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STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Jun. 29, 2012
Jun. 29, 2011
Interest $ 2,697 $ 4,888
Other income from local partnerships 3,750 3,000
TOTAL REVENUE 6,447 7,888
Management fee 44,909 48,036
Professional fees 8,382 9,916
Printing, postage and other 1,118 968
TOTAL EXPENSES 54,409 58,920
LOSS BEFORE EQUITY IN INCOME OF INVESTMENT IN LOCAL PARTNERSHIPS (47,962) (51,032)
Equity in income of investment in local partnerships 94,329 76,652
NET INCOME 46,367 25,620
Manager income 464 256
Beneficial owners income $ 45,903 $ 25,364
NET INCOME per unit of beneficial ownership interest (18,654 units of beneficial ownership interest) $ 2.46 $ 1.36