Document And Entity Information
Document And Entity Information | 6 Months Ended |
Sep. 30, 2016shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2016 |
Document Fiscal Year Focus | 2,017 |
Document Fiscal Period Focus | Q2 |
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 ($) | Sep. 30, 2016 | Mar. 31, 2016 |
OTHER ASSETS | ||
Cash and cash equivalents | $ 22,407,386 | $ 21,728,069 |
Notes receivable | 22,790 | 22,790 |
Other assets | 164,773 | 164,773 |
ASSETS | 22,594,949 | 21,915,632 |
LIABILITIES | ||
Accounts payable and accrued expenses | 671,821 | 685,806 |
Accounts payable affiliates (Note C) | 41,468,761 | 49,270,814 |
Capital contributions payable | 578,113 | 578,113 |
LIABILITIES | 42,718,695 | 50,534,733 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (12,879,983) | (21,290,383) |
General Partner | (7,243,763) | (7,328,718) |
PARTNERS' CAPITAL (DEFICIT) | (20,123,746) | (28,619,101) |
Liabilities and Stockholders' Equity | 22,594,949 | 21,915,632 |
Series Twenty [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 298,805 | 180,896 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 298,805 | 180,896 |
LIABILITIES | ||
Accounts payable and accrued expenses | 3,000 | 0 |
Accounts payable affiliates (Note C) | 1,455,832 | 1,442,059 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,458,832 | 1,442,059 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (840,174) | (940,299) |
General Partner | (319,853) | (320,864) |
PARTNERS' CAPITAL (DEFICIT) | (1,160,027) | (1,261,163) |
Liabilities and Stockholders' Equity | 298,805 | 180,896 |
Series Twenty One [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 256,648 | 425,168 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 256,648 | 425,168 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,315,801 | 1,460,365 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,315,801 | 1,460,365 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (886,610) | (862,894) |
General Partner | (172,543) | (172,303) |
PARTNERS' CAPITAL (DEFICIT) | (1,059,153) | (1,035,197) |
Liabilities and Stockholders' Equity | 256,648 | 425,168 |
Series Twenty Two [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 271,102 | 295,650 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 271,102 | 295,650 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,834,293 | 2,819,689 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,834,293 | 2,819,689 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,318,475) | (2,279,715) |
General Partner | (244,716) | (244,324) |
PARTNERS' CAPITAL (DEFICIT) | (2,563,191) | (2,524,039) |
Liabilities and Stockholders' Equity | 271,102 | 295,650 |
Series Twenty Three [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 198,308 | 219,677 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 198,308 | 219,677 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,071,134 | 2,052,312 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,071,134 | 2,052,312 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,569,251) | (1,529,462) |
General Partner | (303,575) | (303,173) |
PARTNERS' CAPITAL (DEFICIT) | (1,872,826) | (1,832,635) |
Liabilities and Stockholders' Equity | 198,308 | 219,677 |
Series Twenty Four [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 462,127 | 502,552 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 462,127 | 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) | ||
Assignees limited partner | 636,757 | 676,778 |
General Partner | (174,630) | (174,226) |
PARTNERS' CAPITAL (DEFICIT) | 462,127 | 502,552 |
Liabilities and Stockholders' Equity | 462,127 | 502,552 |
Series Twenty Five [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 376,568 | 395,797 |
Notes receivable | 0 | 0 |
Other assets | 1,250 | 1,250 |
ASSETS | 377,818 | 397,047 |
LIABILITIES | ||
Accounts payable and accrued expenses | 688 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 688 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 596,975 | 616,693 |
General Partner | (219,845) | (219,646) |
PARTNERS' CAPITAL (DEFICIT) | 377,130 | 397,047 |
Liabilities and Stockholders' Equity | 377,818 | 397,047 |
Series Twenty Six [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 752,769 | 809,362 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 752,769 | 809,362 |
LIABILITIES | ||
Accounts payable and accrued expenses | 8,960 | 4,960 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 8,960 | 4,960 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,054,714 | 1,114,701 |
General Partner | (310,905) | (310,299) |
PARTNERS' CAPITAL (DEFICIT) | 743,809 | 804,402 |
Liabilities and Stockholders' Equity | 752,769 | 809,362 |
Series Twenty Seven [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 3,799,627 | 899,636 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 3,799,627 | 899,636 |
LIABILITIES | ||
Accounts payable and accrued expenses | 4,000 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 4,000 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 3,964,118 | 1,097,087 |
General Partner | (168,491) | (197,451) |
PARTNERS' CAPITAL (DEFICIT) | 3,795,627 | 899,636 |
Liabilities and Stockholders' Equity | 3,799,627 | 899,636 |
Series Twenty Eight [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 838,478 | 884,427 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 838,478 | 884,427 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 7,500 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 7,500 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,111,930 | 1,149,995 |
General Partner | (273,452) | (273,068) |
PARTNERS' CAPITAL (DEFICIT) | 838,478 | 876,927 |
Liabilities and Stockholders' Equity | 838,478 | 884,427 |
Series Twenty Nine [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 395,748 | 618,758 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 395,748 | 618,758 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 3,466,098 | 3,578,505 |
Capital contributions payable | 8,235 | 8,235 |
LIABILITIES | 3,474,333 | 3,586,740 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,709,152) | (2,599,655) |
General Partner | (369,433) | (368,327) |
PARTNERS' CAPITAL (DEFICIT) | (3,078,585) | (2,967,982) |
Liabilities and Stockholders' Equity | 395,748 | 618,758 |
Series Thirty [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 285,793 | 304,293 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 285,793 | 304,293 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,607,134 | 1,572,292 |
Capital contributions payable | 105,139 | 105,139 |
LIABILITIES | 1,712,273 | 1,677,431 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,185,160) | (1,132,351) |
General Partner | (241,320) | (240,787) |
PARTNERS' CAPITAL (DEFICIT) | (1,426,480) | (1,373,138) |
Liabilities and Stockholders' Equity | 285,793 | 304,293 |
Series Thirty One [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 1,245,688 | 1,351,761 |
Notes receivable | 0 | 0 |
Other assets | 25,000 | 25,000 |
ASSETS | 1,270,688 | 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) | ||
Assignees limited partner | 1,571,609 | 1,673,651 |
General Partner | (367,215) | (366,184) |
PARTNERS' CAPITAL (DEFICIT) | 1,204,394 | 1,307,467 |
Liabilities and Stockholders' Equity | 1,270,688 | 1,376,761 |
Series Thirty Two [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 284,118 | 1,061,685 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 284,118 | 1,061,685 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 7,000 |
Accounts payable affiliates (Note C) | 2,695,425 | 3,366,055 |
Capital contributions payable | 1,229 | 1,229 |
LIABILITIES | 2,696,654 | 3,374,284 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,982,048) | (1,883,110) |
General Partner | (430,488) | (429,489) |
PARTNERS' CAPITAL (DEFICIT) | (2,412,536) | (2,312,599) |
Liabilities and Stockholders' Equity | 284,118 | 1,061,685 |
Series Thirty Three [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 353,519 | 1,266,455 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 353,519 | 1,266,455 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,158,032 | 2,025,236 |
Capital contributions payable | 69,154 | 69,154 |
LIABILITIES | 1,227,186 | 2,094,390 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (639,151) | (593,876) |
General Partner | (234,516) | (234,059) |
PARTNERS' CAPITAL (DEFICIT) | (873,667) | (827,935) |
Liabilities and Stockholders' Equity | 353,519 | 1,266,455 |
Series Thirty Four [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 637,230 | 674,173 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 637,230 | 674,173 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 3,354,103 | 3,603,434 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 3,354,103 | 3,603,434 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,389,315) | (2,599,579) |
General Partner | (327,558) | (329,682) |
PARTNERS' CAPITAL (DEFICIT) | (2,716,873) | (2,929,261) |
Liabilities and Stockholders' Equity | 637,230 | 674,173 |
Series Thirty Five [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 2,634,270 | 1,693,223 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 2,634,270 | 1,693,223 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,085,590 | 2,494,235 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,085,590 | 2,494,235 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,815,218 | (510,977) |
General Partner | (266,538) | (290,035) |
PARTNERS' CAPITAL (DEFICIT) | 1,548,680 | (801,012) |
Liabilities and Stockholders' Equity | 2,634,270 | 1,693,223 |
Series Thirty Six [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 2,933,948 | 979,340 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 2,933,948 | 979,340 |
LIABILITIES | ||
Accounts payable and accrued expenses | 131,000 | 133,500 |
Accounts payable affiliates (Note C) | 752,253 | 1,292,536 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 883,253 | 1,426,036 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 2,208,851 | (263,566) |
General Partner | (158,156) | (183,130) |
PARTNERS' CAPITAL (DEFICIT) | 2,050,695 | (446,696) |
Liabilities and Stockholders' Equity | 2,933,948 | 979,340 |
Series Thirty Seven [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 2,269,345 | 340,689 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 2,269,345 | 340,689 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,575,162 | 2,501,407 |
Capital contributions payable | 138,438 | 138,438 |
LIABILITIES | 2,713,600 | 2,639,845 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (224,248) | (2,060,600) |
General Partner | (220,007) | (238,556) |
PARTNERS' CAPITAL (DEFICIT) | (444,255) | (2,299,156) |
Liabilities and Stockholders' Equity | 2,269,345 | 340,689 |
Series Thirty Eight [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 332,494 | 333,474 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 332,494 | 333,474 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 4,779 |
Accounts payable affiliates (Note C) | 2,062,083 | 2,020,632 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,062,083 | 2,025,411 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,494,008) | (1,456,733) |
General Partner | (235,581) | (235,204) |
PARTNERS' CAPITAL (DEFICIT) | (1,729,589) | (1,691,937) |
Liabilities and Stockholders' Equity | 332,494 | 333,474 |
Series Thirty Nine [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 317,682 | 313,691 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 317,682 | 313,691 |
LIABILITIES | ||
Accounts payable and accrued expenses | 9,000 | 4,894 |
