----

----

|               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                                                    |

----

| Item 1. | Financial Statements                                                                                                  | Page   |
|---------|-----------------------------------------------------------------------------------------------------------------------|--------|
|    |                                                                                                                  |   |
|    | Consolidated Balance Sheets as of August 31, 2006 (Unaudited) and February 28, 2006                                   | 3      |
|    |                                                                                                                  |   |
|    | Consolidated Statements of Operations for the three and nine month periods ended August 31, 2006 and 2005 (Unaudited) | 4      |
|    |                                                                                                                  |   |
|    | Consolidated Statements of Cash Flows for the nine months ended August 31, 2006 and 2005 (Unaudited)                  | 6      |
|    |                                                                                                                  |   |
|    | Notes to Financial Statements as of August 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     |

| 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                                                       |

----

|                                                          |   | August 31, 2006 |   |   |   | February 28, 2006 |
|---------------------------------------------------------------|--------|----------------------|--------|--------|--------|-------------------|
| ASSETS                                                        |   |                 |   |   |   |              |
|                                                          |   |                 |   |   |   |              |
| Cash and cash equivalents                                     | $      | 4,085,012            |   |   | $      | 4,184,690         |
|                                                          |   |                 |   |   |   |              |   |
| Mortgage escrows and other deposits                           |   | 802,466              |   |   |   | 1,181,280         |
|                                                          |   |                 |   |   |   |              |   |
| Assets held for sale                                          |   | 40,567,865           |   |   |   | 39,371,221        |
|                                                          |   |                 |   |   |   |              |   |
| Other assets                                                  |   |  69,564         |   |   |   |  57,270      |
|                                                          |   |                 |   |   |   |              |   |
|                                                          | $      | 45,524,907           |   |   | $      | 44,794,461        |
|                                                          |   |                 |   |   |   |              |   |
|                                                          |   |                 |   |   |   |              |   |
| LIABILITIES AND PARTNERS’ EQUITY                        |   |                 |   |   |   |
|                                                          |   |                 |   |   |   |              |   |
| Liabilities                                                   |   |                 |   |   |   |              |   |
|                                                          |   |                 |   |   |   |              |   |
|     Accounts payable and accrued expenses |   | 196,249              |   |   |   | 385,789           |
|     Accrued interest payable              |   | 45,275               |   |   |   | 40,775            |
|  State of New Jersey filing fee                          |   |                 |   |   |   | 25,600            |   |
|  Liabilities held for sale                               |   | 27,178,813           |   |   |   | 27,178,813        |
|  Due to related parties                                  |   |  2,147,921      |   |   |   |  2,075,307   |
|                                                          |   |                 |   |   |   |              |   |
|                                                          |   |  29,568,238     |   |   |   |  29,706,284  |
|                                                          |   |                 |   |   |   |              |   |
| MINORITY INTEREST                                             |   |  14,611,103     |   |   |   |  14,601,428  |
|                                                          |   |                 |   |   |   |              |   |
| PARTNERS’ EQUITY                                        |   |  1,345,546      |   |   |   |  486,749     |
|                                                          |   |                 |   |   |   |              |   |
|                                                          | $      | 45,524,907           |   |   | $      | 44,794,461        |
|                                                          |   |                 |   |   |   |              |   |

