10-Q/A Filing

UNITED DEVELOPMENT FUNDING III, LP CIK: 1335732 Q2 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001144204-12-046763`
Period End Date	20120630
Filing Date	20120817
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	udf-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 64 Cash Flow Statement 68

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Limited partners' capital account, units authorized	`LimitedPartnersCapitalAccountUnitsAuthorized`	22.50M	shares	Point-in-time
Limited partners' capital account, units authorized	`LimitedPartnersCapitalAccountUnitsAuthorized`	22.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$646.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$815.19K	USD	Point-in-time
Limited partners' capital account, units issued	`LimitedPartnersCapitalAccountUnitsIssued`	18.58M	shares	Point-in-time
Limited partners' capital account, units issued	`LimitedPartnersCapitalAccountUnitsIssued`	18.33M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.53M	USD	Point-in-time
Limited Partners' capital account, units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	18.33M	shares	Point-in-time
Limited Partners' capital account, units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	18.58M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.52M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$6.21M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$5.51M	USD	Point-in-time
Accrued interest receivable - related parties	`AccruedInterestReceivablesRelatedParty`	$2.62M	USD	Point-in-time
Accrued interest receivable - related parties	`AccruedInterestReceivablesRelatedParty`	$8.87M	USD	Point-in-time
Accounts receivable - related parties	`AccountsReceivableRelatedParties`	$323.99K	USD	Point-in-time
Accounts receivable - related parties	`AccountsReceivableRelatedParties`	$160.55K	USD	Point-in-time
Mortgage notes receivable, net	`NotesReceivableNet`	$224.47M	USD	Point-in-time
Mortgage notes receivable, net	`NotesReceivableNet`	$228.44M	USD	Point-in-time
Mortgage notes receivable - related parties, net	`NotesReceivableRelatedParties`	$52.03M	USD	Point-in-time
Mortgage notes receivable - related parties, net	`NotesReceivableRelatedParties`	$49.83M	USD	Point-in-time
Participation interest - related party, net	`ParticipationInterestRelatedPartyNet`	$66.07M	USD	Point-in-time
Participation interest - related party, net	`ParticipationInterestRelatedPartyNet`	$66.15M	USD	Point-in-time
Other assets	`OtherAssets`	$83.70K	USD	Point-in-time
Other assets	`OtherAssets`	$114.30K	USD	Point-in-time
Total assets	`Assets`	$362.17M	USD	Point-in-time
Total assets	`Assets`	$355.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$193.29K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$133.08K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$122.08K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$205.47K	USD	Point-in-time
Accrued liabilities - related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$3.51M	USD	Point-in-time
Accrued liabilities - related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$3.18M	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Distributions payable	`DividendsPayableCurrentAndNoncurrent`	$1.55M	USD	Point-in-time
Line-of-credit	`LineOfCredit`	$15.00M	USD	Point-in-time
Line-of-credit	`LineOfCredit`	$15.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.44M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Limited partners' capital: 22,500,000 units authorized; 18,575,098 units issued and outstanding at June 30, 2012 and 18,326,511 units issued and outstanding at December 31, 2011	`LimitedPartnersCapitalAccount`	$335.49M	USD	Point-in-time
Limited partners' capital: 22,500,000 units authorized; 18,575,098 units issued and outstanding at June 30, 2012 and 18,326,511 units issued and outstanding at December 31, 2011	`LimitedPartnersCapitalAccount`	$343.34M	USD	Point-in-time
General partners' capital	`GeneralPartnersCapitalAccount`	$34.36K	USD	Point-in-time
General partners' capital	`GeneralPartnersCapitalAccount`	$395.18K	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$335.52M	USD	Point-in-time
Total partners' capital	`PartnersCapital`	$343.73M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$362.17M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$355.98M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$8.78M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$17.56M	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$16.98M	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$8.56M	USD	1 Quarter
Interest income - related parties	`InterestIncomeRelatedParty`	$7.38M	USD	2 Qtrs
Interest income - related parties	`InterestIncomeRelatedParty`	$8.05M	USD	2 Qtrs
Interest income - related parties	`InterestIncomeRelatedParty`	$3.68M	USD	1 Quarter
Interest income - related parties	`InterestIncomeRelatedParty`	$4.02M	USD	1 Quarter
Interest income - related parties	`InterestIncomeRelatedParty`	$15.20M	USD	Annual
Mortgage and transaction service revenues	`MortgageAndTransactionServiceRevenuesExcludingRelatedParty`	$166.25K	USD	1 Quarter