Accounts payable affiliates (Note C) | 1,709,936 | 1,775,213 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,718,936 | 1,780,107 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,190,799) | (1,255,309) |
General Partner | (210,455) | (211,107) |
PARTNERS' CAPITAL (DEFICIT) | (1,401,254) | (1,466,416) |
Liabilities and Stockholders' Equity | 317,682 | 313,691 |
Series Forty [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 246,648 | 510,705 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 246,648 | 510,705 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 5,000 |
Accounts payable affiliates (Note C) | 2,647,920 | 2,862,316 |
Capital contributions payable | 102 | 102 |
LIABILITIES | 2,648,022 | 2,867,418 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,152,416) | (2,108,202) |
General Partner | (248,958) | (248,511) |
PARTNERS' CAPITAL (DEFICIT) | (2,401,374) | (2,356,713) |
Liabilities and Stockholders' Equity | 246,648 | 510,705 |
Series Forty One [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 206,693 | 331,029 |
Notes receivable | 0 | 0 |
Other assets | 1,218 | 1,218 |
ASSETS | 207,911 | 332,247 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 3,173,959 | 3,161,663 |
Capital contributions payable | 100 | 100 |
LIABILITIES | 3,174,059 | 3,161,763 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,687,318) | (2,552,052) |
General Partner | (278,830) | (277,464) |
PARTNERS' CAPITAL (DEFICIT) | (2,966,148) | (2,829,516) |
Liabilities and Stockholders' Equity | 207,911 | 332,247 |
Series Forty Two [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 1,247,109 | 3,412,757 |
Notes receivable | 22,790 | 22,790 |
Other assets | 51,003 | 51,003 |
ASSETS | 1,320,902 | 3,486,550 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 85,740 | 2,141,040 |
Capital contributions payable | 73,433 | 73,433 |
LIABILITIES | 159,173 | 2,214,473 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,391,049 | 1,500,294 |
General Partner | (229,320) | (228,217) |
PARTNERS' CAPITAL (DEFICIT) | 1,161,729 | 1,272,077 |
Liabilities and Stockholders' Equity | 1,320,902 | 3,486,550 |
Series Forty Three [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 684,468 | 2,886,991 |
Notes receivable | 0 | 0 |
Other assets | 82,514 | 82,514 |
ASSETS | 766,982 | 2,969,505 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 973,632 | 3,061,116 |
Capital contributions payable | 99,265 | 99,265 |
LIABILITIES | 1,072,897 | 3,160,381 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 18,665 | 132,554 |
General Partner | (324,580) | (323,430) |
PARTNERS' CAPITAL (DEFICIT) | (305,915) | (190,876) |
Liabilities and Stockholders' Equity | 766,982 | 2,969,505 |
Series Forty Four [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 44,038 | 44,503 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 44,038 | 44,503 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,460,923 | 2,331,303 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,460,923 | 2,331,303 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,155,268) | (2,026,484) |
General Partner | (261,617) | (260,316) |
PARTNERS' CAPITAL (DEFICIT) | (2,416,885) | (2,286,800) |
Liabilities and Stockholders' Equity | 44,038 | 44,503 |
Series Forty Five [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 779,765 | 748,100 |
Notes receivable | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 779,765 | 748,100 |
LIABILITIES | ||
Accounts payable and accrued expenses | 515,173 | 515,173 |
Accounts payable affiliates (Note C) | 2,208,060 | 2,058,519 |
Capital contributions payable | 16,724 | 16,724 |
LIABILITIES | 2,739,957 | 2,590,416 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,586,928) | (1,470,231) |
General Partner | (373,264) | (372,085) |
PARTNERS' CAPITAL (DEFICIT) | (1,960,192) | (1,842,316) |
Liabilities and Stockholders' Equity | 779,765 | 748,100 |
Series Forty Six [Member] | ||
OTHER ASSETS | ||
Cash and cash equivalents | 254,398 | 243,277 |
Notes receivable | 0 | 0 |
Other assets | 3,788 | 3,788 |
ASSETS | 258,186 | 247,065 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,775,651 | 1,650,887 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,775,651 | 1,650,887 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,239,548) | (1,127,041) |
General Partner | (277,917) | (276,781) |
PARTNERS' CAPITAL (DEFICIT) | (1,517,465) | (1,403,822) |
Liabilities and Stockholders' Equity | $ 258,186 | $ 247,065 |
CONDENSED BALANCE SHEETS _Paren
CONDENSED BALANCE SHEETS [Parenthetical] - $ / shares | Sep. 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 | 6 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Income | ||||
Interest income | $ 13,661 | $ 14,604 | $ 26,477 | $ 28,305 |
Other income | 65,011 | 111,269 | 193,183 | 323,723 |
Revenues | 78,672 | 125,873 | 219,660 | 352,028 |
Share of income (loss) from Operating Partnerships (Note D) | 2,624,637 | 8,221,418 | 10,413,293 | 11,871,653 |
Expenses | ||||
Professional fees | 394,385 | 414,251 | 580,410 | 533,951 |
Fund management fee, net (Note C) | 675,651 | 843,244 | 1,262,700 | 1,708,377 |
General and administrative expenses | 173,768 | 123,228 | 294,488 | 202,013 |
Operating expenses | 1,243,804 | 1,380,723 | 2,137,598 | 2,444,341 |
NET INCOME (LOSS) | 1,459,505 | 6,966,568 | 8,495,355 | 9,779,340 |
Net income (loss) allocated to assignees | 1,444,911 | 6,896,905 | 8,410,400 | 9,681,545 |
Net income (loss) allocated to general partner | $ 14,594 | $ 69,663 | $ 84,955 | $ 97,795 |
Net income (loss) per BAC (in dollars per unit) | $ 0.02 | $ 0.08 | $ 0.10 | $ 0.12 |
Series Twenty [Member] | ||||
Income | ||||
Interest income | $ 117 | $ 132 | $ 221 | $ 266 |
Other income | 0 | 0 | 0 | 0 |
Revenues | 117 | 132 | 221 | 266 |
Share of income (loss) from Operating Partnerships (Note D) | 138,000 | 0 | 138,000 | 0 |
Expenses | ||||
Professional fees | 8,653 | 13,962 | 11,716 | 17,442 |
Fund management fee, net (Note C) | 5,335 | 8,104 | 12,873 | 14,959 |
General and administrative expenses | 7,503 | 5,431 | 12,496 | 8,681 |
Operating expenses | 21,491 | 27,497 | 37,085 | 41,082 |
NET INCOME (LOSS) | 116,626 | (27,365) | 101,136 | (40,816) |
Net income (loss) allocated to assignees | 115,460 | (27,091) | 100,125 | (40,408) |
Net income (loss) allocated to general partner | $ 1,166 | $ (274) | $ 1,011 | $ (408) |
Net income (loss) per BAC (in dollars per unit) | $ 0.03 | $ (0.01) | $ 0.03 | $ (0.01) |
Series Twenty One [Member] | ||||
Income | ||||
Interest income | $ 156 | $ 144 | $ 380 | $ 226 |
Other income | 859 | 0 | 859 | 0 |
Revenues | 1,015 | 144 | 1,239 | 226 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 3,177 | 0 | 326,273 |
Expenses | ||||
Professional fees | 9,737 | 9,092 | 12,719 | 11,912 |
Fund management fee, net (Note C) | 1,130 | 1,341 | 3,385 | 15,666 |
General and administrative expenses | 5,503 | 3,847 | 9,091 | 6,368 |
Operating expenses | 16,370 | 14,280 | 25,195 | 33,946 |
NET INCOME (LOSS) | (15,355) | (10,959) | (23,956) | 292,553 |
Net income (loss) allocated to assignees | (15,201) | (10,849) | (23,716) | 289,627 |
Net income (loss) allocated to general partner | $ (154) | $ (110) | $ (240) | $ 2,926 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) | $ (0.01) | $ 0.15 |
Series Twenty Two [Member] | ||||
Income | ||||
Interest income | $ 99 | $ 40 | $ 205 | $ 78 |
Other income | 0 | 433 | 0 | 433 |
Revenues | 99 | 473 | 205 | 511 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 232,989 | 0 | 232,989 |
Expenses | ||||
Professional fees | 11,304 | 12,422 | 14,659 | 16,067 |
Fund management fee, net (Note C) | 7,302 | 11,181 | 14,104 | 20,460 |
General and administrative expenses | 6,397 | 4,513 | 10,594 | 7,367 |
Operating expenses | 25,003 | 28,116 | 39,357 | 43,894 |
NET INCOME (LOSS) | (24,904) | 205,346 | (39,152) | 189,606 |
Net income (loss) allocated to assignees | (24,655) | 203,293 | (38,760) | 187,710 |
Net income (loss) allocated to general partner | $ (249) | $ 2,053 | $ (392) | $ 1,896 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0.08 | $ (0.02) | $ 0.07 |
Series Twenty Three [Member] | ||||
Income | ||||
Interest income | $ 74 | $ 68 | $ 165 | $ 136 |
Other income | 0 | 1,299 | 0 | 1,299 |
Revenues | 74 | 1,367 | 165 | 1,435 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 215,459 | 3,550 | 215,459 |
Expenses | ||||
Professional fees | 12,999 | 14,062 | 18,081 | 18,037 |
Fund management fee, net (Note C) | 6,270 | 16,523 | 13,742 | 18,976 |
General and administrative expenses | 7,220 | 5,223 | 12,083 | 8,403 |
Operating expenses | 26,489 | 35,808 | 43,906 | 45,416 |
NET INCOME (LOSS) | (26,415) | 181,018 | (40,191) | 171,478 |
Net income (loss) allocated to assignees | (26,151) | 179,208 | (39,789) | 169,763 |
Net income (loss) allocated to general partner | $ (264) | $ 1,810 | $ (402) | $ 1,715 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0.05 | $ (0.01) | $ 0.05 |
Series Twenty Four [Member] | ||||
Income | ||||
Interest income | $ 105 | $ 659 | $ 210 | $ 1,348 |
Other income | 2,062 | 500 | 3,742 | 2,180 |
Revenues | 2,167 | 1,159 | 3,952 | 3,528 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 16,675 | 0 | 16,675 |
Expenses | ||||
Professional fees | 9,631 | 12,009 | 13,150 | 15,489 |
Fund management fee, net (Note C) | 11,150 | 11,754 | 20,548 | 21,652 |
General and administrative expenses | 5,949 | 4,418 | 10,679 | 7,280 |
Operating expenses | 26,730 | 28,181 | 44,377 | 44,421 |
NET INCOME (LOSS) | (24,563) | (10,347) | (40,425) | (24,218) |
Net income (loss) allocated to assignees | (24,317) | (10,244) | (40,021) | (23,976) |
Net income (loss) allocated to general partner | $ (246) | $ (103) | $ (404) | $ (242) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0 | $ (0.02) | $ (0.01) |
Series Twenty Five [Member] | ||||
Income | ||||
Interest income | $ 87 | $ 2,846 | $ 175 | $ 5,698 |
Other income | 10,162 | 10,162 | 10,162 | 10,162 |
Revenues | 10,249 | 13,008 | 10,337 | 15,860 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 8,628 | 11,600 | 11,658 | 14,915 |
Fund management fee, net (Note C) | 224 | 4,992 | 6,158 | 10,926 |
General and administrative expenses | 6,792 | 5,036 | 12,438 | 8,167 |
Operating expenses | 15,644 | 21,628 | 30,254 | 34,008 |
NET INCOME (LOSS) | (5,395) | (8,620) | (19,917) | (18,148) |
Net income (loss) allocated to assignees | (5,341) | (8,534) | (19,718) | (17,967) |
Net income (loss) allocated to general partner | $ (54) | $ (86) | $ (199) | $ (181) |
Net income (loss) per BAC (in dollars per unit) | $ 0 | $ 0 | $ (0.01) | $ (0.01) |
Series Twenty Six [Member] | ||||
Income | ||||
Interest income | $ 229 | $ 1,394 | $ 578 | $ 2,808 |
Other income | 796 | 2,363 | 1,216 | 2,363 |
Revenues | 1,025 | 3,757 | 1,794 | 5,171 |
Share of income (loss) from Operating Partnerships (Note D) | 18,500 | 59,000 | 18,500 | 59,000 |
Expenses | ||||
Professional fees | 16,794 | 22,973 | 22,459 | 29,093 |
Fund management fee, net (Note C) | 19,769 | 20,929 | 43,486 | 49,544 |
General and administrative expenses | 8,011 | 5,904 | 14,942 | 9,465 |
Operating expenses | 44,574 | 49,806 | 80,887 | 88,102 |
NET INCOME (LOSS) | (25,049) | 12,951 | (60,593) | (23,931) |
Net income (loss) allocated to assignees | (24,799) | 12,821 | (59,987) | (23,692) |
Net income (loss) allocated to general partner | $ (250) | $ 130 | $ (606) | $ (239) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0 | $ (0.02) | $ (0.01) |
Series Twenty Seven [Member] | ||||
Income | ||||
Interest income | $ 2,704 | $ 729 | $ 3,940 | $ 1,608 |
Other income | 6,000 | 0 | 6,000 | 0 |
Revenues | 8,704 | 729 | 9,940 | 1,608 |
