Note 3 - Mortgage Note Receivable: Summary of the mortgage note receivable activity (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Summary of the mortgage note receivable activity

The following is a summary of the mortgage note receivable activity for the years ended December 31, 2012 and 2011 (in thousands):
	2012	2011
Mortgage note receivable balance, beginning of year	$ 3,674	$ 3,761
Equity in losses of Local Partnership	(141)	(37)
Impairment loss	--	(50)
Mortgage note receivable balance, end of year	$ 3,533	$ 3,674