Discontinued Operations (Table)

9 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of consolidated balance sheets of discontinued operations

Consolidated Balance Sheets:
		December 31,	March 31,
		2013	2013
	Assets
	Liabilities

Schedule of consolidated statement of operations of discontinued operations

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2013		2012*		2013		2012*
Revenues
Rental income	$	187,813	$	412,259	$	562,267	$	1,343,291
Other		(7,366)		(22,246)		(12,787)		21,068
Gain on sale of properties(Note 4)		165,728		2,419,601		165,728		5,336,670
Total revenue		346,175		2,809,614		715,208		6,701,029
Expenses
General and administrative		50,166		88,251		110,504		322,152
General and administrative-related parties (Note 2)		10,783		24,922		32,171		83,499
Repairs and maintenance		37,734		74,573		61,160		237,064
Operating and other		58,876		77,998		158,265		234,042
Real estate taxes		3,437		8,664		10,312		30,946
Insurance		5,163		15,730		18,242		47,446
Interest		29,466		73,479		74,641		241,049
Depreciation and amortization		26,167		47,326		79,586		143,686
Total expenses		221,792		410,943		544,881		1,339,884
Income from discontinued operations		124,383		2,398,671		170,327		5,361,145
Noncontrolling interest in loss (income) of subsidiaries from discontinued operations		865,019		(628,344)		865,010		(1,089,405)
Income from discontinued operations – Independence Tax Credit Plus IV	$	989,402	$	1,770,327	$	1,035,337	$	4,271,740
Income from discontinued operations – limited partners	$	979,508	$	1,752,624	$	1,024,984	$	4,229,022
Number of BACs outstanding		45,844		45,844		45,844		45,844
Income from discontinued operations– limited partners- per weighted average BAC	$	21.36	$	38.23	$	22.36	$	92.25
* Reclassified for comparative purpose.

Schedule of consolidated cash flows statement of discontinued operations

Cash Flows from Discontinued Operations:
	Nine Months Ended
	December 31,
		2013		2012*
Net cash provided by operating activities	$	2,746,525	$	1,296,962
Net cash provided by investing activities	$	241,826	$	3,611,972
Net cash used in financing activities	$	(3,013,895)	$	(5,034,517)
* Reclassified for comparative purposes.