2020 Q4 Form 10-K Financial Statement

#000156459021008450 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $13.47M $21.11M $14.87M
YoY Change -36.16% -18.87% -50.53%
Cost Of Revenue $5.203M $5.606M $6.509M
YoY Change -7.19% -17.21% 1.79%
Gross Profit $8.271M $15.50M $18.83M
YoY Change -46.64% -19.45% -20.4%
Gross Profit Margin 61.38% 73.44% 126.68%
Selling, General & Admin $4.632M $4.292M $8.374M
YoY Change 7.92% -6.35% 59.21%
% of Gross Profit 56.0% 27.69% 44.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $668.8K $707.3K $743.5K
YoY Change -5.45% -18.09% -12.48%
% of Gross Profit 8.09% 4.56% 3.95%
Operating Expenses $7.433M $4.999M $9.118M
YoY Change 48.69% -8.22% 38.47%
Operating Profit $798.7K $10.45M $9.708M
YoY Change -92.35% -24.92% -45.71%
Interest Expense $0.00
YoY Change
% of Operating Profit 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $837.5K $10.50M $9.640M
YoY Change -92.02% -23.88% -43.54%
Income Tax $38.79K $55.22K -$68.24K
% Of Pretax Income 4.63% 0.53% -0.71%
Net Earnings $798.7K $10.45M $9.708M
YoY Change -92.35% -24.92% -45.71%
Net Earnings / Revenue 5.93% 49.49% 65.3%
Basic Earnings Per Share
Diluted Earnings Per Share $39.55K $171.7K $160.4K
COMMON SHARES
Basic Shares Outstanding 0.000 0.000
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.50M $42.31M $40.78M
YoY Change 5.17% 32.2% 63.33%
Cash & Equivalents $44.50M $42.31M $41.35M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $52.70M $49.70M $48.70M
YoY Change 6.04% 27.44% 48.02%
LONG-TERM ASSETS
Property, Plant & Equipment $59.04M $61.56M $63.93M
YoY Change -4.09% -4.7% -2.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $106.9M $86.98M $909.0M
YoY Change 22.87% 13.65% 4.31%
Other Assets $78.89M $1.232M $904.0K
YoY Change 6304.67% -26.0% -23.86%
Total Long-Term Assets $1.123B $979.5M $984.8M
YoY Change 14.61% 3.79% 1.7%
TOTAL ASSETS
Total Short-Term Assets $52.70M $49.70M $48.70M
Total Long-Term Assets $1.123B $979.5M $984.8M
Total Assets $1.175B $1.029B $1.034B
YoY Change 14.19% 4.73% 3.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $94.67K $93.83K $182.1K
YoY Change 0.9%
Accrued Expenses $8.337M $7.359M $7.734M
YoY Change 13.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $14.20M $161.1M $12.58M
YoY Change -91.18%
Total Short-Term Liabilities $26.30M $149.4M $29.40M
YoY Change -82.4% -22.91% -18.33%
LONG-TERM LIABILITIES
Long-Term Debt $693.2M $415.1M $566.5M
YoY Change 67.01% -27.02% -5.72%
Other Long-Term Liabilities $1.500M $1.600M $1.700M
YoY Change -6.25%
Total Long-Term Liabilities $693.2M $415.1M $566.5M
YoY Change 67.01% -27.02% -5.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.30M $149.4M $29.40M
Total Long-Term Liabilities $693.2M $415.1M $566.5M
Total Liabilities $721.1M $592.8M $597.5M
YoY Change 21.63% 1.53% -3.37%
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 $454.2M $436.3M $436.0M
YoY Change
Total Liabilities & Shareholders Equity $1.175B $1.029B $1.034B
YoY Change 14.19% 4.73% 3.22%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $798.7K $10.45M $9.708M
YoY Change -92.35% -24.92% -45.71%
Depreciation, Depletion And Amortization $668.8K $707.3K $743.5K
YoY Change -5.45% -18.09% -12.48%
Cash From Operating Activities $3.200M $5.167M $5.706M
YoY Change -38.07% -32.63% -43.38%
INVESTING ACTIVITIES
Capital Expenditures -$97.06K -$38.62K -$29.86K
YoY Change 151.32% 5.4% -54.99%
Acquisitions
YoY Change
Other Investing Activities -$7.818M $9.367M $21.95M
YoY Change -183.46% -77.54% -2.51%
Cash From Investing Activities -$7.915M $9.329M $21.92M
YoY Change -184.85% -77.61% -2.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.757M -12.66M -1.414M
YoY Change -78.23% -69.66% -95.92%
NET CHANGE
Cash From Operating Activities 3.200M 5.167M 5.706M
Cash From Investing Activities -7.915M 9.329M 21.92M
Cash From Financing Activities -2.757M -12.66M -1.414M
Net Change In Cash -7.472M 1.832M 26.21M
YoY Change -507.76% -75.88% -1318.33%
FREE CASH FLOW
Cash From Operating Activities $3.200M $5.167M $5.706M
Capital Expenditures -$97.06K -$38.62K -$29.86K
Free Cash Flow $3.297M $5.205M $5.735M
YoY Change -36.66% -32.44% -43.46%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
122990586
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
43185981
CY2020 us-gaap Interest Paid Net
InterestPaidNet
19139218
CY2019 us-gaap Interest Paid Net
InterestPaidNet
22084197
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
71427
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
340374
CY2020 atax Distributions Declared But Not Paid For Beneficial Unit Certificates And General Partner
DistributionsDeclaredButNotPaidForBeneficialUnitCertificatesAndGeneralPartner
3686283
CY2019 atax Distributions Declared But Not Paid For Beneficial Unit Certificates And General Partner
DistributionsDeclaredButNotPaidForBeneficialUnitCertificatesAndGeneralPartner
7607984
CY2020 atax Distributions Declared But Not Paid For Series A Preferred Units
DistributionsDeclaredButNotPaidForSeriesAPreferredUnits
708750
CY2019 atax Distributions Declared But Not Paid For Series A Preferred Units
DistributionsDeclaredButNotPaidForSeriesAPreferredUnits
