Commitments and Contingencies	12 Months Ended
Mar. 31, 2017
Disclosure Text Block [Abstract]
Commitments and Contingencies	NOTE 13 – Commitments and Contingencies a) Liquidity At March 31, 2017, the Partnership’s assets exceeded liabilities by approximately $576,000 and for the year ended March 31, 2017, the Partnership recognized net income of approximately $4,630,000, including gain on sale of properties of approximately $5,223,000. The Partnership is planning to dispose of its remaining investment. It is anticipated that this process will continue to take from six to 12 months. However, the proceeds from such sales received by the Partnership from the remaining investment will not be sufficient to return to the limited partners their original investments. All of the mortgage payable balance of $1,544,366 and the accrued interest payable balance of $57,991 is of a nonrecourse nature and secured by the remaining property. The Partnership is currently in the process of developing a plan to dispose of its last remaining investment. Historically, the mortgage notes and accrued interest thereon have been assumed by the buyer in instances of sales of the Partnership’s interest or have been paid off from sales proceeds in instances of sales of the property. In most instances when the Partnership’s interest was sold and liabilities were assumed, the Partnership recognized a gain from the sale. The Partnership owns the limited partner interest in its remaining investment, and as such has no financial responsibility to fund operating losses incurred by the Local Partnership. The maximum loss the Partnership would incur is its net investment in the Local Partnership. Dispositions of any investment in the remaining Local Partnership are not anticipated to impact the future results of liquidity or financial condition of the Partnership. The Partnership has unconsolidated cash reserves of approximately $1,841,000 at March 31, 2017. Such amount is considered sufficient to cover the Partnership’s day to day operating expenses, excluding fees to the General Partner, for at least the next fiscal year. The Partnership’s operating expenses, excluding the Local Partnerships’ expenses and related party expenses amounted to approximately $448,000 for the year ended March 31, 2017. b) Uninsured Cash and Cash Equivalents The Partnership and its subsidiary partnerships maintain their cash and cash equivalents in various banks. The accounts at each bank are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per entity per institution. At March 31, 2017, uninsured cash and cash equivalents amounted to approximately $1,591,000. c) Cash Distributions Cash distributions from the Local Partnerships to the Partnership are restricted by the provisions of the respective agreements of limited partnership of the Local Partnerships. e) Property Management Fees Property management fees incurred by the Local Partnerships amounted to $79,047 and $290,793 for the years ended March 31, 2017 and 2016, respectively. Of these fees $79,047 and $278,454 were incurred to the Local General Partners for the years ended March 31, 2017 and 2016, respectively, all of which relate to discontinued operations for the years ended March 31, 2017 and 2016, respectively. e) Other The Partnership is subject to the risks incidental to potential losses arising from the management and ownership of improved real estate and poor economic conditions. The Partnership and BACs holders began to recognize Tax Credits with respect to a Property when the Credit Period for such Property commenced. The Credit Period generally runs for ten years from the date it commenced with respect to each eligible Property. Because of the time required for the acquisition, completion and rent-up of Properties, as expected, the amount of Tax Credits per BAC gradually increased over the first three years of the Partnership. Tax Credits not recognized in the first three years were recognized in the 11th through 13th years. As of December 31, 2012, the remaining Local Partnership had completed its Credit Period and Compliance Period. f) Subsequent Events We evaluated all subsequent events from the consolidated balance sheet date through the issuance date of this report and determined that there were no events or transactions occurring during this subsequent event reporting period, which require recognition or disclosure in the consolidated financial statements.

NOTE 13 – Commitments and Contingencies

a) Liquidity

At March 31, 2017, the Partnership’s assets exceeded liabilities by approximately $576,000 and for the year ended March 31, 2017, the Partnership recognized net income of approximately $4,630,000, including gain on sale of properties of approximately $5,223,000. The Partnership is planning to dispose of its remaining investment. It is anticipated that this process will continue to take from six to 12 months. However, the proceeds from such sales received by the Partnership from the remaining investment will not be sufficient to return to the limited partners their original investments.

All of the mortgage payable balance of $1,544,366 and the accrued interest payable balance of $57,991 is of a nonrecourse nature and secured by the remaining property. The Partnership is currently in the process of developing a plan to dispose of its last remaining investment. Historically, the mortgage notes and accrued interest thereon have been assumed by the buyer in instances of sales of the Partnership’s interest or have been paid off from sales proceeds in instances of sales of the property. In most instances when the Partnership’s interest was sold and liabilities were assumed, the Partnership recognized a gain from the sale. The Partnership owns the limited partner interest in its remaining investment, and as such has no financial responsibility to fund operating losses incurred by the Local Partnership. The maximum loss the Partnership would incur is its net investment in the Local Partnership. Dispositions of any investment in the remaining Local Partnership are not anticipated to impact the future results of liquidity or financial condition of the Partnership.

The Partnership has unconsolidated cash reserves of approximately $1,841,000 at March 31, 2017. Such amount is considered sufficient to cover the Partnership’s day to day operating expenses, excluding fees to the General Partner, for at least the next fiscal year. The Partnership’s operating expenses, excluding the Local Partnerships’ expenses and related party expenses amounted to approximately $448,000 for the year ended March 31, 2017.

b) Uninsured Cash and Cash Equivalents

The Partnership and its subsidiary partnerships maintain their cash and cash equivalents in various banks. The accounts at each bank are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per entity per institution. At March 31, 2017, uninsured cash and cash equivalents amounted to approximately $1,591,000.

c) Cash Distributions

Cash distributions from the Local Partnerships to the Partnership are restricted by the provisions of the respective agreements of limited partnership of the Local Partnerships.

e) Property Management Fees

Property management fees incurred by the Local Partnerships amounted to $79,047 and $290,793 for the years ended March 31, 2017 and 2016, respectively. Of these fees $79,047 and $278,454 were incurred to the Local General Partners for the years ended March 31, 2017 and 2016, respectively, all of which relate to discontinued operations for the years ended March 31, 2017 and 2016, respectively.

e) Other

The Partnership is subject to the risks incidental to potential losses arising from the management and ownership of improved real estate and poor economic conditions.

The Partnership and BACs holders began to recognize Tax Credits with respect to a Property when the Credit Period for such Property commenced. The Credit Period generally runs for ten years from the date it commenced with respect to each eligible Property. Because of the time required for the acquisition, completion and rent-up of Properties, as expected, the amount of Tax Credits per BAC gradually increased over the first three years of the Partnership. Tax Credits not recognized in the first three years were recognized in the 11th through 13th years. As of December 31, 2012, the remaining Local Partnership had completed its Credit Period and Compliance Period.

f) Subsequent Events

We evaluated all subsequent events from the consolidated balance sheet date through the issuance date of this report and determined that there were no events or transactions occurring during this subsequent event reporting period, which require recognition or disclosure in the consolidated financial statements.