XML 13 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)
6 Months Ended
Jun. 30, 2013
Policies  
Mortgage Note Receivable

Mortgage Note Receivable

 

The Partnership reviews its mortgage note receivable whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.  The Partnership has recorded its mortgage note receivable at June 30, 2013 and December 31, 2012 at the amount at which the Partnership acquired the mortgage note receivable during 2006 less equity in loss recognized with respect to the Local Partnership that is obligated under the mortgage note.  An impairment was not recognized during the six months ended June 30, 2013 or 2012.  See “Note 3 – Mortgage Note Receivable” for further information.