Document And Entity Information
Document And Entity Information | 3 Months Ended |
Jun. 30, 2016shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2016 |
Document Fiscal Year Focus | 2,017 |
Document Fiscal Period Focus | Q1 |
Entity Registrant Name | BOSTON CAPITAL TAX CREDIT FUND IV LP |
Entity Central Index Key | 913,778 |
Current Fiscal Year End Date | --03-31 |
Entity Filer Category | Smaller Reporting Company |
Entity Common Stock, Shares Outstanding | 0 |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Jun. 30, 2016 | Mar. 31, 2016 |
OTHER ASSETS | ||
Cash and cash equivalents | $ 24,295,346 | $ 21,728,069 |
Notes receivable | 22,790 | 22,790 |
Other assets | 164,773 | 164,773 |
ASSETS | 24,482,909 | 21,915,632 |
LIABILITIES | ||
Accounts payable and accrued expenses | 669,179 | 685,806 |
Accounts payable affiliates (Note C) | 44,818,860 | 49,270,814 |
Capital contributions payable | 578,113 | 578,113 |
LIABILITIES | 46,066,152 | 50,534,733 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (14,324,884) | (21,290,383) |
General Partner | (7,258,359) | (7,328,718) |
PARTNERS' CAPITAL (DEFICIT) | (21,583,243) | (28,619,101) |
Liabilities and Stockholders' Equity | 24,482,909 | 21,915,632 |
Series Twenty [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 173,645 | 180,896 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 173,645 | 180,896 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,450,297 | 1,442,059 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,450,297 | 1,442,059 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (955,633) | (940,299) |
General Partner | (321,019) | (320,864) |
PARTNERS' CAPITAL (DEFICIT) | (1,276,652) | (1,261,163) |
Liabilities and Stockholders' Equity | 173,645 | 180,896 |
Series Twenty One [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 419,285 | 425,168 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 419,285 | 425,168 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,463,083 | 1,460,365 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,463,083 | 1,460,365 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (871,409) | (862,894) |
General Partner | (172,389) | (172,303) |
PARTNERS' CAPITAL (DEFICIT) | (1,043,798) | (1,035,197) |
Liabilities and Stockholders' Equity | 419,285 | 425,168 |
Series Twenty Two [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 288,704 | 295,650 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 288,704 | 295,650 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,826,991 | 2,819,689 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,826,991 | 2,819,689 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (2,293,821) | (2,279,715) |
General Partner | (244,466) | (244,324) |
PARTNERS' CAPITAL (DEFICIT) | (2,538,287) | (2,524,039) |
Liabilities and Stockholders' Equity | 288,704 | 295,650 |
Series Twenty Three [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 216,449 | 219,677 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 216,449 | 219,677 |
LIABILITIES | ||
Accounts payable and accrued expenses | 995 | 0 |
Accounts payable affiliates (Note C) | 2,061,864 | 2,052,312 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,062,859 | 2,052,312 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (1,543,099) | (1,529,462) |
General Partner | (303,311) | (303,173) |
PARTNERS' CAPITAL (DEFICIT) | (1,846,410) | (1,832,635) |
Liabilities and Stockholders' Equity | 216,449 | 219,677 |
Series Twenty Four [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 486,690 | 502,552 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 486,690 | 502,552 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 661,075 | 676,778 |
General Partner | (174,385) | (174,226) |
PARTNERS' CAPITAL (DEFICIT) | 486,690 | 502,552 |
Liabilities and Stockholders' Equity | 486,690 | 502,552 |
Series Twenty Five [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 381,276 | 395,797 |
Notes receivable | 0 | 0 |
Other assets | 1,250 | 1,250 |
ASSETS | 382,526 | 397,047 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 602,317 | 616,693 |
General Partner | (219,791) | (219,646) |
PARTNERS' CAPITAL (DEFICIT) | 382,526 | 397,047 |
Liabilities and Stockholders' Equity | 382,526 | 397,047 |
Series Twenty Six [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 773,818 | 809,362 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 773,818 | 809,362 |
LIABILITIES | ||
Accounts payable and accrued expenses | 4,960 | 4,960 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 4,960 | 4,960 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 1,079,512 | 1,114,701 |
General Partner | (310,654) | (310,299) |
PARTNERS' CAPITAL (DEFICIT) | 768,858 | 804,402 |
Liabilities and Stockholders' Equity | 773,818 | 809,362 |
Series Twenty Seven [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 3,836,295 | 899,636 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 3,836,295 | 899,636 |
LIABILITIES | ||
Accounts payable and accrued expenses | 5,000 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 5,000 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 3,999,429 | 1,097,087 |
General Partner | (168,134) | (197,451) |
PARTNERS' CAPITAL (DEFICIT) | 3,831,295 | 899,636 |
Liabilities and Stockholders' Equity | 3,836,295 | 899,636 |
Series Twenty Eight [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 871,823 | 884,427 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 871,823 | 884,427 |
LIABILITIES | ||
Accounts payable and accrued expenses | 2,500 | 7,500 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,500 | 7,500 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 1,142,467 | 1,149,995 |
General Partner | (273,144) | (273,068) |
PARTNERS' CAPITAL (DEFICIT) | 869,323 | 876,927 |
Liabilities and Stockholders' Equity | 871,823 | 884,427 |
Series Twenty Nine [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 421,422 | 618,758 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 421,422 | 618,758 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 3,445,551 | 3,578,505 |
Capital contributions payable | 8,235 | 8,235 |
LIABILITIES | 3,453,786 | 3,586,740 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (2,663,393) | (2,599,655) |
General Partner | (368,971) | (368,327) |
PARTNERS' CAPITAL (DEFICIT) | (3,032,364) | (2,967,982) |
Liabilities and Stockholders' Equity | 421,422 | 618,758 |
Series Thirty [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 305,267 | 304,293 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 305,267 | 304,293 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,589,713 | 1,572,292 |
Capital contributions payable | 105,139 | 105,139 |
LIABILITIES | 1,694,852 | 1,677,431 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (1,148,634) | (1,132,351) |
General Partner | (240,951) | (240,787) |
PARTNERS' CAPITAL (DEFICIT) | (1,389,585) | (1,373,138) |
Liabilities and Stockholders' Equity | 305,267 | 304,293 |
Series Thirty One [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 1,304,153 | 1,351,761 |
Notes receivable | 0 | 0 |
Other assets | 25,000 | 25,000 |
ASSETS | 1,329,153 | 1,376,761 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 3,000 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 66,294 | 66,294 |
LIABILITIES | 66,294 | 69,294 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 1,629,489 | 1,673,651 |
General Partner | (366,630) | (366,184) |
PARTNERS' CAPITAL (DEFICIT) | 1,262,859 | 1,307,467 |
Liabilities and Stockholders' Equity | 1,329,153 | 1,376,761 |
Series Thirty Two [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 965,224 | 1,061,685 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 965,224 | 1,061,685 |
LIABILITIES | ||
Accounts payable and accrued expenses | 7,000 | 7,000 |
Accounts payable affiliates (Note C) | 3,310,345 | 3,366,055 |
Capital contributions payable | 1,229 | 1,229 |
LIABILITIES | 3,318,574 | 3,374,284 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (1,923,453) | (1,883,110) |
General Partner | (429,897) | (429,489) |
PARTNERS' CAPITAL (DEFICIT) | (2,353,350) | (2,312,599) |
Liabilities and Stockholders' Equity | 965,224 | 1,061,685 |
Series Thirty Three [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 1,267,858 | 1,266,455 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 1,267,858 | 1,266,455 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,041,634 | 2,025,236 |
Capital contributions payable | 69,154 | 69,154 |
LIABILITIES | 2,110,788 | 2,094,390 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (608,721) | (593,876) |
General Partner | (234,209) | (234,059) |
PARTNERS' CAPITAL (DEFICIT) | (842,930) | (827,935) |
Liabilities and Stockholders' Equity | 1,267,858 | 1,266,455 |
Series Thirty Four [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 426,004 | 674,173 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 426,004 | 674,173 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 3,335,751 | 3,603,434 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 3,335,751 | 3,603,434 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (2,580,260) | (2,599,579) |
General Partner | (329,487) | (329,682) |
PARTNERS' CAPITAL (DEFICIT) | (2,909,747) | (2,929,261) |
Liabilities and Stockholders' Equity | 426,004 | 674,173 |
Series Thirty Five [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 3,096,274 | 1,693,223 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 3,096,274 | 1,693,223 |
LIABILITIES | ||
Accounts payable and accrued expenses | 1,250 | 0 |
Accounts payable affiliates (Note C) | 1,595,878 | 2,494,235 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,597,128 | 2,494,235 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 1,766,179 | (510,977) |
General Partner | (267,033) | (290,035) |
PARTNERS' CAPITAL (DEFICIT) | 1,499,146 | (801,012) |
Liabilities and Stockholders' Equity | 3,096,274 | 1,693,223 |
Series Thirty Six [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 2,860,083 | 979,340 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 2,860,083 | 979,340 |
LIABILITIES | ||
Accounts payable and accrued expenses | 132,250 | 133,500 |
Accounts payable affiliates (Note C) | 744,627 | 1,292,536 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 876,877 | 1,426,036 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 2,142,037 | (263,566) |
General Partner | (158,831) | (183,130) |
PARTNERS' CAPITAL (DEFICIT) | 1,983,206 | (446,696) |
Liabilities and Stockholders' Equity | 2,860,083 | 979,340 |
Series Thirty Seven [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 351,523 | 340,689 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 351,523 | 340,689 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,540,737 | 2,501,407 |
Capital contributions payable | 138,438 | 138,438 |
LIABILITIES | 2,679,175 | 2,639,845 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (2,088,811) | (2,060,600) |
General Partner | (238,841) | (238,556) |
PARTNERS' CAPITAL (DEFICIT) | (2,327,652) | (2,299,156) |
Liabilities and Stockholders' Equity | 351,523 | 340,689 |
Series Thirty Eight [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 329,584 | 333,474 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 329,584 | 333,474 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 4,779 |
Accounts payable affiliates (Note C) | 2,025,147 | 2,020,632 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,025,147 | 2,025,411 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (1,460,323) | (1,456,733) |
General Partner | (235,240) | (235,204) |
PARTNERS' CAPITAL (DEFICIT) | (1,695,563) | (1,691,937) |
Liabilities and Stockholders' Equity | 329,584 | 333,474 |
Series Thirty Nine [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 328,952 | 313,691 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 328,952 | 313,691 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 4,894 |
Accounts payable affiliates (Note C) | 1,796,430 | 1,775,213 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,796,430 | 1,780,107 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (1,256,360) | (1,255,309) |
General Partner | (211,118) | (211,107) |
PARTNERS' CAPITAL (DEFICIT) | (1,467,478) | (1,466,416) |
Liabilities and Stockholders' Equity | 328,952 | 313,691 |
Series Forty [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 231,324 | 510,705 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 231,324 | 510,705 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 5,000 |
Accounts payable affiliates (Note C) | 2,613,310 | 2,862,316 |
Capital contributions payable | 102 | 102 |
LIABILITIES | 2,613,412 | 2,867,418 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (2,133,323) | (2,108,202) |
General Partner | (248,765) | (248,511) |
PARTNERS' CAPITAL (DEFICIT) | (2,382,088) | (2,356,713) |
Liabilities and Stockholders' Equity | 231,324 | 510,705 |
Series Forty One [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 227,586 | 331,029 |
Notes receivable | 0 | 0 |
Other assets | 1,218 | 1,218 |
ASSETS | 228,804 | 332,247 |
LIABILITIES | ||
Accounts payable and accrued expenses | 51 | 0 |
Accounts payable affiliates (Note C) | 3,117,811 | 3,161,663 |
Capital contributions payable | 100 | 100 |
LIABILITIES | 3,117,962 | 3,161,763 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (2,611,098) | (2,552,052) |
General Partner | (278,060) | (277,464) |
PARTNERS' CAPITAL (DEFICIT) | (2,889,158) | (2,829,516) |
Liabilities and Stockholders' Equity | 228,804 | 332,247 |
Series Forty Two [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 1,769,186 | 3,412,757 |
Notes receivable | 22,790 | 22,790 |
Other assets | 51,003 | 51,003 |
ASSETS | 1,842,979 | 3,486,550 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 547,175 | 2,141,040 |
Capital contributions payable | 73,433 | 73,433 |
LIABILITIES | 620,608 | 2,214,473 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 1,451,085 | 1,500,294 |
General Partner | (228,714) | (228,217) |
PARTNERS' CAPITAL (DEFICIT) | 1,222,371 | 1,272,077 |
Liabilities and Stockholders' Equity | 1,842,979 | 3,486,550 |
Series Forty Three [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 1,856,357 | 2,886,991 |
Notes receivable | 0 | 0 |
Other assets | 82,514 | 82,514 |
ASSETS | 1,938,871 | 2,969,505 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,069,047 | 3,061,116 |
Capital contributions payable | 99,265 | 99,265 |
LIABILITIES | 2,168,312 | 3,160,381 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | 94,375 | 132,554 |
General Partner | (323,816) | (323,430) |
PARTNERS' CAPITAL (DEFICIT) | (229,441) | (190,876) |
Liabilities and Stockholders' Equity | 1,938,871 | 2,969,505 |
Series Forty Four [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 54,699 | 44,503 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 54,699 | 44,503 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,397,403 | 2,331,303 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,397,403 | 2,331,303 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (2,081,829) | (2,026,484) |
General Partner | (260,875) | (260,316) |
PARTNERS' CAPITAL (DEFICIT) | (2,342,704) | (2,286,800) |
Liabilities and Stockholders' Equity | 54,699 | 44,503 |
Series Forty Five [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 798,795 | 748,100 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 798,795 | 748,100 |
LIABILITIES | ||
Accounts payable and accrued expenses | 515,173 | 515,173 |
Accounts payable affiliates (Note C) | 2,132,797 | 2,058,519 |
Capital contributions payable | 16,724 | 16,724 |
LIABILITIES | 2,664,694 | 2,590,416 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (1,493,578) | (1,470,231) |
General Partner | (372,321) | (372,085) |
PARTNERS' CAPITAL (DEFICIT) | (1,865,899) | (1,842,316) |
Liabilities and Stockholders' Equity | 798,795 | 748,100 |
Series Forty Six [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 253,070 | 243,277 |
Notes receivable | 0 | 0 |
Other assets | 3,788 | 3,788 |
ASSETS | 256,858 | 247,065 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,713,269 | 1,650,887 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,713,269 | 1,650,887 |
PARTNERS' CAPITAL (DEFICIT) | ||
Units of limited partnership interest | (1,179,104) | (1,127,041) |
General Partner | (277,307) | (276,781) |
PARTNERS' CAPITAL (DEFICIT) | (1,456,411) | (1,403,822) |
Liabilities and Stockholders' Equity | $ 256,858 | $ 247,065 |
CONDENSED BALANCE SHEETS _Paren
CONDENSED BALANCE SHEETS [Parenthetical] - $ / shares | Jun. 30, 2016 | Mar. 31, 2016 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 83,651,080 | 83,651,080 |
Units of limited partnership interest, outstanding | 83,428,546 | 83,428,546 |
Series Twenty [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,866,700 | 3,866,700 |
Units of limited partnership interest, outstanding | 3,843,500 | 3,843,500 |
Series Twenty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 1,892,700 | 1,892,700 |
Units of limited partnership interest, outstanding | 1,881,000 | 1,881,000 |
Series Twenty Two [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,564,400 | 2,564,400 |
