UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

 

(Mark One)

(X)   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period endedSeptember 30,December 31, 2017
or
( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number        0-26200

 

BOSTON CAPITAL TAX CREDIT FUND IV L.P.
(Exact name of registrant as specified in its charter)

Delaware

04-3208648

(State or other jurisdiction

(I.R.S. Employer

of incorporation or organization)

Identification No.)

 

One Boston Place, Suite 2100, Boston, Massachusetts  02108
(Address of principal executive offices)    (Zip Code)

                   (617) 624-8900                   

(Registrant's telephone number, including area code)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

Yesý

No 

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

 

Yesý

No 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer □

 

Accelerated Filer □

Non-accelerated filer □ (Do not check if a smaller reporting company)

  

Smaller Reporting Companyý

  

Emerging Growth Company □

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes 

Noý

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED SEPTEMBER 30,DECEMBER 31, 2017

 

TABLE OF CONTENTS

 

PART I FINANCIAL INFORMATION

 
  

        Pages

 

Item 1. Condensed Financial Statements

   
  

Condensed Balance Sheets

4-31

  

Condensed Statements of Operations

32-87

  

Condensed Statements of Changes in 

Partners' Capital (Deficit)


88-97

  

Condensed Statements of Cash Flows

98-125

  

Notes to Condensed Financial Statements

126-162

   

Item 2. Management's Discussion and Analysis of 
        Financial Condition and Results of Operations


163-206163-210

   
 

Item 3. Quantitative and Qualitative Disclosures About         Market Risk


207211

   
 

Item 4. Controls and Procedures

207211

   

PART II OTHER INFORMATION

 
   

Item 1. Legal Proceedings

208212

   
 

Item 1A. Risk Factors

208212

   
 

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


208212

   
 

Item 3. Defaults Upon Senior Securities

208212

   
 

Item 4. Mine Safety Disclosures

208212

   
 

Item 5. Other Information

208212

   
 

Item 6. Exhibits

208212

 

Signatures

209213

   

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

CONDENSED BALANCE SHEETS

(Unaudited)


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

31,157,631

27,209,997

28,521,120

27,209,997

Notes receivable

22,790

22,790

-

22,790

Other assets

176,073

164,773

58,927

164,773

$

31,356,494

$

27,397,560

$

28,580,047

$

27,397,560

LIABILITIES

Accounts payable and accrued expenses

$

680,585

$

697,432

$

651,173

$

697,432

Accounts payable affiliates (Note C)

35,052,389

39,637,826

31,587,088

39,637,826

Capital contributions payable

538,150

578,113

186,846

578,113

36,271,124

40,913,371

32,425,107

40,913,371

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
83,651,080 issued and 83,310,666
outstanding as of September 30, 2017
and March 31, 2017.






2,177,044







(6,338,126)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
83,651,080 issued and 83,310,666
outstanding as of December 31, 2017
and March 31, 2017.






2,171,533







(6,338,126)

General Partner

(7,091,674)

(7,177,685)

(6,016,593)

(7,177,685)

(4,914,630)

(13,515,811)

(3,845,060)

(13,515,811)

$

31,356,494

$

27,397,560

$

28,580,047

$

27,397,560

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 20


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

249,570

271,060

286,465

271,060

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

249,570

$

271,060

$

286,465

$

271,060

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

2,000

$

-

Accounts payable affiliates (Note C)

1,477,973

1,466,902

1,483,509

1,466,902

Capital contributions payable

-

-

-

-

1,477,973

1,466,902

1,485,509

1,466,902

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,866,700 issued and 3,833,200
outstanding as of September 30, 2017
and March 31, 2017.






(907,866)






(875,631)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,866,700 issued and 3,833,200
outstanding as of December 31, 2017
and March 31, 2017.






(878,801)






(875,631)

General Partner

(320,537)

(320,211)

(320,243)

(320,211)

(1,228,403)

(1,195,842)

(1,199,044)

(1,195,842)

$

249,570

$

271,060

$

286,465

$

271,060

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 21

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

224,959

241,102

-

241,102

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

224,959

$

241,102

$

-

$

241,102

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,326,675

1,321,237

-

1,321,237

Capital contributions payable

-

-

-

-

1,326,675

1,321,237

-

1,321,237

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
1,892,700 issued and 1,879,500
outstanding as of September 30, 2017
and March 31, 2017.






(928,748)







(907,383)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
1,892,700 issued and 1,879,500
outstanding as of December 31, 2017
and March 31, 2017.






(898,231)







(907,383)

General Partner

(172,968)

(172,752)

898,231

(172,752)

(1,101,716)

(1,080,135)

-

(1,080,135)

$

224,959

$

241,102

$

-

$

241,102

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

231,606

252,064

225,666

252,064

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

231,606

$

252,064

$

225,666

$

252,064

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

2,863,503

2,848,897

2,870,806

2,848,897

Capital contributions payable

-

-

-

-

2,863,503

2,848,897

2,870,806

2,848,897

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,564,400 issued and 2,557,045
outstanding as of September 30, 2017
and March 31, 2017.






(2,386,494)






(2,351,781)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,564,400 issued and 2,557,045
outstanding as of December 31, 2017
and March 31, 2017.






(2,399,605)






(2,351,781)

General Partner

(245,403)

(245,052)

(245,535)

(245,052)

(2,631,897)

(2,596,833)

(2,645,140)

(2,596,833)

$

231,606

$

252,064

$

225,666

$

252,064

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 23

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,117,517

659,167

1,138,740

659,167

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

1,117,517

$

659,167

$

1,138,740

$

659,167

LIABILITIES

Accounts payable and accrued expenses

$

5,000

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,612,236

2,089,674

1,617,792

2,089,674

Capital contributions payable

-

-

-

-

1,617,236

2,089,674

1,617,792

2,089,674

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,336,727 issued and 3,314,827
outstanding as of September 30, 2017
and March 31, 2017.






(209,875)






(1,131,355)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,336,727 issued and 3,314,827
outstanding as of December 31, 2017
and March 31, 2017.






(189,415)






(1,131,355)

General Partner

(289,844)

(299,152)

(289,637)

(299,152)

(499,719)

(1,430,507)

(479,052)

(1,430,507)

$

1,117,517

$

659,167

$

1,138,740

$

659,167


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 24


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

382,400

427,181

365,067

427,181

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

382,400

$

427,181

$

365,067

$

427,181

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,169,878 issued and 2,154,253
outstanding as of September 30, 2017
and March 31, 2017.






557,828






602,161

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,169,878 issued and 2,154,253
outstanding as of December 31, 2017
and March 31, 2017.






540,668






602,161

General Partner

(175,428)

(174,980)

(175,601)

(174,980)

382,400

427,181

365,067

427,181

$

382,400

$

427,181

$

365,067

$

427,181

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 25

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

427,166

344,461

-

344,461

Notes receivable

-

-

-

-

Other assets

1,250

1,250

-

1,250

$

428,416

$

345,711

$

-

$

345,711

LIABILITIES

Accounts payable and accrued expenses

$

6,912

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

6,912

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,026,109 issued and 3,016,809
outstanding as of September 30, 2017
and March 31, 2017.






640,905






565,870

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,026,109 issued and 3,016,809
outstanding as of December 31, 2017
and March 31, 2017.






219,815






565,870

General Partner

(219,401)

(220,159)

(219,815)

(220,159)

421,504

345,711

-

345,711

$

428,416

$

345,711

$

-

$

345,711

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

692,325

677,679

662,931

677,679

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

692,325

$

677,679

$

662,931

$

677,679

LIABILITIES

Accounts payable and accrued expenses

$

6,000

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

6,000

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,995,900 issued and 3,977,000
outstanding as of September 30, 2017
and March 31, 2017.






997,805






989,245

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,995,900 issued and 3,977,000
outstanding as of December 31, 2017
and March 31, 2017.






974,644






989,245

General Partner

(311,480)

(311,566)

(311,713)

(311,566)

686,325

677,679

662,931

677,679

$

692,325

$

677,679

$

662,931

$

677,679

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 27

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

6,780,449

3,606,473

6,788,242

3,606,473

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

6,780,449

$

3,606,473

$

6,788,242

$

3,606,473

LIABILITIES

Accounts payable and accrued expenses

$

-

$

31,673

$

-

$

31,673

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

31,673

-

31,673

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,460,700 issued and 2,446,400
outstanding as of September 30, 2017
and March 31, 2017.






6,919,092






3,745,499

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,460,700 issued and 2,446,400
outstanding as of December 31, 2017
and March 31, 2017.






6,926,807






3,745,499

General Partner

(138,643)

(170,699)

(138,565)

(170,699)

6,780,449

3,574,800

6,788,242

3,574,800

$

6,780,449

$

3,606,473

$

6,788,242

$

3,606,473

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 28

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

771,724

812,483

756,082

812,483

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

771,724

$

812,483

$

756,082

$

812,483

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,000,738 issued and 3,990,738
outstanding as of September 30, 2017
and March 31, 2017.






1,045,844






1,086,195

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,000,738 issued and 3,990,738
outstanding as of December 31, 2017
and March 31, 2017.






1,030,358






1,086,195

General Partner

(274,120)

(273,712)

(274,276)

(273,712)

771,724

812,483

756,082

812,483

$

771,724

$

812,483

$

756,082

$

812,483

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 29

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

322,400

345,648

314,643

345,648

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

322,400

$

345,648

$

314,643

$

345,648

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

3,520,285

3,479,192

3,540,832

3,479,192

Capital contributions payable

8,235

8,235

8,235

8,235

3,528,520

3,487,427

3,549,067

3,487,427

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,991,800 issued and 3,965,300
outstanding as of September 30, 2017
and March 31, 2017.






(2,835,412)






(2,771,714)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,991,800 issued and 3,965,300
outstanding as of December 31, 2017
and March 31, 2017.






(2,863,433)






(2,771,714)

General Partner

(370,708)

(370,065)

(370,991)

(370,065)

(3,206,120)

(3,141,779)

(3,234,424)

(3,141,779)

$

322,400

$

345,648

$

314,643

$

345,648

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

527,892

270,126

519,393

270,126

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

527,892

$

270,126

$

519,393

$

270,126

LIABILITIES

Accounts payable and accrued expenses

$

5,500

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,671,239

1,641,976

1,683,848

1,641,976

Capital contributions payable

65,176

105,139

65,176

105,139

1,741,915

1,747,115

1,749,024

1,747,115

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,651,000 issued and 2,631,000
outstanding as of September 30, 2017
and March 31, 2017.






(974,827)






(1,235,163)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,651,000 issued and 2,631,000
outstanding as of December 31, 2017
and March 31, 2017.






(990,279)






(1,235,163)

General Partner

(239,196)

(241,826)

(239,352)

(241,826)

(1,214,023)

(1,476,989)

(1,229,631)

(1,476,989)

$

527,892

$

270,126

$

519,393

$

270,126


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

2,021,298

2,047,648

1,993,674

2,047,648

Notes receivable

-

-

-

-

Other assets

25,000

25,000

25,000

25,000

$

2,046,298

$

2,072,648

$

2,018,674

$

2,072,648

LIABILITIES

Accounts payable and accrued expenses

$

3,000

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

66,294

66,294

66,294

66,294

69,294

66,294

66,294

66,294

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,417,857 issued and 4,395,557
outstanding as of September 30, 2017
and March 31, 2017.






2,336,492






2,365,549

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,417,857 issued and 4,395,557
outstanding as of December 31, 2017
and March 31, 2017.






2,312,115






2,365,549

General Partner

(359,488)

(359,195)

(359,735)

(359,195)

1,977,004

2,006,354

1,952,380

2,006,354

$

2,046,298

$

2,072,648

$

2,018,674

$

2,072,648

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,782,907

837,185

1,313,748

837,185

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

1,782,907

$

837,185

$

1,313,748

$

837,185

LIABILITIES

Accounts payable and accrued expenses

$

5,000

$

2,000

$

-

$

2,000

Accounts payable affiliates (Note C)

2,241,214

2,772,531

1,664,448

2,772,531

Capital contributions payable

1,229

1,229

1,229

1,229

2,247,443

2,775,760

1,665,677

2,775,760

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,754,198 issued and 4,740,198
outstanding as of September 30, 2017
and March 31, 2017.






(53,527)






(1,512,826)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,754,198 issued and 4,740,198
outstanding as of December 31, 2017
and March 31, 2017.






57,954






(1,512,826)

General Partner

(411,009)

(425,749)

(409,883)

(425,749)

(464,536)

(1,938,575)

(351,929)

(1,938,575)

$

1,782,907

$

837,185

$

1,313,748

$

837,185

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

322,997

337,765

342,899

337,765

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

322,997

$

337,765

$

342,899

$

337,765

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,223,623

1,190,828

1,239,277

1,190,828

Capital contributions payable

69,154

69,154

2,650

69,154

1,292,777

1,259,982

1,241,927

1,259,982

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,636,533 issued and 2,626,533
outstanding as of September 30, 2017
and March 31, 2017.






(734,302)






(687,215)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,636,533 issued and 2,626,533
outstanding as of December 31, 2017
and March 31, 2017.






(664,258)






(687,215)

General Partner

(235,478)

(235,002)

(234,770)

(235,002)

(969,780)

(922,217)

(899,028)

(922,217)

$

322,997

$

337,765

$

342,899

$

337,765

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

587,267

849,078

393,160

849,078

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

587,267

$

849,078

$

393,160

$

849,078

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

3,003,829

3,221,597

2,828,003

3,221,597

Capital contributions payable

-

-

-

-

3,003,829

3,221,597

2,828,003

3,221,597

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,529,319 issued and 3,517,419
outstanding as of September 30, 2017
and March 31, 2017.






(2,092,007)






(2,048,404)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,529,319 issued and 3,517,419
outstanding as of December 31, 2017
and March 31, 2017.






(2,110,105)






(2,048,404)

General Partner

(324,555)

(324,115)

(324,738)

(324,115)

(2,416,562)

(2,372,519)

(2,434,843)

(2,372,519)

$

587,267

$

849,078

$

393,160

$

849,078

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

4,445,971

2,392,767

4,434,679

2,392,767

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

4,445,971

$

2,392,767

$

4,434,679

$

2,392,767

LIABILITIES

Accounts payable and accrued expenses

$

3,000

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

551,982

-

551,982

Capital contributions payable

-

-

-

-

3,000

551,982

-

551,982

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,300,463 issued and 3,288,363
outstanding as of September 30, 2017
and March 31, 2017.






4,680,566






2,104,402

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,300,463 issued and 3,288,363
outstanding as of December 31, 2017
and March 31, 2017.






4,672,357






2,104,402

General Partner

(237,595)

(263,617)

(237,678)

(263,617)

4,442,971

1,840,785

4,434,679

1,840,785

$

4,445,971

$

2,392,767

$

4,434,679

$

2,392,767

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

2,135,713

2,934,317

2,125,621

2,934,317

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

2,135,713

$

2,934,317

$

2,125,621

$

2,934,317

LIABILITIES

Accounts payable and accrued expenses

$

131,000

$

131,000

$

131,000

$

131,000

Accounts payable affiliates (Note C)

-

767,505

-

767,505

Capital contributions payable

-

-

-

-

131,000

898,505

131,000

898,505

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,106,838 issued and 2,095,704
outstanding as of September 30, 2017
and March 31, 2017.






2,163,329






2,194,117

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,106,838 issued and 2,095,704
outstanding as of December 31, 2017
and March 31, 2017.






2,153,338






2,194,117

General Partner

(158,616)

(158,305)

(158,717)

(158,305)

2,004,713

2,035,812

1,994,621

2,035,812

$

2,135,713

$

2,934,317

$

2,125,621

$

2,934,317

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,140,081

2,096,039

523,132

2,096,039

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

1,140,081

$

2,096,039

$

523,132

$

2,096,039

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,109,078

2,043,715

504,942

2,043,715

Capital contributions payable

138,438

138,438

-

138,438

1,247,516

2,182,153

504,942

2,182,153

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,512,500 issued and 2,495,600
outstanding as of September 30, 2017
and March 31, 2017.






109,204






130,312

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,512,500 issued and 2,495,600
outstanding as of December 31, 2017
and March 31, 2017.






233,573






130,312

General Partner

(216,639)

(216,426)

(215,383)

(216,426)

(107,435)

(86,114)

18,190

(86,114)

$

1,140,081

$

2,096,039

$

523,132

$

2,096,039

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

2,192,458

3,042,864

1,469,010

3,042,864

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

2,192,458

$

3,042,864

$

1,469,010

$

3,042,864

LIABILITIES

Accounts payable and accrued expenses

$

-

$

6,543

$

-

$

6,543

Accounts payable affiliates (Note C)

720,560

1,515,985

-

1,515,985

Capital contributions payable

-

-

-

-

720,560

1,522,528

-

1,522,528

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,543,100 issued and 2,540,100
outstanding as of September 30, 2017
and March 31, 2017.






1,675,463






1,723,417

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,543,100 issued and 2,540,100
outstanding as of December 31, 2017
and March 31, 2017.






1,672,604






1,723,417

General Partner

(203,565)

(203,081)

(203,594)

(203,081)

1,471,898

1,520,336

1,469,010

1,520,336

$

2,192,458

$

3,042,864

$

1,469,010

$

3,042,864

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39

 

 

 


September 30,
2017


March 31,
2017

 

 


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

297,104

1,248,898

-

1,248,898

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

297,104

$

1,248,898

$

-

$

1,248,898

LIABILITIES

Accounts payable and accrued expenses

$

-

$

6,543

$

-

$

6,543

Accounts payable affiliates (Note C)

237,492

1,154,240

-

1,154,240

Capital contributions payable

-

-

-

-

237,492

1,160,783

-

1,160,783

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,292,151 issued and 2,288,351
outstanding as of September 30, 2017
and March 31, 2017.






255,459






283,677

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,292,151 issued and 2,288,351
outstanding as of December 31, 2017
and March 31, 2017.






196,043






283,677

General Partner

(195,847)

(195,562)

(196,043)

(195,562)

59,612

88,115

-

88,115

$

297,104

$

1,248,898

$

-

$

1,248,898

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40

 

 

 


September 30,
2017


March 31,
2017

 

 


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

761,291

248,318

725,271

248,318

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

761,291

$

248,318

$

725,271

$

248,318

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

2,693,533

2,684,058

2,675,427

2,684,058

Capital contributions payable

102

102

102

102

2,693,635

2,684,160

2,675,529

2,684,160

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,630,256 issued and 2,622,756
outstanding as of September 30, 2017
and March 31, 2017.






(1,688,077)






(2,186,540)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,630,256 issued and 2,622,756
outstanding as of December 31, 2017
and March 31, 2017.






(1,705,812)






(2,186,540)

General Partner

(244,267)

(249,302)

(244,446)

(249,302)

(1,932,344)

(2,435,842)

(1,950,258)

(2,435,842)

$

761,291

$

248,318

$

725,271

$

248,318

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

949,622

322,902

1,022,969

322,902

Notes receivable

-

-

-

-

Other assets

1,218

1,218

-

1,218

$

950,840

$

324,120

$

1,022,969

$

324,120

LIABILITIES

Accounts payable and accrued expenses

$

-

$

4,500

$

2,000

$

4,500

Accounts payable affiliates (Note C)

3,321,341

3,286,255

3,370,905

3,286,255

Capital contributions payable

100

100

100

100

3,321,441

3,290,855

3,373,005

3,290,855

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,891,626 issued and 2,884,126
outstanding as of September 30, 2017
and March 31, 2017.






(2,097,726)






(2,687,899)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,891,626 issued and 2,884,126
outstanding as of December 31, 2017
and March 31, 2017.






(2,077,367)






(2,687,899)

General Partner

(272,875)

(278,836)

(272,669)

(278,836)

(2,370,601)

(2,966,735)

(2,350,036)

(2,966,735)

$

950,840

$

324,120

$

1,022,969

$

324,120

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 42

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

970,331

1,072,528

1,198,080

1,072,528

Notes receivable

22,790

22,790

-

22,790

Other assets

62,303

51,003

11,300

51,003

$

1,055,424

$

1,146,321

$

1,209,380

$

1,146,321

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

1,000

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

73,433

73,433

254

73,433

73,433

73,433

1,254

73,433

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,744,262 issued and 2,736,262
outstanding as of September 30, 2017
and March 31, 2017.






1,213,109






1,303,097

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,744,262 issued and 2,736,262
outstanding as of December 31, 2017
and March 31, 2017.






1,436,983






1,303,097

General Partner

(231,118)

(230,209)

(228,857)

(230,209)

981,991

1,072,888

1,208,126

1,072,888

$

1,055,424

$

1,146,321

$

1,209,380

$

1,146,321

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 43

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

379,962

351,638

594,126

351,638

Notes receivable

-

-

-

-

Other assets

82,514

82,514

18,839

82,514

$

462,476

$

434,152

$

612,965

$

434,152

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

887,180

771,794

942,792

771,794

Capital contributions payable

99,265

99,265

26,082

99,265

986,445

871,059

968,874

871,059

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,637,987 issued and 3,632,487
outstanding as of September 30, 2017
and March 31, 2017.






(197,208)






(111,017)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,637,987 issued and 3,632,487
outstanding as of December 31, 2017
and March 31, 2017.






(30,829)






(111,017)

General Partner

(326,761)

(325,890)

(325,080)

(325,890)

(523,969)

(436,907)

(355,909)

(436,907)

$

462,476

$

434,152

$

612,965

$

434,152

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 44

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

53,200

66,324

84,859

66,324

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

53,200

$

66,324

$

84,859

$

66,324

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

2,707,154

2,584,641

2,769,597

2,584,641

Capital contributions payable

-

-

-

-

2,707,154

2,584,641

2,769,597

2,584,641

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,701,973 issued and 2,699,473
outstanding as of September 30, 2017
and March 31, 2017.






(2,389,967)






(2,255,686)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,701,973 issued and 2,699,473
outstanding as of December 31, 2017
and March 31, 2017.






(2,420,443)






(2,255,686)

General Partner

(263,987)

(262,631)

(264,295)

(262,631)

(2,653,954)

(2,518,317)

(2,684,738)

(2,518,317)

$

53,200

$

66,324

$

84,859

$

66,324

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 45

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

739,188

803,153

727,804

803,153

Notes receivable

-

-

-

-

Other assets

-

-

-

-

$

739,188

$

803,153

$

727,804

$

803,153

LIABILITIES

Accounts payable and accrued expenses

$

515,173

$

515,173

$

515,173

$

515,173

Accounts payable affiliates (Note C)

2,443,905

2,357,846

2,514,264

2,357,846

Capital contributions payable

16,724

16,724

16,724

16,724

2,975,802

2,889,743

3,046,161

2,889,743

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,014,367 issued and 4,009,667
outstanding as of September 30, 2017
and March 31, 2017.






(1,860,586)






(1,712,062)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,014,367 issued and 4,009,667
outstanding as of December 31, 2017
and March 31, 2017.






(1,941,511)






(1,712,062)

General Partner

(376,028)

(374,528)

(376,846)

(374,528)

(2,236,614)

(2,086,590)

(2,318,357)

(2,086,590)

$

739,188

$

803,153

$

727,804

$

803,153


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 46

 


September 30,
2017


March 31,
2017


December 31,
2017


March 31,
2017

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

650,233

651,129

514,859

651,129

Notes receivable

-

-

-

-

Other assets

3,788

3,788

3,788

3,788

$

654,021

$

654,917

$

518,647

$

654,917

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,991,569

1,886,971

1,880,646

1,886,971

Capital contributions payable

-

-

-

-

1,991,569

1,886,971

1,880,646

1,886,971

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,980,998 issued and 2,971,998
outstanding as of September 30, 2017
and March 31, 2017.






(1,061,430)






(956,991)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,980,998 issued and 2,971,998
outstanding as of December 31, 2017
and March 31, 2017.






(1,085,637)






(956,991)

General Partner

(276,118)

(275,063)

(276,362)

(275,063)

(1,337,548)

(1,232,054)

(1,361,999)

(1,232,054)

$

654,021

$

654,917

$

518,647

$

654,917

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

  

2017

 

2016

Income

    

Interest income

$

44,147

$

12,779

Other income

 

61,482

 

26,607

105,629

39,386

     
     

Share of income from 
Operating Partnerships (Note D)

 


1,055,522

 


3,579,666

     

Expenses

    

Professional fees

 

26,251

 

67,759

Fund management fee, net (Note C) 

 

456,851

 

661,511

General and administrative expenses

 

259,174

 

210,384

  

742,276

 

939,654

     

NET INCOME (LOSS)

$

418,875

$

2,679,398

     

Net income (loss) allocated to 
assignees


$


414,684


$


2,652,602

     

Net income (loss) allocated to general
partner


$


4,191


$


26,796

     

Net income (loss) per BAC

$

.00

$

.03



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 20

  

2017

 

2016

Income

Interest income

$

284

$

113

Other income

 

-

 

-

  

284

 

113

     
     

Share of income from 
Operating Partnerships (Note D)

 


42,000

 


-

     

Expenses

    

Professional fees

 

657

 

1,425

Fund management fee, net (Note C) 

 

5,336

 

5,202

General and administrative expenses

 

6,930

 

9,204

  

12,923

 

15,831

     

NET INCOME (LOSS)

$

29,361

$

(15,718)

     

Net income (loss) allocated to 
assignees


$


29,067


$


(15,561)

     

Net income (loss) allocated to general
partner


$


294


$


(157)

     

Net income (loss) per BAC

$

.01

$

(.00)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 21

2017

2016

Income

    

Interest income

$

81

$

106

Other income

 

-

 

-

  

81

 

106

     
     

Share of income from 
Operating Partnerships (Note D)

 


67,000

 


-

     

Expenses

    

Professional fees

 

1,314

 

734

Fund management fee, net (Note C) 

 

2,216

 

2,718

General and administrative expenses

 

32,726

 

5,558

  

36,256

 

9,010

     

NET INCOME (LOSS)

$

30,825

$

(8,904)

     

Net income (loss) allocated to 
assignees


$


30,517


$


(8,815)

     

Net income (loss) allocated to general
partner


$


308


$


(89)

     

Net income (loss) per BAC

$

.02

$

(.00)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 22

  

2017

 

2016

Income

    

Interest income

$

196

$

86

Other income

 

-

 

-

  

196

 

86

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

657

 

1,020

Fund management fee, net (Note C) 

 

7,303

 

7,302

General and administrative expenses

 

5,479

 

7,109

  

13,439

 

15,431

     

NET INCOME (LOSS)

$

(13,243)

$

(15,345)

     

Net income (loss) allocated to 
assignees


$


(13,111)


$


(15,192)

     

Net income (loss) allocated to general
partner


$


(132)


$


(153)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 23

  

2017

 

2016

Income

    

Interest income

$

1,140

$

64

Other income

 

1,977

 

-

  

3,117

 

64

     
     

Share of income from 
Operating Partnerships (Note D)

 


30,296

 


-

     

Expenses

    

Professional fees

 

657

 

1,328

Fund management fee, net (Note C) 

 

5,556

 

9,270

General and administrative expenses

 

6,533

 

8,883

  

12,746

 

19,481

     

NET INCOME (LOSS)

$

20,667

$

(19,417)

     

Net income (loss) allocated to 
assignees


$


20,460


$


(19,223)

     

Net income (loss) allocated to general
partner


$


207


$


(194)

     

Net income (loss) per BAC

$

.01

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 24

  

2017

 

2016

Income

Interest income

$

211

$

86

Other income

 

344

 

104

  

555

 

190

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

657

 

818

Fund management fee, net (Note C) 

 

12,098

 

11,858

General and administrative expenses

 

5,131

 

6,536

  

17,886

 

19,212

     

NET INCOME (LOSS)

$

(17,331)

$

(19,022)

     

Net income (loss) allocated to 
assignees


$


(17,158)


$


(18,832)

     

Net income (loss) allocated to general
partner


$


(173)


$


(190)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,December 31,
(Unaudited)

Series 25

 

 

 

  

2017

 

2016

Income

Interest income

$

-

$

80

Other income

 

-

 

16

  

-

 

96

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

1,314

 

1,104

Fund management fee, net (Note C) 

 

-

 

5,184

General and administrative expenses

 

40,074

 

7,758

  

41,388

 

14,046

     

NET INCOME (LOSS)

$

(41,388)

$

(13,950)

     

Net income (loss) allocated to 
assignees


$


(40,974)


$


(13,810)

     

Net income (loss) allocated to general
partner


$


(414)


$


(140)

     

Net income (loss) per BAC

$

(.01)

$

(.00)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 26

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

22,898

$

13,661

$

530

$

225

Other income

 

104,930

 

65,011

 

-

 

4,960

127,828

78,672

 

530

 

5,185

        
        

Share of income from
Operating Partnerships (Note D)

 


5,720,798

 


2,624,637

 


-

 


-

        

Expenses

        

Professional fees

 

426,290

 

394,385

 

657

 

1,431

Fund management fee, net (Note C)

 

553,340

 

675,651

 

15,609

 

21,704

General and administrative expenses

 

142,325

 

173,768

 

7,656

 

10,619

 

1,121,955

 

1,243,804

 

23,922

 

33,754

        

NET INCOME (LOSS)

$

4,726,671

$

1,459,505

$

(23,392)

$

(28,569)

        

Net income (loss) allocated to
assignees


$


4,679,402


$


1,444,911


$


(23,158)


$


(28,283)

        

Net income (loss) allocated to general
partner


$


47,269


$


14,594


$


(234)


$


(286)

        

Net income (loss) per BAC

$

.06

$

.02

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 27

  

2017

 

2016

Income

    

Interest income

$

8,050

$

2,689

Other income

 

7,370

 

-

  

15,420

 

2,689

     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

2,577

 

36,567

Fund management fee, net (Note C) 

 

155

 

21,794

General and administrative expenses

 

4,895

 

6,493

  

7,627

 

64,854

     

NET INCOME (LOSS)

$

7,793

$

(62,165)

     

Net income (loss) allocated to 
assignees


$


7,715


$


(61,543)

     

Net income (loss) allocated to general
partner


$


78


$


(622)

     

Net income (loss) per BAC

$

.00

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 28

  

2017

 

2016

Income

    

Interest income

$

577

$

278

Other income

 

-

 

-

  

577

 

278

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

657

 

1,315

Fund management fee, net (Note C) 

 

8,844

 

(6,156)

General and administrative expenses

 

6,717

 

8,756

  

16,218

 

3,915

     

NET INCOME (LOSS)

$

(15,641)

$

(3,637)

     

Net income (loss) allocated to 
assignees


$


(15,485)


$


(3,601)

     

Net income (loss) allocated to general
partner


$


(156)


$


(36)

     

Net income (loss) per BAC

$

(.00)

$

(.00)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 29

  

2017

 

2016

Income

    

Interest income

$

313

$

149

Other income

 

-

 

-

  

313

 

149

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

657

 

1,449

Fund management fee, net (Note C) 

 

20,547

 

16,596

General and administrative expenses

 

7,413

 

9,681

  

28,617

 

27,726

     

NET INCOME (LOSS)

$

(28,304)

$

(27,577)

     

Net income (loss) allocated to 
assignees


$


(28,021)


$


(27,301)

     

Net income (loss) allocated to general
partner


$


(283)


$


(276)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 30

  

2017

 

2016

Income

Interest income

$

574

$

141

Other income

 

-

 

-

  

574

 

141

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

657

 

894

Fund management fee, net (Note C) 

 

10,209

 

15,021

General and administrative expenses

 

5,314

 

6,974

  

16,180

 

22,889

     

NET INCOME (LOSS)

$

(15,606)

$

(22,748)

     

Net income (loss) allocated to 
assignees


$


(15,450)