708750
CY2020 atax Deferred Financing Costs Financed Through Accounts Payable
DeferredFinancingCostsFinancedThroughAccountsPayable
37322
CY2019 atax Deferred Financing Costs Financed Through Accounts Payable
DeferredFinancingCostsFinancedThroughAccountsPayable
73724
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44495538
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42308153
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
78495048
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
877828
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122990586
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43185981
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<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 accounting principles generally accepted in the United States of America (“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 as of 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.  The most significant estimates and assumptions include those used in determining: (i) the fair value of MRBs and Public Housing Capital Fund Trusts Certificates (“PHC Certificates”); (ii) investment impairments; (iii) impairment of real estate assets; and (iv) allowances for loan losses.</p>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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 three financial institutions.  The balances insured by the Federal Deposit Insurance Corporation are equal to $250,000 at each institution.  At various times the cash balances have exceeded the $250,000 limit.  The Partnership is also exposed to risk on its short-term investments in the event of non-performance by counterparties.  The Partnership does not anticipate any non-performance.  This risk is minimized significantly by the Partnership’s short-term investment portfolio being restricted to investment grade securities.</p>
CY2020Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020Q4 atax Number Of Variable Interest Entities
NumberOfVariableInterestEntities
21
CY2019Q4 atax Number Of Variable Interest Entities
NumberOfVariableInterestEntities
17
CY2020Q4 us-gaap Change In Accounting Principle Accounting Standards Update Adoption Date
ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate
2019-01-01
CY2020Q4 atax Partners Capital Account Fixed Rate
PartnersCapitalAccountFixedRate
0.030
CY2020 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.3050
CY2019 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
DistributionMadeToLimitedPartnerDistributionsPaidPerUnit
0.5000
CY2020Q4 atax Available For Sale Security And Property Loan Receivable Maximum Exposure
AvailableForSaleSecurityAndPropertyLoanReceivableMaximumExposure
197833069
CY2019Q4 atax Available For Sale Security And Property Loan Receivable Maximum Exposure
AvailableForSaleSecurityAndPropertyLoanReceivableMaximumExposure
117436864
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
7300000
CY2020Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
9498500
CY2019Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
19250000
CY2020Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
673567008
CY2019Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
679679604
CY2020 atax Loan Financing Extended Maturity Month And Year
LoanFinancingExtendedMaturityMonthAndYear
2023-07
CY2020 atax Loan Financing Extended Maturity Month And Year Upon Payment Of Non Refundable Extension Fees
LoanFinancingExtendedMaturityMonthAndYearUponPaymentOfNonRefundableExtensionFees
2024-01
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
77191417
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18150215
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59041202
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
76917663
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15357700
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
61559963
CY2020Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
3756
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
106878570
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
86981864
CY2020Q4 atax Remaining Commitments To Equity Investment Maximum
RemainingCommitmentsToEquityInvestmentMaximum
17729428
CY2020 us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
14553331
CY2019 us-gaap Real Estate Investment Partnership Revenue
RealEstateInvestmentPartnershipRevenue
12541852
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
6106279
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
35871041
CY2020 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
-1674527
CY2019 us-gaap Net Income Loss From Real Estate Investment Partnership
NetIncomeLossFromRealEstateInvestmentPartnership
32662003
CY2020Q4 atax Property Loan Receivable Gross
PropertyLoanReceivableGross
21225765
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8305046
CY2020Q4 atax Governmental Issuer Loans And Property Loan Outstanding Balance
GovernmentalIssuerLoansAndPropertyLoanOutstandingBalance
5327342
CY2020Q4 atax Governmental Issuer Loans Maximum Remaining Commitment
GovernmentalIssuerLoansMaximumRemainingCommitment
70786838
