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

12 Months Ended

Dec. 31, 2019

Tables/Schedules

Condensed Combined Balance Sheets of the Local Partnerships

Condensed Combined Balance Sheets of the Local Limited Partnership (in thousands – unaudited)
	December 31,
	2019	2018
Assets:
Land	$ 345	$ 345
Buildings and improvements	2,907	2,894
Accumulated depreciation	(2,546)	(2,458)
Other assets	144	119
Total Assets	$ 850	$ 900
Liabilities and Partners’ Deficit:
Mortgage notes payable	$ 604	$ 618
Other liabilities	1,386	1,387
Partners’ deficit	(1,140)	(1,105)
Total Liabilities and partners’ deficit	$ 850	$ 900