BALANCE SHEETS (USD $)	Mar. 30, 2012	Mar. 30, 2011
Cash and cash equivalents	$ 405,951	$ 205,400
Investment in Pemberwick Fund - a short duration bond fund	801,449	799,505
Investment in bond		99,873
Total cash and liquid investments	1,207,400	1,104,778
Interest receivable		123
Investment in local partnerships	2,267,000	2,297,912
Total assets	3,474,400	3,402,813
Accounts payable and accrued expenses	26,325	31,628
Payable to manager and affiliates	895,347	808,871
Total liabilities	921,672	840,499
Commitments and contingencies
Manager	(138,370)	(138,396)
Beneficial owners (18,654 units of beneficial ownership interest outstanding)	2,689,570	2,687,011
Accumulated other comprehensive income	1,528	13,699
Total equity	2,552,728	2,562,314
Total liabilities & equity	$ 3,474,400	$ 3,402,813