AMERICAN TAX CREDIT PROPERTIES III LP

CIK:0000856135|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Mar. 30, 2019	Mar. 30, 2018
REVENUE
Interest prior to unrealized gain	$ 6,703	$ 5,902
Unrealized gain	195	246
TOTAL REVENUE	6,898	6,148
EXPENSES
Administration fees - affiliate	19,186	19,186
Management fees - affiliate	19,186	19,186
Professional fees	37,731	38,866
Printing, postage and other	15,366	17,201
TOTAL EXPENSES	91,469	94,439
Net Loss	(84,571)	(88,291)
NET LOSS ATTRIBUTABLE TO
General partner	(84,571)	(88,291)
Limited partners	$ 0	$ 0
NET LOSS per unit of limited partnership interest (35,883 units of limited partnership interest)	$ 0	$ 0

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Mar. 30, 2019	Mar. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Interest received	$ 7,181	$ 7,753
Cash paid for administration fees	(9,322)	(264,210)
Cash paid for management fees	(1,000)	(261,655)
Cash paid for professional fees	(36,491)	(38,866)
Cash paid for printing, postage and other expenses	(12,684)	(22,905)
Net cash used in operating activities	(52,316)	(579,883)
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in Pemberwick Fund	(7,057)	(7,537)
Redemptions from Pemberwick Fund	56,500	529,000
Net cash provided by investing activities	49,443	521,463
Net decrease in cash and cash equivalents	(2,873)	(58,420)
Cash and cash equivalents at beginning of period	4,009	62,429
CASH AND CASH EQUIVALENTS AT END OF PERIOD	1,136	4,009
SIGNIFICANT NONCASH INVESTING AND FINANCING ACTIVITIES
Unrealized gain on investment in Pemberwick Fund included in interest revenue	195	246
RECONCILIATION OF NET LOSS TO NET CASH USED IN OPERATING ACTIVITIES
Net Loss	(84,571)	(88,291)
Adjustments to reconcile net loss to net cash used in operating activities
Unrealized gain on investment in Pemberwick Fund included in interest revenue	(195)	(246)
Loss on redemptions from Pemberwick Fund	478	1,851
Increase (decrease) in payable to general partner and affiliates	3,922	(487,493)
Increase (decrease) in accounts payable and accrued expenses	28,050	(5,704)
Net cash used in operating activities	$ (52,316)	$ (579,883)

Balance Sheets - USD ($)	Mar. 30, 2019	Mar. 30, 2018
ASSETS
Cash and cash equivalents	$ 1,136	$ 4,009
Investment in Pemberwick Fund - a short duration bond fund	259,570	309,296
Total assets	260,706	313,305
Liabilities
Accounts payable and accrued expenses	25,693	21,771
Payable to general partner and affiliates	2,642,241	2,614,191
Total Liabilities	2,667,934	2,635,962
Commitments and contingencies	0	0
Partners' deficit
General partner	(2,236,424)	(2,151,853)
Limited partners (35,883 units of limited partnership interest outstanding)	(170,804)	(170,804)
Total equity (deficit)	(2,407,228)	(2,322,657)
Total liabilities and equity (deficit)	$ 260,706	$ 313,305