First Hartford (FHRT) 10-K 25 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Apr. 30, 2013	Mar. 05, 2014	Oct. 31, 2012
Document and Entity Information:	'	'	'
Entity Registrant Name	'FIRST HARTFORD CORP	'	'
Document Type	'10-K	'	'
Document Period End Date	30-Apr-13	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0000036369	'	'
Current Fiscal Year End Date	'--04-30	'	'
Entity Common Stock, Shares Outstanding	'	2,412,611	'
Entity Public Float	'	'	$1,251,772
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Real estate and equipment:	'	'
Developed properties (including $70,735,840 in 2013 and $70,644,959 in 2012 for VIEs)	$202,050,054	$192,263,331
Equipment and tenant improvements (including $2,084,461 in 2013 and $2,004,014 in 2012 for VIEs)	3,458,587	2,942,873
Total Real estate and equipment, Gross	205,508,641	195,206,204
Less accumulated depreciation and amortization (including $7,781,281 in 2013 and $5,722,182 in 2012 for VIEs)	31,695,129	26,501,667
Net Real estate and equipment	173,813,512	168,704,537
Property under construction (including $391,905 in 2013 and $420,743 in 2012 for VIEs)	613,200	6,773,627
Total Real estate and equipment, Net	174,426,712	175,478,164
Cash and cash equivalents (including $2,052,427 in 2013 and $27,385 in 2012 for VIEs)	8,346,956	6,599,325
Cash and cash equivalents - restricted (including $412,518 in 2013 and $391,938 in 2012 for VIEs)	1,272,924	849,890
Marketable securities (including $1,424,072 in 2013 and $155,799 in 2012 for VIEs)	4,846,778	2,006,964
Accounts and notes receivable, less allowance for doubtful accounts of $508,700 in 2013 and $427,500 in 2012 (including $126,408 in 2013 and $172,899 in 2012 for VIE's)	3,684,774	3,938,226
Other receivables	8,744,470	8,600,078
Deposits and escrow accounts (including $2,824,785 in 2013 and $5,954,372 in 2012 for VIEs)	5,222,827	8,465,039
Prepaid expenses (including $178,762 in 2013 and $232,200 in 2012 for VIEs)	571,775	660,270
Deferred expenses, net (including $1,091,734 in 2013 and $1,216,492 in 2012 for VIEs)	2,983,819	2,957,117
Investment in affiliates	100	0
Due from related parties and affiliates	165,188	167,259
Total assets	210,266,323	209,722,332
Mortgages and other notes payable:	'	'
Construction loans payable (including $0 in 2013 and $24,289,341 in 2012 for VIEs)	52,847,132	74,026,262
Mortgages payable (including $54,335,209 in 2013 and $33,795,664 in 2012 for VIEs)	146,327,723	127,508,072
Notes payable - other (including $1,704,697 in 2013 and $2,004,697 in 2012 for VIEs)	3,534,301	4,283,654
Total Mortgages and other notes payable	202,709,156	205,817,988
Accounts payable (including $434,309 in 2013 and $801,911 in 2012 for VIEs)	1,853,976	3,006,427
Other payables	6,832,367	6,102,294
Accrued liabilities (including $2,648,075 in 2013 and $2,367,143 in 2012 for VIEs)	4,866,430	5,044,902
Accrued cost of derivatives	3,656,380	4,013,042
Deferred income (including $247,856 in 2013 and $214,217 in 2012 for VIEs)	455,475	480,678
Other liabilities	2,198,045	2,453,918
Due to related parties and affiliates (including $377,775 in 2013 and $357,191 in 2012 for VIEs)	449,757	429,044
Total liabilities	223,021,586	227,348,293
Commitments and Contingencies	'	'
First Hartford Corporation	'	'
Preferred stock, $1 par value; $.50 cumulative and convertible; authorized 4,000,000 shares; no shares outstanding	0	0
Common stock, $1 par value; authorized 6,000,000 shares: issued 3,298,609 in 2013 and 2012, outstanding 2,416,825 and 2,423,202 in 2013 and 2012, respectively	3,298,609	3,298,609
Capital in excess of par	5,198,928	5,198,928
Accumulated deficit	-22,553,780	-22,714,515
Accumulated other comprehensive income (loss)	146,666	-28,748
Treasury stock, at cost, 881,784 and 875,407 shares in 2013 and 2012, respectively	-4,952,574	-4,943,289
Total First Hartford Corporation	-18,862,151	-19,189,015
Noncontrolling interests	6,106,888	1,563,054
Total shareholders' equity (deficiency)	-12,755,263	-17,625,961
Total liabilities and shareholders' equity (deficiency)	$210,266,323	$209,722,332

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS PARENTHETICALS (USD $)	Apr. 30, 2013	Apr. 30, 2012
BALANCE SHEETS PARENTHETICALS	'	'
Developed properties	$70,735,840	$70,644,959
Equipment and tenant improvements	2,084,461	2,004,014
Accumulated depreciation and amortization	7,781,281	5,722,182
Property under construction	391,905	420,743
Cash and cash equivalents	2,052,427	27,385
Cash and cash equivalents - restricted	412,518	391,938
Marketable securities	1,424,072	155,799
Accounts and Receivable	126,408	172,899
Allowance for doubtful accounts and notes receivable	0	0
Deposits, escrows, prepaid and deferred expenses, net	2,824,785	5,954,372
Prepaid expenses	178,762	232,200
Deferred expenses,	1,091,734	1,216,492
Construction loans payable	0	24,289,341
Mortgages payable.	54,335,209	33,795,664
Notes payable	1,704,697	2,004,697
Accounts payable	434,309	801,911
Accrued liabilities	2,648,075	2,367,143
Deferred income	247,856	214,217
Due to Related parties and affiliates	$377,775	$357,191
Preferred Stock, shares authorized (in shares)	4,000,000	4,000,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock, shares outstanding (in shares)	0	0
Common Stock, shares authorized (in shares)	6,000,000	6,000,000
Common Stock, shares issued (in shares)	3,298,609	3,298,609
Common Stock, shares outstanding (in shares)	2,416,825	2,423,202
Treasury Stock at Cost, shares (in shares)	881,784	875,407

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Statement of Other Comprehensive Income	'	'
Consolidated net loss	$125,680	($2,698,795)
Unrealized gains (losses) on marketable securities	330,960	-18,413
Other comprehensive income (loss)	456,640	-2,717,208
Net loss	33,279	921,026
Unrealized gain(loss) on marketable securities	-155,546	18,788
Comprehensive loss	-122,267	939,814
Comprehensive income (loss) attributable to First Hartford Corporation	$334,373	($1,777,394)

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Revenues:	'	'
Rental income	$28,276,204	$27,525,229
Service income	7,540,019	7,780,090
Sales of real estate	2,385,000	1,559,658
Other income	1,099,192	476,962
Total Operating revenues	39,300,415	37,341,939
Operating costs and expenses:	'	'
Rental expenses	18,594,461	17,616,277
Service expenses	4,725,887	3,760,385
Cost of real estate sales	1,221,627	968,061
Selling, general and administrative expenses	4,717,697	4,195,429
Total Operating costs and expenses	29,259,672	26,540,152
Income from operations	10,040,743	10,801,787
Non-operating income (expense):	'	'
Equity in earnings of unconsolidated subsidiaries	434,372	358,453
Other non operating income	383,155	319,120
Gain (loss) on derivatives	356,662	-1,333,944
Interest expense	-11,024,267	-11,560,741
Total Non-operating income (expense)	-9,850,078	-12,217,112
Income (loss) before income taxes	190,665	-1,415,325
Income taxes	64,985	1,283,470
Consolidated net income (loss)	125,680	-2,698,795
Net loss attributable to noncontrolling interests	33,279	921,026
Net income (loss) attributable to First Hartford Corporation	$158,959	($1,777,769)
Shares used in basic per share computation	2,418,286	2,433,055
Shares used in diluted per share computation	2,521,227	2,433,055

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN DEFICIT (USD $)	Common Stock	Capital in execess of par	Accumulated Deficit	Accumulated other Comprehensive Income Loss	Treasury Stock	Total First Hartford Coporation	Noncontrolling Interests	Total
Restated Balance at Apr. 30, 2011	$3,298,609	$5,198,928	($20,944,545)	($29,121)	($4,923,836)	($17,399,965)	($1,733,080)	($19,133,045)
Contributions from noncontrolling interests, net	'	'	'	'	'	'	5,557,738	5,557,738
Equity adjustment for reversing equity method	'	'	7,799	'	'	7,799	'	7,799
Distribution	'	'	'	'	'	'	-1,321,790	-1,321,790
Purchase of treasury stock	'	'	'	'	-19,453	-19,453	'	-19,453
Net loss	'	'	-1,777,769	'	'	-1,777,769	-921,026	-2,698,795
Unrealized loss on marketable securities	'	'	'	373	'	373	-18,788	-18,415
Balance at Apr. 30, 2012	'	'	'	'	'	'	'	-17,625,961
Restated Balance at Apr. 30, 2012	3,298,609	5,198,928	-22,714,515	-28,748	-4,943,289	-19,189,015	1,563,054	-17,625,961
Restated Balance at Apr. 30, 2012	'	'	'	'	'	'	'	'
Contributions from noncontrolling interests, net	'	'	'	'	'	'	5,066,944	5,066,944
Equity adjustment for reversing equity method	'	'	1,776	'	'	1,776	'	1,776
Distribution	'	'	'	'	'	'	-645,377	-645,377
Purchase of treasury stock	'	'	'	'	-9,285	-9,285	'	-9,285
Net income (loss)	'	'	158,959	'	'	158,959	-33,279	125,680
Unrealized gain on marketable securities	'	'	'	175,414	'	175,414	155,546	330,960
Balance at Apr. 30, 2013	$3,298,609	$5,198,928	($22,553,780)	$146,666	($4,952,574)	($18,862,151)	$6,106,888	($12,755,263)