Mortgage and transaction service revenues	`MortgageAndTransactionServiceRevenuesExcludingRelatedParty`	$415.83K	USD	1 Quarter
Mortgage and transaction service revenues	`MortgageAndTransactionServiceRevenuesExcludingRelatedParty`	$251.93K	USD	2 Qtrs
Mortgage and transaction service revenues	`MortgageAndTransactionServiceRevenuesExcludingRelatedParty`	$792.88K	USD	2 Qtrs
Mortgage and transaction service revenues - related parties	`MortgageAndTransactionServiceRevenuesRelatedParty`	$378.58K	USD	2 Qtrs
Mortgage and transaction service revenues - related parties	`MortgageAndTransactionServiceRevenuesRelatedParty`	$165.67K	USD	1 Quarter
Mortgage and transaction service revenues - related parties	`MortgageAndTransactionServiceRevenuesRelatedParty`	$260.00K	USD	1 Quarter
Mortgage and transaction service revenues - related parties	`MortgageAndTransactionServiceRevenuesRelatedParty`	$1.00M	USD	Annual
Mortgage and transaction service revenues - related parties	`MortgageAndTransactionServiceRevenuesRelatedParty`	$519.21K	USD	2 Qtrs
Total revenues	`Revenues`	$26.25M	USD	2 Qtrs
Total revenues	`Revenues`	$13.13M	USD	1 Quarter
Total revenues	`Revenues`	$25.67M	USD	2 Qtrs
Total revenues	`Revenues`	$12.91M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$373.97K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$743.84K	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$747.95K	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$373.97K	USD	1 Quarter
Loan loss reserve expense	`ProvisionForLoanLossesExpensed`	$279.77K	USD	2 Qtrs
Loan loss reserve expense	`ProvisionForLoanLossesExpensed`	$139.84K	USD	1 Quarter
Loan loss reserve expense	`ProvisionForLoanLossesExpensed`	$249.27K	USD	2 Qtrs
Loan loss reserve expense	`ProvisionForLoanLossesExpensed`	$126.22K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpenseExcludingRelatedParty`	$377.12K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpenseExcludingRelatedParty`	$561.65K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpenseExcludingRelatedParty`	$264.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpenseExcludingRelatedParty`	$468.00K	USD	2 Qtrs
General and administrative - related parties	`GeneralAndAdministrativeExpenseRelatedParty`	$2.70M	USD	Annual
General and administrative - related parties	`GeneralAndAdministrativeExpenseRelatedParty`	$688.85K	USD	1 Quarter
General and administrative - related parties	`GeneralAndAdministrativeExpenseRelatedParty`	$1.38M	USD	2 Qtrs
General and administrative - related parties	`GeneralAndAdministrativeExpenseRelatedParty`	$1.33M	USD	2 Qtrs
General and administrative - related parties	`GeneralAndAdministrativeExpenseRelatedParty`	$670.85K	USD	1 Quarter
Total expenses	`TotalExpenses`	$1.58M	USD	1 Quarter
Total expenses	`TotalExpenses`	$2.80M	USD	2 Qtrs
Total expenses	`TotalExpenses`	$2.97M	USD	2 Qtrs
Total expenses	`TotalExpenses`	$1.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.88M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$171.40M	USD	Point-in-time
Earnings allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$20.50M	USD	2 Qtrs
Earnings allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$20.86M	USD	2 Qtrs
Earnings allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$10.36M	USD	1 Quarter
Earnings allocated to limited partners	`NetIncomeLossAllocatedToLimitedPartners`	$10.28M	USD	1 Quarter
Earnings per limited partnership unit, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.14	USD	2 Qtrs
Earnings per limited partnership unit, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.57	USD	1 Quarter
Earnings per limited partnership unit, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.13	USD	2 Qtrs
Earnings per limited partnership unit, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.56	USD	1 Quarter
Weighted average limited partnership units outstanding (in shares)	`WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted`	17.91M	shares	2 Qtrs
Weighted average limited partnership units outstanding (in shares)	`WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted`	18.44M	shares	2 Qtrs
Weighted average limited partnership units outstanding (in shares)	`WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted`	18.50M	shares	1 Quarter
Weighted average limited partnership units outstanding (in shares)	`WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted`	17.98M	shares	1 Quarter
Distributions per weighted average limited partnership units outstanding (in dollars per share)	`DistributionsPerLimitedPartnershipUnitOutstanding`	$0.49	USD	1 Quarter
Distributions per weighted average limited partnership units outstanding (in dollars per share)	`DistributionsPerLimitedPartnershipUnitOutstanding`	$0.98	USD	2 Qtrs
Distributions per weighted average limited partnership units outstanding (in dollars per share)	`DistributionsPerLimitedPartnershipUnitOutstanding`	$0.97	USD	2 Qtrs
Distributions per weighted average limited partnership units outstanding (in dollars per share)	`DistributionsPerLimitedPartnershipUnitOutstanding`	$0.49	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$22.88M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$171.40M	USD	Point-in-time
