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STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Dec. 30, 2012
Dec. 30, 2011
Dec. 30, 2012
Dec. 30, 2011
Interest $ 3,130 $ 3,414 $ 8,440 $ 8,302
Other income from local partnerships 2,500 3,250 6,250 6,250
TOTAL REVENUE 5,630 6,664 14,690 14,552
Management fee 44,910 48,036 134,728 144,107
Professional fees 10,064 9,342 31,277 28,011
Printing, postage and other 2,056 532 9,368 3,630
TOTAL EXPENSES 57,030 57,910 175,373 175,748
LOSS BEFORE EQUITY IN INCOME OF INVESTMENT IN LOCAL PARTNERSHIPS (51,400) (51,246) (160,683) (161,196)
Equity in income of investment in local partnerships 25,392 50,031 131,519 184,402
NET INCOME (LOSS) (26,008) (1,215) (29,164) 23,206
Manager income (loss) (260) (12) (292) 232
Beneficial owners income (loss) $ (25,748) $ (1,203) $ (28,872) $ 22,974
NET INCOME (LOSS) per unit of beneficial ownership interest (18,654 units of beneficial ownership interest) $ (1.38) $ (0.07) $ (1.55) $ 1.23