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Parentheticals (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Statement Of Cash Flows paretheticals	'	'
Distributions of equity in earnings of unconsolidated subsidiaries	$178,500	$162,500

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Operating activities:	'	'
Consolidated net income (loss)	$125,680	($2,698,795)
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:	'	'
Equity in earnings of unconsolidated subsidiaries, net of distributions of $178,500 in 2013 and $162,500 in 2012	-255,872	-195,953
Gains on sale of real estate	-1,163,373	-591,597
Depreciation and amortization of real estate and equipment	5,223,066	5,030,731
Amortization of deferred expenses	514,823	493,155
Deferred income taxes	0	1,238,000
Changes in operating assets and liabilities:	'	'
Accounts, notes and other receivables	109,060	4,141,681
Deposits and escrow accounts	3,242,212	680,177
Prepaid expenses	88,495	3,597
Deferred expenses	-541,525	433,466
Cash and cash equivalents-restricted	-423,034	-231,804
Accrued liabilities	-178,472	-2,513,185
Accrued cost of derivatives	3,656,380	4,013,042
Deferred income	-25,203	-171,452
Accounts and other payables	-422,377	279,488
Net cash provided by operating activities	5,936,818	7,231,454
Investing activities:	'	'
(Investments in) distributions from affiliates.	-100	0
Investments in marketable securities	-2,508,855	-267,603
Purchases of equipment and tenant improvements	-515,714	-227,876
Consolidation of formerly nonconsolidated entity	1,776	7,799
Proceeds from sales of real estate	2,385,000	1,559,658
Additions to developed properties and property under construction	-4,877,528	-9,070,442
Net cash used in investing activities	-5,515,421	-7,998,464
Financing activities:	'	'
Contributions from noncontrolling interests - limited partners	5,066,944	5,557,738
Purchase of treasury stock	-9,285	-19,453
Distribution to noncontrolling interests	-645,377	-1,321,790
Proceeds from:	'	'
Proceeds from Construction loans	3,510,210	8,235,550
Proceeds from Mortgages	22,114,256	550,000
Proceeds from Other notes	0	25,000
Principal payments on:	'	'
Repayments of Construction loans	-24,689,340	-6,687,971
Repayments of Mortgages	-3,294,605	-2,884,830
Repayments of Other notes	-749,353	-359,481
Advances to related parties and affiliates,	22,784	30,972
Net cash provided by financing activities	1,326,234	3,125,735
Net change in cash and cash equivalents	1,747,631	2,358,725
Cash and cash equivalents, beginning of year	6,599,325	4,240,600
Cash and equivalents, end of year	8,346,956	6,599,325
Cash paid during the year for interest	10,324,633	11,272,223
Cash paid during the year for income taxes	$147,942	$89,508

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2013
Summary of Significant Accounting Policies:	'
Summary of Significant Accounting Policies	'
	1.   Summary of Significant Accounting Policies:
	Description of Business
	First Hartford Corporation was incorporated in Maine in 1909 and is engaged in the purchase, development, ownership, management and sale of real estate, all of which is considered a single segment.  The Company has a second segment “Fee for Service” in which the Company is engaged as a preferred developer for CVS. (see Service Income to follow).
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of First Hartford Corporation (the “Company”), its wholly-owned subsidiaries, and all other entities in which the Company has a controlling interest, including those where the Company has been determined to be a primary beneficiary of a variable interest entity or meets certain criteria as a sole general partner or managing member in accordance with the consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification.  As such, included in the consolidated financial statements are the accounts of Rockland Place Apartments Limited Partnership and Clarendon Hill Somerville Limited Partnership.  The Company’s ownership percentage in these variable interest entity partnerships is nominal.  All intercompany balances and transactions have been eliminated in consolidation.
	Estimates
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	Financial Statement Presentation
	Because the Company is engaged in the development and sale of real estate at various stages of construction, the operating cycle may extend beyond one year.  Accordingly, following the usual practice of the real estate industry, the accompanying consolidated balance sheets are unclassified.
	Statements of Cash Flows
	For purposes of the statements of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
	Revenue Recognition
	Construction Revenue - The Company primarily develops real estate for its own use.  However, revenues from projects built for third parties are recognized on the percentage-of-completion method of accounting based on costs incurred to date in relation to total actual costs and estimated costs to complete.  Revisions in costs and profit estimates are reflected in operations during the accounting period in which the facts become known.  The Company provides for estimated losses on contracts in the year such losses become known.  Construction revenues were approximately $1,966,000 and $1,342,000 for the years ended April 30, 2013 and 2012. Such revenues are included in service income and relate primarily to a single contract which was completed prior to April 30, 2013.
	Sales of Real Estate – The Company recognizes sales of real estate as revenue upon the transfer of title and when substantially all performance requisites have been fulfilled.  For the years ended April 30, 2013 and 2012, the Company had sales of approximately $2,385,000 and $1,560,000, respectively.  The cost of the property sold was approximately $1,205,000 and $968,000 for 2013 and 2012, respectively.  None of the property sold was otherwise providing cash flows to the Company.
	Rental Income – Rental income is recognized on a straight-line basis over the terms of the respective leases and consists of base rent and reimbursements for certain costs such as real estate taxes, utilities, insurance, common maintenance and other recoverable costs as provided in the lease agreements.  There are no contingent rents. If conditions of rent are not met, certain tenants may have rights to pay percentage rent not to exceed stated rent. Currently there is one tenant on percentage rent.
	Service Income
	The Company is party to a Preferred Developer Agreement with CVS.  Under this agreement, the Company’s fee for such services provided is recognized as earned when services are provided. Fees earned related to the development of pharmacy stores for CVS during the years ended April 30, 2013 and 2012 were approximately $4,822,000 and $4,220,000 respectively, which is included in service income in the consolidated statements of operations.  These amounts include the fee on 21 and 19 stores respectively.
	The Company also provides management and maintenance services to others.  Fees for such services provided are recognized in service income as earned when services are provided.
	Other Receivables and Payables
	Pursuant to the Company’s Preferred Developer Agreement with CVS, the Company is obligated to fund allowable costs incurred in connection with the identification and development of new retail pharmacy stores for which it receives direct reimbursements from CVS.  Payables for allowable costs incurred in connection with these activities but not yet funded were $6,832,366 and $6,102,292 as of April 30, 2013 and 2012 respectively, and have been included as “other payables” in the consolidated balance sheets.  Related reimbursements due from CVS were $6,533,260 and $6,005,713 as of April 30, 2013 and 2012, respectively, and have been included in other receivables in the consolidated balance sheets.
	Cash and Cash Equivalents – Restricted
	Cash and cash equivalents – restricted, consist of funds received from CVS in connection with the Company’s Preferred Developer Agreement.  Such amounts are to be used for the payment of costs incurred by the Company for the development and construction of CVS retail pharmacy stores. The restricted cash also contains Tenant Security Deposits held by the VIEs.
	Developed Properties, Equipment and Tenant Improvements
	Developed properties, equipment and tenant improvements are recorded at cost.
	Depreciation and amortization are provided using the straight-line method based on the following estimated useful lives.
	Description	Years
	Developed properties	15 – 40
	Equipment	3 – 10
	Tenant improvements	Lesser of improvement life
		or lease term
	Expenditures for major renewals and betterments, which extend the useful lives of developed properties, equipment and tenant improvements, are capitalized.  Expenditures for maintenance and repairs are charged to operations as incurred.
	Property Under Construction
	The Company capitalizes costs directly associated with property under construction. Such costs include materials, construction labor and payroll cost, allocation of salaries and payroll cost from direct activities such as engineering, purchasing and legal and services provided by subcontractors. Material carrying costs for property taxes, insurance and interest are also capitalized during the period of active construction until construction is substantially complete.
	The Company capitalizes labor cost for direct work by offsite staff on specific projects.  In the year ended April 30, 2013 approximately $139,000 was capitalized.  For the year ended April 30, 2012 approximately $311,000 was capitalized.
	Deferred Expenses
	Expenditures directly related to real estate under consideration for development are deferred and included in deferred expenses in the consolidated balance sheets.  These costs include option payments, attorney’s fees, architect and engineering fees, consultants, etc., but only to the extent they are from outside sources.  If development of the real estate commences, all of the accumulated costs are reclassified to property under construction in the consolidated balance sheets.  If the project is later abandoned, all of the accumulated costs are charged to expense.
	Leasing costs incurred, primarily commissions, are capitalized for signed leases.  Financing costs including legal fees and other costs relating to the acquisition of debt financing are deferred.  Leasing and deferred financing costs are included in deferred expenses in the accompanying consolidated balance sheets.  Such costs are amortized using the straight-line method over the terms of the related leases and debt, respectively.  The unamortized balance of such cost was $2,720,341 and $2,885,032 as of April 30, 2013 and 2012, respectively.  Amortization expense was $514,823 and $493,155 for the years ended April 30, 2013 and 2012, respectively.  Amortization expense for the next five years is expected to be as follows:
	Year Ending April 30
	2014	$413,486
	2015	330,250
	2016	245,602
	2017	236,184
	2018	205,721
	Thereafter	1,289,098
	Total	$2,720,341
	Investment in Affiliated Entities
	The Company has an investment in an affiliated limited liability entity Dover Parkade, LLC, (“Dover”).  The Company has a 50% interest in “Dover” which owns a shopping center in Dover Township, NJ.  The operating and financial policies of “Dover” are not controlled by the Company.  For the years prior to May 1, 2009, the Company was committed to provide funding to this equity method investee.  The Company’s investment was recorded at cost and subsequently adjusted for its share of their net income and losses and distributions. Since 2009, the Company has not increased its negative investment but has begun to record distributions to income. The resulting carrying value of this investment ($2,198,046) as of April 30, 2013 and ($2,453,918) as of April 30, 2012 is included in other liabilities.
	On October 4, 2011, the Company entered into a partnership with a nonprofit entity which purchased a 99 year leasehold interest in a 200 unit subsidized housing project in Claymont, Delaware.  The Company is a non-controlling .01% limited partner in the entity.  The Company’s investment is carried at cost of $100. A subsidiary of the Company performed the construction renovations while another subsidiary of the Company is the managing agent.
	The Company recorded equity in earnings of unconsolidated subsidiaries of $434,372 and $358,453 for the years ended April 30, 2013 and 2012, respectively.
	Fair Value Measurements
	Certain assets and liabilities are presented at fair value on a recurring basis.  In addition, fair values are disclosed for certain other assets and liabilities.  In all cases, fair value is determined using valuation techniques based on a hierarchy of inputs.  A summary of the hierarchy follows:
	•	Level 1–	Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities.
	•	Level 2 –	Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant observable inputs are available, either directly or indirectly such as interest rates and yield curves that are observable at commonly quoted intervals; and
	•	Level 3 –	Prices or valuations that require inputs that are unobservable.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety.  The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
	The Company’s financial instruments include cash and cash equivalents, accounts receivable, marketable securities, accounts payable, accrued expenses and debt.  The fair values of accounts receivable, accounts payable and accrued expenses are estimated to approximate their carrying amounts because of their relative short-term nature.  In general, the carrying amount of variable rate debt approximates its fair value.  Further, the carrying amount of fixed rate debt approximates fair value debt since the interest rates on the debt approximates the Company’s current incremental borrowing rate.  Information about the fair values of marketable securities and derivative liabilities is presented below.
	Marketable Securities – Level 1
	The Company determines the appropriate classifications of its investments in marketable debt and equity securities at the time of purchase and re-evaluates such determinations at each balance sheet date.  As of April 30, 2013 and 2012, investments consist of equity securities, which are classified as available for sale.  Investments in marketable securities are stated at fair value.  Fair value for marketable securities is based on the last sale of the period obtained from recognized stock exchanges (i.e. Level 1).  Net unrealized holding gains and temporary losses on equity securities are included as a separate component of the deficiency. Net unrealized gains of $188,615 as of April 30, 2013 and loss of $30,874 as of April 30, 2012 are included in accumulated other comprehensive (loss) income. Gains or losses on securities sold are based on the specific identification method.
	Derivative Instruments – Level 2
	During fiscal year 2006, the Company entered into two separate floating-to-fixed interest rate swap agreements with a bank which expire in June 2015 and July 2031.  The Company has determined that these derivative instruments do not meet the requirements of hedge accounting and have therefore recorded the change in fair value of these derivative instruments through income in the consolidated statement of operations.  The gain (loss) on derivatives incurred during the years ended April 30, 2013 and 2012 totaled $356,662 and (1,333,944), respectively, and the Company has recorded a liability of $3,656,380 and $4,013,042 in the consolidated balance sheets, which represents the fair value of the interest rate swaps as of April 30, 2013 and 2012, respectively.
	Long-Lived Assets
	Long-lived assets held and used in operations are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount might not be recovered.  There we no impairments for any period presented.
	The Company presents operations related to developed properties that have been sold or developed properties that are intended to be sold as discontinued operations.  Developed properties intended to be sold are designated as “held for sale” on the consolidated balance sheets.  No developed properties were sold during the years ended April 30, 2013 or 2012 and none are designated as held for sale at year end.
Income Taxes
Deferred income taxes are provided on the differences between the financial statement and income tax bases of assets and liabilities and on net operating loss carryforwards using the enacted tax rates.
A valuation allowance is provided for deferred income tax assets for which realization is not likely in the near term.
As of April 30, 2013 and 2012, the Company has no significant uncertain income tax positions.  The Company recognizes interest and penalties on any uncertain income tax positions as a component of income tax expense.
The State of Massachusetts recently concluded an audit for the years ended April 30, 2008 and 2009. In addition, the Internal Revenue Service conducted an audit for the year ended April 30, 2010.  The Company received a notice from the Internal Revenue Service dated November 29, 2012 that the Service has completed its examination of the Company’s Federal income tax return for the period ended April 30, 2010.  The examination resulted in no change in reported tax.  The determination does not include any partnerships in which the Company has an interest.  Otherwise, tax returns for fiscal years after 2010 are open to examination by Federal, local and state authorities.
Income Taxes (concluded):
The Company follows FASB ASC 740-10 which clarifies the accounting for uncertainty in income taxes recognized in financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. After review of the Company’s tax positions, no liabilities were recorded for unrecognized tax benefits as of April 30, 2013 or 2012.
The Company recognizes interest accrued related to unrecognized tax benefits, if any, in interest expense and penalties in operating expense. During the years ended April 30, 2013 and 2012, the Company did not recognize any interest or penalties related to unrecognized tax benefits
Stock Compensation
Share-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity grant).
Earnings (loss) per share (EPS)
Basic earnings (loss) per share amounts are determined using the weighted-average outstanding common shares for the year.  Diluted earnings (loss) per share amounts include the weighted-average outstanding common shares as well as potentially dilutive common stock options and warrants using the “treasury stock” method. For the year ended April 30, 2013, the effect for the dilutive options outstanding was 102,941 shares. For the year ended April 30, 2012, all outstanding options and warrants were anti-dilutive and were excluded from the dilutive earnings (loss) per share calculations for that year since the Company had a net loss.
New Accounting Pronouncements
In February 2013, the FASB issued ASU No. 2013-02 “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” requiring new disclosures for items reclassified out of accumulated other comprehensive income (“AOCI”), including (1) changes in AOCI balances by component and (2) significant items reclassified out of AOCI. The guidance does not amend any existing reporting requirements for reporting net income or other comprehensive income in the financial statements. The standards update is effective for reporting periods beginning after December 15, 2012, to be applied prospectively. As this guidance only requires expanded disclosures, the adoption of this guidance will not have a significant impact on the Company’s consolidated financial position, results of operations, or cash flows.

