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Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)	9 Months Ended
Sep. 30, 2014
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. During the quarter ended March 31, 2013 it was determined there was an impairment of $55,000 which reduced the mortgage note receivable to $3,478,000. This amount was recorded as Equity in losses of Local Limited Partnerships. The Partnership has recorded its mortgage note receivable at the impaired balance of $3,478,000 at September 30, 2014 and December 31, 2013. No further impairments were recognized during the nine months ended September 30, 2014 or 2013. See “Note 3 – Mortgage Note Receivable” for further information.

Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)

9 Months Ended

Sep. 30, 2014

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. During the quarter ended March 31, 2013 it was determined there was an impairment of $55,000 which reduced the mortgage note receivable to $3,478,000. This amount was recorded as Equity in losses of Local Limited Partnerships. The Partnership has recorded its mortgage note receivable at the impaired balance of $3,478,000 at September 30, 2014 and December 31, 2013. No further impairments were recognized during the nine months ended September 30, 2014 or 2013. See “Note 3 – Mortgage Note Receivable” for further information.