7. Significant Subsidiaries
The following Local Limited Partnerships invested in by the Fund represent more than 20% of the Fund’s total assets or equity as of March 31, 2012 or 2011 or net income (loss) for the years then ended. The following financial information represents the performance of these Local Limited Partnerships for the years ended December 31, 2011 and 2010:
|
|
|
2011
|
|
|
2010
|
|
|
Pilot House Associates Limited Partnership
|
|
|
|
|
|
|
|
Total Assets
|
|
$
|
4,834,303
|
|
|
$
|
4,993,688
|
|
|
Total Liabilities
|
|
$
|
3,735,324
|
|
|
$
|
3,802,106
|
|
|
Revenue
|
|
$
|
1,255,708
|
|
|
$
|
1,253,231
|
|
|
Net Income
|
|
$
|
104,759
|
|
|
$
|
104,766
|
|
|
|
|
|
|
|
|
|
|
|
|
Preston Place Associates Limited Partnership
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
|
N/A
|
|
|
$
|
3,340,757
|
|
|
Total Liabilities
|
|
|
N/A
|
|
|
$
|
3,477,211
|
|
|
Revenue
|
|
$
|
1,102,548
|
|
|
$
|
1,052,868
|
|
|
Net Income
|
|
$
|
109,048
|
|
|
$
|
3,543
|
|
|