Restatement

Restatement	12 Months Ended
	Apr. 30, 2013
Schedule of Equity Method Investments (Tables)	'
Restatement	'
	2.   Restatement
	The Company has restated its April 30, 2012 consolidated financial statements by adding three joint ventures into its consolidated results.  Upon reanalyzing its agreements, it was determined that the Company was the controlling partner of the ventures which triggers a requirement to consolidate.  The ventures are:
	(1) Cranston Parkade, LLC which owns a retail shopping center 259,600 sq. ft.
	(2) CP Associates, LLC which owns two 60,000 sq. ft commercial buildings plus land leased to a third party.
	(3) Hartford Lubbock Limited Partnership which owns a retail shopping center 160,555 sq. ft.
	(4) Trolley Barn Associates which owns approximately 7 acres of vacant land.
	The Company which owns 50% of (1), (2) & (4) and 2% of (3) formerly accounted for them on the equity method. Previously, the investment in Trolley Barn Associates, which is 50% supported by the Company, was not considered material and was not consolidated.  The advances were considered loans.  The Company has determined that Trolley Barn qualifies as a Variable Interest Entity (VIE) and is consolidated as required.
	The effects on the Company’s previously issued financial statements are summarized as follows:
	Balance Sheet April 30, 2012
		Previously Reported	Increase (Decrease)	Restatement
	Real Estate and Equipment Net	$133,053,873	$42,424,291	$175,478,164
	Cash	3,515,688	3,933,527	7,449,215
	Investment in Marketable Securities	657,299	1,349,665	2,006,964
	Accounts and notes receivable	1,955,838	1,982,388	3,938,226
	Other receivable	8,600,078	-0-	8,600,078
	Deposits, escrows & prepaid & deferred expenses net	9,894,914	2,187,512	12,082,426
	Investment in affiliate	9,665	-9,665	-0-
	Due from related parties and affiliates	517,713	-350,454	167,259
	TOTAL ASSETS	$158,205,068	$51,517,264	$209,722,332
	Mortgage & notes payables	142,551,542	63,266,446	205,817,988
	Payables and accrued liabilities	12,935,664	1,217,957	14,153,621
	Accrued cost of derivatives	-0-	4,013,042	4,013,042
	Deferred income	657,215	-176,537	480,678
	Other liabilities	4,098,351	-1,644,433	2,453,918
	Due  to related parties	102,752	326,292	429,044
	Total liabilities	160,345,524	67,002,767	227,348,291
	Stockholders Deficit	-2,140,456	-15,485,503	(17,625,959)
	Total Liabilities and Shareholder Deficit	$158,205,068	$51,517,264	$209,722,332
	Statement of Operations – April 30, 2012
		Previously Reported	Increase (Decrease)	Restatement
	Revenues	$27,613,440	$9,728,499	$37,341,939
	Operating cost	22,593,012	3,947,140	26,540,152
	Income from operations	5,020,428	5,781,359	10,801,787
	Interest expenses	-7,684,732	-3,876,009	-11,560,741
	Other Income	319,120	-0-	319,120
	Gain (Loss) or Derivatives	-0-	-1,333,944	-1,333,944
	Equity in earnings of unconsolidated subsidiaries	1,307,101	-948,648	358,453
	Loss before income tax	-1,038,083	-377,242	-1,415,325
	Income Taxes	1,273,054	10,416	1,283,470
	Consolidated Net Loss	-2,311,137	-387,658	-2,698,795
	Net Loss attributable to non-controlling interest	1,394,808	-473,782	921,026
	Net Loss attributable to First Hartford	($916,329)	($861,440)	($1,777,769)
	The increased loss attributable to the Company for the year ended April 30, 2012 was mainly due to differences in accounting between equity method and consolidation.  In the year ended April 30, 2012, under the equity method, the Company recorded income of $559,000 from distributions while there was a negative basis (recorded in other liabilities).  There was also $400,000 in losses that exceeded investments and guarantees that were not picked up under the equity method. The balance was timing difference as December 31st was the year end used for the equity method while March 31st was used for consolidation. These items were adjusted in the restatement.

