XML 35 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments in Partnerships - Summarized Financial Information - Statement of Operations (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
partnership
Sep. 30, 2012
Schedule of Equity Method Investments [Line Items]        
Number of Local Partnerships     3  
Expenses:        
Cash distributions     $ 137,333 $ 0
Share of income (loss) from partnerships (8,933) 179,945 64,903 782,530
Local Partnerships [Member]
       
Schedule of Equity Method Investments [Line Items]        
Number of Local Partnerships where cumulative losses exceed investment     2 3
Amount of cumulative losses exceeding investment 790,676 806,470 790,676 806,470
Number of Local Partnerships 3 4 3 4
Revenue:        
Rental 516,898 1,253,201 1,819,991 3,722,136
Other 26,192 103,917 81,292 283,564
Total revenue 543,090 1,357,118 1,901,283 4,005,700
Expenses:        
Operating 414,737 759,572 1,508,478 2,288,485
Interest 29,666 156,185 123,084 468,555
Depreciation and amortization 74,470 197,363 253,471 592,090
Total expenses 518,873 1,113,120 1,885,033 3,349,130
Net Income 24,217 243,998 16,250 656,570
Cash distributions 0 177,180 137,333 774,234
Cash distributions recorded as income 0 177,180 128,312 774,234
Partnership's share of Local Partnership net income (8,933) 2,765 (63,409) 8,296
Share of income (loss) from partnerships (8,933) 179,945 64,903 782,530
Local Partnership Equity Method [Member]
       
Schedule of Equity Method Investments [Line Items]        
Number of Local Partnerships 1 [1] 1 [1] 1 [1] 1 [1]
Revenue:        
Rental 201,175 177,839 601,264 533,516
Other 3,474 36,611 13,047 109,831
Total revenue 204,649 214,450 614,311 643,347
Expenses:        
Operating 181,917 180,572 583,102 541,715
Interest 0 0 0 0
Depreciation and amortization 31,757 31,083 95,270 93,251
Total expenses 213,674 211,655 678,372 634,966
Net Income (9,025) 2,795 (64,061) 8,381
Cash distributions 0 0 9,021 0
Cash distributions recorded as income 0 0 0 0
Partnership's share of Local Partnership net income (8,933) 2,765 (63,409) 8,296
Share of income (loss) from partnerships (8,933) 2,765 (63,409) 8,296
Local Partnership Equity Method Suspended [Member]
       
Schedule of Equity Method Investments [Line Items]        
Number of Local Partnerships 2 [2] 3 [3] 2 [2] 3 [3]
Revenue:        
Rental 315,723 1,075,362 1,218,727 3,188,620
Other 22,718 67,306 68,245 173,733
Total revenue 338,441 1,142,668 1,286,972 3,362,353
Expenses:        
Operating 232,820 579,000 925,376 1,746,770
Interest 29,666 156,185 123,084 468,555
Depreciation and amortization 42,713 166,280 158,201 498,839
Total expenses 305,199 901,465 1,206,661 2,714,164
Net Income 33,242 241,203 80,311 648,189
Cash distributions 0 177,180 128,312 774,234
Cash distributions recorded as income 0 177,180 128,312 774,234
Partnership's share of Local Partnership net income 0 0 0 0
Share of income (loss) from partnerships $ 0 $ 177,180 $ 128,312 $ 774,234
[1] Tradewinds
[2] Northridge; Westport Village
[3] Fairway Park; Northridge; Westport Village