INVESTMENTS IN OPERATING PARTNERSHIPS (Tables)

3 Months Ended

Jun. 30, 2015

Investments In and Advance To Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]

Schedule Of Number Of Operating Partnerships [Table Text Block]

The breakdown of Operating Partnerships within the Fund at June 30, 2015 and 2014 is as follows:

	2015	2014
Series 15	17	21
Series 16	21	28
Series 17	12	17
Series 18	12	18
Series 19	6	8
	68	92

Schedule Of Contributions Payable [Table Text Block]

The contributions payable at June 30, 2015 and 2014 are as follows:

	2015	2014
Series 15	$      -	$      -
Series 16	50,008	50,008
Series 17	7,893	16,712
Series 18	18,554	18,554
Series 19	-	-
	$ 76,455	$ 85,274

Schedule Of Dispositions By Series [Table Text Block]

During the three months ended June 30, 2015 the Fund disposed of two Operating Partnerships. A summary of the dispositions by Series for June 30, 2015 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition*		Gain on Disposition
Series 15	-	1	$	325,769	$	325,769
Series 16	-	-		-		-
Series 17	-	1		5,524,959		5,524,959
Series 18	-	-		341,833		-
Series 19	-	-		-		-
Total	-	2	$	6,192,561	$	5,850,728

* Fund proceeds from disposition include $341,833 which was receivable as of March 31, 2015 for Series 18. 

During the three months ended June 30, 2014 the Fund disposed of three Operating Partnerships. A summary of the dispositions by Series for June 30, 2014 is as follows:

	Operating Partnership Interest Transferred	Sale of Underlying Operating Partnership	Fund Proceeds from Disposition		Gain on Disposition
Series 15	2	1	$	382,700	$	382,700
Series 16	-	-		-		-
Series 17	-	-		-		-
Series 18	-	-		-		-
Series 19	-	-		-		-
Total	2	1	$	382,700	$	382,700

Schedule Of Summarized Statement Of Operations In Operating Partnerships [Table Text Block]

Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2015.

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Three Months Ended March 31,
(Unaudited)

	2015	2014
Revenues
Rental	$ 3,263,242	$  5,018,236
Interest and other	62,042	122,887
	3,325,284	5,141,123
Expenses
Interest	408,660	695,315
Depreciation and amortization	845,960	1,285,448
Operating expenses	2,514,133	3,835,600
	3,768,753	5,816,363
NET LOSS	$ (443,469)	$  (675,240)
Net loss allocation to Boston      Capital Tax Credit Fund     III L.P.*	$ (439,032)	$  (668,486)
Net loss allocated to other     Partners	$   (4,437)	$    (6,754)

* Amounts include $439,032 and $668,486 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Series 15

	2015	2014
Revenues
Rental	$   725,157	$    935,673
Interest and other	12,202	17,653
	737,359	953,326
Expenses
Interest	98,002	128,421
Depreciation and amortization	187,833	231,481
Operating expenses	560,078	692,690
	845,913	1,052,592
NET LOSS	$  (108,554)	$   (99,266)
Net loss allocation to Boston      Capital Tax Credit Fund     III L.P.*	$  (107,468)	$   (98,273)
Net loss allocated to other     Partners	$    (1,086)	$      (993)

* Amounts include $107,468 and $98,273 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Series 16

	2015	2014
Revenues
Rental	$  1,126,696	$  1,377,097
Interest and other	16,743	19,129
	1,143,439	1,396,226
Expenses
Interest	144,524	197,712
Depreciation and amortization	290,726	349,083
Operating expenses	814,159	1,096,998
	1,249,409	1,643,793
NET LOSS	$  (105,970)	$  (247,567)
Net loss allocation to Boston      Capital Tax Credit Fund     III L.P.*	$  (104,910)	$  (245,091)
Net loss allocated to other     Partners	$    (1,060)	$    (2,476)

* Amounts include $104,910 and $245,091 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Series 17

	2015	2014
Revenues
Rental	$   700,583	$  1,437,760
Interest and other	12,712	28,887
	713,295	1,466,647
Expenses
Interest	88,135	181,486
Depreciation and amortization	195,800	338,004
Operating expenses	533,854	1,057,152
	817,789	1,576,642
NET LOSS	$  (104,494)	$  (109,995)
Net loss allocation to Boston      Capital Tax Credit Fund     III L.P.*	$  (103,448)	$  (108,894)
Net loss allocated to other     Partners	$    (1,046)	$    (1,101)

* Amounts include $103,448 and $108,894 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Series 18

	2015	2014
Revenues
Rental	$    523,605	$     933,455
Interest and other	16,560	34,624
	540,165	968,079
Expenses
Interest	54,430	118,785
Depreciation and amortization	131,150	286,504
Operating expenses	442,777	710,705
	628,357	1,115,994
NET LOSS	$    (88,192)	$   (147,915)
Net loss allocation to Boston      Capital Tax Credit Fund     III L.P.*	$    (87,310)	$   (146,436)
Net loss allocated to other     Partners	$      (882)	$     (1,479)

* Amounts include $87,310 and $146,436 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.

Series 19

	2015	2014
Revenues
Rental	$    187,201	$    334,251
Interest and other	3,825	22,594
	191,026	356,845
Expenses
Interest	23,569	68,911
Depreciation and amortization	40,451	80,376
Operating expenses	163,265	278,055
	227,285	427,342
NET LOSS	$   (36,259)	$   (70,497)
Net loss allocation to Boston      Capital Tax Credit Fund     III L.P.*	$   (35,896)	$   (69,792)
Net loss allocated to other     Partners	$     (363)	$      (705)

* Amounts include $35,896 and $69,792 for 2015 and 2014, respectively, of loss not recognized under the equity method of accounting.