SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             -----------------------

                                 Amendment No. 1
                                       to
                                   SCHEDULE TO
         Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
                     of the Securities Exchange Act of 1934

                               -------------------

                           CENTURY PROPERTIES FUND XVI
                            (Name of Subject Company)

           MPF-NY 2007, LLC; MacKenzie Patterson Special Fund 5, LLC;
              MPF Flagship Fund 12, LLC; MP Value Fund 5, LLC; MPF
         DeWaay Premier Fund 4, LLC; and MacKenzie Patterson Fuller, LP
                                    (Bidders)

                      UNITS OF LIMITED PARTNERSHIP INTEREST
                         (Title of Class of Securities)

                                 None or unknown
                      (CUSIP Number of Class of Securities)

                             -----------------------

                                               Copy to:
Christine Simpson                              Chip Patterson, Esq.
MacKenzie Patterson Fuller, LP                 MacKenzie Patterson Fuller, LP
1640 School Street                             1640 School Street
Moraga, California 94556                       Moraga, California 94556
(925) 631-9100 ext.224                         (925) 631-9100 ext. 206

                     (Name, Address, and Telephone Number of
                    Person Authorized to Receive Notices and
                       Communications on Behalf of Bidder)

                            Calculation of Filing Fee

                   Transaction                    Amount of
                   Valuation*                    Filing Fee
                   ----------                    ----------

                    $649,710                       $ 69.52

*     For purposes of calculating  the filing fee only.  Assumes the purchase of
      25,988.4 Units at a purchase price equal to $25 per Unit in cash.

|X|   Check box if any part of the fee is offset as provided by Rule  0-11(a)(2)
      and identify the filing with which the offsetting fee was previously paid.
      Identify the previous filing by registration statement number, or the Form
      or Schedule and the date of its filing.

      Amount Previously Paid: $69.52
      Form or Registration Number: SC TO-T
      Filing Party: MacKenzie Patterson Fuller, LP
      Date Filed: May 31, 2007



|_|   Check the box if the filing relates  solely to preliminary  communications
      made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

|X|   third party tender offer subject to Rule 14d-1.
|_|   issuer tender offer subject to Rule 13e-4.
|_|   going private transaction subject to Rule 13e-3
|_|   amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: |X|



                         FINAL AMENDMENT TO TENDER OFFER

This Tender Offer Statement on Schedule TO relates to the offer (the "Offer") by
MPF-NY 2007, LLC; MacKenzie Patterson Special Fund 5, LLC; MPF Flagship Fund 12,
LLC;  MP Value  Fund 5, LLC;  MPF  DeWaay  Premier  Fund 4, LLC;  and  MacKenzie
Patterson  Fuller, LP (collectively the "Purchasers") to purchase 25,988.4 Units
of limited  partnership  interest (the "Units") in Century  Properties  Fund XVI
(the  "Partnership"),  the subject company, at a purchase price equal to $25 per
Unit, less the amount of any distributions  declared or made with respect to the
Units between May 31, 2007 (the "Offer Date") and July 6, 2007 (the  "Expiration
Date"),  upon the terms and subject to the  conditions set forth in the Offer to
Purchase  dated May 31, 2007 (the "Offer to Purchase") and the related Letter of
Transmittal.

The Offer resulted in the tender by  unitholders,  and acceptance for payment by
the Purchasers,  of a total of 3,601 Units.  Upon  completion of the Offer,  the
Purchasers  held an aggregate of  approximately  3,621 Units,  or  approximately
2.79% of the total  outstanding  Units.  These shares were  allocated  among the
Purchasers as follows:

      MPF-NY 2007, LLC - 360 Units; and MacKenzie  Patterson Special Fund 5, LLC
3,241 Units.

                                   SIGNATURES

      After due inquiry and to the best of my  knowledge  and belief,  I certify
that the information set forth in this statement is true, complete and correct.

Dated: July 26, 2007

       MPF-NY 2007, LLC; MacKenzie Patterson Special Fund 5, LLC; and
       MacKenzie Patterson Fuller, LP


By:    /s/ Chip Patterson
       -----------------------------
       Chip Patterson, Senior Vice President of Manager or
       General Partner of each filing person