$


(22,521)

     

Net income (loss) allocated to general
partner


$


(156)


$


(227)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 31

  

2017

 

2016

Income

    

Interest income

$

2,325

$

670

Other income

 

-

 

-

  

2,325

 

670

     

Share of income from 
Operating Partnerships (Note D)

 


-

 


791,947

     

Expenses

    

Professional fees

 

657

 

1,391

Fund management fee, net (Note C) 

 

19,092

 

37,521

General and administrative expenses

 

7,199

 

9,702

  

26,948

 

48,614

     

NET INCOME (LOSS)

$

(24,623)

$

744,003

     

Net income (loss) allocated to 
assignees


$


(24,377)


$


736,563

     

Net income (loss) allocated to general
partner


$


(246)


$


7,440

     

Net income (loss) per BAC

$

(.01)

$

.17



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 32

  

2017

 

2016

Income

    

Interest income

$

2,148

$

124

Other income

 

11,000

 

-

  

13,148

 

124

     
     

Share of income from 
Operating Partnerships (Note D)

 


128,747

 


48,900

     

Expenses

    

Professional fees

 

657

 

1,482

Fund management fee, net (Note C) 

 

17,234

 

43,080

General and administrative expenses

 

11,395

 

10,050

  

29,286

 

54,612

     

NET INCOME (LOSS)

$

112,609

$

(5,588)

     

Net income (loss) allocated to 
assignees


$


111,483


$


(5,532)

     

Net income (loss) allocated to general
partner


$


1,126


$


(56)

     

Net income (loss) per BAC

$

.02

$

(.00)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,

(Unaudited)

Series 33

  

2017

 

2016

Income

    

Interest income

$

332

$

157

Other income

 

5,329

 

-

  

5,661

 

157

     
     

Share of income from 
Operating Partnerships (Note D)

 


67,454

 


-

     

Expenses

    

Professional fees

 

657

 

890

Fund management fee, net (Note C) 

(3,186)

16,398

General and administrative expenses

 

4,891

 

6,314

  

2,362

 

23,602

     

NET INCOME (LOSS)

$

70,753

$

(23,445)

     

Net income (loss) allocated to 
assignees


$


70,045


$


(23,211)

     

Net income (loss) allocated to general
partner


$


708


$


(234)

     

Net income (loss) per BAC

$

.03

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 34

  

2017

 

2016

Income

Interest income

$

645

$

315

Other income

 

-

 

-

  

645

 

315

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


388,191

     

Expenses

    

Professional fees

 

657

 

1,934

Fund management fee, net (Note C) 

 

12,365

 

12,592

General and administrative expenses

 

5,903

 

7,768

  

18,925

 

22,294

NET INCOME (LOSS)

$

(18,280)

$

366,212

     

Net income (loss) allocated to 
assignees


$


(18,097)


$


362,550

     

Net income (loss) allocated to general
partner


$


(183)


$


3,662

     

Net income (loss) per BAC

$

(.01)

$

.10



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 35

  

2017

 

2016

Income

    

Interest income

$

5,396

$

2,252

Other income

 

-

 

-

5,396

2,252

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


162,435

     

Expenses

Professional fees

 

657

 

1,190

Fund management fee, net (Note C) 

 

7,453

 

21,180

General and administrative expenses

 

5,576

 

7,658

  

13,686

 

30,028

     

NET INCOME (LOSS)

$

(8,290)

$

134,659

     

Net income (loss) allocated to 
assignees


$


(8,207)


$


133,312

     

Net income (loss) allocated to general
partner


$


(83)


$


1,347

     

Net income (loss) per BAC

$

(.00)

$

.04



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 36

  

2017

 

2016

Income

    

Interest income

$

2,465

$

1,895

Other income

 

-

 

-

  

2,465

 

1,895

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

657

 

716

Fund management fee, net (Note C) 

 

7,626

 

7,626

General and administrative expenses

 

4,272

 

5,466

  

12,555

 

13,808

     

NET INCOME (LOSS)

$

(10,090)

$

(11,913)

     

Net income (loss) allocated to 
assignees


$


(9,989)


$


(11,794)

     

Net income (loss) allocated to general
partner


$


(101)


$


(119)

     

Net income (loss) per BAC

$

(.00)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 37

  

2017

 

2016

Income

Interest income

$

1,144

$

1,375

Other income

 

-

 

-

  

1,144

 

1,375

     
     

Share of income from 
Operating Partnerships (Note D)

 


140,415

 


-

     

Expenses

    

Professional fees

 

657

 

804

Fund management fee, net (Note C) 

 

10,957

 

26,424

General and administrative expenses

 

4,318

 

5,994

  

15,932

 

33,222

     

NET INCOME (LOSS)

$

125,627

$

(31,847)

     

Net income (loss) allocated to 
assignees


$


124,371


$


(31,529)

     

Net income (loss) allocated to general
partner


$


1,256


$


(318)

     

Net income (loss) per BAC

$

.05

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 38

  

2017

 

2016

Income

Interest income

$

3,593

$

258

Other income

 

7,020

 

18,350

  

10,613

 

18,608

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


1,795,010

     

Expenses

    

Professional fees

 

657

 

2,100

Fund management fee, net (Note C) 

 

8,034

 

27,579

General and administrative expenses

 

4,808

 

6,312

  

13,499

 

35,991

     

NET INCOME (LOSS)

$

(2,886)

$

1,777,627

     

Net income (loss) allocated to 
assignees


$


(2,857)


$


1,759,851

     

Net income (loss) allocated to general
partner


$


(29)


$


17,776

     

Net income (loss) per BAC

$

(.00)

$

.69



The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,December 31,
(Unaudited)

Series 20
39

 

 

 

2017

 

2016

 

2017

 

2016

Income

    

Interest income

$

33

$

117

$

175

$

103

Other income

 

-

 

-

 

-

 

550

 

33

 

117

 

175

 

653

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


138,000

 


17,779

 


-

        

Expenses

        

Professional fees

 

10,643

 

8,653

 

1,314

 

1,944

Fund management fee, net (Note C)

 

5,240

 

5,335

 

1,712

 

13,623

General and administrative expenses

 

5,809

 

7,503

 

34,495

 

5,308

 

21,692

 

21,491

 

37,521

 

20,875

        

NET INCOME (LOSS)

$

(21,659)

$

116,626

$

(19,567)

$

(20,222)

        

Net income (loss) allocated to
assignees


$


(21,442)


$


115,460


$


(19,371)


$


(20,020)

        

Net income (loss) allocated to general
partner


$


(217)


$


1,166


$


(196)


$


(202)

        

Net income (loss) per BAC

$

(.01)

$

.03

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 40

 

  

2017

 

2016

Income

    

Interest income

$

830

$

40

Other income

2,262

-

  

3,092

 

40

     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

657

 

785

Fund management fee, net (Note C) 

 

15,119

 

33,579

General and administrative expenses

 

5,228

 

6,820

  

21,004

 

41,184

     

NET INCOME (LOSS)

$

(17,912)

$

(41,144)

     

Net income (loss) allocated to 
assignees


$


(17,733)


$


(40,733)

     

Net income (loss) allocated to general
partner


$


(179)


$


(411)

     

Net income (loss) per BAC

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended December 31,
(Unaudited)

Series 41

  

2017

 

2016

Income

    

Interest income

$

1,070

$

137

Other income

 

2,765

 

-

  

3,835

 

137

     
     

Share of income from 
Operating Partnerships (Note D)

 


63,058

 


-

     

Expenses

    

Professional fees

 

657

 

961

Fund management fee, net (Note C) 

 

37,849

 

49,440

General and administrative expenses

 

7,821

 

8,370

  

46,327

 

58,771

     

NET INCOME (LOSS)

$

20,566

$

(58,634)

     

Net income (loss) allocated to 
assignees


$


20,360


$


(58,048)

     

Net income (loss) allocated to general
partner


$


206


$


(586)

     

Net income (loss) per BAC

$

.01

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,December 31,
(Unaudited)

Series 2142

 

 

 

2017

2016

 

2017

 

2016

Income

        

Interest income

$

27

$

156

$

5,466

$

607

Other income

 

859

 

859

 

172

 

52

 

886

 

1,015

 

5,638

 

659

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


262,279

 


-

    

Expenses

        

Professional fees

 

8,330

 

9,737

 

657

 

870

Fund management fee, net (Note C)

 

1,131

 

1,130

 

35,049

 

42,506

General and administrative expenses

 

4,643

 

5,503

 

6,073

 

7,558

 

14,104

 

16,370

 

41,779

 

50,934

        

NET INCOME (LOSS)

$

(13,218)

$

(15,355)

$

226,138

$

(50,275)

        

Net income (loss) allocated to
assignees


$


(13,086)


$


(15,201)


$


223,877


$


(49,772)

        

Net income (loss) allocated to general
partner


$


(132)


$


(154)


$


2,261


$


(503)

        

Net income (loss) per BAC

$

(.01)

$

(.01)

$

.08

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,December 31,
(Unaudited)

Series 2243

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

80

$

99

$

4,962

$

455

Other income

 

-

 

-

 

-

 

-

 

80

 

99

 

4,962

 

455

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


225,500

 


-

        

Expenses

        

Professional fees

 

9,180

 

11,304

 

657

 

1,037

Fund management fee, net (Note C)

 

7,303

 

7,302

 

54,247

 

53,693

General and administrative expenses

 

5,130

 

6,397

 

7,497

 

9,444

 

21,613

 

25,003

 

62,401

 

64,174

        

NET INCOME (LOSS)

$

(21,533)

$

(24,904)

$

168,061

$

(63,719)

        

Net income (loss) allocated to
assignees


$


(21,318)


$


(24,655)


$


166,380


$


(63,082)

        

Net income (loss) allocated to general
partner


$


(215)


$


(249)


$


1,681


$


(637)

        

Net income (loss) per BAC

$

(.01)

$

(.01)

$

.05

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,December 31,
(Unaudited)

Series 2344

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

1,358

$

74

$

61

$

4

Other income

 

1,977

 

-

 

6,895

 

2,187

 

3,335

 

74

 

6,956

 

2,191

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


-

 


-

        

Expenses

        

Professional fees

 

12,166

 

12,999

 

657

 

823

Fund management fee, net (Note C)

 

5,556

 

6,270

 

31,705

 

60,012

General and administrative expenses

 

5,637

 

7,220

 

5,377

 

6,755

 

23,359

 

26,489

 

37,739

 

67,590

        

NET INCOME (LOSS)

$

(20,024)

$

(26,415)

$

(30,783)

$

(65,399)

        

Net income (loss) allocated to
assignees


$


(19,824)


$


(26,151)


$


(30,475)


$


(64,745)

        

Net income (loss) allocated to general
partner


$


(200)


$


(264)


$


(308)


$


(654)

        

Net income (loss) per BAC

$

(.01)

$

(.01)

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,December 31,
(Unaudited)


Series 2445

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

    

Interest income

$

79

$

105

$

854

$

271

Other income

 

404

 

2,062

 

-

 

388

 

483

 

2,167

 

854

 

659

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


-

 


-

        

Expenses

        

Professional fees

 

10,353

 

9,631

 

5,278

 

1,852

Fund management fee, net (Note C)

 

11,410

 

11,150

 

68,354

 

58,020

General and administrative expenses

 

5,055

 

5,949

 

8,963

 

11,176

 

26,818

 

26,730

 

82,595

 

71,048

        

NET INCOME (LOSS)

$

(26,335)

$

(24,563)

$

(81,741)

$

(70,389)

        

Net income (loss) allocated to
assignees


$


(26,072)


$


(24,317)


$


(80,924)


$


(69,685)

    

Net income (loss) allocated to general
partner


$


(263)


$


(246)


$


(817)


$


(704)

        

Net income (loss) per BAC

$

(.01)

$

(.01)

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 25

  

2017

 

2016

Income

Interest income

$

71

$

87

Other income

 

10,178

 

10,162

  

10,249

 

10,249

     
     

Share of income from 
Operating Partnerships (Note D)

 


97,399

 


-

     

Expenses

    

Professional fees

 

9,698

 

8,628

Fund management fee, net (Note C) 

 

3,748

 

224

General and administrative expenses

 

5,523

 

6,792

  

18,969

 

15,644

     

NET INCOME (LOSS)

$

88,679

$

(5,395)

     

Net income (loss) allocated to 
assignees


$


87,792


$


(5,341)

     

Net income (loss) allocated to general
partner


$


887


$


(54)

     

Net income (loss) per BAC

$

.03

$

(.00)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 26

  

2017

 

2016

Income

    

Interest income

$

132

$

229

Other income

 

106

 

796

  

238

 

1,025

     
     

Share of income from 
Operating Partnerships (Note D)

 


80,000

 


18,500

     

Expenses

    

Professional fees

 

15,501

 

16,794

Fund management fee, net (Note C) 

 

19,704

 

19,769

General and administrative expenses

 

6,160

 

8,011

  

41,365

 

44,574

     

NET INCOME (LOSS)

$

38,873

$

(25,049)

     

Net income (loss) allocated to 
assignees


$


38,484


$


(24,799)

     

Net income (loss) allocated to general
partner


$


389


$


(250)

     

Net income (loss) per BAC

$

.01

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 27

  

2017

 

2016

Income

    

Interest income

$

7,606

$

2,704

Other income

 

10,103

 

6,000

  

17,709

 

8,704

     

Share of income from 
Operating Partnerships (Note D)

 


-

 


21,000

     

Expenses

    

Professional fees

 

58,769

 

33,467

Fund management fee, net (Note C) 

 

7,555

 

25,866

General and administrative expenses

 

5,070

 

6,039

  

71,394

 

65,372

     

NET INCOME (LOSS)

$

(53,685)

$

(35,668)

     

Net income (loss) allocated to 
assignees


$


(53,148)


$


(35,311)

     

Net income (loss) allocated to general
partner


$


(537)


$


(357)

     

Net income (loss) per BAC

$

(.02)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 28

  

2017

 

2016

Income

    

Interest income

$

146

$

305

Other income

 

-

 

-

  

146

 

305

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

11,689

 

14,957

Fund management fee, net (Note C) 

 

8,844

 

8,844

General and administrative expenses

 

5,815

 

7,349

  

26,348

 

31,150

     

NET INCOME (LOSS)

$

(26,202)

$

(30,845)

     

Net income (loss) allocated to 
assignees


$


(25,940)


$


(30,537)

     

Net income (loss) allocated to general
partner


$


(262)


$


(308)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 29

  

2017

 

2016

Income

    

Interest income

$

87

$

179

Other income

 

-

 

-

  

87

 

179

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

12,992

 

21,913

Fund management fee, net (Note C) 

 

17,160

 

16,843

General and administrative expenses

 

5,797

 

7,645

  

35,949

 

46,401

     

NET INCOME (LOSS)

$

(35,862)

$

(46,222)

     

Net income (loss) allocated to 
assignees


$


(35,503)


$


(45,760)

     

Net income (loss) allocated to general
partner


$


(359)


$


(462)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 30

  

2017

 

2016

Income

    

Interest income

$

69

$

145

Other income

 

-

 

-

  

69

 

145

     
     

Share of income from 
Operating Partnerships (Note D)

 


2,091

 


-

     

Expenses

    

Professional fees

 

11,355

 

13,780

Fund management fee, net (Note C) 

 

12,609

 

17,421

General and administrative expenses

 

4,886

 

5,840

  

28,850

 

37,041

     

NET INCOME (LOSS)

$

(26,690)

$

(36,896)

     

Net income (loss) allocated to 
assignees


$


(26,423)


$


(36,527)

     

Net income (loss) allocated to general
partner


$


(267)


$


(369)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

SeriesDecember 31,

  

2017

 

2016

Income

    

Interest income

$

1,393

$

679

Other income

 

640

 

114

  

2,033

 

793

     
     

Share of income from 
Operating Partnerships (Note D)

 


45,000

 


-

     

Expenses

    

Professional fees

 

20,446

 

17,135

Fund management fee, net (Note C) 

 

21,699

 

34,521

General and administrative expenses

 

5,823

 

7,601

  

47,968

 

59,257

     

NET INCOME (LOSS)

$

(935)

$

(58,464)

     

Net income (loss) allocated to 
assignees


$


(926)


$


(57,879)

     

Net income (loss) allocated to general
partner


$


(9)


$


(585)

     

Net income (loss) per BAC

$

(.00)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 32

  

2017

 

2016

Income

    

Interest income

$

459

$

393

Other income

 

-

 

-

  

459

 

393

     
     

Share of income from 
Operating Partnerships (Note D)

 


1,533,999

 


-

     

Expenses

    

Professional fees

 

14,753

 

12,691

Fund management fee, net (Note C) 

 

26,370

 

39,120

General and administrative expenses

 

5,839

 

7,768

  

46,962

 

59,579

     

NET INCOME (LOSS)

$

1,487,496

$

(59,186)

     

Net income (loss) allocated to 
assignees


$


1,472,621


$


(58,594)

     

Net income (loss) allocated to general
partner


$


14,875


$


(592)

     

Net income (loss) per BAC

$

.31

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,

(Unaudited)

Series 33

  

2017

 

2016

Income

    

Interest income

$

88

$

502

Other income

 

-

 

-

  

88

 

502

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

9,843

 

10,260

Fund management fee, net (Note C) 

16,397

15,228

General and administrative expenses

 

4,762

 

5,750

  

31,002

 

31,238

     

NET INCOME (LOSS)

$

(30,914)

$

(30,736)

     

Net income (loss) allocated to 
assignees


$


(30,605)


$


(30,429)

     

Net income (loss) allocated to general
partner


$


(309)


$


(307)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 34

  

2017

 

2016

Income

Interest income

$

465

$

327

Other income

 

1,539

 

1,539

  

2,004

 

1,866

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


215,000

     

Expenses

    

Professional fees

 

12,958

 

12,364

Fund management fee, net (Note C) 

 

8,166

 

5,152

General and administrative expenses

 

5,226

 

6,476

  

26,350

 

23,992

NET INCOME (LOSS)

$

(24,346)

$

192,874

     

Net income (loss) allocated to 
assignees


$


(24,103)


$


190,945

     

Net income (loss) allocated to general
partner


$


(243)


$


1,929

     

Net income (loss) per BAC

$

(.01)

$

.05



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 35

  

2017

 

2016

Income

    

Interest income

$

2,181

$

2,593

Other income

 

2,818

 

-

4,999

2,593

     
     

Share of income from 
Operating Partnerships (Note D)

 


2,653,528

 


85,949

     

Expenses

Professional fees

 

12,474

 

12,823

Fund management fee, net (Note C) 

 

15,022

 

19,606

General and administrative expenses

 

5,339

 

6,579

  

32,835

 

39,008

     

NET INCOME (LOSS)

$

2,625,692

$

49,534

     

Net income (loss) allocated to 
assignees


$


2,599,435


$


49,039

     

Net income (loss) allocated to general
partner


$


26,257


$


495

     

Net income (loss) per BAC

$

.79

$

.01



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 36

  

2017

 

2016

Income

    

Interest income

$

1,896

$

1,313

Other income

 

1,294

 

5,279

  

3,190

 

6,592

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


85,949

     

Expenses

    

Professional fees

 

13,115

 

12,146

Fund management fee, net (Note C) 

 

7,626

 

7,626

General and administrative expenses

 

4,665

 

5,280

  

25,406

 

25,052

     

NET INCOME (LOSS)

$

(22,216)

$

67,489

     

Net income (loss) allocated to 
assignees


$


(21,994)


$


66,814

     

Net income (loss) allocated to general
partner


$


(222)


$


675

     

Net income (loss) per BAC

$

(.01)

$

.03



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 37

  

2017

 

2016

Income

Interest income

$

2,064

$

681

Other income

 

5,432

 

-

  

7,496

 

681

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


1,932,139

     

Expenses

    

Professional fees

 

12,645

 

9,619

Fund management fee, net (Note C) 

 

12,501

 

34,425

General and administrative expenses

 

4,618

 

5,379

  

29,764

 

49,423

     

NET INCOME (LOSS)

$

(22,268)

$

1,883,397

     

Net income (loss) allocated to 
assignees


$


(22,045)


$


1,864,563

     

Net income (loss) allocated to general
partner


$


(223)


$


18,834

     

Net income (loss) per BAC

$

(.01)

$

.74



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 38

  

2017

 

2016

Income

Interest income

$

2,611

$

159

Other income

 

10,160

 

16,000

  

12,771

 

16,159

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

13,776

 

12,659

Fund management fee, net (Note C) 

 

17,734

 

31,936

General and administrative expenses

 

4,869

 

5,591

  

36,379

 

50,186

     

NET INCOME (LOSS)

$

(23,608)

$

(34,027)

     

Net income (loss) allocated to 
assignees


$


(23,372)


$


(33,687)

     

Net income (loss) allocated to general
partner


$


(236)


$


(340)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 39

  

2017

 

2016

Income

    

Interest income

$

447

$

148

Other income

 

-

 

-

  

447

 

148

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


99,600

     

Expenses

    

Professional fees

 

14,305

 

12,146

Fund management fee, net (Note C) 

 

1,709

 

16,280

General and administrative expenses

 

4,623

 

5,095

  

20,637

 

33,521

     

NET INCOME (LOSS)

$

(20,190)

$

66,227

     

Net income (loss) allocated to 
assignees


$


(19,988)


$


65,565

     

Net income (loss) allocated to general
partner


$


(202)


$


662

     

Net income (loss) per BAC

$

(.01)

$

.03



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 40

  

2017

 

2016

Income

    

Interest income

$

64

$

103

Other income

1,250

-

  

1,314

 

103

     

Share of income from 
Operating Partnerships (Note D)

 


588,952

 


28,500

     

Expenses

    

Professional fees

 

16,553

 

15,558

Fund management fee, net (Note C) 

 

28,709

 

26,835

General and administrative expenses

 

4,812

 

5,496

  

50,074

 

47,889

     

NET INCOME (LOSS)

$

540,192

$

(19,286)

     

Net income (loss) allocated to 
assignees


$


534,790


$


(19,093)

     

Net income (loss) allocated to general
partner


$


5,402


$


(193)

     

Net income (loss) per BAC

$

.20

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 41

  

2017

 

2016

Income

    

Interest income

$

258

$

133

Other income

 

-

 

1,302

  

258

 

1,435

     
     

Share of income from 
Operating Partnerships (Note D)

 


719,829

 


-

     

Expenses

    

Professional fees

 

16,805

 

17,973

Fund management fee, net (Note C) 

 

50,647

 

54,348

General and administrative expenses

 

5,261

 

6,103

  

72,713

 

78,424

     

NET INCOME (LOSS)

$

647,374

$

(76,989)

     

Net income (loss) allocated to 
assignees


$


640,900


$


(76,219)

     

Net income (loss) allocated to general
partner


$


6,474


$


(770)

     

Net income (loss) per BAC

$

.22

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 42

  

2017

 

2016

Income

    

Interest income

$

328

$

850

Other income

 

15,789

 

421

  

16,117

 

1,271

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

Expenses

    

Professional fees

 

14,660

 

19,287

Fund management fee, net (Note C) 

 

36,957

 

36,417

General and administrative expenses

 

5,114

 

6,209

  

56,731

 

61,913

     

NET INCOME (LOSS)

$

(40,614)

$

(60,642)

     

Net income (loss) allocated to 
assignees


$


(40,208)


$


(60,036)

     

Net income (loss) allocated to general
partner


$


(406)


$


(606)

     

Net income (loss) per BAC

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 43

  

2017

 

2016

Income

    

Interest income

$

95

$

1,122

Other income

 

6,909

 

-

  

7,004

 

1,122

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

16,878

 

20,142

Fund management fee, net (Note C) 

 

51,006

 

50,345

General and administrative expenses

 

5,445

 

7,109

  

73,329

 

77,596

     

NET INCOME (LOSS)

$

(66,325)

$

(76,474)

     

Net income (loss) allocated to 
assignees


$


(65,662)


$


(75,709)

     

Net income (loss) allocated to general
partner


$


(663)


$


(765)

     

Net income (loss) per BAC

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 44

  

2017

 

2016

Income

    

Interest income

$

6

$

13

Other income

 

11,864

 

981

  

11,870

 

994

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

20,201

 

10,661

Fund management fee, net (Note C) 

 

57,825

 

58,769

General and administrative expenses

 

4,851

 

5,744

  

82,877

 

75,174

     

NET INCOME (LOSS)

$

(71,007)

$

(74,180)

     

Net income (loss) allocated to 
assignees


$


(70,297)


$


(73,438)

     

Net income (loss) allocated to general
partner


$


(710)


$


(742)

     

Net income (loss) per BAC

$

(.03)

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 45

  

2017

 

2016

Income

    

Interest income

$

533

$

355

Other income

 

6,228

 

3,048

  

6,761

 

3,403

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

30,803

 

21,698

Fund management fee, net (Note C) 

 

59,041

 

68,800

General and administrative expenses

 

6,383

 

7,199

  

96,227

 

97,697

     

NET INCOME (LOSS)

$

(89,466)

$

(94,294)

     

Net income (loss) allocated to 
assignees


$


(88,571)


$


(93,351)

Net income (loss) allocated to general
partner


$


(895)


$


(943)

     

Net income (loss) per BAC

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended September 30,
(Unaudited)

Series 46

 

 

 

2017

2016

2017

2016

Income

        

Interest income

$

322

$

90

$

725

$

99

Other income

 

17,380

 

16,448

 

16,348

 

-

 

17,702

 

16,538

 

17,073

 

99

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


10,994

 


393,183

        

Expenses

        

Professional fees

 

15,399

 

15,360

 

657

 

895

Fund management fee, net (Note C)

 

41,671

 

56,089

 

45,368

 

47,745

General and administrative expenses

 

5,170

 

6,141

 

6,490

 

8,118

 

62,240

 

77,590

 

52,515

 

56,758

        

NET INCOME (LOSS)

$

(44,538)

$

(61,052)

$

(24,448)

$

336,524

        

Net income (loss) allocated to
assignees


$


(44,093)


$


(60,441)


$


(24,204)


$


333,159

        

Net income (loss) allocated to general
partner


$


(445)


$


(611)


$


(244)


$


3,365

        

Net income (loss) per BAC

$

(.01)

$

(.02)

$

(.01)

$

.11



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

 

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

36,833

$

26,477

$

80,976

$

39,255

Other income

 

192,644

 

193,183

 

254,126

 

219,790

229,477

219,660

335,102

259,045

        
        

Share of income from
Operating Partnerships (Note D)

 


10,250,429

 


10,413,293

 


11,305,952

 


13,992,959

        

Expenses

        

Professional fees

 

555,656

 

580,410

 

581,933

 

648,169

Fund management fee, net (Note C)

 

1,073,715

 

1,262,700

 

1,530,568

 

1,924,211

General and administrative expenses

 

249,354

 

294,488

 

508,530

 

504,870

 

1,878,725

 

2,137,598

 

2,621,031

 

3,077,250

        

NET INCOME (LOSS)

$

8,601,181

$

8,495,355

$

9,020,023

$

11,174,754

        

Net income (loss) allocated to
assignees


$


8,515,170


$


8,410,400


$


8,929,822


$


11,063,009

        

Net income (loss) allocated to general
partner


$


86,011


$


84,955


$


90,201


$


111,745

        

Net income (loss) per BAC

$

.10

$

.10

$

.11

$

.13



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 20

 

 

 

2017

 

2016

 

2017

 

2016

Income

Interest income

$

68

$

221

$

350

$

334

Other income

 

-

 

-

 

-

 

-

 

68

 

221

 

350

 

334

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


138,000

 


42,000

 


138,000

        

Expenses

        

Professional fees

 

13,623

 

11,716

 

14,281

 

13,141

Fund management fee, net (Note C)

 

8,959

 

12,873

 

14,295

 

18,075

General and administrative expenses

 

10,047

 

12,496

 

16,976

 

21,699

 

32,629

 

37,085

 

45,552

 

52,915

        

NET INCOME (LOSS)

$

(32,561)

$

101,136

$

(3,202)

$

85,419

        

Net income (loss) allocated to
assignees


$


(32,235)


$


100,125


$


(3,170)


$


84,565

        

Net income (loss) allocated to general
partner


$


(326)


$


1,011


$


(32)


$


854

        

Net income (loss) per BAC

$

(.01)

$

.03

$

(.00)

$

.02



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 21

 

 

2017

2016

Income

    

Interest income

$

137

$

486

Other income

 

859

 

859

  

996

 

1,345

     
     

Share of income from 
Operating Partnerships (Note D)

 


67,000

 


-

     

Expenses

    

Professional fees

 

12,275

 

13,453

Fund management fee, net (Note C) 

 

5,603

 

6,103

General and administrative expenses

 

40,874

 

14,649

  

58,752

 

34,205

     

NET INCOME (LOSS)

$

9,244

$

(32,860)

     

Net income (loss) allocated to 
assignees


$


9,152


$


(32,531)

     

Net income (loss) allocated to general
partner


$


92


$


(329)

     

Net income (loss) per BAC

$

.00

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 2122

 

 

 

2017

2016

 

2017

 

2016

Income

        

Interest income

$

56

$

380

$

361

$

291

Other income

 

859

 

859

 

-

 

-

 

915

 

1,239

 

361

 

291

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


-

 


-

        

Expenses

        

Professional fees

 

10,960

 

12,719

 

12,818

 

15,679

Fund management fee, net (Note C)

 

3,387

 

3,385

 

21,409

 

21,406

General and administrative expenses

 

8,149

 

9,091

 

14,441

 

17,703

 

22,496

 

25,195

 

48,668

 

54,788

        

NET INCOME (LOSS)

$

(21,581)

$

(23,956)

$

(48,307)

$

(54,497)

        

Net income (loss) allocated to
assignees


$


(21,365)


$


(23,716)


$


(47,824)


$


(53,952)

        

Net income (loss) allocated to general
partner


$


(216)


$


(240)


$


(483)


$


(545)

        

Net income (loss) per BAC

$

(.01)

$

(.01)

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 23

  

2017

 

2016

Income

    

Interest income

$

3,364

$

230

Other income

 

5,932

 

-

  

9,296

 

230

     
     

Share of income from 
Operating Partnerships (Note D)

 


989,962

 


3,550

     

Expenses

    

Professional fees

 

16,579

 

19,409

Fund management fee, net (Note C) 

 

14,918

 

23,012

General and administrative expenses

 

16,306

 

20,966

  

47,803

 

63,387

     

NET INCOME (LOSS)

$

951,455

$

(59,607)

     

Net income (loss) allocated to 
assignees


$


941,940


$


(59,011)

     

Net income (loss) allocated to general
partner


$


9,515


$


(596)

     

Net income (loss) per BAC

$

.28

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 24

  

2017

 

2016

Income

Interest income

$

372

$

297

Other income

 

748

 

3,846

  

1,120

 

4,143

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

14,336

 

13,968

Fund management fee, net (Note C) 

 

34,929

 

32,407

General and administrative expenses

 

13,969

 

17,215

  

63,234

 

63,590

     

NET INCOME (LOSS)

$

(62,114)

$

(59,447)

     

Net income (loss) allocated to 
assignees


$


(61,493)


$


(58,853)

     

Net income (loss) allocated to general
partner


$


(621)


$


(594)

     

Net income (loss) per BAC

$

(.03)

$

(.03)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 2225

 

 

 

  

2017

 

2016

Income

    

Interest income

$

164

$

205

Other income

 

-

 

-

  

164

 

205

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

12,160

 

14,659

Fund management fee, net (Note C) 

 

14,106

 

14,104

General and administrative expenses

 

8,962

 

10,594

  

35,228

 

39,357

     