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7393814
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7393814
CY2020 atax Provision For Property Loan Loss
ProvisionForPropertyLoanLoss
911232
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
8305046
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7393814
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2019Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2755010
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2529982
CY2020Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2020Q4 atax Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
0
CY2019Q4 atax Liability For Uncertain Tax Positions
LiabilityForUncertainTaxPositions
0
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
390649
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
353862
CY2020Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
321503
CY2019Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
10911
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1510437
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1383237
CY2020Q4 atax Long Term Purchase Commitments Fair Value
LongTermPurchaseCommitmentsFairValue
431879
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1648742
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1673242
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1605374
CY2019Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1641099
CY2020Q4 us-gaap Other Assets
OtherAssets
5908584
CY2019Q4 us-gaap Other Assets
OtherAssets
5062351
CY2020Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
94674
CY2019Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
93834
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3433247
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2690076
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2149001
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2138783
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
1517633
CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
1583492
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
9949565
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
9036167
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
138394
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
141119
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
143561
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
144706
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
147598
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4369676
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5085054
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2936053
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2149001
CY2020Q4 atax Debt Financing Liabilities Net
DebtFinancingLiabilitiesNet
673957640
CY2019Q4 atax Debt Financing Liabilities Net
DebtFinancingLiabilitiesNet
536197421
CY2020 atax Termination Occur Due To Percentage Decrease By Partners Net Assets In One Quarter
TerminationOccurDueToPercentageDecreaseByPartnersNetAssetsInOneQuarter
0.25
CY2020 atax Termination Occur Due To Percentage Decrease By Partners Net Assets In Over One Year
TerminationOccurDueToPercentageDecreaseByPartnersNetAssetsInOverOneYear
0.35
CY2020Q4 atax Debt Financing Current Maturities
DebtFinancingCurrentMaturities
5894456
CY2020Q4 atax Debt Financing Maturities Repayment Of Principal In Year Two
DebtFinancingMaturitiesRepaymentOfPrincipalInYearTwo
21448689
CY2020Q4 atax Debt Financing Maturities Repayments Of Principal In Year Three
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearThree
195504816
CY2020Q4 atax Debt Financing Maturities Repayments Of Principal In Year Four
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFour
87839152
CY2020Q4 atax Debt Financing Maturities Repayments Of Principal In Year Five
DebtFinancingMaturitiesRepaymentsOfPrincipalInYearFive
11363784
CY2020Q4 atax Debt Financing Maturities Repayments Of Principal After Year Five
DebtFinancingMaturitiesRepaymentsOfPrincipalAfterYearFive
354282244
CY2020Q4 atax Debt Financing Carrying Value
DebtFinancingCarryingValue
676333141
CY2020Q4 atax Debt Unamortized Deferred Financing Costs And Premium
DebtUnamortizedDeferredFinancingCostsAndPremium
2375501
CY2020Q4 atax Debt Financing Liabilities Net
DebtFinancingLiabilitiesNet
673957640
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
25984872
CY2020Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0436
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
26802246
CY2019Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0474
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
293626
CY2020Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
103500000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
27877
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
10911
CY2016Q1 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1000000
CY2016Q1 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
10000000
CY2016Q1 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q1 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-03
CY2016Q2 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1386900