----

|                                                         |   | Three MonthsEndedAugust 31, 2006 |            |   | Six MonthsEndedAugust 31, 2006 |   |            | Three MonthsEndedAugust 31, 2005 |   |   | Six MonthsEndedAugust 31, 2005 |   |
|--------------------------------------------------------------|--------|----------------------------------|-----------------|--------|-------------------------------------|--------|-----------------|----------------------------------|--------|--------|--------------------------------|--------|
|                                                         |   |                             |            |   |                                |   |            | (Restated)                       |   |   | (Restated)                     |   |
| REVENUE                                                      |   |                             |            |   |                                |   |            |                             |   |   |                           |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |
| Interest                                                     |   | $                                | 47,499          |   |                                | $      | 87,389          |                             |   | $      | 33,321                         |   |   | $ | 58,645 |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| EXPENSES                                                     |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
|     Administrative                       |   |                             | 45,803          |   |                                |   | 77,303          |                             |   |   | 765                            |   |   |   | 20,710 |   |
|     Investor service fees - affiliate    |   |                             |  5,659     |   |                                |   |  11,317    |                             |   |   |  7,675                    |   |   |   |  12,050 |   |
|     State of New Jersey Filing Fees      |   |                             |  6,520     |   |                                |   |  13,038    |                             |   |   |  6,000                    |   |   |   |  34,500 |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
|                                                         |   |                             | 57,982          |   |                                |   | 101,658         |                             |   |   | 14,440                         |   |   |   | 67,260 |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| INCOME (LOSS) FROM CONTINUING OPERATIONS                     |   |                             | (10,483         | )      |                                |   | (14,269         | )                                |   |   | 18,881                         |   |   |   | ( 8,615 | ) |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| DISCONTINUED OPERATIONS                                      |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| REVENUE                                                      |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| Rent                                                         |   |                             |  1,795,923 |   |                                |   |  3,567,799 |                             |   |   |  1,759,550                |   |   |   |  3,524,073 |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| EXPENSES                                                     |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
|     Administrative                       |   |                             | 546,723         |   |                                |   | 716,754         |                             |   |   | 192,203                        |   |   |   | 344,593 |   |
|     Operating                            |   |                             |  420,234   |   |                                |   | 1,204,350       |                             |   |   | 705,421                        |   |   |   | 1,451,990 |   |
|     Management fee – affiliate     |   |                             |  68,492    |   |                                |   | 143,063         |                             |   |   | 91,853                         |   |   |   | 176,096 |   |
|     Investor service fees - affiliate    |   |                             | 11,250          |   |                                |   | 22,500          |                             |   |   | 17,403                         |   |   |   | 34,818 |   |
|     Financial                            |   |                             | 306,254         |   |                                |   | 583,541         |                             |   |   | 256,782                        |   |   |   | 457,144 |   |
|     Depreciation and amortization        |   |                             |  7,425     |   |                                |   |  14,850    |                             |   |   |  415,814                  |   |   |   |  831,628 |   |
|                                                         |   |                             |  1,360,378 |   |                                |   |  2,685,058 |                             |   |   |  1,679,476                |   |   |   |  3,296,269 |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| Income from discontinued operations before minority interest |   |                             | 435,545         |   |                                |   | 882,741         |                             |   |   | 80,074                         |   |   |   | 227,804 |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| Minority interest income of operating partnerships      |   |                             |  (4,819    | )      |                                |   |  (9,674    | )                                |   |   |  (1,124                   | )      |   |   |  (2,845 | ) |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| INCOME FROM DISCONTINUED OPERATIONS                          |   |                             | 430,726         |   |                                |   | 873,067         |                             |   |   | 78,950                         |   |   |   | 224,959 |   |
|                                                         |   |                             |            |   |                                |   |            |                             |   |   |                           |   |   |   |   |   |
| NET INCOME                                                   |   | $                                | 420,243         |   |                                | $      | 858,798         |                             |   | $      | 97,831                         |   |   | $ | 216,344 |   |

----

|                                                                                                      |   | Three MonthsEndedAugust 31, 2006 |                     |   | Six MonthsEnded August 31, 2006 |   |                       | Three MonthsEnded August 31, 2005 |   |   | Six MonthsEnded August 31, 2005 |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------------|--------------------------|--------|--------------------------------------|--------|----------------------------|----------------------------------------|--------|--------|-------------------------------------------|--------|
|                                                                                                      |   |                             |                     |   |                                 |   |                       | (Restated)                             |   |   | (Restated)                                |   |
| NET INCOME                                                                                                |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |
| ALLOCATED TO                                                                                              |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |
|                                                                                                      |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |
| Limited partners                                                                                          |   | $                                | 416,041                  |   |                                 | $      | 850,210                    |                                   |   | $      | 96,853                                    |   |   | $ | 214,181 |   |
|        General partner                                                 |   |                             | 4,202                    |   |                                 |   | 8,588                      |                                   |   |   | 978                                       |   |   |   | 2,163 |   |
|                                                                                                      |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |   |   |   |   |
|                                                                                                      |   | $                                | 420,243                  |   |                                 | $      | 858,798                    |                                   |   | $      | 97,831                                    |   |   | $ | 216,344 |   |
|                                                                                                      |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |   |   |   |   |
|                                                                                                      |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |   |   |   |   |
| NET INCOME ALLOCATED PER UNIT OF LIMITED PARTNERSHIP INTEREST (800 UNITS OF LIMITED PARTNERSHIP INTEREST) |   | $                                |    520.04 |   |                                 | $      |    1,062.75 |                                   |   | $      |    121.07                  |   |   | $ |    267.73 |   |
|                                                                                                      |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |   |   |   |   |
|                                                                                                      |   |                             |                     |   |                                 |   |                       |                                   |   |   |                                      |   |   |   |   |   |
| NET INCOME (LOSS) FROM CONTINUING OPERATIONS ALLOCATED PER UNIT OF LIMITED PARTNERSHIP INTEREST           |   | $                                |   (12.97       | )      |                                 | $      |  (17.66               | )                                      |   | $      |     23.37             |   |   | $ |   ( 10.66 | ) |