Units of limited partnership interest, outstanding | 2,559,800 | 2,559,800 |
Series Twenty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,336,727 | 3,336,727 |
Units of limited partnership interest, outstanding | 3,323,327 | 3,323,327 |
Series Twenty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,169,878 | 2,169,878 |
Units of limited partnership interest, outstanding | 2,158,878 | 2,158,878 |
Series Twenty Five [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,026,109 | 3,026,109 |
Units of limited partnership interest, outstanding | 3,020,309 | 3,020,309 |
Series Twenty Six [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,995,900 | 3,995,900 |
Units of limited partnership interest, outstanding | 3,983,600 | 3,983,600 |
Series Twenty Seven [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,460,700 | 2,460,700 |
Units of limited partnership interest, outstanding | 2,453,500 | 2,453,500 |
Series Twenty Eight [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,000,738 | 4,000,738 |
Units of limited partnership interest, outstanding | 3,994,238 | 3,994,238 |
Series Twenty Nine [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,991,800 | 3,991,800 |
Units of limited partnership interest, outstanding | 3,980,400 | 3,980,400 |
Series Thirty [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,651,000 | 2,651,000 |
Units of limited partnership interest, outstanding | 2,636,000 | 2,636,000 |
Series Thirty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,417,857 | 4,417,857 |
Units of limited partnership interest, outstanding | 4,396,557 | 4,396,557 |
Series Thirty Two [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,754,198 | 4,754,198 |
Units of limited partnership interest, outstanding | 4,740,698 | 4,740,698 |
Series Thirty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,636,533 | 2,636,533 |
Units of limited partnership interest, outstanding | 2,628,033 | 2,628,033 |
Series Thirty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,529,319 | 3,529,319 |
Units of limited partnership interest, outstanding | 3,523,019 | 3,523,019 |
Series Thirty Five [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,300,463 | 3,300,463 |
Units of limited partnership interest, outstanding | 3,293,763 | 3,293,763 |
Series Thirty Six [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,106,838 | 2,106,838 |
Units of limited partnership interest, outstanding | 2,098,204 | 2,098,204 |
Series Thirty Seven [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,512,500 | 2,512,500 |
Units of limited partnership interest, outstanding | 2,507,500 | 2,507,500 |
Series Thirty Eight [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,543,100 | 2,543,100 |
Units of limited partnership interest, outstanding | 2,540,100 | 2,540,100 |
Series Thirty Nine [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,292,151 | 2,292,151 |
Units of limited partnership interest, outstanding | 2,290,151 | 2,290,151 |
Series Forty [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,630,256 | 2,630,256 |
Units of limited partnership interest, outstanding | 2,623,756 | 2,623,756 |
Series Forty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,891,626 | 2,891,626 |
Units of limited partnership interest, outstanding | 2,891,626 | 2,891,626 |
Series Forty Two [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,744,262 | 2,744,262 |
Units of limited partnership interest, outstanding | 2,736,262 | 2,736,262 |
Series Forty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,637,987 | 3,637,987 |
Units of limited partnership interest, outstanding | 3,637,987 | 3,637,987 |
Series Forty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,701,973 | 2,701,973 |
Units of limited partnership interest, outstanding | 2,699,973 | 2,699,973 |
Series Forty Five [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,014,367 | 4,014,367 |
Units of limited partnership interest, outstanding | 4,014,367 | 4,014,367 |
Series Forty Six [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,980,998 | 2,980,998 |
Units of limited partnership interest, outstanding | 2,971,998 | 2,971,998 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Income | ||
Interest income | $ 12,813 | $ 13,703 |
Other income | 128,173 | 212,454 |
Revenues | 140,986 | 226,157 |
Share of income (loss) from Operating Partnerships (Note D) | 7,788,656 | 3,650,235 |
Expenses | ||
Professional fees | 186,023 | 119,700 |
Fund management fee, net (Note C) | 587,049 | 863,134 |
General and administrative expenses | 120,712 | 80,781 |
Operating expenses | 893,784 | 1,063,615 |
NET INCOME (LOSS) | 7,035,858 | 2,812,777 |
Net income (loss) allocated to assignees | 6,965,499 | 2,784,649 |
Net income (loss) allocated to general partner | $ 70,359 | $ 28,128 |
Net income (loss) per BAC (in dollars per unit) | $ 0.08 | $ 0.03 |
Series Twenty [Member] | ||
Income | ||
Interest income | $ 104 | $ 135 |
Other income | 0 | 0 |
Revenues | 104 | 135 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 3,063 | 3,480 |
Fund management fee, net (Note C) | 7,538 | 6,855 |
General and administrative expenses | 4,992 | 3,250 |
Operating expenses | 15,593 | 13,585 |
NET INCOME (LOSS) | (15,489) | (13,450) |
Net income (loss) allocated to assignees | (15,334) | (13,316) |
Net income (loss) allocated to general partner | $ (155) | $ (134) |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ 0 |
Series Twenty One [Member] | ||
Income | ||
Interest income | $ 224 | $ 83 |
Other income | 0 | 0 |
Revenues | 224 | 83 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 323,096 |
Expenses | ||
Professional fees | 2,982 | 2,820 |
Fund management fee, net (Note C) | 2,255 | 14,325 |
General and administrative expenses | 3,588 | 2,521 |
Operating expenses | 8,825 | 19,666 |
NET INCOME (LOSS) | (8,601) | 303,513 |
Net income (loss) allocated to assignees | (8,515) | 300,478 |
Net income (loss) allocated to general partner | $ (86) | $ 3,035 |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ 0.16 |
Series Twenty Two [Member] | ||
Income | ||
Interest income | $ 106 | $ 38 |
Other income | 0 | 0 |
Revenues | 106 | 38 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 3,355 | 3,645 |
Fund management fee, net (Note C) | 6,802 | 9,279 |
General and administrative expenses | 4,197 | 2,853 |
Operating expenses | 14,354 | 15,777 |
NET INCOME (LOSS) | (14,248) | (15,739) |
Net income (loss) allocated to assignees | (14,106) | (15,582) |
Net income (loss) allocated to general partner | $ (142) | $ (157) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) |
Series Twenty Three [Member] | ||
Income | ||
Interest income | $ 91 | $ 67 |
Other income | 0 | 0 |
Revenues | 91 | 67 |
Share of income (loss) from Operating Partnerships (Note D) | 3,550 | 0 |
Expenses | ||
Professional fees | 5,081 | 3,975 |
Fund management fee, net (Note C) | 7,472 | 2,453 |
General and administrative expenses | 4,863 | 3,180 |
Operating expenses | 17,416 | 9,608 |
NET INCOME (LOSS) | (13,775) | (9,541) |
Net income (loss) allocated to assignees | (13,637) | (9,446) |
Net income (loss) allocated to general partner | $ (138) | $ (95) |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ 0 |
Series Twenty Four [Member] | ||
Income | ||
Interest income | $ 105 | $ 689 |
Other income | 1,680 | 1,680 |
Revenues | 1,785 | 2,369 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 3,519 | 3,480 |
Fund management fee, net (Note C) | 9,398 | 9,898 |
General and administrative expenses | 4,730 | 2,862 |
Operating expenses | 17,647 | 16,240 |
NET INCOME (LOSS) | (15,862) | (13,871) |
Net income (loss) allocated to assignees | (15,703) | (13,732) |
Net income (loss) allocated to general partner | $ (159) | $ (139) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) |
Series Twenty Five [Member] | ||
Income | ||
Interest income | $ 88 | $ 2,853 |
Other income | 0 | 0 |
Revenues | 88 | 2,853 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 3,030 | 3,315 |
Fund management fee, net (Note C) | 5,934 | 5,934 |
General and administrative expenses | 5,645 | 3,130 |
Operating expenses | 14,609 | 12,379 |
NET INCOME (LOSS) | (14,521) | (9,526) |
Net income (loss) allocated to assignees | (14,376) | (9,431) |
Net income (loss) allocated to general partner | $ (145) | $ (95) |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ 0 |
Series Twenty Six [Member] | ||
Income | ||
Interest income | $ 349 | $ 1,415 |
Other income | 420 | 0 |
Revenues | 769 | 1,415 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 5,665 | 6,120 |
Fund management fee, net (Note C) | 23,717 | 28,615 |
General and administrative expenses | 6,931 | 3,560 |
Operating expenses | 36,313 | 38,295 |
NET INCOME (LOSS) | (35,544) | (36,880) |
Net income (loss) allocated to assignees | (35,189) | (36,511) |
Net income (loss) allocated to general partner | $ (355) | $ (369) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) |
Series Twenty Seven [Member] | ||
Income | ||
Interest income | $ 1,236 | $ 879 |
Other income | 0 | 0 |
Revenues | 1,236 | 879 |
Share of income (loss) from Operating Partnerships (Note D) | 2,995,000 | 0 |
Expenses | ||
Professional fees | 34,369 | 3,810 |
Fund management fee, net (Note C) | 26,358 | 28,358 |
General and administrative expenses | 3,850 | 2,896 |
Operating expenses | 64,577 | 35,064 |
NET INCOME (LOSS) | 2,931,659 | (34,185) |
Net income (loss) allocated to assignees | 2,902,342 | (33,843) |
Net income (loss) allocated to general partner | $ 29,317 | $ (342) |
Net income (loss) per BAC (in dollars per unit) | $ 1.18 | $ (0.01) |
Series Twenty Eight [Member] | ||
Income | ||
Interest income | $ 302 | $ 4,327 |
Other income | 7,976 | 6,400 |
Revenues | 8,278 | 10,727 |
Share of income (loss) from Operating Partnerships (Note D) | 5,000 | 1,197,000 |
Expenses | ||
Professional fees | 4,415 | 5,295 |
Fund management fee, net (Note C) | 10,147 | 26,455 |
General and administrative expenses | 6,320 | 3,389 |
Operating expenses | 20,882 | 35,139 |
NET INCOME (LOSS) | (7,604) | 1,172,588 |
Net income (loss) allocated to assignees | (7,528) | 1,160,862 |
Net income (loss) allocated to general partner | $ (76) | $ 11,726 |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ 0.29 |
Series Twenty Nine [Member] | ||
Income | ||
Interest income | $ 278 | $ 245 |
Other income | 0 | 0 |
Revenues | 278 | 245 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 153,500 |
Expenses | ||
Professional fees | 39,049 | 4,965 |
Fund management fee, net (Note C) | 20,546 | 25,385 |
General and administrative expenses | 5,065 | 3,303 |
Operating expenses | 64,660 | 33,653 |
NET INCOME (LOSS) | (64,382) | 120,092 |
Net income (loss) allocated to assignees | (63,738) | 118,891 |
Net income (loss) allocated to general partner | $ (644) | $ 1,201 |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ 0.03 |
Series Thirty [Member] | ||
Income | ||
Interest income | $ 218 | $ 199 |
Other income | 1,243 | 0 |
Revenues | 1,461 | 199 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 6,000 |
Expenses | ||
Professional fees | 4,384 | 4,800 |
Fund management fee, net (Note C) | 9,605 | 24,515 |
General and administrative expenses | 3,919 | 2,763 |
Operating expenses | 17,908 | 32,078 |
NET INCOME (LOSS) | (16,447) | (25,879) |
Net income (loss) allocated to assignees | (16,283) | (25,620) |
Net income (loss) allocated to general partner | $ (164) | $ (259) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) |
Series Thirty One [Member] | ||
Income | ||
Interest income | $ 754 | $ 775 |
Other income | 476 | 0 |
Revenues | 1,230 | 775 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 5,839 | 6,120 |
Fund management fee, net (Note C) | 35,021 | 39,502 |
General and administrative expenses | 4,978 | 3,539 |
Operating expenses | 45,838 | 49,161 |
NET INCOME (LOSS) | (44,608) | (48,386) |
Net income (loss) allocated to assignees | (44,162) | (47,902) |
Net income (loss) allocated to general partner | $ (446) | $ (484) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) |
Series Thirty Two [Member] | ||
Income | ||
Interest income | $ 626 | $ 106 |
Other income | 1,800 | 0 |
Revenues | 2,426 | 106 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 4,455 | 4,470 |
Fund management fee, net (Note C) | 33,580 | 56,622 |
General and administrative expenses | 5,142 | 3,568 |
Operating expenses | 43,177 | 64,660 |
NET INCOME (LOSS) | (40,751) | (64,554) |
Net income (loss) allocated to assignees | (40,343) | (63,908) |
Net income (loss) allocated to general partner | $ (408) | $ (646) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) |
Series Thirty Three [Member] | ||
Income | ||
Interest income | $ 599 | $ 201 |
Other income | 1,800 | 0 |
Revenues | 2,399 | 201 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 1,097,000 |
Expenses | ||
Professional fees | 3,685 | 3,480 |
Fund management fee, net (Note C) | 9,898 | 23,733 |
General and administrative expenses | 3,811 | 2,658 |
Operating expenses | 17,394 | 29,871 |
NET INCOME (LOSS) | (14,995) | 1,067,330 |
Net income (loss) allocated to assignees | (14,845) | 1,056,657 |
Net income (loss) allocated to general partner | $ (150) | $ 10,673 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0.40 |
Series Thirty Four [Member] | ||
Income | ||
Interest income | $ 472 | $ 233 |
Other income | 11,691 | 16,763 |
Revenues | 12,163 | 16,996 |
Share of income (loss) from Operating Partnerships (Note D) | 27,500 | 37,000 |
Expenses | ||
Professional fees | 4,400 | 4,305 |
Fund management fee, net (Note C) | 11,317 | 30,093 |
General and administrative expenses | 4,432 | 5,044 |
Operating expenses | 20,149 | 39,442 |
NET INCOME (LOSS) | 19,514 | 14,554 |
Net income (loss) allocated to assignees | 19,319 | 14,408 |
Net income (loss) allocated to general partner | $ 195 | $ 146 |
Net income (loss) per BAC (in dollars per unit) | $ 0.01 | $ 0 |
Series Thirty Five [Member] | ||
Income | ||
Interest income | $ 1,321 | $ 240 |
Other income | 4,893 | 6,178 |
Revenues | 6,214 | 6,418 |
Share of income (loss) from Operating Partnerships (Note D) | 2,294,803 | 904,000 |
Expenses | ||
Professional fees | 4,057 | 3,810 |
Fund management fee, net (Note C) | (7,607) | 37,982 |
General and administrative expenses | 4,409 | 2,959 |
Operating expenses | 859 | 44,751 |
NET INCOME (LOSS) | 2,300,158 | 865,667 |
Net income (loss) allocated to assignees | 2,277,156 | 857,010 |
Net income (loss) allocated to general partner | $ 23,002 | $ 8,657 |
Net income (loss) per BAC (in dollars per unit) | $ 0.69 | $ 0.26 |
Series Thirty Six [Member] | ||
Income | ||
Interest income | $ 563 | $ 267 |
Other income | 1,146 | 2,683 |
Revenues | 1,709 | 2,950 |
Share of income (loss) from Operating Partnerships (Note D) | 2,417,303 | 0 |
Expenses | ||
Professional fees | 3,835 | 3,810 |
Fund management fee, net (Note C) | (18,208) | 30,378 |
General and administrative expenses | 3,483 | 2,576 |
Operating expenses | (10,890) | 36,764 |
NET INCOME (LOSS) | 2,429,902 | (33,814) |
Net income (loss) allocated to assignees | 2,405,603 | (33,476) |
Net income (loss) allocated to general partner | $ 24,299 | $ (338) |
Net income (loss) per BAC (in dollars per unit) | $ 1.16 | $ (0.02) |
Series Thirty Seven [Member] | ||
Income | ||
Interest income | $ 172 | $ 173 |
Other income | 4,811 | 9,240 |
Revenues | 4,983 | 9,413 |
Share of income (loss) from Operating Partnerships (Note D) | 2,500 | 0 |
Expenses | ||
Professional fees | 3,509 | 3,315 |
Fund management fee, net (Note C) | 28,812 | 35,816 |
General and administrative expenses | 3,658 | 2,596 |
Operating expenses | 35,979 | 41,727 |
NET INCOME (LOSS) | (28,496) | (32,314) |
Net income (loss) allocated to assignees | (28,211) | (31,991) |
Net income (loss) allocated to general partner | $ (285) | $ (323) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) |
Series Thirty Eight [Member] | ||
Income | ||
Interest income | $ 154 | $ 82 |
Other income | 31,791 | 3,160 |
Revenues | 31,945 | 3,242 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 4,036 | 3,810 |
Fund management fee, net (Note C) | 27,782 | 36,900 |
General and administrative expenses | 3,753 | 2,685 |
Operating expenses | 35,571 | 43,395 |
NET INCOME (LOSS) | (3,626) | (40,153) |
Net income (loss) allocated to assignees | (3,590) | (39,751) |
Net income (loss) allocated to general partner | $ (36) | $ (402) |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ (0.02) |
Series Thirty Nine [Member] | ||
Income | ||
Interest income | $ 127 | $ 87 |
Other income | 660 | 3,160 |
Revenues | 787 | 3,247 |
Share of income (loss) from Operating Partnerships (Note D) | 22,500 | 0 |
Expenses | ||
Professional fees | 3,845 | 3,645 |
Fund management fee, net (Note C) | 17,017 | 27,285 |
General and administrative expenses | 3,487 | 2,540 |
Operating expenses | 24,349 | 33,470 |
NET INCOME (LOSS) | (1,062) | (30,223) |
Net income (loss) allocated to assignees | (1,051) | (29,921) |
Net income (loss) allocated to general partner | $ (11) | $ (302) |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ (0.01) |
Series Forty [Member] | ||
Income | ||
Interest income | $ 132 | $ 25 |
