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| Delaware                       |   | 13-3481443          |
|--------------------------------|--------|---------------------|
| State or other jurisdiction of |   | (I.R.S. Employer    |
| incorporation or organization  |   | Identification No.) |

| 340 Pemberwick Road                      |   |     |
|------------------------------------------|--------|----------|
| Greenwich, Connecticut                   |   | 06831    |
| (Address of principal executive offices) |   | Zip Code |

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| Item 1. | Financial Statements                                                                               | Page   |
|---------|----------------------------------------------------------------------------------------------------|--------|
|    |                                                                                               |   |
|    | Consolidated Balance Sheets as of May 31, 2006 (Unaudited) and February 28, 2006                   | 3      |
|    |                                                                                               |   |
|    | Consolidated Statements of Operations for the three months ended May 31, 2006 and 2005 (Unaudited) | 4      |
|    |                                                                                               |   |
|    | Consolidated Statements of Cash Flows for the three months ended May 31, 2006 and 2005 (Unaudited) | 6      |
|    |                                                                                               |   |
|    | Notes to Consolidated Financial Statements as of May 31, 2006 (Unaudited)                          | 7      |
|    |                                                                                               |   |
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations              | 8      |
|    |                                                                                               |   |
| Item 3. | Quantitative and Qualitative Disclosure about Market Risk                                          | 10     |
|    |                                                                                               |   |
| Item 4. | Controls and Procedures                                                                            | 10     |

| Part II – Other Information |
|-----------------------------------|
|                              |   |   |
|                              |   |   |
| Item 1.                           | Legal Proceedings | 11 |
|                              |   |   |
| Item 2.                           | Unregistered Sales of Equity Securities and Use of Proceeds | 11 |
|                              |   |   |
| Item 3.                           | Defaults Upon Senior Securities | 11 |
|                              |   |   |
| Item 4.                           | Submission of Matters to a Vote of Security Holders | 11 |
|                              |   |   |
| Item 5.                           | Other Information | 11 |
|                              |   |   |
| Item 6.                           | Exhibits | 11 |
|                              |   |   |
|                              |   |   |
| Signatures for Certifications     | 12-16 |

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|                                   |   |         |         |   |              |   |
|----------------------------------------|--------|--------------|--------------|--------|-------------------|--------|
|                                   |   | May 31, 2006 |         |   | February 28, 2006 |   |
| ASSETS                                 |   |         |         |   |              |   |
|                                   |   |         |         |   |              |   |
|                                   |   |         |         |   |              |   |
| Cash and cash equivalents              |   | $            | 4,113,616    |   |              | $      | 4,184,690 |   |
|                                   |   |         |         |   |              |   |   |   |
| Mortgage escrows and other deposits    |   |         | 1,274,101    |   |              |   | 1,181,280 |   |
|                                   |   |         |         |   |              |   |   |   |
| Assets held for sale                   |   |         | 39,924,857   |   |              |   | 39,371,221 |   |
|                                   |   |         |         |   |              |   |   |   |
| Other assets                           |   |         |  39,174 |   |              |   |  57,270 |   |
|                                   |   |         |         |   |              |   |   |   |
|                                   |   | $            | 45,351,748   |   |              | $      | 44,794,461 |   |
|                                   |   |         |         |   |              |   |   |   |
| LIABILITIES AND PARTNERS’ EQUITY |   |         |         |   |              |   |   |   |
|                                   |   |         |         |   |              |   |   |   |
| LIABILITIES                            |   |         |         |   |              |   |   |   |
|                                   |   |         |         |   |              |   |   |   |
| Accounts payable and accrued expenses  |   |         | 489,390      |   |              |   | 385,789 |   |
| Accrued interest payable               |   |         | 40,775       |   |              |   | 40,775 |   |
| State of New Jersey filing fee         |   |         |         |   |              |   | 25,600 |   |
| Liabilities held for sale              |   |         | 27,178,813   |   |              |   | 27,178,813 |   |
| Due to related parties                 |   |         | 2,111,184    |   |              |   | 2,075,307 |   |
|                                   |   |         |         |   |              |   |   |   |
|                                   |   |         | 29,820,162   |   |              |   | 29,706,284 |   |
|                                   |   |         |         |   |              |   |   |   |
| MINORITY INTEREST                      |   |         | 14,606,283   |   |              |   | 14,601,428 |   |
|                                   |   |         |         |   |              |   |   |   |
| PARTNERS’ EQUITY                 |   |         | 925,303      |   |              |   | 486,749 |   |
|                                   |   |         |         |   |              |   |   |   |
|                                   |   | $            | 45,351,748   |   |              | $      | 44,794,461 |   |

