AMERICAN AFFORDABLE HOUSING II LIMITED PARTNERSHIP
CIK:0000815024|SEC Filings
CONDENSED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | Sep. 30, 2010 | |
| Income | ||||
| Interest income | $ 54 | $ 77 | $ 125 | $ 193 |
| Other income | 0 | 0 | 182 | 374 |
| Revenues | 54 | 77 | 307 | 567 |
| Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 857 |
| Expenses | ||||
| Professional fees | 15,274 | 20,369 | 19,051 | 20,679 |
| General and administrative expenses | 2,849 | 3,490 | 6,520 | 6,205 |
| Asset management fees, net (Note C) | 2,851 | 11,979 | 9,578 | 17,181 |
| Operating Expenses | 20,974 | 35,838 | 35,149 | 44,065 |
| NET LOSS | (20,920) | (35,761) | (34,842) | (42,641) |
| Net loss allocated to general partner | (209) | (358) | (348) | (426) |
| Net loss allocated to limited partners | $ (20,711) | $ (35,403) | $ (34,494) | $ (42,215) |
| Net loss per unit of limited partnership interest (in dollars per share) | (0.78) | (1.34) | (1.30) | (1.59) |
CONDENSED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | |
| Cash flows from operating activities: | ||
| Net loss | $ (34,842) | $ (42,641) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Share of income from Operating Partnerships | 0 | (857) |
| Changes in assets and liabilities: | ||
| Increase (decrease) in accounts payable | 4,500 | (22,500) |
| Increase (decrease) in accounts payable affiliates | 24,112 | (23,121) |
| Net cash used in operating activities | (6,230) | (89,119) |
| Cash flows from investing activities: | ||
| Proceeds from the disposition of Operating Partnerships | 0 | 857 |
| Net cash provided by investing activities | 0 | 857 |
| DECREASE IN CASH AND CASH EQUIVALENTS | (6,230) | (88,262) |
| Cash and cash equivalents, beginning | 93,581 | 189,859 |
| Cash and cash equivalents, ending | $ 87,351 | $ 101,597 |
CONDENSED BALANCE SHEETS (USD $) | Sep. 30, 2011 | Mar. 31, 2011 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 87,351 | $ 93,581 |
| ASSETS | 87,351 | 93,581 |
| LIABILITIES | ||
| Accounts payable | 4,500 | 0 |
| Accounts payable affiliates | 6,472,207 | 6,448,095 |
| LIABILITIES | 6,476,707 | 6,448,095 |
| Limited Partners | ||
| Units of limited partnership interest, $1,000 stated value perunit; 26,501 issued units and 26,486 outstanding units (Note A) | (6,103,441) | (6,068,947) |
| General Partner | (285,915) | (285,567) |
| Partners' Capital | (6,389,356) | (6,354,514) |
| Liabilities and Stockholders' Equity | $ 87,351 | $ 93,581 |