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

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Condensed Combined Balance Sheets of the Local Partnerships

Condensed Combined Balance Sheets of the Local Limited Partnership (in thousands – unaudited)
	December 31,
	2015	2014
Assets:
Land	$ 345	$ 345
Buildings and improvements	2,725	2,707
Accumulated depreciation	(2,198)	(2,066)
Other assets	217	239
Total Assets	$ 1,089	$ 1,225
Liabilities and Partners’ Deficit:
Mortgage notes payable	$ 657	$ 669
Other liabilities	1,255	1,280
Partners’ deficit	(823)	(724)
Total Liabilities and partners’ deficit	$ 1,089	$ 1,225