Consolidated_Variable_Interest

Consolidated Variable Interest Entities	12 Months Ended
	Apr. 30, 2013
Consolidated Variable Interest Entities	'
Consolidated Variable Interest Entities	'
	3.   Consolidated Variable Interest Entities
	The Company’s consolidated financial statements include the accounts of Rockland Place Apartments Limited Partnership (“Rockland”), Clarendon Hill Somerville Limited Partnership (“Clarendon”) and Trolley Barn Associates, LLC (“Trolley Barn”).  The Company has consolidated Rockland, Clarendon and Trolley Barn based on the express legal rights and obligations provided to it by the underlying partnership agreements and its control of their business activity.
	Connolly and Partners, LLC (75% owned by the Company) has a .01% ownership interest in and is a general partner of Rockland.  Connolly and Partners, LLC also owns 49% of Clarendon Hill Somerville, LLC which owns .01% of and is the general partner of Clarendon.  Trolley Barn is 50% owned by the Company.
	Rockland owns and operates a rental housing project consisting of 204 units located in Rockland, Massachusetts.  Clarendon owns and operates a 501 unit apartment complex in Somerville, Massachusetts.  Both projects were renovated and are managed by the Company.  Renovation costs were financed with loans from Massachusetts Housing Finance Agency (MHFA), subsidies from U.S. Department of Housing and Urban Development (HUD) and limited partner capital contributions.
	Each building of the projects qualifies for low-income housing credits pursuant to Internal Revenue Code Section 42 (“Section 42”), which regulates the use of the projects as to occupant eligibility and unit gross rent, among other requirements.  Each building of the projects must meet the provisions of these regulations during each of fifteen consecutive years in order to remain qualified to receive the credits.  In addition, Rockland and Clarendon have executed an Extended Low-Income Housing Agreement, which requires the utilization of each project pursuant to Section 42 through the compliance period, even if Rockland or Clarendon disposes of the project.
	Each project’s low-income housing credits are contingent on its ability to maintain compliance with applicable sections of Section 42.  Failure to maintain compliance with occupant eligibility, and/or unit gross rent, or to correct noncompliance within a specified time period could result in recapture of previously taken tax credits plus interest.  In addition, such potential noncompliance may result in an adjustment to the capital contributed by the investment limited partner.
	Trolley Barn’s only asset is approximately seven acres of land in Cranston, RI.
	Rockland has an agreement with the Rockland Housing Authority whereby the Housing Authority has the option to purchase the property, after the 15-year tax credit compliant period on January 1, 2024, from Rockland.  The option price is based on a specified formula in the agreement.
	Clarendon has an agreement with the 51% owner of Clarendon Hill Somerville, LLC, Clarendon Hill Towers Tenant Association, LLC (“CHTTA”), whereby CHTTA has an option to purchase the property after the 15 year tax credit compliance period from the partnership.  The option price is the greater of:
	a.      Outstanding debt and taxes, or
	b.      Fair market value of the property
	On February 27, 2012, the Company received a Certificate of Completion from the MHFA for its Clarendon Hill project.  As a result, the Company received from MHFA via its 75% owned subsidiary, net cash of $2,642,000 after applying $2,900,000 to an outstanding bridge loan previously provided by MHFA.  Of the net amount received, $380,000 was for construction work and $2,262,000 for the Company’s Development Fee.  Of the remaining development fee of $2,040,000, $1,423,000 was paid on August 22, 2012 and $617,000 was paid in September 2012. The balance of the bridge loan was paid on August 22, 2012 from the partner’s capital contribution.
	There was a completion assurance agreement for the construction of the Clarendon Hill project guaranteed by the Company and its President for $1,042,640.  This agreement was canceled and a collateralized letter of credit issued against the guarantee of $819,920 was returned during the year ended April 30, 2012.  In turn, the collateral for the letter of credit consisting of cash and marketable securities of CP Associates, LLC was also released.
	The assets at April 30, 2013 and 2012 of the consolidated VIEs (Rockland and Clarendon), that can be used only to settle their obligations and their liabilities for which creditors (or beneficial interest holders) do not have recourse to the general credit of the Company are shown parenthetically in the line items of the consolidated balance sheets.
	A summary of the assets and liabilities of Rockland and Clarendon included in the Company’s consolidated balance sheets as follows:
		April  30
		2013	2012
	Real estate and equipment, net	$68,084,169	$70,112,601
	Other assets	8,096,778	8,187,903
	Total assets	76,180,947	78,300,504
	Intercompany profit elimination	(3,045,149)	(3,156,971)
	Consolidated	$73,135,798	$75,143,533
	Mortgages and other notes payable	$56,039,906	$60,089,702
	Other liabilities	3,330,240	3,382,713
	Total liabilities	$59,370,146	$63,472,415
	Substantially all assets of Rockland and Clarendon are pledged as collateral for its debt. The recourse of the holders of the mortgages and other notes payable is limited to the assets of Rockland and Clarendon. Combined revenues for Rockland and Clarendon were $11,105,125 for the year ended April 30, 2013 and $10,662,444 for the year ended April 30, 2012. The combined net loss for Rockland and Clarendon was $1,073,416 for the year ended April 30, 2013 and $1,427,433 for the year ended April 30, 2012. Since the Company’s ownership interest in both entities is nominal, substantially all of such losses are allocated to the noncontrolling interests in the consolidated financial statements.
	The Limited Partners in Clarendon have made the required Final capital contributions of $5,066,943 (including approximately $126,000 for early delivery of tax credits) in the year ended April 30, 2013.

Construction_Loans_Mortgages_a

Construction Loans, Mortgages and Notes Payable:	12 Months Ended
	Apr. 30, 2013
Construction Loans, Mortgages and Notes Payable:	'
Construction Loans, Mortgages and Notes Payable:	'
	4.     Construction Loans, Mortgages and Notes Payable:
	Information about the Company’s debt follows:
		2013		2012
	Construction loans and mortgages payable with interest rates ranging from zero to 11.00% at April 30, 2013 and 2012 and maturities at various dates through 2056.	$199,174,855		$201,534,334
	Notes payable on Clarendon with interest rates ranging from zero to 4.40% at April 30, 2013 and 2012 and maturities ranging from 2030 to 2050.	1,704,697		1,704,697
	Note and pre-judgment interest payable to Richard E. Kaplan in quarterly installments with interest and final payment of $564,233 due November 15, 2015 Paid in full by October 4, 2013. See Note 16 Subsequent Events.	1,829,604		2,578,957
		$202,709,156		$205,817,988
	No interest was capitalized for the years ended April 30, 2013 and 2012, as the amounts were not material.
	Aggregate principal payments due on the above debt follow:
	Year Ending April 30
	2014		$   3,188,852
	2015		68,777,342
	2016		42,435,613
	2017		1,990,364
	2018		12,658,404
	Thereafter		73,658,581
			$202,709,156
	Included in the 2015 maturities is $52,847,132 of non-amortizing debt which will be converted to amortizing debt (25 years).  There is additionally $12,425,402 which will have to be refinanced in the same year.
	Substantially all real estate owned is pledged as collateral for construction and mortgage loans.

Public_Infrastructure_Reimburs

Public Infrastructure Reimbursements and Other Incentives:	12 Months Ended
	Apr. 30, 2013
Public Infrastructure Reimbursements and Other Incentives:	'
Public Infrastructure Reimbursements and Other Incentives:	'
	5.     Public Infrastructure Reimbursements and Other Incentives:
	In connection with the Company’s development and construction of a shopping center owned and operated by the Company in the City of Edinburg, Texas, the Company entered into an Economic Development Agreement dated February 20, 2007 with the City of Edinburg and other local non-profit corporations.  In connection with the agreement, the Company receives reimbursements of public infrastructure costs incurred by the Company in addition to other cash incentives.
	Public Infrastructure Reimbursements
	During the year ended April 30, 2010, the Company recognized a receivable from the City of Edinburg and reduction of the cost of the shopping center of $8,000,000 for the reimbursement of eligible public infrastructure costs incurred by the Company.  The reimbursement is payable solely by the City of Edinburg from proceeds of public infrastructure bonds and/or from proceeds from 50% of the City’s dedicated 1% sales tax generated from the shopping center.  The Company has received $5,788,740 in reimbursements of eligible public infrastructure costs through April 30, 2013.  The remaining receivable of $2,211,260 is included in other receivables at April 30, 2013.  The remaining receivable will be collected from the proceeds from the issuance of additional public infrastructure bonds by the City of Edinburg or collection of sales tax.
	Other Cash Incentives
	In connection with the agreements, the Company also receives contributions from the Edinburg Economic Development Corporation (“EEDC”) of up to $4,000,000 as its .5% share of sales tax revenue generated from the shopping center.  Such nonreciprocal transfers of the Company’s share of sales taxes generated are recorded by the Company as other operating revenue when received.  The Company received $383,155 and $319,120 from the EEDC for the years ended April 30, 2013 and 2012, respectively.