Other income | 0 | 0 |
Revenues | 132 | 25 |
Share of income (loss) from Operating Partnerships (Note D) | 20,500 | 0 |
Expenses | ||
Professional fees | 5,079 | 4,800 |
Fund management fee, net (Note C) | 37,216 | 48,504 |
General and administrative expenses | 3,712 | 2,484 |
Operating expenses | 46,007 | 55,788 |
NET INCOME (LOSS) | (25,375) | (55,763) |
Net income (loss) allocated to assignees | (25,121) | (55,205) |
Net income (loss) allocated to general partner | $ (254) | $ (558) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.02) |
Series Forty One [Member] | ||
Income | ||
Interest income | $ 223 | $ 129 |
Other income | 0 | 36,109 |
Revenues | 223 | 36,238 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 5,627 | 5,295 |
Fund management fee, net (Note C) | 50,199 | 40,720 |
General and administrative expenses | 4,039 | 2,811 |
Operating expenses | 59,865 | 48,826 |
NET INCOME (LOSS) | (59,642) | (12,588) |
Net income (loss) allocated to assignees | (59,046) | (12,462) |
Net income (loss) allocated to general partner | $ (596) | $ (126) |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ 0 |
Series Forty Two [Member] | ||
Income | ||
Interest income | $ 2,039 | $ 142 |
Other income | 0 | 66,129 |
Revenues | 2,039 | 66,271 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 5,945 | 5,625 |
Fund management fee, net (Note C) | 42,002 | 40,228 |
General and administrative expenses | 3,798 | 2,590 |
Operating expenses | 51,745 | 48,443 |
NET INCOME (LOSS) | (49,706) | 17,828 |
Net income (loss) allocated to assignees | (49,209) | 17,650 |
Net income (loss) allocated to general partner | $ (497) | $ 178 |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ 0.01 |
Series Forty Three [Member] | ||
Income | ||
Interest income | $ 2,046 | $ 129 |
Other income | 1,759 | 39,347 |
Revenues | 3,805 | 39,476 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 6,332 | 5,955 |
Fund management fee, net (Note C) | 31,651 | 44,122 |
General and administrative expenses | 4,387 | 2,912 |
Operating expenses | 42,370 | 52,989 |
NET INCOME (LOSS) | (38,565) | (13,513) |
Net income (loss) allocated to assignees | (38,179) | (13,378) |
Net income (loss) allocated to general partner | $ (386) | $ (135) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0 |
Series Forty Four [Member] | ||
Income | ||
Interest income | $ 12 | $ 2 |
Other income | 13,649 | 0 |
Revenues | 13,661 | 2 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 4,301 | 3,975 |
Fund management fee, net (Note C) | 61,470 | 63,657 |
General and administrative expenses | 3,794 | 2,470 |
Operating expenses | 69,565 | 70,102 |
NET INCOME (LOSS) | (55,904) | (70,100) |
Net income (loss) allocated to assignees | (55,345) | (69,399) |
Net income (loss) allocated to general partner | $ (559) | $ (701) |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ (0.03) |
Series Forty Five [Member] | ||
Income | ||
Interest income | $ 311 | $ 42 |
Other income | 28,826 | 21,605 |
Revenues | 29,137 | 21,647 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | (13,525) |
Expenses | ||
Professional fees | 7,234 | 6,945 |
Fund management fee, net (Note C) | 40,120 | 68,513 |
General and administrative expenses | 5,366 | 2,952 |
Operating expenses | 52,720 | 78,410 |
NET INCOME (LOSS) | (23,583) | (70,288) |
Net income (loss) allocated to assignees | (23,347) | (69,585) |
Net income (loss) allocated to general partner | $ (236) | $ (703) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.02) |
Series Forty Six [Member] | ||
Income | ||
Interest income | $ 161 | $ 140 |
Other income | 13,552 | 0 |
Revenues | 13,713 | 140 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | (53,836) |
Expenses | ||
Professional fees | 4,932 | 4,635 |
Fund management fee, net (Note C) | 57,007 | 57,007 |
General and administrative expenses | 4,363 | 2,690 |
Operating expenses | 66,302 | 64,332 |
NET INCOME (LOSS) | (52,589) | (118,028) |
Net income (loss) allocated to assignees | (52,063) | (116,848) |
Net income (loss) allocated to general partner | $ (526) | $ (1,180) |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ (0.04) |
CONDENSED STATEMENTS OF CHANGES
CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - 3 months ended Jun. 30, 2016 - USD ($) | Total | Limited Partners [Member] | General Partner [Member] | Series Twenty [Member] | Series Twenty [Member]Limited Partners [Member] | Series Twenty [Member]General Partner [Member] | Series Twenty One [Member] | Series Twenty One [Member]Limited Partners [Member] | Series Twenty One [Member]General Partner [Member] | Series Twenty Two [Member] | Series Twenty Two [Member]Limited Partners [Member] | Series Twenty Two [Member]General Partner [Member] | Series Twenty Three [Member] | Series Twenty Three [Member]Limited Partners [Member] | Series Twenty Three [Member]General Partner [Member] | Series Twenty Four [Member] | Series Twenty Four [Member]Limited Partners [Member] | Series Twenty Four [Member]General Partner [Member] | Series Twenty Five [Member] | Series Twenty Five [Member]Limited Partners [Member] | Series Twenty Five [Member]General Partner [Member] | Series Twenty Six [Member] | Series Twenty Six [Member]Limited Partners [Member] | Series Twenty Six [Member]General Partner [Member] | Series Twenty Seven [Member] | Series Twenty Seven [Member]Limited Partners [Member] | Series Twenty Seven [Member]General Partner [Member] | Series Twenty Eight [Member] | Series Twenty Eight [Member]Limited Partners [Member] | Series Twenty Eight [Member]General Partner [Member] | Series Twenty Nine [Member] | Series Twenty Nine [Member]Limited Partners [Member] | Series Twenty Nine [Member]General Partner [Member] | Series Thirty [Member] | Series Thirty [Member]Limited Partners [Member] | Series Thirty [Member]General Partner [Member] | Series Thirty One [Member] | Series Thirty One [Member]Limited Partners [Member] | Series Thirty One [Member]General Partner [Member] | Series Thirty Two [Member] | Series Thirty Two [Member]Limited Partners [Member] | Series Thirty Two [Member]General Partner [Member] | Series Thirty Three [Member] | Series Thirty Three [Member]Limited Partners [Member] | Series Thirty Three [Member]General Partner [Member] | Series Thirty Four [Member] | Series Thirty Four [Member]Limited Partners [Member] | Series Thirty Four [Member]General Partner [Member] | Series Thirty Five [Member] | Series Thirty Five [Member]Limited Partners [Member] | Series Thirty Five [Member]General Partner [Member] | Series Thirty Six [Member] | Series Thirty Six [Member]Limited Partners [Member] | Series Thirty Six [Member]General Partner [Member] | Series Thirty Seven [Member] | Series Thirty Seven [Member]Limited Partners [Member] | Series Thirty Seven [Member]General Partner [Member] | Series Thirty Eight [Member] | Series Thirty Eight [Member]Limited Partners [Member] | Series Thirty Eight [Member]General Partner [Member] | Series Thirty Nine [Member] | Series Thirty Nine [Member]Limited Partners [Member] | Series Thirty Nine [Member]General Partner [Member] | Series Forty [Member] | Series Forty [Member]Limited Partners [Member] | Series Forty [Member]General Partner [Member] | Series Forty One [Member] | Series Forty One [Member]Limited Partners [Member] | Series Forty One [Member]General Partner [Member] | Series Forty Two [Member] | Series Forty Two [Member]Limited Partners [Member] | Series Forty Two [Member]General Partner [Member] | Series Forty Three [Member] | Series Forty Three [Member]Limited Partners [Member] | Series Forty Three [Member]General Partner [Member] | Series Forty Four [Member] | Series Forty Four [Member]Limited Partners [Member] | Series Forty Four [Member]General Partner [Member] | Series Forty Five [Member] | Series Forty Five [Member]Limited Partners [Member] | Series Forty Five [Member]General Partner [Member] | Series Forty Six [Member] | Series Forty Six [Member]Limited Partners [Member] | Series Forty Six [Member]General Partner [Member] |
Partners' capital (deficit) at Mar. 31, 2016 | $ (28,619,101) | $ (21,290,383) | $ (7,328,718) | $ (1,261,163) | $ (940,299) | $ (320,864) | $ (1,035,197) | $ (862,894) | $ (172,303) | $ (2,524,039) | $ (2,279,715) | $ (244,324) | $ (1,832,635) | $ (1,529,462) | $ (303,173) | $ 502,552 | $ 676,778 | $ (174,226) | $ 397,047 | $ 616,693 | $ (219,646) | $ 804,402 | $ 1,114,701 | $ (310,299) | $ 899,636 | $ 1,097,087 | $ (197,451) | $ 876,927 | $ 1,149,995 | $ (273,068) | $ (2,967,982) | $ (2,599,655) | $ (368,327) | $ (1,373,138) | $ (1,132,351) | $ (240,787) | $ 1,307,467 | $ 1,673,651 | $ (366,184) | $ (2,312,599) | $ (1,883,110) | $ (429,489) | $ (827,935) | $ (593,876) | $ (234,059) | $ (2,929,261) | $ (2,599,579) | $ (329,682) | $ (801,012) | $ (510,977) | $ (290,035) | $ (446,696) | $ (263,566) | $ (183,130) | $ (2,299,156) | $ (2,060,600) | $ (238,556) | $ (1,691,937) | $ (1,456,733) | $ (235,204) | $ (1,466,416) | $ (1,255,309) | $ (211,107) | $ (2,356,713) | $ (2,108,202) | $ (248,511) | $ (2,829,516) | $ (2,552,052) | $ (277,464) | $ 1,272,077 | $ 1,500,294 | $ (228,217) | $ (190,876) | $ 132,554 | $ (323,430) | $ (2,286,800) | $ (2,026,484) | $ (260,316) | $ (1,842,316) | $ (1,470,231) | $ (372,085) | $ (1,403,822) | $ (1,127,041) | $ (276,781) |
Net income (loss) | 7,035,858 | 6,965,499 | 70,359 | (15,489) | (15,334) | (155) | (8,601) | (8,515) | (86) | (14,248) | (14,106) | (142) | (13,775) | (13,637) | (138) | (15,862) | (15,703) | (159) | (14,521) | (14,376) | (145) | (35,544) | (35,189) | (355) | 2,931,659 | 2,902,342 | 29,317 | (7,604) | (7,528) | (76) | (64,382) | (63,738) | (644) | (16,447) | (16,283) | (164) | (44,608) | (44,162) | (446) | (40,751) | (40,343) | (408) | (14,995) | (14,845) | (150) | 19,514 | 19,319 | 195 | 2,300,158 | 2,277,156 | 23,002 | 2,429,902 | 2,405,603 | 24,299 | (28,496) | (28,211) | (285) | (3,626) | (3,590) | (36) | (1,062) | (1,051) | (11) | (25,375) | (25,121) | (254) | (59,642) | (59,046) | (596) | (49,706) | (49,209) | (497) | (38,565) | (38,179) | (386) | (55,904) | (55,345) | (559) | (23,583) | (23,347) | (236) | (52,589) | (52,063) | (526) |
Partners' capital (deficit) at Jun. 30, 2016 | $ (21,583,243) | $ (14,324,884) | $ (7,258,359) | $ (1,276,652) | $ (955,633) | $ (321,019) | $ (1,043,798) | $ (871,409) | $ (172,389) | $ (2,538,287) | $ (2,293,821) | $ (244,466) | $ (1,846,410) | $ (1,543,099) | $ (303,311) | $ 486,690 | $ 661,075 | $ (174,385) | $ 382,526 | $ 602,317 | $ (219,791) | $ 768,858 | $ 1,079,512 | $ (310,654) | $ 3,831,295 | $ 3,999,429 | $ (168,134) | $ 869,323 | $ 1,142,467 | $ (273,144) | $ (3,032,364) | $ (2,663,393) | $ (368,971) | $ (1,389,585) | $ (1,148,634) | $ (240,951) | $ 1,262,859 | $ 1,629,489 | $ (366,630) | $ (2,353,350) | $ (1,923,453) | $ (429,897) | $ (842,930) | $ (608,721) | $ (234,209) | $ (2,909,747) | $ (2,580,260) | $ (329,487) | $ 1,499,146 | $ 1,766,179 | $ (267,033) | $ 1,983,206 | $ 2,142,037 | $ (158,831) | $ (2,327,652) | $ (2,088,811) | $ (238,841) | $ (1,695,563) | $ (1,460,323) | $ (235,240) | $ (1,467,478) | $ (1,256,360) | $ (211,118) | $ (2,382,088) | $ (2,133,323) | $ (248,765) | $ (2,889,158) | $ (2,611,098) | $ (278,060) | $ 1,222,371 | $ 1,451,085 | $ (228,714) | $ (229,441) | $ 94,375 | $ (323,816) | $ (2,342,704) | $ (2,081,829) | $ (260,875) | $ (1,865,899) | $ (1,493,578) | $ (372,321) | $ (1,456,411) | $ (1,179,104) | $ (277,307) |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | ||
Cash flows from operating activities: | |||
Net income (loss) | $ 7,035,858 | $ 2,812,777 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 3,589 | |
Share of (income) loss from Operating Partnerships | (7,788,656) | (3,650,235) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (16,627) | (8,976) | |
(Increase) in other assets | 0 | (30,733) | |
(Decrease) Increase in accounts payable affiliates | (4,451,954) | (2,663,231) | |
Net cash (used in) provided by operating activities | (5,221,379) | (3,536,809) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 7,788,656 | 3,957,596 | [1] |
Net cash provided by investing activities | 7,788,656 | 3,957,596 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 2,567,277 | 420,787 | |
Cash and cash equivalents, beginning | 21,728,069 | 23,720,352 | |
Cash and cash equivalents, ending | 24,295,346 | 24,141,139 | |
Series Twenty [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (15,489) | (13,450) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 8,238 | (62,342) | |
Net cash (used in) provided by operating activities | (7,251) | (75,792) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (7,251) | (75,792) | |
Cash and cash equivalents, beginning | 180,896 | 310,195 | |
Cash and cash equivalents, ending | 173,645 | 234,403 | |
Series Twenty One [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (8,601) | 303,513 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | (323,096) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 3,000 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 2,718 | 14,325 | |
Net cash (used in) provided by operating activities | (5,883) | (2,258) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 323,096 | [1] |
Net cash provided by investing activities | 0 | 323,096 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (5,883) | 320,838 | |
Cash and cash equivalents, beginning | 425,168 | 127,394 | |
Cash and cash equivalents, ending | 419,285 | 448,232 | |
Series Twenty Two [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (14,248) | (15,739) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 7,302 | 12,990 | |
Net cash (used in) provided by operating activities | (6,946) | (2,749) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (6,946) | (2,749) | |
Cash and cash equivalents, beginning | 295,650 | 117,048 | |
Cash and cash equivalents, ending | 288,704 | 114,299 | |
Series Twenty Three [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (13,775) | (9,541) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (3,550) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 995 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 9,552 | 17,682 | |
Net cash (used in) provided by operating activities | (6,778) | 8,141 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 3,550 | 0 | |
Net cash provided by investing activities | 3,550 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (3,228) | 8,141 | |
Cash and cash equivalents, beginning | 219,677 | 205,359 | |
Cash and cash equivalents, ending | 216,449 | 213,500 | |
Series Twenty Four [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (15,862) | (13,871) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (6,335) | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (15,862) | (20,206) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 80,040 | [1] |
Net cash provided by investing activities | 0 | 80,040 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (15,862) | 59,834 | |
Cash and cash equivalents, beginning | 502,552 | 1,005,871 | |
Cash and cash equivalents, ending | 486,690 | 1,065,705 | |
Series Twenty Five [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (14,521) | (9,526) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (14,521) | (9,526) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (14,521) | (9,526) | |
Cash and cash equivalents, beginning | 395,797 | 3,811,919 | |
Cash and cash equivalents, ending | 381,276 | 3,802,393 | |
Series Twenty Six [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (35,544) | (36,880) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (15,507) | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (35,544) | (52,387) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 69,000 | [1] |
Net cash provided by investing activities | 0 | 69,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (35,544) | 16,613 | |
Cash and cash equivalents, beginning | 809,362 | 3,013,320 | |
Cash and cash equivalents, ending | 773,818 | 3,029,933 | |
Series Twenty Seven [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 2,931,659 | (34,185) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (2,995,000) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 5,000 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (58,341) | (34,185) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 2,995,000 | 0 | |
Net cash provided by investing activities | 2,995,000 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 2,936,659 | (34,185) | |
Cash and cash equivalents, beginning | 899,636 | 1,051,663 | |
Cash and cash equivalents, ending | 3,836,295 | 1,017,478 | |
Series Twenty Eight [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (7,604) | 1,172,588 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (5,000) | (1,197,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (5,000) | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 3,021 | |
Net cash (used in) provided by operating activities | (17,604) | (21,391) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 5,000 | 1,197,000 | [1] |
Net cash provided by investing activities | 5,000 | 1,197,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (12,604) | 1,175,609 | |
