Note 2 - Investments in and Advances To Local Limited Partnerships: Condensed Combined Balance Sheets of the Local Limited Partnerships (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Condensed Combined Balance Sheets of the Local Limited Partnerships

Condensed Combined Balance Sheets of the Local Limited Partnerships           (in thousands – unaudited)
	December 31,
	2012	2011
Assets:
Land	$   336	$   336
Buildings and improvements	4,237	4,214
Accumulated depreciation	(3,302)	(2,855)
Other assets	486	427
Total assets	$ 2,027	$ 2,122
Liabilities and Partners' Deficit:
Mortgage notes payable	$ 1,740	$ 1,850
Other liabilities	1,225	1,131
Partners’ deficit	(938)	(859)
Total liabilities and partners’ deficit	$ 2,027	$ 2,122