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5. Investment in Local Partnerships: Balance Sheets of Fulton Street Houses (Details) - Combined Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
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 246,992 462,758
Other assets 57,304 109,294
Total assets 532,535 722,125
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
Total liabilities 5,792,962 5,752,992
American Tax Credit Properties III L.P. Capital contributions, net of distributions 1,948,081 1,948,081
American Tax Credit Properties III L.P. Cumulative loss (1,948,081) (1,948,081)
Total American Tax Credit Properties III L.P. 0 0
General Partner Capital contributions, net of distributions 100 100
General Partner Cumulative loss (5,260,527) (5,030,967)
Total General partner (5,260,427) (5,030,867)
Total equity (deficit) (5,260,427) (5,030,867)
Total liabilities & equity (deficit) $ 532,535 $ 722,125