10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-14-031095 |
| Period End Date | 20140331 |
| Filing Date | 20140515 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | udf-20140331.xml |
Filing Contents
This filing contains the following financial statements:
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
|
$1.97M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.85M | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
19.25M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.11M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$728.86K | USD | Point-in-time |
| Limited partners' capital account, units issued |
LimitedPartnersCapitalAccountUnitsIssued
|
19.13M | shares | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
19.25M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.37M | USD | Point-in-time |
| Limited Partners' capital account, units outstanding |
LimitedPartnersCapitalAccountUnitsOutstanding
|
19.13M | shares | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.38M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$6.32M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$9.24M | USD | Point-in-time |
| Accrued interest receivable - related parties |
AccruedInterestReceivablesRelatedParty
|
$1.25M | USD | Point-in-time |
| Accrued interest receivable - related parties |
AccruedInterestReceivablesRelatedParty
|
$2.98M | USD | Point-in-time |
| Accounts receivable - related parties |
AccountsReceivableRelatedParties
|
$297.79K | USD | Point-in-time |
| Accounts receivable - related parties |
AccountsReceivableRelatedParties
|
$296.63K | USD | Point-in-time |
| Notes receivable, net |
NotesReceivableNet
|
$255.72M | USD | Point-in-time |
| Notes receivable, net |
NotesReceivableNet
|
$254.97M | USD | Point-in-time |
| Notes receivable - related parties, net |
NotesReceivableRelatedParties
|
$26.16M | USD | Point-in-time |
| Notes receivable - related parties, net |
NotesReceivableRelatedParties
|
$27.75M | USD | Point-in-time |
| Participation interest - related party, net |
ParticipationInterestRelatedPartyNet
|
$70.84M | USD | Point-in-time |
| Participation interest - related party, net |
ParticipationInterestRelatedPartyNet
|
$70.84M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$169.21K | USD | Point-in-time |
| Other assets |
OtherAssets
|
$61.91K | USD | Point-in-time |
| Total assets |
Assets
|
$368.88M | USD | Point-in-time |
| Total assets |
Assets
|
$364.83M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$135.53K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$49.23K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$172.51K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrentAndNoncurrent
|
$167.43K | USD | Point-in-time |
| Accrued liabilities - related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$1.40M | USD | Point-in-time |
| Accrued liabilities - related parties |
DueToRelatedPartiesCurrentAndNoncurrent
|
$1.74M | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
- | USD | Point-in-time |
| Distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$85.06K | USD | Point-in-time |
| Lines-of-credit |
LineOfCredit
|
$10.00M | USD | Point-in-time |
| Lines-of-credit |
LineOfCredit
|
$10.00M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$12.04M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$11.71M | 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; 19,246,323 units issued and outstanding at March 31, 2014 and 19,131,748 units issued and outstanding at December 31, 2013 |
LimitedPartnersCapitalAccount
|
$356.44M | USD | Point-in-time |
| Limited partners capital: 22,500,000 units authorized; 19,246,323 units issued and outstanding at March 31, 2014 and 19,131,748 units issued and outstanding at December 31, 2013 |
LimitedPartnersCapitalAccount
|
$353.12M | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$402.72K | USD | Point-in-time |
| General partner's capital |
GeneralPartnersCapitalAccount
|
$109.00 | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$356.84M | USD | Point-in-time |
| Total partners' capital |
PartnersCapital
|
$353.12M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$368.88M | USD | Point-in-time |
| Total liabilities and partners' capital |
LiabilitiesAndStockholdersEquity
|
$364.83M | USD | Point-in-time |
Income Statement
33 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest income |
InterestIncomeOperating
|
$8.98M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$9.66M | USD | 1 Quarter |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$2.55M | USD | 1 Quarter |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$4.21M | USD | 1 Quarter |
| Interest income - related parties |
InterestIncomeRelatedParty
|
$15.20M | USD | Annual |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$106.29K | USD | 1 Quarter |
| Mortgage and transaction service revenues |
MortgageAndTransactionServiceRevenuesExcludingRelatedParty
|
$84.01K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$80.99K | USD | 1 Quarter |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$246.00K | USD | Annual |
| Mortgage and transaction service revenues - related parties |
MortgageAndTransactionServiceRevenuesRelatedParty
|
$96.37K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$12.40M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$13.37M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$216.85K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$338.01K | USD | 1 Quarter |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$134.74K | USD | 1 Quarter |
| Loan loss reserve expense |
ProvisionForLoanLossesExpensed
|
$142.56K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$201.57K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpenseExcludingRelatedParty
|
$232.63K | USD | 1 Quarter |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$5.40M | USD | Annual |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$692.20K | USD | 1 Quarter |
| General and administrative - related parties |
GeneralAndAdministrativeExpenseRelatedParty
|
$396.17K | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$980.39K | USD | 1 Quarter |
| Total expenses |
TotalExpenses
|
$1.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$11.42M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$12.00M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.75M | USD | 1 Quarter |
| Earnings allocated to limited partners |