NET INCOME (LOSS)

$

(35,064)

$

(39,152)

     

Net income (loss) allocated to 
assignees


$


(34,713)


$


(38,760)

     

Net income (loss) allocated to general
partner


$


(351)


$


(392)

     

Net income (loss) per BAC

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 23

 

2017

 

2016

 

2017

 

2016

Income

    

Interest income

$

2,224

$

165

$

143

$

256

Other income

 

3,955

 

-

 

10,178

 

10,178

 

6,179

 

165

 

10,321

 

10,434

        
        

Share of income from
Operating Partnerships (Note D)

 


959,665

 


3,550

 


97,399

 


-

        

Expenses

        

Professional fees

 

15,921

 

18,081

 

13,993

 

12,762

Fund management fee, net (Note C)

 

9,362

 

13,742

 

9,682

 

11,342

General and administrative expenses

 

9,773

 

12,083

 

49,639

 

20,196

 

35,056

 

43,906

 

73,314

 

44,300

        

NET INCOME (LOSS)

$

930,788

$

(40,191)

$

34,406

$

(33,866)

        

Net income (loss) allocated to
assignees


$


921,480


$


(39,789)


$


34,062


$


(33,527)

        

Net income (loss) allocated to general
partner


$


9,308


$


(402)


$


344


$


(339)

        

Net income (loss) per BAC

$

.28

$

(.01)

$

.01

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 26

 

 

  

2017

 

2016

Income

    

Interest income

$

799

$

802

Other income

 

526

 

6,176

  

1,325

 

6,978

     
     

Share of income from 
Operating Partnerships (Note D)

 


80,000

 


18,500

     

Expenses

    

Professional fees

 

20,884

 

23,890

Fund management fee, net (Note C) 

 

56,858

 

65,190

General and administrative expenses

 

18,331

 

25,561

  

96,073

 

114,641

     

NET INCOME (LOSS)

$

(14,748)

$

(89,163)

     

Net income (loss) allocated to 
assignees


$


(14,601)


$


(88,271)

     

Net income (loss) allocated to general
partner


$


(147)


$


(892)

     

Net income (loss) per BAC

$

(.00)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)



Series 2427

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

    

Interest income

$

161

$

210

$

19,993

$

6,629

Other income

 

404

 

3,742

 

17,473

 

6,000

 

565

 

3,952

 

37,466

 

12,629

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


3,291,567

 


3,016,000

        

Expenses

        

Professional fees

 

13,678

 

13,150

 

79,116

 

104,403

Fund management fee, net (Note C)

 

22,831

 

20,548

 

22,678

 

74,018

General and administrative expenses

 

8,837

 

10,679

 

13,797

 

16,382

 

45,346

 

44,377

 

115,591

 

194,803

        

NET INCOME (LOSS)

$

(44,781)

$

(40,425)

$

3,213,442

$

2,833,826

        

Net income (loss) allocated to
assignees


$


(44,333)


$


(40,021)


$


3,181,308


$


2,805,488

        

Net income (loss) allocated to general
partner


$


(448)


$


(404)


$


32,134


$


28,338

        

Net income (loss) per BAC

$

(.02)

$

(.02)

$

1.30

$

1.14



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 28

  

2017

 

2016

Income

    

Interest income

$

872

$

884

Other income

 

446

 

7,976

  

1,318

 

8,860

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


5,000

     

Expenses

    

Professional fees

 

16,372

 

20,687

Fund management fee, net (Note C) 

 

24,532

 

12,835

General and administrative expenses

 

16,815

 

22,425

  

57,719

 

55,947

     

NET INCOME (LOSS)

$

(56,401)

$

(42,087)

     

Net income (loss) allocated to 
assignees


$


(55,837)


$


(41,666)

     

Net income (loss) allocated to general
partner


$


(564)


$


(421)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 2529

 

 

 

  

2017

 

2016

Income

Interest income

$

143

$

175

Other income

 

10,178

 

10,162

  

10,321

 

10,337

     
     

Share of income from 
Operating Partnerships (Note D)

 


97,399

 


-

     

Expenses

    

Professional fees

 

12,678

 

11,658

Fund management fee, net (Note C) 

 

9,682

 

6,158

General and administrative expenses

 

9,567

 

12,438

  

31,927

 

30,254

     

NET INCOME (LOSS)

$

75,793

$

(19,917)

     

Net income (loss) allocated to 
assignees


$


75,035


$


(19,718)

     

Net income (loss) allocated to general
partner


$


758


$


(199)

     

Net income (loss) per BAC

$

.02

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 26

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

269

$

578

$

493

$

606

Other income

 

526

 

1,216

 

-

 

-

 

795

 

1,794

 

493

 

606

        
        

Share of income from
Operating Partnerships (Note D)

 


80,000

 


18,500

 


-

 


-

        

Expenses

        

Professional fees

 

20,226

 

22,459

 

17,325

 

62,411

Fund management fee, net (Note C)

 

41,249

 

43,486

 

58,253

 

53,985

General and administrative expenses

 

10,674

 

14,942

 

17,560

 

22,389

 

72,149

 

80,887

 

93,138

 

138,785

        

NET INCOME (LOSS)

$

8,646

$

(60,593)

$

(92,645)

$

(138,179)

        

Net income (loss) allocated to
assignees


$


8,560


$


(59,987)


$


(91,719)


$


(136,797)

        

Net income (loss) allocated to general
partner


$


86


$


(606)


$


(926)


$


(1,382)

        

Net income (loss) per BAC

$

.00

$

(.02)

$

(.02)

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 2730

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

11,943

$

3,940

$

700

$

503

Other income

 

10,103

 

6,000

 

1,243

 

1,243

 

22,046

 

9,940

 

1,943

 

1,746

        
        

Share of income from
Operating Partnerships (Note D)

 


3,291,567

 


3,016,000

 


265,984

 


-

        

Expenses

        

Professional fees

 

76,539

 

67,836

 

15,688

 

19,058

Fund management fee, net (Note C)

 

22,523

 

52,224

 

(9,082)

 

42,047

General and administrative expenses

 

8,902

 

9,889

 

13,963

 

16,733

 

107,964

 

129,949

 

20,569

 

77,838

        

NET INCOME (LOSS)

$

3,205,649

$

2,895,991

$

247,358

$

(76,092)

        

Net income (loss) allocated to
assignees


$


3,173,593


$


2,867,031


$


244,884


$


(75,331)

        

Net income (loss) allocated to general
partner


$


32,056


$


28,960


$


2,474


$


(761)

        

Net income (loss) per BAC

$

1.30

$

1.17

$

.09

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 2831

 

 

 

  

2017

 

2016

Income

    

Interest income

$

295

$

607

Other income

 

446

 

7,976

  

741

 

8,583

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


5,000

     

Expenses

    

Professional fees

 

15,714

 

19,372

Fund management fee, net (Note C) 

 

15,688

 

18,991

General and administrative expenses

 

10,098

 

13,669

  

41,500

 

52,032

     

NET INCOME (LOSS)

$

(40,759)

$

(38,449)

     

Net income (loss) allocated to 
assignees


$


(40,351)


$


(38,065)

     

Net income (loss) allocated to general
partner


$


(408)


$


(384)

     

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 29

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

179

$

457

$

4,736

$

2,103

Other income

 

-

 

-

 

1,116

 

590

 

179

 

457

 

5,852

 

2,693

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


45,000

 


791,947

        

Expenses

        

Professional fees

 

16,667

 

60,962

 

26,529

 

24,365

Fund management fee, net (Note C)

 

37,706

 

37,389

 

60,990

 

107,063

General and administrative expenses

 

10,147

 

12,709

 

17,307

 

22,281

 

64,520

 

111,060

 

104,826

 

153,709

        

NET INCOME (LOSS)

$

(64,341)

$

(110,603)

$

(53,974)

$

640,931

        

Net income (loss) allocated to
assignees


$


(63,698)


$


(109,497)


$


(53,434)


$


634,522

        

Net income (loss) allocated to general
partner


$


(643)


$


(1,106)


$


(540)


$


6,409

        

Net income (loss) per BAC

$

(.02)

$

(.03)

$

(.01)

$

.14



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3032

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

127

$

363

$

2,930

$

1,143

Other income

 

1,243

 

1,243

 

11,000

 

1,800

 

1,370

 

1,606

 

13,930

 

2,943

        
        

Share of income from
Operating Partnerships (Note D)

 


265,984

 


-

 


1,677,252

 


48,900

        

Expenses

        

Professional fees

 

15,030

 

18,164

 

19,436

 

18,628

Fund management fee, net (Note C)

 

(19,291)

 

27,026

 

63,474

 

115,780

General and administrative expenses

 

8,649

 

9,758

 

21,626

 

22,959

 

4,388

 

54,948

 

104,536

 

157,367

        

NET INCOME (LOSS)

$

262,966

$

(53,342)

$

1,586,646

$

(105,524)

        

Net income (loss) allocated to
assignees


$


260,336


$


(52,809)


$


1,570,780


$


(104,469)

        

Net income (loss) allocated to general
partner


$


2,630


$


(533)


$


15,866


$


(1,055)

        

Net income (loss) per BAC

$

.10

$

(.02)

$

.33

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,
December 31,

(Unaudited)

Series 3133

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

2,411

$

1,432

$

511

$

1,258

Other income

 

1,116

 

590

 

5,329

 

1,800

 

3,527

 

2,022

 

5,840

 

3,058

        
        

Share of income from
Operating Partnerships (Note D)

 


45,000

 


-

 


67,454

 


-

        

Expenses

        

Professional fees

 

25,871

 

22,974

 

13,651

 

14,835

Fund management fee, net (Note C)

 

41,898

 

69,542

 

23,109

 

41,524

General and administrative expenses

 

10,108

 

12,579

 

13,345

 

15,875

 

77,877

 

105,095

 

50,105

 

72,234

        

NET INCOME (LOSS)

$

(29,350)

$

(103,073)

$

23,189

$

(69,176)

        

Net income (loss) allocated to
assignees


$


(29,057)


$


(102,042)


$


22,957


$


(68,484)

        

Net income (loss) allocated to general
partner


$


(293)


$


(1,031)


$


232


$


(692)

        

Net income (loss) per BAC

$

(.01)

$

(.02)

$

.01

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3234

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

    

Interest income

$

782

$

1,019

$

1,448

$

1,114

Other income

 

-

 

1,800

 

1,539

 

13,230

 

782

 

2,819

 

2,987

 

14,344

        
        

Share of income from
Operating Partnerships (Note D)

 


1,548,505

 


-

 


-

 


630,691

        

Expenses

        

Professional fees

 

18,778

 

17,146

 

17,291

 

18,698

Fund management fee, net (Note C)

 

46,240

 

72,700

 

32,897

 

29,061

General and administrative expenses

 

10,230

 

12,910

 

15,123

 

18,676

 

75,248

 

102,756

 

65,311

 

66,435

    

NET INCOME (LOSS)

$

1,474,039

$

(99,937)

$

(62,324)

$

578,600

        

Net income (loss) allocated to
assignees


$


1,459,299


$


(98,938)


$


(61,701)


$


572,814

        

Net income (loss) allocated to general
partner


$


14,740


$


(999)


$


(623)


$


5,786

        

Net income (loss) per BAC

$

.31

$

(.02)

$

(.02)

$

.16



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,

(Unaudited)

Series 33

  

2017

 

2016

Income

    

Interest income

$

179

$

1,101

Other income

 

-

 

1,800

  

179

 

2,901

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

12,993

 

13,945

Fund management fee, net (Note C) 

 

26,295

 

25,126

General and administrative expenses

 

8,454

 

9,562

  

47,742

 

48,633

     

NET INCOME (LOSS)

$

(47,563)

$

(45,732)

     

Net income (loss) allocated to 
assignees


$


(47,087)


$


(45,275)

     

Net income (loss) allocated to general
partner


$


(476)


$


(457)

     

Net income (loss) per BAC

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 34

  

2017

 

2016

Income

Interest income

$

803

$

799

Other income

 

1,539

 

13,230

  

2,342

 

14,029

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


242,500

     

Expenses

    

Professional fees

 

16,633

 

16,764

Fund management fee, net (Note C) 

 

20,532

 

16,469

General and administrative expenses

 

9,220

 

10,908

  

46,385

 

44,141

NET INCOME (LOSS)

$

(44,043)

$

212,388

     

Net income (loss) allocated to 
assignees


$


(43,603)


$


210,264

     

Net income (loss) allocated to general
partner


$


(440)


$


2,124

     

Net income (loss) per BAC

$

(.01)

$

.06



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,December 31,
(Unaudited)

Series 35

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

3,635

$

3,914

$

9,031

$

6,166

Other income

 

2,818

 

4,893

 

2,818

 

4,893

6,453

8,807

11,849

11,059

        
        

Share of income from
Operating Partnerships (Note D)

 


2,653,528

 


2,380,752

 


2,653,528

 


2,543,187

        

Expenses

Professional fees

 

15,974

 

16,880

 

16,632

 

18,070

Fund management fee, net (Note C)

 

32,503

 

11,999

 

39,956

 

33,179

General and administrative expenses

 

9,318

 

10,988

 

14,895

 

18,647

 

57,795

 

39,867

 

71,483

 

69,896

        

NET INCOME (LOSS)

$

2,602,186

$

2,349,692

$

2,593,894

$

2,484,350

        

Net income (loss) allocated to
assignees


$


2,576,164


$


2,326,195


$


2,567,955


$


2,459,507

        

Net income (loss) allocated to general
partner


$


26,022


$


23,497


$


25,939


$


24,843

        

Net income (loss) per BAC

$

.78

$

.71

$

.78

$

.75



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 36

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

3,300

$

1,877

$

5,764

$

3,772

Other income

 

3,968

 

6,425

 

3,968

 

6,425

 

7,268

 

8,302

 

9,732

 

10,197

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


2,503,252

 


-

 


2,503,252

        

Expenses

        

Professional fees

 

16,790

 

15,981

 

17,448

 

16,697

Fund management fee, net (Note C)

 

13,342

 

(10,582)

 

20,968

 

(2,956)

General and administrative expenses

 

8,235

 

8,764

 

12,507

 

14,229

 

38,367

 

14,163

 

50,923

 

27,970

        

NET INCOME (LOSS)

$

(31,099)

$

2,497,391

$

(41,191)

$

2,485,479

        

Net income (loss) allocated to
assignees


$


(30,788)


$


2,472,417


$


(40,779)


$


2,460,624

        

Net income (loss) allocated to general
partner


$


(311)


$


24,974


$


(412)


$


24,855

        

Net income (loss) per BAC

$

(.01)

$

1.18

$

(.02)

$

1.17



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 37

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

Interest income

$

3,225

$

854

$

4,368

$

2,228

Other income

 

16,657

 

4,811

 

16,657

 

4,811

 

19,882

 

5,665

 

21,025

 

7,039

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


1,934,639

 


140,415

 


1,934,639

        

Expenses

        

Professional fees

 

15,970

 

13,128

 

16,628

 

13,932

Fund management fee, net (Note C)

 

16,984

 

63,237

 

27,941

 

89,661

General and administrative expenses

 

8,249

 

9,038

 

12,567

 

15,031

 

41,203

 

85,403

 

57,136

 

118,624

        

NET INCOME (LOSS)

$

(21,321)

$

1,854,901

$

104,304

$

1,823,054

        

Net income (loss) allocated to
assignees


$


(21,108)


$


1,836,352


$


103,261


$


1,804,823

        

Net income (loss) allocated to general
partner


$


(213)


$


18,549


$


1,043


$


18,231

        

Net income (loss) per BAC

$

(.01)

$

.73

$

.04

$

.72



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 38

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

Interest income

$

3,346

$

313

$

6,938

$

571

Other income

 

10,546

 

47,791

 

17,566

 

66,141

 

13,892

 

48,104

 

24,504

 

66,712

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


-

 


1,795,010

        

Expenses

        

Professional fees

 

17,801

 

16,695

 

18,459

 

18,795

Fund management fee, net (Note C)

 

35,968

 

59,718

 

44,002

 

87,297

General and administrative expenses

 

8,561

 

9,343

 

13,369

 

15,656

 

62,330

 

85,756

 

75,830

 

121,748

        

NET INCOME (LOSS)

$

(48,438)

$

(37,652)

$

(51,326)

$

1,739,974

        

Net income (loss) allocated to
assignees


$


(47,954)


$


(37,275)


$


(50,813)


$


1,722,574

        

Net income (loss) allocated to general
partner


$


(484)


$


(377)


$


(513)


$


17,400

        

Net income (loss) per BAC

$

(.02)

$

(.01)

$

(.02)

$

.68



The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 39

 

  

2017

 

2016

Income

    

Interest income

$

870

$

378

Other income

 

386

 

1,210

  

1,256

 

1,588

     
     

Share of income from 
Operating Partnerships (Note D)

 


17,779

 


122,100

     

Expenses

    

Professional fees

 

19,295

 

17,935

Fund management fee, net (Note C) 

 

5,130

 

46,920

General and administrative expenses

 

42,679

 

13,893

  

67,104

 

78,748

     

NET INCOME (LOSS)

$

(48,069)

$

44,940

     

Net income (loss) allocated to 
assignees


$


(47,588)


$


44,491

     

Net income (loss) allocated to general
partner


$


(481)


$


449

     

Net income (loss) per BAC

$

(.02)

$

.02



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 40

  

2017

 

2016

Income

    

Interest income

$

923

$

276

Other income

5,172

-

  

6,095

 

276

     

Share of income from 
Operating Partnerships (Note D)

 


588,952

 


49,000

     

Expenses

    

Professional fees

 

22,111

 

21,422

Fund management fee, net (Note C) 

 

73,594

 

97,630

General and administrative expenses

 

13,758

 

16,028

  

109,463

 

135,080

     

NET INCOME (LOSS)

$

485,584

$

(85,804)

     

Net income (loss) allocated to 
assignees


$


480,728


$


(84,946)

     

Net income (loss) allocated to general
partner


$


4,856


$


(858)

     

Net income (loss) per BAC

$

.18

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,
(Unaudited)

Series 41

  

2017

 

2016

Income

    

Interest income

$

1,480

$

492

Other income

 

13,908

 

1,302

  

15,388

 

1,794

     
     

Share of income from 
Operating Partnerships (Note D)

 


782,887

 


-

     

Expenses

    

Professional fees

 

23,062

 

24,561

Fund management fee, net (Note C) 

 

141,487

 

153,988

General and administrative expenses

 

17,027

 

18,513

  

181,576

 

197,062

     

NET INCOME (LOSS)

$

616,699

$

(195,268)

     

Net income (loss) allocated to 
assignees


$


610,532


$


(193,315)

     

Net income (loss) allocated to general
partner


$


6,167


$


(1,953)

     

Net income (loss) per BAC

$

.21

$

(.07)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3942

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

694

$

275

$

6,138

$

3,496

Other income

 

386

 

660

 

15,960

 

472

 

1,080

 

935

 

22,098

 

3,968

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


122,100

 


262,279

 


-

    

Expenses

        

Professional fees

 

17,980

 

15,991

 

20,336

 

26,102

Fund management fee, net (Note C)

 

3,418

 

33,297

 

113,842

 

120,924

General and administrative expenses

 

8,185

 

8,585

 

14,961

 

17,565

 

29,583

 

57,873

 

149,139

 

164,591

        

NET INCOME (LOSS)

$

(28,503)

$

65,162

$

135,238

$

(160,623)

        

Net income (loss) allocated to
assignees


$


(28,218)


$


64,510


$


133,886


$


(159,017)

        

Net income (loss) allocated to general
partner


$


(285)


$


652


$


1,352


$


(1,606)

        

Net income (loss) per BAC

$

(.01)

$

.03

$

.05

$

(.06)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 4043

 

 

 

  

2017

 

2016

Income

    

Interest income

$

93

$

236

Other income

2,910

-

  

3,003

 

236

     

Share of income from 
Operating Partnerships (Note D)

 


588,952

 


49,000

     

Expenses

    

Professional fees

 

21,453

 

20,637

Fund management fee, net (Note C) 

 

58,475

 

64,051

General and administrative expenses

 

8,529

 

9,209

  

88,457

 

93,897

     

NET INCOME (LOSS)

$

503,498

$

(44,661)

     

Net income (loss) allocated to 
assignees


$


498,463


$


(44,214)

     

Net income (loss) allocated to general
partner


$


5,035


$


(447)

     

Net income (loss) per BAC

$

.19

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 41

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

409

$

356

$

5,156

$

3,623

Other income

 

11,143

 

1,302

 

40,981

 

1,759

 

11,552

 

1,658

 

46,137

 

5,382

        
        

Share of income from
Operating Partnerships (Note D)

 


719,829

 


-

 


225,500

 


-

        

Expenses

        

Professional fees

 

22,404

 

23,600

 

23,379

 

27,511

Fund management fee, net (Note C)

 

103,637

 

104,547

 

150,203

 

135,689

General and administrative expenses

 

9,206

 

10,143

 

17,057

 

20,940

 

135,247

 

138,290

 

190,639

 

184,140

        

NET INCOME (LOSS)

$

596,134

$

(136,632)

$

80,998

$

(178,758)

        

Net income (loss) allocated to
assignees


$


590,173


$


(135,266)


$


80,188


$


(176,970)

        

Net income (loss) allocated to general
partner


$


5,961


$


(1,366)


$


810


$


(1,788)

        

Net income (loss) per BAC

$

.20

$

(.05)

$

.02

$

(.05)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 4244

 

 

 

  

2017

 

2016

Income

    

Interest income

$

672

$

2,890

Other income

 

15,789

 

421

  

16,461

 

3,311

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

Expenses

    

Professional fees

 

19,678

 

25,232

Fund management fee, net (Note C) 

 

78,792

 

78,419

General and administrative expenses

 

8,888

 

10,008

  

107,358

 

113,659

     

NET INCOME (LOSS)

$

(90,897)

$

(110,348)

     

Net income (loss) allocated to 
assignees


$


(89,988)


$


(109,245)

     

Net income (loss) allocated to general
partner


$


(909)


$


(1,103)

     

Net income (loss) per BAC

$

(.03)

$

(.04)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,
(Unaudited)

Series 43

 

2017

 

2016

 

2017

 

2016

Income

    

Interest income

$

194

$

3,168

$

74

$

29

Other income

 

40,981

 

1,759

 

18,760

 

16,818

 

41,175

 

4,927

 

18,834

 

16,847

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


-

 


-

        

Expenses

        

Professional fees

 

22,721

 

26,474

 

24,884

 

15,786

Fund management fee, net (Note C)

 

95,956

 

81,996

 

146,356

 

180,251

General and administrative expenses

 

9,560

 

11,496

 

14,015

 

16,293

 

128,237

 

119,966

 

185,255

 

212,330

        

NET INCOME (LOSS)

$

(87,062)

$

(115,039)

$

(166,421)

$

(195,483)

        

Net income (loss) allocated to
assignees


$


(86,191)


$


(113,889)


$


(164,757)


$


(193,528)

        

Net income (loss) allocated to general
partner


$


(871)


$


(1,150)


$


(1,664)


$


(1,955)

        

Net income (loss) per BAC

$

(.02)

$

(.03)

$

(.06)

$

(.07)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,December 31,
(Unaudited)

Series 4445

 

 

 

 

2017

 

2016

 

2017

 

2016

Income

        

Interest income

$

13

$

24

$

1,752

$

938

Other income

 

11,864

 

14,630

 

27,833

 

32,262

 

11,877

 

14,654

 

29,585

 

33,200

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


-

 


-

        

Expenses

        

Professional fees

 

24,226

 

14,963

 

48,168

 

30,784

Fund management fee, net (Note C)

 

114,651

 

120,239

 

193,206

 

166,939

General and administrative expenses

 

8,637

 

9,537

 

19,978

 

23,743

 

147,514

 

144,739

 

261,352

 

221,466

        

NET INCOME (LOSS)

$

(135,637)

$

(130,085)

$

(231,767)

$

(188,266)

        

Net income (loss) allocated to
assignees


$


(134,281)


$


(128,784)


$


(229,449)


$


(186,383)

    

Net income (loss) allocated to general
partner


$


(1,356)


$


(1,301)


$


(2,318)


$


(1,883)

        

Net income (loss) per BAC

$

(.05)

$

(.05)

$

(.06)

$

(.05)



The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended September 30,
(Unaudited)

Series 45

  

2017

 

2016

Income

    

Interest income

$

899

$

667

Other income

 

27,833

 

31,874

  

28,732

 

32,541

     
     

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

     

Expenses

    

Professional fees

 

42,889

 

28,932

Fund management fee, net (Note C) 

 

124,852

 

108,920

General and administrative expenses

 

11,015

 

12,565

  

178,756

 

150,417

     

NET INCOME (LOSS)

$

(150,024)

$

(117,876)

     

Net income (loss) allocated to 
assignees


$


(148,524)


$


(116,697)

Net income (loss) allocated to general
partner


$


(1,500)


$


(1,179)

     

Net income (loss) per BAC

$

(.04)

$

(.03)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,December 31,
(Unaudited)

Series 46

 

 

 

2017

2016

2017

2016

Income

        

Interest income

$

549

$

251

$

1,273

$

350

Other income

 

17,380

 

29,999

 

33,728

 

29,999

 

17,929

 

30,250

 

35,001

 

30,349

        
        

Share of income from
Operating Partnerships (Note D)

 


-

 


-

 


10,994

 


393,183

        

Expenses

        

Professional fees

 

20,299

 

20,292

 

20,957

 

21,187

Fund management fee, net (Note C)

 

93,970

 

113,096

 

139,338

 

160,841

General and administrative expenses

 

9,154

 

10,505

 

15,645

 

18,623

 

123,423

 

143,893

 

175,940

 

200,651

        

NET INCOME (LOSS)

$

(105,494)

$

(113,643)

$

(129,945)

$

222,881

        

Net income (loss) allocated to
assignees


$


(104,439)


$


(112,507)


$


(128,646)


$


220,652

        

Net income (loss) allocated to general
partner


$


(1,055)


$


(1,136)


$


(1,299)


$


2,229

        

Net income (loss) per BAC

$

(.04)

$

(.04)

$

(.04)

$

.07



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2017
(Unaudited)

       


 


Assignees

 

General
Partner

 


Total

       

Partners' capital
(deficit)
  April 1, 2017



$



(6,338,126)



$



(7,177,685)



$



(13,515,811)

       

Net income (loss)

 

8,515,170

 

86,011

 

8,601,181

       

Partners' capital
(deficit),
  September 30, 2017



$



2,177,044



$



(7,091,674)



$



(4,914,630)

       


 


Assignees

 

General
Partner

 


Total

       

Partners' capital (deficit),
  April 1, 2017


$


(6,338,126)


$


(7,177,685)


$


(13,515,811)

       

Contributions

 

-

 

1,070,891

 

1,070,891

       

Distributions

 

(420,163)

 

-

 

(420,163)

       

Net income (loss)

 

8,929,822

 

90,201

 

9,020,023

       

Partners' capital (deficit),
  December 31, 2017


$


2,171,533


$


(6,016,593)


$


(3,845,060)


































The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Nine Months Ended December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 20

      

Partners' capital (deficit),
  April 1, 2017


$


(875,631)


$


(320,211)


$


(1,195,842)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(3,170)

 

(32)

 

(3,202)

       

Partners' capital deficit),
  December 31, 2017


$


(878,801)


$


(320,243)


$


(1,199,044)



 


Assignees

 

General
Partner

 


Total

Series 21

      

Partners' capital (deficit),
  April 1, 2017


$


(907,383)


$


(172,752)


$


(1,080,135)

       

Contributions

 

-

 

1,070,891

 

1,070,891

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

9,152

 

92

 

9,244

       

Partners' capital deficit),
  December 31, 2017


$


(898,231)


$


898,231


$


-



 


Assignees

 

General
Partner

 


Total

Series 22

      

Partners' capital (deficit),
  April 1, 2017


$


(2,351,781)


$


(245,052)


$


(2,596,833)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(47,824)

 

(483)

 

(48,307)

       

Partners' capital deficit),
  December 31, 2017


$


(2,399,605)


$


(245,535)


$


(2,645,140)


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 20

      

Partners' capital
(deficit)
  April 1, 2017



$



(875,631)



$



(320,211)



$



(1,195,842)

       

Net income (loss)

 

(32,235)

 

(326)

 

(32,561)

       

Partners' capital
(deficit),
  September 30, 2017



$



(907,866)



$



(320,537)



$



(1,228,403)


 


Assignees

 

General
Partner

 


Total

Series 23

      

Partners' capital (deficit),
  April 1, 2017


$


(1,131,355)


$


(299,152)


$


(1,430,507)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

941,940

 

9,515

 

951,455

       

Partners' capital (deficit),
  December 31, 2017


$


(189,415)


$


(289,637)


$


(479,052)



 


Assignees

 

General
Partner

 


Total

Series 21

      

Partners' capital
(deficit)
  April 1, 2017



$



(907,383)



$



(172,752)



$



(1,080,135)

       

Net income (loss)

 

(21,365)

 

(216)

 

(21,581)

       

Partners' capital
(deficit),
  September 30, 2017



$



(928,748)



$



(172,968)



$



(1,101,716)


 


Assignees

 

General
Partner

 


Total

Series 24

      

Partners' capital deficit),
  April 1, 2017


$


602,161


$


(174,980)


$


427,181

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(61,493)

 

(621)

 

(62,114)

       

Partners' capital deficit),
  December 31, 2017


$


540,668


$


(175,601)


$


365,067



 


Assignees

 

General
Partner

 


Total

Series 22

      

Partners' capital
(deficit)
  April 1, 2017



$



(2,351,781)



$



(245,052)



$



(2,596,833)

       

Net income (loss)

 

(34,713)

 

(351)

 

(35,064)

       

Partners' capital
(deficit),
  September 30, 2017



$



(2,386,494)



$



(245,403)



$



(2,631,897)


 


Assignees

 

General
Partner

 


Total

Series 25

      

Partners' capital deficit),
  April 1, 2017


$


565,870


$


(220,159)


$


345,711

       

Contributions

 

-

 

-

 

-

       

Distributions

 

(380,117)

 

-

 

(380,117)

       

Net income (loss)

 

34,062

 

344

 

34,406

       

Partners' capital deficit),
  December 31, 2017


$


219,815


$


(219,815)


$


-












The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 23

      

Partners' capital
(deficit)
  April 1, 2017



$



(1,131,355)



$



(299,152)



$



(1,430,507)

       

Net income (loss)

 

921,480

 

9,308

 

930,788

       

Partners' capital
(deficit),
  September 30, 2017



$



(209,875)



$



(289,844)



$



(499,719)


 


Assignees

 

General
Partner

 


Total

Series 26

      

Partners' capital deficit),
  April 1, 2017


$


989,245


$


(311,566)


$


677,679

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(14,601)

 

(147)

 

(14,748)

       

Partners' capital deficit),
  December 31, 2017


$


974,644


$


(311,713)


$


662,931



 


Assignees

 

General
Partner

 


Total

Series 24

      

Partners' capital
(deficit)
  April 1, 2017



$



602,161



$



(174,980)



$



427,181

       

Net income (loss)

 

(44,333)

 

(448)

 

(44,781)

       

Partners' capital
(deficit),
  September 30, 2017



$



557,828



$



(175,428)



$



382,400


 


Assignees

 

General
Partner

 


Total

Series 27

      

Partners' capital deficit),
  April 1, 2017


$


3,745,499


$


(170,699)


$


3,574,800

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

3,181,308

 

32,134

 

3,213,442

       

Partners' capital deficit),
  December 31, 2017


$


6,926,807


$


(138,565)


$


6,788,242



 


