5. Investment in Local Partnerships: Balance Sheets of Fulton Street Houses (Tables)

12 Months Ended

Mar. 30, 2019

Tables/Schedules

Balance Sheets of Fulton Street Houses

	2018	2017
ASSETS
Cash and cash equivalents	$       194,455	$       134,233
Rents receivable	6,645	10,959
Escrow deposits and reserves	27,137	4,879
Land	2	2
Buildings and improvements (net of accumulated depreciation of $5,936,955 and $5,692,901)	246,992	462,758
Other assets	57,304	109,294
	$         532,535	$         722,125
LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
Liabilities
Accounts payable and accrued expenses	$         29,421	$         37,617
Due to related parties	657,424	657,410
Mortgage loans	3,869,930	3,869,930
Accrued interest	1,194,950	1,146,641
Other liabilities	41,237	41,394
	5,792,962	5,752,992
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	(5,260,527)	(5,030,967)
	(5,260,427)	(5,030,867)
	(5,260,427)	(5,030,867)
	$         532,535	$         722,125