2. Investments in Local Limited Partnerships (Tables)

12 Months Ended

Mar. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Activity of the Investments in Local Limited Partnership

	For the Years Ended March 31,
	2016		2015		2014
Investments per balance sheet, beginning of period	$	-	$	-	$	225,686
Impairment loss		-		-		(146,238	)
Equity in losses of Local Limited Partnerships		-		-		(79,448	)
Amortization of paid acquisition fees and costs		-		-		-
Distributions received from Local Limited Partnerships		-		-		-
Investments per balance sheet, end of period	$	-	$	-	$	-

Combined Condensed Balance Sheet and Statements of Operations

COMBINED CONDENSED BALANCE SHEETS

	2015		2014
ASSETS
Buildings and improvements (net of accumulated depreciation as of December 31, 2015 and 2014 of $9,679,000 and $13,276,000, respectively)	$	13,135,000	$	19,598,000
Land		1,652,000		1,861,000
Other assets		1,880,000		2,374,000
Total assets	$	16,667,000	$	23,833,000

LIABILITIES
Mortgage payable	$	11,705,000	$	16,916,000
Due to affiliates		524,000		1,034,000
Other liabilities		336,000		578,000
Total liabilities		12,565,000		18,528,000
PARTNERS' EQUITY
WNC Housing Tax Credit Fund VI, L.P., Series 9		2,199,000		3,354,000
Other partners		1,903,000		1,951,000
Total partners’ equity		4,102,000		5,305,000
Total liabilities and partners’ equity	$	16,667,000	$	23,833,000

COMBINED CONDENSED STATEMENTS OF OPERATIONS

	2015			2014			2013
Revenues	$	2,654,000		$	3,572,000		$	3,446,000
Expenses:
Operating expenses		1,857,000			2,571,000			2,335,000
Interest expense		421,000			585,000			672,000
Depreciation and amortization		702,000			1,045,000			1,053,000
Total expenses		2,980,000			4,201,000			4,060,000
Net  loss	$	(326,000	)	$	(629,000	)	$	(614,000	)
Net loss allocable to the Partnership	$	(326,000	)	$	(608,000	)	$	(579,000	)
Net loss recorded by the Partnership	$	-		$	-		$	(79,000	)