Cash and cash equivalents, beginning | 884,427 | 5,774,634 | |
Cash and cash equivalents, ending | 871,823 | 6,950,243 | |
Series Twenty Nine [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (64,382) | 120,092 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | (153,500) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 3,500 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (132,954) | (253,108) | |
Net cash (used in) provided by operating activities | (197,336) | (283,016) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 153,500 | [1] |
Net cash provided by investing activities | 0 | 153,500 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (197,336) | (129,516) | |
Cash and cash equivalents, beginning | 618,758 | 501,274 | |
Cash and cash equivalents, ending | 421,422 | 371,758 | |
Series Thirty [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (16,447) | (25,879) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | (6,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 600 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 17,421 | (48,115) | |
Net cash (used in) provided by operating activities | 974 | (79,394) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 57,000 | [1] |
Net cash provided by investing activities | 0 | 57,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 974 | (22,394) | |
Cash and cash equivalents, beginning | 304,293 | 322,775 | |
Cash and cash equivalents, ending | 305,267 | 300,381 | |
Series Thirty One [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (44,608) | (48,386) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (3,000) | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | (2,378,565) | |
Net cash (used in) provided by operating activities | (47,608) | (2,426,951) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (47,608) | (2,426,951) | |
Cash and cash equivalents, beginning | 1,351,761 | 3,106,480 | |
Cash and cash equivalents, ending | 1,304,153 | 679,529 | |
Series Thirty Two [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (40,751) | (64,554) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (993) | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (55,710) | (36,794) | |
Net cash (used in) provided by operating activities | (96,461) | (102,341) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (96,461) | (102,341) | |
Cash and cash equivalents, beginning | 1,061,685 | 354,807 | |
Cash and cash equivalents, ending | 965,224 | 252,466 | |
Series Thirty Three [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (14,995) | 1,067,330 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | (1,097,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 2,350 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 16,398 | (29,346) | |
Net cash (used in) provided by operating activities | 1,403 | (56,666) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 1,097,000 | [1] |
Net cash provided by investing activities | 0 | 1,097,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,403 | 1,040,334 | |
Cash and cash equivalents, beginning | 1,266,455 | 281,704 | |
Cash and cash equivalents, ending | 1,267,858 | 1,322,038 | |
Series Thirty Four [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 19,514 | 14,554 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (27,500) | (37,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (802) | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (267,683) | (472,634) | |
Net cash (used in) provided by operating activities | (275,669) | (495,882) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 27,500 | 37,000 | [1] |
Net cash provided by investing activities | 27,500 | 37,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (248,169) | (458,882) | |
Cash and cash equivalents, beginning | 674,173 | 838,027 | |
Cash and cash equivalents, ending | 426,004 | 379,145 | |
Series Thirty Five [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 2,300,158 | 865,667 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (2,294,803) | (904,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 1,250 | 7,900 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (898,357) | 37,982 | |
Net cash (used in) provided by operating activities | (891,752) | 7,549 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 2,294,803 | 904,000 | [1] |
Net cash provided by investing activities | 2,294,803 | 904,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,403,051 | 911,549 | |
Cash and cash equivalents, beginning | 1,693,223 | 231,626 | |
Cash and cash equivalents, ending | 3,096,274 | 1,143,175 | |
Series Thirty Six [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 2,429,902 | (33,814) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (2,417,303) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (1,250) | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (547,909) | 33,120 | |
Net cash (used in) provided by operating activities | (536,560) | (694) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 2,417,303 | 0 | |
Net cash provided by investing activities | 2,417,303 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,880,743 | (694) | |
Cash and cash equivalents, beginning | 979,340 | 430,583 | |
Cash and cash equivalents, ending | 2,860,083 | 429,889 | |
Series Thirty Seven [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (28,496) | (32,314) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (2,500) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (1,024) | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 39,330 | 39,330 | |
Net cash (used in) provided by operating activities | 8,334 | 5,992 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 2,500 | 0 | |
Net cash provided by investing activities | 2,500 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 10,834 | 5,992 | |
Cash and cash equivalents, beginning | 340,689 | 345,467 | |
Cash and cash equivalents, ending | 351,523 | 351,459 | |
Series Thirty Eight [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (3,626) | (40,153) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (4,779) | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 4,515 | 41,100 | |
Net cash (used in) provided by operating activities | (3,890) | 947 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (3,890) | 947 | |
Cash and cash equivalents, beginning | 333,474 | 280,864 | |
Cash and cash equivalents, ending | 329,584 | 281,811 | |
Series Thirty Nine [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (1,062) | (30,223) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (22,500) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (4,894) | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 21,217 | 31,485 | |
Net cash (used in) provided by operating activities | (7,239) | 1,262 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 22,500 | 0 | |
Net cash provided by investing activities | 22,500 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 15,261 | 1,262 | |
Cash and cash equivalents, beginning | 313,691 | 166,118 | |
Cash and cash equivalents, ending | 328,952 | 167,380 | |
Series Forty [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (25,375) | (55,763) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | (20,500) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (5,000) | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (249,006) | 51,844 | |
Net cash (used in) provided by operating activities | (299,881) | (3,919) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 20,500 | 0 | |
Net cash provided by investing activities | 20,500 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (279,381) | (3,919) | |
Cash and cash equivalents, beginning | 510,705 | 97,731 | |
Cash and cash equivalents, ending | 231,324 | 93,812 | |
Series Forty One [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (59,642) | (12,588) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 51 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (43,852) | 59,391 | |
Net cash (used in) provided by operating activities | (103,443) | 46,803 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (103,443) | 46,803 | |
Cash and cash equivalents, beginning | 331,029 | 158,957 | |
Cash and cash equivalents, ending | 227,586 | 205,760 | |
Series Forty Two [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (49,706) | 17,828 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (1,665) | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (1,593,865) | (41,948) | |
Net cash (used in) provided by operating activities | (1,643,571) | (25,785) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 39,960 | |
Net cash provided by investing activities | 0 | 39,960 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1,643,571) | 14,175 | |
Cash and cash equivalents, beginning | 3,412,757 | 420,023 | |
Cash and cash equivalents, ending | 1,769,186 | 434,198 | |
Series Forty Three [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (38,565) | (13,513) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (992,069) | 76,695 | |
Net cash (used in) provided by operating activities | (1,030,634) | 63,182 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1,030,634) | 63,182 | |
Cash and cash equivalents, beginning | 2,886,991 | 354,147 | |
Cash and cash equivalents, ending | 1,856,357 | 417,329 | |
Series Forty Four [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (55,904) | (70,100) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
(Increase) in other assets | 0 | (30,733) | |
(Decrease) Increase in accounts payable affiliates | 66,100 | 105,452 | |
Net cash (used in) provided by operating activities | 10,196 | 4,619 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 10,196 | 4,619 | |
Cash and cash equivalents, beginning | 44,503 | 9,744 | |
Cash and cash equivalents, ending | 54,699 | 14,363 | |
Series Forty Five [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (23,583) | (70,288) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 0 | |
Share of (income) loss from Operating Partnerships | 0 | 13,525 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 74,278 | 72,822 | |
Net cash (used in) provided by operating activities | 50,695 | 16,059 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 50,695 | 16,059 | |
Cash and cash equivalents, beginning | 748,100 | 147,398 | |
Cash and cash equivalents, ending | 798,795 | 163,457 | |
Series Forty Six [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (52,589) | (118,028) | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | |||
Distributions from Operating Partnerships | 0 | 3,589 | |
Share of (income) loss from Operating Partnerships | 0 | 53,836 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
(Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 62,382 | 62,382 | |
Net cash (used in) provided by operating activities | 9,793 | 1,779 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash provided by investing activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 9,793 | 1,779 | |
Cash and cash equivalents, beginning | 243,277 | 255,224 | |
Cash and cash equivalents, ending | $ 253,070 | $ 257,003 | |
[1] | Fund proceeds from disposition include $80,040, $69,000, $51,000 and $39,960, for Series 24, Series 26, Series 30 and Series 42, respectively, recorded as a receivable as of March 31, 2015. |
ORGANIZATION
ORGANIZATION | 3 Months Ended |
Jun. 30, 2016 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | 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. 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 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. |
ACCOUNTING AND FINANCIAL REPORT
ACCOUNTING AND FINANCIAL REPORTING POLICIES | 3 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES The condensed financial statements herein as of June 30, 2016 and for the three 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, 2016. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Jun. 30, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | 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. 2016 2015 Series 20 $ 8,238 $ 8,238 Series 21 2,718 14,325 Series 22 7,302 12,990 Series 23 9,552 17,682 Series 24 12,588 12,588 Series 25 5,934 5,934 Series 26 24,717 28,615 Series 27 38,358 38,358 Series 28 18,147 31,455 Series 29 20,546 25,385 Series 30 17,421 24,515 Series 31 37,521 47,002 Series 32 43,080 56,622 Series 33 16,398 23,733 Series 34 23,317 30,093 Series 35 29,893 37,982 Series 36 23,702 33,120 Series 37 39,330 39,330 Series 38 36,936 41,100 Series 39 21,217 31,485 Series 40 38,716 50,004 Series 41 56,148 59,391 Series 42 42,870 61,560 Series 43 57,693 76,695 Series 44 63,657 63,657 Series 45 70,800 70,800 Series 46 62,382 62,382 $ 829,181 $ 1,005,041 2016 2015 Series 20 $ - $ 70,580 Series 24 12,588 12,588 Series 25 5,934 5,934 Series 26 24,717 28,615 Series 27 38,358 38,358 Series 28 18,147 28,434 Series 29 153,500 278,493 Series 30 - 72,630 Series 31 37,521 2,425,567 Series 32 98,790 93,416 Series 33 - 53,079 Series 34 291,000 502,727 Series 35 928,250 - Series 36 571,611 - Series 38 32,421 - Series 40 287,722 - Series 41 100,000 - Series 42 1,636,735 103,508 Series 43 1,049,762 - $ 5,287,056 $ 3,713,929 |
INVESTMENTS IN OPERATING PARTNE
INVESTMENTS IN OPERATING PARTNERSHIPS | 3 Months Ended |
Jun. 30, 2016 | |
Investments In Operating Partnerships [Abstract] | |
Equity Method Investments Disclosure [Text Block] | NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS At June 30, 2016 and 2015, the Fund has limited partnership interests in 246 and 297 Operating Partnerships, respectively, which own or are constructing apartment complexes. 2016 2015 Series 20 4 4 Series 21 2 3 Series 22 3 6 Series 23 5 9 Series 24 6 6 Series 25 4 4 Series 26 14 16 Series 27 6 7 Series 28 5 10 Series 29 8 9 Series 30 8 10 Series 31 17 19 Series 32 10 11 Series 33 5 5 Series 34 6 8 Series 35 5 7 Series 36 3 9 Series 37 5 6 Series 38 8 10 Series 39 6 9 Series 40 13 16 Series 41 18 19 Series 42 15 20 Series 43 19 23 Series 44 8 8 Series 45 28 28 Series 46 15 15 246 297 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. 2016 2015 Series 22 $ - $ 9,352 Series 29 8,235 8,235 Series 30 105,139 105,139 Series 31 66,294 66,294 Series 32 1,229 1,229 Series 33 69,154 69,154 Series 37 138,438 138,438 Series 40 102 102 Series 41 100 100 Series 42 73,433 73,433 Series 43 99,265 99,265 Series 45 16,724 16,724 $ 578,113 $ 587,465 Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition Gain on Disposition Series 23 1 - 3,550 3,550 Series 27 - 1 2,995,000 2,995,000 Series 28 1 - 5,000 5,000 Series 34 1 - 27,500 27,500 Series 35 - 1 2,294,803 2,294,803 Series 36 3 1 2,417,303 2,417,303 Series 37 1 - 2,500 2,500 Series 39 1 - 22,500 22,500 Series 40 1 - 20,500 20,500 Total 9 3 $ 7,788,656 $ 7,788,656 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. During the three months ended June 30, 2015 the Fund disposed of nine Operating Partnerships. A summary of the dispositions by Series for June 30, 2015 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * Gain on Disposition Series 21 1 - $ 323,096 $ 323,096 Series 24 - - 80,040 - Series 26 1 - 69,000 - Series 28 1 - 1,197,000 1,197,000 Series 29 - 1 153,500 153,500 Series 30 1 - 57,000 6,000 Series 33 1 - 1,097,000 1,097,000 Series 34 1 - 37,000 37,000 Series 35 1 1 904,000 904,000 Series 42 - - 39,960 - Total 7 2 $ 3,957,596 $ 3,717,596 * Fund proceeds from disposition include $80,040, $69,000, $51,000 and $39,960, for Series 24, Series 26, Series 30 and Series 42, respectively, recorded as a receivable as of March 31, 2015. 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. 