Investments in and Advances to Partnerships (Tables)

6 Months Ended

Jun. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Summarized financial information, Statement of Operations

	For the six months ended
	June 30,
	2013						2012
	Equity Method				Suspended		Equity Method			Suspended
Number of Local Partnerships	1			(a)	—		2		(b)	2			(c)
Revenue:
Rental	$	405,110			$	—	$	699,356		$	494,302
Other	7,557				—		12,218			19,087
Total revenue	412,667				—		711,574			513,389
Expenses:
Operating and other	265,669				—		448,390			259,728
Interest (income) expense	(38,168		)		—		16,984			100,698
Depreciation and amortization	132,874				—		119,856			39,653
Total expenses	360,375				—		585,230			400,079
Net income	$	52,292			$	—	$	126,344		$	113,310
Partnership’s share of Local Partnership net income	$	51,245			$	—	$	127,306		$	—
Advances to Local Partnerships	—				—		—			(10,000		)
Share of income from partnerships	$51,245						$127,306

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	For the three months ended
	June 30,
	2013						2012
	Equity Method				Suspended		Equity Method				Suspended
Number of Local Partnerships	1			(a)	—		2			(b)	2		(c)
Revenue:
Rental	$	201,342			$	—	$	356,113			$	130,182
Other	(45,078		)		—		(39,519		)		378
Total revenue	156,264				—		316,594				130,560
Expenses:
Operating and other	116,335				—		182,717				24,341
Interest (income) expense	(19,084		)		—		8,492				22,345
Depreciation and amortization	66,437				—		59,928				582
Total expenses	163,688				—		251,137				47,268
Net (loss) income	$	(7,424	)		$	—	$	65,457			$	83,292
Partnership’s share of Local Partnership net (loss) income	$	(7,276	)		$	—	$	67,637			$	—
Share of (loss) income from partnerships	$(7,276)						$67,637

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(a) Meadow Lanes

(b) Meadow Lanes; Villa Mirage I

(c) Monterey/Hillcrest (operations through date of sale); Villa Mirage II

Reconciliation of investments in partnerships

The following reconciliation of investments in partnership at June 30, 2013:

Investments in partnerships at December 31, 2012:	$	2,582,473
Share of income from partnership	51,245
Impairment loss	(41,209		)
Investments in partnership at June 30, 2013:	$	2,592,509