RELATED PARTY TRANSACTIONS

12 Months Ended

Mar. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE B - RELATED PARTY TRANSACTIONS

During the years ended March 31, 2015 and 2014, the Fund entered into several transactions with various affiliates of the general partner, including Boston Capital Partners, Inc. (BCP), Boston Capital Services, Inc. (BCS), Boston Capital Holdings Limited Partnership (BCHLP) and Boston Capital Asset Management Limited Partnership (BCAM), as follows:

The Fund incurred a fund management fee to Boston Capital Asset Management Limited Partnership in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various asset management and reporting fees paid by the Operating Partnerships. The fund management fees net of reporting fees incurred and the reporting fees paid by the Operating Partnerships for the years ended March 31, 2015 and 2014, are as follows:

	2015
	Gross Fund Management Fee		Asset Management and Reporting Fee		Fund Management Fee net of Asset Management and Reporting Fee
Series 20	$	66,576	$	123,117	$	(56,541)
Series 21		57,300		37,051		20,249
Series 22		59,835		27,311		32,524
Series 23		83,109		115,250		(32,141)
Series 24		64,002		83,730		(19,728)
Series 25		27,661		8,260		19,401
Series 26		152,491		111,234		41,257
Series 27		163,014		22,076		140,938
Series 28		173,354		93,978		79,376
Series 29		230,779		47,727		183,052
Series 30		143,019		81,311		61,708
Series 31		294,288		66,713		227,575
Series 32		256,588		23,342		233,246
Series 33		118,662		59,633		59,029
Series 34		226,928		100,863		126,065
Series 35		198,216		24,985		173,231
Series 36		132,480		14,079		118,401
Series 37		196,940		43,500		153,440
Series 38		164,400		19,315		145,085
Series 39		134,085		9,022		125,063
Series 40		200,016		14,607		185,409
Series 41		237,564		18,131		219,433
Series 42		248,290		84,524		163,766
Series 43		306,780		38,745		268,035
Series 44		254,628		48,108		206,520
Series 45		283,200		35,650		247,550
Series 46		249,528		22,723		226,805
	$	4,723,733	$	1,374,985	$	3,348,748

	2014
	Gross Fund Management Fee		Asset Management and Reporting Fee		Fund Management Fee net of Asset Management and Reporting Fee
Series 20	$	88,653	$	11,304	$	77,349
Series 21		58,930		3,676		55,254
Series 22		64,070		5,000		59,070
Series 23		90,719		6,500		84,219
Series 24		91,732		111,298		(19,566)
Series 25		47,508		9,612		37,896
Series 26		208,009		187,315		20,694
Series 27		204,780		78,159		126,621
Series 28		277,316		120,474		156,842
Series 29		307,485		59,597		247,888
Series 30		155,148		19,861		135,287
Series 31		329,204		62,574		266,630
Series 32		271,860		61,166		210,694
Series 33		123,408		16,389		107,019
Series 34		256,596		17,321		239,275
Series 35		202,082		52,603		149,479
Series 36		132,480		19,023		113,457
Series 37		204,864		20,389		184,475
Series 38		164,400		22,599		141,801
Series 39		136,800		17,748		119,052
Series 40		200,016		21,590		178,426
Series 41		237,732		38,056		199,676
Series 42		248,700		63,265		185,435
Series 43		306,780		60,352		246,428
Series 44		277,353		52,403		224,950
Series 45		363,051		54,934		308,117
Series 46		249,528		36,531		212,997
	$	5,299,204	$	1,229,739	$	4,069,465

All fund management fees will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the partnership's interests in operating limited partnerships. As of March 31, 2015 and 2014, total fund management fees accrued were $50,628,768 and $48,671,049, respectively.

The fund management fees paid for the years ended March 31, 2015 and 2014, are as follows:

	2015		2014
Series 20	$	50,000	$	628,402
Series 21		-		79,000
Series 22		142,116		90,375
Series 23		426,346		18,900
Series 24		64,002		2,560,095
Series 25		27,661		47,508
Series 26		152,491		707,356
Series 27		207,252		1,764,059
Series 28		879,536		1,148,270
Series 29		-		231,631
Series 30		-		-
Series 31		604,556		50,000
Series 32		62,000		1,449
Series 33		-		-
Series 34		50,000		-
Series 35		50,000		-
Series 36		50,054		1,000,000
Series 37		-		-
Series 38		-		-
Series 39		-		-
Series 40		-		-
Series 41		-		52,000
Series 42		-		50,000
Series 43		-		-
Series 44		-		-
Series 45		-		50,442
Series 46		-		-
	$	2,766,014	$	8,479,487

An affiliate of the general partner of the Fund has advanced funds to pay some operating expenses of the fund, and to make advances and/or loans to operating limited partnerships. These advances are included in accounts payable to affiliates. The total advances as of March 31, 2015 and 2014, are as follows:

	2015		2014
Series 20	$	-	$	-
Series 21		-		-
Series 22		-		-
Series 23		-		-
Series 24		-		-
Series 25		-		-
Series 26		-		-
Series 27		-		-
Series 28		-		-
Series 29		-		-
Series 30		-		-
Series 31		-		-
Series 32		-		-
Series 33		54,660		54,660
Series 34		133,578		133,578
Series 35		-		-
Series 36		-		-
Series 37		-		-
Series 38		-		-
Series 39		220,455		220,455
Series 40		370,404		359,629
Series 41		359,757		359,757
Series 42		221,615		221,615
Series 43		-		-
Series 44		88,620		12,495
Series 45		23,185		8,997
Series 46		-		-
	$	1,472,274	$	1,371,186

During the year ended March 31, 2015, $10,775, $76,125 and $14,188 for Series 40, Series 44 and Series 45, respectively, was advanced to the Fund by an affiliate of the general partner. During the year ended March 31, 2014, $12,736, $12,485, $12,495 and $8,997, for Series 34, Series 40, Series 44 and Series 45, respectively, was advanced to the Fund by an affiliate of the general partner. All payables to affiliates will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Fund's interests in Operating Partnerships.

During the years ended March 31, 2015 and 2014, general and administrative expenses incurred by Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership and/or Boston Capital Asset Management Limited Partnership were charged to each series’ operations as follows:

	2015		2014
Series 20	$	11,573	$	13,320
Series 21		8,823		10,180
Series 22		10,045		11,792
Series 23		11,378		13,081
Series 24		10,985		11,458
Series 25		11,555		12,154
Series 26		14,657		16,057
Series 27		11,275		11,979
Series 28		12,468		14,353
Series 29		12,872		14,663
Series 30		11,064		12,284
Series 31		13,474		15,196
Series 32		12,697		14,268
Series 33		9,883		11,031
Series 34		11,371		12,736
Series 35		10,999		12,216
Series 36		9,543		10,822
Series 37		9,561		10,690
Series 38		10,049		11,184
Series 39		9,468		10,889
Series 40		10,775		12,485
Series 41		11,646		14,228
Series 42		11,625		16,252
Series 43		12,922		15,570
Series 44		10,125		12,495
Series 45		14,188		17,433
Series 46		11,581		13,750
	$	306,602	$	352,566

Accounts payable - affiliates at March 31, 2015 and 2014 represents general and administrative expenses, fund management fees, and commissions which are payable to Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership, Boston Capital Services, Inc., and Boston Capital Asset Management Limited Partnership.