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2016 2015 Revenues Rental $ 18,509,973 $ 24,122,148 Interest and other 599,115 649,330 19,109,088 24,771,478 Expenses Interest 3,086,598 4,308,164 Depreciation and amortization 4,966,028 6,415,732 Operating expenses 13,311,714 16,785,273 21,364,340 27,509,169 NET LOSS $ (2,255,252) $ (2,737,691) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (2,232,699) $ (2,710,313) Net loss allocated to other $ (22,553) $ (27,378) * Amounts include $(2,232,699) and $(2,642,952) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2016 2015 Revenues Rental $ 201,185 $ 210,550 Interest and other 10,498 8,827 211,683 219,377 Expenses Interest 22,806 23,642 Depreciation and amortization 51,151 50,644 Operating expenses 141,812 150,061 215,769 224,347 NET LOSS $ (4,086) $ (4,970) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (4,045) $ (4,920) Net loss allocated to other $ (41) $ (50) * Amounts include $(4,045) and $(4,920) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 21 2016 2015 Revenues Rental $ 129,146 $ 186,127 Interest and other 725 1,527 129,871 187,654 Expenses Interest 15,458 26,766 Depreciation and amortization 20,760 31,425 Operating expenses 93,936 129,816 130,154 188,007 NET LOSS $ (283) $ (353) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (280) $ (349) Net loss allocated to other $ (3) $ (4) * Amounts include $(280) and $(349) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 22 2016 2015 Revenues Rental $ 126,604 $ 316,462 Interest and other 4,482 6,870 131,086 323,332 Expenses Interest 14,772 50,636 Depreciation and amortization 26,718 72,911 Operating expenses 109,352 224,303 150,842 347,850 NET LOSS $ (19,756) $ (24,518) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (19,558) $ (24,273) Net loss allocated to other $ (198) $ (245) * Amounts include $(19,558) and $(24,273) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 23 2016 2015 Revenues Rental $ 418,453 $ 836,752 Interest and other 15,301 24,767 433,754 861,519 Expenses Interest 27,296 113,187 Depreciation and amortization 78,456 216,657 Operating expenses 356,530 614,988 462,282 944,832 NET LOSS $ (28,528) $ (83,313) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (28,242) $ (82,479) Net loss allocated to other $ (286) $ (834) * Amounts include $(28,242) and $(82,479) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 24 2016 2015 Revenues Rental $ 260,224 $ 249,137 Interest and other 5,022 4,538 265,246 253,675 Expenses Interest 23,138 23,719 Depreciation and amortization 67,545 69,058 Operating expenses 213,912 197,905 304,595 290,682 NET LOSS $ (39,349) $ (37,007) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (38,956) $ (36,637) Net loss allocated to other $ (393) $ (370) * Amounts include $(38,956) and $(36,637) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 25 2016 2015 Revenues Rental $ 209,643 $ 211,094 Interest and other 4,694 3,221 214,337 214,315 Expenses Interest 34,116 34,116 Depreciation and amortization 35,886 38,832 Operating expenses 162,479 149,488 232,481 222,436 NET LOSS $ (18,144) $ (8,121) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (17,963) $ (8,040) Net loss allocated to other $ (181) $ (81) * Amounts include $(17,963) and $(8,040) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 26 2016 2015 Revenues Rental $ 586,364 $ 697,669 Interest and other 11,708 12,616 598,072 710,285 Expenses Interest 91,631 107,767 Depreciation and amortization 144,008 171,190 Operating expenses 558,083 569,417 793,722 848,374 NET LOSS $ (195,650) $ (138,089) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (193,693) $ (136,708) Net loss allocated to other $ (1,957) $ (1,381) * Amounts include $(193,693) and $(136,708) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 27 2016 2015 Revenues Rental $ 711,261 $ 1,057,831 Interest and other 3,550 15,553 714,811 1,073,384 Expenses Interest 116,238 214,189 Depreciation and amortization 163,727 220,062 Operating expenses 492,795 655,121 772,760 1,089,372 NET LOSS $ (57,949) $ (15,988) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (57,369) $ (15,828) Net loss allocated to other $ (580) $ (160) * Amounts include $(57,369) and $(15,828) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 28 2016 2015 Revenues Rental $ 263,917 $ 526,810 Interest and other 3,748 9,281 267,665 536,091 Expenses Interest 30,526 43,134 Depreciation and amortization 57,693 182,846 Operating expenses 210,878 425,598 299,097 651,578 NET LOSS $ (31,432) $ (115,487) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (31,118) $ (114,332) Net loss allocated to other $ (314) $ (1,155) * Amounts include $(31,118) and $(114,332) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 29 2016 2015 Revenues Rental $ 502,120 $ 512,625 Interest and other 18,745 47,467 520,865 560,092 Expenses Interest 91,472 105,040 Depreciation and amortization 122,083 139,851 Operating expenses 388,451 422,748 602,006 667,639 NET LOSS $ (81,141) $ (107,547) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (80,330) $ (106,472) Net loss allocated to other $ (811) $ (1,075) * Amounts include $(80,330) and $(106,472) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 30 2016 2015 Revenues Rental $ 378,193 $ 777,196 Interest and other 10,062 11,165 388,255 788,361 Expenses Interest 50,242 76,532 Depreciation and amortization 101,332 146,116 Operating expenses 293,819 628,796 445,393 851,444 NET LOSS $ (57,138) $ (63,083) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (56,567) $ (62,452) Net loss allocated to other $ (571) $ (631) * Amounts include $(56,567) and $(62,452) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 31 2016 2015 Revenues Rental $ 976,281 $ 1,418,086 Interest and other 140,449 41,257 1,116,730 1,459,343 Expenses Interest 110,227 169,297 Depreciation and amortization 297,978 314,868 Operating expenses 766,298 1,121,866 1,174,503 1,606,031 NET LOSS $ (57,773) $ (146,688) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (57,195) $ (145,221) Net loss allocated to other $ (578) $ (1,467) * Amounts include $(57,195) and $(145,221) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 32 2016 2015 Revenues Rental $ 878,707 $ 1,185,949 Interest and other 32,582 36,908 911,289 1,222,857 Expenses Interest 124,969 240,075 Depreciation and amortization 269,883 423,632 Operating expenses 769,520 803,146 1,164,372 1,466,853 NET LOSS $ (253,083) $ (243,996) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (250,552) $ (241,556) Net loss allocated to other $ (2,531) $ (2,440) * Amounts include $(250,552) and $(241,556) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 33 2016 2015 Revenues Rental $ 344,977 $ 339,761 Interest and other 9,095 9,074 354,072 348,835 Expenses Interest 52,140 55,051 Depreciation and amortization 100,376 105,019 Operating expenses 259,971 225,555 412,487 385,625 NET LOSS $ (58,415) $ (36,790) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (57,831) $ (36,422) Net loss allocated to other $ (584) $ (368) * Amounts include $(57,831) and $(36,422) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 34 2016 2015 Revenues Rental $ 399,297 $ 687,500 Interest and other 12,376 20,080 411,673 707,580 Expenses Interest 61,004 113,505 Depreciation and amortization 107,674 171,254 Operating expenses 301,745 469,672 470,423 754,431 NET LOSS $ (58,750) $ (46,851) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (58,162) $ (46,382) Net loss allocated to other $ (588) $ (469) * Amounts include $(58,162) and $(46,382) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 35 2016 2015 Revenues Rental $ 601,315 $ 782,421 Interest and other 14,369 30,501 615,684 812,922 Expenses Interest 109,503 157,142 Depreciation and amortization 206,136 229,096 Operating expenses 367,285 473,383 682,924 859,621 NET LOSS $ (67,240) $ (46,699) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (66,568) $ (46,232) Net loss allocated to other $ (672) $ (467) * Amounts include $(66,568) and $(46,232) for 2016 and 2015, 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 COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 36 2016 2015 Revenues Rental $ 161,678 $ 755,337 Interest and other 3,182 12,077 164,860 767,414 Expenses Interest 27,174 135,444 Depreciation and amortization 48,891 223,028 Operating expenses 120,630 535,236 196,695 893,708 NET LOSS $ (31,835) $ (126,294) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (31,517) $ (125,031) Net loss allocated to other $ (318) $ (1,263) * Amounts include $(31,517) and $(125,031) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 37 2016 2015 Revenues Rental $ 939,788 $ 979,753 Interest and other 23,505 20,056 963,293 999,809 Expenses Interest 168,919 204,446 Depreciation and amortization 245,958 283,860 Operating expenses 648,742 783,797 1,063,619 1,272,103 NET LOSS $ (100,326) $ (272,294) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (99,323) $ (269,571) Net loss allocated to other $ (1,003) $ (2,723) * Amounts include $(99,323) and $(269,571) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 38 2016 2015 Revenues Rental $ 902,172 $ 925,671 Interest and other 18,406 25,348 920,578 951,019 Expenses Interest 153,120 171,918 Depreciation and amortization 213,938 245,242 Operating expenses 569,860 641,772 936,918 1,058,932 NET LOSS $ (16,340) $ (107,913) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (16,177) $ (106,834) Net loss allocated to other $ (163) $ (1,079) * Amounts include $(16,177) and $(106,834) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 39 2016 2015 Revenues Rental $ 453,274 $ 682,961 Interest and other 13,646 30,474 466,920 713,435 Expenses Interest 82,679 122,779 Depreciation and amortization 101,015 196,102 Operating expenses 340,499 537,744 524,193 856,625 NET LOSS $ (57,273) $ (143,190) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (56,700) $ (141,758) Net loss allocated to other $ (573) $ (1,432) * Amounts include $(56,700) and $(141,758) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 40 2016 2015 Revenues Rental $ 730,485 $ 1,078,979 Interest and other 15,015 39,482 745,500 1,118,461 Expenses Interest 132,739 224,002 Depreciation and amortization 233,335 320,526 Operating expenses 521,117 736,881 887,191 1,281,409 NET LOSS $ (141,691) $ (162,948) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (140,274) $ (161,319) Net loss allocated to other $ (1,417) $ (1,629) * Amounts include $(140,274) and $(161,319) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 41 2016 2015 Revenues Rental $ 1,347,760 $ 1,455,639 Interest and other 40,724 38,991 1,388,484 1,494,630 Expenses Interest 258,443 286,370 Depreciation and amortization 339,429 370,559 Operating expenses 903,535 936,889 1,501,407 1,593,818 NET LOSS $ (112,923) $ (99,188) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (111,794) $ (98,196) Net loss allocated to other $ (1,129) $ (992) * Amounts include $(111,794) and $(98,196) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 42 2016 2015 Revenues Rental $ 902,739 $ 1,553,147 Interest and other 46,682 63,337 949,421 1,616,484 Expenses Interest 186,584 306,400 Depreciation and amortization 273,144 408,078 Operating expenses 639,652 994,744 1,099,380 1,709,222 NET LOSS $ (149,959) $ (92,738) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (148,459) $ (91,811) Net loss allocated to other $ (1,500) $ (927) * Amounts include $(148,459) and $(91,811) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 43 2016 2015 Revenues Rental $ 1,304,500 $ 1,955,258 Interest and other 54,715 42,677 1,359,215 1,997,935 Expenses Interest 179,952 342,836 Depreciation and amortization 439,711 549,685 Operating expenses 968,611 1,253,321 1,588,274 2,145,842 NET LOSS $ (229,059) $ (147,907) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (226,768) $ (146,428) Net loss allocated to other $ (2,291) $ (1,479) * Amounts include $(226,768) and $(146,428) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 44 2016 2015 Revenues Rental $ 1,564,348 $ 1,487,031 Interest and other 35,681 36,013 1,600,029 1,523,044 Expenses Interest 366,966 399,238 Depreciation and amortization 375,606 385,784 Operating expenses 884,555 852,959 1,627,127 1,637,981 NET LOSS $ (27,098) $ (114,937) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (26,827) $ (113,788) Net loss allocated to other $ (271) $ (1,149) * Amounts include $(26,827) and $(113,788) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 45 2016 2015 Revenues Rental $ 1,777,506 $ 1,807,037 Interest and other 30,356 30,452 1,807,862 1,837,489 Expenses Interest 258,058 250,958 Depreciation and amortization 501,193 499,315 Operating expenses 1,281,022 1,328,026 2,040,273 2,078,299 NET LOSS $ (232,411) $ (240,810) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (230,087) $ (238,402) Net loss allocated to other $ (2,324) $ (2,408) * Amounts include $(230,087) and $(224,877) for 2016 and 2015, 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 46 2016 2015 Revenues Rental $ 1,438,036 $ 1,445,365 Interest and other 19,797 26,771 1,457,833 1,472,136 Expenses Interest 296,426 309,975 Depreciation and amortization 342,402 350,092 Operating expenses 946,625 922,041 1,585,453 1,582,108 NET LOSS $ (127,620) $ (109,972) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (126,344) $ (108,872) Net loss allocated to other $ (1,276) $ (1,100) * Amounts include $(126,344) and $(55,036) for 2016 and 2015, 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 |
TAXABLE LOSS
TAXABLE LOSS | 3 Months Ended |
Jun. 30, 2016 | |
Taxable Loss [Abstract] | |
Taxable Loss [Text Block] | NOTE E - TAXABLE LOSS The Fund's taxable loss for calendar year ended December 31, 2016 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. |
INCOME TAXES
INCOME TAXES | 3 Months Ended |
Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Tax Relating To Partnership Disclosure [Text Block] | 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 2012 remain open. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Jun. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE G - SUBSEQUENT EVENTS Subsequent to June 30, 2016, the Fund has entered into an agreement to transfer the interest 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 received for the operating limited partnerships are $332,500. The estimated gain on the transfer of the operating limited partnerships are $314,000 and are expected to be recognized in the second quarter of fiscal year ending March 31, 2017. |
ORGANIZATION (Tables)
ORGANIZATION (Tables) | 3 Months Ended |
Jun. 30, 2016 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Schedule of Limited Partners' Capital Account by Class [Table Text Block] | 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 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 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 3 Months Ended |
Jun. 30, 2016 | |
Related Party Transactions [Abstract] | |
Schedule Of Gross Management Fee [Table Text Block] | The fund management fees accrued for the quarters ended June 30, 2016 and 2015, are as follows: 2016 2015 Series 20 $ 8,238 $ 8,238 Series 21 2,718 14,325 Series 22 7,302 12,990 Series 23 9,552 17,682 Series 24 12,588 12,588 Series 25 5,934 5,934 Series 26 24,717 28,615 Series 27 38,358 38,358 Series 28 18,147 31,455 Series 29 20,546 25,385 Series 30 17,421 24,515 Series 31 37,521 47,002 Series 32 43,080 56,622 Series 33 16,398 23,733 Series 34 23,317 30,093 Series 35 29,893 37,982 Series 36 23,702 33,120 Series 37 39,330 39,330 Series 38 36,936 41,100 Series 39 21,217 31,485 Series 40 38,716 50,004 Series 41 56,148 59,391 Series 42 42,870 61,560 Series 43 57,693 76,695 Series 44 63,657 63,657 Series 45 70,800 70,800 Series 46 62,382 62,382 $ 829,181 $ 1,005,041 |
Schedule Of Management Fees Paid [Table Text Block] | The fund management fees paid for the three months ended June 30, 2016 and 2015 are as follows: 2016 2015 Series 20 $ - $ 70,580 Series 24 12,588 12,588 Series 25 5,934 5,934 Series 26 24,717 28,615 Series 27 38,358 38,358 Series 28 18,147 28,434 Series 29 153,500 278,493 Series 30 - 72,630 Series 31 37,521 2,425,567 Series 32 98,790 93,416 Series 33 - 53,079 Series 34 291,000 502,727 Series 35 928,250 - Series 36 571,611 - Series 38 32,421 - Series 40 287,722 - Series 41 100,000 - Series 42 1,636,735 103,508 Series 43 1,049,762 - $ 5,287,056 $ 3,713,929 |
INVESTMENTS IN OPERATING PART16
INVESTMENTS IN OPERATING PARTNERSHIPS (Tables) | 3 Months Ended |
Jun. 30, 2016 | |
Investments In Operating Partnerships [Abstract] | |
Schedule Of Number Of Operating Partnerships [Table Text Block] | The breakdown of Operating Partnerships within the Fund at June 30, 2016 and 2015 are as follows: 2016 2015 Series 20 4 4 Series 21 2 3 Series 22 3 6 Series 23 5 9 Series 24 6 6 Series 25 4 4 Series 26 14 16 Series 27 6 7 Series 28 5 10 Series 29 8 9 Series 30 8 10 Series 31 17 19 Series 32 10 11 Series 33 5 5 Series 34 6 8 Series 35 5 7 Series 36 3 9 Series 37 5 6 Series 38 8 10 Series 39 6 9 Series 40 13 16 Series 41 18 19 Series 42 15 20 Series 43 19 23 Series 44 8 8 Series 45 28 28 Series 46 15 15 246 297 |
Schedule Of Contributions Payable [Table Text Block] | The contributions payable at June 30, 2016 and 2015, are as follows: 2016 2015 Series 22 $ - $ 9,352 Series 29 8,235 8,235 Series 30 105,139 105,139 Series 31 66,294 66,294 Series 32 1,229 1,229 Series 33 69,154 69,154 Series 37 138,438 138,438 Series 40 102 102 Series 41 100 100 Series 42 73,433 73,433 Series 43 99,265 99,265 Series 45 16,724 16,724 $ 578,113 $ 587,465 |
Schedule Of Dispositions By Series [Table Text Block] | During the three months ended June 30, 2016 the Fund disposed of twelve Operating Partnerships. A summary of the dispositions by Series for June 30, 2016 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition Gain on Disposition Series 23 1 - 3,550 3,550 Series 27 - 1 2,995,000 2,995,000 Series 28 1 - 5,000 5,000 Series 34 1 - 27,500 27,500 Series 35 - 1 2,294,803 2,294,803 Series 36 3 1 2,417,303 2,417,303 Series 37 1 - 2,500 2,500 Series 39 1 - 22,500 22,500 Series 40 1 - 20,500 20,500 Total 9 3 $ 7,788,656 $ 7,788,656 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. During the three months ended June 30, 2015 the Fund disposed of nine Operating Partnerships. A summary of the dispositions by Series for June 30, 2015 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * Gain on Disposition Series 21 1 - $ 323,096 $ 323,096 Series 24 - - 80,040 - Series 26 1 - 69,000 - Series 28 1 - 1,197,000 1,197,000 Series 29 - 1 153,500 153,500 Series 30 1 - 57,000 6,000 Series 33 1 - 1,097,000 1,097,000 Series 34 1 - 37,000 37,000 Series 35 1 1 904,000 904,000 Series 42 - - 39,960 - Total 7 2 $ 3,957,596 $ 3,717,596 * Fund proceeds from disposition include $80,040, $69,000, $51,000 and $39,960, for Series 24, Series 26, Series 30 and Series 42, respectively, recorded as a receivable as of March 31, 2015. 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. |