Pledge_of_stock_in_subsidiarie

Pledge of stock in subsidiaries	12 Months Ended
	Apr. 30, 2013
PLEDGE OF STOCK IN SUBSIDIARIES:	'
PLEDGE OF STOCK IN SUBSIDIARIES	'
	6.   Pledge of Stock in Subsidiaries:
	For an extended period of time the Company was unable to obtain financing (secured or unsecured) without the personal guarantees of the President of the Company.  To some degree, the Company has recently been able to obtain financing without a guarantee, but generally guarantees continue to be a necessary component to most construction loans.  In the past, the Company has provided pledges of the stock of its subsidiaries to the President of the Company as protection from personal losses due to his guarantees.  These pledges are expected to stay in place until the guarantees are eliminated.
	The President of the Company has guaranteed the following outstanding amounts at April 30, 2013:
	Loan for Career Education building -
	5% of loan balance outstanding	$504,000
	Construction loan – Edinburg, Texas	$53,247,000
	In the event that the President is called upon to pay on any of the above guarantees, the Company would become liable to him.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Apr. 30, 2013
Schedule of Related Party Disclosures (Tables)	'
Related Party Transactions	'
	7.   Related Party Transactions:
	Amounts included in revenue resulting from transactions with Journal Publishing Inc., a company which is owned by the President of the Company and his wife are as follows:
		2013	2012
	Service Fees	$11,223	$6,711
	Total	$11,223	$6,711
	Included in amounts due from related parties and affiliates is approximately $157,000 at April 30, 2013 and 2012. This relates to funds borrowed from Hartford Lubbock Limited Partnership by Green Manor Corp., which owns Journal Publishing, which owns 98.01% of Hartford Lubbock Limited Partnership. These funds were borrowed some years ago (prior to consolidation).
	Included in amounts due to related parties and affiliates is approximately $450,000 and $429,000 payable to Cranston Brewery LLC at April 30, 2013 and 2012, respectively. Cranston Brewery LLC is an affiliate but not owned by the Company. The amount due represents their investment in Trolley Barn Associates (50%). The Company’s advances were eliminated in consolidation.

Stock_Option_Plan

Stock Option Plan	12 Months Ended
	Apr. 30, 2013
Stock Option Plan:	'
Stock Option Plan	'
	8.     Stock Option Plan:
	On February 11, 2004, the Company adopted a stock option plan providing for the grant of up to 1,000,000 shares.  The Company granted options to purchase 250,000 shares to five employees, two of whom are directors.  The options, which have a two year vesting period, were granted at $1.10 per share.  The right to exercise the option expires February 11, 2014.  The options include a “put option” that requires the Company to purchase the exercised shares for $1.30 in excess of the grant price.  The cost of the deferred stock compensation was $325,000, which has been expensed fully in prior periods.  On February 10, 2011, the put options expiration date was extended to February 11, 2014.
	As of April 30, 2013 and 2012, 250,000 options were outstanding and exercisable at a weighted average exercise price of $1.10 a share. During the years ended April 30, 2013 and 2012, no options were granted or exercised.  All options granted vested prior to May 1, 2009. As such, there was no compensation expense for the years presented.  The aggregate intrinsic value of outstanding options as of April 30, 2013, was approximately $325,000. On February 11, 2014, all options were unexercised and expired unused.

Employee_Retirement_Benefits

Employee Retirement Benefits	12 Months Ended
	Apr. 30, 2013
Employee Retirement Benefits	'
Employee Retirement Benefits	'
	9.     Employee Retirement Plan:
	The Company has adopted a Simple IRA.  Under this plan, all employees over 18 years of age, working at least 30 hours weekly are eligible to participate.  Participants are eligible to defer earnings to the extent of IRS regulations.  The Company matches up to 3% of each participating employee’s annual salary.  Pension expense was $69,073 and $70,244 for the years ended April 30, 2013 and 2012, respectively.

Income_Taxes

Income Taxes	12 Months Ended
	Apr. 30, 2013
Income Taxes:	'
Income Tax Disclosure	'
	10.     Income Taxes:
	The provision for income taxes consists of:
		2013	2012
	Current state income taxes	$65,000	$     45,000
	Deferred income taxes	-0-	1,238,000
		$65,000	$1,283,000
	The components of the net deferred income tax asset follow:
	Tax effect of net operating loss carry-forwards	$4,909,000	$4,909,000
	Valuation allowance	-4,909,000	(4,909,000)
		$-0-	$-0-
	The current provision for state income taxes for the years ended April 30, 2013 and 2012 reflects profitable operations of certain of the Company’s subsidiaries in those jurisdictions.  As of April 30, 2012, no additional net deferred income tax assets are expected to be realized in the near term.  Accordingly, the Company increased its valuation allowance by $1,283,000 for the year ended April 30, 2012. The Company has Federal net operating loss carry-forwards in excess of $14,000,000 at April 30, 2013 that are available to offset future Federal taxable income through various periods expiring between 2016 and 2028.
	A reconciliation of the provision for income taxes with amounts determined by applying the statutory U.S. Federal income tax rate before income taxes is as follows:
		2013	2012
	Federal statutory rate (34%)	$52,000	($481,000)
	State tax – net of Federal effect	43,000	40,000
	Change in valuation allowance on deferred tax assets	-	1,238,000
	Losses attributable to noncontrolling interests	37,000	313,000
	Other	-67,000	173,000
	Provision for income taxes	$65,000	$1,283,000

Leases

Leases	12 Months Ended
	Apr. 30, 2013
Leases:	'
Leases of Lessor Disclosure	'
	11.    Leases:
	The Company leases commercial and residential real estate to tenants under various operating leases expiring through 2027.
	Minimum future rentals to be received on non-cancellable commercial real estate leases as of April 30, 2013 are as follows:
	Year Ending April 30
	2014	$13,466,926
	2015	13,053,830
	2016	12,119,349
	2017	10,739,071
	2018	9,953,237
	Thereafter	42,511,325
	Total	$101,843,738

Investments_in_Affiliates

Investments in Affiliates	12 Months Ended
	Apr. 30, 2013
Investments in Affiliates	'
Investments in Affiliates	'
	12.    Investments in Affiliates:
	Summarized financial and other information for the Company’s investment in Dover Parkade LLC (Dover) follows:
	Dover – New Jersey:
	As of and for the years ended April 30
	Company ownership – 50% investment at inception was $147,500.
		2013	2012
	Assets	$12,864,049	$13,077,126
	Liabilities	18,321,995	18,714,818
	Members’ deficit	-5,457,946	(5,637,692)
	Revenue	2,600,929	2,519,411
	Operating expenses	1,103,281	1,118,631
	Non-operating expense, net	-985,902	(1,008,870)
	Net income	511,746	391,910
	Dover’s major tenant is Stop & Shop, which provided 55% and 56% of the total revenue in both 2013 and 2012 under a lease that expires June 30, 2026.

Concentrations_and_Credit_Risk

Concentrations and Credit Risks	12 Months Ended
	Apr. 30, 2013
Concentrations and Credit Risks	'
Concentrations and Credit Risks	'
	13.    Concentrations of Credit Risk:
	The Company’s financial instruments that are subject to concentrations of credit risk consist of cash and cash equivalents, marketable securities, and accounts, notes and other receivables.
	The Company places its cash deposits, including investments in certificates of deposit, with various financial institutions.  Bank deposits may be in excess of current Federal depository insurance limits.
	The Company assesses the financial strength of its tenants prior to executing leases and typically requires a security deposit and prepayment of rent.  The Company establishes an allowance for doubtful accounts receivable based upon factors surrounding the credit risk of specific tenants, historical trends and other information.
	The Company assesses the financial strength of CVS prior to incurring costs in connection with the development of CVS pharmacy stores.  Based on historical experience and other information, no allowance for doubtful accounts is considered necessary by management as of April 30, 2013 or 2012.

Segment_Information

Segment Information	12 Months Ended
	Apr. 30, 2013
Schedule of Segment Reporting (Tables)	'
Segment Information	'
	14.    Segment Information:
	The factors used by the Company to identify reportable segments include differences in products and services and segregated operations within the Company. The first segment, “Real Estate Operations” participates in the purchase, development, management, ownership and the sale of real estate.  Within its second segment, “Fee for Service”, the Company provides preferred developer services to CVS and Cumberland Farms Inc. in certain geographic areas. Summary financial information for the two reportable segments are approximately as follows:
		2013	2012
	Real Estate Operations	$34,348,000	$33,122,000
	Fee for Service	4,952,000	4,220,000
	TOTAL	$39,300,000	$37,342,000
	Operating Cost and Expense:
	Real Estate Operations	$21,519,000	$19,674,000
	Fee for Service	3,353,000	3,011,000
	SGA	4,388,000	3,855,000
		$29,260,000	$26,540,000
	All cost after operating expenses are cost of the real estate operation.
	The only assets in the balance sheet belonging to the Fee for Service segment is restricted cash of $860,000 in 2013 and $449,000 in 2012 and receivables of $6,533,000 in 2013 and $6,006,000 in 2012.

Litigation

Litigation	12 Months Ended
	Apr. 30, 2013
Litigation	'
Litigation	'
	15.    Litigation:
	In connection with a court order in the litigation styled Kaplan vs. First Hartford Corporation and Neil H. Ellis, filed in the United States District Court for the District of Maine, the Company purchased 591,254 shares of common stock beneficially owned by Richard E. Kaplan on November 29, 2010. Under the terms set by the court, the Company made a cash payment of $500,000 and issued a secured note for $2,879,407. The note is payable in quarterly installments of $146,184 (interest of 5.92% included) through November 15, 2015. The accrual for this matter was recorded prior to May 1, 2009. In addition, the Company was also required to pay “pre-judgment interest” from September 13, 2005 through November 29, 2010 of approximately $767,831 which was paid down to $413,660 by May 15, 2013 and is due upon the final quarterly payment of $146,184. On October 4, 2013 the company filed Form 8K stating the entire cost was paid from the proceeds of a refinancing.
	The Company had pledged the aforementioned 591,254 shares of repurchased common stock and a security interest in certain of the Company’s other assets as collateral. On December 16, 2011, Kaplan filed a suit to recover approximately $140,000 in legal fees. This suit was settled with a $65,000 payment in February 2012.
	The Company may also be involved in other legal proceedings which arise during the normal course of its business, including disputes over tax assessments, commercial contracts, lease agreements, construction contracts, employee disputes and personal injuries. The Company does not believe that any of these proceedings will have a material impact on its consolidated financial statements.