Assignees

 

General
Partner

 


Total

Series 25

      

Partners' capital
(deficit)
  April 1, 2017



$



565,870



$



(220,159)



$



345,711

       

Net income (loss)

 

75,035

 

758

 

75,793

       

Partners' capital
(deficit),
  September 30, 2017



$



640,905



$



(219,401)



$



421,504

 


Assignees

 

General
Partner

 


Total

Series 28

      

Partners' capital deficit),
  April 1, 2017


$


1,086,195


$


(273,712)


$


812,483

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(55,837)

 

(564)

 

(56,401)

       

Partners' capital deficit),
  December 31, 2017


$


1,030,358


$


(274,276)


$


756,082












The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 26

      

Partners' capital
(deficit)
  April 1, 2017



$



989,245



$



(311,566)



$



677,679

       

Net income (loss)

 

8,560

 

86

 

8,646

       

Partners' capital
(deficit),
  September 30, 2017



$



997,805



$



(311,480)



$



686,325


 


Assignees

 

General
Partner

 


Total

Series 29

      

Partners' capital deficit),
  April 1, 2017


$


(2,771,714)


$


(370,065)


$


(3,141,779)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(91,719)

 

(926)

 

(92,645)

       

Partners' capital deficit),
  December 31, 2017


$


(2,863,433)


$


(370,991)


$


(3,234,424)



 


Assignees

 

General
Partner

 


Total

Series 27

      

Partners' capital
(deficit)
  April 1, 2017



$



3,745,499



$



(170,699)



$



3,574,800

       

Net income (loss)

 

3,173,593

 

32,056

 

3,205,649

       

Partners' capital
(deficit),
  September 30, 2017



$



6,919,092



$



(138,643)



$



6,780,449


 


Assignees

 

General
Partner

 


Total

Series 30

      

Partners' capital deficit),
  April 1, 2017


$


(1,235,163)


$


(241,826)


$


(1,476,989)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

244,884

 

2,474

 

247,358

       

Partners' capital deficit),
  December 31, 2017


$


(990,279)


$


(239,352)


$


(1,229,631)


 


Assignees

 

General
Partner

 


Total

Series 28

      

Partners' capital
(deficit)
  April 1, 2017



$



1,086,195



$



(273,712)



$



812,483

       

Net income (loss)

 

(40,351)

 

(408)

 

(40,759)

       

Partners' capital
(deficit),
  September 30, 2017



$



1,045,844



$



(274,120)



$



771,724


 


Assignees

 

General
Partner

 


Total

Series 31

      

Partners' capital deficit),
  April 1, 2017


$


2,365,549


$


(359,195)


$


2,006,354

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(53,434)

 

(540)

 

(53,974)

       

Partners' capital deficit),
  December 31, 2017


$


2,312,115


$


(359,735)


$


1,952,380












The accompanying notes are an integral part of this condensed statement


Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 29

      

Partners' capital
(deficit)
  April 1, 2017



$



(2,771,714)



$



(370,065)



$



(3,141,779)

       

Net income (loss)

 

(63,698)

 

(643)

 

(64,341)

       

Partners' capital
(deficit),
  September 30, 2017



$



(2,835,412)



$



(370,708)



$



(3,206,120)


 


Assignees

 

General
Partner

 


Total

Series 32

      

Partners' capital deficit),
  April 1, 2017


$


(1,512,826)


$


(425,749)


$


(1,938,575)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

1,570,780

 

15,866

 

1,586,646

       

Partners' capital deficit),
  December 31, 2017


$


57,954


$


(409,883)


$


(351,929)



 


Assignees

 

General
Partner

 


Total

Series 30

      

Partners' capital
(deficit)
  April 1, 2017



$



(1,235,163)



$



(241,826)



$



(1,476,989)

       

Net income (loss)

 

260,336

 

2,630

 

262,966

       

Partners' capital
(deficit),
  September 30, 2017



$



(974,827)



$



(239,196)



$



(1,214,023)


 


Assignees

 

General
Partner

 


Total

Series 33

      

Partners' capital deficit),
  April 1, 2017


$


(687,215)


$


(235,002)


$


(922,217)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

22,957

 

232

 

23,189

       

Partners' capital deficit),
  December 31, 2017


$


(664,258)


$


(234,770)


$


(899,028)



 


Assignees

 

General
Partner

 


Total

Series 31

      

Partners' capital
(deficit)
  April 1, 2017



$



2,365,549



$



(359,195)



$



2,006,354

       

Net income (loss)

 

(29,057)

 

(293)

 

(29,350)

       

Partners' capital
(deficit),
  September 30, 2017



$



2,336,492



$



(359,488)



$



1,977,004


 


Assignees

 

General
Partner

 


Total

Series 34

      

Partners' capital deficit),
  April 1, 2017


$


(2,048,404)


$


(324,115)


$


(2,372,519)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(61,701)

 

(623)

 

(62,324)

       

Partners' capital deficit),
  December 31, 2017


$


(2,110,105)


$


(324,738)


$


(2,434,843)












The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 32

      

Partners' capital
(deficit)
  April 1, 2017



$



(1,512,826)



$



(425,749)



$



(1,938,575)

       

Net income (loss)

 

1,459,299

 

14,740

 

1,474,039

       

Partners' capital
(deficit),
  September 30, 2017



$



(53,527)



$



(411,009)



$



(464,536)



 


Assignees

 

General
Partner

 


Total

Series 33

      

Partners' capital
(deficit)
  April 1, 2017



$



(687,215)



$



(235,002)



$



(922,217)

       

Net income (loss)

 

(47,087)

 

(476)

 

(47,563)

       

Partners' capital
(deficit),
  September 30, 2017



$



(734,302)



$



(235,478)



$



(969,780)



 


Assignees

 

General
Partner

 


Total

Series 34

      

Partners' capital
(deficit)
  April 1, 2017



$



(2,048,404)



$



(324,115)



$



(2,372,519)

       

Net income (loss)

 

(43,603)

 

(440)

 

(44,043)

       

Partners' capital
(deficit),
  September 30, 2017



$



(2,092,007)



$



(324,555)



$



(2,416,562)












The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 35

      

Partners' capital
(deficit)
  April 1, 2017



$



2,104,402



$



(263,617)



$



1,840,785

       

Net income (loss)

 

2,576,164

 

26,022

 

2,602,186

       

Partners' capital
(deficit),
  September 30, 2017



$



4,680,566



$



(237,595)



$



4,442,971



 


Assignees

 

General
Partner

 


Total

Series 36

      

Partners' capital
(deficit)
  April 1, 2017



$



2,194,117



$



(158,305)



$



2,035,812

       

Net income (loss)

 

(30,788)

 

(311)

 

(31,099)

       

Partners' capital
(deficit),
  September 30, 2017



$



2,163,329



$



(158,616)



$



2,004,713



 


Assignees

 

General
Partner

 


Total

Series 37

      

Partners' capital
(deficit)
  April 1, 2017



$



130,312



$



(216,426)



$



(86,114)

       

Net income (loss)

 

(21,108)

 

(213)

 

(21,321)

       

Partners' capital
(deficit),
  September 30, 2017



$



109,204



$



(216,639)



$



(107,435)












The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Six Months Ended September 30, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 38

      

Partners' capital
(deficit)
  April 1, 2017



$



1,723,417



$



(203,081)



$



1,520,336

       

Net income (loss)

(47,954)

(484)

(48,438)

       

Partners' capital
(deficit),
  September 30, 2017



$



1,675,463



$



(203,565)



$



1,471,898



 


Assignees

 

General
Partner

 


Total

Series 39

      

Partners' capital
(deficit)
  April 1, 2017



$



283,677



$



(195,562)



$



88,115

       

Net income (loss)

(28,218)

(285)

(28,503)

       

Partners' capital
(deficit),
  September 30, 2017



$



255,459



$



(195,847)



$



59,612



 


Assignees

 

General
Partner

 


Total

Series 40

      

Partners' capital
(deficit)
  April 1, 2017



$



(2,186,540)



$



(249,302)



$



(2,435,842)

       

Net income (loss)

 

498,463

 

5,035

 

503,498

       

Partners' capital
(deficit),
  September 30, 2017



$



(1,688,077)



$



(244,267)



$



(1,932,344)











The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 41

      

Partners' capital
(deficit)
  April 1, 2017



$



(2,687,899)



$



(278,836)



$



(2,966,735)

       

Net income (loss)

 

590,173

 

5,961

 

596,134

       

Partners' capital
(deficit),
  September 30, 2017



$



(2,097,726)



$



(272,875)



$



(2,370,601)


 


Assignees

 

General
Partner

 


Total

Series 35

      

Partners' capital deficit),
  April 1, 2017


$


2,104,402


$


(263,617)


$


1,840,785

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

2,567,955

 

25,939

 

2,593,894

       

Partners' capital deficit),
  December 31, 2017


$


4,672,357


$


(237,678)


$


4,434,679



 


Assignees

 

General
Partner

 


Total

Series 42

      

Partners' capital
(deficit)
  April 1, 2017



$



1,303,097



$



(230,209)



$



1,072,888

       

Net income (loss)

 

(89,988)

 

(909)

 

(90,897)

       

Partners' capital
(deficit),
  September 30, 2017



$



1,213,109



$



(231,118)



$



981,991


 


Assignees

 

General
Partner

 


Total

Series 36

      

Partners' capital deficit),
  April 1, 2017


$


2,194,117


$


(158,305)


$


2,035,812

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(40,779)

 

(412)

 

(41,191)

       

Partners' capital deficit),
  December 31, 2017


$


2,153,338


$


(158,717)


$

 

1,994,621



 


Assignees

 

General
Partner

 


Total

Series 43

      

Partners' capital
(deficit)
  April 1, 2017



$



(111,017)



$



(325,890)



$



(436,907)

       

Net income (loss)

 

(86,191)

 

(871)

 

(87,062)

       

Partners' capital
(deficit),
  September 30, 2017



$



(197,208)



$



(326,761)



$



(523,969)


 


Assignees

 

General
Partner

 


Total

Series 37

      

Partners' capital deficit),
  April 1, 2017


$


130,312


$


(216,426)


$


(86,114)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

103,261

 

1,043

 

104,304

       

Partners' capital deficit),
  December 31, 2017


$


233,573


$


(215,383)


$


18,190





The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Nine Months Ended December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 38

      

Partners' capital deficit),
  April 1, 2017


$


1,723,417


$


(203,081)


$


1,520,336

       

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(50,813)

(513)

(51,326)

       

Partners' capital deficit),
  December 31, 2017


$


1,672,604


$


(203,594)


$


1,469,010



 


Assignees

 

General
Partner

 


Total

Series 39

      

Partners' capital deficit),
  April 1, 2017


$


283,677


$


(195,562)


$


88,115

       

Contributions

-

-

-

Distributions

(40,046)

-

(40,046)

Net income (loss)

(47,588)

(481)

(48,069)

       

Partners' capital deficit),
  December 31, 2017


$


196,043


$


(196,043)


$


-



 


Assignees

 

General
Partner

 


Total

Series 40

      

Partners' capital deficit),
  April 1, 2017


$


(2,186,540)


$


(249,302)


$


(2,435,842)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

480,728

 

4,856

 

485,584

       

Partners' capital deficit),
  December 31, 2017


$


(1,705,812)


$


(244,446)


$


(1,950,258)






The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 44

      

Partners' capital
(deficit)
  April 1, 2017



$



(2,255,686)



$



(262,631)



$



(2,518,317)

       

Net income (loss)

 

(134,281)

 

(1,356)

 

(135,637)

       

Partners' capital
(deficit),
  September 30, 2017



$



(2,389,967)



$



(263,987)



$



(2,653,954)


 


Assignees

 

General
Partner

 


Total

Series 41

      

Partners' capital deficit),
  April 1, 2017


$


(2,687,899)


$


(278,836)


$


(2,966,735)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

610,532

 

6,167

 

616,699

       

Partners' capital deficit),
  December 31, 2017


$


(2,077,367)


$


(272,669)


$


(2,350,036)



 


Assignees

 

General
Partner

 


Total

Series 45

      

Partners' capital
(deficit)
  April 1, 2017



$



(1,712,062)



$



(374,528)



$



(2,086,590)

       

Net income (loss)

(148,524)

(1,500)

(150,024)

       

Partners' capital
(deficit),
  September 30, 2017



$



(1,860,586)



$



(376,028)



$



(2,236,614)


 


Assignees

 

General
Partner

 


Total

Series 42

      

Partners' capital deficit),
  April 1, 2017


$


1,303,097


$


(230,209)


$


1,072,888

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

133,886

 

1,352

 

135,238

       

Partners' capital deficit),
  December 31, 2017


$


1,436,983


$


(228,857)


$


1,208,126



 


Assignees

 

General
Partner

 


Total

Series 46

      

Partners' capital
(deficit)
  April 1, 2017



$



(956,991)



$



(275,063)



$



(1,232,054)

       

Net income (loss)

 

(104,439)

 

(1,055)

 

(105,494)

       

Partners' capital
(deficit),
  September 30, 2017



$



(1,061,430)



$



(276,118)



$



(1,337,548)


 


Assignees

 

General
Partner

 


Total

Series 43

      

Partners' capital deficit),
  April 1, 2017


$


(111,017)


$


(325,890)


$


(436,907)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

80,188

 

810

 

80,998

       

Partners' capital deficit),
  December 31, 2017


$


(30,829)


$


(325,080)


$


(355,909)










The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Nine Months Ended December 31, 2017
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 44

      

Partners' capital deficit),
  April 1, 2017


$


(2,255,686)


$


(262,631)


$


(2,518,317)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(164,757)

 

(1,664)

 

(166,421)

       

Partners' capital deficit),
  December 31, 2017


$


(2,420,443)


$


(264,295)


$


(2,684,738)



 


Assignees

 

General
Partner

 


Total

Series 45

      

Partners' capital deficit),
  April 1, 2017


$


(1,712,062)


$


(374,528)


$


(2,086,590)

       

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

(229,449)

(2,318)

(231,767)

       

Partners' capital deficit),
  December 31, 2017


$


(1,941,511)


$


(376,846)


$


(2,318,357)



 


Assignees

 

General
Partner

 


Total

Series 46

      

Partners' capital deficit),
  April 1, 2017


$


(956,991)


$


(275,063)


$


(1,232,054)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(128,646)

 

(1,299)

 

(129,945)

       

Partners' capital deficit),
  December 31, 2017


$


(1,085,637)


$


(276,362)


$


(1,361,999)





The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

8,601,181

$

8,495,355

$

9,020,023

$

11,174,754

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


(10,250,429)

 


(10,413,293)

 


(11,305,952)

 


(13,992,959)

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


(16,847)

 


(13,985)

 


(46,259)

 


29,567

Decrease (Increase) in other
assets

 


(11,300)

 


-

 


1,285

 


-

(Decrease) Increase in accounts
payable affiliates

 


(4,585,437)

 


(7,802,053)

 


(6,979,847)

 


(7,429,230)

Net cash (used in) provided by
operating activities

 


(6,262,832)

 


(9,733,976)

 


(9,310,750)

 


(10,217,868)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


(19,011)

 


-

Proceeds from the disposition of Operating Partnerships

 


10,210,466

 


10,413,293

 


11,061,047

 


13,370,012

Net cash (used in) provided by
investing activities

 


10,210,466

 


10,413,293

 


11,042,036

 


13,370,012

Cash flows from financing activities:

Distributions

(420,163)

-

Net cash used in
financing activities


(420,163)


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


3,947,634

 


679,317

 


1,311,123

 


3,152,144

Cash and cash equivalents, beginning

 

27,209,997

 

21,728,069

 

27,209,997

 

21,728,069

Cash and cash equivalents, ending

$

31,157,631

$

22,407,386

$

28,521,120

$

24,880,213

 

Supplemental schedule of noncash

investing and financing activities:

 

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





1,070,891





$





-

 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




127,351




$




-


The accompanying notes are an integral part of this condensed statement


Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 20

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(3,202)

$

85,419

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships



(42,000)

 


(138,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


2,000

 


3,000

Decrease (Increase) in other
   assets



-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


16,607

 


19,308

Net cash (used in) provided by 
operating activities

 


(26,595)

 


(30,273)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


42,000

 


138,000

Net cash (used in) provided by
investing activities

 


42,000

 


138,000

Cash flows from financing activities:

Distributions

-

-

Net cash used in
financing activities


-


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


15,405

 


107,727

Cash and cash equivalents, beginning

 

271,060

 

180,896

Cash and cash equivalents, ending

$

286,465

$

288,623

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)







Series 21

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

9,244

$

(32,860)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships



(67,000)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets



-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(250,346)

 


(141,846)

Net cash (used in) provided by 
operating activities

 


(308,102)

 


(174,706)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


67,000

 


-

Net cash (used in) provided by
investing activities

 


67,000

 


-

Cash flows from financing activities:

Distributions

-

-

Net cash used in
financing activities


-


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(241,102)

 


(174,706)

Cash and cash equivalents, beginning

 

241,102

 

425,168

Cash and cash equivalents, ending

$

-

$

250,462

 

Supplemental schedule of noncash

investing and financing activities:

 

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





1,070,891





$





-

 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

 



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,
(Unaudited)

Series 20

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(32,561)

$

101,136

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships



-

 


(138,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


3,000

Decrease (Increase) in other
   assets



-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


11,071

 


13,773

Net cash (used in) provided by 
operating activities

 


(21,490)

 


(20,091)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


138,000

Net cash (used in) provided by
investing activities

 


-

 


138,000

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(21,490)

 


117,909

Cash and cash equivalents, beginning

 

271,060

 

180,896

Cash and cash equivalents, ending

$

249,570

$

298,805


The accompanying notes are an integral part of this condensed statement
















Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 21

  

2017

 

2016

Cash flows from operating activities:

Net income (loss)

$

(21,581)

$

(23,956)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


5,438

 


(144,564)

Net cash (used in) provided by 
operating activities

 


(16,143)

 


(168,520)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(16,143)

 


(168,520)

Cash and cash equivalents, beginning

 

241,102

 

425,168

Cash and cash equivalents, ending

$

224,959

$

256,648


The accompanying notes are an integral part of this condensed statement















Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,December 31,
(Unaudited)

Series 22

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

(35,064)

$

(39,152)

$

(48,307)

$

(54,497)

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


-

 


-

 


-

 


-

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


-

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


14,606

 


14,604

 


21,909

 


21,906

Net cash (used in) provided by
operating activities

 


(20,458)

 


(24,548)

 


(26,398)

 


(32,591)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


-

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

 


-

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(20,458)

 


(24,548)

 


(26,398)

 


(32,591)

Cash and cash equivalents, beginning

 

252,064

 

295,650

 

252,064

 

295,650

Cash and cash equivalents, ending

$

231,606

$

271,102

$

225,666

$

263,059

 


The accompanying notes are an integral part of this condensed statement















Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 23

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

930,788

$

(40,191)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships


(959,665)


(3,550)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


5,000

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(477,438)

 


18,822

Net cash (used in) provided by 
operating activities

 


(501,315)

 


(24,919)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


959,665

 


3,550

Net cash (used in) provided by
investing activities

 


959,665

 


3,550

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


458,350

 


(21,369)

Cash and cash equivalents, beginning

 

659,167

 

219,677

Cash and cash equivalents, ending

$

1,117,517

$

198,308

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement















Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 24

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(44,781)

$

(40,425)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities



(44,781)

 


(40,425)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(44,781)

 


(40,425)

Cash and cash equivalents, beginning

 

427,181

 

502,552

Cash and cash equivalents, ending

$

382,400

$

462,127


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 2523

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

75,793

$

(19,917)

$

951,455

$

(59,607)

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


(97,399)

 


-


(989,962)


(3,550)

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


6,912

 


688

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


-

 


(471,882)

 


28,092

Net cash (used in) provided by
operating activities

 


(14,694)

 


(19,229)

 


(510,389)

 


(35,065)

Cash flows from investing activities:

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


97,399

 


-

 


989,962

 


3,550

Net cash (used in) provided by
investing activities

 


97,399

 


-

 


989,962

 


3,550

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


82,705

 


(19,229)

 


479,573

 

 

(31,515)

Cash and cash equivalents, beginning

 

344,461

 

395,797

 

659,167

 

219,677

Cash and cash equivalents, ending

$

427,166

$

376,568

$

1,138,740

$

188,162

 


The accompanying notes are an integral part of this condensed statement













Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 26

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

8,646

$

(60,593)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(80,000)

 


(18,500)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


6,000

 


4,000

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


(65,354)

 


(75,093)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


80,000

 


18,500

Net cash (used in) provided by
investing activities

 


80,000

 


18,500

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


14,646

 


(56,593)

Cash and cash equivalents, beginning

 

677,679

 

809,362

Cash and cash equivalents, ending

$

692,325

$

752,769

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 2724

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

3,205,649

$

2,895,991

$

(62,114)

$

(59,447)

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


(3,291,567)

 


(3,016,000)

 


-

 


-

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


(31,673)

 


4,000

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


-

 


-

 


-

Net cash (used in) provided by
operating activities

 


(117,591)

 


(116,009)



(62,114)

 


(59,447)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


3,291,567

 


3,016,000

 


-

 


-

Net cash (used in) provided by
investing activities

 


3,291,567

 


3,016,000

 


-

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


3,173,976

 


2,899,991

 


(62,114)

 


(59,447)

Cash and cash equivalents, beginning

 

3,606,473

 

899,636

 

427,181

 

502,552

Cash and cash equivalents, ending

$

6,780,449

$

3,799,627

$

365,067

$

443,105

 


The accompanying notes are an integral part of this condensed statement












Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 28

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(40,759)

$

(38,449)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


(5,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(7,500)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


(40,759)

 


(50,949)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


5,000

Net cash (used in) provided by
investing activities

 


-

 


5,000

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(40,759)

 


(45,949)

Cash and cash equivalents, beginning

 

812,483

 

884,427

Cash and cash equivalents, ending

$

771,724

$

838,478

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement













Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 29

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(64,341)

$

(110,603)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


41,093

 


(112,407)

Net cash (used in) provided by 
operating activities

 


(23,248)

 


(223,010)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(23,248)

 


(223,010)

Cash and cash equivalents, beginning

 

345,648

 

618,758

Cash and cash equivalents, ending

$

322,400

$

395,748


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3025

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

34,406

$

(33,866)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(97,399)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


1,250

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


(61,743)

 


(33,866)

Cash flows from investing activities:

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


97,399

 


-

Net cash (used in) provided by
investing activities

 


97,399

 


-

Cash flows from financing activities:

    

Distributions

 

(380,117)

 

-

Net cash used in
financing activities

 


(380,117)

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(344,461)

 


(33,866)

Cash and cash equivalents, beginning

 

344,461

 

395,797

Cash and cash equivalents, ending

$

-

$

361,931

 

  

2017

 

2016

Cash flows from operating activities:

Net income (loss)

$

262,966

$

(53,342)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships


(265,984)


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


5,500

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


29,263

 


34,842

Net cash (used in) provided by 
operating activities

 


31,745

 


(18,500)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


226,021

 


-

Net cash (used in) provided by
investing activities

 


226,021

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


257,766

 


(18,500)

Cash and cash equivalents, beginning

 

270,126

 

304,293

Cash and cash equivalents, ending

$

527,892

$

285,793

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 26

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(14,748)

$

(89,163)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(80,000)

 


(18,500)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(960)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities


(94,748)


(108,623)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


80,000

 


18,500

Net cash (used in) provided by
investing activities

 


80,000

 


18,500

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(14,748)

 


(90,123)

Cash and cash equivalents, beginning

 

677,679

 

809,362

Cash and cash equivalents, ending

$

662,931

$

719,239

 

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3127

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

(29,350)

$

(103,073)

$

3,213,442

$

2,833,826

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


(45,000)

 


-

 


(3,291,567)

 


(3,016,000)

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


3,000

 


(3,000)

 


(31,673)

 


4,000

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


-

 


-

 


-

Net cash (used in) provided by
operating activities

 


(71,350)

 


(106,073)

 


(109,798)

 


(178,174)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


45,000

 


-

 


3,291,567

 


3,016,000

Net cash provided by
investing activities

 


45,000

 


-

Net cash (used in) provided by
investing activities

 


3,291,567

 


3,016,000

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(26,350)

 


(106,073)

 


3,181,769

 


2,837,826

Cash and cash equivalents, beginning

 

2,047,648

 

1,351,761

 

3,606,473

 

899,636

Cash and cash equivalents, ending

$

2,021,298

$

1,245,688

$

6,788,242

$

3,737,462

 

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3228

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

1,474,039

$

(99,937)

$

(56,401)

$

(42,087)

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


(1,548,505)

 


-

 


-

 


(5,000)

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


3,000

 


(7,000)

 


-

 


(7,500)

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


(531,317)

 


(670,630)

 


-

 


-

Net cash (used in) provided by
operating activities

 


(602,783)

 


(777,567)

 


(56,401)

 


(54,587)

Cash flows from investing activities:

      �� 

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


1,548,505

 


-

 


-

 


5,000

Net cash provided by
investing activities

 


1,548,505

 


-

Net cash (used in) provided by
investing activities

 


-

 


5,000

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


945,722

 


(777,567)

 


(56,401)

 


(49,587)

Cash and cash equivalents, beginning

 

837,185

 

1,061,685

 

812,483

 

884,427

Cash and cash equivalents, ending

$

1,782,907

$

284,118

$

756,082

$

834,840

 

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 29

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(92,645)

$

(138,179)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


61,640

 


(91,860)

Net cash (used in) provided by 
operating activities

 


(31,005)

 


(230,039)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

Cash flows from financing activities:

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(31,005)

 


(230,039)

Cash and cash equivalents, beginning

 

345,648

 

618,758

Cash and cash equivalents, ending

$

314,643

$

388,719

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3330

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(47,563)

$

(45,732)

$

247,358

$

(76,092)

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


-

 


-


(265,984)


-

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


-

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


32,795

 


(867,204)

 


41,872

 


52,263

Net cash (used in) provided by
operating activities

 


(14,768)

 


(912,936)

 


23,246

 


(23,829)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


-

 


226,021

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

 


226,021

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(14,768)

 


(912,936)

 


249,267

 


(23,829)

Cash and cash equivalents, beginning

 

337,765

 

1,266,455

 

270,126

 

304,293

Cash and cash equivalents, ending

$

322,997

$

353,519

$

519,393

$

280,464

 

The accompanying notes are an integral part of this condensed statement














Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 34

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(44,043)

$

212,388

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


(242,500)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(217,768)

 


(249,331)

Net cash (used in) provided by 
operating activities

 


(261,811)

 


(279,443)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


242,500

Net cash (used in) provided by
investing activities

 


-

 


242,500

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(261,811)

 


(36,943)

Cash and cash equivalents, beginning

 

849,078

 

674,173

Cash and cash equivalents, ending

$

587,267

$

637,230

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement













Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 35

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

2,602,186

$

2,349,692

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(2,653,528)

 


(2,380,752)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


3,000

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(551,982)

 


(1,408,645)

Net cash (used in) provided by 
operating activities

 


(600,324)

 


(1,439,705)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 

 


2,653,528

 


2,380,752

Net cash (used in) provided by
investing activities

 


2,653,528

 


2,380,752

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


2,053,204

 


941,047

Cash and cash equivalents, beginning

 

2,392,767

 

1,693,223

Cash and cash equivalents, ending

$

4,445,971

$

2,634,270


The accompanying notes are an integral part of this condensed statement













Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 36

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(31,099)

$

2,497,391

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


(2,503,252)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(2,500)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(767,505)

 


(540,283)

Net cash (used in) provided by 
operating activities

 


(798,604)

 


(548,644)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


2,503,252

Net cash (used in) provided by
investing activities

 


-

 


2,503,252

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(798,604)

 


1,954,608

Cash and cash equivalents, beginning

 

2,934,317

 

979,340

Cash and cash equivalents, ending

$

2,135,713

$

2,933,948


The accompanying notes are an integral part of this condensed statement














Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 37

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(21,321)

$

1,854,901

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


(1,934,639)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(934,637)

 


73,755

Net cash (used in) provided by 
operating activities

 


(955,958)

 


(5,983)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


1,934,639

Net cash (used in) provided by
investing activities

 


-

 


1,934,639

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(955,958)

 


1,928,656

Cash and cash equivalents, beginning

 

2,096,039

 

340,689

Cash and cash equivalents, ending

$

1,140,081

$

2,269,345


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3831

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

(48,438)

$

(37,652)

$

(53,974)

$

640,931

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


-

 


-

 


(45,000)

 


(791,947)

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


(6,543)

 


(4,779)

 


-

 


(3,000)

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


(795,425)

 


41,451

 


-

 


-

Net cash (used in) provided by
operating activities

 


(850,406)

 


(980)

 


(98,974)

 


(154,016)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


-

 


45,000

 


169,000

Net cash (used in) provided by
investing activities

 


-

 


-

Net cash provided by
investing activities

 


45,000

 


169,000

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(850,406)

 


(980)

 


(53,974)

 


14,984

Cash and cash equivalents, beginning

 

3,042,864

 

333,474

 

2,047,648

 

1,351,761

Cash and cash equivalents, ending

$

2,192,458

$

332,494

$

1,993,674

$

1,366,745

 

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)

Series 3932

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

(28,503)

$

65,162

$

1,586,646

$

(105,524)

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


-

 


(122,100)

 


(1,677,252)

 


(48,900)

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


(6,543)

 


4,106

 


(2,000)

 


(4,500)

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


(916,748)

 


(65,277)

 


(1,108,083)

 


(627,550)

Net cash (used in) provided by
operating activities

 


(951,794)

 


(118,109)

 


(1,200,689)

 


(786,474)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


122,100

 


1,677,252

 


48,900

Net cash (used in) provided by
investing activities

 


-

 


122,100

Net cash provided by
investing activities

 


1,677,252

 


48,900

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(951,794)

 


3,991

 


476,563

 


(737,574)

Cash and cash equivalents, beginning

 

1,248,898

 

313,691

 

837,185

 

1,061,685

Cash and cash equivalents, ending

$

297,104

$

317,682

$

1,313,748

$

324,111

 


The accompanying notes are an integral part of this condensed statement













Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 40

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

503,498

$

(44,661)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Share of (income) from 
   Operating Partnerships

 


(588,952)

 


(49,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(5,000)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


9,475

 


(214,396)

Net cash (used in) provided by 
operating activities

 


(75,979)

 


(313,057)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


588,952

 


49,000

-

-

Net cash (used in) provided by
investing activities

 


588,952

 


49,000

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


512,973

 


(264,057)

Cash and cash equivalents, beginning

 

248,318

 

510,705

Cash and cash equivalents, ending

$

761,291

$

246,648

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,
(Unaudited)

Series 41

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

596,134

$

(136,632)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(719,829)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


(4,500)

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


35,086

 


12,296

Net cash (used in) provided by 
operating activities

 


(93,109)

 


(124,336)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


719,829

 


-

Net cash (used in) provided by
investing activities

 


719,829

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


626,720

 


(124,336)

Cash and cash equivalents, beginning

 

322,902

 

331,029

Cash and cash equivalents, ending

$

949,622

$

206,693


The accompanying notes are an integral part of this condensed statement


Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,December 31,
(Unaudited)

Series 4233

 

 

2017

 

2016

 

2017

 

2016

Cash flows from operating activities:

        

Net income (loss)

$

(90,897)

$

(110,348)

$

23,189

$

(69,176)

Adjustments to reconcile net income
(loss) to net cash (used in) provided by operating activities

        

Share of (income) from
Operating Partnerships

 


-

 


-

 


(67,454)

 


-

Changes in assets and liabilities

        

