BALANCE SHEETS (USD $)	Dec. 30, 2012	Mar. 30, 2012
Cash and cash equivalents	$ 116,332	$ 405,951
Investment in Pemberwick Fund, a short duration bond fund	816,654	801,449
Total cash and liquid investments	932,986	1,207,400
Investment in local partnerships	2,393,819	2,267,000
Total assets	3,326,805	3,474,400
Accounts payable and accrued expenses	19,600	26,325
Payable to manager and affiliates	776,178	895,347
Total liabilities	795,778	921,672
Commitments and contingencies
Manager	(138,662)	(138,370)
Beneficial owners (18,654 units of beneficial ownership interest outstanding)	2,660,698	2,689,570
Accumulated other comprehensive income	8,991	1,528
Total equity (deficit)	2,531,027	2,552,728
Total liabilities & equity (deficit)	$ 3,326,805	$ 3,474,400