BALANCE SHEETS (USD $)	Sep. 29, 2011	Mar. 30, 2011
Cash and cash equivalents	$ 227,308	$ 205,400
Investment in Pemberwick Fund	785,514	799,505
Investment in bond	91,000	99,873
Total cash and liquid investments	1,103,822	1,104,778
Interest receivable	99	123
Investment in local partnerships	2,376,751	2,297,912
Total assets	3,480,672	3,402,813
Accounts payable and accrued expenses	14,147	31,628
Payable to manager and affiliates	902,332	808,871
Total liabilities	916,479	840,499
Manager	(138,152)	(138,396)
Beneficial owners (18,654 units of beneficial ownership interest outstanding)	2,711,188	2,687,011
Accumulated other comprehensive income (loss)	(8,843)	13,699
Total equity	2,564,193	2,562,314
Total liabilities & equity	$ 3,480,672	$ 3,402,813