4. Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Mar. 31, 2018

	June 30			September 30			December 31			March 31
2018

Income$	$	6,000		$	7,000		$	-			-

Operating expenses		(24,000	)		(21,000	)		(31,000	)		(12,000	)

Loss from operations		(18,000	)		(14,000	)		(31,000	)		(12,000	)

Gain on sale of Local Limited
Partnerships		100,000			-			-			38,000

Net income (loss)		82,000			(14,000	)		(31,000	)		26,000

Net income (loss) available to Limited Partners		82,000			(14,000	)		(31,000	)		26,000

Net income (loss) per Partnership Unit		5			(1	)		(2	)		2

	June 30			September 30			December 31			March 31
2017

Income	$	2,000		$	24,000		$	-		$	3,000

Operating expenses		(31,000	)		(49,000	)		(30,000	)		(26,000	)

Loss from operations		(29,000	)		(25,000	)		(30,000	)		(23,000	)

Gain on sale of Local Limited Partnerships		-			-			87,000			21,000

Net income (loss)		(29,000	)		(25,000	)		57,000			(2,000	)

Net income (loss) available to Limited Partners		(29,000	)		(25,000	)		56,000			(2,000	)

Net income (loss) per Partnership Unit		(2	)		(2	)		4			-

	June 30			September 30			December 31			March 31
2016

Income	$	4,000		$	20,000		$	-		$	3,000

Operating expenses		(37,000	)		(56,000	)		(29,000	)		(34,000	)

Loss from operations		(33,000	)		(36,000	)		(29,000	)		(31,000	)

Gain on sale of Local Limited Partnerships		192,000			(3,000	)		-			-

Net income (loss)		159,000			(39,000	)		(29,000	)		(31,000	)

Net income (loss) available to Limited Partners		159,000			(39,000	)		(29,000	)		(31,000	)

Net income (loss) per Partnership Unit		10			(3	)		(2	)		(2	)

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