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

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Condensed Combined Results of Operations of the Local Partnerships

Condensed Combined Results of Operations of the Local Partnerships
(in thousands)
	For the year Ended December 31, 2012			For the year Ended December 31, 2011
	Unaudited	Material Investee	Total	Unaudited	Material Investee	Total
Rental and other revenue	$ 1,406	$ 2,288	$ 3,694	$ 1,442	$ 2,200	$ 3,642
Expenses:
Operating expenses	1,085	1,837	2,922	1,096	1,574	2,670
Interest	245	(15)	230	250	673	923
Depreciation and amortization	387	417	804	399	437	836
Total expenses	1,717	2,239	3,956	1,745	2,684	4,429
Income (loss) from continuing operations	$  (311)	$    49	$  (262)	$  (303)	$  (484)	$  (787)