NATIONAL TAX CREDIT PARTNERS L P

CIK:0000847415|SEC Filings

Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating Expenses:
Management fees - general partner	$ 10	$ 22	$ 28	$ 66
General and administrative	8	7	19	24
Legal and accounting	105	17	219	45
Total operating expenses	123	46	266	135
Loss from Partnership operations	(123)	(46)	(266)	(135)
Gain from sales of limited partnership interests in Local Partnerships		50		50
Distributions in excess of investment in Local Partnerships	301		301
Advances made to Local Partnerships recognized as expense	(18)		(22)
Net income (loss)	160	4	13	(85)
Net income (loss) allocated to general partner (1%)	2			(1)
Net income (loss) allocated to limited partners (99%)	$ 158	$ 4	$ 13	$ (84)
Net income (loss) per limited partnership interest	$ 6.75	$ 0.17	$ 0.55	$ (3.56)

Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ 13	$ (85)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gain from sales of limited partnership interests in Local Partnerships		(50)
Distributions in excess of investment in Local Partnerships	(301)
Advances made to Local Partnership recognized as expense	22
Change in accounts:
Change in Accounts Receivable	(5)	(8)
Change in Accounts payable and accrued expenses	(12)	(5)
Change in Accrued fees due to affiliates	(15)	68
Net cash provided by (used in) operating activities	(298)	(80)
Cash flows provided by (used in) investing activities:
Proceeds from sales of limited partnership interests in Local Partnerships		50
Distributions in excess of investment in Local Partnerships	301
Advance to Local Partnerships	(22)
Net cash provided by (used in) investing activities	279	50
Net decrease in cash and cash equivalents	(19)	(30)
Cash and cash equivalents, beginning of period	58	110
Cash and cash equivalents, end of period	$ 39	$ 80

Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 39	$ 58
Accounts receivable	11	6
Total assets	50	64
Liabilities:
Accounts payable and accrued expenses	28	40
Accrued fees due to affiliates	1,214	1,229
Total liabilities	1,242	1,269
Contingencies
Partners' Equity (deficit):
General partner	(530)	(530)
Limited partners	(662)	(675)
Total partners' equity (deficit)	(1,192)	(1,205)
Total liabilities and partners' equity (deficit)	$ 50	$ 64