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

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Condensed Combined Balance Sheets of the Local Partnerships

Condensed Combined Balance Sheets of the Local Partnerships
(in thousands)
	December 31, 2014
Assets:	Unaudited	Material Investee	Total
Land	$ 112	$ 1,013	$ 1,125
Building and improvements	4,109	10,599	14,708
Accumulated depreciation	(2,462)	(4,821)	(7,283)
Other assets	37	595	632
Total assets	$ 1,796	$ 7,386	$ 9,182
Liabilities and Partners Deficit:
Liabilities:
Mortgage notes payable and interest	$ 2,047	$ 19,785	$ 21,832
Other liabilities	277	366	643
Partners’ deficit	(528)	(12,765)	(13,293)
Total liabilities and partners' deficit	$ 1,796	$ 7,386	$ 9,182

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	$ 19,046	$ 21,093
Other liabilities	284	422	706
Partners’ deficit	(398)	(12,512)	(12,910)
Total liabilities and partners' deficit	$ 1,933	$ 6,956	$ 8,889