Quarterly Results Of Operations (Unaudited)

12 Months Ended

Mar. 31, 2012

Quarterly Financial Data [Abstract]

Quarterly Results Of Operations (Unaudited)

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	$	16,000		$	2,000		$	-		$	2,000
Operating expenses		54,000			35,000			22,000			37,000
Loss from operations		(38,000	)		(33,000	)		(22,000	)		(35,000	)
Gain on sale of Local Limited Partnerships		356,000			-			26,000			-
Net income (loss)		318,000			(33,000	)		4,000			(35,000	)
Net income (loss) available to Limited Partners		315,000			(33,000	)		4,000			(35,000	)
Net income (loss) per Partnership Unit		17			(2	)		-			(2	)

	June 30		September 30			December 31			March 31
2011
Income	$	56,000	$	14,000		$	6,000		$	3,000
Operating expenses		36,000		61,000			35,000			33,000
Loss from operations		20,000		(47,000	)		(29,000	)		(30,000	)
Gain on sale of Local Limited Partnerships		-		25,000			33,000			-
Net income (loss)		20,000		(22,000	)		4,000			(30,000	)
Net income (loss) available to Limited Partners		20,000		(22,000	)		4,000			(30,000	)
Net income (loss) per Partnership Unit		1		(1	)		-			(2	)

	June 30			September 30			December 31			March 31
2010
Income	$	7,000		$	9,000		$	-		$	2,000
Operating expenses		(43,000	)		(76,000	)		(74,000	)		(41,000	)
Loss from operations		(36,000	)		(67,000	)		(74,000	)		(39,000	)
Gain on sale of Local Limited Partnerships		-			-			-			98,000
Net income (loss)		(36,000	)		(67,000	)		(74,000	)		59,000
Net income (loss) available to Limited Partners		(35,000	)		(66,000	)		(73,000	)		58,000
Net income (loss) per Partnership Unit		(2	)		(4	)		(4	)		3