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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 4,629,845 $ 10,210,520 [1]
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities    
Depreciation and amortization 5,415 30,272
Amortization of debt issuance costs 3,712 110,991
Gain on sale of property (5,223,004) (10,604,339)
Changes in operating assets and liabilities:    
Decrease (increase) in cash held in escrow 11,004 (31,211)
Decrease in due from local general partners and affiliates   427
(Increase) decrease in other assets (233,413) 29,853
Increase in accounts payable 55,122 33,101
Increase in accrued interest payable 2,209 2,411
(Decrease) increase in security deposit payable (802) 13,916
Increase in due to local general partners and affiliates   96,261
Increase in due from general partner and affiliates (56,111)  
Decrease in due to general partner and affiliates (3,692) (2,320,806)
Total adjustments (5,439,560) (12,639,124)
Net cash used in operating activities (809,715) (2,428,604)
Cash flows from financing activities:    
(Increase) decrease in cash held in escrow (15,206) 18,872
Acquisition of property and equipment   (66,498)
Proceeds from sale of property 2,123,462 10,100,000
Costs paid relating to sale of property   (3,189,917)
Net repayments from local general partners and affiliates 105,224  
Net cash provided by investing activities 2,213,480 6,862,457
Cash flows from financing activities    
Repayments of mortgage notes (163,373) (181,693)
Distributions to noncontrolling interests   (4,091,448)
Net cash used in financing activities (163,373) (4,273,141)
Net increase in cash and cash equivalents 1,240,392 160,712
Cash and cash equivalents at beginning of period 867,364 706,652
Cash and cash equivalents at end of period 2,107,756 867,364
Supplemental disclosure of cash flows information:    
Cash paid during the year for interest 133,543 282,674
Summarized below are the components of the gain on sale of property:    
Proceeds from sale of property (2,123,462) (10,100,000)
Costs paid relating to sale of property   3,189,917
Property and equipment, net of accumulated depreciation 125,814 946,193
Other assets 298,500 135,180
Cash held in escrow 401,180 174,430
Accounts payable and other liabilities (104,217) (110,193)
Mortgage payable (3,106,769) (4,388,430)
Accrued interest (8,590) (69,244)
Security deposits (132,033) (36,198)
Due to local general partners and affiliates (491,572) (323,993)
Due to general partners and affiliates (81,855) (138,182)
Interest rate swap   (20,000)
Capital contributions (distributions)   136,181
Discontinued Operations, Disposed of by Sale    
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities    
Gain on sale of property $ (5,223,004) $ (10,604,339)
[1] Reclassified for comparative purposes.