Share of income (loss) from Operating Partnerships (Note D) | 21,000 | 0 | 3,016,000 | 0 |
Expenses | ||||
Professional fees | 33,467 | 13,834 | 67,836 | 17,644 |
Fund management fee, net (Note C) | 25,866 | 36,358 | 52,224 | 64,716 |
General and administrative expenses | 6,039 | 4,467 | 9,889 | 7,363 |
Operating expenses | 65,372 | 54,659 | 129,949 | 89,723 |
NET INCOME (LOSS) | (35,668) | (53,930) | 2,895,991 | (88,115) |
Net income (loss) allocated to assignees | (35,311) | (53,391) | 2,867,031 | (87,234) |
Net income (loss) allocated to general partner | $ (357) | $ (539) | $ 28,960 | $ (881) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.02) | $ 1.17 | $ (0.04) |
Series Twenty Eight [Member] | ||||
Income | ||||
Interest income | $ 305 | $ 4,891 | $ 607 | $ 9,218 |
Other income | 0 | 4,853 | 7,976 | 11,253 |
Revenues | 305 | 9,744 | 8,583 | 20,471 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 | 5,000 | 1,197,000 |
Expenses | ||||
Professional fees | 14,957 | 21,139 | 19,372 | 26,434 |
Fund management fee, net (Note C) | 8,844 | 19,889 | 18,991 | 46,344 |
General and administrative expenses | 7,349 | 5,466 | 13,669 | 8,855 |
Operating expenses | 31,150 | 46,494 | 52,032 | 81,633 |
NET INCOME (LOSS) | (30,845) | (36,750) | (38,449) | 1,135,838 |
Net income (loss) allocated to assignees | (30,537) | (36,382) | (38,065) | 1,124,480 |
Net income (loss) allocated to general partner | $ (308) | $ (368) | $ (384) | $ 11,358 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) | $ (0.01) | $ 0.28 |
Series Twenty Nine [Member] | ||||
Income | ||||
Interest income | $ 179 | $ 234 | $ 457 | $ 479 |
Other income | 0 | 50,000 | 0 | 50,000 |
Revenues | 179 | 50,234 | 457 | 50,479 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 45,500 | 0 | 199,000 |
Expenses | ||||
Professional fees | 21,913 | 19,804 | 60,962 | 24,769 |
Fund management fee, net (Note C) | 16,843 | 11,422 | 37,389 | 36,807 |
General and administrative expenses | 7,645 | 5,368 | 12,709 | 8,671 |
Operating expenses | 46,401 | 36,594 | 111,060 | 70,247 |
NET INCOME (LOSS) | (46,222) | 59,140 | (110,603) | 179,232 |
Net income (loss) allocated to assignees | (45,760) | 58,549 | (109,497) | 177,440 |
Net income (loss) allocated to general partner | $ (462) | $ 591 | $ (1,106) | $ 1,792 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0.01 | $ (0.03) | $ 0.04 |
Series Thirty [Member] | ||||
Income | ||||
Interest income | $ 145 | $ 199 | $ 363 | $ 398 |
Other income | 0 | 1,522 | 1,243 | 1,522 |
Revenues | 145 | 1,721 | 1,606 | 1,920 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 255,461 | 0 | 261,461 |
Expenses | ||||
Professional fees | 13,780 | 17,603 | 18,164 | 22,403 |
Fund management fee, net (Note C) | 17,421 | 15,686 | 27,026 | 40,201 |
General and administrative expenses | 5,840 | 4,147 | 9,758 | 6,911 |
Operating expenses | 37,041 | 37,436 | 54,948 | 69,515 |
NET INCOME (LOSS) | (36,896) | 219,746 | (53,342) | 193,866 |
Net income (loss) allocated to assignees | (36,527) | 217,549 | (52,809) | 191,927 |
Net income (loss) allocated to general partner | $ (369) | $ 2,197 | $ (533) | $ 1,939 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0.08 | $ (0.02) | $ 0.07 |
Series Thirty One [Member] | ||||
Income | ||||
Interest income | $ 679 | $ 601 | $ 1,432 | $ 1,375 |
Other income | 114 | 590 | 590 | 590 |
Revenues | 793 | 1,191 | 2,022 | 1,965 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 1,256,102 | 0 | 1,256,102 |
Expenses | ||||
Professional fees | 17,135 | 19,832 | 22,974 | 25,952 |
Fund management fee, net (Note C) | 34,521 | 39,353 | 69,542 | 78,855 |
General and administrative expenses | 7,601 | 5,457 | 12,579 | 8,996 |
Operating expenses | 59,257 | 64,642 | 105,095 | 113,803 |
NET INCOME (LOSS) | (58,464) | 1,192,651 | (103,073) | 1,144,264 |
Net income (loss) allocated to assignees | (57,879) | 1,180,724 | (102,042) | 1,132,821 |
Net income (loss) allocated to general partner | $ (585) | $ 11,927 | $ (1,031) | $ 11,443 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ 0.27 | $ (0.02) | $ 0.26 |
Series Thirty Two [Member] | ||||
Income | ||||
Interest income | $ 393 | $ 105 | $ 1,019 | $ 211 |
Other income | 0 | 5,550 | 1,800 | 5,550 |
Revenues | 393 | 5,655 | 2,819 | 5,761 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 12,691 | 16,175 | 17,146 | 20,645 |
Fund management fee, net (Note C) | 39,120 | 50,122 | 72,700 | 106,744 |
General and administrative expenses | 7,768 | 5,420 | 12,910 | 8,988 |
Operating expenses | 59,579 | 71,717 | 102,756 | 136,377 |
NET INCOME (LOSS) | (59,186) | (66,062) | (99,937) | (130,616) |
Net income (loss) allocated to assignees | (58,594) | (65,401) | (98,938) | (129,310) |
Net income (loss) allocated to general partner | $ (592) | $ (661) | $ (999) | $ (1,306) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.03) |
Series Thirty Three [Member] | ||||
Income | ||||
Interest income | $ 502 | $ 361 | $ 1,101 | $ 562 |
Other income | 0 | 5,550 | 1,800 | 5,550 |
Revenues | 502 | 5,911 | 2,901 | 6,112 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 | 0 | 1,097,000 |
Expenses | ||||
Professional fees | 10,260 | 12,217 | 13,945 | 15,697 |
Fund management fee, net (Note C) | 15,228 | 9,898 | 25,126 | 33,631 |
General and administrative expenses | 5,750 | 3,963 | 9,562 | 6,621 |
Operating expenses | 31,238 | 26,078 | 48,633 | 55,949 |
NET INCOME (LOSS) | (30,736) | (20,167) | (45,732) | 1,047,163 |
Net income (loss) allocated to assignees | (30,429) | (19,965) | (45,275) | 1,036,691 |
Net income (loss) allocated to general partner | $ (307) | $ (202) | $ (457) | $ 10,472 |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.01) | $ (0.02) | $ 0.39 |
Series Thirty Four [Member] | ||||
Income | ||||
Interest income | $ 327 | $ 197 | $ 799 | $ 430 |
Other income | 1,539 | 1,539 | 13,230 | 18,302 |
Revenues | 1,866 | 1,736 | 14,029 | 18,732 |
Share of income (loss) from Operating Partnerships (Note D) | 215,000 | 0 | 242,500 | 37,000 |
Expenses | ||||
Professional fees | 12,364 | 15,022 | 16,764 | 19,327 |
Fund management fee, net (Note C) | 5,152 | 25,961 | 16,469 | 58,054 |
General and administrative expenses | 6,476 | 4,635 | 10,908 | 7,679 |
Operating expenses | 23,992 | 45,618 | 44,141 | 85,060 |
NET INCOME (LOSS) | 192,874 | (43,882) | 212,388 | (29,328) |
Net income (loss) allocated to assignees | 190,945 | (43,443) | 210,264 | (29,035) |
Net income (loss) allocated to general partner | $ 1,929 | $ (439) | $ 2,124 | $ (293) |
Net income (loss) per BAC (in dollars per unit) | $ 0.05 | $ (0.01) | $ 0.06 | $ (0.01) |
Series Thirty Five [Member] | ||||
Income | ||||
Interest income | $ 2,593 | $ 310 | $ 3,914 | $ 549 |
Other income | 0 | 4,859 | 4,893 | 11,037 |
Revenues | 2,593 | 5,169 | 8,807 | 11,586 |
Share of income (loss) from Operating Partnerships (Note D) | 85,949 | 68,250 | 2,380,752 | 972,250 |
Expenses | ||||
Professional fees | 12,823 | 12,889 | 16,880 | 16,699 |
Fund management fee, net (Note C) | 19,606 | 25,197 | 11,999 | 63,179 |
General and administrative expenses | 6,579 | 4,589 | 10,988 | 7,548 |
Operating expenses | 39,008 | 42,675 | 39,867 | 87,426 |
NET INCOME (LOSS) | 49,534 | 30,744 | 2,349,692 | 896,410 |
Net income (loss) allocated to assignees | 49,039 | 30,437 | 2,326,195 | 887,446 |
Net income (loss) allocated to general partner | $ 495 | $ 307 | $ 23,497 | $ 8,964 |
Net income (loss) per BAC (in dollars per unit) | $ 0.01 | $ 0.01 | $ 0.71 | $ 0.27 |
Series Thirty Six [Member] | ||||
Income | ||||
Interest income | $ 1,313 | $ 243 | $ 1,877 | $ 510 |
Other income | 5,279 | 0 | 6,425 | 2,683 |
Revenues | 6,592 | 243 | 8,302 | 3,193 |
Share of income (loss) from Operating Partnerships (Note D) | 85,949 | 0 | 2,503,252 | 0 |
Expenses | ||||
Professional fees | 12,146 | 11,408 | 15,981 | 15,218 |
Fund management fee, net (Note C) | 7,626 | 33,120 | (10,582) | 63,498 |
General and administrative expenses | 5,280 | 3,694 | 8,764 | 6,269 |
Operating expenses | 25,052 | 48,222 | 14,163 | 84,985 |
NET INCOME (LOSS) | 67,489 | (47,979) | 2,497,391 | (81,792) |
Net income (loss) allocated to assignees | 66,814 | (47,499) | 2,472,417 | (80,974) |
Net income (loss) allocated to general partner | $ 675 | $ (480) | $ 24,974 | $ (818) |
Net income (loss) per BAC (in dollars per unit) | $ 0.03 | $ (0.02) | $ 1.18 | $ (0.04) |
Series Thirty Seven [Member] | ||||
Income | ||||
Interest income | $ 681 | $ 182 | $ 854 | $ 355 |
Other income | 0 | 0 | 4,811 | 9,240 |
Revenues | 681 | 182 | 5,665 | 9,595 |
Share of income (loss) from Operating Partnerships (Note D) | 1,932,139 | 0 | 1,934,639 | 0 |
Expenses | ||||
Professional fees | 9,619 | 11,106 | 13,128 | 14,421 |
Fund management fee, net (Note C) | 34,425 | 39,330 | 63,237 | 75,146 |
General and administrative expenses | 5,379 | 3,828 | 9,038 | 6,424 |
Operating expenses | 49,423 | 54,264 | 85,403 | 95,991 |
NET INCOME (LOSS) | 1,883,397 | (54,082) | 1,854,901 | (86,396) |
Net income (loss) allocated to assignees | 1,864,563 | (53,541) | 1,836,352 | (85,532) |
Net income (loss) allocated to general partner | $ 18,834 | $ (541) | $ 18,549 | $ (864) |
Net income (loss) per BAC (in dollars per unit) | $ 0.74 | $ (0.02) | $ 0.73 | $ (0.03) |
Series Thirty Eight [Member] | ||||
Income | ||||
Interest income | $ 159 | $ 63 | $ 313 | $ 145 |
Other income | 16,000 | 1,195 | 47,791 | 4,355 |
Revenues | 16,159 | 1,258 | 48,104 | 4,500 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 12,659 | 11,967 | 16,695 | 15,777 |
Fund management fee, net (Note C) | 31,936 | 44,166 | 59,718 | 81,066 |
General and administrative expenses | 5,591 | 3,936 | 9,343 | 6,621 |
Operating expenses | 50,186 | 60,069 | 85,756 | 103,464 |
NET INCOME (LOSS) | (34,027) | (58,811) | (37,652) | (98,964) |
Net income (loss) allocated to assignees | (33,687) | (58,223) | (37,275) | (97,974) |
Net income (loss) allocated to general partner | $ (340) | $ (588) | $ (377) | $ (990) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.02) | $ (0.01) | $ (0.04) |
Series Thirty Nine [Member] | ||||
Income | ||||
Interest income | $ 148 | $ 93 | $ 275 | $ 180 |
Other income | 0 | 0 | 660 | 3,160 |
Revenues | 148 | 93 | 935 | 3,340 |
Share of income (loss) from Operating Partnerships (Note D) | 99,600 | 0 | 122,100 | 0 |
Expenses | ||||
Professional fees | 12,146 | 11,925 | 15,991 | 15,570 |
Fund management fee, net (Note C) | 16,280 | 31,485 | 33,297 | 58,770 |
General and administrative expenses | 5,095 | 3,656 | 8,585 | 6,197 |
Operating expenses | 33,521 | 47,066 | 57,873 | 80,537 |
NET INCOME (LOSS) | 66,227 | (46,973) | 65,162 | (77,197) |
Net income (loss) allocated to assignees | 65,565 | (46,503) | 64,510 | (76,425) |
Net income (loss) allocated to general partner | $ 662 | $ (470) | $ 652 | $ (772) |
Net income (loss) per BAC (in dollars per unit) | $ 0.03 | $ (0.02) | $ 0.03 | $ (0.03) |
Series Forty [Member] | ||||
Income | ||||
Interest income | $ 103 | $ 30 | $ 236 | $ 55 |
Other income | 0 | 0 | 0 | 0 |
Revenues | 103 | 30 | 236 | 55 |
Share of income (loss) from Operating Partnerships (Note D) | 28,500 | 0 | 49,000 | 0 |
Expenses | ||||
Professional fees | 15,558 | 14,600 | 20,637 | 19,400 |
Fund management fee, net (Note C) | 26,835 | 49,329 | 64,051 | 97,833 |
General and administrative expenses | 5,496 | 3,627 | 9,209 | 6,111 |
Operating expenses | 47,889 | 67,556 | 93,897 | 123,344 |
NET INCOME (LOSS) | (19,286) | (67,526) | (44,661) | (123,289) |
Net income (loss) allocated to assignees | (19,093) | (66,851) | (44,214) | (122,056) |
Net income (loss) allocated to general partner | $ (193) | $ (675) | $ (447) | $ (1,233) |
