5. Investment in Local Partnerships: Statements of Operations of Fulton Street Houses (Tables)

12 Months Ended

Mar. 30, 2019

Tables/Schedules

Statements of Operations of Fulton Street Houses

	2018	2017
REVENUE
Rental	$         427,850	$         429,155
Interest and other	3,993	2,734
Total Revenue	431,843	431,889
EXPENSES
Administrative	41,624	55,049
Payroll	84,324	73,709
Utilities	68,661	80,754
Operating and maintenance	70,739	79,768
Taxes and insurance	106,858	76,798
Financial	48,072	47,363
Depreciation	241,125	249,204
Total Expenses	661,403	662,645
NET LOSS	$       (229,560)	$       (230,756)
NET LOSS ATTRIBUTABLE TO
American Tax Credit Properties III L.P.	$                  --	$                  --
General partner (includes $227,264 and $228,448 of Partnership losses in excess of investment)	(229,560)	(230,756)
	$(229,560)	$(230,756)