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

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Condensed Combined Balance Sheets of the Local Partnerships

Condensed Combined Balance Sheets of the Local Partnerships
(in thousands)
	December 31, 2013
Assets:	Unaudited	Material Investee	Total
Land	$  112	$  1,010	$ 1,122
Building and improvements	4,109	9,751	13,860
Accumulated depreciation	(2,355)	(4,393)	(6,748)
Other assets	67	588	655
Total assets	$ 1,933	$  6,956	$ 8,889
Liabilities and Partners Deficit:
Liabilities:
Mortgage notes payable and interest	$ 2,047	$  12,375	$ 14,422
Other liabilities	284	7,093	7,377
Partners’ deficit	(398)	(12,512)	(12,910)
Total liabilities and partners' deficit	$ 1,933	$  6,956	$  8,889

	December 31, 2012
Assets	Unaudited	Material Investee	Total
Land	$   185	$    843	$  1,028
Building and improvements	4,025	8,222	12,247
Accumulated depreciation	(2,241)	(3,967)	(6,208)
Other assets	58	736	794
Total assets	$ 2,027	$  5,834	$  7,861
Liabilities and Partners Deficit:
Liabilities:
Mortgage notes payable	$ 2,047	$  9,073	$ 11,120
Other liabilities	286	9,032	9,318
Partners’ deficit	(306)	(12,271)	(12,577)
Total liabilities and partners' deficit	$ 2,027	$  5,834	$ 7,861