----

|                                                                           |   |   | 2006 -     |   |   |       | 2005 -      |   |
|--------------------------------------------------------------------------------|--------|--------|-----------------|--------|--------|------------|------------------|--------|
|                                                                           |   |   |            |   |   | (Restated) |             |
| CASH FLOWS FROM OPERATING ACTIVITIES                                           |   |   |            |   |   |       |             |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Net income                                                                     |   | $      | 858,798         |   |   | $          | 216,344          |   |
| Adjustments to reconcile net earnings to net cash used in operating activities |   |   |            |   |   |       |             |   |
| Depreciation and amortization                                                  |   |   | 14,850          |   |   |       | 831,628          |   |
| Minority interest in income of operating partnerships                          |   |   | 9,674           |   |   |       | 2,845            |   |
| Decrease in tenant security deposits                                           |   |   |            |   |   |       |             |   |
| Increase in other assets                                                       |   |   | (12,481         | )      |   |       | (139,728         | )      |
| Decrease in accounts payable and accrued expenses                              |   |   | (189,541        | )      |   |       | (142,673         | )      |
| Increase in accrued interest payable                                           |   |   | 4,500           |   |   |       |             |   |
| Decrease in State of New Jersey filing fee                                     |   |   | (25,600         | )      |   |       | (56,100          | )      |
| Increase in due to related parties                                             |   |   |  72,615    |   |   |       |  68,489     |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Net cash provided by operating activities                                      |   |   |  732,815   |   |   |       |  780,805    |   |
|                                                                           |   |   |            |   |   |       |             |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                           |   |   |            |   |   |       |             |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Purchase of fixed assets                                                       |   |   | (432,881        | )      |   |       | (798,106         | )      |
| Increase in mortgage escrows and other deposits                                |   |   | (399,612        | )      |   |       | (484,413         | )      |
|                                                                           |   |   |            |   |   |       |             |   |
| Net cash used in investing activities                                          |   |   |  (832,493  | )      |   |       |  (1,282,519 | )      |
|                                                                           |   |   |            |   |   |       |             |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                           |   |   |            |   |   |       |             |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Distribution to limited partners                                               |   |   |  -         |   |   |       |  (680,000   | )      |
|                                                                           |   |   |            |   |   |       |             |   |
| Net cash used in financing activities                                          |   |   |  -         |   |   |       | (680,000         | )      |
|                                                                           |   |   |            |   |   |       |             |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Net decrease in cash and cash equivalents                                      |   |   | (99,678         | )      |   |       | (1,181,714       | )      |
|                                                                           |   |   |            |   |   |       |             |   |
| Cash and cash equivalents at beginning of period                               |   |   |  4,184,690 |   |   |       |  5,909,227  |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Cash and cash equivalents at end of period                                     |   | $      | 4,085,012       |   |   | $          | 4,727,513        |   |
|                                                                           |   |   |            |   |   |       |             |   |
| SUPPLEMENTAL INFORMATION                                                       |   |   |            |   |   |       |             |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Financial expenses paid                                                        |   | $      | 540,243         |   |   | $          | 434,231          |   |
|                                                                           |   |   |            |   |   |       |             |   |
| CASH FLOWS FROM DISCONTINUED OPERATIONS                                        |   |   |            |   |   |       |             |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Net cash provided by operating activities                                      |   | $      | 807,669         |   |   | $          | 878,723          |   |
|                                                                           |   |   |            |   |   |       |             |   |
| Net cash used in investing activities                                          |   | $      | (832,493        | )      |   | $          | (1,282,519       | )      |
|                                                                           |   |   |            |   |   |       |             |   |
|                                                                           |   |   |            |   |   |       |             |   |

----

| 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 November 14,2006. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Land, building and improvements, net of accumulated depreciation |   | $      | 37,638,310 |   |
|------------------------------------------------------------------|--------|--------|------------|--------|
| Tenant security deposits                                         |   |   | 744,000    |   |
| Mortgage escrows                                                 |   |   | 1,390,503  |   |
| Deferred costs, net of accumulated amortization                  |   |   | 795,052    |   |
|                                                             |   |   |       |   |
|                                                             |   | $      | 40,567,865 |   |

| 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. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

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

----

----

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

----

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

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

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

|   | None |
|--------|------|

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

|   | Exhibit 31.1 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive OfficerExhibit 31.2 Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Exhibit 32.1 Section 1350 Certification of Chief Executive Officer |
|--------|--------------------------------------------------------------------|

|   | Exhibit 32.2 Section 1350 Certification of Chief Financial Officer |
|--------|--------------------------------------------------------------------|

----

|                                 | 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                     |

----