Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Condensed Combined Balance Sheets of the Local Partnerships

Condensed Combined Balance Sheets of the Local Partnerships
(In thousands)
	December 31,
	2014	2013
	(unaudited)	(unaudited)
Assets
Land	$ 124	$ 124
Building and improvements	3,602	3,224
Accumulated depreciation	(2,955)	(2,896)
Other assets	335	290
Total assets	$ 1,106	$ 742
Liabilities and Partners’ Deficit:
Liabilities:
Mortgage notes payable	$ 2,006	$ 2,070
Other liabilities	471	146
Total liabilities	2,477	2,216
Partners' deficit	(1,371)	(1,474)
Total Liabilities and Partners' Deficit	$ 1,106	$ 742