Net income (loss) per BAC (in dollars per unit) | $ (0.01) | $ (0.03) | $ (0.02) | $ (0.05) |
Series Forty One [Member] | ||||
Income | ||||
Interest income | $ 133 | $ 159 | $ 356 | $ 288 |
Other income | 1,302 | 0 | 1,302 | 36,109 |
Revenues | 1,435 | 159 | 1,658 | 36,397 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 457,440 | 0 | 457,440 |
Expenses | ||||
Professional fees | 17,973 | 16,053 | 23,600 | 21,348 |
Fund management fee, net (Note C) | 54,348 | 54,489 | 104,547 | 95,209 |
General and administrative expenses | 6,103 | 4,489 | 10,143 | 7,300 |
Operating expenses | 78,424 | 75,031 | 138,290 | 123,857 |
NET INCOME (LOSS) | (76,989) | 382,568 | (136,632) | 369,980 |
Net income (loss) allocated to assignees | (76,219) | 378,742 | (135,266) | 366,280 |
Net income (loss) allocated to general partner | $ (770) | $ 3,826 | $ (1,366) | $ 3,700 |
Net income (loss) per BAC (in dollars per unit) | $ (0.03) | $ 0.13 | $ (0.05) | $ 0.13 |
Series Forty Two [Member] | ||||
Income | ||||
Interest income | $ 850 | $ 374 | $ 2,890 | $ 518 |
Other income | 421 | 0 | 421 | 66,129 |
Revenues | 1,271 | 374 | 3,311 | 66,647 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 3,214,695 | 0 | 3,214,695 |
Expenses | ||||
Professional fees | 19,287 | 18,278 | 25,232 | 23,903 |
Fund management fee, net (Note C) | 36,417 | 48,684 | 78,419 | 88,912 |
General and administrative expenses | 6,209 | 4,298 | 10,008 | 6,888 |
Operating expenses | 61,913 | 71,260 | 113,659 | 119,703 |
NET INCOME (LOSS) | (60,642) | 3,143,809 | (110,348) | 3,161,639 |
Net income (loss) allocated to assignees | (60,036) | 3,112,371 | (109,245) | 3,130,023 |
Net income (loss) allocated to general partner | $ (606) | $ 31,438 | $ (1,103) | $ 31,616 |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ 1.13 | $ (0.04) | $ 1.14 |
Series Forty Three [Member] | ||||
Income | ||||
Interest income | $ 1,122 | $ 350 | $ 3,168 | $ 479 |
Other income | 0 | 385 | 1,759 | 39,732 |
Revenues | 1,122 | 735 | 4,927 | 40,211 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 2,492,094 | 0 | 2,492,094 |
Expenses | ||||
Professional fees | 20,142 | 19,107 | 26,474 | 25,062 |
Fund management fee, net (Note C) | 50,345 | 61,071 | 81,996 | 105,193 |
General and administrative expenses | 7,109 | 4,907 | 11,496 | 7,819 |
Operating expenses | 77,596 | 85,085 | 119,966 | 138,074 |
NET INCOME (LOSS) | (76,474) | 2,407,744 | (115,039) | 2,394,231 |
Net income (loss) allocated to assignees | (75,709) | 2,383,667 | (113,889) | 2,370,289 |
Net income (loss) allocated to general partner | $ (765) | $ 24,077 | $ (1,150) | $ 23,942 |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ 0.66 | $ (0.03) | $ 0.65 |
Series Forty Four [Member] | ||||
Income | ||||
Interest income | $ 13 | $ 4 | $ 24 | $ 6 |
Other income | 981 | 2,769 | 14,630 | 2,769 |
Revenues | 994 | 2,773 | 14,654 | 2,775 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 10,661 | 11,304 | 14,963 | 15,279 |
Fund management fee, net (Note C) | 58,769 | 62,657 | 120,239 | 126,314 |
General and administrative expenses | 5,744 | 3,831 | 9,537 | 6,301 |
Operating expenses | 75,174 | 77,792 | 144,739 | 147,894 |
NET INCOME (LOSS) | (74,180) | (75,019) | (130,085) | (145,119) |
Net income (loss) allocated to assignees | (73,438) | (74,269) | (128,784) | (143,668) |
Net income (loss) allocated to general partner | $ (742) | $ (750) | $ (1,301) | $ (1,451) |
Net income (loss) per BAC (in dollars per unit) | $ (0.03) | $ (0.03) | $ (0.05) | $ (0.05) |
Series Forty Five [Member] | ||||
Income | ||||
Interest income | $ 355 | $ 49 | $ 667 | $ 91 |
Other income | 3,048 | 4,353 | 31,874 | 25,958 |
Revenues | 3,403 | 4,402 | 32,541 | 26,049 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | (25,484) | 0 | (39,009) |
Expenses | ||||
Professional fees | 21,698 | 25,397 | 28,932 | 32,342 |
Fund management fee, net (Note C) | 68,800 | 60,553 | 108,920 | 129,066 |
General and administrative expenses | 7,199 | 4,790 | 12,565 | 7,742 |
Operating expenses | 97,697 | 90,740 | 150,417 | 169,150 |
NET INCOME (LOSS) | (94,294) | (111,822) | (117,876) | (182,110) |
Net income (loss) allocated to assignees | (93,351) | (110,704) | (116,697) | (180,289) |
Net income (loss) allocated to general partner | $ (943) | $ (1,118) | $ (1,179) | $ (1,821) |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ (0.03) | $ (0.03) | $ (0.04) |
Series Forty Six [Member] | ||||
Income | ||||
Interest income | $ 90 | $ 147 | $ 251 | $ 288 |
Other income | 16,448 | 13,347 | 29,999 | 13,347 |
Revenues | 16,538 | 13,494 | 30,250 | 13,635 |
Share of income (loss) from Operating Partnerships (Note D) | 0 | (69,940) | 0 | (123,776) |
Expenses | ||||
Professional fees | 15,360 | 18,471 | 20,292 | 23,106 |
Fund management fee, net (Note C) | 56,089 | 49,650 | 113,096 | 106,656 |
General and administrative expenses | 6,141 | 4,288 | 10,505 | 6,978 |
Operating expenses | 77,590 | 72,409 | 143,893 | 136,740 |
NET INCOME (LOSS) | (61,052) | (128,855) | (113,643) | (246,881) |
Net income (loss) allocated to assignees | (60,441) | (127,566) | (112,507) | (244,412) |
Net income (loss) allocated to general partner | $ (611) | $ (1,289) | $ (1,136) | $ (2,469) |
Net income (loss) per BAC (in dollars per unit) | $ (0.02) | $ (0.04) | $ (0.04) | $ (0.08) |
CONDENSED STATEMENTS OF CHANGES
CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - 6 months ended Sep. 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) | 8,495,355 | 8,410,400 | 84,955 | 101,136 | 100,125 | 1,011 | (23,956) | (23,716) | (240) | (39,152) | (38,760) | (392) | (40,191) | (39,789) | (402) | (40,425) | (40,021) | (404) | (19,917) | (19,718) | (199) | (60,593) | (59,987) | (606) | 2,895,991 | 2,867,031 | 28,960 | (38,449) | (38,065) | (384) | (110,603) | (109,497) | (1,106) | (53,342) | (52,809) | (533) | (103,073) | (102,042) | (1,031) | (99,937) | (98,938) | (999) | (45,732) | (45,275) | (457) | 212,388 | 210,264 | 2,124 | 2,349,692 | 2,326,195 | 23,497 | 2,497,391 | 2,472,417 | 24,974 | 1,854,901 | 1,836,352 | 18,549 | (37,652) | (37,275) | (377) | 65,162 | 64,510 | 652 | (44,661) | (44,214) | (447) | (136,632) | (135,266) | (1,366) | (110,348) | (109,245) | (1,103) | (115,039) | (113,889) | (1,150) | (130,085) | (128,784) | (1,301) | (117,876) | (116,697) | (1,179) | (113,643) | (112,507) | (1,136) |
Partners' capital (deficit) at Sep. 30, 2016 | $ (20,123,746) | $ (12,879,983) | $ (7,243,763) | $ (1,160,027) | $ (840,174) | $ (319,853) | $ (1,059,153) | $ (886,610) | $ (172,543) | $ (2,563,191) | $ (2,318,475) | $ (244,716) | $ (1,872,826) | $ (1,569,251) | $ (303,575) | $ 462,127 | $ 636,757 | $ (174,630) | $ 377,130 | $ 596,975 | $ (219,845) | $ 743,809 | $ 1,054,714 | $ (310,905) | $ 3,795,627 | $ 3,964,118 | $ (168,491) | $ 838,478 | $ 1,111,930 | $ (273,452) | $ (3,078,585) | $ (2,709,152) | $ (369,433) | $ (1,426,480) | $ (1,185,160) | $ (241,320) | $ 1,204,394 | $ 1,571,609 | $ (367,215) | $ (2,412,536) | $ (1,982,048) | $ (430,488) | $ (873,667) | $ (639,151) | $ (234,516) | $ (2,716,873) | $ (2,389,315) | $ (327,558) | $ 1,548,680 | $ 1,815,218 | $ (266,538) | $ 2,050,695 | $ 2,208,851 | $ (158,156) | $ (444,255) | $ (224,248) | $ (220,007) | $ (1,729,589) | $ (1,494,008) | $ (235,581) | $ (1,401,254) | $ (1,190,799) | $ (210,455) | $ (2,401,374) | $ (2,152,416) | $ (248,958) | $ (2,966,148) | $ (2,687,318) | $ (278,830) | $ 1,161,729 | $ 1,391,049 | $ (229,320) | $ (305,915) | $ 18,665 | $ (324,580) | $ (2,416,885) | $ (2,155,268) | $ (261,617) | $ (1,960,192) | $ (1,586,928) | $ (373,264) | $ (1,517,465) | $ (1,239,548) | $ (277,917) |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | ||
Cash flows from operating activities: | |||
Net income (loss) | $ 8,495,355 | $ 9,779,340 | |
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 | (10,413,293) | (11,871,653) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (13,985) | 69,197 | |
Decrease (Increase) in other assets | 0 | (34,950) | |
(Decrease) Increase in accounts payable affiliates | (7,802,053) | (3,179,723) | |
Net cash (used in) provided by operating activities | (9,733,976) | (5,234,200) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 10,413,293 | 12,273,745 | [1] |
Net cash (used in) provided by operating activities | 10,413,293 | 12,273,745 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 679,317 | 7,039,545 | |
Cash and cash equivalents, beginning | 21,728,069 | 23,720,352 | |
Cash and cash equivalents, ending | 22,407,386 | 30,759,897 | |
Series Twenty [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 101,136 | (40,816) | |
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 | (138,000) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 3,000 | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 13,773 | (79,104) | |
Net cash (used in) provided by operating activities | (20,091) | (119,920) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 138,000 | 0 | |
Net cash (used in) provided by operating activities | 138,000 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 117,909 | (119,920) | |
Cash and cash equivalents, beginning | 180,896 | 310,195 | |
Cash and cash equivalents, ending | 298,805 | 190,275 | |
Series Twenty One [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (23,956) | 292,553 | |
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 | (326,273) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (5,000) | |
Decrease (Increase) in other assets | 0 | 3,000 | |
(Decrease) Increase in accounts payable affiliates | (144,564) | 17,717 | |
Net cash (used in) provided by operating activities | (168,520) | (18,003) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 326,273 | [1] |
Net cash (used in) provided by operating activities | 0 | 326,273 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (168,520) | 308,270 | |
Cash and cash equivalents, beginning | 425,168 | 127,394 | |
Cash and cash equivalents, ending | 256,648 | 435,664 | |
Series Twenty Two [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (39,152) | 189,606 | |
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 | (232,989) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 1,263 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 14,604 | 24,771 | |
Net cash (used in) provided by operating activities | (24,548) | (17,349) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 232,296 | [1] |
Net cash (used in) provided by operating activities | 0 | 232,296 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (24,548) | 214,947 | |
Cash and cash equivalents, beginning | 295,650 | 117,048 | |
Cash and cash equivalents, ending | 271,102 | 331,995 | |
Series Twenty Three [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (40,191) | 171,478 | |
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) | (215,459) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 1,167 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 18,822 | 34,205 | |
Net cash (used in) provided by operating activities | (24,919) | (8,609) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 3,550 | 215,459 | [1] |
Net cash (used in) provided by operating activities | 3,550 | 215,459 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (21,369) | 206,850 | |
Cash and cash equivalents, beginning | 219,677 | 205,359 | |
Cash and cash equivalents, ending | 198,308 | 412,209 | |
Series Twenty Four [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (40,425) | (24,218) | |
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 | (16,675) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (6,335) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (40,425) | (47,228) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 96,715 | [1] |
