BALANCE SHEETS (USD $)	Dec. 30, 2011	Mar. 30, 2011
Cash and cash equivalents	$ 215,604	$ 205,400
Investment in Pemberwick Fund	787,705	799,505
Investment in bond		99,873
Total cash and liquid investments	1,003,309	1,104,778
Interest receivable		123
Investment in local partnerships	2,426,782	2,297,912
Total assets	3,430,091	3,402,813
Accounts payable and accrued expenses	19,290	31,628
Payable to manager and affiliates	848,619	808,871
Total liabilities	867,909	840,499
Commitments and contingencies
Manager	(138,164)	(138,396)
Beneficial owners (18,654 units of beneficial ownership interest outstanding)	2,709,985	2,687,011
Accumulated other comprehensive income (loss)	(9,639)	13,699
Total equity	2,562,182	2,562,314
Total liabilities & equity	$ 3,430,091	$ 3,402,813