NetIncomeLossAllocatedToLimitedPartners
|
$10.23M | USD | 1 Quarter |
| Earnings per weighted average limited partnership units outstanding, basic and diluted (in dollars per units) |
EarningsPerShareBasicAndDiluted
|
$0.53 | USD | 1 Quarter |
| Earnings per weighted average limited partnership units outstanding, basic and diluted (in dollars per units) |
EarningsPerShareBasicAndDiluted
|
$0.57 | USD | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
19.18M | shares | 1 Quarter |
| Weighted average limited partnership units outstanding (in shares) |
WeightedAverageLimitedPartnershipUnitsOutstandingBasicAndDiluted
|
18.88M | shares | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per units) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.48 | USD | 1 Quarter |
| Distributions per weighted average limited partnership units outstanding (in dollars per units) |
DistributionsPerLimitedPartnershipUnitOutstanding
|
$0.48 | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$11.42M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$12.00M | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$134.74K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$142.56K | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$19.63K | USD | 1 Quarter |
| Amortization |
AmortizationOfIntangibleAssets
|
$44.13K | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$2.91M | USD | 1 Quarter |
| Accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$6.52M | USD | 1 Quarter |
| Accrued interest receivable - related parties |
IncreaseDecreaseInAccruedInterestReceivableRelatedParty
|
$1.73M | USD | 1 Quarter |
| Accrued interest receivable - related parties |
IncreaseDecreaseInAccruedInterestReceivableRelatedParty
|
$-2.33M | USD | 1 Quarter |
| Accounts receivable - related parties |
IncreaseDecreaseInAccountsReceivableRelatedParty
|
$-1.17K | USD | 1 Quarter |
| Accounts receivable - related parties |
IncreaseDecreaseInAccountsReceivableRelatedParty
|
$-3.58K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$151.44K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$16.68K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-86.30K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$37.35K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-8.35K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-5.09K | USD | 1 Quarter |
| Accrued liabilities - related parties |
IncreaseDecreaseInDueToRelatedParties
|
$28.47K | USD | 1 Quarter |
| Accrued liabilities - related parties |
IncreaseDecreaseInDueToRelatedParties
|
$337.50K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$7.04M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$250.60M | USD | 35 Qtrs |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.02M | USD | 1 Quarter |
| Investments in notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$3.42M | USD | 1 Quarter |
| Investments in notes receivable |
PaymentsToAcquireMortgageNotesReceivable
|
$5.09M | USD | 1 Quarter |
| Investments in notes receivable - related parties |
OriginationOfNotesReceivableFromRelatedParties
|
$78.80K | USD | 1 Quarter |
| Investments in notes receivable - related parties |
OriginationOfNotesReceivableFromRelatedParties
|
$2.25M | USD | 1 Quarter |
| Investments in participation interest - related party |
InvestmentsInParticipationInterestRelatedParty
|
- | USD | 1 Quarter |
| Investments in participation interest - related party |
InvestmentsInParticipationInterestRelatedParty
|
$2.60M | USD | 1 Quarter |
| Receipts from notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$3.77M | USD | 1 Quarter |
| Receipts from notes receivable |
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
$2.54M | USD | 1 Quarter |
| Receipts from notes receivable - related parties |
RepaymentOfNotesReceivableFromRelatedParties
|
$1.67M | USD | 1 Quarter |
| Receipts from notes receivable - related parties |
RepaymentOfNotesReceivableFromRelatedParties
|
$1.01M | USD | 1 Quarter |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
- | USD | 1 Quarter |
| Receipts from participation interest - related party |
RepaymentOfParticipationInterestRelatedParty
|
$2.67M | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$2.38K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$3.89K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$702.77K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.50M | USD | 1 Quarter |
| Net payments on lines-of-credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Net payments on lines-of-credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-1.25M | USD | 1 Quarter |
| Limited partner distributions, net of limited partner distribution reinvestment |
DistributionReinvestment
|
$-6.82M | USD | 1 Quarter |
| Limited partner distributions, net of limited partner distribution reinvestment |
DistributionReinvestment
|
$-6.57M | USD | 1 Quarter |
| Limited partner distributions, net of limited partner distribution reinvestment |
DistributionReinvestment
|
$65.70 | USD | 35 Qtrs |
| Limited partner redemptions |
LimitedPartnerRedemption
|
- | USD | 1 Quarter |
| Limited partner redemptions |
LimitedPartnerRedemption
|
$-91.40K | USD | 1 Quarter |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-697.48K | USD | 1 Quarter |
| General partner distributions |
GeneralPartnersCapitalAccountDistributionAmount
|
$-817.69K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.61M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-8.64M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$138.71K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.13M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.97M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.85M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.11M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$728.86K | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.97M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.85M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.11M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$728.86K | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$291.78K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$339.04K | USD | 1 Quarter |
| Limited partner distribution reinvestment |
LimitedPartnerDistributionReinvestment
|
$2.38M | USD | 1 Quarter |
| Limited partner distribution reinvestment |
LimitedPartnerDistributionReinvestment
|
$2.49M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.