Note 2 - Investments in and Advances To Local Partnerships: Condensed Combined Balance Sheets of the Local Partnerships (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Condensed Combined Balance Sheets of the Local Partnerships

Condensed Combined Balance Sheets of the Local Partnerships
(in thousands)
	December 31, 2012
Assets:	Unaudited	Material Investee	Total
Land	$    562	$    843	$  1,405
Building and improvements	13,125	8,222	21,347
Accumulated depreciation	(8,578)	(3,967)	(12,545)
Other assets	665	736	1,401
Total assets	$  5,774	$  5,834	$ 11,608
Liabilities and Partners Deficit:
Liabilities:
Mortgage notes payable	$  8,172	$  9,073	$ 17,245
Other liabilities	1,310	9,032	10,342
Partners’ deficit	(3,708)	(12,271)	(15,979)
Total liabilities and partners' deficit	$  5,774	$  5,834	$ 11,608

	December 31, 2011
Assets	Unaudited	Material Investee	Total
Land	$    562	$    843	$  1,405
Building and improvements	13,065	7,714	20,779
Accumulated depreciation	(8,195)	(3,555)	(11,750)
Other assets	619	1,002	1,621
Total assets	$  6,051	$  6,004	$ 12,055
Liabilities and Partners Deficit:
Liabilities:
Mortgage notes payable	$  8,179	$  9,124	$ 17,303
Other liabilities	1,269	9,201	10,470
Partners’ deficit	(3,397)	(12,321)	(15,718)
Total liabilities and partners' deficit	$  6,051	$  6,004	$ 12,055