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Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Interest income $ 12 $ 0 $ 12 $ 0
Operating Expenses:        
Management fees - general partner 26 47 53 93
General and administrative 16 19 26 30
Tax expense 3 22 7 57
Legal and accounting 23 21 43 37
Total operating expenses 68 109 129 217
Loss from partnership operations (56) (109) (117) (217)
Gain from sales of limited partnership interests in Local Partnerships 3,652 31 3,652 1,031
Distributions from Local Partnerships recognized as income 0 10 0 10
Equity in loss of Local Partnerships and amortization of acquisition costs (43) (7) (98) (66)
Net income (loss) 3,553 (75) 3,437 758
Net income (loss) allocated to general partner (1%) 36 (1) 34 8
Net income (loss) allocated to limited partners (99%) $ 3,517 $ (74) $ 3,403 $ 750
Net income (loss) per limited partnership interest $ 48.71 $ (1.02) $ 47.13 $ 10.38