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


-

 


-

 


-

Decrease (Increase) in other
assets

 


(11,300)

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


(2,055,300)

 


48,449

 


(850,806)

Net cash (used in) provided by
operating activities

 


(102,197)

 


(2,165,648)

 


4,184

 


(919,982)

Cash flows from investing activities:

        

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


-

 


950

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

 


950

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(102,197)

 


(2,165,648)

 


5,134

 


(919,982)

Cash and cash equivalents, beginning

 

1,072,528

 

3,412,757

 

337,765

 

1,266,455

Cash and cash equivalents, ending

$

970,331

$

1,247,109

$

342,899

$

346,473

 


The accompanying notes are an integral part of this condensed statement


Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 43

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(87,062)

$

(115,039)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


115,386

 


(2,087,484)

Net cash (used in) provided by 
operating activities

 


28,324

 


(2,202,523)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


28,324

 


(2,202,523)

Cash and cash equivalents, beginning

 

351,638

 

2,886,991

Cash and cash equivalents, ending

$

379,962

$

684,468

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

The accompanying notes are an integral part of this condensed statement













Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 44

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(135,637)

$

(130,085)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 

 

-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


122,513

 


129,620

Net cash (used in) provided by 
operating activities

 


(13,124)

 


(465)

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(13,124)

 


(465)

Cash and cash equivalents, beginning

 

66,324

 

44,503

Cash and cash equivalents, ending

$

53,200

$

44,038


The accompanying notes are an integral part of this condensed statement
















Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)


Series 45

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(150,024)

$

(117,876)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


86,059

 


149,541

Net cash (used in) provided by 
operating activities

 


(63,965)

 


31,665

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(63,965)

 


31,665

Cash and cash equivalents, beginning

 

803,153

 

748,100

Cash and cash equivalents, ending

$

739,188

$

779,765


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,December 31,
(Unaudited)



Series 4634

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(62,324)

$

578,600

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


(630,691)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


4,230

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(393,594)

 


(366,202)

Net cash (used in) provided by 
operating activities

 


(455,918)

 


(414,063)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


630,691

Net cash (used in) provided by
investing activities

 


-

 


630,691

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(455,918)

 


216,628

Cash and cash equivalents, beginning

 

849,078

 

674,173

Cash and cash equivalents, ending

$

393,160

$

890,801

 

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(105,494)

$

(113,643)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


104,598

 


124,764

Net cash (used in) provided by 
operating activities

 


(896)

 


11,121

Cash flows from investing activities:

    

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(896)

 


11,121

Cash and cash equivalents, beginning

 

651,129

 

243,277

Cash and cash equivalents, ending

$

650,233

$

254,398

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 35

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

2,593,894

$

2,484,350

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(2,653,528)

 


(2,543,187)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


1,770

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(551,982)

 


(1,386,580)

Net cash (used in) provided by 
operating activities

 


(611,616)

 


(1,443,647)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 

 


2,653,528

 


2,543,187

Net cash (used in) provided by
investing activities

 


2,653,528

 


2,543,187

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


2,041,912

 


1,099,540

Cash and cash equivalents, beginning

 

2,392,767

 

1,693,223

Cash and cash equivalents, ending

$

4,434,679

$

2,792,763

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 36

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(41,191)

$

2,485,479

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


(2,503,252)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(2,500)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(767,505)

 


(532,657)

Net cash (used in) provided by 
operating activities

 


(808,696)

 


(552,930)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


2,503,252

Net cash (used in) provided by
investing activities

 


-

 


2,503,252

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(808,696)

 


1,950,322

Cash and cash equivalents, beginning

 

2,934,317

 

979,340

Cash and cash equivalents, ending

$

2,125,621

$

2,929,662

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 37

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

104,304

$

1,823,054

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(140,415)

 


(1,934,639)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(1,538,773)

 


100,179

Net cash (used in) provided by 
operating activities

 


(1,574,884)

 


(11,406)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


1,977

 


1,934,639

Net cash (used in) provided by
investing activities

 


1,977

 


1,934,639

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(1,572,907)

 


1,923,233

Cash and cash equivalents, beginning

 

2,096,039

 

340,689

Cash and cash equivalents, ending

$

523,132

$

2,263,922

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 38

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(51,326)

$

1,739,974

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


(1,795,010)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


(6,543)

 


(4,779)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(1,515,985)

 


76,230

Net cash (used in) provided by 
operating activities

 


(1,573,854)

 


16,415

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


1,795,010

Net cash (used in) provided by
investing activities

 


-

 


1,795,010

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(1,573,854)

 


1,811,425

Cash and cash equivalents, beginning

 

3,042,864

 

333,474

Cash and cash equivalents, ending

$

1,469,010

$

2,144,899

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 39

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(48,069)

$

44,940

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(17,779)

 


(122,100)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


(6,543)

 


(4,894)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(1,154,240)

 


(51,654)

Net cash (used in) provided by 
operating activities

 


(1,226,631)

 


(133,708)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


17,779

 


122,100

Net cash (used in) provided by
investing activities

 


17,779

 


122,100

Cash flows from financing activities:

    

Distributions

 

(40,046)

 

-

Net cash used in
financing activities

 


(40,046)

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(1,248,898)

 


(11,608)

Cash and cash equivalents, beginning

 

1,248,898

 

313,691

Cash and cash equivalents, ending

$

-

$

302,083

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 40

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

485,584

$

(85,804)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

Share of (income) from 
   Operating Partnerships

 


(588,952)

 


(49,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


42,200

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(8,631)

 


(180,817)

Net cash (used in) provided by 
operating activities

 


(111,999)

 


(273,421)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


588,952

 


49,000

-

-

Net cash (used in) provided by
investing activities

 


588,952

 


49,000

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


476,953

 


(224,421)

Cash and cash equivalents, beginning

 

248,318

 

510,705

Cash and cash equivalents, ending

$

725,271

$

286,284

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 41

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

616,699

$

(195,268)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(782,887)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


(2,500)

 


-

Decrease (Increase) in other
   assets

 


1,218

 


-

(Decrease) Increase in accounts
   payable affiliates

 


84,650

 


68,444

Net cash (used in) provided by 
operating activities

 


(82,820)

 


(126,824)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


782,887

 


-

Net cash (used in) provided by
investing activities

 


782,887

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


700,067

 


(126,824)

Cash and cash equivalents, beginning

 

322,902

 

331,029

Cash and cash equivalents, ending

$

1,022,969

$

204,205

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 42

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

135,238

$

(160,623)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(262,279)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


1,000

 


-

Decrease (Increase) in other
   assets

 


(1,183)

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(2,141,040)

Net cash (used in) provided by 
operating activities

 


(127,224)

 


(2,301,663)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


(9,503)

 


-

Proceeds from the disposition of     Operating Partnerships

 


262,279

 


-

Net cash (used in) provided by
investing activities

 


252,776

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


125,552

 


(2,301,663)

Cash and cash equivalents, beginning

 

1,072,528

 

3,412,757

Cash and cash equivalents, ending

$

1,198,080

$

1,111,094

Supplemental schedule of noncash

investing and financing activities:

 

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

      
 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




63,676




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 43

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

80,998

$

(178,758)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(225,500)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


170,998

 


(2,029,791)

Net cash (used in) provided by 
operating activities

 


26,496

 


(2,208,549)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


(9,508)

 


-

Proceeds from the disposition of     Operating Partnerships

 


225,500

 


-

Net cash (used in) provided by
investing activities

 


215,992

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


242,488

 


(2,208,549)

Cash and cash equivalents, beginning

 

351,638

 

2,886,991

Cash and cash equivalents, ending

$

594,126

$

678,442

Supplemental schedule of noncash

investing and financing activities:

 

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

      
 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




63,675




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 44

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(166,421)

$

(195,483)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


184,956

 


192,398

Net cash (used in) provided by 
operating activities

 


18,535

 


(3,085)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

Cash flows from financing activities:

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


18,535

 


(3,085)

Cash and cash equivalents, beginning

 

66,324

 

44,503

Cash and cash equivalents, ending

$

84,859

$

41,418

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)


Series 45

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(231,767)

$

(188,266)

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


2,500

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


156,418

 


228,968

Net cash (used in) provided by 
operating activities

 


(75,349)

 


43,202

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(75,349)

 


43,202

Cash and cash equivalents, beginning

 

803,153

 

748,100

Cash and cash equivalents, ending

$

727,804

$

791,302

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)


Series 46

  

2017

 

2016

Cash flows from operating activities:

    

Net income (loss)

$

(129,945)

$

222,881

Adjustments to reconcile net income
(loss) to net cash (used in)   provided by operating activities

    

Share of (income) from 
   Operating Partnerships

 


(10,994)

 


(393,183)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(6,325)

 


183,785

Net cash (used in) provided by 
operating activities

 


(147,264)

 


13,483

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


10,994

 


393,183

Net cash (used in) provided by
investing activities

 


10,994

 


393,183

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(136,270)

 


406,666

Cash and cash equivalents, beginning

 

651,129

 

243,277

Cash and cash equivalents, ending

$

514,859

$

649,943

Supplemental schedule of noncash

investing and financing activities:

The general partner's equity balance was increased and accounts payable affiliates were reduced as a result of forgiveness of debt with an affiliate of the general partner.





$





-





$





-

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS
September 30,December 31, 2017
(Unaudited)

NOTE A - ORGANIZATION

Boston Capital Tax Credit Fund IV L.P. (the "Fund") was organized under the laws of the State of Delaware as of October 5, 1993, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships"). Effective as of June 1, 2001 there was a restructuring and, as a result, the Fund's general partner was reorganized as follows. The general partner of the Fund continues to be Boston Capital Associates IV L.P., a Delaware limited partnership. The general partner of the general partner of the Fund is BCA Associates Limited Partnership, a Massachusetts limited partnership, whose sole general partner is C&M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning. Mr. Manning is the principal of Boston Capital Partners, Inc. The limited partner of the general partner of the Fund is Capital Investment Holdings, a general partnership whose partners are various officers and employees of Boston Capital Partners, Inc. and its affiliates. The assignor limited partner is BCTC IV Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning.

Pursuant to the Securities Act of 1933, the Fund filed a Form S-11 Registration Statement with the Securities and Exchange Commission, effective December 16, 1993, which covered the offering (the "Public Offering") of the Fund's beneficial assignee certificates ("BACs") representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The Fund registered 30,000,000 BACs at $10 per BAC for sale to the public in one or more series. On April 18, 1996, an amendment to Form S-11 which registered an additional 10,000,000 BACs for sale to the public in one or more series became effective. On April 2, 1998, an amendment to Form S-11, which registered an additional 25,000,000 BACs for sale to the public in one or more series, became effective. On August 31, 1999, an amendment to Form S-11, which registered an additional 8,000,000 BACs for sale to the public in one or more series, became effective. On July 26, 2000, an amendment to Form S-11, which registered an additional 7,500,000 BACs for sale to the public in one or more series, became effective. On July 24, 2001, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public in one or more series, became effective. On July 24, 2002, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public, became effective. On July 1, 2003, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public, became effective.

 

Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing:

Series

Closing Date

BACs Sold

Equity Raised

Series 20

June 24, 1994

3,866,700

$38,667,000

Series 21

December 31, 1994

1,892,700

$18,927,000

Series 22

December 28, 1994

2,564,400

$25,644,000

Series 23

June 23, 1995

3,336,727

$33,366,000

Series 24

September 22, 1995

2,169,878

$21,697,000

Series 25

December 29, 1995

3,026,109

$30,248,000

Series 26

June 25, 1996

3,995,900

$39,959,000

Series 27

September 17, 1996

2,460,700

$24,607,000

Series 28

January 29, 1997

4,000,738

$39,999,000

 

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

NOTE A - ORGANIZATION (continued)

Series

Closing Date

BACs Sold

Equity Raised

Series 29

June 10, 1997

3,991,800

$39,918,000

Series 30

September 10, 1997

2,651,000

$26,490,750

Series 31

January 18, 1998

4,417,857

$44,057,750

Series 32

June 23, 1998

4,754,198

$47,431,000

Series 33

September 21, 1998

2,636,533

$26,362,000

Series 34

February 11, 1999

3,529,319

$35,273,000

Series 35

June 28, 1999

3,300,463

$33,004,630

Series 36

September 28, 1999

2,106,838

$21,068,375

Series 37

January 28, 2000

2,512,500

$25,125,000

Series 38

July 31, 2000

2,543,100

$25,431,000

Series 39

January 31, 2001

2,292,151

$22,921,000

Series 40

July 31, 2001

2,630,256

$26,269,256

Series 41

January 31, 2002

2,891,626

$28,916,260

Series 42

July 31, 2002

2,744,262

$27,442,620

Series 43

December 31, 2002

3,637,987

$36,379,870

Series 44

April 30, 2003

2,701,973

$27,019,730

Series 45

September 16, 2003

4,014,367

$40,143,670

Series 46

December 19, 2003

2,980,998

$29,809,980

 

The Fund concluded its public offering of BACs in the Fund on December 19, 2003.

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of September 30,December 31, 2017 and for the three and sixnine months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2017.

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS

The Fund has entered into several transactions with various affiliates of the general partner of the Fund, including Boston Capital Holdings Limited Partnership, Boston Capital Securities, Inc., and Boston Capital Asset Management Limited Partnership as follows:

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended September 30,December 31, 2017 and 2016, are as follows:

 

2017

2016

2017

2016

Series 20

$  5,536

$    5,535

$  5,536

$   5,535

Series 21

2,719

2,718

2,216

2,718

Series 22

7,303

7,302

7,303

7,302

Series 23

5,556

9,270

5,556

9,270

Series 24

12,588

12,588

12,588

12,588

Series 25

5,440

5,934

-

5,934

Series 26

22,545

23,269

15,609

22,545

Series 27

9,555

26,496

8,915

25,794

Series 28

8,844

8,844

8,844

8,844

Series 29

20,547

20,547

20,547

20,547

Series 30

12,609

17,421

12,609

17,421

Series 31

21,699

37,521

19,092

37,521

Series 32

26,370

43,080

23,234

43,080

Series 33

16,397

16,398

15,654

16,398

Series 34

12,366

18,352

12,365

16,707

Series 35

17,481

22,065

10,653

22,065

Series 36

7,626

7,626

7,626

7,626

Series 37

12,501

34,425

10,957

26,424

Series 38

18,234

36,936

18,234

34,779

Series 39

1,709

16,280

1,712

13,623

Series 40

28,709

34,610

26,594

33,579

Series 41

52,147

56,148

49,564

56,148

Series 42

42,870

42,870

40,788

42,870

Series 43

57,693

57,693

55,612

57,693

Series 44

57,825

59,769

57,825

57,825

Series 45

70,359

70,800

70,359

70,800

Series 46

52,299

   62,382

 52,299

 59,021

$609,527

$  756,879

$572,291

$734,657

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the sixnine months ended September 30,December 31, 2017 and 2016 are as follows:

2017

2016

2017

2016

Series 21

    $        -

$  150,000

    $  258,000

$  150,000

Series 23

488,550

-

488,550

-

Series 24

25,176

37,764

Series 25

11,374

11,868

11,374

17,802

Series 26

45,090

47,986

60,699

70,531

Series 27

24,523

64,854

33,438

90,648

Series 28

17,688

26,991

26,532

35,835

Series 29

-

153,500

-

153,500

Series 31

43,398

75,042

62,490

112,563

Series 32

584,057

756,790

1,184,057

756,790

Series 33

-

900,000

-

900,000

Series 34

242,500

291,000

430,691

291,000

Series 35

586,944

1,460,603

597,597

1,460,603

Series 36

782,757

571,611

790,383

571,611

Series 37

959,639

-

1,574,732

-

Series 38

831,893

32,421

1,570,687

32,421

Series 39

699,711

102,774

938,915

102,774

Series 40

49,000

287,722

93,700

287,722

Series 41

70,500

100,000

70,500

100,000

Series 42

85,740

2,141,040

126,528

2,269,650

Series 43

        -

2,202,870

-

 2,202,870

Series 46

  163,222

        -

$5,548,540

$9,402,248

$8,519,859

$9,644,084































Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At September 30,December 31, 2017 and 2016, the Fund has limited partnership interests in 191179 and 236219 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at September 30,December 31, 2017 and 2016 are as follows:

2017

2016

2017

2016

Series 20

3

2

3

Series 21

2

-

2

Series 22

3

3

Series 23

3

5

3

5

Series 24

6

6

Series 25

-

4

-

4

Series 26

9

13

9

13

Series 27

4

5

3

5

Series 28

5

5

Series 29

8

8

Series 30

6

8

6

8

Series 31

8

17

8

10

Series 32

6

10

6

8

Series 33

5

4

5

Series 34

4

5

4

Series 35

2

5

2

4

Series 36

3

3

Series 37

2

4

1

3

Series 38

4

8

4

6

Series 39

1

3

-

3

Series 40

9

12

9

11

Series 41

16

18

14

18

Series 42

15

13

15

Series 43

19

18

19

Series 44

7

7

Series 45

27

28

27

Series 46

 14

 15

 14

191

236

179

219

 




















Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - (continued)

 

Under the terms of the Fund's investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at September 30,December 31, 2017 and 2016, are as follows:

2017

2016

2017

2016

Series 29

$  8,235

$  8,235

Series 30

65,176

105,139

65,176

105,139

Series 31

66,294

66,294

Series 32

1,229

1,229

Series 33

69,154

2,650

69,154

Series 37

138,438

-

138,438

Series 40

102

102

Series 41

100

100

Series 42

73,433

254

73,433

Series 43

99,265

26,082

99,265

Series 45

 16,724

 16,724

$538,150

$578,113

$186,846

$578,113

 




































Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS - (continued)

 

During the sixnine months ended September 30,December 31, 2017 the Fund disposed of eighteenthirty Operating Partnerships. A summary of the dispositions by Series for September 30,December 31, 2017 is as follows:

 

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition *

 

Gain on Disposition

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition *

 

Gain on Disposition

Series 20

1

-

$

42,000

$

42,000

Series 21

2

-

67,000

67,000

Series 23

-

1

$

959,665

$

959,665

-

1

989,962

989,962

Series 25

4

 

-

 

97,399

 

97,399

4

 

-

 

97,399

 

97,399

Series 26

4

 

-

 

80,000

 

80,000

4

 

-

 

80,000

 

80,000

Series 27

-

 

1

 

3,291,567

 

3,291,567

1

 

1

 

3,291,567

 

3,291,567

Series 30

1

 

1

 

226,021

 

265,984

1

 

1

 

226,021

 

265,984

Series 31

2

 

-

 

45,000

 

45,000

2

 

-

 

45,000

 

45,000

Series 32

-

 

1

 

1,548,505

 

1,548,505

-

 

1

 

1,677,252

 

1,677,252

Series 33

1

 

-

 

950

 

67,454

Series 35

1

 

-

 

2,653,528

 

2,653,528

1

 

-

 

2,653,528

 

2,653,528

Series 37

1

 

-

 

1,977

 

140,415

Series 39

1

 

-

 

17,779

 

17,779

Series 40

1

 

-

 

588,952

 

588,952

1

 

-

 

588,952

 

588,952

Series 41

1

 

-

 

719,829

 

719,829

3

 

-

 

782,887

 

782,887

Series 42

2

 

-

 

262,279

 

262,279

Series 43

1

 

-

 

225,500

 

225,500

Series 46

-

 

-

 

10,994

 

10,994

Total

14

 

4

 

$

10,210,466

 

$

10,250,429

26

 

4

 

$

11,061,047

 

$

11,305,952

 

* Fund proceeds from disposition does not include $39,963, $66,504 and $138,438 which was due to a writeoff of capital contribution payable as of September 30,December 31, 2017, for Series 30.30, Series 33 and Series 37, respectively.

 

The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund's investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements.

 



















Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
June 30,December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

 

During the sixnine months ended September 30,December 31, 2016 the Fund disposed of twenty twothirty-nine Operating Partnerships. A summary of the dispositions by Series for September 30,December 31, 2016 is as follows:

 

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition

 

Gain on Disposition

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition *

 

Gain on Disposition

Series 20

-

1

$

138,000

$

138,000

-

1

$

138,000

$

138,000

Series 23

1

 

-

 

3,550

 

3,550

1

 

-

 

3,550

 

3,550

Series 26

1

 

-

 

18,500

 

18,500

1

 

-

 

18,500

 

18,500

Series 27

1

 

1

 

3,016,000

 

3,016,000

1

 

1

 

3,016,000

 

3,016,000

Series 28

1

 

-

 

5,000

 

5,000

1

 

-

 

5,000

 

5,000

Series 31

7

 

-

 

169,000

 

791,947

Series 32

2

 

-

 

48,900

 

48,900

Series 34

2

 

-

 

242,500

 

242,500

3

 

-

 

630,691

 

630,691

Series 35

-

 

1

 

2,380,752

 

2,380,752

1

 

1

 

2,543,187

 

2,543,187

Series 36

3

 

1

 

2,503,252

 

2,503,252

3

 

1

 

2,503,252

 

2,503,252

Series 37

2

 

-

 

1,934,639

 

1,934,639

3

 

-

 

1,934,639

 

1,934,639

Series 38

1

 

1

 

1,795,010

 

1,795,010

Series 39

4

 

-

 

122,100

 

122,100

4

 

-

 

122,100

 

122,100

Series 40

2

 

-

 

49,000

 

49,000

3

 

-

 

49,000

 

49,000

Series 44

-

 

1

 

-

 

-

-

 

1

 

-

 

-

Sereis 45

1

 

-

 

-

 

-

Series 46

-

 

1

 

393,183

 

393,183

Total

17

 

5

 

$

10,413,293

 

$

10,413,293

32

 

7

 

$

13,370,012

 

$

13,992,959

* Fund proceeds from disposition does not include $622,947 recorded as a receivable as of December 31, 2016, for Series 31.

The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund's investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements.

 

 
























Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

 

The Fund's fiscal year ends March 31st for each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership's quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the sixnine months ended JuneSeptember 30, 2017.

 

 

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

2017

2016

2017

2016

     

Revenues

Revenues

  

Revenues

  

Rental

$  26,987,297

$  36,065,499

Rental

$  39,192,976

$  51,924,209

Interest and other

     852,756

   1,352,575

Interest and other

   1,235,063

   2,034,484

  27,840,053

  37,418,074

  40,428,039

  53,958,693

     

Expenses

Expenses

  

Expenses

  

Interest

4,613,504

6,268,686

Interest

6,754,119

9,129,281

Depreciation and amortization

7,332,051

9,906,888

Depreciation and amortization

10,698,194

14,396,782

Operating expenses

  19,961,263

  26,167,804

Operating expenses

  28,924,546

  37,800,040

  31,906,818

  42,343,378

  46,376,859

  61,326,103

     

NET LOSS

NET LOSS

$ (4,066,765)

$ (4,925,304)

NET LOSS

$ (5,948,820)

$ (7,367,410)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (4,026,097)


$ (4,876,047)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (5,889,331)


$ (7,293,736)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$    (40,668)


$    (49,257)

Net loss allocated to other
Partners


$    (59,489)


$    (73,674)

 

* Amounts include $(4,026,097)$(5,889,331) and $(4,876,047)$(7,293,736) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 20

 

 

2017

2016

2017

2016

Revenues

Revenues

  

Revenues

  

Rental

$   266,942

$   334,521

Rental

$   352,045

$   467,857

Interest and other

    16,914

    17,848

Interest and other

    24,048

    25,198

   283,856

   352,369

   376,093

   493,055

     

Expenses

Expenses

  

Expenses

  

Interest

25,735

36,427

Interest

32,617

50,048

Depreciation and amortization

72,185

86,616

Depreciation and amortization

91,765

122,081

Operating expenses

   235,116

   256,689

Operating expenses

   315,661

   371,567

   333,036

   379,732

   440,043

   543,696

     

NET LOSS

NET LOSS

$  (49,180)

$  (27,363)

NET LOSS

$  (63,950)

$  (50,641)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (48,688)


$  (27,089)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (63,310)


$  (50,135)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$     (492)


$     (274)

Net loss allocated to other
Partners


$     (640)


$     (506)

 

* Amounts include $(48,688)$(63,310) and $(27,089)$(50,135) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 21

2017

2016

Revenues

Rental

$         -

$   379,750

Interest and other

         -

     2,462

         -

   382,212

Expenses

Interest

-

36,545

Depreciation and amortization

-

62,275

Operating expenses

         -

   284,189

         -

   383,009

NET LOSS

$         -

$     (797)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$         -


$     (789)

Net loss allocated to other
Partners


$         -


$       (8)

* Amounts include $- and $(789) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 22


 

2017

2016

Revenues

  
 

Rental

$   382,584

$   380,419

 

Interest and other

    13,663

   15,355

 

   396,247

   395,774

   

Expenses

  
 

Interest

34,025

38,301

 

Depreciation and amortization

103,504

84,013

 

Operating expenses

   311,606

   322,022

 

   449,135

   444,336

   

NET LOSS

$  (52,888)

$  (48,562)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (52,359)


$  (48,076)

   

Net loss allocated to other
Partners


$     (529)


$     (486)

* Amounts include $(52,359) and $(48,076) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 23


 

2017

2016

Revenues

  

Rental

$   316,873

$1,404,840

 

Interest and other

    15,894

    48,308

 

   332,767

 1,453,148

   

Expenses

  
 

Interest

18,061

114,138

 

Depreciation and amortization

67,348

468,885

 

Operating expenses

   263,411

1,146,498

 

   348,820

 1,729,521

   

NET LOSS

$  (16,053)

$ (276,373)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (15,892)


$ (273,608)

   

Net loss allocated to other
Partners


$     (161)


$   (2,765)

* Amounts include $(15,892) and $(273,608) for 2017 and 2016, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 24


 

2017

2016

Revenues

  
 

Rental

$   768,883

$   770,493

 

Interest and other

    15,362

    14,924

 

   784,245

   785,417

   

Expenses

  
 

Interest

67,689

68,965

 

Depreciation and amortization

211,044

205,010

 

Operating expenses

   620,298

   606,482

 

   899,031

   880,457

   

NET LOSS

$ (114,786)

$  (95,040)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (113,638)


$  (94,090)

   

Net loss allocated to other
Partners


$   (1,148)


$     (950)

* Amounts include $(113,638) and $(94,090) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 25


2017

2016

Revenues

Rental

$         -

$   644,357

Interest and other

         -

    20,795

         -

   665,152

Expenses

Interest

-

76,186

Depreciation and amortization

-

121,323

Operating expenses

         -

   494,613

         -

   692,122

NET LOSS

$         -

$  (26,970)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$         -


$  (26,700)

Net loss allocated to other
Partners


$         -


$     (270)

* Amounts include $- and $(26,700) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 2126


2017

2016

2017

2016

Revenues

Revenues

  

Revenues

  

Rental

$   246,778

$   254,448

Rental

$ 1,258,324

$ 1,680,959

Interest and other

     1,720

     1,593

Interest and other

    22,706

    37,896

   248,498

   256,041

 1,281,030

 1,718,855

     

Expenses

Expenses

  

Expenses

  

Interest

19,832

26,001

Interest

208,522

272,097

Depreciation and amortization

41,440

41,517

Depreciation and amortization

321,930

432,391

Operating expenses

   196,601

   189,063

Operating expenses

 1,099,558

 1,446,677

   257,873

   256,581

 1,630,010

 2,151,165

     

NET LOSS

NET LOSS

$   (9,375)

$     (540)

NET LOSS

$ (348,980)

$ (432,310)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$   (9,281)


$     (535)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (345,490)


$ (427,987)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$      (94)


$       (5)

Net loss allocated to other
Partners


$   (3,490)


$   (4,323)

 

* Amounts include $(9,281)$(345,490) and $(535)$(427,987) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 2227


2017

2016

2017

2016

Revenues

Revenues

  

Revenues

  

Rental

$   255,056

$   253,512

Rental

$   563,566

$ 2,048,745

Interest and other

     9,109

     9,919

Interest and other

     7,923

     9,002

   264,165

   263,431

   571,489

 2,057,747

     

Expenses

Expenses

  

Expenses

  

Interest

22,684

26,537

Interest

32,644

363,382

Depreciation and amortization

69,003

55,366

Depreciation and amortization

165,370

455,020

Operating expenses

   207,737

   215,687

Operating expenses

   457,051

  1,396,897

   299,424

   297,590

   655,065

 2,215,299

     

NET LOSS

NET LOSS

$  (35,259)

$  (34,159)

NET LOSS

$  (83,576)

$ (157,552)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (34,906)


$  (33,817)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (82,740)


$ (155,976)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$     (353)


$     (342)

Net loss allocated to other
Partners


$     (836)


$   (1,576)

 

* Amounts include $(34,906)$(82,740) and $(33,817)$(155,976) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 28


 

2017

2016

Revenues

  
 

Rental

$    751,710

$    736,324

 

Interest and other

     18,953

     14,925

 

    770,663

    751,249

   

Expenses

  
 

Interest

122,273

113,463

 

Depreciation and amortization

169,333

173,079

 

Operating expenses

    587,874

    655,453

 

    879,480

    941,995

   

NET LOSS

$  (108,817)

$  (190,746)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (107,729)


$  (188,839)

   

Net loss allocated to other
Partners


$    (1,088)


$    (1,907)

* Amounts include $(107,729) and $(188,839) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 29

 

2017

2016

Revenues

  
 

Rental

$  1,311,305

$  1,423,670

 

Interest and other

    126,151

    108,448

 

  1,437,456

  1,532,118

   

Expenses

  
 

Interest

295,053

307,632

 

Depreciation and amortization

371,636

367,084

 

Operating expenses

  1,166,408

  1,153,171

 

  1,833,097

  1,827,887

   

NET LOSS

$  (395,641)

$  (295,769)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (391,685)


$  (292,811)

   

Net loss allocated to other
Partners


$    (3,956)


$    (2,958)

* Amounts include $(391,685) and $(292,811) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 30


 

2017

2016

Revenues

  
 

Rental

$   772,562

$ 1,124,928

 

Interest and other

    18,959

    81,835

 

   791,521

 1,206,763

   

Expenses

  
 

Interest

70,220

132,921

 

Depreciation and amortization

217,874

303,986

 

Operating expenses

   606,608

   927,999

 

   894,702

 1,364,906

   

NET LOSS

$ (103,181)

$ (158,143)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (102,149)


$ (156,562)

   

Net loss allocated to other
Partners


$   (1,032)


$   (1,581)

* Amounts include $(102,149) and $(156,562) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 31


 

2017

2016

Revenues

  
 

Rental

$  1,132,079

$  2,384,452

 

Interest and other

     33,083

    188,273

 

  1,165,162

  2,572,725

   

Expenses

  
 

Interest

107,647

236,725

 

Depreciation and amortization

385,046

707,858

 

Operating expenses

  1,013,004

  1,911,268

 

  1,505,697

  2,855,851

   

NET LOSS

$  (340,535)

$  (283,126)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (337,130)


$  (280,295)

   

Net loss allocated to other
Partners


$    (3,405)


$    (2,831)

* Amounts include $(337,130) and $(280,295) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 32


 

2017

2016

Revenues

  
 

Rental

$  1,475,541

$  2,468,262

 

Interest and other

     35,824

    278,117

 

  1,511,365

  2,746,379

   

Expenses

  
 

Interest

240,025

388,448

Depreciation and amortization

455,816

779,977

 

Operating expenses

  1,192,506

  2,010,447

 

  1,888,347

  3,178,872

   

NET LOSS

$  (376,982)

$  (432,493)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (373,212)


$  (428,168)

   

Net loss allocated to other
Partners


$    (3,770)


$    (4,325)