Net cash (used in) provided by operating activities | 0 | 96,715 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (40,425) | 49,487 | |
Cash and cash equivalents, beginning | 502,552 | 1,005,871 | |
Cash and cash equivalents, ending | 462,127 | 1,055,358 | |
Series Twenty Five [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (19,917) | (18,148) | |
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 | 688 | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (19,229) | (18,148) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash (used in) provided by operating activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (19,229) | (18,148) | |
Cash and cash equivalents, beginning | 395,797 | 3,811,919 | |
Cash and cash equivalents, ending | 376,568 | 3,793,771 | |
Series Twenty Six [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (60,593) | (23,931) | |
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 | (18,500) | (59,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 4,000 | (15,507) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (75,093) | (98,438) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 18,500 | 128,000 | [1] |
Net cash (used in) provided by operating activities | 18,500 | 128,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (56,593) | 29,562 | |
Cash and cash equivalents, beginning | 809,362 | 3,013,320 | |
Cash and cash equivalents, ending | 752,769 | 3,042,882 | |
Series Twenty Seven [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 2,895,991 | (88,115) | |
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 | (3,016,000) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 4,000 | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (116,009) | (88,115) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 3,016,000 | 0 | |
Net cash (used in) provided by operating activities | 3,016,000 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 2,899,991 | (88,115) | |
Cash and cash equivalents, beginning | 899,636 | 1,051,663 | |
Cash and cash equivalents, ending | 3,799,627 | 963,548 | |
Series Twenty Eight [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (38,449) | 1,135,838 | |
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 | (7,500) | (3,000) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | 0 | |
Net cash (used in) provided by operating activities | (50,949) | (64,162) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 5,000 | 1,197,000 | [1] |
Net cash (used in) provided by operating activities | 5,000 | 1,197,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (45,949) | 1,132,838 | |
Cash and cash equivalents, beginning | 884,427 | 5,774,634 | |
Cash and cash equivalents, ending | 838,478 | 6,907,472 | |
Series Twenty Nine [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (110,603) | 179,232 | |
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 | (199,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (1,500) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (112,407) | (231,727) | |
Net cash (used in) provided by operating activities | (223,010) | (252,995) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 199,000 | [1] |
Net cash (used in) provided by operating activities | 0 | 199,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (223,010) | (53,995) | |
Cash and cash equivalents, beginning | 618,758 | 501,274 | |
Cash and cash equivalents, ending | 395,748 | 447,279 | |
Series Thirty [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (53,342) | 193,866 | |
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 | (261,461) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 6,484 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 34,842 | (25,379) | |
Net cash (used in) provided by operating activities | (18,500) | (86,490) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 312,461 | [1] |
Net cash (used in) provided by operating activities | 0 | 312,461 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (18,500) | 225,971 | |
Cash and cash equivalents, beginning | 304,293 | 322,775 | |
Cash and cash equivalents, ending | 285,793 | 548,746 | |
Series Thirty One [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (103,073) | 1,144,264 | |
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 | (1,256,102) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (3,000) | 6,075 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 0 | (2,748,408) | |
Net cash (used in) provided by operating activities | (106,073) | (2,854,171) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 1,256,102 | [1] |
Net cash (used in) provided by operating activities | 0 | 1,256,102 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (106,073) | (1,598,069) | |
Cash and cash equivalents, beginning | 1,351,761 | 3,106,480 | |
Cash and cash equivalents, ending | 1,245,688 | 1,508,411 | |
Series Thirty Two [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (99,937) | (130,616) | |
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 | (7,000) | (993) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (670,630) | (5,172) | |
Net cash (used in) provided by operating activities | (777,567) | (136,781) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash (used in) provided by operating activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (777,567) | (136,781) | |
Cash and cash equivalents, beginning | 1,061,685 | 354,807 | |
Cash and cash equivalents, ending | 284,118 | 218,026 | |
Series Thirty Three [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (45,732) | 1,047,163 | |
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 | (650) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (867,204) | (67,608) | |
Net cash (used in) provided by operating activities | (912,936) | (118,095) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 1,097,000 | [1] |
Net cash (used in) provided by operating activities | 0 | 1,097,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (912,936) | 978,905 | |
Cash and cash equivalents, beginning | 1,266,455 | 281,704 | |
Cash and cash equivalents, ending | 353,519 | 1,260,609 | |
Series Thirty Four [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 212,388 | (29,328) | |
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 | (242,500) | (37,000) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (5,802) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (249,331) | (492,973) | |
Net cash (used in) provided by operating activities | (279,443) | (565,103) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 242,500 | 37,000 | [1] |
Net cash (used in) provided by operating activities | 242,500 | 37,000 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (36,943) | (528,103) | |
Cash and cash equivalents, beginning | 674,173 | 838,027 | |
Cash and cash equivalents, ending | 637,230 | 309,924 | |
Series Thirty Five [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 2,349,692 | 896,410 | |
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 | (2,380,752) | (972,250) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (1,500) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (1,408,645) | 70,097 | |
Net cash (used in) provided by operating activities | (1,439,705) | (7,243) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 2,380,752 | 972,250 | [1] |
Net cash (used in) provided by operating activities | 2,380,752 | 972,250 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 941,047 | 965,007 | |
Cash and cash equivalents, beginning | 1,693,223 | 231,626 | |
Cash and cash equivalents, ending | 2,634,270 | 1,196,633 | |
Series Thirty Six [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 2,497,391 | (81,792) | |
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 | (2,503,252) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (2,500) | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (540,283) | 41,240 | |
Net cash (used in) provided by operating activities | (548,644) | (40,552) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 2,503,252 | 0 | |
Net cash (used in) provided by operating activities | 2,503,252 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,954,608 | (40,552) | |
Cash and cash equivalents, beginning | 979,340 | 430,583 | |
Cash and cash equivalents, ending | 2,933,948 | 390,031 | |
Series Thirty Seven [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 1,854,901 | (86,396) | |
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 | (1,934,639) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (1,024) | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 73,755 | 78,660 | |
Net cash (used in) provided by operating activities | (5,983) | (8,760) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 1,934,639 | 0 | |
Net cash (used in) provided by operating activities | 1,934,639 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,928,656 | (8,760) | |
Cash and cash equivalents, beginning | 340,689 | 345,467 | |
Cash and cash equivalents, ending | 2,269,345 | 336,707 | |
Series Thirty Eight [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (37,652) | (98,964) | |
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 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 41,451 | 57,200 | |
Net cash (used in) provided by operating activities | (980) | (41,764) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash (used in) provided by operating activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (980) | (41,764) | |
Cash and cash equivalents, beginning | 333,474 | 280,864 | |
Cash and cash equivalents, ending | 332,494 | 239,100 | |
Series Thirty Nine [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | 65,162 | (77,197) | |
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 | (122,100) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 4,106 | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (65,277) | 32,971 | |
Net cash (used in) provided by operating activities | (118,109) | (44,226) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 122,100 | 0 | |
Net cash (used in) provided by operating activities | 122,100 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 3,991 | (44,226) | |
Cash and cash equivalents, beginning | 313,691 | 166,118 | |
Cash and cash equivalents, ending | 317,682 | 121,892 | |
Series Forty [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (44,661) | (123,289) | |
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 | (49,000) | 0 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | (5,000) | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (214,396) | 103,890 | |
Net cash (used in) provided by operating activities | (313,057) | (19,399) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 49,000 | 0 | |
Net cash (used in) provided by operating activities | 49,000 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (264,057) | (19,399) | |
Cash and cash equivalents, beginning | 510,705 | 97,731 | |
Cash and cash equivalents, ending | 246,648 | 78,332 | |
Series Forty One [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (136,632) | 369,980 | |
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 | (457,440) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 8,782 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 12,296 | (243,137) | |
Net cash (used in) provided by operating activities | (124,336) | (321,815) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 457,440 | [1] |
Net cash (used in) provided by operating activities | 0 | 457,440 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (124,336) | 135,625 | |