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|                                                         |   |   | 2006 -     |   |   |       | 2005 -     |   |
|--------------------------------------------------------------|--------|--------|-----------------|--------|--------|------------|-----------------|--------|
|                                                         |   |   |            |   |   | (Restated) |            |
| OPERATIONS                                              |   |   |            |   |   |       |            |   |
| REVENUE                                                      |   |   |            |   |   |       |            |   |
|                                                         |   |   |            |   |   |       |            |   |
| Interest                                                     |   | $      | 39,890          |   |   | $          | 25,324          |   |
|                                                         |   |   |            |   |   |       |            |   |
| EXPENSES                                                     |   |   |            |   |   |       |            |   |
| Administrative                                               |   |   | 31,500          |   |   |       | 19,945          |   |
| Investor services fees – affiliate                     |   |   | 5,658           |   |   |       | 4,375           |   |
| State of New Jersey filing fee                               |   |   |  6,518     |   |   |       |  28,500    |   |
|                                                         |   |   |            |   |   |       |            |   |
|                                                         |   |   |  43,677    |   |   |       |  52,820    |   |
|                                                         |   |   |            |   |   |       |            |   |
| LOSS FROM OPERATIONS                                         |   |   | (3,787          | )      |   |       |  (27,496   | )      |
|                                                         |   |   |            |   |   |       |            |   |
| DISCONTINUED OPERATIONS                                      |   |   |            |   |   |       | -               |   |
|                                                         |   |   |            |   |   |       |            |   |
| REVENUE                                                      |   |   |            |   |   |       |            |   |
|                                                         |   |   |            |   |   |       |            |   |
| Rent                                                         |   |   |  1,771,874 |   |   |       |  1,764,523 |   |
|                                                         |   |   |            |   |   |       |            |   |
| EXPENSES                                                     |   |   |            |   |   |       |            |   |
| Administrative                                               |   |   | 170,031         |   |   |       | 152,390         |   |
| Operating                                                    |   |   | 784,114         |   |   |       | 746,569         |   |
| Management fees – affiliate                            |   |   | 74,571          |   |   |       | 84,243          |   |
| Investor services fees – affiliate                     |   |   | 11,250          |   |   |       | 17,415          |   |
| Financial                                                    |   |   | 277,287         |   |   |       | 200,362         |   |
| Depreciation and amortization                                |   |   |  7,425     |   |   |       |  415,814   |   |
|                                                         |   |   |            |   |   |       |            |   |
|                                                         |   |   |  1,324,678 |   |   |       |  1,616,793 |   |
|                                                         |   |   |            |   |   |       |            |   |
| Income from discontinued operations before minority interest |   |   |  447,196   |   |   |       |  147,730   |   |
|                                                         |   |   |            |   |   |       |            |   |
| Minority interest income of operating partnerships           |   |   |  (4,855    | )      |   |       |  (1,721    | )      |
|                                                         |   |   |            |   |   |       |            |   |
| INCOME FROM DISCONTINED OPERATIONS                           |   | $      | 442,341         |   |   | $          | 146,009         |   |
|                                                         |   |   |            |   |   |       |            |   |
| NET INCOME                                                   |   | $      | 438,554         |   |   | $          | 118,513         |   |