Schedule Of Summarized Statement Of Operations In Operating Partnerships [Table Text Block] | Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2016. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2016 2015 Revenues Rental $ 18,509,973 $ 24,122,148 Interest and other 599,115 649,330 19,109,088 24,771,478 Expenses Interest 3,086,598 4,308,164 Depreciation and amortization 4,966,028 6,415,732 Operating expenses 13,311,714 16,785,273 21,364,340 27,509,169 NET LOSS $ (2,255,252) $ (2,737,691) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (2,232,699) $ (2,710,313) Net loss allocated to other $ (22,553) $ (27,378) * Amounts include $(2,232,699) and $(2,642,952) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 20 2016 2015 Revenues Rental $ 201,185 $ 210,550 Interest and other 10,498 8,827 211,683 219,377 Expenses Interest 22,806 23,642 Depreciation and amortization 51,151 50,644 Operating expenses 141,812 150,061 215,769 224,347 NET LOSS $ (4,086) $ (4,970) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (4,045) $ (4,920) Net loss allocated to other $ (41) $ (50) * Amounts include $(4,045) and $(4,920) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 21 2016 2015 Revenues Rental $ 129,146 $ 186,127 Interest and other 725 1,527 129,871 187,654 Expenses Interest 15,458 26,766 Depreciation and amortization 20,760 31,425 Operating expenses 93,936 129,816 130,154 188,007 NET LOSS $ (283) $ (353) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (280) $ (349) Net loss allocated to other $ (3) $ (4) * Amounts include $(280) and $(349) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 22 2016 2015 Revenues Rental $ 126,604 $ 316,462 Interest and other 4,482 6,870 131,086 323,332 Expenses Interest 14,772 50,636 Depreciation and amortization 26,718 72,911 Operating expenses 109,352 224,303 150,842 347,850 NET LOSS $ (19,756) $ (24,518) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (19,558) $ (24,273) Net loss allocated to other $ (198) $ (245) * Amounts include $(19,558) and $(24,273) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 23 2016 2015 Revenues Rental $ 418,453 $ 836,752 Interest and other 15,301 24,767 433,754 861,519 Expenses Interest 27,296 113,187 Depreciation and amortization 78,456 216,657 Operating expenses 356,530 614,988 462,282 944,832 NET LOSS $ (28,528) $ (83,313) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (28,242) $ (82,479) Net loss allocated to other $ (286) $ (834) * Amounts include $(28,242) and $(82,479) for 2016 and 2015, of net loss not recognized under the equity method of accounting. Series 24 2016 2015 Revenues Rental $ 260,224 $ 249,137 Interest and other 5,022 4,538 265,246 253,675 Expenses Interest 23,138 23,719 Depreciation and amortization 67,545 69,058 Operating expenses 213,912 197,905 304,595 290,682 NET LOSS $ (39,349) $ (37,007) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (38,956) $ (36,637) Net loss allocated to other $ (393) $ (370) * Amounts include $(38,956) and $(36,637) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 25 2016 2015 Revenues Rental $ 209,643 $ 211,094 Interest and other 4,694 3,221 214,337 214,315 Expenses Interest 34,116 34,116 Depreciation and amortization 35,886 38,832 Operating expenses 162,479 149,488 232,481 222,436 NET LOSS $ (18,144) $ (8,121) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (17,963) $ (8,040) Net loss allocated to other $ (181) $ (81) * Amounts include $(17,963) and $(8,040) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 26 2016 2015 Revenues Rental $ 586,364 $ 697,669 Interest and other 11,708 12,616 598,072 710,285 Expenses Interest 91,631 107,767 Depreciation and amortization 144,008 171,190 Operating expenses 558,083 569,417 793,722 848,374 NET LOSS $ (195,650) $ (138,089) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (193,693) $ (136,708) Net loss allocated to other $ (1,957) $ (1,381) * Amounts include $(193,693) and $(136,708) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 27 2016 2015 Revenues Rental $ 711,261 $ 1,057,831 Interest and other 3,550 15,553 714,811 1,073,384 Expenses Interest 116,238 214,189 Depreciation and amortization 163,727 220,062 Operating expenses 492,795 655,121 772,760 1,089,372 NET LOSS $ (57,949) $ (15,988) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (57,369) $ (15,828) Net loss allocated to other $ (580) $ (160) * Amounts include $(57,369) and $(15,828) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 28 2016 2015 Revenues Rental $ 263,917 $ 526,810 Interest and other 3,748 9,281 267,665 536,091 Expenses Interest 30,526 43,134 Depreciation and amortization 57,693 182,846 Operating expenses 210,878 425,598 299,097 651,578 NET LOSS $ (31,432) $ (115,487) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (31,118) $ (114,332) Net loss allocated to other $ (314) $ (1,155) * Amounts include $(31,118) and $(114,332) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 29 2016 2015 Revenues Rental $ 502,120 $ 512,625 Interest and other 18,745 47,467 520,865 560,092 Expenses Interest 91,472 105,040 Depreciation and amortization 122,083 139,851 Operating expenses 388,451 422,748 602,006 667,639 NET LOSS $ (81,141) $ (107,547) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (80,330) $ (106,472) Net loss allocated to other $ (811) $ (1,075) * Amounts include $(80,330) and $(106,472) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 30 2016 2015 Revenues Rental $ 378,193 $ 777,196 Interest and other 10,062 11,165 388,255 788,361 Expenses Interest 50,242 76,532 Depreciation and amortization 101,332 146,116 Operating expenses 293,819 628,796 445,393 851,444 NET LOSS $ (57,138) $ (63,083) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (56,567) $ (62,452) Net loss allocated to other $ (571) $ (631) * Amounts include $(56,567) and $(62,452) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 31 2016 2015 Revenues Rental $ 976,281 $ 1,418,086 Interest and other 140,449 41,257 1,116,730 1,459,343 Expenses Interest 110,227 169,297 Depreciation and amortization 297,978 314,868 Operating expenses 766,298 1,121,866 1,174,503 1,606,031 NET LOSS $ (57,773) $ (146,688) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (57,195) $ (145,221) Net loss allocated to other $ (578) $ (1,467) * Amounts include $(57,195) and $(145,221) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 32 2016 2015 Revenues Rental $ 878,707 $ 1,185,949 Interest and other 32,582 36,908 911,289 1,222,857 Expenses Interest 124,969 240,075 Depreciation and amortization 269,883 423,632 Operating expenses 769,520 803,146 1,164,372 1,466,853 NET LOSS $ (253,083) $ (243,996) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (250,552) $ (241,556) Net loss allocated to other $ (2,531) $ (2,440) * Amounts include $(250,552) and $(241,556) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 33 2016 2015 Revenues Rental $ 344,977 $ 339,761 Interest and other 9,095 9,074 354,072 348,835 Expenses Interest 52,140 55,051 Depreciation and amortization 100,376 105,019 Operating expenses 259,971 225,555 412,487 385,625 NET LOSS $ (58,415) $ (36,790) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (57,831) $ (36,422) Net loss allocated to other $ (584) $ (368) * Amounts include $(57,831) and $(36,422) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 34 2016 2015 Revenues Rental $ 399,297 $ 687,500 Interest and other 12,376 20,080 411,673 707,580 Expenses Interest 61,004 113,505 Depreciation and amortization 107,674 171,254 Operating expenses 301,745 469,672 470,423 754,431 NET LOSS $ (58,750) $ (46,851) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (58,162) $ (46,382) Net loss allocated to other $ (588) $ (469) * Amounts include $(58,162) and $(46,382) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 35 2016 2015 Revenues Rental $ 601,315 $ 782,421 Interest and other 14,369 30,501 615,684 812,922 Expenses Interest 109,503 157,142 Depreciation and amortization 206,136 229,096 Operating expenses 367,285 473,383 682,924 859,621 NET LOSS $ (67,240) $ (46,699) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (66,568) $ (46,232) Net loss allocated to other $ (672) $ (467) * Amounts include $(66,568) and $(46,232) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 36 2016 2015 Revenues Rental $ 161,678 $ 755,337 Interest and other 3,182 12,077 164,860 767,414 Expenses Interest 27,174 135,444 Depreciation and amortization 48,891 223,028 Operating expenses 120,630 535,236 196,695 893,708 NET LOSS $ (31,835) $ (126,294) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (31,517) $ (125,031) Net loss allocated to other $ (318) $ (1,263) * Amounts include $(31,517) and $(125,031) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 37 2016 2015 Revenues Rental $ 939,788 $ 979,753 Interest and other 23,505 20,056 963,293 999,809 Expenses Interest 168,919 204,446 Depreciation and amortization 245,958 283,860 Operating expenses 648,742 783,797 1,063,619 1,272,103 NET LOSS $ (100,326) $ (272,294) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (99,323) $ (269,571) Net loss allocated to other $ (1,003) $ (2,723) * Amounts include $(99,323) and $(269,571) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 38 2016 2015 Revenues Rental $ 902,172 $ 925,671 Interest and other 18,406 25,348 920,578 951,019 Expenses Interest 153,120 171,918 Depreciation and amortization 213,938 245,242 Operating expenses 569,860 641,772 936,918 1,058,932 NET LOSS $ (16,340) $ (107,913) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (16,177) $ (106,834) Net loss allocated to other $ (163) $ (1,079) * Amounts include $(16,177) and $(106,834) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 39 2016 2015 Revenues Rental $ 453,274 $ 682,961 Interest and other 13,646 30,474 466,920 713,435 Expenses Interest 82,679 122,779 Depreciation and amortization 101,015 196,102 Operating expenses 340,499 537,744 524,193 856,625 NET LOSS $ (57,273) $ (143,190) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (56,700) $ (141,758) Net loss allocated to other $ (573) $ (1,432) * Amounts include $(56,700) and $(141,758) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 40 2016 2015 Revenues Rental $ 730,485 $ 1,078,979 Interest and other 15,015 39,482 745,500 1,118,461 Expenses Interest 132,739 224,002 Depreciation and amortization 233,335 320,526 Operating expenses 521,117 736,881 887,191 1,281,409 NET LOSS $ (141,691) $ (162,948) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (140,274) $ (161,319) Net loss allocated to other $ (1,417) $ (1,629) * Amounts include $(140,274) and $(161,319) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 41 2016 2015 Revenues Rental $ 1,347,760 $ 1,455,639 Interest and other 40,724 38,991 1,388,484 1,494,630 Expenses Interest 258,443 286,370 Depreciation and amortization 339,429 370,559 Operating expenses 903,535 936,889 1,501,407 1,593,818 NET LOSS $ (112,923) $ (99,188) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (111,794) $ (98,196) Net loss allocated to other $ (1,129) $ (992) * Amounts include $(111,794) and $(98,196) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 42 2016 2015 Revenues Rental $ 902,739 $ 1,553,147 Interest and other 46,682 63,337 949,421 1,616,484 Expenses Interest 186,584 306,400 Depreciation and amortization 273,144 408,078 Operating expenses 639,652 994,744 1,099,380 1,709,222 NET LOSS $ (149,959) $ (92,738) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (148,459) $ (91,811) Net loss allocated to other $ (1,500) $ (927) * Amounts include $(148,459) and $(91,811) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 43 2016 2015 Revenues Rental $ 1,304,500 $ 1,955,258 Interest and other 54,715 42,677 1,359,215 1,997,935 Expenses Interest 179,952 342,836 Depreciation and amortization 439,711 549,685 Operating expenses 968,611 1,253,321 1,588,274 2,145,842 NET LOSS $ (229,059) $ (147,907) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (226,768) $ (146,428) Net loss allocated to other $ (2,291) $ (1,479) * Amounts include $(226,768) and $(146,428) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 44 2016 2015 Revenues Rental $ 1,564,348 $ 1,487,031 Interest and other 35,681 36,013 1,600,029 1,523,044 Expenses Interest 366,966 399,238 Depreciation and amortization 375,606 385,784 Operating expenses 884,555 852,959 1,627,127 1,637,981 NET LOSS $ (27,098) $ (114,937) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (26,827) $ (113,788) Net loss allocated to other $ (271) $ (1,149) * Amounts include $(26,827) and $(113,788) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 45 2016 2015 Revenues Rental $ 1,777,506 $ 1,807,037 Interest and other 30,356 30,452 1,807,862 1,837,489 Expenses Interest 258,058 250,958 Depreciation and amortization 501,193 499,315 Operating expenses 1,281,022 1,328,026 2,040,273 2,078,299 NET LOSS $ (232,411) $ (240,810) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (230,087) $ (238,402) Net loss allocated to other $ (2,324) $ (2,408) * Amounts include $(230,087) and $(224,877) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 46 2016 2015 Revenues Rental $ 1,438,036 $ 1,445,365 Interest and other 19,797 26,771 1,457,833 1,472,136 Expenses Interest 296,426 309,975 Depreciation and amortization 342,402 350,092 Operating expenses 946,625 922,041 1,585,453 1,582,108 NET LOSS $ (127,620) $ (109,972) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (126,344) $ (108,872) Net loss allocated to other $ (1,276) $ (1,100) * Amounts include $(126,344) and $(55,036) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. |
ORGANIZATION (Details)
ORGANIZATION (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2016 | Mar. 31, 2016 | |
Capital Unit [Line Items] | ||
BACs Sold | 83,651,080 | 83,651,080 |
Series Twenty [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 24, 1994 | |
BACs Sold | 3,866,700 | 3,866,700 |
Equity Raised | $ 38,667,000 | |
Series Twenty One [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 31, 1994 | |
BACs Sold | 1,892,700 | 1,892,700 |
Equity Raised | $ 18,927,000 | |
Series Twenty Two [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 28, 1994 | |
BACs Sold | 2,564,400 | 2,564,400 |
Equity Raised | $ 25,644,000 | |
Series Twenty Three [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 23, 1995 | |
BACs Sold | 3,336,727 | 3,336,727 |
Equity Raised | $ 33,366,000 | |
Series Twenty Four [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 22, 1995 | |
BACs Sold | 2,169,878 | 2,169,878 |
Equity Raised | $ 21,697,000 | |
Series Twenty Five [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 29, 1995 | |
BACs Sold | 3,026,109 | 3,026,109 |
Equity Raised | $ 30,248,000 | |
Series Twenty Six [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 25, 1996 | |
BACs Sold | 3,995,900 | 3,995,900 |
Equity Raised | $ 39,959,000 | |
Series Twenty Seven [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 17, 1996 | |
BACs Sold | 2,460,700 | 2,460,700 |
Equity Raised | $ 24,607,000 | |
Series Twenty Eight [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 29, 1997 | |
BACs Sold | 4,000,738 | 4,000,738 |
Equity Raised | $ 39,999,000 | |
Series Twenty Nine [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 10, 1997 | |
BACs Sold | 3,991,800 | 3,991,800 |
Equity Raised | $ 39,918,000 | |
Series Thirty [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 10, 1997 | |
BACs Sold | 2,651,000 | 2,651,000 |
Equity Raised | $ 26,490,750 | |
Series Thirty One [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 18, 1998 | |
BACs Sold | 4,417,857 | 4,417,857 |
Equity Raised | $ 44,057,750 | |
Series Thirty Two [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 23, 1998 | |
BACs Sold | 4,754,198 | 4,754,198 |
Equity Raised | $ 47,431,000 | |
Series Thirty Three [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 21, 1998 | |
BACs Sold | 2,636,533 | 2,636,533 |
Equity Raised | $ 26,362,000 | |
Series Thirty Four [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Feb. 11, 1999 | |
BACs Sold | 3,529,319 | 3,529,319 |
Equity Raised | $ 35,273,000 | |
Series Thirty Five [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 28, 1999 | |
BACs Sold | 3,300,463 | 3,300,463 |
Equity Raised | $ 33,004,630 | |
Series Thirty Six [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 28, 1999 | |
BACs Sold | 2,106,838 | 2,106,838 |
Equity Raised | $ 21,068,375 | |
Series Thirty Seven [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 28, 2000 | |
BACs Sold | 2,512,500 | 2,512,500 |
Equity Raised | $ 25,125,000 | |
Series Thirty Eight [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jul. 31, 2000 | |
BACs Sold | 2,543,100 | 2,543,100 |
Equity Raised | $ 25,431,000 | |
Series Thirty Nine [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 31, 2001 | |
