5. Investment in Local Partnerships: Combined Balance Sheets of the Local Partnerships (Tables)

12 Months Ended

Mar. 30, 2018

Tables/Schedules

Combined Balance Sheets of the Local Partnerships

	2017	2016
ASSETS
Cash and cash equivalents	$      75,844	$      179,344
Rents receivable	5,065	28,960
Escrow deposits and reserves	386,784	1,296,653
Land	179,799	179,799
Buildings and improvements (net of accumulated depreciation of $5,593,736 and $7,820,447)	3,464,656	6,037,801
Other assets	82,650	105,387
	$    4,194,798	$    7,827,944
LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
Liabilities
Accounts payable and accrued expenses	$       11,899	$      39,284
Due to related parties	56,474	861,622
Mortgages and notes payable	4,609,748	6,236,502
Accrued interest	324,377	2,075,697
Other liabilities	36,264	53,034
	5,038,762	9,266,139
Partners' equity (deficit)
American Tax Credit Trust, Series I
Capital contributions, net of distributions	1,405,544	3,775,145
Cumulative loss	(1,197,744)	(3,273,345)
	207,800	501,800
General partners and other limited partners
Capital contributions, net of distributions	100	(5,897)
Cumulative loss	(1,051,864)	(1,934,098)
	(1,051,764)	(1,939,995)
	(843,964)	(1,438,195)
	$    4,194,798	$    7,827,944