax Proceeds From Issuance Of Common Stock Gross
ProceedsFromIssuanceOfCommonStockGross
626033
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12531
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1581423
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
122921712
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
238920000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
90025780
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
253250185
us-gaap Repayments Of Debt
RepaymentsOfDebt
474391
us-gaap Repayments Of Debt
RepaymentsOfDebt
7963815
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
23200000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
30540000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
45659200
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
52074400
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-51324
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-23243
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1177696
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
625706
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18606853
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-71361571
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
8084885
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-45911060
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
33268611
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
71583329
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
41353496
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25672269
us-gaap Interest Paid Net
InterestPaidNet
16874341
us-gaap Interest Paid Net
InterestPaidNet
17571617
us-gaap Income Taxes Paid
IncomeTaxesPaid
155000
atax Distributions Declared But Not Paid For Beneficial Unit Certificates And General Partner
DistributionsDeclaredButNotPaidForBeneficialUnitCertificatesAndGeneralPartner
9652968
atax Distributions Declared But Not Paid For Series A Preferred Units
DistributionsDeclaredButNotPaidForSeriesAPreferredUnits
708750
atax Distributions Declared But Not Paid For Series A Preferred Units
DistributionsDeclaredButNotPaidForSeriesAPreferredUnits
708750
us-gaap Contribution Of Property
ContributionOfProperty
2879473
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
24504
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5898
atax Deferred Financing Costs Financed Through Accounts Payable
DeferredFinancingCostsFinancedThroughAccountsPayable
15000
atax Deferred Financing Costs Financed Through Accounts Payable
DeferredFinancingCostsFinancedThroughAccountsPayable
12836
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24969157
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
703112
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41353496
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25672269
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-align:justify;margin-top:18pt;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;">Reclassification</p> <p style="text-align:justify;Background-color:#FFFFFF;margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior year amounts have been reclassified for consistency with the current period presentation. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-top:2pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In the three and nine months ended September 30, 2019, the Partnership reported amortization of deferred financing costs within interest expense in the Partnership&#8217;s condensed consolidated statements of operations.&nbsp;&nbsp;Previously, &#8220;Amortization of deferred financing costs expense&#8221; had been reported as a separate line item in the Partnership&#8217;s condensed consolidated statement of operations.&nbsp;&nbsp;Accordingly, for the three and nine months ended September 30, 2018, the Partnership has included amortization of deferred financing costs expense within interest expense in conformity with the current reporting period presented herein. This reclassification has no effect on the Partnership&#8217;s reported net income or partners&#8217; capital in the Partnership&#8217;s condensed consolidated financial statements for the periods presented.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:18pt;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;">Estimates and assumptions</p> <p style="text-align:justify;margin-top:6pt;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 financial statements in conformity with generally accepted accounting principles in the United States of America (&#8220;GAAP&#8221;) requires management 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&#160;&#160;The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with such SEC rules and regulations, although management believes that the disclosures are adequate to make the information presented not misleading. </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="text-align:justify;margin-top:2pt;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 condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Partnership&#8217;s Annual Report on Form 10-K for the year ended December&#160;31, 2018. These condensed consolidated financial statements and notes have been prepared consistently with the 2018 Form 10-K, with the exception of new accounting standards that were adopted and reclassifications that are discussed herein. In the opinion of management, all adjustments (consisting of normal and recurring accruals) necessary to present fairly the Partnership&#8217;s financial position as of September 30, 2019, and the results of operations for the interim periods presented, have been made. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. The accompanying condensed consolidated balance sheet as of December 31, 2018 was derived from the audited annual consolidated financial statements but does not contain all the footnote disclosures from the annual consolidated financial statements.</p>
CY2019Q3 atax Remaining Commitments To Equity Investment Maximum
RemainingCommitmentsToEquityInvestmentMaximum
6461034
CY2019Q3 us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
3713106
CY2018Q3 us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
2824019
us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
9534250
CY2019Q3 atax Partners Capital Account Fixed Rate
PartnersCapitalAccountFixedRate
0.030
