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

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Condensed Combined Balance Sheets of the Local Limited Partnerships

Condensed Combined Balance Sheets of the Local Limited Partnerships
(in thousands)
	December 31, 2012			December 31, 2011
	Material Investee	Unaudited	Total	Material Investee	Unaudited	Total
Assets
Land	$  337	$   239	$   576	$  337	$   239	$    576
Building and improvements	8,128	4,983	13,111	8,106	4,944	13,050
Accumulated depreciation	(5,859)	(4,753)	(10,612)	(5,635)	(4,677)	(10,312)
Other assets	1,570	926	2,496	1,661	981	2,642
Total assets	$4,176	$ 1,395	$ 5,571	$4,469	$ 1,487	$ 5,956
Liabilities and Partners’  Equity (Deficit):
Liabilities:
Mortgage notes payable	$  916	$ 3,687	$ 4,603	$1,497	$ 3,722	$ 5,219
Other liabilities	109	613	722	99	591	690
Partners’ equity (deficit)	3,151	(2,905)	246	2,873	(2,826)	47
Total liabilities and partner’s equity (deficit)	$4,176	$ 1,395	$ 5,571	$4,469	$ 1,487	$ 5,956