* Amounts include $(373,212) and $(428,168) for 2017 and 2016, respectively,of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 33


 

2017

2016

Revenues

  
 

Rental

$ 1,040,194

$ 1,030,707

 

Interest and other

    36,781

    34,834

 

 1,076,975

 1,065,541

   

Expenses

  
 

Interest

179,339

173,255

 

Depreciation and amortization

260,563

284,822

 

Operating expenses

   784,939

   777,630

 

 1,224,841

 1,235,707

   

NET LOSS

$ (147,866)

$ (170,166)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (146,387)


$ (168,464)

   

Net loss allocated to other
Partners


$   (1,479)


$   (1,702)

* Amounts include $(146,387) and $(168,464) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 34


 

2017

2016

Revenues

  
 

Rental

$   728,809

$ 1,029,229

 

Interest and other

    26,259

    32,598

 

   755,068

 1,061,827

   

Expenses

  
 

Interest

78,197

156,982

 

Depreciation and amortization

206,720

283,865

 

Operating expenses

   565,852

   841,070

 

   850,769

 1,281,917

   

NET LOSS

$  (95,701)

$ (220,090)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (94,744)


$ (217,889)

   

Net loss allocated to other
Partners


$     (957)


$   (2,201)

* Amounts include $(94,744) and $(217,889) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 35


 

2017

2016

Revenues

  
 

Rental

$   829,380

$ 1,684,024

 

Interest and other

    22,600

    60,075

 

   851,980

 1,744,099

   

Expenses

  
 

Interest

138,051

329,373

 

Depreciation and amortization

254,427

602,766

 

Operating expenses

   482,739

 1,057,585

 

   875,217

 1,989,724

   

NET LOSS

$  (23,237)

$ (245,625)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (23,005)


$ (243,169)

   

Net loss allocated to other
Partners


$     (232)


$   (2,456)

* Amounts include $(23,005) and $(243,169) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 36


 

2017

2016

Revenues

  
 

Rental

$   483,137

$   473,966

 

Interest and other

    13,767

    13,853

 

   496,904

   487,819

   

Expenses

  
 

Interest

96,625

87,368

 

Depreciation and amortization

126,835

146,670

 

Operating expenses

   372,348

   367,176

 

   595,808

   601,214

   

NET LOSS

$  (98,904)

$ (113,395)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (97,915)


$ (112,261)

   

Net loss allocated to other
Partners


$     (989)


$   (1,134)

* Amounts include $(97,915) and $(112,261) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 23


37

 

2017

2016

Revenues

  
 

Rental

$   211,249

$   984,595

 

Interest and other

    10,596

    32,230

 

   221,845

 1,016,825

   

Expenses

  
 

Interest

12,041

89,603

 

Depreciation and amortization

44,899

307,885

 

Operating expenses

   175,607

   804,619

 

   232,547

 1,202,107

   

NET LOSS

$  (10,702)

$ (185,282)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (10,595)


$ (183,428)

   

Net loss allocated to other
Partners


$     (107)


$   (1,854)

 

2017

2016

Revenues

  
 

Rental

$   588,136

$ 1,824,071

 

Interest and other

    58,474

    93,131

 

   646,610

 1,917,202

   

Expenses

  
 

Interest

96,219

390,254

 

Depreciation and amortization

197,321

622,199

 

Operating expenses

   441,915

 1,368,577

 

   735,455

 2,381,030

   

NET LOSS

$  (88,845)

$ (463,828)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (87,957)


$ (459,190)

   

Net loss allocated to other
Partners


$     (888)


$   (4,638)

 

* Amounts include $(10,595)$(87,957) and $(183,428)$(459,190) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 38


 

2017

2016

Revenues

  
 

Rental

$ 1,331,140

$ 2,435,309

 

Interest and other

    16,255

    67,401

 

 1,347,395

 2,502,710

   

Expenses

  
 

Interest

185,342

430,695

 

Depreciation and amortization

279,470

583,791

 

Operating expenses

   960,761

 1,692,637

 

 1,425,573

 2,707,123

   

NET LOSS

$  (78,178)

$ (204,413)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (77,396)


$ (202,369)

   

Net loss allocated to other
Partners


$     (782)


$   (2,044)

* Amounts include $(77,396) and $(202,369) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 39


2017

2016

Revenues

Rental

$         -

$ 1,039,650

Interest and other

         -

    43,692

         -

 1,083,342

Expenses

Interest

-

214,492

Depreciation and amortization

-

243,036

Operating expenses

         -

   727,512

         -

 1,185,040

NET LOSS

$         -

$ (101,698)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$         -


$ (100,681)

Net loss allocated to other
Partners


$         -


$   (1,017)

* Amounts include $- and $(100,681) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Nine Months Ended September 30,
(Unaudited)

Series 40


 

2017

2016

Revenues

  
 

Rental

$ 1,677,092

$ 2,063,291

 

Interest and other

    37,872

    40,671

 

 1,714,964

 2,103,962

   

Expenses

  
 

Interest

342,476

431,037

 

Depreciation and amortization

493,185

610,754

 

Operating expenses

 1,380,725

 1,411,808

 

 2,216,386

 2,453,599

   

NET LOSS

$ (501,422)

$ (349,637)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (496,408)


$ (346,141)

   

Net loss allocated to other
Partners


$   (5,014)


$   (3,496)

* Amounts include $(496,408) and $(346,141) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.



















Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 24


41

 

2017

2016

Revenues

  
 

Rental

$   512,589

$   515,358

 

Interest and other

    10,241

     9,973

 

   522,830

   525,331

   

Expenses

  
 

Interest

45,126

46,052

 

Depreciation and amortization

140,696

136,278

 

Operating expenses

   413,532

   410,197

 

   599,354

   592,527

   

NET LOSS

$  (76,524)

$  (67,196)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (75,759)


$  (66,524)

   

Net loss allocated to other
Partners


$     (765)


$     (672)

 

 

2017

2016

Revenues

  
 

Rental

$ 3,731,606

$ 4,092,808

 

Interest and other

    78,700

   105,538

 

 3,810,306

 4,198,346

   

Expenses

  
 

Interest

774,931

835,787

 

Depreciation and amortization

893,311

1,017,190

 

Operating expenses

 2,606,559

 2,752,748

 

 4,274,801

 4,605,725

   

NET LOSS

$ (464,495)

$ (407,379)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (459,850)


$ (403,305)

   

Net loss allocated to other
Partners


$   (4,645)


$   (4,074)

* Amounts include $(75,759)$(459,850) and $(66,524)$(403,305) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 2542


2017

2016

Revenues

Rental

$         -

$   427,000

Interest and other

         -

    12,744

         -

   439,744

Expenses

Interest

-

55,151

Depreciation and amortization

-

78,604

Operating expenses

         -

   328,546

         -

   462,301

NET LOSS

$         -

$  (22,557)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$         -


$  (22,331)

Net loss allocated to other
Partners


$         -


$     (226)

 

2017

2016

Revenues

  
 

Rental

$ 2,581,674

$ 2,696,145

 

Interest and other

   103,563

   212,506

 

 2,685,237

 2,908,651

   

Expenses

  
 

Interest

560,478

575,368

 

Depreciation and amortization

801,778

844,726

 

Operating expenses

 1,918,744

 2,089,988

 

 3,281,000

 3,510,082

   

NET LOSS

$ (595,763)

$ (601,431)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (589,805)


$ (595,417)

   

Net loss allocated to other
Partners


$   (5,958)


$   (6,014)

 

* Amounts include $-$(589,805) and $(22,331)$(595,417) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 2643


2017

2016

2017

2016

Revenues

Revenues

  

Revenues

  

Rental

$   900,779

$ 1,133,662

Rental

$ 3,823,594

$ 3,876,925

Interest and other

    18,548

    24,802

Interest and other

   186,172

   164,754

   919,327

 1,158,464

 4,009,766

 4,041,679

     

Expenses

Expenses

  

Expenses

  

Interest

142,592

181,864

Interest

586,218

585,992

Depreciation and amortization

232,520

288,199

Depreciation and amortization

1,263,725

1,312,092

Operating expenses

   780,980

 1,002,380

Operating expenses

 2,952,130

 2,959,326

 1,156,092

 1,472,443

 4,802,073

 4,857,410

     

NET LOSS

NET LOSS

$ (236,765)

$ (313,979)

NET LOSS

$ (792,307)

$ (815,731)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (234,397)


$ (310,839)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (784,384)


$ (807,574)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$   (2,368)


$   (3,140)

Net loss allocated to other
Partners


$   (7,923)


$   (8,157)

 

* Amounts include $(234,397)$(784,384) and $(310,839) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 27


 

2017

2016

Revenues

  
 

Rental

$   402,299

$ 1,380,003

 

Interest and other

     5,622

     6,276

 

   407,921

 1,386,279

   

Expenses

  
 

Interest

23,507

239,810

 

Depreciation and amortization

120,642

309,373

 

Operating expenses

   329,597

   944,846

 

   473,746

 1,494,029

   

NET LOSS

$  (65,825)

$ (107,750)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (65,167)


$ (106,672)

   

Net loss allocated to other
Partners


$     (658)


$   (1,078)

* Amounts include $(65,167) and $(106,672) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 28


 

2017

2016

Revenues

  
 

Rental

$    501,140

$    500,121

 

Interest and other

     12,635

      9,336

 

    513,775

    509,457

   

Expenses

  
 

Interest

81,516

71,995

 

Depreciation and amortization

112,889

115,386

 

Operating expenses

    391,916

    433,166

 

    586,321

    620,547

   

NET LOSS

$   (72,546)

$  (111,090)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$   (71,821)


$  (109,979)

   

Net loss allocated to other
Partners


$      (725)


$    (1,111)

* Amounts include $(71,821) and $(109,979) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 29

 

2017

2016

Revenues

  
 

Rental

$    874,203

$    962,895

 

Interest and other

     84,101

     63,597

 

    958,304

  1,026,492

   

Expenses

  
 

Interest

196,702

199,552

 

Depreciation and amortization

247,758

244,583

 

Operating expenses

    777,606

    770,811

 

  1,222,066

  1,214,946

   

NET LOSS

$  (263,762)

$  (188,454)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (261,124)


$  (186,569)

   

Net loss allocated to other
Partners


$    (2,638)


$    (1,885)

* Amounts include $(261,124) and $(186,569) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 30


 

2017

2016

Revenues

  
 

Rental

$   515,042

$   751,561

 

Interest and other

    12,640

    45,948

 

   527,682

   797,509

   

Expenses

  
 

Interest

46,813

91,581

 

Depreciation and amortization

145,249

202,659

 

Operating expenses

   404,406

   610,909

 

   596,468

   905,149

   

NET LOSS

$  (68,786)

$ (107,640)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (68,098)


$ (106,564)

   

Net loss allocated to other
Partners


$     (688)


$   (1,076)

* Amounts include $(68,098) and $(106,564) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 31


 

2017

2016

Revenues

  
 

Rental

$    779,319

$  1,940,685

 

Interest and other

      22,666

    174,470

 

    801,985

  2,115,155

   

Expenses

  
 

Interest

74,857

196,780

 

Depreciation and amortization

264,177

567,427

 

Operating expenses

    695,785

  1,541,743

 

  1,034,819

  2,305,950

   

NET LOSS

$  (232,834)

$  (190,795)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (230,506)


$  (188,887)

   

Net loss allocated to other
Partners


$    (2,328)


$    (1,908)

* Amounts include $(230,506) and $(188,887) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 32


 

2017

2016

Revenues

  
 

Rental

$  1,022,002

$  1,722,521

 

Interest and other

     26,860

    159,181

 

  1,048,862

  1,881,702

   

Expenses

  
 

Interest

164,515

268,103

Depreciation and amortization

311,842

537,645

 

Operating expenses

    816,689

  1,427,978

 

  1,293,046

  2,233,726

   

NET LOSS

$  (244,184)

$  (352,024)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (241,742)


$  (348,504)

   

Net loss allocated to other
Partners


$    (2,442)


$    (3,520)

* Amounts include $(241,742) and $(348,504) for 2017 and 2016, respectively,of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 33


 

2017

2016

Revenues

  
 

Rental

$   704,712

$   687,842

 

Interest and other

    25,494

    21,964

 

   730,206

   709,806

   

Expenses

  
 

Interest

119,565

112,698

 

Depreciation and amortization

179,293

192,599

 

Operating expenses

   538,916

   518,800

 

   837,774

   824,097

   

NET LOSS

$ (107,568)

$ (114,291)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (106,492)


$ (113,148)

   

Net loss allocated to other
Partners


$   (1,076)


$   (1,143)

* Amounts include $(106,492) and $(113,148) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 34


 

2017

2016

Revenues

  
 

Rental

$   485,873

$   792,078

 

Interest and other

    17,506

    25,072

 

   503,379

   817,150

   

Expenses

  
 

Interest

52,131

121,301

 

Depreciation and amortization

137,814

214,454

 

Operating expenses

   377,235

   618,888

 

   567,180

   954,643

   

NET LOSS

$  (63,801)

$ (137,493)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (63,163)


$ (136,118)

   

Net loss allocated to other
Partners


$     (638)


$   (1,375)

* Amounts include $(63,163) and $(136,118) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 35


 

2017

2016

Revenues

  
 

Rental

$   571,313

$ 1,175,230

 

Interest and other

    16,103

    38,304

 

   587,416

 1,213,534

   

Expenses

  
 

Interest

94,832

224,588

 

Depreciation and amortization

173,454

412,269

 

Operating expenses

   334,048

   732,303

 

   602,334

 1,369,160

   

NET LOSS

$  (14,918)

$ (155,626)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (14,769)


$ (154,070)

   

Net loss allocated to other
Partners


$     (149)


$   (1,556)

* Amounts include $(14,769) and $(154,070) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 36


 

2017

2016

Revenues

  
 

Rental

$   322,092

$   317,822

 

Interest and other

     9,178

     8,517

 

   331,270

   326,339

   

Expenses

  
 

Interest

64,417

57,271

 

Depreciation and amortization

84,557

97,781

 

Operating expenses

   248,232

   243,903

 

   397,206

   398,955

   

NET LOSS

$  (65,936)

$  (72,616)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (65,277)


$  (71,890)

   

Net loss allocated to other
Partners


$     (659)


$     (726)

* Amounts include $(65,277) and $(71,890)$(807,574) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 3744


2017

2016

2017

2016

Revenues

Revenues

  

Revenues

  

Rental

$   407,915

$ 1,452,093

Rental

$  4,397,610

$  4,391,077

Interest and other

    40,351

    58,318

Interest and other

    136,412

    120,037

   448,266

 1,510,411

  4,534,022

  4,511,114

     

Expenses

Expenses

  

Expenses

  

Interest

64,154

306,076

Interest

 1,051,820

1,077,199

Depreciation and amortization

139,403

459,576

Depreciation and amortization

1,025,862

1,079,209

Operating expenses

   316,589

 1,053,614

Operating expenses

  2,635,539

  2,519,646

   520,146

 1,819,266

  4,713,221

  4,676,054

  

NET LOSS

NET LOSS

$  (71,880)

$ (308,855)

NET LOSS

$  (179,199)

$  (164,940)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (71,161)


$ (305,766)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (177,407)


$  (163,291)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$     (719)


$   (3,089)

Net loss allocated to other
Partners


$    (1,792)


$    (1,649)

 

* Amounts include $(71,161)$(177,407) and $(305,766) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 38


 

2017

2016

Revenues

  
 

Rental

$   887,427

$ 1,756,776

 

Interest and other

    10,837

    45,784

 

   898,264

 1,802,560

   

Expenses

  
 

Interest

123,561

304,848

 

Depreciation and amortization

186,314

420,171

 

Operating expenses

   640,508

 1,187,985

 

   950,383

 1,913,004

   

NET LOSS

$  (52,119)

$ (110,444)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (51,598)


$ (109,340)

   

Net loss allocated to other
Partners


$     (521)


$   (1,104)

* Amounts include $(51,598) and $(109,340) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 39


 

2017

2016

Revenues

  
 

Rental

$    84,216

$   746,462

 

Interest and other

         -

    28,669

 

    84,216

   775,131

   

Expenses

  
 

Interest

3,119

148,585

 

Depreciation and amortization

14,546

172,026

 

Operating expenses

    73,250

   534,006

 

    90,915

   854,617

   

NET LOSS

$   (6,699)

$  (79,486)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$   (6,632)


$  (78,691)

   

Net loss allocated to other
Partners


$      (67)


$     (795)

* Amounts include $(6,632) and $(78,691) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 40


 

2017

2016

Revenues

  
 

Rental

$ 1,149,937

$ 1,448,000

 

Interest and other

    26,095

    29,090

 

 1,176,032

 1,477,090

   

Expenses

  
 

Interest

238,819

290,153

 

Depreciation and amortization

335,439

434,196

 

Operating expenses

   935,512

 1,003,602

 

 1,509,770

 1,727,951

   

NET LOSS

$ (333,738)

$ (250,861)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (330,401)


$ (248,352)

   

Net loss allocated to other
Partners


$   (3,337)


$   (2,509)

* Amounts include $(330,401) and $(248,352) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.




















Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 41

 

2017

2016

Revenues

  
 

Rental

$ 2,581,490

$ 2,720,284

 

Interest and other

    53,502

    73,131

 

 2,634,992

 2,793,415

   

Expenses

  
 

Interest

531,094

547,115

 

Depreciation and amortization

613,670

678,310

 

Operating expenses

 1,808,103

 1,828,142

 

 2,952,867

 3,053,567

   

NET LOSS

$ (317,875)

$ (260,152)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (314,696)


$ (257,550)

   

Net loss allocated to other
Partners


$   (3,179)


$   (2,602)

* Amounts include $(314,696) and $(257,550)$(163,291) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended JuneSeptember 30,
(Unaudited)

Series 4245


2017

2016

2017

2016

Revenues

Revenues

  

Revenues

  

Rental

$ 1,823,744

$ 1,799,442

Rental

$  5,430,265

$  5,379,892

Interest and other

    76,131

   129,594

Interest and other

    110,355

    106,730

 1,899,875

 1,929,036

  5,540,620

  5,486,622

     

Expenses

Expenses

  

Expenses

  

Interest

395,600

380,976

Interest

727,734

766,156

Depreciation and amortization

560,944

558,935

Depreciation and amortization

1,476,660

1,506,167

Operating expenses

 1,360,604

 1,364,820

Operating expenses

  3,931,531

  3,831,853

 2,317,148

 2,304,731

  6,135,925

  6,104,176

     

NET LOSS

NET LOSS

$ (417,273)

$ (375,695)

NET LOSS

$  (595,305)

$  (617,554)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (413,100)


$ (371,938)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (589,352)


$  (611,378)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$   (4,173)


$   (3,757)

Net loss allocated to other
Partners


$    (5,953)


$    (6,176)

 

* Amounts include $(413,100)$(589,352) and $(371,938)$(611,378) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
SixNine Months Ended June 30,
(Unaudited)

Series 43


 

2017

2016

Revenues

  
 

Rental

$ 2,619,352

$ 2,590,713

 

Interest and other

   131,204

   109,734

 

 2,750,556

 2,700,447

   

Expenses

  
 

Interest

411,981

382,972

 

Depreciation and amortization

863,189

875,902

 

Operating expenses

 2,020,128

 1,963,968

 

 3,295,298

 3,222,842

   

NET LOSS

$ (544,742)

$ (522,395)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (539,295)


$ (517,171)

   

Net loss allocated to other
Partners


$   (5,447)


$   (5,224)

* Amounts include $(539,295) and $(517,171) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 44


 

2017

2016

Revenues

  
 

Rental

$  2,931,740

$  2,977,712

 

Interest and other

     90,941

     77,859

 

  3,022,681

  3,055,571

   

Expenses

  
 

Interest

 701,213

722,083

 

Depreciation and amortization

683,908

727,408

 

Operating expenses

  1,757,026

  1,702,100

 

  3,142,147

  3,151,591

NET LOSS

$  (119,466)

$   (96,020)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (118,271)


$   (95,060)

   

Net loss allocated to other
Partners


$    (1,195)


$      (960)

* Amounts include $(118,271) and $(95,060) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

Series 45


 

2017

2016

Revenues

  
 

Rental

$  3,620,177

$  3,583,687

 

Interest and other

     73,570

     68,543

 

  3,693,747

  3,652,230

   

Expenses

  
 

Interest

485,156

513,990

 

Depreciation and amortization

984,440

1,005,493

 

Operating expenses

  2,621,021

  2,559,633

 

  4,090,617

  4,079,116

   

NET LOSS

$  (396,870)

$  (426,886)

   

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$  (392,901)


$  (422,617)

   

Net loss allocated to other
Partners


$    (3,969)


$    (4,269)

* Amounts include $(392,901) and $(422,617) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2017
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS
Six Months Ended June 30,
(Unaudited)

 

Series 46


2017

2016

2017

2016

Revenues

Revenues

  

Revenues

  

Rental

$ 2,309,911

$ 2,856,476

Rental

$ 3,464,867

$ 3,992,059

Interest and other

    50,192

    70,079

Interest and other

    75,287

    93,126

 2,360,103

 2,926,555

 3,540,154

 4,085,185

     

Expenses

Expenses

  

Expenses

  

Interest

471,942

626,574

Interest

707,913

876,472

Depreciation and amortization

571,780

686,230

Depreciation and amortization

857,671

976,513

Operating expenses

 1,504,519

 1,919,406

Operating expenses

 2,256,779

 2,675,201

 2,548,241

 3,232,210

 3,822,363

 4,528,186

     

NET LOSS

NET LOSS

$ (188,138)

$ (305,655)

NET LOSS

$ (282,209)

$ (443,001)

     

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (186,257)


$ (302,598)

Net loss allocated to Boston Capital Tax Credit Fund IV L.P.*


$ (279,387)


$ (438,571)

     

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$   (1,881)


$   (3,057)

Net loss allocated to other
Partners


$   (2,822)


$   (4,430)

 

 

* Amounts include $(186,257)$(279,387) and $(302,598)$(438,571) for 2017 and 2016, respectively, of net loss not recognized under the equity method of accounting.

 

The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

 

 

 

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2017
(Unaudited)

NOTE E - TAXABLE LOSS

The Fund's taxable loss for calendar year ended December 31, 2017 is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods.

 

NOTE F - INCOME TAXES

 

The Fund has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Fund's federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Fund is not required to take any tax positions in order to qualify as a pass-through entity. The Fund is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Fund has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Fund are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open.

 

NOTE G - SUBSEQUENT EVENTS

 

Events that occur afterSubsequent to December 31, 2017, the balance sheet date but beforeFund has entered into an agreement to transfer the financial statements were availableinterest in three operating limited partnerships. The estimated transfer price and other terms for the dispositions of the operating limited partnerships have been determined. The estimated proceeds to be issued mustreceived for the operating limited partnership is $755,204. The estimated gain on the transfer of the operating limited partnership is $750,204and is expected to be evaluated for recognition or disclosure.  The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes.  Management evaluated the activityfourth quarter of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements.fiscal year ending March 31, 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Item 2. Management's Discussions and Analysis of Financial Condition and
Results of Operations

 

This Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements including our intentions, hopes, beliefs, expectations, strategies and predictions of our future activities, or other future events or conditions. These statements are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created by these acts. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including, for example, the factors identified in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended March 31, 2017. Although we believe that the assumptions underlying these forward-looking statements are reasonable, any of the assumptions could be inaccurate, and there can be no assurance that the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.

 

Liquidity

The Fund's primary source of funds was the proceeds of its Public Offering.  Other sources of liquidity include (i) interest earned on capital contributions unpaid for the sixnine months ended September 30,December 31, 2017 or on working capital reserves, (ii) cash distributions from operations of the Operating Partnerships in which the Fund has invested and (iii) proceeds received from the dispositions of the Operating Partnership that are returned to fund reserves.  These sources of liquidity, along with the Fund's working capital reserve, are available to meet the obligations of the Partnership.  The Fund does not anticipate significant cash distributions from operations of the Operating Partnerships.

 

The Fund is currently accruing the fund management fee.  Fund management fees accrued during the quarter ended September 30,December 31, 2017 were $609,527$572,291 and total fund management fees accrued as of September 30,December 31, 2017 were $34,839,474.$32,440,446. During the sixnine months ended September 30,December 31, 2017, $5,548,540$8,519,859 of the accrued fund management fees were paid. Pursuant to the Partnership Agreement, these liabilities will be deferred until the Fund receives proceeds from sales of the Operating Partnerships that will be used to satisfy these liabilities. The Fund's working capital and sources of liquidity coupled with affiliated party liability accruals allow sufficient levels of liquidity to meet the third party obligations of the Fund.  The Fund is currently unaware of any trends that would create insufficient liquidity to meet future third party obligations of the Fund.

















 

Liquidity (continued)

As of September 30,December 31, 2017, an affiliate of the general partner of the Fund advanced a total of $212,915$217,533 to Series 44 to pay some operating expenses of the Fund, and to make advances and/or loans to Operating Partnerships. These advances are included in Accounts payable affiliates. During the sixnine months ended September 30,December 31, 2017, $6,862$11,480 was advanced to Series 44 from an affiliate of the general partner, as well as $220,455 and $54,659 was paid back from Series 39 and Series 45, respectively, to an affiliate of the general partner. All payables to affiliates will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Fund's interests in Operating Partnerships.

 

Capital Resources

The Fund offered BACs in the Public Offering declared effective by the Securities and Exchange Commission on December 16, 1993. The Fund received $38,667,000, $18,927,000, $25,644,000, $33,366,000, $21,697,000, $30,248,000, $39,959,000, $24,607,000, $39,999,000, $39,918,000, $26,490,750, $44,057,750, $47,431,000, $26,362,000, $35,273,000, $33,004,630, $21,068,375, $25,125,000, $25,431,000, $22,921,000, $26,629,250, $28,916,260, $27,442,620, $27,442,620, $36,379,870, $27,019,730, $40,143,670 and $29,809,980 representing 3,866,700, 1,892,700, 2,564,400, 3,336,727, 2,169,878, 3,026,109, 3,995,900, 2,460,700, 4,000,738, 3,991,800, 2,651,000, 4,417,857, 4,754,198, 2,636,533, 3,529,319, 3,300,463, 2,106,837, 2,512,500, 2,543,100, 2,292,152, 2,630,256, 2,891,626, 2,744,262, 3,637,987, 2,701,973, 4,014,367 and 2,980,998 BACs from investors admitted as BAC Holders in Series 20, Series 21, Series 22, Series 23, Series 24, Series 25, Series 26, Series 27, Series 28, Series 29, Series 30, Series 31, Series 32, Series 33, Series 34, Series 35, Series 36, Series 37, Series 38, Series 39, Series 40, Series 41, Series 42, Series 43, Series 44, Series 45 and Series 46, respectively, as of September 30,December 31, 2017.

Series 20

The Fund commenced offering BACs in Series 20 on January 21, 1994. Offers and sales of BACs in Series 20 were completed on June 24, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $27,693,970.Series 20 has since sold its interest in 2122 of the Operating Partnerships and 32 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 20 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 21

The Fund commenced offering BACs in Series 21 on July 5, 1994. Offers and sales of BACs in Series 21 were completed on September 30, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $13,872,728. Series 21 has since sold its interest in 12all 14 of the Operating Partnerships and 2 remain.Partnerships.

Prior to the quarter ended September 30,December 31, 2017, Series 21 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 22

The Fund commenced offering BACs in Series 22 on October 12, 1994. Offers and sales of BACs in Series 22 were completed on December 28, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 29 Operating Partnerships in the amount of $18,758,748. Series 22 has since sold its interest in 26 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 22 had released all payments of its capital contributions to the Operating Partnerships.

Series 23

The Fund commenced offering BACs in Series 23 on January 10, 1995. Offers and sales of BACs in Series 23 were completed on June 23, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $24,352,278. Series 23 has since sold its interest in 19 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 23 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 24

The Fund commenced offering BACs in Series 24 on June 9, 1995. Offers and sales of BACs in Series 24 were completed on September 22, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $15,796,309. Series 24 has since sold its interest in 18 of the Operating Partnerships and 6 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 24 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 25

The Fund commenced offering BACs in Series 25 on September 30, 1995. Offers and sales of BACs in Series 25 were completed on December 29, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $22,324,539. Series 25 has since sold its interest in all 22 Operating Partnerships.

Prior to the quarter ended September 30,December 31, 2017, Series 25 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 26

The Fund commenced offering BACs in Series 26 on January 18, 1996. Offers and sales of BACs in Series 26 were completed on June 14, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 45 Operating Partnerships in the amount of $29,401,215. Series 26 has since sold its interest in 36 of the Operating Partnerships and 9 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 26 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 27

The Fund commenced offering BACs in Series 27 on June 17, 1996. Offers and sales of BACs in Series 27 were completed on September 27, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $17,881,574. Series 27 has since sold its interest in 1213 of the Operating Partnerships and 43 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 27 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 28

The Fund commenced offering BACs in Series 28 on September 30, 1996. Offers and sales of BACs in Series 28 were completed on January 31, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 26 Operating Partnership in the amount of $29,281,983. Series 28 has since sold its interest in 21 of the Operating Partnerships and 5 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 28 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 29

The Fund commenced offering BACs in Series 29 on February 10, 1997. Offers and sales of BACs in Series 29 were completed on June 20, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $29,137,877. Series 29 has since sold its interest in 14 of the Operating Partnerships and 8 remain.

During the quarter ended September 30,December 31, 2017, Series 29 did not record any releases of capital contributions. Series 29 has outstanding contributions payable to 2 Operating Partnerships in the amount of $8,235 as of September 30,December 31, 2017. The remaining contributions will be released when the Operating Partnerships have achieved the conditions set forth in their respective partnership agreements.

Series 30

The Fund commenced offering BACs in Series 30 on June 23, 1997. Offers and sales of BACs in Series 30 were completed on September 10, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 20 Operating Partnerships in the amount of $19,497,869. Series 30 has since disposed of its interest in 14 of the Operating Partnerships and 6 remain.

During the quarter ended September 30,December 31, 2017, Series 30 did not record any releases of capital contributions. Series 30 has outstanding contributions payable to 2 Operating Partnerships in the amount of $65,176 as of September 30,December 31, 2017. The remaining contributions will be released when Operating Partnerships have achieved the conditions set forth in their respective partnership agreements.

Series 31

The Fund commenced offering BACs in Series 31 on September 11, 1997. Offers and sales of BACs in Series 31 were completed on January 18, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 27 Operating Partnerships in the amount of $32,569,100. Series 31 has since disposed of its interest in 19 of the Operating Partnerships and 8 remain.

During the quarter ended September 30,December 31, 2017, Series 31 did not record any releases of capital contributions. Series 31 has outstanding contributions payable to 3 Operating Partnerships in the amount of $66,294 as of September 30,December 31, 2017. Of the amount outstanding, $25,000 has been funded into an escrow account on behalf of one Operating Partnership. The escrowed funds will be converted to capital and the remaining contributions of $41,294 will be released when the Operating Partnerships have achieved the conditions set forth in their respective partnership agreements.

 

Series 32

The Fund commenced offering BACs in Series 32 on January 19, 1998. Offers and sales of BACs in Series 32 were completed on June 23, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 17 Operating Partnerships in the amount of $34,129,677. Series 32 has since sold its interest in 11 of the Operating Partnerships and 6 remain. The series has also purchased membership interests in Bradley Phase I of Massachusetts LLC, Bradley Phase II of Massachusetts LLC, Byam Village of Massachusetts LLC, Hanover Towers of Massachusetts LLC, Harbor Towers of Massachusetts LLC and Maple Hill of Massachusetts LLC. In December 2010, the investment general partner sold its membership interests and a gain on the sale of the membership interests has been recorded in the amount of $499,998 as of December 31, 2010. Under the terms of these Assignments of Membership Interests dated December 1, 1998, the series is entitled to various profits, losses, tax credits, cash flow, proceeds from capital transactions and capital accounts as defined in the individual Operating Partnership Agreements. The series utilized $1,092,847 of funds available to invest in Operating Partnerships for this investment.