Subsequent_Events

Subsequent Events	12 Months Ended
	Apr. 30, 2013
Subsequent Events:	'
Subsequent Events	'
	16.  Subsequent Events:
	The Company has evaluated for subsequent events through March 19, 2014, the date the financial statements were available to be issued.
	In July 2013, the Company sold 2.341 acres of land to a supermarket chain for $1,220,000. This sale was part of the April 29, 2013 purchase of a total of 7.9467 acres of land in Humble, Texas and the simultaneous leasing of 1.959 acres to a national retailer.
	On October 4, 2013 the Company refinanced a shopping center in Plainfield, CT and used the excess proceeds to pay off the Kaplan Note and accrued interest of $1,479,998 (see Note 4).

Accounting_Policies_Policies

Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2013
Accounting Policies (Policies):	'
Description of Business	'
	Description of Business
	First Hartford Corporation was incorporated in Maine in 1909 and is engaged in the purchase, development, ownership, management and sale of real estate, all of which is considered a single segment.  The Company has a second segment “Fee for Service” in which the Company is engaged as a preferred developer for CVS. (see Service Income to follow).
Principles of Consolidation	'
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of First Hartford Corporation (the “Company”), its wholly-owned subsidiaries, and all other entities in which the Company has a controlling interest, including those where the Company has been determined to be a primary beneficiary of a variable interest entity or meets certain criteria as a sole general partner or managing member in accordance with the consolidation guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification.  As such, included in the consolidated financial statements are the accounts of Rockland Place Apartments Limited Partnership and Clarendon Hill Somerville Limited Partnership.  The Company’s ownership percentage in these variable interest entity partnerships is nominal.  All intercompany balances and transactions have been eliminated in consolidation.
Estimates	'
	Estimates
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
Financial Statement Presentation	'
	Financial Statement Presentation
	Because the Company is engaged in the development and sale of real estate at various stages of construction, the operating cycle may extend beyond one year.  Accordingly, following the usual practice of the real estate industry, the accompanying consolidated balance sheets are unclassified.
Statements of Cash Flows	'
	Statements of Cash Flows
	For purposes of the statements of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Revenue Recognition	'
	Revenue Recognition
	Construction Revenue - The Company primarily develops real estate for its own use.  However, revenues from projects built for third parties are recognized on the percentage-of-completion method of accounting based on costs incurred to date in relation to total actual costs and estimated costs to complete.  Revisions in costs and profit estimates are reflected in operations during the accounting period in which the facts become known.  The Company provides for estimated losses on contracts in the year such losses become known.  Construction revenues were approximately $1,966,000 and $1,342,000 for the years ended April 30, 2013 and 2012. Such revenues are included in service income and relate primarily to a single contract which was completed prior to April 30, 2013. 27
	Sales of Real Estate – The Company recognizes sales of real estate as revenue upon the transfer of title and when substantially all performance requisites have been fulfilled.  For the years ended April 30, 2013 and 2012, the Company had sales of approximately $ 2,385,000 and $1,560,000, respectively.  The cost of the property sold was approximately $1,205,000 and $968,000 for 2013 and 2012, respectively.  None of the property sold was otherwise providing cash flows to the Company.
	Rental Income – Rental income is recognized on a straight-line basis over the terms of the respective leases and consists of base rent and reimbursements for certain costs such as real estate taxes, utilities, insurance, common maintenance and other recoverable costs as provided in the lease agreements.  There are no contingent rents. If conditions of rent are not met, certain tenants may have rights to pay percentage rent not to exceed stated rent. Currently there is one tenant on percentage rent.
Service Income	'
	Service Income
	The Company is party to a Preferred Developer Agreement with CVS.  Under this agreement, the Company’s fee for such services provided is recognized as earned when services are provided. Fees earned related to the development of pharmacy stores for CVS during the years ended April 30, 2013 and 2012 were approximately $4,822,000 and $4,220,000 respectively, which is included in service income in the consolidated statements of operations.  These amounts include the fee on 21 and 19 stores respectively.
	The Company also provides management and maintenance services to others.  Fees for such services provided are recognized in service income as earned when services are provided.
Other Receivables and Payables	'
	Other Receivables and Payables
	Pursuant to the Company’s Preferred Developer Agreement with CVS, the Company is obligated to fund allowable costs incurred in connection with the identification and development of new retail pharmacy stores for which it receives direct reimbursements from CVS.  Payables for allowable costs incurred in connection with these activities but not yet funded were $6,832,366 and $6,102,292 as of April 30, 2013 and 2012 respectively, and have been included as “other payables” in the consolidated balance sheets.  Related reimbursements due from CVS were $ 6,533,260 and $6,005,713 as of April 30, 2013 and 2012, respectively, and have been included in other receivables in the consolidated balance sheets.
Cash and Cash Equivalents - Restricted	'
	Cash and Cash Equivalents – Restricted
	Cash and cash equivalents – restricted, consist of funds received from CVS in connection with the Company’s Preferred Developer Agreement.  Such amounts are to be used for the payment of costs incurred by the Company for the development and construction of CVS retail pharmacy stores. The restricted cash also contains Tenant Security Deposits held by the VIEs.
Developed Properties, Equipment and Tenant Improvements	'
	Developed Properties, Equipment and Tenant Improvements
	Developed properties, equipment and tenant improvements are recorded at cost.
	Depreciation and amortization are provided using the straight-line method based on the following estimated useful lives.
	Description	Years
	Developed properties	15 – 40
	Equipment	3 – 10
	Tenant improvements	Lesser of improvement life
		or lease term
	Expenditures for major renewals and betterments, which extend the useful lives of developed properties, equipment and tenant improvements, are capitalized.  Expenditures for maintenance and repairs are charged to operations as incurred.
Property Under Construction	'
	Property Under Construction
	The Company capitalizes costs directly associated with property under construction. Such costs include materials, construction labor and payroll cost, allocation of salaries and payroll cost from direct activities such as engineering, purchasing and legal and services provided by subcontractors. Material carrying costs for property taxes, insurance and interest are also capitalized during the period of active construction until construction is substantially complete.
	The Company capitalizes labor cost for direct work by offsite staff on specific projects.  In the year ended April 30, 2013 approximately $139,000 was capitalized.  For the year ended April 30, 2012 approximately $311,000 was capitalized.
Deferred Expenses	'
	Deferred Expenses
	Expenditures directly related to real estate under consideration for development are deferred and included in deferred expenses in the consolidated balance sheets.  These costs include option payments, attorney’s fees, architect and engineering fees, consultants, etc., but only to the extent they are from outside sources.  If development of the real estate commences, all of the accumulated costs are reclassified to property under construction in the consolidated balance sheets.  If the project is later abandoned, all of the accumulated costs are charged to expense.
	Leasing costs incurred, primarily commissions, are capitalized for signed leases.  Financing costs including legal fees and other costs relating to the acquisition of debt financing are deferred.  Leasing and deferred financing costs are included in deferred expenses in the accompanying consolidated balance sheets.  Such costs are amortized using the straight-line method over the terms of the related leases and debt, respectively.  The unamortized balance of such cost was $2,720,341 and $2,885,032 as of April 30, 2013 and 2012, respectively.  Amortization expense was $514,823 and $493,155 for the years ended April 30, 2013 and 2012, respectively.  Amortization expense for the next five years is expected to be as follows:
	Year Ending April 30
	2014	$413,486
	2015	330,250
	2016	245,602
	2017	236,184
	2018	205,721
	Thereafter	1,289,098
	Total	$2,720,341
Investment in Affiliated Entities	'
	Investment in Affiliated Entities
	The Company has an investment in an affiliated limited liability entity Dover Parkade, LLC, (“Dover”).  The Company has a 50% interest in “Dover” which owns a shopping center in Dover Township, NJ.  The operating and financial policies of “Dover” are not controlled by the Company.  For the years prior to May 1, 2009, the Company was committed to provide funding to this equity method investee.  The Company’s investment was recorded at cost and subsequently adjusted for its share of their net income and losses and distributions. Since 2009, the Company has not increased its negative investment but has begun to record distributions to income. The resulting carrying value of this investment ($2,198,046) as of April 30, 2013 and ($2,453,918) as of April 30, 2012 is included in other liabilities.
	On October 4, 2011, the Company entered into a partnership with a nonprofit entity which purchased a 99 year leasehold interest in a 200 unit subsidized housing project in Claymont, Delaware.  The Company is a non-controlling .01% limited partner in the entity.  The Company’s investment is carried at cost of $100. A subsidiary of the Company performed the construction renovations while another subsidiary of the Company is the managing agent.
	The Company recorded equity in earnings of unconsolidated subsidiaries of $434,372 and $358,453 for the years ended April 30, 2013 and 2012, respectively.
Fair Value Measurements	'
	Fair Value Measurements
	Certain assets and liabilities are presented at fair value on a recurring basis.  In addition, fair values are disclosed for certain other assets and liabilities.  In all cases, fair value is determined using valuation techniques based on a hierarchy of inputs.  A summary of the hierarchy follows:
	•	Level 1–	Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities.
	•	Level 2 –	Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant observable inputs are available, either directly or indirectly such as interest rates and yield curves that are observable at commonly quoted intervals; and
	•	Level 3 –	Prices or valuations that require inputs that are unobservable.
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety.  The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
	The Company’s financial instruments include cash and cash equivalents, accounts receivable, marketable securities, accounts payable, accrued expenses and debt.  The fair values of accounts receivable, accounts payable and accrued expenses are estimated to approximate their carrying amounts because of their relative short-term nature.  In general, the carrying amount of variable rate debt approximates its fair value.  Further, the carrying amount of fixed rate debt approximates fair value debt since the interest rates on the debt approximates the Company’s current incremental borrowing rate.  Information about the fair values of marketable securities and derivative liabilities is presented below.
	Marketable Securities – Level 1
	The Company determines the appropriate classifications of its investments in marketable debt and equity securities at the time of purchase and re-evaluates such determinations at each balance sheet date.  As of April 30, 2013 and 2012, investments consist of equity securities, which are classified as available for sale.  Investments in marketable securities are stated at fair value.  Fair value for marketable securities is based on the last sale of the period obtained from recognized stock exchanges (i.e. Level 1).  Net unrealized holding gains and temporary losses on equity securities are included as a separate component of the deficiency. Net unrealized gains of $188,615 as of April 30, 2013 and loss of $30,874 as of April 30, 2012 are included in accumulated other comprehensive (loss) income. Gains or losses on securities sold are based on the specific identification method.
	Derivative Instruments – Level 2
	During fiscal year 2006, the Company entered into two separate floating-to-fixed interest rate swap agreements with a bank which expire in June 2015 and July 2031.  The Company has determined that these derivative instruments do not meet the requirements of hedge accounting and have therefore recorded the change in fair value of these derivative instruments through income in the consolidated statement of operations.  The gain (loss) on derivatives incurred during the years ended April 30, 2013 and 2012 totaled $356,662 and (1,333,944), respectively, and the Company has recorded a liability of $3,656,380 and $4,013,042 in the consolidated balance sheets, which represents the fair value of the interest rate swaps as of April 30, 2013 and 2012, respectively.
Long-Lived Assets	'
	Long-Lived Assets
	Long-lived assets held and used in operations are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount might not be recovered.  There we no impairments for any period presented.
	The Company presents operations related to developed properties that have been sold or developed properties that are intended to be sold as discontinued operations.  Developed properties intended to be sold are designated as “held for sale” on the consolidated balance sheets.  No developed properties were sold during the years ended April 30, 2013 or 2012 and none are designated as held for sale at year end.
Income Taxes	'
	Income Taxes
	Deferred income taxes are provided on the differences between the financial statement and income tax bases of assets and liabilities and on net operating loss carryforwards using the enacted tax rates.
	A valuation allowance is provided for deferred income tax assets for which realization is not likely in the near term.
	As of April 30, 2013 and 2012, the Company has no significant uncertain income tax positions.  The Company recognizes interest and penalties on any uncertain income tax positions as a component of income tax expense.
	The State of Massachusetts recently concluded an audit for the years ended April 30, 2008 and 2009. In addition, the Internal Revenue Service conducted an audit for the year ended April 30, 2010.  The Company received a notice from the Internal Revenue Service dated November 29, 2012 that the Service has completed its examination of the Company’s Federal income tax return for the period ended April 30, 2010.  The examination resulted in no change in reported tax.  The determination does not include any partnerships in which the Company has an interest.  Otherwise, tax returns for fiscal years after 2010 are open to examination by Federal, local and state authorities.
	The Company follows FASB ASC 740-10 which clarifies the accounting for uncertainty in income taxes recognized in financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. After review of the Company’s tax positions, no liabilities were recorded for unrecognized tax benefits as of April 30, 2013 or 2012.
	The Company recognizes interest accrued related to unrecognized tax benefits, if any, in interest expense and penalties in operating expense. During the years ended April 30, 2013 and 2012, the Company did not recognize any interest or penalties related to unrecognized tax benefits
Stock Compensation	'
	Stock Compensation
	Share-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee’s requisite service period (generally the vesting period of the equity grant).
Earnings Per Share	'
	Earnings (loss) per share (EPS)
	Basic earnings (loss) per share amounts are determined using the weighted-average outstanding common shares for the year.  Diluted earnings (loss) per share amounts include the weighted-average outstanding common shares as well as potentially dilutive common stock options and warrants using the “treasury stock” method. For the year ended April 30, 2013, the effect for the dilutive options outstanding was 102,941 shares. For the year ended April 30, 2012, all outstanding options and warrants were anti-dilutive and were excluded from the dilutive earnings (loss) per share calculations for that year since the Company had a net loss.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In February 2013, the FASB issued ASU No. 2013-02 “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” requiring new disclosures for items reclassified out of accumulated other comprehensive income (“AOCI”), including (1) changes in AOCI balances by component and (2) significant items reclassified out of AOCI. The guidance does not amend any existing reporting requirements for reporting net income or other comprehensive income in the financial statements. The standards update is effective for reporting periods beginning after December 15, 2012, to be applied prospectively. As this guidance only requires expanded disclosures, the adoption of this guidance will not have a significant impact on the Company’s consolidated financial position, results of operations, or cash flows.

