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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues: $ 0 $ 0 $ 0 $ 0
Operating Expenses:        
Management fees - Corporate General Partner 23 33 47 66
Legal and accounting 19 27 38 45
Tax expense 32 27 63 48
General and administrative 9 7 12 9
Interest 0 12 8 24
Total operating expenses 83 106 168 192
Loss from partnership operations (83) (106) (168) (192)
Distributions from Local Limited Partnerships recognized as income (5) 47 125 47
Advances to Local Limited Partnerships recognized as expense (4) 0 (4) 0
Equity in income of Local Limited Partnership and amortization of acquisition costs 138 88 194 153
Gain on sale of interests in Local Limited Partnerships 0 339 0 339
Gain on extinguishment of debt 0 0 1,891 0
Net income 46 368 2,038 347
Net income allocated to general partners (1%) 0 4 20 3
Net income allocated to limited partners (99%) $ 46 $ 364 $ 2,018 $ 344
Net income per limited partnership interest $ 2.77 $ 21.85 $ 121.30 $ 20.65