Provision for loan losses	`ProvisionForLoanLossesExpensed`	$279.77K	USD	2 Qtrs
Provision for loan losses	`ProvisionForLoanLossesExpensed`	$139.84K	USD	1 Quarter
Provision for loan losses	`ProvisionForLoanLossesExpensed`	$249.27K	USD	2 Qtrs
Provision for loan losses	`ProvisionForLoanLossesExpensed`	$126.22K	USD	1 Quarter
Amortization	`OtherDeferredCostAmortizationExpense`	$80.27K	USD	2 Qtrs
Amortization	`OtherDeferredCostAmortizationExpense`	$90.02K	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-704.43K	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$753.43K	USD	2 Qtrs
Accrued interest receivable - related parties	`IncreaseDecreaseInAccruedInterestReceivableRelatedParty`	$6.25M	USD	2 Qtrs
Accrued interest receivable - related parties	`IncreaseDecreaseInAccruedInterestReceivableRelatedParty`	$4.24M	USD	2 Qtrs
Accounts receivable - related parties	`IncreaseDecreaseInAccountsReceivableRelatedParty`	$-3.04K	USD	2 Qtrs
Accounts receivable - related parties	`IncreaseDecreaseInAccountsReceivableRelatedParty`	$163.43K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$120.61K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.59K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-60.22K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.07K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-83.39K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-81.60K	USD	2 Qtrs
Accrued liabilities - related parties	`IncreaseDecreaseInDueToRelatedParties`	$578.30K	USD	2 Qtrs
Accrued liabilities - related parties	`IncreaseDecreaseInDueToRelatedParties`	$-324.82K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$18.72M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.36M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$168.50M	USD	Point-in-time
Investments in mortgage notes receivable	`PaymentsToAcquireMortgageNotesReceivable`	$22.28M	USD	2 Qtrs
Investments in mortgage notes receivable	`PaymentsToAcquireMortgageNotesReceivable`	$14.57M	USD	2 Qtrs
Investments in mortgage notes receivable - related parties	`OriginationOfNotesReceivableFromRelatedParties`	$2.36M	USD	2 Qtrs
Investments in mortgage notes receivable - related parties	`OriginationOfNotesReceivableFromRelatedParties`	$2.31M	USD	2 Qtrs
Investments in participation interest - related party	`InvestmentsInParticipationInterestRelatedParty`	-	USD	2 Qtrs
Investments in participation interest - related party	`InvestmentsInParticipationInterestRelatedParty`	$-109.24K	USD	2 Qtrs
Receipts from mortgage notes receivable	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$13.14M	USD	2 Qtrs
Receipts from mortgage notes receivable	`ProceedsFromSaleAndCollectionOfMortgageNotesReceivable`	$10.32M	USD	2 Qtrs
Receipts from mortgage notes receivable - related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$4.55M	USD	2 Qtrs
Receipts from mortgage notes receivable - related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$5.92M	USD	2 Qtrs
Receipts from participation interest related - party	`RepaymentOfParticipationInterestRelatedParty`	$78.85K	USD	2 Qtrs
Receipts from participation interest related - party	`RepaymentOfParticipationInterestRelatedParty`	$74.81K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$7.97K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$7.84K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.99M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.56M	USD	2 Qtrs
Limited partner distributions	`LimitedPartnersCapitalAccountDistributionAmount`	$-17.37M	USD	2 Qtrs
Limited partner distributions	`LimitedPartnersCapitalAccountDistributionAmount`	$142.40M	USD	28 Qtrs
Limited partner distributions	`LimitedPartnersCapitalAccountDistributionAmount`	$-17.99M	USD	2 Qtrs
Limited partner distribution reinvestment	`DistributionReinvestment`	$5.49M	USD	2 Qtrs
Limited partner distribution reinvestment	`DistributionReinvestment`	$48.10M	USD	28 Qtrs
Limited partner distribution reinvestment	`DistributionReinvestment`	$5.22M	USD	2 Qtrs
Limited partner redemptions	`LimitedPartnerRedemption`	-	USD	2 Qtrs
Limited partner redemptions	`LimitedPartnerRedemption`	$-249.00K	USD	2 Qtrs
General partner distributions	`GeneralPartnersCapitalAccountDistributionAmount`	$-3.61M	USD	2 Qtrs
General partner distributions	`GeneralPartnersCapitalAccountDistributionAmount`	$-1.45M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.33M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.62M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-168.51K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.26M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.68K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$815.19K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$646.68K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$815.19K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.48M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$747.95K	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$752.05K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.