BACs Sold | 2,292,151 | 2,292,151 |
Equity Raised | $ 22,921,000 | |
Series Forty [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jul. 31, 2001 | |
BACs Sold | 2,630,256 | 2,630,256 |
Equity Raised | $ 26,269,256 | |
Series Forty One [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 31, 2002 | |
BACs Sold | 2,891,626 | 2,891,626 |
Equity Raised | $ 28,916,260 | |
Series Forty Two [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jul. 31, 2002 | |
BACs Sold | 2,744,262 | 2,744,262 |
Equity Raised | $ 27,442,620 | |
Series Forty Three [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 31, 2002 | |
BACs Sold | 3,637,987 | 3,637,987 |
Equity Raised | $ 36,379,870 | |
Series Forty Four [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Apr. 30, 2003 | |
BACs Sold | 2,701,973 | 2,701,973 |
Equity Raised | $ 27,019,730 | |
Series Forty Five [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 16, 2003 | |
BACs Sold | 4,014,367 | 4,014,367 |
Equity Raised | $ 40,143,670 | |
Series Forty Six [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 19, 2003 | |
BACs Sold | 2,980,998 | 2,980,998 |
Equity Raised | $ 29,809,980 |
ORGANIZATION (Details Textual)
ORGANIZATION (Details Textual) | 1 Months Ended | |||||||||
Jul. 31, 2003shares | Jul. 31, 2002shares | Jul. 31, 2001shares | Jul. 31, 2000shares | Aug. 31, 1999shares | Apr. 30, 1998shares | Apr. 30, 1996shares | Jun. 30, 2016shares | Mar. 31, 2016shares | Dec. 31, 1993shares | |
Organization And Summary Of Significant Accounting Policy [Line Items] | ||||||||||
Limited Partners Capital Account Per Units | 10 | |||||||||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 | 30,000,000 | |||||||
Limited Partners Capital Account Additional Units Registered For Sale | 7,000,000 | 7,000,000 | 7,000,000 | 7,500,000 | 8,000,000 | 25,000,000 | 10,000,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 829,181 | $ 1,005,041 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 8,238 | 8,238 |
Series Twenty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 2,718 | 14,325 |
Series Twenty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,302 | 12,990 |
Series Twenty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 9,552 | 17,682 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 12,588 | 12,588 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 5,934 | 5,934 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 24,717 | 28,615 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 38,358 | 38,358 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 18,147 | 31,455 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 20,546 | 25,385 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 17,421 | 24,515 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 37,521 | 47,002 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 43,080 | 56,622 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 16,398 | 23,733 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 23,317 | 30,093 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 29,893 | 37,982 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 23,702 | 33,120 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 39,330 | 39,330 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 36,936 | 41,100 |
Series Thirty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 21,217 | 31,485 |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 38,716 | 50,004 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 56,148 | 59,391 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 42,870 | 61,560 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 57,693 | 76,695 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 63,657 | 63,657 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 70,800 | 70,800 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 62,382 | $ 62,382 |
RELATED PARTY TRANSACTIONS (D20
RELATED PARTY TRANSACTIONS (Details 1) - USD ($) | 3 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 5,287,056 | $ 3,713,929 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 70,580 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 12,588 | 12,588 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 5,934 | 5,934 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 24,717 | 28,615 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 38,358 | 38,358 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 18,147 | 28,434 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 153,500 | 278,493 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 72,630 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 37,521 | 2,425,567 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 98,790 | 93,416 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 53,079 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 291,000 | 502,727 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 928,250 | 0 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 571,611 | 0 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 32,421 | 0 |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 287,722 | 0 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 100,000 | 0 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 1,636,735 | 103,508 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 1,049,762 | $ 0 |
RELATED PARTY TRANSACTIONS (D21
RELATED PARTY TRANSACTIONS (Details Textual) | 3 Months Ended |
Jun. 30, 2016 | |
Related Party Transaction [Line Items] | |
Percentage Of Annual Management Fee | 0.50% |
INVESTMENTS IN OPERATING PART22
INVESTMENTS IN OPERATING PARTNERSHIPS (Details) - Number | Jun. 30, 2016 | Jun. 30, 2015 |
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 246 | 297 |
Series Twenty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 4 | 4 |
Series Twenty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 2 | 3 |
Series Twenty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 6 |
Series Twenty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 9 |
Series Twenty Four [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 6 | 6 |
Series Twenty Five [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 4 | 4 |
Series Twenty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 14 | 16 |
Series Twenty Seven [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 6 | 7 |
Series Twenty Eight [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 10 |
Series Twenty Nine [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 8 | 9 |
Series Thirty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 8 | 10 |
Series Thirty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 17 | 19 |
Series Thirty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 10 | 11 |
Series Thirty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 5 |
Series Thirty Four [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 6 | 8 |
Series Thirty Five [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 7 |
Series Thirty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 9 |
Series Thirty Seven [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 6 |
Series Thirty Eight [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 8 | 10 |
Series Thirty Nine [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 6 | 9 |
Series Forty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 13 | 16 |
Series Forty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 18 | 19 |
Series Forty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 15 | 20 |
Series Forty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 19 | 23 |
Series Forty Four [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 8 | 8 |
Series Forty Five [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 28 | 28 |
Series Forty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 15 | 15 |
INVESTMENTS IN OPERATING PART23
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 1) - USD ($) | Jun. 30, 2016 | Mar. 31, 2016 | Jun. 30, 2015 |
Contributions Payable [Line Items] | |||
Capital contributions payable | $ 578,113 | $ 578,113 | $ 587,465 |
Series Twenty Two [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 0 | 0 | 9,352 |
Series Twenty Nine [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 8,235 | 8,235 | 8,235 |
Series Thirty [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 105,139 | 105,139 | 105,139 |
Series Thirty One [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 66,294 | 66,294 | 66,294 |
Series Thirty Two [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 1,229 | 1,229 | 1,229 |
Series Thirty Three [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 69,154 | 69,154 | 69,154 |
Series Thirty Seven [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 138,438 | 138,438 | 138,438 |
Series Forty [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 102 | 102 | 102 |
Series Forty One [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 100 | 100 | 100 |
Series Forty Two [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 73,433 | 73,433 | 73,433 |
Series Forty Three [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 99,265 | 99,265 | 99,265 |
Series Forty Five [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | $ 16,724 | $ 16,724 | $ 16,724 |
INVESTMENTS IN OPERATING PART24
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 2) | 3 Months Ended | |||
Jun. 30, 2016USD ($)Number | Jun. 30, 2015USD ($)Number | |||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 9 | 7 | ||
Sale of Underlying Operating Partnership | Number | 3 | 2 | ||
Fund Proceeds from Disposition | $ | $ 7,788,656 | $ 3,957,596 | [1] | |
Gain on Disposition | $ | 7,788,656 | $ 3,717,596 | ||
Series Twenty One [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 0 | $ 323,096 | [1] | |
Gain on Disposition | $ | 323,096 | |||
Series Twenty Three [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 3,550 | $ 0 | ||
Gain on Disposition | $ | 3,550 | |||
Series Twenty Four [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | 0 | $ 80,040 | [1] | |
Gain on Disposition | $ | $ 0 | |||
Series Twenty Six [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 0 | $ 69,000 | [1] | |
Gain on Disposition | $ | 0 | |||
Series Twenty Seven [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Fund Proceeds from Disposition | $ | $ 2,995,000 | $ 0 | ||
Gain on Disposition | $ | $ 2,995,000 | |||
Series Twenty Eight [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | 1 | ||
Sale of Underlying Operating Partnership | Number | 0 | 0 | ||
Fund Proceeds from Disposition | $ | $ 5,000 | $ 1,197,000 | [1] | |
Gain on Disposition | $ | 5,000 | $ 1,197,000 | ||
Series Twenty Nine [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Fund Proceeds from Disposition | $ | 0 | $ 153,500 | [1] | |
Gain on Disposition | $ | $ 153,500 | |||
Series Thirty [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | 0 | $ 57,000 | [1] | |
Gain on Disposition | $ | $ 6,000 | |||
Series Thirty Three [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 0 | $ 1,097,000 | [1] | |
Gain on Disposition | $ | $ 1,097,000 | |||
Series Thirty Four [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | 1 | ||
Sale of Underlying Operating Partnership | Number | 0 | 0 | ||
Fund Proceeds from Disposition | $ | $ 27,500 | $ 37,000 | [1] | |
Gain on Disposition | $ | $ 27,500 | $ 37,000 | ||
Series Thirty Five [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | 1 | ||
Sale of Underlying Operating Partnership | Number | 1 | 1 | ||
Fund Proceeds from Disposition | $ | $ 2,294,803 | $ 904,000 | [1] | |
Gain on Disposition | $ | $ 2,294,803 | 904,000 | ||
Series Thirty Six [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 3 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Fund Proceeds from Disposition | $ | $ 2,417,303 | 0 | ||
Gain on Disposition | $ | $ 2,417,303 | |||
Series Thirty Seven [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 2,500 | 0 | ||
Gain on Disposition | $ | $ 2,500 | |||
Series Thirty Nine [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 22,500 | 0 | ||
Gain on Disposition | $ | $ 22,500 | |||
Series Forty [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 20,500 | $ 0 | ||
Gain on Disposition | $ | $ 20,500 | |||
Series Fourty Two [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | [1] | $ 39,960 | ||
Gain on Disposition | $ | $ 0 | |||
[1] | Fund proceeds from disposition include $80,040, $69,000, $51,000 and $39,960, for Series 24, Series 26, Series 30 and Series 42, respectively, recorded as a receivable as of March 31, 2015. |
INVESTMENTS IN OPERATING PART25
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 3) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Revenues | |||
Rental | $ 18,509,973 | $ 24,122,148 | |
Interest and other | 599,115 | 649,330 | |
Operating Partnerships Revenues | 19,109,088 | 24,771,478 | |
Expenses | |||
Interest | 3,086,598 | 4,308,164 | |
Depreciation and amortization | 4,966,028 | 6,415,732 | |
Operating expenses | 13,311,714 | 16,785,273 | |
Operating Partnerships Total Expenses | 21,364,340 | 27,509,169 | |
NET LOSS | (2,255,252) | (2,737,691) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [1] | (2,232,699) | (2,710,313) |
Net loss allocated to other Partners | (22,553) | (27,378) | |
Series Twenty [Member] | |||
Revenues | |||
Rental | 201,185 | 210,550 | |
Interest and other | 10,498 | 8,827 | |
Operating Partnerships Revenues | 211,683 | 219,377 | |
Expenses | |||
Interest | 22,806 | 23,642 | |
Depreciation and amortization | 51,151 | 50,644 | |
Operating expenses | 141,812 | 150,061 | |
Operating Partnerships Total Expenses | 215,769 | 224,347 | |
NET LOSS | (4,086) | (4,970) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [2] | (4,045) | (4,920) |
Net loss allocated to other Partners | (41) | (50) | |
Series Twenty One [Member] | |||
Revenues | |||
Rental | 129,146 | 186,127 | |
Interest and other | 725 | 1,527 | |
Operating Partnerships Revenues | 129,871 | 187,654 | |
Expenses | |||
Interest | 15,458 | 26,766 | |
Depreciation and amortization | 20,760 | 31,425 | |
Operating expenses | 93,936 | 129,816 | |
Operating Partnerships Total Expenses | 130,154 | 188,007 | |
NET LOSS | (283) | (353) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [3] | (280) | (349) |
Net loss allocated to other Partners | (3) | (4) | |
Series Twenty Two [Member] | |||
Revenues | |||
Rental | 126,604 | 316,462 | |
Interest and other | 4,482 | 6,870 | |
Operating Partnerships Revenues | 131,086 | 323,332 | |
Expenses | |||
Interest | 14,772 | 50,636 | |
Depreciation and amortization | 26,718 | 72,911 | |
Operating expenses | 109,352 | 224,303 | |
Operating Partnerships Total Expenses | 150,842 | 347,850 | |
NET LOSS | (19,756) | (24,518) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [4] | (19,558) | (24,273) |
Net loss allocated to other Partners | (198) | (245) | |
Series Twenty Three [Member] | |||
Revenues | |||
Rental | 418,453 | 836,752 | |
Interest and other | 15,301 | 24,767 | |
Operating Partnerships Revenues | 433,754 | 861,519 | |
Expenses | |||
Interest | 27,296 | 113,187 | |
Depreciation and amortization | 78,456 | 216,657 | |
Operating expenses | 356,530 | 614,988 | |
Operating Partnerships Total Expenses | 462,282 | 944,832 | |
NET LOSS | (28,528) | (83,313) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [5] | (28,242) | (82,479) |
Net loss allocated to other Partners | (286) | (834) | |
Series Twenty Four [Member] | |||
Revenues | |||
Rental | 260,224 | 249,137 | |
Interest and other | 5,022 | 4,538 | |
Operating Partnerships Revenues | 265,246 | 253,675 | |
Expenses | |||
Interest | 23,138 | 23,719 | |
Depreciation and amortization | 67,545 | 69,058 | |
Operating expenses | 213,912 | 197,905 | |
Operating Partnerships Total Expenses | 304,595 | 290,682 | |
NET LOSS | (39,349) | (37,007) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [6] | (38,956) | (36,637) |
Net loss allocated to other Partners | (393) | (370) | |
Series Twenty Five [Member] | |||
Revenues | |||
Rental | 209,643 | 211,094 | |
Interest and other | 4,694 | 3,221 | |
Operating Partnerships Revenues | 214,337 | 214,315 | |
Expenses | |||
Interest | 34,116 | 34,116 | |
Depreciation and amortization | 35,886 | 38,832 | |
Operating expenses | 162,479 | 149,488 | |
Operating Partnerships Total Expenses | 232,481 | 222,436 | |
NET LOSS | (18,144) | (8,121) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [7] | (17,963) | (8,040) |
Net loss allocated to other Partners | (181) | (81) | |
Series Twenty Six [Member] | |||
Revenues | |||
Rental | 586,364 | 697,669 | |
Interest and other | 11,708 | 12,616 | |
Operating Partnerships Revenues | 598,072 | 710,285 | |
Expenses | |||
Interest | 91,631 | 107,767 | |
Depreciation and amortization | 144,008 | 171,190 | |
Operating expenses | 558,083 | 569,417 | |
Operating Partnerships Total Expenses | 793,722 | 848,374 | |
NET LOSS | (195,650) | (138,089) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [8] | (193,693) | (136,708) |
Net loss allocated to other Partners | (1,957) | (1,381) | |
Series Twenty Seven [Member] | |||
Revenues | |||
Rental | 711,261 | 1,057,831 | |