Amortization_expenses_for_next

Amortization expenses for next five years (Table)	12 Months Ended
	Apr. 30, 2013
Amortization expenses for next fives years (Table):	'
Amortization expenses for next fives years (Table):	'
	Description	Years
	Developed properties	15 – 40
	Equipment	3 – 10
	Tenant improvements	Lesser of improvement life
		or lease term
	Year Ending April 30
	2014	$413,486
	2015	330,250
	2016	245,602
	2017	236,184
	2018	205,721
	Thereafter	1,289,098
	Total	$2,720,341

Schedule_of_Restatement_of_Fin

Schedule of Restatement of Financials (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Restatement of Financials (Tables):	'
Schedule of Restatement of Financials (Tables)	'
	The effects on the Company’s previously issued financial statements are summarized as follows:
	Balance Sheet April 30, 2012
		Previously Reported	Increase (Decrease)	Restatement
	Real Estate and Equipment Net	$133,053,873	$42,424,291	$175,478,164
	Cash	3,515,688	3,933,527	7,449,215
	Investment in Marketable Securities	657,299	1,349,665	2,006,964
	Accounts and notes receivable	1,955,838	1,982,388	3,938,226
	Other receivable	8,600,078	-0-	8,600,078
	Deposits, escrows & prepaid & deferred expenses net	9,894,914	2,187,512	12,082,426
	Investment in affiliate	9,665	-9,665	-0-
	Due from related parties and affiliates	517,713	-350,454	167,259
	TOTAL ASSETS	$158,205,068	$51,517,264	$209,722,332
	Mortgage & notes payables	142,551,542	63,266,446	205,817,988
	Payables and accrued liabilities	12,935,664	1,217,957	14,153,621
	Accrued cost of derivatives	-0-	4,013,042	4,013,042
	Deferred income	657,215	-176,537	480,678
	Other liabilities	4,098,351	-1,644,433	2,453,918
	Due  to related parties	102,752	326,292	429,044
	Total liabilities	160,345,524	67,002,767	227,348,291
	Stockholders Deficit	-2,140,456	-15,485,503	(17,625,959)
	Total Liabilities and Shareholder Deficit	$158,205,068	$51,517,264	$209,722,332
	Statement of Operations – April 30, 2012
		Previously Reported	Increase (Decrease)	Restatement
	Revenues	$27,613,440	$9,728,499	$37,341,939
	Operating cost	22,593,012	3,947,140	26,540,152
	Income from operations	5,020,428	5,781,359	10,801,787
	Interest expenses	-7,684,732	-3,876,009	-11,560,741
	Other Income	319,120	-0-	319,120
	Gain (Loss) or Derivatives	-0-	-1,333,944	-1,333,944
	Equity in earnings of unconsolidated subsidiaries	1,307,101	-948,648	358,453
	Loss before income tax	-1,038,083	-377,242	-1,415,325
	Income Taxes	1,273,054	10,416	1,283,470
	Consolidated Net Loss	-2,311,137	-387,658	-2,698,795
	Net Loss attributable to non-controlling interest	1,394,808	-473,782	921,026
	Net Loss attributable to First Hartford	($916,329)	($861,440)	($1,777,769)

Schedule_of_Consolidation_of_I

Schedule of Consolidation of Interest in Entities (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Consolidation of Interest in Entities (Tables):	'
Reconciliation of Assets from Segment to Consolidated	'
	A summary of the assets and liabilities of Rockland and Clarendon included in the Company’s consolidated balance sheets as follows:
		April  30
		2013	2012
	Real estate and equipment, net	$68,084,169	$70,112,601
	Other assets	8,096,778	8,187,903
	Total assets	76,180,947	78,300,504
	Intercompany profit elimination	(3,045,149)	(3,156,971)
	Consolidated	$73,135,798	$75,143,533
	Mortgages and other notes payable	$56,039,906	$60,089,702
	Other liabilities	3,330,240	3,382,713
	Total liabilities	$59,370,146	$63,472,415

Schedule_of_Loans_Tables

Schedule of Loans (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Loans (Tables):	'
Schedule of construction loans and mortgages (Tables)	'
	Information about the Company’s debt follows:
		2013	2012
	Construction loans and mortgages payable with interest rates ranging from zero to 11.00% at April 30, 2013 and 2012 and maturities at various dates through 2056.	$199,174,855	$201,534,334
	Notes payable on Clarendon with interest rates ranging from zero to 4.40% at April 30, 2013 and 2012 and maturities ranging from 2030 to 2050.	1,704,697	1,704,697
	Note and pre-judgment interest payable to Richard E. Kaplan in quarterly installments with interest and final payment of $564,233 due November 15, 2015 Paid in full by October 4, 2013. See Note 16 Subsequent Events.	1,829,604	2,578,957
		$202,709,156	$205,817,988