----

|                                                                                                      |   |   |        |   |   |       |
|-----------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|------------|
|                                                                                                      |   |   | 2006 - |   |   |       | 2005 - |   |
|                                                                                                      |   |   |        |   |   | (Restated) |   |
| NET INCOME  ALLOCATED TO                                                                        |   |   |        |   |   |       |   |   |
|                                                                                                      |   |   |        |   |   |       |   |   |
|       Limited Partners                                                      |   | $      | 434,169     |   |   | $          | 117,328 |   |
|       General Partners                                                      |   |   |  4,386 |   |   |       |  1,185 |   |
|                                                                                                      |   | $      | 438,554     |   |   | $          | 118,513 |   |
|                                                                                                      |   |   |        |   |   |       |   |   |
| NET INCOME ALLOCATED PER UNIT OF LIMITED PARTNERSHIP INTEREST (800 UNITS OF LIMITED PARTNERSHIP INTEREST) |   |   |        |   |   |       |   |   |
|                                                                                                      |   | $      | 542.71      |   |   | $          | 146.66 |   |
|                                                                                                      |   |   |        |   |   |       |   |   |
| LOSS FROM CONTINUING OPERATIONS ALLOCATED PER UNIT OF LIMITED PARTNERSHIP INTEREST                        |   |   |        |   |   |       |   |   |
|                                                                                                      |   | $      | (4.69       | )      |   | $          | (34.03 | ) |
|                                                                                                      |   |   |        |   |   |       |   |   |
|                                                                                                      |   |   |        |   |   |       |   |   |

----

|                                                                              |   |   |                      |   |   |       |
|-----------------------------------------------------------------------------------|--------|--------|---------------------------|--------|--------|------------|
|                                                                              |   |   | 2006 -               |   |   |       | 2005 - |   |
|                                                                              |   |   |                      |   |   | (Restated) |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                                              |   |   |                      |   |   |       |   |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| Net income                                                                        |   | $      | 438,554                   |   |   | $          | 118,513 |   |
| Adjustment to reconcile net earnings to net cash provided by operating activities |   |   |                      |   |   |       |   |   |
| Depreciation and amortization                                                     |   |   | 7,425                     |   |   |       | 415,814 |   |
| Decrease (increase) in other assets                                               |   |   | 17,909                    |   |   |       | (196,916 | ) |
| Minority interest in income of operating partnerships                             |   |   | 4,855                     |   |   |       | 1,721 |   |
| Decrease (increase) in accounts payable and accrued expenses                 |   |   | 103,600                   |   |   |       | (252,298 | ) |
| Decrease in State of New Jersey filing fee payable                                |   |   | (25,600                   | )      |   |       | (56,100 | ) |
| Increase in due to related parties                                                |   | $      | 35,878                    |   |   |       |  31,994 |   |
|                                                                              |   |   |                      |   |   |       |   |   |
|    Net cash provided by operating activities                       |   |   |    582,621 |   |   |       |    62,728 |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                              |   |   |                      |   |   |       |   |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| Purchase of fixed assets                                                          |   |   | (181,875                  | )      |   |       | (293,496 | ) |
| Increase in mortgage escrows and other deposits                                   |   |   |  (471,820            | )      |   |       |  (6,066 | ) |
|                                                                              |   |   |                      |   |   |       |   |   |
| Net cash used in investing activities                                             |   |   |  (653,695            | )      |   |       |  (299,562 | ) |
|                                                                              |   |   |                      |   |   |       |   |   |
| Net decrease in cash equivalents                                                  |   |   | (71,074                   | )1     |   |       | (236,834 | ) |
|                                                                              |   |   |                      |   |   |       |   |   |
| Cash and cash equivalents at beginning of period                                  |   |   |  4,184,690           |   |   |       |  5,909,227 |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| Cash and cash equivalents at end of period                                        |   | $      | 4,113,616                 |   |   | $          | 5,672,393 |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| SUPLEMENTAL INFORMATION                                                           |   |   |                      |   |   |       |   |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| Financial expenses paid                                                           |   | $      | 258,317                   |   |   | $          | 188,946 |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| CASH FLOWS FROM DISCONTINUED OPERATIONS                                           |   |   |                      |   |   |       |   |   |
|                                                                              |   |   |                      |   |   |       |   |   |
|  Net cash provided by operating activities                                   |   | $      | 658,499                   |   |   | $          | 154,834 |   |
|                                                                              |   |   |                      |   |   |       |   |   |
| Net cash used in investing activities                                             |   | $      | (653,695                  | )      |   | $          | (293,496 | ) |

