Note 2 - Investments in and Advances To Local Partnerships: Schedule of Balance Sheet of Investment Partnerships (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Schedule of Balance Sheet of Investment Partnerships

Condensed Combined Balance Sheets of the Local Partnerships
(In thousands)
	December 31,
	2012	2011
	(unaudited)	(unaudited)
Assets
Land	$    356	$    356
Building and improvements	10,116	10,091
Accumulated depreciation	(8,889)	(8,699)
Other assets	842	598
Total assets	$  2,425	$  2,346
Liabilities and Partners’ Deficit:
Liabilities:
Mortgage notes payable	$  6,414	$  6,557
Other liabilities	461	344
Total liabilities	6,875	6,901
Partners' deficit	(4,450)	(4,555)
Total Liabilities and Partners' Deficit	$  2,425	$  2,346