Cash and cash equivalents, beginning | 331,029 | 158,957 | |
Cash and cash equivalents, ending | 206,693 | 294,582 | |
Series Forty Two [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (110,348) | 3,161,639 | |
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 | (3,214,695) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 47,686 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | (2,055,300) | (264,463) | |
Net cash (used in) provided by operating activities | (2,165,648) | (269,833) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 3,254,655 | |
Net cash (used in) provided by operating activities | 0 | 3,254,655 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (2,165,648) | 2,984,822 | |
Cash and cash equivalents, beginning | 3,412,757 | 420,023 | |
Cash and cash equivalents, ending | 1,247,109 | 3,404,845 | |
Series Forty Three [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (115,039) | 2,394,231 | |
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 | (2,492,094) | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 39,051 | |
Decrease (Increase) in other assets | 0 | 2,827 | |
(Decrease) Increase in accounts payable affiliates | (2,087,484) | 90,722 | |
Net cash (used in) provided by operating activities | (2,202,523) | 34,737 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 2,492,094 | [1] |
Net cash (used in) provided by operating activities | 0 | 2,492,094 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (2,202,523) | 2,526,831 | |
Cash and cash equivalents, beginning | 2,886,991 | 354,147 | |
Cash and cash equivalents, ending | 684,468 | 2,880,978 | |
Series Forty Four [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (130,085) | (145,119) | |
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 | |
Decrease (Increase) in other assets | 0 | (40,777) | |
(Decrease) Increase in accounts payable affiliates | 129,620 | 181,106 | |
Net cash (used in) provided by operating activities | (465) | (4,790) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash (used in) provided by operating activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (465) | (4,790) | |
Cash and cash equivalents, beginning | 44,503 | 9,744 | |
Cash and cash equivalents, ending | 44,038 | 4,954 | |
Series Forty Five [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (117,876) | (182,110) | |
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 | 39,009 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 149,541 | 145,905 | |
Net cash (used in) provided by operating activities | 31,665 | 2,804 | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash (used in) provided by operating activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 31,665 | 2,804 | |
Cash and cash equivalents, beginning | 748,100 | 147,398 | |
Cash and cash equivalents, ending | 779,765 | 150,202 | |
Series Forty Six [Member] | |||
Cash flows from operating activities: | |||
Net income (loss) | (113,643) | (246,881) | |
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 | 123,776 | |
Changes in assets and liabilities | |||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | |
Decrease (Increase) in other assets | 0 | 0 | |
(Decrease) Increase in accounts payable affiliates | 124,764 | 99,764 | |
Net cash (used in) provided by operating activities | 11,121 | (19,752) | |
Cash flows from investing activities: | |||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | |
Net cash (used in) provided by operating activities | 0 | 0 | |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 11,121 | (19,752) | |
Cash and cash equivalents, beginning | 243,277 | 255,224 | |
Cash and cash equivalents, ending | $ 254,398 | $ 235,472 | |
[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. Fund proceeds from disposition does not include $693 which was due to a write-off of capital contribution payable Series 22. |
ORGANIZATION
ORGANIZATION | 6 Months Ended |
Sep. 30, 2016 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | NOTE A – ORGANIZATION Boston Capital Tax Credit Fund IV L.P. (the "Fund") was organized under the laws of the State of Delaware as of October 5, 1993, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships"). Effective as of June 1, 2001 there was a restructuring and, as a result, the Fund's general partner was reorganized as follows. The general partner of the Fund continues to be Boston Capital Associates IV L.P., a Delaware limited partnership. The general partner of the general partner of the Fund is BCA Associates Limited Partnership, a Massachusetts limited partnership, whose sole general partner is C&M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning. Mr. Manning is the principal of Boston Capital Partners, Inc. The limited partner of the general partner of the Fund is Capital Investment Holdings, a general partnership whose partners are various officers and employees of Boston Capital Partners, Inc. and its affiliates. The assignor limited partner is BCTC IV Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning. Pursuant to the Securities Act of 1933, the Fund filed a Form S-11 Registration Statement with the Securities and Exchange Commission, effective December 16, 1993, which covered the offering (the "Public Offering") of the Fund's beneficial assignee certificates ("BACs") representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The Fund registered 30,000,000 BACs at $10 per BAC for sale to the public in one or more series. On April 18, 1996, an amendment to Form S-11 which registered an additional 10,000,000 BACs for sale to the public in one or more series became effective. On April 2, 1998, an amendment to Form S-11, which registered an additional 25,000,000 BACs for sale to the public in one or more series, became effective. On August 31, 1999, an amendment to Form S-11, which registered an additional 8,000,000 BACs for sale to the public in one or more series, became effective. On July 26, 2000, an amendment to Form S-11, which registered an additional 7,500,000 BACs for sale to the public in one or more series, became effective. On July 24, 2001, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public in one or more series, became effective. On July 24, 2002, an amendment to Form S–11, which registered an additional 7,000,000 BACs for sale to the public, became effective. On July 1, 2003, an amendment to Form S–11, which registered an additional 7,000,000 BACs for sale to the public, became effective. Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing: Series Closing Date BACs Sold Equity Raised Series 20 June 24, 1994 3,866,700 $38,667,000 Series 21 December 31, 1994 1,892,700 $18,927,000 Series 22 December 28, 1994 2,564,400 $25,644,000 Series 23 June 23, 1995 3,336,727 $33,366,000 Series 24 September 22, 1995 2,169,878 $21,697,000 Series 25 December 29, 1995 3,026,109 $30,248,000 Series 26 June 25, 1996 3,995,900 $39,959,000 Series 27 September 17, 1996 2,460,700 $24,607,000 Series 28 January 29, 1997 4,000,738 $39,999,000 Series Closing Date BACs Sold Equity Raised Series 29 June 10, 1997 3,991,800 $39,918,000 Series 30 September 10, 1997 2,651,000 $26,490,750 Series 31 January 18, 1998 4,417,857 $44,057,750 Series 32 June 23, 1998 4,754,198 $47,431,000 Series 33 September 21, 1998 2,636,533 $26,362,000 Series 34 February 11, 1999 3,529,319 $35,273,000 Series 35 June 28, 1999 3,300,463 $33,004,630 Series 36 September 28, 1999 2,106,838 $21,068,375 Series 37 January 28, 2000 2,512,500 $25,125,000 Series 38 July 31, 2000 2,543,100 $25,431,000 Series 39 January 31, 2001 2,292,151 $22,921,000 Series 40 July 31, 2001 2,630,256 $26,269,256 Series 41 January 31, 2002 2,891,626 $28,916,260 Series 42 July 31, 2002 2,744,262 $27,442,620 Series 43 December 31, 2002 3,637,987 $36,379,870 Series 44 April 30, 2003 2,701,973 $27,019,730 Series 45 September 16, 2003 4,014,367 $40,143,670 Series 46 December 19, 2003 2,980,998 $29,809,980 The Fund concluded its public offering of BACs in the Fund on December 19, 2003. |
ACCOUNTING AND FINANCIAL REPORT
ACCOUNTING AND FINANCIAL REPORTING POLICIES | 6 Months Ended |
Sep. 30, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES The condensed financial statements herein as of September 30, 2016 and for the three and six 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 | 6 Months Ended |
Sep. 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 $ 5,535 $ 8,238 Series 21 2,718 3,392 Series 22 7,302 11,781 Series 23 9,270 16,523 Series 24 12,588 12,588 Series 25 5,934 5,934 Series 26 23,269 25,929 Series 27 26,496 38,358 Series 28 8,844 22,389 Series 29 20,547 21,381 Series 30 17,421 22,736 Series 31 37,521 44,853 Series 32 43,080 56,622 Series 33 16,398 16,398 Series 34 18,352 29,661 Series 35 22,065 32,115 Series 36 7,626 33,120 Series 37 34,425 39,330 Series 38 36,936 41,100 Series 39 16,280 31,485 Series 40 34,610 50,004 Series 41 56,148 57,229 Series 42 42,870 49,100 Series 43 57,693 64,027 Series 44 59,769 63,657 Series 45 70,800 70,800 Series 46 62,382 62,382 $ 756,879 $ 931,132 2016 2015 Series 20 $ - $ 95,580 Series 21 150,000 - Series 24 25,176 25,176 Series 25 11,868 11,868 Series 26 47,986 54,544 Series 27 64,854 76,716 Series 28 26,991 53,844 Series 29 153,500 278,493 Series 30 - 72,630 Series 31 75,042 2,840,263 Series 32 756,790 118,416 Series 33 900,000 53,079 Series 34 291,000 552,727 Series 35 1,460,603 - Series 36 571,611 25,000 Series 38 32,421 25,000 Series 39 102,774 29,999 Series 40 287,722 - Series 41 100,000 - Series 42 2,141,040 153,508 Series 43 2,202,870 50,000 Series 46 - 25,000 $ 9,402,248 $ 4,541,843 |
INVESTMENTS IN OPERATING PARTNE
INVESTMENTS IN OPERATING PARTNERSHIPS | 6 Months Ended |
Sep. 30, 2016 | |
Investments In Operating Partnerships [Abstract] | |
Equity Method Investments Disclosure [Text Block] | NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS At September 30, 2016 and 2015, the Fund has limited partnership interests in 236 and 277 Operating Partnerships, respectively, which own or are constructing apartment complexes. The breakdown of Operating Partnerships within the Fund at September 30, 2016 and 2015 are as follows: 2016 2015 Series 20 3 4 Series 21 2 2 Series 22 3 4 Series 23 5 7 Series 24 6 6 Series 25 4 4 Series 26 13 14 Series 27 5 7 Series 28 5 10 Series 29 8 8 Series 30 8 9 Series 31 17 18 Series 32 10 11 Series 33 5 5 Series 34 5 8 Series 35 5 7 Series 36 3 9 Series 37 4 6 Series 38 8 10 Series 39 3 9 Series 40 12 16 Series 41 18 18 Series 42 15 15 Series 43 19 19 Series 44 7 8 Series 45 28 28 Series 46 15 15 236 277 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 $ - $ 8,659 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 $ 586,772 Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition Gain on Disposition Series 20 - 1 $ 138,000 $ 138,000 Series 23 1 - 3,550 3,550 Series 26 1 - 18,500 18,500 Series 27 1 1 3,016,000 3,016,000 Series 28 1 - 5,000 5,000 Series 34 2 - 242,500 242,500 Series 35 - 1 2,380,752 2,380,752 Series 36 3 1 2,503,252 2,503,252 Series 37 2 - 1,934,639 1,934,639 Series 39 4 - 122,100 122,100 Series 40 2 - 49,000 49,000 Series 44 - 1 - - Total 17 5 $ 10,413,293 $ 10,413,293 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 six months ended September 30, 2015 the Fund disposed of twenty-nine Operating Partnerships. A summary of the dispositions by Series for September 30, 2015 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * Gain on Disposition Series 21 2 - $ 326,273 $ 326,273 Series 22 2 - 232,296 232,989 Series 23 2 - 215,459 215,459 Series 24 - - 96,715 16,675 Series 26 3 - 128,000 59,000 Series 28 1 - 1,197,000 1,197,000 Series 29 1 1 199,000 199,000 Series 30 2 - 312,461 261,461 Series 31 1 - 1,256,102 1,256,102 Series 33 1 - 1,097,000 1,097,000 Series 34 1 - 37,000 37,000 Series 35 1 1 972,250 972,250 Series 41 1 - 457,440 457,440 Series 42 5 - 3,254,655 3,214,695 Series 43 4 - 2,492,094 2,492,094 Total 27 2 $ 12,273,745 $ 12,034,438 * 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. Fund proceeds from disposition does not include $693 which was due to a write-off of capital contribution payable Series 22. 