XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Income Statement [Abstract]        
Reporting fees $ 2,000    $ 4,517 $ 2,850
Distribution income    5,905    5,905
Total operating income 2,000 5,905 4,517 8,755
Operating expenses:        
Asset management fees (Note 3) 8,814 10,725 19,539 21,450
Legal and accounting fees 7,631 3,251 89,379 16,435
Outsourcing expenses 4,555 4,660 6,379 4,660
Write off of other assets 6,950    6,950   
Other 1,110 2,793 2,201 4,607
Total operating expenses 29,060 21,429 124,448 47,152
Loss from operations (27,060) (15,524) (119,931) (38,397)
Gain on sale of Local Limited Partnerships 59,017    336,321 74,633
Interest income 5 3 7 5
Net income (loss) 31,962 (15,521) 216,397 36,241
General Partner 320 (155) 2,164 362
Limited Partners $ 31,642 $ (15,366) $ 214,233 $ 35,879
Net income (loss) per Partnership Unit $ 2 $ (1) $ 14 $ 2
Outstanding weighted Partnership Units 15,600 15,600 15,600 15,600