America first multifamily investors, l.p. (ATAX)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets:
Cash and cash equivalents

35,158

42,308

40,782

13,821

38,210

32,001

24,969

26,328

53,959

69,597

35,556

15,371

22,778

20,748

30,915

43,013

17,822

17,035

33,111

2,628

24,205

49,157

43,266

46,698

11,292

11,906

23,985

13,336

30,172

55,514

81,790

17,429

20,086

10,411

1,898

13,277

Restricted cash

600

877

570

1,324

792

1,266

703

1,493

1,115

1,985

2,449

6,641

5,911

6,757

7,545

9,563

8,753

8,950

9,780

5,189

7,836

11,141

5,119

4,131

6,344

7,697

8,205

4,595

5,471

5,970

6,419

12,746

12,904

16,853

20,900

25,252

Interest receivable, net

7,905

7,432

7,927

7,219

7,675

7,011

7,936

7,682

8,197

6,541

7,319

6,397

7,273

6,983

6,883

5,781

6,014

5,220

5,551

5,326

5,806

4,121

3,759

11,549

3,342

8,012

6,481

10,851

8,473

9,124

7,083

8,272

6,984

8,562

7,403

4,670

Mortgage revenue bonds held in trust, at fair value (Note 6)

734,245

743,587

747,157

700,955

656,062

645,258

678,700

673,152

681,201

710,867

739,967

741,181

731,091

590,194

605,595

587,291

535,399

536,316

499,197

408,239

426,022

378,423

232,306

232,276

216,371

154,914

158,419

130,391

99,534

100,178

98,707

-

109,152

-

-

-

Mortgage revenue bonds, at fair value (Note 6)

26,836

30,009

30,125

58,571

82,984

86,894

63,765

-

-

77,971

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage revenue bonds, at fair value (Note 6)

-

-

-

-

-

-

-

94,477

74,758

-

39,346

26,947

27,814

90,016

22,770

61,105

60,977

47,366

28,247

140,695

81,875

70,601

124,006

84,195

68,946

48,161

-

-

45,703

-

-

-

-

-

-

-

Tax-exempt mortgage revenue bonds, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,695

76,467

-

38,623

38,138

-

26,542

-

-

-

Public housing capital fund trust certificates, at fair value (Note 7)

-

43,349

44,684

46,516

46,406

48,672

48,741

49,070

48,939

49,641

54,913

55,791

55,851

57,158

60,859

62,180

60,505

60,707

59,876

58,991

60,272

61,263

64,997

62,070

62,056

61,793

62,759

64,613

65,389

66,163

-

-

0

-

-

-

Mortgage-backed securities, at fair value (Note 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,775

-

-

-

14,841

-

-

37,845

-

-

-

32,121

-

-

-

-

-

-

-

Available-for-sale Securities, Fair Value Disclosure, Mortgage-backed Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,681

14,647

14,884

-

37,878

39,922

-

38,880

41,092

34,115

-

-

-

-

0

-

-

-

Real estate assets: (Note 8)
Land and improvements

4,900

4,906

4,900

4,971

4,971

4,971

4,974

7,518

7,414

7,319

10,798

10,729

13,626

17,354

16,983

14,946

17,983

17,887

15,277

12,597

15,590

13,753

11,081

11,081

9,245

-

-

-

11,202

-

-

-

-

-

-

-

Tax-exempt mortgage revenue bonds held in trust, at fair value (Notes 4 & 8)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

111,845

-

91,654

89,826

73,451

Tax-exempt mortgage revenue bonds, at fair value (Note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,730

