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Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended
Condensed Statements of Operations (Unaudited) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Income Statement [Abstract]
Reporting fees	$ 38,712	$ 10,143
Other income	2,127
Total operating income	40,839	10,143
Operating expenses:
Asset management fees (Note 3)	17,967	50,760
Legal and accounting fees	20,883	35,839
Other	2,528	8,181
Total operating expenses	41,378	94,780
Loss from operations	(539)	(84,637)
Gain on sale of Local Limited Partnerships		164,015
Interest income	14	7
Net income (loss)	(525)	79,385
Net income (loss) allocated to:
General Partner	(5)	794
Limited Partners	$ (520)	$ 78,591
Net income (loss) per Partnership Unit		$ 5
Outstanding weighted Partnership Units	15,000	15,000

Revenue recognized in the period for (1) performance (incentive) fees based on the investment results achieved for management of certain institutional accounts and hedge funds, (2) schedule-based fees earned for management of mutual funds and closed-end funds, based either on average daily net assets or on a combination of the average daily net assets and gross income, and (3) other investment management and advisory fees.

WNC HOUSING TAX CREDIT FUND III L P 10-Q/A