Investments in Retirement Community Limited Partnerships

9 Months Ended

Aug. 03, 2013

Investments in Retirement Community Limited Partnerships

Note 5

Investments in Retirement Community Limited Partnerships

The Company’s investment in retirement community limited partnerships include a 31.9% interest in Walden Woods South LLC (“South”) and a 48.5% interest in CRF III, Ltd. (“Cypress Creek”). The fair value of the Cypress Creek investment was $534,793 and $757,924 at August 3, 2013 and November 3, 2012, respectively. The fair value of the South investment is zero at both August 3, 2013 and November 3, 2012.

The following is summarized financial information of South and Cypress Creek*:


	June 30,			September 30,
	2013			2012
Total Assets	$	13,729,968		$	14,159,361
Total Liabilities	$	15,154,769		$	14,829,587
Total Equity	$	(1,424,801	)	$	(670,226	)

*	Due to South and Cypress Creek having a calendar year-end, the summarized financial information provided is from their most recent quarter prior to the period covered by this report.