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Note 1 - Organization and Summary of Significant Accounting Policies: Mortgage Note Receivable (Policies)	3 Months Ended
Mar. 31, 2015
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 March 31, 2015 and December 31, 2014. No further impairments were recognized during the three months ended March 31, 2015 or 2014. See “Note 3 – Mortgage Note Receivable” for further information.

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

3 Months Ended

Mar. 31, 2015

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 March 31, 2015 and December 31, 2014. No further impairments were recognized during the three months ended March 31, 2015 or 2014. See “Note 3 – Mortgage Note Receivable” for further information.