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 $ 36,065,499 $ 45,203,563 Interest and other 1,352,575 1,285,405 37,418,074 46,488,968 Expenses Interest 6,268,686 7,888,032 Depreciation and amortization 9,906,888 12,463,273 Operating expenses 26,167,804 30,752,781 42,343,378 51,104,086 NET LOSS $ (4,925,304) $ (4,615,118) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (4,876,047) (4,568,964) Net loss allocated to other (49,257) (46,154) * Amounts include $(4,876,047) and $(4,406,179) 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 $ 334,521 $ 418,810 Interest and other 17,848 19,006 352,369 437,816 Expenses Interest 36,427 47,011 Depreciation and amortization 86,616 101,632 Operating expenses 256,689 310,583 379,732 459,226 NET LOSS $ (27,363) $ (21,410) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (27,089) (21,196) Net loss allocated to other (274) (214) * Amounts include $(27,089) and $(21,196) 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 2016 2015 Revenues Rental $ 254,448 $ 315,338 Interest and other 1,593 2,100 256,041 317,438 Expenses Interest 26,001 44,646 Depreciation and amortization 41,517 51,789 Operating expenses 189,063 244,856 256,581 341,291 NET LOSS $ (540) $ (23,853) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (535) $ (23,614) Net loss allocated to other $ (5) $ (239) * Amounts include $(535) and $(23,614) 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 $ 253,512 $ 475,615 Interest and other 9,919 11,730 263,431 487,345 Expenses Interest 26,537 66,701 Depreciation and amortization 55,366 113,609 Operating expenses 215,687 349,376 297,590 529,686 NET LOSS $ (34,159) $ (42,341) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (33,817) $ (41,918) Net loss allocated to other $ (342) $ (423) * Amounts include $(33,817) and $(41,918) 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 $ 984,595 $ 1,377,593 Interest and other 32,230 42,646 1,016,825 1,420,239 Expenses Interest 89,603 157,010 Depreciation and amortization 307,885 324,218 Operating expenses 804,619 1,095,569 1,202,107 1,576,797 NET LOSS $ (185,282) $ (156,558) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (183,428) $ (154,991) Net loss allocated to other $ (1,854) $ (1,567) * Amounts include $(183,428) and $(154,991) 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 2016 2015 Revenues Rental $ 515,358 $ 502,834 Interest and other 9,973 10,154 525,331 512,988 Expenses Interest 46,052 47,306 Depreciation and amortization 136,278 137,080 Operating expenses 410,197 418,156 592,527 602,542 NET LOSS $ (67,196) $ (89,554) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (66,524) $ (88,658) Net loss allocated to other $ (672) $ (896) * Amounts include $(66,524) and $(88,658) 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 $ 427,000 $ 434,822 Interest and other 12,744 10,457 439,744 445,279 Expenses Interest 55,151 68,232 Depreciation and amortization 78,604 77,664 Operating expenses 328,546 316,742 462,301 462,638 NET LOSS $ (22,557) $ (17,359) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (22,331) (17,185) Net loss allocated to other (226) (174) * Amounts include $(22,331) and $(17,185) 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 $ 1,133,662 $ 1,307,218 Interest and other 24,802 25,613 1,158,464 1,332,831 Expenses Interest 181,864 197,728 Depreciation and amortization 288,199 352,022 Operating expenses 1,002,380 1,039,030 1,472,443 1,588,780 NET LOSS $ (313,979) $ (255,949) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (310,839) (253,390) Net loss allocated to other (3,140) (2,559) * Amounts include $(310,839) and $(253,390) 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 $ 1,380,003 $ 2,131,992 Interest and other 6,276 23,304 1,386,279 2,155,296 Expenses Interest 239,810 427,512 Depreciation and amortization 309,373 446,408 Operating expenses 944,846 1,293,531 1,494,029 2,167,451 NET LOSS $ (107,750) $ (12,155) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (106,672) (12,033) Net loss allocated to other (1,078) (122) * Amounts include $(106,672) and $(12,033) 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 $ 500,121 $ 1,068,294 Interest and other 9,336 22,268 509,457 1,090,562 Expenses Interest 71,995 85,171 Depreciation and amortization 115,386 354,444 Operating expenses 433,166 847,019 620,547 1,286,634 NET LOSS $ (111,090) $ (196,072) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (109,979) (194,111) Net loss allocated to other (1,111) (1,961) * Amounts include $(109,979) and $(194,111) 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 $ 962,895 $ 1,003,232 Interest and other 63,597 64,239 1,026,492 1,067,471 Expenses Interest 199,552 189,364 Depreciation and amortization 244,583 274,358 Operating expenses 770,811 797,043 1,214,946 1,260,765 NET LOSS $ (188,454) $ (193,294) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (186,569) (191,361) Net loss allocated to other (1,885) (1,933) * Amounts include $(186,569) and $(191,361) 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 $ 751,561 $ 1,234,713 Interest and other 45,948 24,356 797,509 1,259,069 Expenses Interest 91,581 137,653 Depreciation and amortization 202,659 262,136 Operating expenses 610,909 974,484 905,149 1,374,273 NET LOSS $ (107,640) $ (115,204) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (106,564) (114,052) Net loss allocated to other (1,076) (1,152) * Amounts include $(106,564) and $(114,052) 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 $ 1,940,685 $ 2,465,084 Interest and other 174,470 89,374 2,115,155 2,554,458 Expenses Interest 196,780 283,455 Depreciation and amortization 567,427 594,205 Operating expenses 1,541,743 1,901,611 2,305,950 2,779,271 NET LOSS $ (190,795) $ (224,813) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (188,887) (222,565) Net loss allocated to other (1,908) (2,248) * Amounts include $(188,887) and $(222,565) 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 $ 1,722,521 $ 2,032,846 Interest and other 159,181 63,023 1,881,702 2,095,869 Expenses Interest 268,103 368,226 Depreciation and amortization 537,645 727,641 Operating expenses 1,427,978 1,391,384 2,233,726 2,487,251 NET LOSS $ (352,024) $ (391,382) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (348,504) (387,468) Net loss allocated to other (3,520) (3,914) * Amounts include $(348,504) and $(387,468) 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 $ 687,842 $ 681,965 Interest and other 21,964 17,096 709,806 699,061 Expenses Interest 112,698 109,503 Depreciation and amortization 192,599 210,065 Operating expenses 518,800 452,542 824,097 772,110 NET LOSS $ (114,291) $ (73,049) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (113,148) (72,319) Net loss allocated to other (1,143) (730) * Amounts include $(113,148) and $(72,319) 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 2016 2015 Revenues Rental $ 792,078 $ 1,397,775 Interest and other 25,072 37,799 817,150 1,435,574 Expenses Interest 121,301 229,624 Depreciation and amortization 214,454 360,388 Operating expenses 618,888 944,799 954,643 1,534,811 NET LOSS $ (137,493) $ (99,237) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (136,118) (98,245) Net loss allocated to other (1,375) (992) * Amounts include $(136,118) and $(98,245) 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 $ 1,175,230 $ 1,578,198 Interest and other 38,304 51,707 1,213,534 1,629,905 Expenses Interest 224,588 316,275 Depreciation and amortization 412,269 468,066 Operating expenses 732,303 935,527 1,369,160 1,719,868 NET LOSS $ (155,626) $ (89,963) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (154,070) (89,063) Net loss allocated to other (1,556) (900) * Amounts include $(154,070) and $(89,063) 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 $ 317,822 $ 1,507,446 Interest and other 8,517 25,672 326,339 1,533,118 Expenses Interest 57,271 283,848 Depreciation and amortization 97,781 485,787 Operating expenses 243,903 1,023,950 398,955 1,793,585 NET LOSS $ (72,616) $ (260,467) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (71,890) (257,862) Net loss allocated to other (726) (2,605) * Amounts include $(71,890) and $(257,862) 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 $ 1,452,093 $ 1,982,200 Interest and other 58,318 37,642 1,510,411 2,019,842 Expenses Interest 306,076 369,232 Depreciation and amortization 459,576 567,481 Operating expenses 1,053,614 1,444,391 1,819,266 2,381,104 NET LOSS $ (308,855) $ (361,262) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (305,766) (357,649) Net loss allocated to other (3,089) (3,613) * Amounts include $(305,766) and $(357,649) 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 $ 1,756,776 $ 1,869,747 Interest and other 45,784 56,081 1,802,560 1,925,828 Expenses Interest 304,848 345,016 Depreciation and amortization 420,171 526,055 Operating expenses 1,187,985 1,314,846 1,913,004 2,185,917 NET LOSS $ (110,444) $ (260,089) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (109,340) (257,488) Net loss allocated to other (1,104) (2,601) * Amounts include $(109,340) and $(257,488) 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 $ 746,462 $ 1,358,384 Interest and other 28,669 60,845 775,131 1,419,229 Expenses Interest 148,585 246,902 Depreciation and amortization 172,026 386,912 Operating expenses 534,006 1,037,607 854,617 1,671,421 NET LOSS $ (79,486) $ (252,192) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (78,691) (249,670) Net loss allocated to other (795) (2,522) * Amounts include $(78,691) and $(249,670) 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 $ 1,448,000 $ 2,168,775 Interest and other 29,090 67,170 1,477,090 2,235,945 Expenses Interest 290,153 446,834 Depreciation and amortization 434,196 697,543 Operating expenses 1,003,602 1,374,402 1,727,951 2,518,779 NET LOSS $ (250,861) $ (282,834) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (248,352) (280,006) Net loss allocated to other (2,509) (2,828) * Amounts include $(248,352) and $(280,006) 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. 2016 2015 Revenues Rental $ 2,720,284 $ 2,801,800 Interest and other 73,131 91,172 2,793,415 2,892,972 Expenses Interest 547,115 542,600 Depreciation and amortization 678,310 721,750 Operating expenses 1,828,142 1,739,882 3,053,567 3,004,232 NET LOSS $ (260,152) $ (111,260) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (257,550) (110,147) Net loss allocated to other (2,602) (1,113) * Amounts include $(257,550) and $(110,147) 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 $ 1,799,442 $ 2,419,424 Interest and other 129,594 120,967 1,929,036 2,540,391 Expenses Interest 380,976 502,601 Depreciation and amortization 558,935 709,510 Operating expenses 1,364,820 1,615,686 2,304,731 2,827,797 NET LOSS $ (375,695) $ (287,406) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (371,938) (284,532) Net loss allocated to other (3,757) (2,874) * Amounts include $(371,938) and $(284,532) 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 $ 2,590,713 $ 3,238,064 Interest and other 109,734 119,246 2,700,447 3,357,310 Expenses Interest 382,972 498,924 Depreciation and amortization 875,902 994,350 Operating expenses 1,963,968 1,915,389 3,222,842 3,408,663 NET LOSS $ (522,395) $ (51,353) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (517,171) (50,839) Net loss allocated to other (5,224) (514) * Amounts include $(517,171) and $(50,839) 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 $ 2,977,712 $ 2,963,278 Interest and other 77,859 78,935 3,055,571 3,042,213 Expenses Interest 722,083 767,046 Depreciation and amortization 727,408 770,821 Operating expenses 1,702,100 1,709,863 3,151,591 3,247,730 NET LOSS $ (96,020) $ (205,517) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (95,060) (203,462) Net loss allocated to other (960) (2,055) * Amounts include $(95,060) and $(203,462) 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 $ 3,583,687 $ 3,612,886 Interest and other 68,543 68,998 3,652,230 3,681,884 Expenses Interest 513,990 506,207 Depreciation and amortization 1,005,493 1,002,855 Operating expenses 2,559,633 2,473,948 4,079,116 3,983,010 NET LOSS $ (426,886) $ (301,126) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (422,617) (298,115) Net loss allocated to other (4,269) (3,011) * Amounts include $(422,617) and $(259,106) 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 $ 2,856,476 $ 2,855,230 Interest and other 70,079 43,805 2,926,555 2,899,035 Expenses Interest 626,574 603,405 Depreciation and amortization 686,230 744,484 Operating expenses 1,919,406 1,790,565 3,232,210 3,138,454 NET LOSS $ (305,655) $ (239,419) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (302,598) (2 |