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2018Q4 atax Number Of Variable Interest Entities
NumberOfVariableInterestEntities
17
CY2019Q3 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
19250000
CY2019Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
2886
CY2018Q4 atax Property Loan Receivable Gross
PropertyLoanReceivableGross
23354826
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7393814
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
15961012
CY2019Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1681238
CY2019Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1446520
CY2018Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2081258
CY2019Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
182099
CY2018Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
230631
CY2019Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3023629
CY2018Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2956368
CY2019Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2572279
us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
5687214
CY2019Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
22556694
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
22556694
CY2019Q3 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
21606621
CY2018Q3 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
-353067
us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
20918176
us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
-2688985
CY2019Q3 atax Property Loan Receivable Gross
PropertyLoanReceivableGross
15392908
CY2019Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7393814
CY2019Q3 us-gaap Notes Receivable Net
NotesReceivableNet
7999094
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2270348
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2137792
CY2019Q3 us-gaap Other Liabilities
OtherLiabilities
1677151
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
2086475
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
34165
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
135812
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
136366
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
139091
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
141871
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4661979
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5249284
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3111492
atax Debt Instrument Redemption Paydown Applied
DebtInstrumentRedemptionPaydownApplied
82254300
CY2019Q3 atax Debt Financing Current Maturities
DebtFinancingCurrentMaturities
9445353
CY2019Q3 atax Debt Financing Maturities Repayment Of Principal In Year Two
DebtFinancingMaturitiesRepaymentOfPrincipalInYearTwo
114279468
CY2019Q3 atax Debt Financing Maturities Repayments Of Principal In Year Three
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearThree
5328914
CY2019Q3 atax Debt Financing Maturities Repayments Of Principal In Year Four
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFour
18499166
CY2019Q3 atax Debt Financing Maturities Repayments Of Principal In Year Five
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFive
5899262
CY2019Q3 atax Debt Financing Maturities Repayments Of Principal After Year Five
DebtFinancingMaturitiesRepaymentsOfPrincipalAfterYearFive
387921886
CY2019Q3 atax Debt Financing Carrying Value
DebtFinancingCarryingValue
541374049
CY2019Q3 atax Debt Unamortized Deferred Financing Costs And Premium
DebtUnamortizedDeferredFinancingCostsAndPremium
2561919
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
27049871
CY2019Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0496
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
27454375
CY2018Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0496
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
52605
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
626633
CY2019Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
36000000
CY2016Q1 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1000000
CY2016Q2 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1386900
CY2016Q1 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
10000000
CY2016Q2 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
13869000
CY2016Q1 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q2 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q2 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q1 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-03
CY2016Q2 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-05
CY2019Q3 atax Reimbursement Of Franchise Margin Taxes Paid On Behalf Of Unconsolidated Entities
ReimbursementOfFranchiseMarginTaxesPaidOnBehalfOfUnconsolidatedEntities
12000
atax Reimbursement Of Franchise Margin Taxes Paid On Behalf Of Unconsolidated Entities
ReimbursementOfFranchiseMarginTaxesPaidOnBehalfOfUnconsolidatedEntities
44000
atax Rate For Administration Fees
RateForAdministrationFees
0.0045
CY2019Q3 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
29000
CY2018Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
77000
CY2019Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
599000
CY2018Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
330000
CY2019Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
823447167
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
782862049
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2019Q3 us-gaap Depreciation
Depreciation
743503
CY2018Q3 us-gaap Depreciation
Depreciation
849516
us-gaap Depreciation
Depreciation
2380815
us-gaap Depreciation
Depreciation
2672925

Files In Submission

Name View Source Status
0001564590-19-039282-index-headers.html Edgar Link pending
0001564590-19-039282-index.html Edgar Link pending
0001564590-19-039282.txt Edgar Link pending
0001564590-19-039282-xbrl.zip Edgar Link pending
atax-10q_20190930.htm Edgar Link pending
atax-20190930.xml Edgar Link completed
atax-20190930.xsd Edgar Link pending
atax-20190930_cal.xml Edgar Link unprocessable
atax-20190930_def.xml Edgar Link unprocessable
atax-20190930_lab.xml Edgar Link unprocessable
atax-20190930_pre.xml Edgar Link unprocessable
atax-ex311_6.htm Edgar Link pending
atax-ex312_7.htm Edgar Link pending
atax-ex321_8.htm Edgar Link pending
atax-ex322_9.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R110.htm Edgar Link pending
R111.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending