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STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Dec. 30, 2011
Dec. 30, 2010
Dec. 30, 2011
Dec. 30, 2010
Interest $ 3,414 $ 5,532 $ 8,302 $ 14,714
Other income from local partnerships 3,250   6,250 2,500
TOTAL REVENUE 6,664 5,532 14,552 17,214
Management fee 48,036 48,036 144,107 144,107
Professional fees 9,342 9,931 28,011 25,075
Printing, postage and other 532 4,076 3,630 9,759
TOTAL EXPENSES 57,910 62,043 175,748 178,941
LOSS BEFORE EQUITY IN INCOME OF INVESTMENT IN LOCAL PARTNERSHIPS (51,246) (56,511) (161,196) (161,727)
Equity in income of investment in local partnerships 50,031 55,711 184,402 167,012
NET INCOME (LOSS) (1,215) (800) 23,206 5,285
Manager income (loss) (12) (8) 232 53
Beneficial owners income (loss) $ (1,203) $ (792) $ 22,974 $ 5,232
NET INCOME (LOSS) per unit of beneficial ownership interest (18,654 units of beneficial ownership interest) $ (0.07) $ (0.04) $ 1.23 $ 0.28