-

47,435

47,478

27,115

Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,491

12,488

11,221

-

12,895

13,802

13,343

8,313

13,446

13,905

12,946

Buildings and improvements

72,052

72,011

72,003

71,952

71,949

71,897

71,819

79,378

79,130

78,953

105,323

105,178

105,088

113,089

113,425

105,768

139,232

139,153

139,167

103,858

132,000

110,706

127,458

120,982

90,253

115,981

112,059

96,004

93,615

112,488

114,355

112,843

82,261

114,414

110,708

91,802

Real estate assets before accumulated depreciation

76,953

76,917

76,903

76,924

76,921

76,868

76,794

86,896

86,545

86,272

116,122

115,907

118,715

130,443

130,408

120,714

157,215

157,041

154,445

116,456

147,590

124,459

138,540

132,064

99,498

128,472

124,547

107,226

104,818

125,384

128,157

126,187

90,574

127,860

124,614

104,749

Accumulated depreciation

16,064

15,357

14,650

13,906

13,088

12,272

11,457

11,403

10,484

9,580

17,623

16,367

15,101

16,217

14,980

13,682

17,670

16,023

14,490

14,845

26,327

14,108

21,584

20,368

9,386

23,138

21,772

20,519

19,330

21,813

22,402

21,063

15,305

19,580

18,349

23,467

Net real estate assets

60,888

61,559

62,253

63,017

63,832

64,596

65,337

75,492

76,060

76,692

98,498

99,540

103,613

114,226

115,427

107,032

139,545

141,017

139,955

101,611

121,263

110,351

116,955

111,696

90,112

105,334

102,775

86,706

85,488

103,571

105,754

105,124

75,268

108,279

106,264

81,282

Investments in unconsolidated entities (Note 9)

98,643

86,981

87,059

96,825

84,684

76,534

80,294

60,494

52,809

39,608

34,335

31,950

29,584

19,470

13,150

3,463

2,442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property loans, net of loan loss allowance (Note 10)

7,999

7,999

7,999

7,593

7,593

15,961

23,817

28,930

29,430

29,513

31,194

31,603

30,964

29,763

-

-

-

22,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property loans, net of loan loss allowance (Note 11)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,181

28,603

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale, net (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,745

-

-

-

-

-

13,204

-

-

-

0

9,972

9,963

32,580

8,224

6,698

7,287

37,494

-

-

-

Other assets (Note 12)

5,238

5,062

4,940

4,834

4,954

4,515

6,950

6,408

7,026

7,348

9,613

9,400

8,647

8,795

18,996

23,907

42,992

12,944

34,817

29,383

30,564

26,719

25,054

18,342

24,173

13,353

11,739

11,004

8,216

8,289

8,552

9,287

9,541

14,212

20,098

16,558

Assets held for sale (Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,180

13,052

-

-

-

-

13,748

-

-

-

-

-

-

-

-

-

-

-

Total Assets

977,516

1,029,168

1,033,501

1,000,679

993,198

982,713

1,001,216

1,023,530

1,033,499

1,069,767

1,053,195

1,024,826

1,023,531

944,113

913,325

945,688

874,452

867,110

838,400

779,766

772,732

739,823

653,345

610,882

534,233

450,054

466,128

442,046

413,150

395,659

353,146

298,724

297,976

297,409

293,871

241,607

Liabilities:
Accounts payable, accrued expenses and other liabilities (Note 13)

9,465

9,036

9,592

8,226

9,030

7,543

7,831

7,837

7,752

8,494

8,297

7,197

7,871

7,255

6,121

6,546

5,555

5,667

6,468

4,987

4,995

4,123

11,718

6,733

4,963

5,160

4,537

5,445

5,013

3,660

3,596

3,058

2,465

3,516

3,076

3,528

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

2,600

-

-

4,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution payable

7,604

7,607

8,869

7,663

8,393

7,576

9,652

7,632

7,632

8,423

7,607

7,623

8,678

8,017

7,890

9,683

7,607

8,759

7,895

8,436

7,607

7,617

7,819

8,295

6,446

5,400

5,870

5,400

5,566

5,705

5,562

3,803

3,911

3,803

3,866

3,803

Unsecured lines of credit (Note 14)

12,540

13,200

13,200

23,200

35,659

35,659

28,465

49,540

50,000

50,000

12,471

-

-

40,000

-

23,997

27,984

17,497

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured line of credit, net (Note 16)

-

-

-

-

-

-

-

-

-

-

-

-

-

19,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt financing, net (Note 15)

500,385

536,197

538,812

519,348

508,248

505,663

544,718

542,172

550,425

558,328

594,635

597,465

598,123

495,383

457,282

430,063

-

451,496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgages payable and other secured financing, net (Note 16)

26,689

26,802

27,049

-

-

27,454

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt financing (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341,619

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,425

48,833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due upon settlement of Live 929 Apartments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt financing (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

