Note 1 - Organization and Summary of Significant Accounting Policies: Method of Accounting For Investment in Local Partnerships (Policies)	9 Months Ended
Sep. 30, 2012
Policies
Method of Accounting For Investment in Local Partnerships	Method of Accounting for Investment in Local Partnerships The investment in local limited partnerships (the “Local Partnerships”) is accounted for using the equity method.

Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. The accounting policy may include information such as: (1) initially recording an investment in the stock of an investee at cost; (2) adjusting the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition; and (3) adjustments to reflect the investor's share of changes in the investee's capital (dividends). This disclosure may also include a detailed description of the policy for determining the amount of equity method losses recognized after an investment has been reduced to zero as a result of previous losses, reasons for not using the equity method when the investor company owns 20 percent or more of the voting stock of the investee's company (including identification of the significant investee), reasons for using the equity method when the ownership percentage is less than 20 percent, and discussion of recognition of equity method losses when an investor's total investment in an investee includes, in addition to an investment in common stock, other investments such as preferred stock and loans to the investee. An entity also may describe how such investments are assessed for impairment.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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