XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Dec. 30, 2011
Dec. 30, 2010
Dec. 30, 2011
Dec. 30, 2010
Interest $ 870 $ 4,191 $ 8,347 $ 9,915
Other income from local partnerships 2,243 2,243 21,608 22,646
TOTAL REVENUE 3,113 6,434 29,955 32,561
Administration fees 36,006 78,610 108,018 168,029
Management fees 36,006 78,611 108,017 168,030
Professional fees 14,841 13,421 47,359 46,857
State of New Jersey filing fee   4,363   13,264
Printing, postage and other 1,071 5,755 7,446 13,614
TOTAL EXPENSES 87,924 180,760 270,840 409,794
LOSS BEFORE EQUITY IN INCOME OF INVESTMENT IN LOCAL PARTNERSHIPS (84,811) (174,326) (240,885) (377,233)
Equity in income of investment in local partnerships   15,171   99,594
Loss prior to gain (loss) on sale of limited partner interests/local partnership properties (84,811) (159,155) (240,885) (277,639)
Gain (loss) on sale of limited partner interests/local partnership properties   (15,171)   33,871
NET LOSS (84,811) (174,326) (240,885) (243,768)
General partner net loss (84,811) (174,326) (240,885) (243,768)
Limited partners net loss            
NET LOSS per unit of limited partnership interest (35,883 units of limited partnership interest)