Greystone Housing Impact Investors LP
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
GHI$3.99-7.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| For the Three Months Ended June 30, · For the Six Months Ended June 30, | |||||||
|---|---|---|---|---|---|---|---|
| 2024 · 2023 · 2024 · 2023 | |||||||
| Revenues: | |||||||
| Investment income | $19,827,388 | $22,415,771 | $39,099,733 | $41,718,456 | |||
| Other interest income | 2,070,487 | 4,646,347 | 5,074,325 | 9,056,012 | |||
| Property revenues | - | 1,108,356 | - | 2,333,976 | |||
| Other income | 71,296 | 133,467 | 165,767 | 133,467 | |||
| Total revenues | 21,969,171 | 28,303,941 | 44,339,825 | 53,241,911 | |||
| Expenses: | |||||||
| Real estate operating (exclusive of items shown below) | - | 614,692 | - | 1,216,945 | |||
| Provision for credit losses (Note 10) | 19,692 | (774,000) | (786,308) | (1,319,000) | |||
| Depreciation and amortization | 5,966 | 405,408 | 11,933 | 810,389 | |||
| Interest expense | 14,898,265 | 17,602,230 | 28,702,200 | 34,290,592 | |||
| Net result from derivative transactions (Note 15) | (1,884,934) | (8,613,747) | (8,152,598) | (7,330,611) | |||
| General and administrative | 4,821,427 | 5,109,419 | 9,751,815 | 10,182,006 | |||
| Total expenses | 17,860,416 | 14,344,002 | 29,527,042 | 37,850,321 | |||
| Other Income: | |||||||
| Gain on sale of real estate assets | 63,739 | - | 63,739 | - | |||
| Gain on sale of mortgage revenue bond | 1,012,581 | - | 1,012,581 | - | |||
| Gain on sale of investments in unconsolidated entities | 6,986 | 7,326,084 | 56,986 | 22,693,013 | |||
| Earnings (losses) from investments in unconsolidated entities | (14,711) | - | (121,556) | - | |||
| Income before income taxes | 5,177,350 | 21,286,023 | 15,824,533 | 38,084,603 | |||
| Income tax expense (benefit) | (786) | (1,149) | (1,984) | 6,209 | |||
| Net income | 5,178,136 | 21,287,172 | 15,826,517 | 38,078,394 | |||
| Redeemable Preferred Unit distributions and accretion | (741,477) | (799,182) | (1,508,718) | (1,545,832) | |||
| Net income available to Partners | $4,436,659 | $20,487,990 | $14,317,799 | $36,532,562 | |||
| Net income available to Partners allocated to: | |||||||
| General Partner | $44,297 | $1,010,088 | $142,608 | $3,489,146 | |||
| Limited Partners - BUCs | 4,323,465 | 19,323,960 | 14,048,562 | 32,814,794 | |||
| Limited Partners - Restricted units | 68,897 | 153,942 | 126,629 | 228,622 | |||
| $4,436,659 | $20,487,990 | $14,317,799 | $36,532,562 | ||||
| BUC holders' interest in net income per BUC, basic and diluted | $0.19 | $0.84 | ** | $0.61 | * | $1.43 | ** |
| Weighted average number of BUCs outstanding, basic | 23,083,387 | 22,924,031 | ** | 23,042,071 | * | 22,924,056 | ** |
| Weighted average number of BUCs outstanding, diluted | 23,083,387 | 22,924,031 | ** | 23,042,071 | * | 22,924,056 | ** |
- The amounts indicated in the Condensed Consolidated Statements of Operations have been adjusted to reflect the First Quarter 2024 BUCs Distribution on a retroactive basis.
** The amounts indicated in the Condensed Consolidated Statements of Operations have been adjusted to reflect the BUCs Distributions on a retroactive basis.
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