During the quarter ended September 30,December 31, 2017, Series 32 did not record any releases of capital contributions. Series 32 has outstanding contributions payable to 1 Operating Partnership in the amount of $1,229 as of September 30,December 31, 2017. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 33

The Fund commenced offering BACs in Series 33 on June 22, 1998. Offers and sales of BACs in Series 33 were completed on September 21, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $19,594,100. Series 33 has since sold its interest in 56 of the Operating Partnerships and 54 remain.

During the quarter ended September 30,December 31, 2017, Series 33 did not record any releases of capital contributions. Series 33 has outstanding contributions payable to 21 Operating PartnershipsPartnership in the amount of $69,154$2,650 as of September 30,December 31, 2017. The remaining contributions will be released when the Operating Partnerships havePartnership has achieved the conditions set forth in theirits partnership agreements.agreement.

Series 34

The Fund commenced offering BACs in Series 34 on September 22, 1998. Offers and sales of BACs in Series 34 were completed on February 11, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 14 Operating Partnerships in the amount of $25,738,978. Series 34 has since sold its interest in 10 of the Operating Partnerships and 4 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 34 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 35

The Fund commenced offering BACs in Series 35 on February 22, 1999. Offers and sales of BACs in Series 35 were completed on June 28, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $24,002,391. Series 35 has since sold its interest in 9 of the Operating Partnerships and 2 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 35 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 36

The Fund commenced offering BACs in Series 36 on June 22, 1999. Offers and sales of BACs in Series 36 were completed on September 28, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $15,277,041. Series 36 has since sold its interest in 8 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30,December 31, 2017, Series 36 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 37

The Fund commenced offering BACs in Series 37 on October 29, 1999. Offers and sales of BACs in Series 37 were completed on January 28, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 7 Operating Partnerships in the amount of $18,735,142. Series 37 has since sold its interest in 56 of the Operating Partnerships and 2 remain.1 remains.


DuringPrior to the quarter ended September 30,December 31, 2017, Series 37 did not record any releaseshad released all payments of its capital contributions. Series 37 has outstanding contributions payable to 1 Operating Partnership in the amount of $138,438 as of September 30, 2017. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.
Partnerships.

Series 38

The Fund commenced offering BACs in Series 38 on February 1, 2000. Offers and sales of BACs in Series 38 were completed on July 31, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $18,612,287. Series 38 has since sold its interest in 6 of the Operating Partnerships and 4 remain. In addition, the Fund committed and used $420,296 of Series 38 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30,December 31, 2017, Series 38 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 39

The Fund commenced offering BACs in Series 39 on August 1, 2000. Offers and sales of BACs in Series 39 were completed on January 31, 2001. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 9 Operating Partnerships in the amount of $17,115,492. Series 39 has since sold its interest in 8all 9 of the Operating Partnerships and 1 remains.Partnerships. In addition, the Fund committed and used $192,987 of Series 39 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

 

Prior to the quarter ended September 30,December 31, 2017, Series 39 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 40

The Fund commenced offering BACs in Series 40 on February 1, 2001. Offers and sales of BACs in Series 40 were completed on July 31, 2001. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $19,030,772. Series 40 has since sold its interest in 7 of the Operating Partnerships and 9 remain. In addition, the Fund committed and used $578,755 of Series 40 net offering proceeds to acquire a membership interest in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

During the quarter ended September 30,December 31, 2017, Series 40 did not record any releases of capital contributions. Series 40 has outstanding contributions payable to 1 Operating Partnership in the amount of $102 as of September 30,December 31, 2017. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 41

The Fund commenced offering BACs in Series 41 on August 1, 2001. Offers and sales of BACs in Series 41 were completed on January 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $21,278,631. Series 41 has since sold its interest in 79 of the Operating Partnerships and 1614 remain. In addition, the Fund committed and used $195,249 of Series 41 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

 

During the quarter ended September 30,December 31, 2017, Series 41 did not record any releases of capital contributions. Series 41 has outstanding contributions payable to 1 Operating Partnership in the amount of $100 as of September 30,December 31, 2017. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 42

The Fund commenced offering BACs in Series 42 on February 1, 2002. Offers and sales of BACs in Series 42 were completed on July 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $20,661,120. Series 42 has since sold its interest in 810 of the Operating Partnerships and 1513 remain.

During the quarter ended September 30,December 31, 2017, Series 42 did not record any releasesreleased $9,503 of capital contributions. Series 42 has outstanding contributions payable to 21 Operating PartnershipsPartnership in the amount of $73,433$254 as of September 30,December 31, 2017. Of the amount outstanding, $63,676 has been advanced or loaned to the Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $9,757 will be released when the Operating Partnerships havePartnership has achieved the conditions set forth in their respectiveits partnership agreements.agreement.

Series 43

The Fund commenced offering BACs in Series 43 on August 1, 2002. Offers and sales of BCAs in Series 43 were completed in June 30, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $26,326,543. Series 43 has since sold its interest in 45 of the Operating Partnerships and 1918 remain. The Fund also committed and used $805,160 of Series 43 net offering proceeds to acquire membership interests in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes. In addition, the Fund committed and used $268,451 of Series 43 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

 

During the quarter ended September 30,December 31, 2017, Series 43 did not record any releasesreleased $9,508 of capital contributions. Series 43 has outstanding contributions payable to 21 Operating PartnershipsPartnership in the amount of $99,265$26,082 as of September 30,December 31, 2017. Of the amount outstanding, $63,676 has been advanced or loaned to the Operating Partnerships. The loans and advances will be converted to capital and the remaining contributions of $35,589 will be released when the Operating Partnerships havePartnership has achieved the conditions set forth in their respectiveits partnership agreements.agreement.

 

Series 44

The Fund commenced offering BACs in Series 44 on January 14, 2003. Offers and sales of BACs in Series 44 were completed in April 30, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $20,248,519. Series 44 has since sold its interest in 3 of the Operating Partnerships and 7 remain. In addition, the Fund committed and used $164,164 of Series 44 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

 

Prior to the quarter ended September 30,December 31, 2017, Series 44 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 45

The Fund commenced offering BACs in Series 45 on July 1, 2003. Offers and sales of BACs in Series 45 were completed on September 16, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 31 Operating Partnerships in the amount of $30,232,512. Series 45 has since sold its interest in 4 of the Operating Partnerships and 27 remain. In addition, the Fund committed and used $302,862 of Series 45 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

 

During the quarter ended September 30,December 31, 2017, Series 45 did not record any releases of capital contributions. Series 45 has outstanding contributions payable to 1 Operating Partnership in the amount of $16,724 as of September 30,December 31, 2017. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

 

Series 46

The Fund commenced offering BACs in Series 46 on September 23, 2003. Offers and sales of BACs in Series 46 were completed on December 19, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 15 Operating Partnerships in the amount of $22,495,082. Series 46 has since sold its interest in 1 of the Operating Partnerships and 14 remain. In addition, the Fund committed and used $228,691 of Series 46 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

 

Prior to the quarter ended September 30,December 31, 2017, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Results of Operations

As of September 30,December 31, 2017 and 2016, the Fund held limited partnership interests in 191179 and 236219 Operating Partnerships, respectively. In each instance the apartment complex owned by the applicable Operating Partnership is eligible for the federal housing tax credit. Initial occupancy of a unit in each apartment complex which complied with the minimum set-aside test (i.e., initial occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the rent restriction test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to as "Qualified Occupancy." Each of the Operating Partnerships and each of the respective apartment complexes are described more fully in the Prospectus or applicable report on Form 8-K. The general partner of the Fund believes that there is adequate casualty insurance on the properties.

 

The Fund incurred a fund management fee to Boston Capital Asset Management Limited Partnership in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various asset management and reporting fees paid by the Operating Partnerships. The fund management fees net of reporting fees incurred and the reporting fees paid by the Operating Partnerships for the three and sixnine months ended September 30,December 31, 2017, are as follows:

 


3 Months
Gross Fund
Management Fee


3 Months
Asset Management and
Reporting Fee

3 Months
Fund Management Fee Net
of Asset Management and
Reporting Fee


3 Months
Gross Fund
Management Fee


3 Months
Asset Management and
Reporting Fee

3 Months
Fund Management Fee Net
of Asset Management and
Reporting Fee

Series 20

$  5,536

$   296

$  5,240

$  5,536

$    200

$  5,336

Series 21

2,719

1,588

1,131

2,216

-

2,216

Series 22

7,303

-

7,303

7,303

-

7,303

Series 23

5,556

-

5,556

5,556

-

5,556

Series 24

12,588

1,178

11,410

12,588

490

12,098

Series 25

5,440

1,692

3,748

-

-

-

Series 26

22,545

2,841

19,704

15,609

-

15,609

Series 27

9,555

2,000

7,555

8,915

8,760

155

Series 28

8,844

-

8,844

8,844

-

8,844

Series 29

20,547

3,387

17,160

20,547

-

20,547

Series 30

12,609

-

12,609

12,609

2,400

10,209

Series 31

21,699

-

21,699

19,092

-

19,092

Series 32

26,370

-

26,370

23,234

6,000

17,234

Series 33

16,397

-

16,397

15,654

18,840

(3,186)

Series 34

12,366

4,200

8,166

12,365

-

12,365

Series 35

17,481

2,459

15,022

10,653

3,200

7,453

Series 36

7,626

-

7,626

7,626

-

7,626

Series 37

12,501

-

12,501

10,957

-

10,957

Series 38

18,234

500

17,734

18,234

10,200

8,034

Series 39

1,709

-

1,709

1,712

-

1,712

Series 40

28,709

-

28,709

26,594

11,475

15,119

Series 41

52,147

1,500

50,647

49,564

11,715

37,849

Series 42

42,870

5,913

36,957

40,788

5,739

35,049

Series 43

57,693

6,687

51,006

55,612

1,365

54,247

Series 44

57,825

-

57,825

57,825

26,120

31,705

Series 45

70,359

11,318

59,041

70,359

2,005

68,354

Series 46

 52,299

10,628

 41,671

 52,299

  6,931

 45,368

$609,527

$56,187

$553,340

$572,291

$115,440

$456,851

 

 

 

 

 

 

 

 


6 Months
Gross Fund
Management Fee


6 Months
Asset Management and
Reporting Fee

6 Months
Fund Management Fee Net
of Asset Management and
Reporting Fee


9 Months
Gross Fund
Management Fee


9 Months
Asset Management and
Reporting Fee

9 Months
Fund Management Fee Net
of Asset Management and
Reporting Fee

Series 20

$   11,071

$  2,112

$    8,959

$   16,607

$  2,312

$   14,295

Series 21

5,438

2,051

3,387

7,654

2,051

5,603

Series 22

14,606

500

14,106

21,909

500

21,409

Series 23

11,112

1,750

9,362

16,668

1,750

14,918

Series 24

25,176

2,345

22,831

37,764

2,835

34,929

Series 25

11,374

1,692

9,682

11,374

1,692

9,682

Series 26

45,090

3,841

41,249

60,699

3,841

56,858

Series 27

24,523

2,000

22,523

33,438

10,760

22,678

Series 28

17,688

2,000

15,688

26,532

2,000

24,532

Series 29

41,093

3,387

37,706

61,640

3,387

58,253

Series 30

29,263

48,554

(19,291)

41,872

50,954

(9,082)

Series 31

43,398

1,500

41,898

62,490

1,500

60,990

Series 32

52,740

6,500

46,240

75,974

12,500

63,474

Series 33

32,795

6,500

26,295

48,449

25,340

23,109

Series 34

24,732

4,200

20,532

37,097

4,200

32,897

Series 35

34,962

2,459

32,503

45,615

5,659

39,956

Series 36

15,252

1,910

13,342

22,878

1,910

20,968

Series 37

25,002

8,018

16,984

35,959

8,018

27,941

Series 38

36,468

500

35,968

54,702

10,700

44,002

Series 39

3,418

-

3,418

5,130

-

5,130

Series 40

58,475

-

58,475

85,069

11,475

73,594

Series 41

105,586

1,949

103,637

155,150

13,663

141,487

Series 42

85,740

6,948

78,792

126,528

12,686

113,842

Series 43

115,386

19,430

95,956

170,998

20,795

150,203

Series 44

115,651

1,000

114,651

173,476

27,120

146,356

Series 45

140,718

15,866

124,852

211,077

17,871

193,206

Series 46

  104,598

 10,628

   93,970

  156,897

 17,559

  139,338

$1,231,355

$157,640

$1,073,715

$1,803,646

$273,078

$1,530,568

 

The Fund's investment objectives do not include receipt of significant cash distributions from the Operating Partnerships in which it has invested or intends to invest. The Fund's investments in Operating Partnerships have been and will be made principally with a view towards realization of federal housing tax credits for allocation to its partners and BAC holders.

Series 20

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 32 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periodsended September 30,December 31, 2017 and 2016, Series 20 reflects a net loss from Operating Partnerships of $(49,180)$(63,950) and $(27,363)$(50,641), respectively, which includes depreciation and amortization of $72,185$91,765 and $86,616,$122,081, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In March 2016, the operating general partner of Franklinton Elderly Housing entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 14, 2016. The sales price of the property was $1,655,869, which included the outstanding mortgage balance of approximately $1,514,869 and cash proceeds to the investment partnership of $141,000. Of the total proceeds received by the investment partnership, $3,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $138,000 were returned to cash reserves held by Series 20. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the transfer,sale, net of the overhead and expense reimbursement, has been recorded in the amount of $138,000 as of September 30, 2016.

 

In December 2017, the investment general partner transferred its interest in Fair Oaks Lane Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,279,482 and cash proceeds to the investment partnership of $44,000. Of the total proceeds received, $2,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,000 were returned to cash reserves held by Series 20. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,000 as of December 31, 2017.

Series 21

As of September 30, 2017 andDecember 31, 2016, the average Qualified Occupancy for the series was 100%.The series had a totaldid not have any properties as of 2 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.December 31, 2017.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 21 reflects a net loss from Operating Partnerships of $(9,375)$- and $(540)$(797), respectively, which includes depreciation and amortization of $41,440$- and $41,517,$62,275, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In November 2017, the investment general partner transferred its interest in Better Homes of Havelock Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,591,112 and cash proceeds to the investment partnership of $60,000. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $57,500 were returned to cash reserves held by Series 21. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $57,500 as of December 31, 2017.

In December 2017, the investment general partner transferred its interest in Liveoak Village Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $672,305 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,500 were returned to cash reserves held by Series 21. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,500 as of December 31, 2017.

Series 22

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 22 reflects a net loss from Operating Partnerships of $(35,259)$(52,888) and $(34,159)$(48,562), respectively, which includes depreciation and amortization of $69,003$103,504 and $55,366,$84,013, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

Series 23

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 23 reflects a net loss from Operating Partnerships of $(10,702)$(16,053) and $(185,282)$(276,373), respectively, which includes depreciation and amortization of $44,899$67,348 and $307,885,$468,885, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In June 2016, the investment general partner of Boston Capital Tax Credit Fund III - Series 16 and Series 23 transferred their respective interests in Mid City Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $4,890,361 and cash proceeds to the investment partnerships of $124,955 and $4,545, for Series 16 and Series 23, respectively. Of the total proceeds received, $27,340 and $995, for Series 16 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $97,615 and $3,550, for Series 16 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership, net of the overhead and expense reimbursement, has been recorded in the amount of $97,615 and $3,550, for Series 16 and Series 23, respectively, as of June 30, 2016.

 

In March 2017, the investment general partner transferred its interest in Colonna Redevelopment Company to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $375,000 and cash proceeds to the investment partnership of $500,000. Of the total proceeds received, $15,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $485,000 were returned to cash reserves held by Series 23. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $485,000 as of March 31, 2017.

 

In January 2017, the operating general partner of Sacramento SRO Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on April 21, 2017. The sales price of the property was $3,800,000, which included the outstanding mortgage balance of approximately $2,701,113 and cash proceeds to the investment partnership of $964,665. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $959,665 were returned to cash reserves held by Series 23. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $959,665 as of June 30, 2017. In October 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $30,297 which was returned to the cash reserves.

 

Series 24

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 6 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 24 reflects a net loss from Operating Partnerships of $(76,524)$(114,786) and $(67,196)$(95,040), respectively, which includes depreciation and amortization of $140,696$211,044 and $136,278,$205,010, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

Series 25

As of September 30,December 31, 2016, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of September 30,December 31, 2017.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 25 reflects a net loss from Operating Partnerships of $- and $(22,557)$(26,970), respectively, which includes depreciation and amortization of $- and $78,604,$121,323, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In September 2017, the investment general partner transferred its interest in Ethel Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $736,238 and cash proceeds to the investment partnership of $21,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,500 as of September 30, 2017.

 

In August 2017, the investment general partner transferred its interest in Horse Cave Family Apartments to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $753,559 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $2,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,500 as of September 30, 2017.

 

In September 2017, the investment general partner transferred its interest in Shannon Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,157,526 and cash proceeds to the investment partnership of $36,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $34,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $34,500 as of September 30, 2017.

 

In September 2017, the investment general partner transferred its interest in West Point Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $638,133 and cash proceeds to the investment partnership of $35,311. Of the total proceeds received, $1,412 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $33,899 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $33,899 as of September 30, 2017.

 

Series 26

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 9 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 26 reflects a net loss from Operating Partnerships of $(236,765)$(348,980) and $(313,979)$(432,310), respectively, which includes depreciation and amortization of $232,520$321,930 and $288,199,$432,391, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In July 2016, the investment general partner transferred its interest in Holly Hills Properties, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $794,392 and cash proceeds to the investment partnership of $22,500. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $18,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $18,500 as of September 30, 2016.

 

In September 2017, the investment general partner transferred its interest in Mason Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $849,683 and cash proceeds to the investment partnership of $18,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $16,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $16,500 as of September 30, 2017.

 

In September 2017, the investment general partner transferred its interest in Maxton Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $802,661 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of September 30, 2017.

 

In September 2017, the investment general partner transferred its interest in Meridian Housing Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $651,291 and cash proceeds to the investment partnership of $36,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $34,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $34,500 as of September 30, 2017.

 

In September 2017, the investment general partner transferred its interest in Timmonsville Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $970,535 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of September 30, 2017.

 

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Beckwood Manor One Limited Partnership

Southwind Apartments, A L.D.H.A.

T.R. Bobb Apartments Partnership, A L.D.H.A.

Brookhaven Apartments Partnership, A LP

Beauregard Apartments Partnership, A L.D.H.A.

Warrensburg Heights L.P.

 

Series 27

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 43 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 27 reflects a net loss from Operating Partnerships of $(65,825)$(83,576) and $(107,750)$(157,552), respectively, which includes depreciation and amortization of $120,642$165,370 and $309,373,$455,020, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In February 2016, the operating general partner of Centrum - Fairfax II LP entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on June 20, 2016. The sales price of the property was $9,550,000, which included the outstanding mortgage balance of approximately $4,907,553 and cash proceeds to the investment partnership of $3,000,000. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $2,995,000 will be returned to cash reserves held by Series 27. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $2,995,000 as of June 30, 2016.

 

In July 2016, the investment general partner transferred its interest in Sunday Sun Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $794,703 and cash proceeds to the investment partnership of $25,000. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $21,000 were returned to cash reserves held by Series 27. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $21,000 as of September 30, 2016.

 

In October 2016, the investment general partner transferred 50% of its interest in Canisteo Manor, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $438,188 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 27. The remaining 50% investment limited partner interest in the Operating Partnership is scheduled to bewas transferred in November 2017 for the assumption of approximately $438,188 of the remaining outstanding mortgage balance and nominal consideration. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership has been recorded.

 

In December 2016, the operating general partner of Wayne Housing Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on April 27, 2017. The sales price of the property was $12,800,000, which included the outstanding mortgage balance of approximately $5,844,046 and cash proceeds to the investment partnership of $3,291,567 which were returned to cash reserves held by Series 27. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $3,291,567 as of June 30, 2017.

 

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Angelou Court

 

Series 28

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 28 reflects a net loss from Operating Partnerships of $(72,546)$(108,817) and $(111,090)$(190,746), respectively, which includes depreciation and amortization of $112,889$169,333 and $115,386,$173,079, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In June 2016, the investment general partner transferred its interest in Senior Suites Chicago Austin Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,875,732 and cash proceeds to the investment partnership of $10,000. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $5,000 were returned to cash reserves held by Series 28. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $5,000 as of June 30, 2016.

 

The investment general partner will continue to monitor the following Operating PartnershipsPartnership because of operational or other issues. However, thesethis Operating Partnerships havePartnership has all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Jackson Place Apartments, L.P.

Maplewood Apartments Partnership, A LA Partnership

 

Series 29

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 29 reflects a net loss from Operating Partnerships of $(263,762)$(395,641) and $(188,454)$(295,769), respectively, which includes depreciation and amortization of $247,758$371,636 and $244,583,$367,084, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Edgewood Apartments Partnership, A Louisiana Partnership

Westfield Apartments Partnership, A Louisiana Partnership

Harbor Pointe/MHT LDHA

The Lincoln Hotel

Poplarville Housing Inc.

 

Series 30

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 6 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 30 reflects a net loss from Operating Partnerships of $(68,786)$(103,181) and $(107,640)$(158,143), respectively, which includes depreciation and amortization of $145,249$217,874 and $202,659,$303,986, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In February 2017, the operating general partner of Linden Partners II, LLC entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on April 28, 2017. The sales price of the property was $1,125,000, which included the outstanding mortgage balance of approximately $681,507 and cash proceeds to the investment partnership of $192,168. Of the total proceeds received by the investment partnership, $40,738 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the sale. Of the remaining proceeds, $3,000 will bewas paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $148,430 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $148,430 as of June 30, 2017. In July 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $2,091 which was returned to the cash reserves.

 

In June 2017, the investment general partner transferred its interest in C.V.V.A. Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,432,770 and cash proceeds to the investment partnership of $78,000. Of the total proceeds received, $2,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $75,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. The transfer proceeds were not received as of June 30, 2017, so a receivable in the amount of $75,500 was recorded. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $75,500 as of June 30, 2017. In addition, equity outstanding for the Operating Partnership in the amount of $39,963 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of June 30, 2017.

 

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Bellwood Four Limited Partnership

JMC Limited Liability Company

 

Series 31

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 31 reflects a net loss from Operating Partnerships of $(232,834)$(340,535) and $(190,795)$(283,126), respectively, which includes depreciation and amortization of $264,177$385,046 and $567,427,$707,858, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2016, the investment general partner transferred its interest in Eagles Ridge Terrace Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,391,732 and cash proceeds to the investment partnership of $72,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $69,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $69,500 as of December 31, 2016.

 

In December 2016, the investment general partner transferred its interest in Henderson Terrace Apartments to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $399,366 and cash proceeds to the investment partnership of $19,200. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $16,700 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $16,700 as of December 31, 2016.

 

In December 2016, the investment general partner transferred its interest in Lakeview Little Elm Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $340,752 and cash proceeds to the investment partnership of $19,200. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $16,700 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $16,700 as of December 31, 2016.

 

In December 2016, the investment general partner transferred its interest in Mesquite Trails Apartments to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $523,176 and cash proceeds to the investment partnership of $28,800. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $26,300 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $26,300 as of December 31, 2016.

 

In December 2016, the investment general partner transferred its interest in Pilot Point Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $587,525 and cash proceeds to the investment partnership of $32,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $29,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $29,500 as of December 31, 2016.

 

In December 2016, the investment general partner transferred its interest in Seagraves Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $354,789 and cash proceeds to the investment partnership of $12,800. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $10,300 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,300 as of December 31, 2016.

 

In November 2016, the investment general partner transferred its interest in Silver Creek Apartments/MHT, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,332,447 and cash proceeds to the investment partnership of $627,947. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $622,947 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. The transfer proceeds were received in the first quarter of 2017; so a receivable in the amount of $622,947 was recorded as of December 31, 2016. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $622,947 as of December 31, 2016. In March 2017, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $85,464, which were returned to the cash reserves held by the Series.

 

In September 2017, the investment general partner transferred its interest in Ellisville Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $508,068 and cash proceeds to the investment partnership of $24,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $22,500 as of September 30, 2017.

 

In September 2017, the investment general partner transferred its interest in Hattiesburg Housing, Inc. to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $773,195 and cash proceeds to the investment partnership of $24,000. Of the total proceeds received, $1,500 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 31.The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $22,500 as of September 30, 2017.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Canton Housing One, L.P.

Canton Housing Two, L.P.

Canton Housing Three, L.P.

Canton Housing Four, L.P.

 

Series 32

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 6 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 32 reflects a net loss from Operating Partnerships of $(244,184)$(376,982) and $(352,024)$(432,493), respectively, which includes depreciation and amortization of $311,842$455,816 and $537,645,$779,977, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2016, the investment general partner transferred its interest in Indiana Development Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,129,504 and cash proceeds to the investment partnership of $47,500. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $45,000 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $45,000 as of December 31, 2016.

 

In December 2016, the investment general partner transferred its interest in Granada Rose, Limited Partnership, a Texas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $124,650 and cash proceeds to the investment partnership of $6,400. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $3,900 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $3,900 as of December 31, 2016.

 

In November 2016, the operating general partner of Cogic Village LDHA Limited Partnership entered into an agreement to sell the property to an unrelated third party buyer and the transaction closed on February 8, 2017. The sales price of the property was $3,275,000, which included the outstanding mortgage balance of approximately $1,991,521, and cash proceeds to the investment partnership of $522,652. Of the total proceeds received by the investment partnership, $2,000 will be paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $520,652 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $520,652 as of March 31, 2017. In June 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $14,506 which was returned to the cash reserves.

 

In July 2017, the operating general partner of Courtside Housing Associates, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 12, 2017. The sales price of the property was $3,625,000, which included the outstanding mortgage balance of approximately $600,000 and cash proceeds to the investment partnership of $1,536,999. Of the total proceeds received by the investment partnership, $3,000 will bewas paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,533,999 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,533,999 as of September 30, 2017.

In August 2015, the operating general partner of Pearl Partners, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on October 1, 2015. In December 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $128,747 which was returned to the cash reserves.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Pecan Manor Apartments

Parkside Plaza, LLP

 

Series 33

As of September 30, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30, 2017, all of which were at 100% Qualified Occupancy.

For the six month periods ended September 30, 2017 and 2016, Series 33 reflects a net loss from Operating Partnerships of $(107,568) and $(114,291), respectively, which includes depreciation and amortization of $179,293 and $192,599, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

Stearns Assisted Housing Associates, LP

Harbor Pointe/MHT LDHA

Series 34

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 33 reflects a net loss from Operating Partnerships of $(147,866) and $(170,166), respectively, which includes depreciation and amortization of $260,563 and $284,822, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

In October 2017, the investment general partner transferred their respective interests in Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $435,500 and cash proceeds to the investment partnerships of $1,583 and $3,295 for Series 33 and Series 37, respectively. Of the total proceeds received, $633 and $1,318 for Series 33 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $950 and $1,977 for Series 33 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $950 and $1,977 for Series 33 and Series 37, respectively, as of December 31, 2017.

The investment general partner will continue to monitor the following Operating Partnership because of operational or other issues. However, this Operating Partnership has exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

Harbor Pointe/MHT LDHA

Series 34

As of December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at December 31, 2017, all of which were at 100% Qualified Occupancy.

For the nine month periods ended December 31, 2017 and 2016, Series 34 reflects a net loss from Operating Partnerships of $(63,801)$(95,701) and $(137,493)$(220,090), respectively, which includes depreciation and amortization of $137,814$206,720 and $214,454,$283,865, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In May 2016, the investment general partner transferred its interest in Northwood Homes, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $500,053 and cash proceeds to the investment partnership of $32,000. Of the total proceeds received, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $27,500 were returned to cash reserves held by Series 34. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $27,500 as of June 30, 2016.

 

In July 2016, the investment general partner transferred its interest in Kerrville Meadows Apartments, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,144,914 and cash proceeds to the investment partnership of $225,000. Of the total proceeds received, $10,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $215,000 were returned to cash reserves held by Series 34. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $215,000 as of September 30, 2016.

 

In December 2016, the investment general partner transferred their respective interests in Washington Courtyards Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,958,317 and cash proceeds to the investment partnerships of $394,536 and $165,090 for Series 34 and Series 35, respectively. Of the total proceeds received, $2,115 and $885 for Series 34 and Series 35, respectively, represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds, $4,230 and $1,770 for Series 34 and Series 35, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $388,191 and $162,435 for Series 34 and Series 35, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $388,191 and $162,435 for Series 34 and Series 35, respectively, as of December 31, 2016.

 

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

 

RHP 96-I, L.P.

Belmont Affordable Housing II, LP

 

Series 35

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 35 reflects a net loss from Operating Partnerships of $(14,918)$(23,237) and $(155,626)$(245,625), respectively, which includes depreciation and amortization of $173,454$254,427 and $412,269,$602,766, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In March 2016, the operating general partner of Wedgewood Park Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 14, 2016. The sales price of the property was $13,900,000, which included the outstanding mortgage balance of approximately $4,364,386 and cash proceeds to the investment partnerships of $2,333,553 and $2,333,553 for Series 35 and Series 36, respectively. Of the total proceeds received by the investment partnerships, $37,500 and $37,500 for Series 35 and Series 36, respectively, represents reporting fees due to an affiliate of the investment partnerships and the balance represents proceeds from the sale. Of the remaining proceeds, $1,250 and $1,250 for Series 35 and Series 36, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $2,294,803 and $2,294,803 for Series 35 and Series 36, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $2,294,803 and $2,294,803 for Series 35 and Series 36, respectively, as of June 30, 2016. In September 2016, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $85,949 and $85,949 for Series 35 and Series 36, respectively, which were returned to the cash reserves held by the Series. In January 2017, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $12,121 and $12,121 for Series 35 and Series 36, respectively, which were returned to the cash reserves held by the Series.

 

In December 2016, the investment general partner transferred their respective interests in Washington Courtyards Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,958,317 and cash proceeds to the investment partnerships of $394,536 and $165,090 for Series 34 and Series 35, respectively. Of the total proceeds received, $2,115 and $885 for Series 34 and Series 35, respectively, represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfer. Of the remaining proceeds, $4,230 and $1,770 for Series 34 and Series 35, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $388,191 and $162,435 for Series 34 and Series 35, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $388,191 and $162,435 for Series 34 and Series 35, respectively, as of December 31, 2016.

 

In November 2016, the operating general partner of Columbia Woods, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on February 6, 2017. The sales price of the property was $7,450,000, which included the outstanding mortgage balance of approximately $3,865,108 and cash proceeds to the investment partnerships of $168,307 and $422,243 for Series 35 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $2,850 and $7,150 for Series 35 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $165,457 and $415,093 for Series 35 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $165,457 and $415,093 for Series 35 and Series 37, respectively, as of March 31, 2017.

 

In September 2017, the investment general partner transferred its interest in Cypress Point Housing Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,480,787 and cash proceeds to the investment partnership of $2,656,528. Of the total proceeds received, $3,000 will bewas paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $2,653,528 were returned to cash reserves held by Series 35. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $2,653,528 as of September 30, 2017.

