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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 1,468,906 $ 5,020,696
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 847 3,405
Amortization of debt issuance costs 288 1,170
Gain on sale of property (1,803,747) (5,247,186)
Changes in assets and liabilities:    
Decrease in cash held in escrow 7,532 625
Increase in other assets (103,664) (156,097)
Decrease in accounts payable (49,789) (62,540)
Increase in accrued interest payable   5,021
Increase in security deposit payable 1,000 1,076
Increase in due from general partner and affiliates 56,111  
Increase in due to general partner and affiliates 55,510 135,448
Total adjustments (1,835,912) (5,319,078)
Net cash used in operating activities (367,006) (298,382)
Cash flows from investing activities:    
(Increase) decrease in cash held in escrow (8,547) 4,267
Net repayments to local general partners and affiliates 22,468 56,363
Proceeds from sale of property 400,000 2,120,988
Costs paid relating to sale of property (10,495)  
Net cash provided by investing activities 403,426 2,181,618
Cash flows from financing activities:    
Repayments of mortgage notes (20,461) (124,299)
Net cash used in financing activities (20,461) (124,299)
Net increase in cash and cash equivalents 15,959 1,758,937
Cash and cash equivalents at beginning of period 2,107,756 867,364
Cash and cash equivalents at end of period 2,123,715 2,626,301
Summarized below are the components of the gain on sale of property:    
Proceeds from sale of property (400,000) (2,120,988)
Costs paid relating to sale of property 10,495  
Property and equipment, net of accumulated depreciation 50,590 127,847
Deferred costs 15,116 65,552
Other assets 119,137 217,938
Cash held in escrow 143,938 390,453
Accounts payable (2,807) (15,522)
Mortgage payable (1,506,903) (3,193,718)
Accrued interest (56,839) (9,223)
Security deposits (15,391) (132,247)
Due to local general partners and affiliates (243,202) (498,266)
Subscription payment 82,119 (79,012)
Discontinued Operations, Disposed of by Sale    
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale of property $ (1,803,747) $ (5,247,186)