Quarterly report pursuant to Section 13 or 15(d)

Mortgages Receivable - Additional Information (Details)

v3.23.1
Mortgages Receivable - Additional Information (Details) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Jan. 31, 2023
Dec. 31, 2022
Mortgages Receivable        
Outstanding principal balance $ 288,401,750      
Interest income on debt 10,983,326 $ 8,511,375    
Aggregate amounts of loans funded 58,883,818 88,735,230    
Principal collections on mortgages receivable 39,884,300 $ 27,106,768    
Face amount of mortgages $ 29,919,097      
Default interest rate on mortgage loans 18.00%      
Less, CECL Allowance $ 2,082,000   $ 2,082,000 $ 105,000
Nonaccrual loans        
Mortgages Receivable        
Outstanding principal balance 97,106,984     55,691,857
Interest income on debt $ 649,347      
New Haven Bank Mortgage        
Mortgages Receivable        
Outstanding principal balance       $ 750,000
Mortgage Concentration Risk | Revenue Benchmark | No borrower        
Mortgages Receivable        
Loans outstanding (in percent) 10.00%      
Minimum        
Mortgages Receivable        
Term of debt 1 year      
Interest rate (as a percent) 5.00%      
Maximum        
Mortgages Receivable        
Term of debt 3 years      
Interest rate (as a percent) 14.20%