 

Series 36

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 36 reflects a net loss from Operating Partnerships of $(65,936)$(98,904) and $(72,616)$(113,395), respectively, which includes depreciation and amortization of $84,557$126,835 and $97,781,$146,670, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In May 2016, the investment general partner transferred its interest in Paris Place Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,065,498 and cash proceeds to the investment partnership of $80,000. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $75,000 were returned to cash reserves held by Series 36. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $75,000 as of June 30, 2016.

 

In May 2016, the investment general partner transferred its interest in Valleyview Estates, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $259,710 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $45,000 were returned to cash reserves held by Series 36. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $45,000 as of June 30, 2016.

 

In March 2016, the operating general partner of Wedgewood Park Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 14, 2016. The sales price of the property was $13,900,000, which included the outstanding mortgage balance of approximately $4,364,386 and cash proceeds to the investment partnerships of $2,333,553 and $2,333,553 for Series 35 and Series 36, respectively. Of the total proceeds received by the investment partnerships, $37,500 and $37,500 for Series 35 and Series 36, respectively, represents reporting fees due to an affiliate of the investment partnerships and the balance represents proceeds from the sale. Of the remaining proceeds, $1,250 and $1,250 for Series 35 and Series 36, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $2,294,803 and $2,294,803 for Series 35 and Series 36, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $2,294,803 and $2,294,803 for Series 35 and Series 36, respectively, as of June 30, 2016. In September 2016, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $85,949 and $85,949 for Series 35 and Series 36, respectively, which were returned to the cash reserves held by the Series. In January 2017, the investment partnership received additional proceeds for its share of the Operating Partnership's cash in the amount of $12,121 and $12,121 for Series 35 and Series 36, respectively, which were returned to the cash reserves held by the Series.

 

In June 2016, the investment general partner of Series 36 and Series 37 transferred their respective interests in Senior Suites Chicago Washington Heights Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $4,321,470 and cash proceeds to the investment partnerships of $5,000 and $5,000 for Series 36 and Series 37, respectively. Of the total proceeds received, $2,500 and $2,500 for Series 36 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $2,500 and $2,500 for Series 36 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $2,500 and $2,500 for Series 36 and Series 37, respectively, as of June 30, 2016.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Wingfield Apartments Limited Partnership

Ashton Ridge L.D.H.A., L.P.

 

Series 37

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties1 property at September 30,December 31, 2017, all of which werewas at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 37 reflects a net loss from Operating Partnerships of $(71,880)$(88,845) and $(308,855)$(463,828), respectively, which includes depreciation and amortization of $139,403$197,321 and $459,576,$622,199, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2016, the investment general partner transferred their respective interests in Baldwin Villas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $5,226,317 and no cash proceeds to the investment partnerships and no cash proceeds returned to the cash reserves held by Series 37, Series 40 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership has been recorded as of December 31, 2016.

 

In June 2016, the investment general partner of Series 36 and Series 37 transferred their respective interests in Senior Suites Chicago Washington Heights Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $4,321,470 and cash proceeds to the investment partnerships of $5,000 and $5,000 for Series 36 and Series 37, respectively. Of the total proceeds received, $2,500 and $2,500 for Series 36 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $2,500 and $2,500 for Series 36 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $2,500 and $2,500 for Series 36 and Series 37, respectively, as of June 30, 2016.

 

In September 2016, the investment general partner transferred its interest in FAH Silver Pond Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $2,695,732 and cash proceeds to the investment partnership of $1,932,139. The proceeds of approximately $1,932,139 were returned to cash reserves held by Series 37. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded in the amount of $1,932,139 as of September 30, 2016.

 

In November 2016, the operating general partner of Columbia Woods, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on February 6, 2017. The sales price of the property was $7,450,000, which included the outstanding mortgage balance of approximately $3,865,108 and cash proceeds to the investment partnerships of $168,307 and $422,243 for Series 35 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $2,850 and $7,150 for Series 35 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $165,457 and $415,093 for Series 35 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $165,457 and $415,093 for Series 35 and Series 37, respectively, as of March 31, 2017.

 

In October 2017, the investment general partner transferred their respective interests in Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $435,500 and cash proceeds to the investment partnerships of $1,583 and $3,295 for Series 33 and Series 37, respectively. Of the total proceeds received, $633 and $1,318 for Series 33 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $950 and $1,977 for Series 33 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $950 and $1,977 for Series 33 and Series 37, respectively, as of December 31, 2017.

The investment general partner will continue to monitor the following Operating PartnershipsPartnership because of operational or other issues. However, thesethis Operating Partnerships havePartnership has all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Stearns Assisted Housing Associates, LP

Ashton Ridge L.D.H.A., L.P.

 

Series 38

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30,December 31, 2017, all of which were at 100% qualified occupancy.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 38 reflects a net loss from Operating Partnerships of $(52,119)$(78,178) and $(110,444)$(204,413), respectively, which includes depreciation and amortization of $186,314$279,470 and $420,171,$583,791, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In November 2016, the operating general partner of Columbia Creek, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on January 3, 2017. The sales price of the property was $12,700,000, which included the outstanding mortgage balance of approximately $4,897,221 and cash proceeds to the investment partnerships of $1,112,310 and $1,157,711 for Series 38 and Series 39, respectively. Of the total proceeds received by the investment partnerships, $4,900 and $5,100 for Series 38 and Series 39, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,107,410 and $1,152,611 for Series 38 and Series 39, respectively, were returned to cash reserves held by Series 38 and Series 39, respectively. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,107,410 and $1,152,611 for Series 38 and Series 39, respectively, as of March 31, 2017.

 

In June 2016, the operating general partner of Andover Housing Associates Limited Partnership entered into an agreement to sell the property to a non-affiliated third party buyer and the transaction closed on November 15, 2016. The sales price of the property was $4,402,000, which included the outstanding mortgage balance of approximately $2,136,141 and cash proceeds to the investment partnership of $1,790,410. Of the total proceeds received by the investment partnership, $2,500 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,787,910 was returned to cash reserves held by Series 38. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,787,910 as of December 31, 2016.

 

In December 2016, the investment general partner transferred its interest in Edna Vanderbilt, LP, A Texas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $216,530 and cash proceeds to the investment partnership of $9,600. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,100 were returned to cash reserves held by Series 38. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,100 as of December 31, 2016.

 

In October 2016, the operating general partner of Arbors at Eagle Crest LDHA LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on January 26, 2017. The sales price of the property was $3,700,000, which included the outstanding mortgage balance of approximately $2,078,128 and cash proceeds to the investment partnerships of $377,821 and $377,821 for Series 38 and Series 39, respectively. Of the total proceeds received by the investment partnerships, $6,543 and $6,543 for Series 38 and Series 39, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $371,278 and $371,278 for Series 38 and Series 39, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $371,278 and $371,278 for Series 38 and Series 39, respectively, as of March 31, 2017.

 

Series 39

As of September 30, 2017 andDecember 31, 2016, the average Qualified Occupancy for the series was 100%.The series had a totaldid not have any properties as of 1 property at September 30, 2017, which was at 100% Qualified Occupancy.December 31, 2017.

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 39 reflects net loss from Operating Partnerships of $(6,699)$- and $(79,486)$(101,698), respectively, which includes depreciation and amortization of $14,546$- and $172,026,$243,036, respectively. This is an interim period estimate; it is not indicative of the final year end results.

 

In November 2016, the operating general partner of Columbia Creek, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on January 3, 2017. The sales price of the property was $12,700,000, which included the outstanding mortgage balance of approximately $4,897,221 and cash proceeds to the investment partnerships of $1,112,310 and $1,157,711 for Series 38 and Series 39, respectively. Of the total proceeds received by the investment partnerships, $4,900 and $5,100 for Series 38 and Series 39, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,107,410 and $1,152,611 for Series 38 and Series 39, respectively, were returned to cash reserves held by Series 38 and Series 39, respectively. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,107,410 and $1,152,611 for Series 38 and Series 39, respectively, as of March 31, 2017

 

In May 2016, the investment general partner transferred its interest in Hillview, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $771,823 and cash proceeds to the investment partnership of $25,500. Of the total proceeds received, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $22,500 were returned to cash reserves held by Series 39. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $22,500 as of June 30, 2016.

 

In July 2016, the investment general partner transferred its interest in Daystar Village, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $634,353 and cash proceeds to the investment partnership of $75,000. Of the total proceeds received, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $70,500 were returned to cash reserves held by Series 39. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $70,500 as of September 30, 2016.

In August 2016, the investment general partner transferred its interest in Tally Ho Apartments Partnership, A Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $479,836 and cash proceeds to the investment partnership of $22,100. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $17,100 were returned to cash reserves held by Series 39. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,100 as of September 30, 2016.

 

In July 2016, the investment general partner transferred its interest in Austin Acres, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $793,420 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $12,000 were returned to cash reserves held by Series 39. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $12,000 as of September 30, 2016.

 

In October 2016, the operating general partner of Arbors at Eagle Crest LDHA LP entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on January 26, 2017. The sales price of the property was $3,700,000, which included the outstanding mortgage balance of approximately $2,078,128 and cash proceeds to the investment partnerships of $377,821 and $377,821 for Series 38 and Series 39, respectively. Of the total proceeds received by the investment partnerships, $6,543 and $6,543 for Series 38 and Series 39, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $371,278 and $371,278 for Series 38 and Series 39, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $371,278 and $371,278 for Series 38 and Series 39, respectively, as of March 31, 2017.

In December 2017, the investment general partner transferred its interest in Timber Trails I Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $717,617 and cash proceeds to the investment partnership of $22,779. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $17,779 were returned to cash reserves held by Series 39. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,779 as of December 31, 2017.

 

Series 40

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 9 properties at September 30,December 31, 2017, all of which at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 40 reflects a net loss from Operating Partnerships of $(333,738)$(501,422) and $(250,861)$(349,637), respectively, which includes depreciation and amortization of $335,439$493,185 and $434,196,$610,754, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2016, the investment general partner transferred their respective interests in Baldwin Villas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $5,226,317 and no cash proceeds to the investment partnerships and no cash proceeds returned to the cash reserves held by Series 37, Series 40 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership has been recorded as of December 31, 2016.

 

In May 2016, the investment general partner transferred its interest in Londontown Homes, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $385,627 and cash proceeds to the investment partnership of $25,000. Of the total proceeds received, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $20,500 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $20,500 as of June 30, 2016.

 

In July 2016, the investment general partner transferred its interest in Southbrook Homes, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $333,131 and cash proceeds to the investment partnership of $32,500. Of the total proceeds received, $4,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $28,500 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $28,500 as of September 30, 2016.

 

In January 2017, the investment general partner transferred its interest in Azle Fountainhead, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $924,937 and cash proceeds to the investment partnership of $47,200. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $44,700 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $44,700 as of March 31, 2017.

 

In August 2017, the investment general partner transferred their respective interests in Springfield Metro, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $23,195,469 and cash proceeds to the investment partnerships of $589,289 and $720,242 for Series 40 and Series 41, respectively. Of the total proceeds received, $337 and $413 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $588,952 and $719,829 for Series 40 and Series 41, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $588,952 and $719,829 for Series 40 and Series 41, respectively, as of September 30, 2017.

 

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

 

MA No 2

Center Place Apartments II Limited Partnership

Oakland Partnership

 

Series 41

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 1614 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 41 reflects a net loss from Operating Partnerships of $(317,875)$(464,495) and $(260,152)$(407,379), respectively, which includes depreciation and amortization of $613,670$893,311 and $678,310,$1,017,190, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

Harbor Pointe II/MHT LDHA Limited Partnership (Harbor Pointe II Apartments) is a 72-unit family property located in Benton Harbor, MI. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period will expire on December 31, 2017.

Harbor Pointe II/MHT LDHA Limited Partnership (Harbor Pointe II Apartments) is a 72-unit family property located in Benton Harbor, MI. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period expired on December 31, 2017.

 

In March 2017, the investment general partner transferred its interest in Sunshine Village Apartments, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $680,145 and cash proceeds to the investment partnership of $75,000. Of the total proceeds received, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $70,500 were returned to cash reserves held by Series 41. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $70,500 as of March 31, 2017.

 

In August 2017, the investment general partner transferred their respective interests in Springfield Metro, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $23,195,469 and cash proceeds to the investment partnerships of $589,289 and $720,242 for Series 40 and Series 41, respectively. Of the total proceeds received, $337 and $413 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $588,952 and $719,829 for Series 40 and Series 41, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $588,952 and $719,829 for Series 40 and Series 41, respectively, as of September 30, 2017.

 

In December 2017, the investment general partner transferred its interest in Bienville Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $677,463 and cash proceeds to the investment partnership of $18,179. Of the total proceeds received, $1,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $17,179 were returned to cash reserves held by Series 41. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,179 as of December 31, 2017.

In December 2017, the investment general partner transferred its interest in Red Hill Apartments I Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $753,606 and cash proceeds to the investment partnership of $46,879. Of the total proceeds received, $1,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $45,879 were returned to cash reserves held by Series 41. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $45,879 as of December 31, 2017.

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, will paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

 

Bienville Partnership, A L.P.

San Diego/Fox Hollow, LP

 

Series 42

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 1513 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 42 reflects a net loss from Operating Partnerships of $(417,273)$(595,763) and $(375,695)$(601,431), respectively, which includes depreciation and amortization of $560,944$801,778 and $558,935,$844,726, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

Harbor Pointe II/MHT LDHA Limited Partnership (Harbor Pointe II Apartments) is a 72-unit family property located in Benton Harbor, MI. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period will expireexpired on December 31, 2017.

 

New Chester Townhouses II, A Limited Partnership (Chester Townhouses Phase II Apartments) is a 52-unit family property in Chester, SC. The low income housing tax credit compliance period expires on December 31, 2021. As the property has stabilized and is now operating above breakeven,In November 2017, the investment general partner will cease reporting for New Chester Townhouses II, Atransferred their respective interests in Dorchester Court LDHA Limited Partnership subsequent to September 30,an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,993,006 and cash proceeds to the investment partnerships of $230,000 and $230,000 for Series 42 and Series 43, respectively. Of the total proceeds received, $4,500 and $4,500 for Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $225,500 and $225,500 for Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $225,500 and $225,500 for Series 42 and Series 43, respectively, as of December 31, 2017.

In December 2017,. the investment general partner transferred its interest in Natchez Place Apartments II Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $726,453 and cash proceeds to the investment partnership of $37,779. Of the total proceeds received, $1,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $36,779 were returned to cash reserves held by Series 42. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $36,779 as of December 31, 2017.

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, will paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

 

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

 

San Diego/Fox Hollow LP.

Wingfield Apartments Partnership II, LP

 

Series 43


As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 1918 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 43 reflects a net loss from Operating Partnerships of $(544,742)$(792,307) and $(522,395)$(815,731), respectively, which includes depreciation and amortization of $863,189$1,263,725 and $875,902,$1,312,092, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

New Chester Townhouses II, A Limited Partnership (Chester Townhouses Phase II Apartments) is a 52-unit family property in Chester, SC. The low income housing tax credit compliance period expires on December 31, 2021. As the property has stabilized and is now operating above breakeven,In November 2017, the investment general partner will cease reporting for New Chester Townhouses II, Atransferred their respective interests in Dorchester Court LDHA Limited Partnership subsequent to September 30, 2017.an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,993,006 and cash proceeds to the investment partnerships of $230,000 and $230,000 for Series 42 and Series 43, respectively. Of the total proceeds received, $4,500 and $4,500 for Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $225,500 and $225,500 for Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $225,500 and $225,500 for Series 42 and Series 43, respectively, as of December 31, 2017.

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, will paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

 

The investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have exited its LIHTC compliance period and there is therefore no risk to past credit delivery.

 

San Diego/Fox Hollow LP.

Parkside Plaza, LLP

 

Series 44

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy was 100%. The series had a total of 7 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 44 reflects a net loss from Operating Partnerships of $(119,466)$(179,199) and $(96,020)$(164,940), respectively, which includes depreciation and amortization of $683,908$1,025,862 and $727,408,$1,079,209, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

United Development CO. 2001 LP (Memphis 102) is a 102-unit single family home scattered site development, located in Memphis, TN. In September 2013, the court-appointed receiver for the Operating Partnership entered into an agreement to sell the property to a third-party buyer for $1,173,000; the sale transaction closed on November 26, 2013. After payment of the outstanding real estate taxes, the remaining proceeds of $210,000 were paid to the first mortgage lender. There were no cash proceeds to the investment partnership. The buyer agreed to operate the property in accordance with the land use and regulatory agreement as well as Section 42 of the Tax Code; therefore, resulting in no tax credit recapture or interest penalties for the investment limited partner stemming from the sale. The investment limited partners will; however, lose federal tax credits in 2013 and 2014 totaling $30,660 and $131,253, respectively, in addition to the recapture in 2012 totaling $281,707, equivalent to $104 per 1,000 BACs. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership has been recorded. Despite the sale of the property, the low income housing tax credit compliance period for the tax credits received remains unchanged and will expire on December 31, 2018.

 

United Development Limited Partnership 2001 (Families First II) is a 66-unit single family house development located in West Memphis, AR. Due to low occupancy, deferred maintenance, high operating expenses and high debt service, the partnership operates below breakeven. The operating general partner, whose operating deficit guarantee has expired, provides limited oversight of property operations. For the most part, it was the third party property management company and the investment general partner who directed property operations starting in January 2014. Beginning in the fourth quarter of 2013 and continuing through October 23, 2015, the investment limited partner had advanced $201,849 from fund reserves to Families First II to finance operating deficits. No further advances were made by the investment limited partner during the remainder of the fourth quarter of 2015 or during the first half of 2016. Starting in November 2015, mortgage payments were not made by the Operating Partnership. As a result, the lender issued a default notice on December 8, 2015, and accelerated payment of the mortgage note. On February 10, 2016 the court appointed a receiver to manage the property. The foreclosure on the property occurred on July 21, 2016. The tax credit recapture costs and interest penalties as a result of the foreclosure sale is estimated at $780,762. This is equivalent to recapture costs and interest penalties of $289 per 1,000 BACs. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain or loss on the foreclosure of the Operating Partnership has been reported. Note that the 15-year low income housing tax credit compliance period for Families First II would have expired on December 31, 2018.

 

Series 45

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 27 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 45 reflects a net loss from Operating Partnerships of $(396,870)$(595,305) and $(426,886)$(617,554), respectively, which includes depreciation and amortization of $984,440$1,476,660 and $1,005,493$1,506,167 respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2016, the investment general partner transferred their respective interests in Baldwin Villas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $5,226,317 and no cash proceeds to the investment partnerships and no cash proceeds returned to the cash reserves held by Series 37, Series 40 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership has been recorded as of December 31, 2016.

 

Brookside Square Limited Partnership (Brookside Square Apartments) is a 32-unit property located in Boykins, VA. On June 18, 2017 a guest of the property, while trying to park the car, drove into unit 202 causing significant structural damage. There were no injuries reported, and as a result of the accident units 202 and 203 were condemned by the building inspector. One resident was evicted as a result of the accident and one resident was relocated to a vacant unit. The property is seeking reimbursement through the owner's car insurance policy to cover the damage. The management agent hired a contractor to complete the repairs at a cost of $20,443. The work started October 3, 2017 and is scheduled to complete in 30 days.completed on November 3, 2017. The units will be inspected before management can re-occupyproperty received full reimbursement for the units. Insurance will also reimburse the site forclaim, and loss of rents.rents in the amount of $2,108. The Operating Partnership will operateproperty operated above breakeven once the proceeds to offset the repair costs are received. The property was 87.5% occupiedwith occupancy of 94% as of September 30,December 31, 2017. The investment general partner will continue to work with the operating general partner and the management company to monitor the work currently in progress. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period with will expire on December 31, 2018. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Brookside Square Limited Partnership subsequent to December 31, 2017.

 

Jefferson Housing, LP (Jefferson House) is a 101-unit property located in Lynchburg, VA. Due to a workout agreement with the Lender, VHDA, the property was operating above breakeven. However, the workout agreement ended May 1, 2016. As of September, 2017, the property is 99% occupied. Despite high occupancy theThe property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations in conjunction with the Virginia Housing Development Authority. The operating general partner's has an unlimited operating deficit guarantee. The low income housing tax credit compliance period expires on December 31, 2019.

 

Harbor Pointe II/MHT LDHA Limited Partnership (Harbor Pointe II Apartments) is a 72-unit family property located in Benton Harbor, MI. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period with will expireexpired on December 31, 2017.

 

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2016 due to high operating expenses. An increase in legal expensescosts and a drop in occupancy at the beginning of 2017 caused below breakeven operations to continue through the third quarter. However, occupancyOccupancy improved to 100%98% in SeptemberDecember 2017 and is averagingaveraged 96% for the year. Increased revenues combined with a decrease in operating expenses in the fourth quarter allowed the property to operate slightly above breakeven. The investment general partner will continue to work with the operating general partner and the management company to improvemaintain improved operations. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021.

 

Borger Fountainhead L.P. (La Mirage Apartments) is a 48-unit family property in Borger, Texas. The property operated below breakeven in 2016 due to high maintenance and administrative expenses and low occupancy. Occupancy has improved to 91%93% in 2017 and maintenance and administrative expenses have both decreased. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period will expire on December 31, 2018. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Borger Fountainhead, Limited Partnership subsequent to December 31, 2017.

 

Heritage Christian Home III, L.P. (Heritage Christian Home III, LP) is a 12-unit assisted living single room occupancy property for adults with developmental disabilities located in Rochester, NY. The property operated below breakeven in 2016 due to the allocation of staff salaries that had not been previously allocated to the property. Previously the salaries were funded by the operating general partner and guarantor. The staffs' salaries are now allocated to the property and any resulting operating deficits will be funded by the operating general partner. Due to the increased administrative expense, the property continued to operate below breakeven in 2017. The operating general partners operating deficit guarantee is unlimited in time and amount. The 15-year low income housing tax credit compliance period for Heritage Christian Home III, LP expiresexpired on December 31, 2017.

 

Reese I Limited Partnership (Reese Village Apartments) is a 40-unit property located in Emporia, VA. The property is operatingoperated below breakeven in 2017 with occupancy of 90%93% as of September 30,December 31, 2017. The property is aging, and requiring significant replacements and repairs for each unit turn. On May 27, 2017, a pipe burst in a unit and floodedturn, which is the unit. Adjacent units also incurred water damage. Noneleading cause of the residents were displaced,below breakeven operations. Management also replaced the manager and allmaintenance man for poor performance in 2017. With a new on-site management team in place, and more careful monitoring of expenses, the property will work was completed on June 1, 2017. As the repair was done so quickly, there will be no 8823s issued. Management filed the claim in July with the insurance company for water damage and debris removal. The total claim amount is $3,956. Total proceeds received, less the $1,000 deductible, was $2,956.towards breakeven operations. The investment general partner will work with the operating general partner on ways to improve resident retention efforts.reduce operating expenses. The operating general partner's operating deficit guaranteed has expired. The 15-year low income housing tax credit compliance period will expire on December 31, 2019.

 

Series 46

As of September 30,December 31, 2017 and 2016, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at September 30,December 31, 2017, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2017 and 2016, Series 46 reflects a net loss from Operating Partnerships of $(188,138)$(282,209) and $(305,655)$(443,001), respectively, which includes depreciation and amortization of $571,780$857,671 and $686,230,$976,513, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

Panola Housing Ltd. (Panola Apartments) is a 32-unit family property in Carthage, TX. The property operated below breakeven in 2016 andlargely due to high operating expenses. The property continued to operate below breakeven through the thirdfourth quarter of 2017. High operating expenses continue to be an issue atare the property.main cause of the below breakeven operations. The investment general partner continues to work with the operating general partner and the management company to ensure stabilized property operations.reduce expenses. The operating general partners operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period expires on December 31, 2018.

 

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2016 due to high operating expenses. An increase in legal expensescosts and a drop in occupancy at the beginning of 2017 caused below breakeven operations to continue through the third quarter. However, occupancyOccupancy improved to 100%98% in SeptemberDecember 2017 and is averagingaveraged 96% for the year. Increased revenues combined with a decrease in operating expenses in the fourth quarter allowed the property to operate slightly above breakeven. The investment general partner will continue to work with the operating general partner and the management company to improvemaintain improved operations. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021.

 

Linden-Shawnee Partners, Limited Partnership (Linden's Apartments) is a 54-unit family property in Shawnee, OK. Operations were below breakeven in 2016, largely due to management's inability to increase rents and retain current tenants, while incurring additional operating expenses. The investment general partner will continue to work with the operating general partner and management company to improve occupancy and overall operations. The operating general partner's operating deficit guarantee expires on December 31, 2020. The 15-year low income housing tax credit compliance period expires on December 31, 2020.

 

On November 22, 2016, the operating general partner of Agent Kensington Limited Partnership sold the property to an unrelated third party buyer. The sales price of the property was $6,625,000, which included the outstanding mortgage balance of approximately $4,023,594 and cash proceeds to the investment partnership of $398,183. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $393,183 were returned to cash reserves held by Series 46. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $393,183 as of December 31, 2016. In December 2017, the investment partnership received additional proceeds equal to its share of the Operating Partnership's cash in the amount of $10,994 which was returned to the cash reserves.

 

Saint Martin Apartments, L.P. (Saint Martin Apartments) is a 40-unit family property in McComb, MS. The property operated slightly above breakeven in 2016 but is operatingoperated below breakeven through the thirdfourth quarter of 2017, mainly due to low occupancy. The investment limited partner will continue to work with the operating general partner on improving occupancy and will monitor operations. The 15-year low income housing tax credit compliance period for Saint Martin Apartments, L.P. expires on December 31, 2020.

 

Off Balance Sheet Arrangements

 

None.

 

 

Principal Accounting Policies and Estimates

 

The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), which require the Fund to make various estimates and assumptions. The following section is a summary of some aspects of those accounting policies that may require subjective or complex judgments and are most important to the portrayal of the Fund's financial condition and results of operations. The Fund believes that there is a low probability that the use of different estimates or assumptions in making these judgments would result in materially different amounts being reported in the financial statements.

 

The Fund is required to assess potential impairments to its long-lived assets, which are primarily investments in limited partnerships. The Fund accounts for its investment in limited partnerships in accordance with the equity method of accounting since the Fund does not control the operations of the Operating Partnerships. The purpose of an impairment analysis is to verify that the real estate investment balance reflected on the balance sheet does not exceed the value of the underlying investments.

 

If the book value of the Fund's investment in an Operating Partnership exceeds the estimated value derived by management, which generally consists of the remaining future Low-Income Housing Credits allocable to the Fund and the estimated residual value to the Fund, the Fund reduces its investment in the Operating Partnership.

 

The main reason an impairment loss typically occurs is that the annual operating losses, recorded in accordance with the equity method of accounting, of the investment in limited partnership does not reduce the balance as quickly as the annual use of the tax credits. In years prior to the year ended March 31, 2009, management included remaining tax credits as well as residual value in the calculated value of the underlying investments. However, management decided to take a more conservative approach to the investment calculation and determined that the majority of the residual value component of the valuation was zero for the years ended March 31, 2017 and 2016. However, it is important to note that this change in the accounting estimate to the calculation method of the impairment loss has no effect on the actual value or performance of the overall investment, nor does it have any effect on the remaining credits to be generated.

 

In accordance with the accounting guidance for the consolidation of variable interest entities, the Fund determines when it should include the assets, liabilities, and activities of a variable interest entity (VIE) in its financial statements, and when it should disclose information about its relationship with a VIE. The analysis that must be performed to determine which entity should consolidate a VIE focuses on control and economic factors.  A VIE is a legal structure used to conduct activities or hold assets, which must be consolidated by a company if it is the primary beneficiary because it has (1) the power to direct the activities of the VIE that most significantly impact the VIE's economic performance and (2) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. If multiple unrelated parties share such power, as defined, no party will be required to consolidate the VIE. Further, the guidance requires continual reconsideration of the primary beneficiary of a VIE. 













Principal Accounting Policies and Estimates - continued

 

Based on this guidance, the Operating Partnerships in which the Fund invests meet the definition of a VIE because the owners of the equity at risk in these entities do not have the power to direct their operations.  However, management does not consolidate the Fund's interests in these VIEs, as it is not considered to be the primary beneficiary since it does not have the power to direct the activities that are considered most significant to the economic performance of these entities.  The Fund currently records the amount of its investment in these partnerships as an asset on its balance sheets, recognizes its share of partnership income or losses in the statements of operations, and discloses how it accounts for material types of these investments in its financial statements. The Fund's balance in investment in Operating Partnerships, advances made to Operating Partnerships, plus the risk of recapture of tax credits previously recognized on these investments, represents its maximum exposure to loss.  The Fund's exposure to loss on these partnerships is mitigated by the condition and financial performance of the underlying Housing Complexes as well as the strength of the general partners and their guarantee against credit recapture to the investors of the Fund.

 

 

 

 

 

 

 

 

 

 

 

 




















 

 

 

 

 




 

 

 

 

Item 3

Quantitative and Qualitative Disclosures About Market Risk

  
 

Not Applicable

 

Item 4

Controls and Procedures

   
 

(a)

Evaluation of Disclosure Controls and Procedures

  

 

As of the end of the period covered by this report, the Fund's general partner, under the supervision and with the participation of the Principal Executive Officer and Principal Financial Officer of C&M Management Inc., carried out an evaluation of the effectiveness of the Fund's "disclosure controls and procedures" as defined under the Securities Exchange Act of 1934 Rules 13a-15 and 15d-15 with respect to each series individually, as well as the Fund as a whole. Based on that evaluation, the Fund's Principal Executive Officer and Principal Financial Officer have concluded that as of the end of the period covered by this report, the Fund's disclosure controls and procedures were effective to ensure that information relating to any series or the Fund as a whole required to be disclosed by it in the reports that it files or submits under the Securities Exchange Act of 1934 (i) is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and (ii) is accumulated and communicated to the Fund's management, including the Fund's Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure with respect to each series individually, as well as the Fund as a whole.

 

(b)

Changes in Internal Controls

   
  

There were no changes in the Fund's internal control over financial reporting that occurred during the quarter ended September 30,December 31, 2017 that materially affected, or are reasonably likely to materially affect, the Fund's internal control over financial reporting.

 

 

 

PART II - OTHER INFORMATION

Item 1.

Legal Proceedings

  
 

None

  

Item 1A.

Risk Factors

  
 

There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, 2017.

  

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

  
 

None

  

Item 3.

Defaults Upon Senior Securities

  
 

None

  

Item 4.

Mine Safety Disclosures

  
 

Not Applicable

  

Item 5.

Other Information

  
 

None

Item 6.

Exhibits 

  
  

31.a Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith

  
  

31.b Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith

  
  

32.a Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith

   
  

32.b Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith

  
  

101. The following materials from the Boston Capital Tax Credit Fund IV L.P. Quarterly Report on Form 10-Q for the quarterly period ended September 30,December 31, 2017 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herein

  

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

 

Boston Capital Tax Credit Fund IV L.P.  

 

By:

Boston Capital Associates IV L.P.
General Partner

  
 
 

By:

BCA Associates Limited Partnership
General Partner

 

By:

C&M Management, Inc.
General Partner

   

Date: NovemberFebruary 13, 20172018

 

By:

/s/ John P. Manning
John P. Manning

   
   

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Fund and in the capacities and on the dates indicated:

DATE:

SIGNATURE:

TITLE:

NovemberFebruary 13, 20172018

/s/ John P. Manning

Director, President (Principal Executive Officer), C&M Management, Inc.; Director, President (Principal Executive Officer) BCTC IV Assignor Corp.

 

John P. Manning

  
  
  
  
  
   

NovemberFebruary 13, 20172018

/s/ Marc N. Teal

Marc N. Teal

Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) C&M Management Inc.; Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) BCTC IV Assignor Corp.