XML 21 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Revenue:        
Investment $ 129 $ 265 $ 437 $ 912
Total Revenue 129 265 437 912
Expenses:        
Asset management fees, affiliate 68,644 67,629 205,933 202,889
Impairment on investments in Local Limited Partnerships 0 337,000 83,000 426,000
General and administrative (includes reimbursements to an affiliate in the amounts of $12,444 and $27,651 for the three months and $36,515 and $97,888 for the nine months ended December 31, 2011 and 2010, respectively) 33,745 50,557 101,745 156,301
Amortization 437 437 1,311 1,311
Total Expenses 102,826 455,623 391,989 786,501
Loss before equity in income of Local Limited Partnerships (102,697) (455,358) (391,552) (785,589)
Equity in income of Local Limited Partnerships (Note 1) 80,177 3,936 91,639 150,053
Net Loss (22,520) (451,422) (299,913) (635,536)
Net Loss allocated:        
General Partner (225) (4,514) (2,999) (6,355)
Limited Partners (22,295) (446,908) (296,914) (629,181)
Net Loss Per Limited Partner $ (22,520) $ (451,422) $ (299,913) $ (635,536)
Net Loss Per Limited Partner Unit (36,497 Units) (in dollars per unit) (0.61) (12.25) (8.14) (17.24)