5. Investment in Local Partnerships: Combined Statements of Operations of the Local Partnerships (Tables)

12 Months Ended

Mar. 30, 2016

Tables/Schedules

Combined Statements of Operations of the Local Partnerships

	2015	2014
REVENUE
Rental	$     2,298,420	$     3,285,530
Interest and other	32,970	79,115
Total Revenue	2,331,390	3,364,645
EXPENSES
Administrative	284,119	578,136
Payroll	311,376	486,280
Utilities	299,113	370,158
Operating and maintenance	429,266	627,612
Taxes and insurance	241,695	464,288
Financial	472,459	716,936
Depreciation and amortization	667,464	895,273
Total Expenses	2,705,492	4,138,683
LOSS BEFORE GAIN ON SALE OF PROPERTY	(374,102)	(774,038)
GAIN ON SALE OF PROPERTY	--	1,925,353
NET INCOME (LOSS)	$       (374,102)	$     1,151,315
NET INCOME (LOSS) ATTRIBUTABLE TO
American Tax Credit Properties III L.P.	$                   --	$                   --
General partners and other limited partners (includes $357,472 and $563,127 of Partnership losses in excess of investment and specially allocated income of $0 and $1,730,073)	(374,102)	1,151,315
	$       (374,102)	$     1,151,315