Quarterly Results Of Operations

12 Months Ended

Mar. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results Of Operations

NOTE 4 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the quarterly operations for the years ended March 31 (rounded):

	June 30			September 30			December 31			March 31
2012
Income	$	1,000		$	6,000		$	-		$	8,000
Operating expenses		(51,000	)		(31,000	)		(13,000	)		(20,000	)
Loss from operations		(50,000	)		(25,000	)		(13,000	)		(12,000	)
Gain on sale of Local Limited Partnerships		39,000			17,000			77,000			-
Net income (loss)		(11,000	)		(8,000	)		64,000			(12,000	)
Net income (loss) available to Limited Partners		(11,000	)		(8,000	)		64,000			(12,000	)
Net income (loss) per Partnership Unit		(2	)		(1	)		9			(2	)

	June 30			September 30			December 31			March 31
2011
Income	$	10,000		$	1,000		$	-		$	2,000
Operating expenses		(28,000	)		(60,000	)		(28,000	)		(29,000	)
Loss from operations		(18,000	)		(59,000	)		(28,000	)		(27,000	)
Gain on sale of Local Limited Partnerships		-			50,000			41,000			30,000
Net income (loss)		(18,000	)		(9,000	)		13,000			3,000
Net income (loss) available to Limited Partners		(18,000	)		(9,000	)		13,000			3,000
Net income (loss) per Partnership Unit		(3	)		(1	)		2			-

	June 30			September 30			December 31			March 31
2010
Income	$	2,000		$	-		$	1,000		$	-
Operating expenses		(35,000	)		(92,000	)		(30,000	)		(23,000	)
Loss from operations		(33,000	)		(92,000	)		(29,000	)		(23,000	)
Gain on sale of Local Limited Partnerships		20,000			28,000			-			(6,000	)
Net loss		(13,000	)		(64,000	)		(29,000	)		(29,000	)
Net loss available to Limited Partners		(13,000	)		(64,000	)		(29,000	)		(28,000	)
Net loss per Partnership Unit		(2	)		(9	)		(4	)		(4	)