430,307

-

447,606

366,145

379,307

-

244,468

257,511

257,274

226,569

225,447

194,267

177,948

153,184

104,328

112,537

112,673

109,187

106,323

95,608

Mortgages payable and other secured financing, net (Note 16)

-

-

-

27,127

27,373

-

27,681

35,212

35,453

35,540

50,579

50,778

51,175

51,379

51,826

52,067

69,053

69,247

68,494

68,694

76,445

76,032

69,547

64,950

57,087

51,802

46,486

46,558

39,119

39,178

43,231

41,752

35,464

43,667

41,608

10,645

Derivative swaps, at fair value (Note 16)

-

-

-

-

-

-

26

129

341

826

1,196

1,283

1,228

1,339

2,497

2,647

2,227

1,317

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale (Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

503

-

-

-

0

141

115

1,531

4,870

6,131

6,166

11,872

-

-

-

Bond Purchase Commitment - Fair Market Value Adjustment - Liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

4,852

-

-

-

-

-

-

-

-

-

-

-

Derivative Assets (Liabilities), at Fair Value, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,539

-742

-1,165

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities of discontinued operations (Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

516

445

-

-

-

-

487

-

-

-

-

-

-

-

-

-

-

-

Bond Purchase Commitment - Fair Market Value Adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,362

-

4,865

-

-

0

-

-

-

-

-

-

-

Total Liabilities

556,684

592,843

597,524

585,565

588,704

583,897

618,376

642,525

651,607

661,613

674,788

664,347

669,677

623,191

525,618

529,104

542,735

553,985

538,946

498,285

469,522

429,896

368,553

338,852

331,110

293,797

282,482

251,788

229,179

206,599

162,851

167,317

166,387

160,175

154,875

113,585

Commitments and Contingencies (Note 18)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Redeemable Series A Preferred Units, approximately $94.5 million redemption value, 9.5 million issued and outstanding, net (Note 19)

94,395

94,386

94,377

94,368

94,359

94,350

94,341

94,332

94,323

94,314

76,855

56,894

56,890

40,788

33,799

23,819

9,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Partnersʼ Capital:
General Partner (Note 1)

601

735

731

507

401

344

195

180

185

437

331

351

296

102

821

1,195

527

399

473

294

512

578

323

193

16

84

5

69

-430

-367

-364

-354

-354

-298

-282

-280

Beneficial Unit Certificates ("BUCs," Note 1)

325,834

341,203

340,867

320,238

309,733

304,121

288,304

286,492

287,384

313,403

301,220

303,232

296,667

280,026

353,081

391,563

321,203

312,720

320,116

302,360

323,952

330,457

305,190

292,416

223,573

182,079

207,855

214,252

207,383

213,005

213,861

154,826

154,911

160,388

162,034

161,389

Unallocated deficit of Consolidated VIEs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21,143

-21,169

-21,237

21,091

-20,710

-20,568

-20,455

-25,897

-25,578

-25,276

-25,035

-24,525

-24,011

-23,752

-23,512

-23,163

-22,920

-32,945

Total Partnersʼ Capital

326,435

341,938

341,599

320,746

310,134

304,465

288,499

286,673

287,569

313,840

301,552

303,584

296,963

280,129

353,902

392,758

321,730

313,119

299,446

281,485

303,227

309,943

284,803

272,041

203,134

156,266

182,281

189,044

181,917

188,113

189,485

130,718

131,044

136,925

138,832

128,162

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

5

5

5

7

-3

-16

-15

-11

-11

-11

-9

1,364

1,213

2,053

947

810

687

544

308

163

-141

Total Capital

-

-

-

-

-

-

-

-

-

-

301,552

303,584

296,963

280,133

353,907

392,764

321,735

313,124

299,453

281,481

303,210

309,927

284,791

272,030

203,122

156,257

183,645

190,258

183,970

189,060

190,295

131,406

131,589

137,234

138,995

128,021

Total Liabilities and Partnersʼ Capital

977,516

1,029,168

1,033,501

1,000,679

993,198

982,713

1,001,216

1,023,530

1,033,499

1,069,767

1,053,195

1,024,826

1,023,531

944,113

913,325

945,688

874,452

867,110

838,400

779,766

772,732

739,823

653,345

610,882

534,233

450,054

466,128

442,046

413,150

395,659

353,146

298,724

297,976

297,409

293,871

241,607