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| 1.  | The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information.  They do not include all information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.  The results of operations are impacted significantly by the results of operations of the Operating Partnerships, which are provided on an unaudited basis during interim periods.  Accordingly, the accompanying consolidated financial statements are dependent on such unaudited information.  In the opinion of the General Partner, the financial statements include all adjustmentsnecessary to reflect fairly the results of the interim periods presented.  All adjustments are of a normal recurring nature.  No significant events have occurred subsequent to February 28, 2006 and no material contingencies exist which would require additional disclosures in the report under Regulation S-X, Rule 10-01 paragraph A-5, except as discussed in No. 2 and 3 below. |
|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.  | During October 2005, the Operating General Partner commenced a process to receive proposals for the sale of the Property.  As a result, certain of the Operating Partnerships’ assets and liabilities are classified as held for sale in the accompanying consolidated balance sheets. The Operating Partnerships received a written offer effective May 24, 2006 from a non-affiliate third party to purchase the real estate assets for $69,960,000.  The purchaser however canceled the Agreement of Purchase and Sale in October, 2006 after the Operating General Partner was unable to obtain the approval of the sale from the tax exempt bond issuer. After such approval was obtained, the purchase price was renegotiated to $69,460,000. The sale of the assets took place on November14, 2006. |
|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Land, building and improvements, net accumulated depreciation |   | $      | 37,387,304 |   |
|---------------------------------------------------------------|--------|--------|------------|--------|
| Tenant security deposits                                      |   |   | 744,000    |   |
| Mortgage escrows                                              |   |   | 991,076    |   |
| Deferred costs, net of accumulated amortization               |   |   | 802,477    |   |
|                                                          |   |   |       |   |
|                                                          |   | $      | 39,924,857 |   |

| Mortgage payable                 |   | $      | 26,435,000 |   |
|----------------------------------|--------|--------|------------|--------|
| Tenant security deposits payable |   |   | 743,813    |   |
|                             |   |   |       |   |
|                             |   | $      | 27,178,813 |   |

| 3. | Additional information, including the audited February 28, 2006 Financial Statements and the Summary of Significant Accounting Policies, is included in the Partnership's Annual Report on Form 10-K for the fiscal year ended February 28, 2006 on file with the Securities and Exchange Commission. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 2.        Management's Discussion and Analysis of Financial Conditions and Results of Operations |
|------------------------------------------------------------------------------------------------------------------------------------------|

| Liquidity and Capital Resources |
|---------------------------------|

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| Item 3. | Quantitative and Qualitative Disclosure About Market Risk |
|---------|-----------------------------------------------------------|

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| WILDER RICHMAN HISTORIC PROPERTIES II, L.P. AND SUBSIDIARIES |
|--------------------------------------------------------------|

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 6. | Exhibits |
|---------|----------|

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|                                 | WILDER RICHMAN HISTORIC PROPERTIES II, L.P. |
|--------------------------------------|---------------------------------------------|
|                                 |                                        |   |
|                                 | By:                                         | Wilder Richman Historic Corporation |
|                                 |                                        | General Partner |
|                                 |                                        |   |
|                                 |                                        |   |
| Dated:  September 13, 2011 | /s/ Richard Paul Richman                    |
|                                 | Richard Paul Richman                        |
|                                 | Chief Executive Officer                     |
|                                 |                                        |   |
|                                 |                                        |   |
| Dated:  September 13, 2011 | /s/ James Hussey                            |
|                                 | James Hussey                                |
|                                 | Chief Financial Officer                     |

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