Note 2 - Investments in and Advances To Local Partnerships: Estimated condensed combined statements of operations for Local Partnerships (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Estimated condensed combined statements of operations for Local Partnerships

Condensed Combined Results of Operations of the Local Partnerships
(in thousands)
	December 31, 2014
	Unaudited	Material Investee	Total
Rental and other	$ 412	$ 2,708	$ 3,120
Expenses:
Operating expenses	413	1,882	2,295
Interest and entity expenses	24	645	669
Depreciation and amortization	107	434	541
Total expenses	544	2,961	3,505
Income (loss) from continuing operations	$ (132)	$ (253)	$ (385)

Condensed Combined Results of Operations of the Local Partnerships
(in thousands)
	December 31, 2013
	Unaudited	Material Investee	Total
Rental and other	$ 430	$ 2,433	$ 2,863
Expenses:
Operating expenses	384	1,648	2,032
Interest and entity expenses	24	599	623
Depreciation and amortization	114	430	544
Total expenses	522	2,677	3,199
Income (loss) from continuing operations	$ (92)	$ (244)	$ (336)