5. Investment in Local Partnerships: Combined Balance Sheets of the Local Partnerships (Tables)

12 Months Ended

Mar. 30, 2018

Tables/Schedules

Combined Balance Sheets of the Local Partnerships

	2017	2016
ASSETS
Cash and cash equivalents	$   134,233	$    91,918
Rents receivable	10,959	7,448
Escrow deposits and reserves	4,879	57,171
Land	2	2
Buildings and improvements (net of accumulated depreciation of $5,692,901 and $5,443,697)	462,758	631,253
Other assets	109,294	113,959
	$   722,125	$   901,751
LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
Liabilities
Accounts payable and accrued expenses	$    37,617	$      34,374
Due to related parties	657,410	657,403
Mortgage loans	3,869,930	3,869,930
Accrued interest	1,146,641	1,099,278
Other liabilities	41,394	40,877
	5,752,992	5,701,862
Partners' equity (deficit)
American Tax Credit Properties III L.P.
Capital contributions, net of distributions	1,948,081	1,948,081
Cumulative loss	(1,948,081)	(1,948,081)
	--	--
General partner
Capital contributions, net of distributions	100	100
Cumulative loss	(5,030,967)	(4,800,211)
	(5,030,867)	(4,800,111)
	(5,030,867)	(4,800,111)
	$   722,125	$   901,751