Investments in Local Limited Partnerships (Tables)

6 Months Ended

Sep. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Combined Condensed Statements of Operations

Selected financial information for the six months ended September 30, 2013 and 2012 from the unaudited combined condensed financial statements of the Local Limited Partnerships in which the partnership has invested is as follows:

COMBINED CONDENSED STATEMENTS OF OPERATIONS

	2013		2012
Revenue	$	608,000	$	832,000
Expenses:
Interest expense		108,000		124,000
Depreciation and amortization		131,000		190,000
Operating expenses		363,000		541,000
Total expenses		602,000		855,000
Net income (loss)	$	6,000	$	(23,000	)
Net income(loss) allocable to the Partnership	$	6,000	$	(23,000	)
Net income (loss) recorded by the Partnership	$	-	$	-