NATIONAL TAX CREDIT INVESTORS II

CIK:0000859921|SEC Filings

Statements of Operations (June 30, 2015 Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating Expenses:
Management fees - general partner	$ 16	$ 16	$ 48	$ 47
General and administrative	32	17	59	58
Legal and accounting	16	12	55	48
Total operating expenses	64	45	162	153
Loss from partnership operations	(64)	(45)	(162)	(153)
Advance recognized as expense		(112)	(99)	(306)
Gain (Loss) on sale of partnership interest	134		134
Net Income (Loss)	70	(157)	(127)	(459)
Net Income (Loss) allocated to general partner (1%)	1	(2)	(1)	(5)
Net Income (Loss) allocated to limited partners (99%)	$ 69	$ (155)	$ (126)	$ (454)
Net Income (Loss) per limited partnership interest	$ 0.96	$ (2.15)	$ (1.75)	$ (6.30)

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net Income (Loss)	$ (127)	$ (459)
Change in accounts:
Advances made to Local Partnership recognized as expense	99	306
Gain on sale of limited partner interest	(134)
Accrued fees due to partners	1
Change in Accounts payable and accrued expenses	(3)	(4)
Net cash used in operating activities	(164)	(157)
Cash flows provided by (used in) investing activities:
Advances to Local Partnership	(99)	(306)
Proceeds from sale of interest in Local Limited Partnership	134
Mortgage note receivable repayments	3,478
Increase (decrease) in Other Assets	54
Net cash flows provided by (used in) investing activities	3,567	(306)
Cash flows provided by (used in) financing activities
Distributions to partners	(5,461)
Net cash provided by financing activities	(5,461)
Net decrease in cash and cash equivalents	(2,058)	(463)
Cash and cash equivalents, beginning of period	3,023	3,577
Cash and cash equivalents, end of period	$ 965	$ 3,114

Balance Sheets (June 30, 2015 Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 965	$ 3,023
Mortgage note receivable		3,478
Accounts receivable - limited partners		181
Other assets		54
Total assets	965	6,736
Liabilities:
Accrued fees due to partners	1
Accounts payable and accrued expenses	17	20
Total liabilities	18	20
Partners' (deficiency) capital:
General partner	(618)	(561)
Limited partners	1,565	7,277
Total partners' (deficiency) capital	947	6,716
Total liabilities and partners' (deficiency) capital	$ 965	$ 6,736