Schedule_of_Principal_Payments

Schedule of Principal Payments for next five years (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Principal Payments for next five years (Tables)	'
Schedule of Accounts Payable and Accrued Liabilities	'
	Aggregate principal payments due on the above debt follow:
	Year Ending April 30
	2014	$   3,188,852
	2015	68,777,342
	2016	42,435,613
	2017	1,990,364
	2018	12,658,404
	Thereafter	73,658,581
		$202,709,156

Schedule_of_Guaranty_from_Pres

Schedule of Guaranty from President (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Guaranty from President (Tables)	'
Schedule of Financial Instruments Owned and Pledged as Collateral	'
	The President of the Company has guaranteed the following outstanding amounts at April 30, 2013:
	Loan for Career Education building -
	5% of loan balance outstanding	$504,000
	Construction loan – Edinburg, Texas	$53,247,000

Schedule_of_Income_Taxes_Table

Schedule of Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Income Taxes (Tables):	'
Schedule of Effective Income Tax Rate Reconciliation	'
	A reconciliation of the provision for income taxes with amounts determined by applying the statutory U.S. Federal income tax rate before income taxes is as follows:
		2013	2012
	Federal statutory rate (34%)	$52,000	($481,000)
	State tax – net of Federal effect	43,000	40,000
	Change in valuation allowance on deferred tax assets	-	1,238,000
	Losses attributable to noncontrolling interests	37,000	313,000
	Other	-67,000	173,000
	Provision for income taxes	$65,000	$1,283,000
Schedule of Components of Income Tax Expense (Benefit)	'
	The provision for income taxes consists of:
		2013	2012
	Current state income taxes	$65,000	$     45,000
	Deferred income taxes	-0-	1,238,000
		$65,000	$1,283,000
Schedule of Deferred Tax Assets and Liabilities	'
	The components of the net deferred income tax asset follow:
	Tax effect of net operating loss carry-forwards	$4,909,000	$4,909,000
	Valuation allowance	-4,909,000	(4,909,000)
		$-0-	$-0-

Schedule_of_Related_Party_Disc

Schedule of Related Party Disclosures (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Related Party Disclosures (Tables)	'
Schedule of Related Party Transactions	'
		2013	2012
	Service Fees	$11,223	$6,711
	Total	$11,223	$6,711

Schedule_of_Future_Minimum_Ren

Schedule of Future Minimum Rentals (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Future Minimum Rentals (Tables)	'
Schedule of Future Minimum Rental Payments for Operating Leases	'
	Minimum future rentals to be received on non-cancellable commercial real estate leases as of April 30, 2013 are as follows:
	Year Ending April 30
	2014	$13,466,926
	2015	13,053,830
	2016	12,119,349
	2017	10,739,071
	2018	9,953,237
	Thereafter	42,511,325
	Total	$101,843,738

Schedule_of_Equity_Method_Inve

Schedule of Equity Method Investments (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Equity Method Investments (Tables)	'
Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure	'
	Company ownership – 50% investment at inception was $147,500.
		2013	2012
	Assets	$12,864,049	$13,077,126
	Liabilities	18,321,995	18,714,818
	Members’ deficit	-5,457,946	(5,637,692)
	Revenue	2,600,929	2,519,411
	Operating expenses	1,103,281	1,118,631
	Non-operating expense, net	-985,902	(1,008,870)
	Net income	511,746	391,910

Schedule_of_Segment_Reporting_

Schedule of Segment Reporting (Tables)	12 Months Ended
	Apr. 30, 2013
Schedule of Segment Reporting (Tables)	'
Schedule of Segment Reporting Information, by Segment	'
	Summary financial information for the two reportable segments are approximately as follows:
		2013	2012
	Real Estate Operations	$34,348,000	$33,122,000
	Fee for Service	4,952,000	4,220,000
	TOTAL	$39,300,000	$37,342,000
	Operating Cost and Expense:
	Real Estate Operations	$21,519,000	$19,674,000
	Fee for Service	3,353,000	3,011,000
	SGA	4,388,000	3,855,000
		$29,260,000	$26,540,000

Business_and_Significant_Accou

Business and Significant Accounting Policies (Details)	Apr. 30, 2013
Developed properties {1}	'15 – 40 yrs
Equipment	'3 – 10 yrs
Tenant improvements	'lesser of improvement life or lease term

Amortization_expense_for_the_n

Amortization expense for the next five years is expected to be as follows: (Details) (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Amortization expense for the next five years is expected to be as follows	'	'
Amortization expense 2014	$413,486	'
Amortization expense 2015	330,250	'
Amortization expense 2016	245,602	'
Amortization expense 2017	236,184	'
Amortization expense 2018	205,721	'
Amortization expense Thereafter	1,289,098	'
Total Amortization expense	2,720,341	'
Amortization expenses for the year	514,823	493,155
Unamortized expenses for the year	$2,720,341	$2,885,032

Consolidated_Variable_Interest1

Consolidated Variable Interest Entities and Investments in Affiliated Partnerships - Summary of the assets and liabilities of VEI (Details) (USD $)	Apr. 30, 2013	Apr. 30, 2012
Primary Beneficiary Rockland and Clarendon	'	'
Real estate and equipment, net	$68,084,169	$70,112,601
Other assets	8,096,778	8,187,903
Total assets	76,180,947	78,300,504
Intercompany profit elimination	-3,045,149	-3,156,971
Total assets	73,135,798	75,143,533
Mortgages and other notes payable	56,039,906	60,089,702
Other liabilities	3,330,240	3,382,713
Total liabilities	$59,370,146	$63,472,415

Information_about_the_Companys

Information about the Company's debt follows: (Details) (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Information about the Company's debt follows:	'	'
Construction loans and mortgages payable with interest rates ranging from zero to 11.00%	$199,174,855	$201,534,334
Notes payable on Clarendon with interest rates ranging from zero to 4.40%	1,704,697	1,704,697
Note and pre-judgment interest payable to Richard E. Kaplan in quarterly installments with interest and final payment	1,829,604	2,578,957
Total Company's debt	$202,709,156	$205,817,988

Aggregate_principal_payments_d

Aggregate principal payments due on the above debt follow: (Details) (USD $)	12 Months Ended
	Apr. 30, 2013
Aggregate principal payments due on the above debt follow:	'
Aggregate principal payments due 2014	$3,188,852
Aggregate principal payments due 2015	68,777,342
Aggregate principal payments due 2016	42,435,613
Aggregate principal payments due 2017	1,990,364
Aggregate principal payments due 2018	12,658,404
Aggregate principal payments due Thereafter	73,658,581
Total Aggregate principal payments due	$202,709,156

Nonamortizing_debt_Details

Non-amortizing debt (Details) (USD $)	Apr. 30, 2013
Non - amortizing debt	'
non-amortizing debt amount which will be converted in to amortized debt	$52,847,132
Additional maturities amount	$12,425,402

Pledge_stock_outstanding_amoun

Pledge stock outstanding amount (Details) (USD $)	Apr. 30, 2013
Outstanding Amounts	'
Loan for Career Education building	$0
5% of loan balance outstanding	504,000
Construction loan - Edinburg, Texas	$53,247,000

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	Apr. 30, 2013	Apr. 30, 2012
Related Party Transactions Details	'	'
Service Fees	$11,223	$6,711
Total	11,223	6,711
Amount due from related parties	157,000	157,000
Journal Publishing, which owns of Hartford Lubbock Limited Partnership	98.01%	0.00%
Related party payable to Cranston Brewery LLC	$450,000	$429,000
The amount due represents their investment in Trolley Barn Associates	50.00%	0.00%

The_provision_for_income_taxes

The provision for income taxes consists of: (Details) (USD $)	Apr. 30, 2013	Apr. 30, 2012
Provision for income taxes	'	'
Current state income taxes	$65,000	$45,000
Deferred income taxes	0	1,238,000
Total Provision for income taxes	$65,000	$1,283,000

The_components_of_the_net_defe

The components of the net deferred income tax asset follow: (Details) (USD $)	Apr. 30, 2013	Apr. 30, 2012
The components of the net deferred income tax asset follow:	'	'
Tax effect of net operating loss carry-forwards	$4,909,000	$4,909,000
Valuation allowance	-4,909,000	-4,909,000
Net deferred income tax asset	$0	$0

A_reconciliation_of_the_provis

A reconciliation of the provision for income taxes (Details) (USD $)	Apr. 30, 2013	Apr. 30, 2012
Reconciliation of taxes	'	'
Federal statutory rate (34%)	$52,000	($481,000)
State tax - net of Federal effect	43,000	40,000
Change in valuation allowance on deferred tax assets	'	1,238,000
Losses attributable to noncontrolling interests	37,000	313,000
Other taxes	-67,000	173,000
Provision for income taxes	$65,000	$1,283,000

Minimum_future_rentals_to_be_r

Minimum future rentals to be received on non-cancellable commercial real estate leases (Details) (USD $)	12 Months Ended
	Apr. 30, 2013
Minimum future rentals to be received on non-cancellable commercial real estate leases	'
Future Minimum Rentals 2014	$13,466,926
Future Minimum Rentals 2015	13,053,830
Future Minimum Rentals 2016	12,119,349
Future Minimum Rentals 2017	10,739,071
Future Minimum Rentals 2018	9,953,237
Future Minimum Rentals Thereafter	42,511,325
Total Future Minimum Rentals	$101,843,738

Stock_Option_Plan_Details

Stock Option Plan (Details) (USD $)	Apr. 30, 2013	Apr. 30, 2012	Feb. 11, 2004
Stock Option Plan Details	'	'	'
Company granted no of shares	'	'	1,000,000
Company granted options to purchase shares	'	'	250,000
Deferred stock compensation	'	'	$325,000
options were outstanding and exercisable	250,000	250,000	'
The aggregate intrinsic value of outstanding options	$325,000	'	'