CY2016Q2 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
13869000
CY2016Q2 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q2 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q2 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-05
CY2016Q3 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1000000
CY2016Q3 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
10000000
CY2016Q3 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q3 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q3 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-09
CY2016Q4 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
700000
CY2016Q4 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
7000000
CY2016Q4 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2016Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2016Q4 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2022-12
CY2017Q1 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1613100
CY2017Q1 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
16131000
CY2017Q1 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2017Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2017Q1 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2023-03
CY2017Q3 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
2000000
CY2017Q3 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
20000000
CY2017Q3 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2017Q3 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2017Q3 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2023-08
CY2017Q4 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
1750000
CY2017Q4 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
17500000
CY2017Q4 atax Percentage Of Non Cumulative Cash Dividend
PercentageOfNonCumulativeCashDividend
0.0300
CY2017Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.00
CY2017Q4 atax Temporary Equity Redemption Date
TemporaryEquityRedemptionDate
2023-10
CY2020 us-gaap Partners Capital Account Units Sold In Private Placement
PartnersCapitalAccountUnitsSoldInPrivatePlacement
9450000
CY2020 us-gaap Partners Capital Account Private Placement Of Units
PartnersCapitalAccountPrivatePlacementOfUnits
94500000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
10446245
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.08
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.05
CY2020 atax Reimbursement Of Franchise Margin Taxes Paid On Behalf Of Unconsolidated Entities
ReimbursementOfFranchiseMarginTaxesPaidOnBehalfOfUnconsolidatedEntities
53000
CY2019 atax Reimbursement Of Franchise Margin Taxes Paid On Behalf Of Unconsolidated Entities
ReimbursementOfFranchiseMarginTaxesPaidOnBehalfOfUnconsolidatedEntities
131000
CY2020 atax Rate For Administration Fees
RateForAdministrationFees
0.0045
CY2020 atax Rate For Administration Fees
RateForAdministrationFees
0.0045
CY2020Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
53000
CY2019Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
116000
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
344000
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
301000
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
796696304
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
818340970
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2020 us-gaap Revenues
Revenues
55528568
CY2019 us-gaap Revenues
Revenues
62318013
CY2020 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-21215888
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-24717294
CY2020 us-gaap Depreciation
Depreciation
2810073
CY2019 us-gaap Depreciation
Depreciation
3088117
CY2020 us-gaap Net Income Loss
NetIncomeLoss
7208828
CY2019 us-gaap Net Income Loss
NetIncomeLoss
30492151
CY2020Q4 us-gaap Assets
Assets
1175247879
CY2019Q4 us-gaap Assets
Assets
1029168508
CY2020Q1 atax Revenue And Other Income
RevenueAndOtherIncome
15152158
CY2020Q2 atax Revenue And Other Income
RevenueAndOtherIncome
14478419
CY2020Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2981757
CY2020Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
4588348
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2981757
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4588348
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.04
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.06
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.06
CY2019Q1 atax Revenue And Other Income
RevenueAndOtherIncome
17664598
CY2019Q2 atax Revenue And Other Income
RevenueAndOtherIncome
14346334
CY2019Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6451813
CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3886190
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6451813
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3886190
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
9707903
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.13
CY2019Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.16
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.13
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.16

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