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

12 Months Ended

Mar. 30, 2018

Tables/Schedules

Combined Statements of Operations of the Local Partnerships

	2017	2016
REVENUE
Rental	$         429,155	$         981,398
Interest and other	2,734	13,908
Total Revenue	431,889	995,306
EXPENSES
Administrative	55,049	120,345
Payroll	73,709	113,930
Utilities	80,754	134,945
Operating and maintenance	79,768	166,953
Taxes and insurance	76,798	149,389
Financial	47,363	151,177
Depreciation and amortization	249,204	380,435
Total Expenses	662,645	1,217,174
LOSS BEFORE GAIN ON SALE OF PROPERTY	(230,756)	(221,868)
GAIN ON SALE OF PROPERTY	--	711,374
NET INCOME (LOSS)	$       (230,756)	$         489,506
NET INCOME (LOSS) ATTRIBUTABLE TO
American Tax Credit Properties III L.P.	$                  --	$                  --
General partners and other limited partners (includes $228,448 and $217,171 of Partnership losses in excess of investment and specially allocated income of $702,870 in 2016)	(230,756)	489,506
	$    (230,756)	$     489,506