Interest and other | 3,550 | 15,553 | |
Operating Partnerships Revenues | 714,811 | 1,073,384 | |
Expenses | |||
Interest | 116,238 | 214,189 | |
Depreciation and amortization | 163,727 | 220,062 | |
Operating expenses | 492,795 | 655,121 | |
Operating Partnerships Total Expenses | 772,760 | 1,089,372 | |
NET LOSS | (57,949) | (15,988) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [9] | (57,369) | (15,828) |
Net loss allocated to other Partners | (580) | (160) | |
Series Twenty Eight [Member] | |||
Revenues | |||
Rental | 263,917 | 526,810 | |
Interest and other | 3,748 | 9,281 | |
Operating Partnerships Revenues | 267,665 | 536,091 | |
Expenses | |||
Interest | 30,526 | 43,134 | |
Depreciation and amortization | 57,693 | 182,846 | |
Operating expenses | 210,878 | 425,598 | |
Operating Partnerships Total Expenses | 299,097 | 651,578 | |
NET LOSS | (31,432) | (115,487) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [10] | (31,118) | (114,332) |
Net loss allocated to other Partners | (314) | (1,155) | |
Series Twenty Nine [Member] | |||
Revenues | |||
Rental | 502,120 | 512,625 | |
Interest and other | 18,745 | 47,467 | |
Operating Partnerships Revenues | 520,865 | 560,092 | |
Expenses | |||
Interest | 91,472 | 105,040 | |
Depreciation and amortization | 122,083 | 139,851 | |
Operating expenses | 388,451 | 422,748 | |
Operating Partnerships Total Expenses | 602,006 | 667,639 | |
NET LOSS | (81,141) | (107,547) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [11] | (80,330) | (106,472) |
Net loss allocated to other Partners | (811) | (1,075) | |
Series Thirty [Member] | |||
Revenues | |||
Rental | 378,193 | 777,196 | |
Interest and other | 10,062 | 11,165 | |
Operating Partnerships Revenues | 388,255 | 788,361 | |
Expenses | |||
Interest | 50,242 | 76,532 | |
Depreciation and amortization | 101,332 | 146,116 | |
Operating expenses | 293,819 | 628,796 | |
Operating Partnerships Total Expenses | 445,393 | 851,444 | |
NET LOSS | (57,138) | (63,083) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [12] | (56,567) | (62,452) |
Net loss allocated to other Partners | (571) | (631) | |
Series Thirty One [Member] | |||
Revenues | |||
Rental | 976,281 | 1,418,086 | |
Interest and other | 140,449 | 41,257 | |
Operating Partnerships Revenues | 1,116,730 | 1,459,343 | |
Expenses | |||
Interest | 110,227 | 169,297 | |
Depreciation and amortization | 297,978 | 314,868 | |
Operating expenses | 766,298 | 1,121,866 | |
Operating Partnerships Total Expenses | 1,174,503 | 1,606,031 | |
NET LOSS | (57,773) | (146,688) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [13] | (57,195) | (145,221) |
Net loss allocated to other Partners | (578) | (1,467) | |
Series Thirty Two [Member] | |||
Revenues | |||
Rental | 878,707 | 1,185,949 | |
Interest and other | 32,582 | 36,908 | |
Operating Partnerships Revenues | 911,289 | 1,222,857 | |
Expenses | |||
Interest | 124,969 | 240,075 | |
Depreciation and amortization | 269,883 | 423,632 | |
Operating expenses | 769,520 | 803,146 | |
Operating Partnerships Total Expenses | 1,164,372 | 1,466,853 | |
NET LOSS | (253,083) | (243,996) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [14] | (250,552) | (241,556) |
Net loss allocated to other Partners | (2,531) | (2,440) | |
Series Thirty Three [Member] | |||
Revenues | |||
Rental | 344,977 | 339,761 | |
Interest and other | 9,095 | 9,074 | |
Operating Partnerships Revenues | 354,072 | 348,835 | |
Expenses | |||
Interest | 52,140 | 55,051 | |
Depreciation and amortization | 100,376 | 105,019 | |
Operating expenses | 259,971 | 225,555 | |
Operating Partnerships Total Expenses | 412,487 | 385,625 | |
NET LOSS | (58,415) | (36,790) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [15] | (57,831) | (36,422) |
Net loss allocated to other Partners | (584) | (368) | |
Series Thirty Four [Member] | |||
Revenues | |||
Rental | 399,297 | 687,500 | |
Interest and other | 12,376 | 20,080 | |
Operating Partnerships Revenues | 411,673 | 707,580 | |
Expenses | |||
Interest | 61,004 | 113,505 | |
Depreciation and amortization | 107,674 | 171,254 | |
Operating expenses | 301,745 | 469,672 | |
Operating Partnerships Total Expenses | 470,423 | 754,431 | |
NET LOSS | (58,750) | (46,851) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [16] | (58,162) | (46,382) |
Net loss allocated to other Partners | (588) | (469) | |
Series Thirty Five [Member] | |||
Revenues | |||
Rental | 601,315 | 782,421 | |
Interest and other | 14,369 | 30,501 | |
Operating Partnerships Revenues | 615,684 | 812,922 | |
Expenses | |||
Interest | 109,503 | 157,142 | |
Depreciation and amortization | 206,136 | 229,096 | |
Operating expenses | 367,285 | 473,383 | |
Operating Partnerships Total Expenses | 682,924 | 859,621 | |
NET LOSS | (67,240) | (46,699) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [17] | (66,568) | (46,232) |
Net loss allocated to other Partners | (672) | (467) | |
Series Thirty Six [Member] | |||
Revenues | |||
Rental | 161,678 | 755,337 | |
Interest and other | 3,182 | 12,077 | |
Operating Partnerships Revenues | 164,860 | 767,414 | |
Expenses | |||
Interest | 27,174 | 135,444 | |
Depreciation and amortization | 48,891 | 223,028 | |
Operating expenses | 120,630 | 535,236 | |
Operating Partnerships Total Expenses | 196,695 | 893,708 | |
NET LOSS | (31,835) | (126,294) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [18] | (31,517) | (125,031) |
Net loss allocated to other Partners | (318) | (1,263) | |
Series Thirty Seven [Member] | |||
Revenues | |||
Rental | 939,788 | 979,753 | |
Interest and other | 23,505 | 20,056 | |
Operating Partnerships Revenues | 963,293 | 999,809 | |
Expenses | |||
Interest | 168,919 | 204,446 | |
Depreciation and amortization | 245,958 | 283,860 | |
Operating expenses | 648,742 | 783,797 | |
Operating Partnerships Total Expenses | 1,063,619 | 1,272,103 | |
NET LOSS | (100,326) | (272,294) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [19] | (99,323) | (269,571) |
Net loss allocated to other Partners | (1,003) | (2,723) | |
Series Thirty Eight [Member] | |||
Revenues | |||
Rental | 902,172 | 925,671 | |
Interest and other | 18,406 | 25,348 | |
Operating Partnerships Revenues | 920,578 | 951,019 | |
Expenses | |||
Interest | 153,120 | 171,918 | |
Depreciation and amortization | 213,938 | 245,242 | |
Operating expenses | 569,860 | 641,772 | |
Operating Partnerships Total Expenses | 936,918 | 1,058,932 | |
NET LOSS | (16,340) | (107,913) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [20] | (16,177) | (106,834) |
Net loss allocated to other Partners | (163) | (1,079) | |
Series Thirty Nine [Member] | |||
Revenues | |||
Rental | 453,274 | 682,961 | |
Interest and other | 13,646 | 30,474 | |
Operating Partnerships Revenues | 466,920 | 713,435 | |
Expenses | |||
Interest | 82,679 | 122,779 | |
Depreciation and amortization | 101,015 | 196,102 | |
Operating expenses | 340,499 | 537,744 | |
Operating Partnerships Total Expenses | 524,193 | 856,625 | |
NET LOSS | (57,273) | (143,190) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [21] | (56,700) | (141,758) |
Net loss allocated to other Partners | (573) | (1,432) | |
Series Forty [Member] | |||
Revenues | |||
Rental | 730,485 | 1,078,979 | |
Interest and other | 15,015 | 39,482 | |
Operating Partnerships Revenues | 745,500 | 1,118,461 | |
Expenses | |||
Interest | 132,739 | 224,002 | |
Depreciation and amortization | 233,335 | 320,526 | |
Operating expenses | 521,117 | 736,881 | |
Operating Partnerships Total Expenses | 887,191 | 1,281,409 | |
NET LOSS | (141,691) | (162,948) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [22] | (140,274) | (161,319) |
Net loss allocated to other Partners | (1,417) | (1,629) | |
Series Forty One [Member] | |||
Revenues | |||
Rental | 1,347,760 | 1,455,639 | |
Interest and other | 40,724 | 38,991 | |
Operating Partnerships Revenues | 1,388,484 | 1,494,630 | |
Expenses | |||
Interest | 258,443 | 286,370 | |
Depreciation and amortization | 339,429 | 370,559 | |
Operating expenses | 903,535 | 936,889 | |
Operating Partnerships Total Expenses | 1,501,407 | 1,593,818 | |
NET LOSS | (112,923) | (99,188) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [23] | (111,794) | (98,196) |
Net loss allocated to other Partners | (1,129) | (992) | |
Series Forty Two [Member] | |||
Revenues | |||
Rental | 902,739 | 1,553,147 | |
Interest and other | 46,682 | 63,337 | |
Operating Partnerships Revenues | 949,421 | 1,616,484 | |
Expenses | |||
Interest | 186,584 | 306,400 | |
Depreciation and amortization | 273,144 | 408,078 | |
Operating expenses | 639,652 | 994,744 | |
Operating Partnerships Total Expenses | 1,099,380 | 1,709,222 | |
NET LOSS | (149,959) | (92,738) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [24] | (148,459) | (91,811) |
Net loss allocated to other Partners | (1,500) | (927) | |
Series Forty Three [Member] | |||
Revenues | |||
Rental | 1,304,500 | 1,955,258 | |
Interest and other | 54,715 | 42,677 | |
Operating Partnerships Revenues | 1,359,215 | 1,997,935 | |
Expenses | |||
Interest | 179,952 | 342,836 | |
Depreciation and amortization | 439,711 | 549,685 | |
Operating expenses | 968,611 | 1,253,321 | |
Operating Partnerships Total Expenses | 1,588,274 | 2,145,842 | |
NET LOSS | (229,059) | (147,907) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [25] | (226,768) | (146,428) |
Net loss allocated to other Partners | (2,291) | (1,479) | |
Series Forty Four [Member] | |||
Revenues | |||
Rental | 1,564,348 | 1,487,031 | |
Interest and other | 35,681 | 36,013 | |
Operating Partnerships Revenues | 1,600,029 | 1,523,044 | |
Expenses | |||
Interest | 366,966 | 399,238 | |
Depreciation and amortization | 375,606 | 385,784 | |
Operating expenses | 884,555 | 852,959 | |
Operating Partnerships Total Expenses | 1,627,127 | 1,637,981 | |
NET LOSS | (27,098) | (114,937) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [26] | (26,827) | (113,788) |
Net loss allocated to other Partners | (271) | (1,149) | |
Series Forty Five [Member] | |||
Revenues | |||
Rental | 1,777,506 | 1,807,037 | |
Interest and other | 30,356 | 30,452 | |
Operating Partnerships Revenues | 1,807,862 | 1,837,489 | |
Expenses | |||
Interest | 258,058 | 250,958 | |
Depreciation and amortization | 501,193 | 499,315 | |
Operating expenses | 1,281,022 | 1,328,026 | |
Operating Partnerships Total Expenses | 2,040,273 | 2,078,299 | |
NET LOSS | (232,411) | (240,810) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [27] | (230,087) | (238,402) |
Net loss allocated to other Partners | (2,324) | (2,408) | |
Series Forty Six [Member] | |||
Revenues | |||
Rental | 1,438,036 | 1,445,365 | |
Interest and other | 19,797 | 26,771 | |
Operating Partnerships Revenues | 1,457,833 | 1,472,136 | |
Expenses | |||
Interest | 296,426 | 309,975 | |
Depreciation and amortization | 342,402 | 350,092 | |
Operating expenses | 946,625 | 922,041 | |
Operating Partnerships Total Expenses | 1,585,453 | 1,582,108 | |
NET LOSS | (127,620) | (109,972) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [28] | (126,344) | (108,872) |
Net loss allocated to other Partners | $ (1,276) | $ (1,100) | |
[1] | Amounts include $(2,232,699) and $(2,642,952) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[2] | Amounts include $(4,045) and $(4,920) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[3] | Amounts include $(280) and $(349) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[4] | Amounts include $(19,558) and $(24,273) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[5] | Amounts include $(28,242) and $(82,479) for 2016 and 2015, of net loss not recognized under the equity method of accounting. | ||
[6] | Amounts include $(38,956) and $(36,637) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[7] | Amounts include $(17,963) and $(8,040) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[8] | Amounts include $(193,693) and $(136,708) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[9] | Amounts include $(57,369) and $(15,828) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[10] | Amounts include $(31,118) and $(114,332) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[11] | Amounts include $(80,330) and $(106,472) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[12] | Amounts include $(56,567) and $(62,452) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[13] | Amounts include $(57,195) and $(145,221) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[14] | Amounts include $(250,552) and $(241,556) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[15] | Amounts include $(57,831) and $(36,422) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[16] | Amounts include $(58,162) and $(46,382) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[17] | Amounts include $(66,568) and $(46,232) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[18] | Amounts include $(31,517) and $(125,031) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[19] | Amounts include $(99,323) and $(269,571) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[20] | Amounts include $(16,177) and $(106,834) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[21] | Amounts include $(56,700) and $(141,758) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[22] | Amounts include $(140,274) and $(161,319) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[23] | Amounts include $(111,794) and $(98,196) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[24] | Amounts include $(148,459) and $(91,811) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[25] | Amounts include $(226,768) and $(146,428) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[26] | Amounts include $(26,827) and $(113,788) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[27] | Amounts include $(230,087) and $(224,877) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[28] | Amounts include $(126,344) and $(55,036) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. |
INVESTMENTS IN OPERATING PART26
INVESTMENTS IN OPERATING PARTNERSHIPS (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | $ (2,232,699) | $ (2,642,952) |
Series Twenty [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (4,045) | (4,920) |
Series Twenty One [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (280) | (349) |
Series Twenty Two [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (19,558) | (24,273) |
Series Twenty Three [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (28,242) | (82,479) |
Series Twenty Four [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (38,956) | (36,637) |
Fund Receivable | 80,040 | |
Series Twenty Five [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (17,963) | (8,040) |
Series Twenty Six [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (193,693) | (136,708) |
Fund Receivable | 69,000 | |
Series Twenty Seven [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (57,369) | (15,828) |
Series Twenty Eight [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (31,118) | (114,332) |
Series Twenty Nine [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (80,330) | (106,472) |
Series Thirty [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (56,567) | (62,452) |
Fund Receivable | 51,000 | |
Series Thirty One [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (57,195) | (145,221) |
Series Thirty Two [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (250,552) | (241,556) |
Series Thirty Three [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (57,831) | (36,422) |
Series Thirty Four [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (58,162) | (46,382) |
Series Thirty Five [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (66,568) | (46,232) |
Series Thirty Six [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (31,517) | (125,031) |
Series Thirty Seven [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (99,323) | (269,571) |
Series Thirty Eight [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (16,177) | (106,834) |
Series Thirty Nine [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (56,700) | (141,758) |
Series Forty [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (140,274) | (161,319) |
Series Forty One [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (111,794) | (98,196) |
Series Forty Two [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (148,459) | (91,811) |
Fund Receivable | 39,960 | |
Series Forty Three [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (226,768) | (146,428) |
Series Forty Four [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (26,827) | (113,788) |
Series Forty Five [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | (230,087) | (224,877) |
Series Forty Six [Member] | ||
Investments In Operating Limited Partnerships [Line Items] | ||
Income Loss Not Recognized Under Equity Method Accounting | $ (126,344) | $ (55,036) |
SUBSEQUENT EVENTS (Details Text
SUBSEQUENT EVENTS (Details Textual) - Subsequent Event [Member] | 3 Months Ended |
Sep. 30, 2016USD ($) | |
Subsequent Event [Line Items] | |
Estimated Cash Proceeds To Operating Partnership | $ 332,500 |
Estimated Gain On The Sale Of The Operating Partnerships | $ 314,000 |