BOSTON FINANCIAL QUALIFIED HOUSING TAX CREDITS LP III
CIK:0000839345|SEC Filings
STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | Sep. 30, 2010 | |
| Revenue: | ||||
| Investment | $ 203 | $ 324 | $ 431 | $ 685 |
| Total Revenue | 203 | 324 | 431 | 685 |
| Expenses: | ||||
| Asset management fees, affiliate | 2,358 | 2,324 | 4,717 | 4,648 |
| General and administrative (includes reimbursements to an affiliate in the amount of $2,390 and $7,076 for the three months and $5,648 and $11,706 for the six months ended September 30, 2011 and 2010, respectively) | 37,432 | 25,872 | 59,972 | 54,641 |
| Total expenses | 39,790 | 28,196 | 64,689 | 59,289 |
| Equity in loss of Local Limited Partnership (Note 1) | 0 | 0 | 0 | 0 |
| Net Loss | (39,587) | (27,872) | (64,258) | (58,604) |
| Net Loss allocated: | ||||
| General Partners | (396) | (279) | (643) | (586) |
| Limited Partners | (39,191) | (27,593) | (63,615) | (58,018) |
| Net Income (Loss) Allocated To Partners | $ (39,587) | $ (27,872) | $ (64,258) | $ (58,604) |
| Net Loss per Limited Partner Unit (100,000 Units) (in dollars per unit) | (0.39) | (0.28) | (0.64) | (0.58) |
STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | |
| Net cash used for operating activities | $ (59,020) | $ (83,004) |
| Net decrease in cash and cash equivalents | (59,020) | (83,004) |
| Cash and cash equivalents, beginning | 237,917 | 381,970 |
| Cash and cash equivalents, ending | $ 178,897 | $ 298,966 |
BALANCE SHEETS (USD $) | Sep. 30, 2011 | Mar. 31, 2011 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 178,897 | $ 237,917 |
| Investment in Local Limited Partnership (Note 1) | 0 | 0 |
| Other assets | 182 | 95 |
| Total Assets | 179,079 | 238,012 |
| Liabilities and Partners' Equity | ||
| Due to affiliate | 17,047 | 6,682 |
| Accrued expenses | 24,048 | 29,088 |
| Total Liabilities | 41,095 | 35,770 |
| General, Initial and Investor Limited Partners' Equity | 137,984 | 202,242 |
| Total Liabilities and Partners' Equity | $ 179,079 | $ 238,012 |