TAXABLE LOSS
TAXABLE LOSS | 6 Months Ended |
Sep. 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 | 6 Months Ended |
Sep. 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 | 6 Months Ended |
Sep. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE G - SUBSEQUENT EVENTS Events that occur after the balance sheet date but before the financial statements were available to be issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes. Management evaluated the activity of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements. |
ORGANIZATION (Tables)
ORGANIZATION (Tables) | 6 Months Ended |
Sep. 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 Closing Date BACs Sold Equity Raised Series 29 June 10, 1997 3,991,800 $39,918,000 Series 30 September 10, 1997 2,651,000 $26,490,750 Series 31 January 18, 1998 4,417,857 $44,057,750 Series 32 June 23, 1998 4,754,198 $47,431,000 Series 33 September 21, 1998 2,636,533 $26,362,000 Series 34 February 11, 1999 3,529,319 $35,273,000 Series 35 June 28, 1999 3,300,463 $33,004,630 Series 36 September 28, 1999 2,106,838 $21,068,375 Series 37 January 28, 2000 2,512,500 $25,125,000 Series 38 July 31, 2000 2,543,100 $25,431,000 Series 39 January 31, 2001 2,292,151 $22,921,000 Series 40 July 31, 2001 2,630,256 $26,269,256 Series 41 January 31, 2002 2,891,626 $28,916,260 Series 42 July 31, 2002 2,744,262 $27,442,620 Series 43 December 31, 2002 3,637,987 $36,379,870 Series 44 April 30, 2003 2,701,973 $27,019,730 Series 45 September 16, 2003 4,014,367 $40,143,670 Series 46 December 19, 2003 2,980,998 $29,809,980 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 6 Months Ended |
Sep. 30, 2016 | |
Related Party Transactions [Abstract] | |
Schedule Of Gross Management Fee [Table Text Block] | 2016 2015 Series 20 $ 5,535 $ 8,238 Series 21 2,718 3,392 Series 22 7,302 11,781 Series 23 9,270 16,523 Series 24 12,588 12,588 Series 25 5,934 5,934 Series 26 23,269 25,929 Series 27 26,496 38,358 Series 28 8,844 22,389 Series 29 20,547 21,381 Series 30 17,421 22,736 Series 31 37,521 44,853 Series 32 43,080 56,622 Series 33 16,398 16,398 Series 34 18,352 29,661 Series 35 22,065 32,115 Series 36 7,626 33,120 Series 37 34,425 39,330 Series 38 36,936 41,100 Series 39 16,280 31,485 Series 40 34,610 50,004 Series 41 56,148 57,229 Series 42 42,870 49,100 Series 43 57,693 64,027 Series 44 59,769 63,657 Series 45 70,800 70,800 Series 46 62,382 62,382 $ 756,879 $ 931,132 |
Schedule Of Management Fees Paid [Table Text Block] | The fund management fees paid for the six months ended September 30, 2016 and 2015 are as follows: 2016 2015 Series 20 $ - $ 95,580 Series 21 150,000 - Series 24 25,176 25,176 Series 25 11,868 11,868 Series 26 47,986 54,544 Series 27 64,854 76,716 Series 28 26,991 53,844 Series 29 153,500 278,493 Series 30 - 72,630 Series 31 75,042 2,840,263 Series 32 756,790 118,416 Series 33 900,000 53,079 Series 34 291,000 552,727 Series 35 1,460,603 - Series 36 571,611 25,000 Series 38 32,421 25,000 Series 39 102,774 29,999 Series 40 287,722 - Series 41 100,000 - Series 42 2,141,040 153,508 Series 43 2,202,870 50,000 Series 46 - 25,000 $ 9,402,248 $ 4,541,843 |
INVESTMENTS IN OPERATING PART16
INVESTMENTS IN OPERATING PARTNERSHIPS (Tables) | 6 Months Ended |
Sep. 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 September 30, 2016 and 2015 are as follows: 2016 2015 Series 20 3 4 Series 21 2 2 Series 22 3 4 Series 23 5 7 Series 24 6 6 Series 25 4 4 Series 26 13 14 Series 27 5 7 Series 28 5 10 Series 29 8 8 Series 30 8 9 Series 31 17 18 Series 32 10 11 Series 33 5 5 Series 34 5 8 Series 35 5 7 Series 36 3 9 Series 37 4 6 Series 38 8 10 Series 39 3 9 Series 40 12 16 Series 41 18 18 Series 42 15 15 Series 43 19 19 Series 44 7 8 Series 45 28 28 Series 46 15 15 236 277 |
Schedule Of Contributions Payable [Table Text Block] | The contributions payable at September 30, 2016 and 2015, are as follows: 2016 2015 Series 22 $ - $ 8,659 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 $ 586,772 |
Schedule Of Dispositions By Series [Table Text Block] | During the six months ended September 30, 2016 the Fund disposed of twenty two Operating Partnerships. A summary of the dispositions by Series for September 30, 2016 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition Gain on Disposition Series 20 - 1 $ 138,000 $ 138,000 Series 23 1 - 3,550 3,550 Series 26 1 - 18,500 18,500 Series 27 1 1 3,016,000 3,016,000 Series 28 1 - 5,000 5,000 Series 34 2 - 242,500 242,500 Series 35 - 1 2,380,752 2,380,752 Series 36 3 1 2,503,252 2,503,252 Series 37 2 - 1,934,639 1,934,639 Series 39 4 - 122,100 122,100 Series 40 2 - 49,000 49,000 Series 44 - 1 - - Total 17 5 $ 10,413,293 $ 10,413,293 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 six months ended September 30, 2015 the Fund disposed of twenty-nine Operating Partnerships. A summary of the dispositions by Series for September 30, 2015 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * Gain on Disposition Series 21 2 - $ 326,273 $ 326,273 Series 22 2 - 232,296 232,989 Series 23 2 - 215,459 215,459 Series 24 - - 96,715 16,675 Series 26 3 - 128,000 59,000 Series 28 1 - 1,197,000 1,197,000 Series 29 1 1 199,000 199,000 Series 30 2 - 312,461 261,461 Series 31 1 - 1,256,102 1,256,102 Series 33 1 - 1,097,000 1,097,000 Series 34 1 - 37,000 37,000 Series 35 1 1 972,250 972,250 Series 41 1 - 457,440 457,440 Series 42 5 - 3,254,655 3,214,695 Series 43 4 - 2,492,094 2,492,094 Total 27 2 $ 12,273,745 $ 12,034,438 * 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. Fund proceeds from disposition does not include $693 which was due to a write-off of capital contribution payable Series 22. 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 six months ended June 30, 2016. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2016 2015 Revenues Rental $ 36,065,499 $ 45,203,563 Interest and other 1,352,575 1,285,405 37,418,074 46,488,968 Expenses Interest 6,268,686 7,888,032 Depreciation and amortization 9,906,888 12,463,273 Operating expenses 26,167,804 30,752,781 42,343,378 51,104,086 NET LOSS $ (4,925,304) $ (4,615,118) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (4,876,047) (4,568,964) Net loss allocated to other (49,257) (46,154) * Amounts include $(4,876,047) and $(4,406,179) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 20 2016 2015 Revenues Rental $ 334,521 $ 418,810 Interest and other 17,848 19,006 352,369 437,816 Expenses Interest 36,427 47,011 Depreciation and amortization 86,616 101,632 Operating expenses 256,689 310,583 379,732 459,226 NET LOSS $ (27,363) $ (21,410) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (27,089) (21,196) Net loss allocated to other (274) (214) * Amounts include $(27,089) and $(21,196) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 21 2016 2015 Revenues Rental $ 254,448 $ 315,338 Interest and other 1,593 2,100 256,041 317,438 Expenses Interest 26,001 44,646 Depreciation and amortization 41,517 51,789 Operating expenses 189,063 244,856 256,581 341,291 NET LOSS $ (540) $ (23,853) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (535) $ (23,614) Net loss allocated to other $ (5) $ (239) * Amounts include $(535) and $(23,614) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 22 2016 2015 Revenues Rental $ 253,512 $ 475,615 Interest and other 9,919 11,730 263,431 487,345 Expenses Interest 26,537 66,701 Depreciation and amortization 55,366 113,609 Operating expenses 215,687 349,376 297,590 529,686 NET LOSS $ (34,159) $ (42,341) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (33,817) $ (41,918) Net loss allocated to other $ (342) $ (423) * Amounts include $(33,817) and $(41,918) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 23 2016 2015 Revenues Rental $ 984,595 $ 1,377,593 Interest and other 32,230 42,646 1,016,825 1,420,239 Expenses Interest 89,603 157,010 Depreciation and amortization 307,885 324,218 Operating expenses 804,619 1,095,569 1,202,107 1,576,797 NET LOSS $ (185,282) $ (156,558) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (183,428) $ (154,991) Net loss allocated to other $ (1,854) $ (1,567) * Amounts include $(183,428) and $(154,991) for 2016 and 2015, of net loss not recognized under the equity method of accounting. Series 24 2016 2015 Revenues Rental $ 515,358 $ 502,834 Interest and other 9,973 10,154 525,331 512,988 Expenses Interest 46,052 47,306 Depreciation and amortization 136,278 137,080 Operating expenses 410,197 418,156 592,527 602,542 NET LOSS $ (67,196) $ (89,554) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (66,524) $ (88,658) Net loss allocated to other $ (672) $ (896) * Amounts include $(66,524) and $(88,658) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 25 2016 2015 Revenues Rental $ 427,000 $ 434,822 Interest and other 12,744 10,457 439,744 445,279 Expenses Interest 55,151 68,232 Depreciation and amortization 78,604 77,664 Operating expenses 328,546 316,742 462,301 462,638 NET LOSS $ (22,557) $ (17,359) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (22,331) (17,185) Net loss allocated to other (226) (174) * Amounts include $(22,331) and $(17,185) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 26 2016 2015 Revenues Rental $ 1,133,662 $ 1,307,218 Interest and other 24,802 25,613 1,158,464 1,332,831 Expenses Interest 181,864 197,728 Depreciation and amortization 288,199 352,022 Operating expenses 1,002,380 1,039,030 1,472,443 1,588,780 NET LOSS $ (313,979) $ (255,949) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (310,839) (253,390) Net loss allocated to other (3,140) (2,559) * Amounts include $(310,839) and $(253,390) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 27 2016 2015 Revenues Rental $ 1,380,003 $ 2,131,992 Interest and other 6,276 23,304 1,386,279 2,155,296 Expenses Interest 239,810 427,512 Depreciation and amortization 309,373 446,408 Operating expenses 944,846 1,293,531 1,494,029 2,167,451 NET LOSS $ (107,750) $ (12,155) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (106,672) (12,033) Net loss allocated to other (1,078) (122) * Amounts include $(106,672) and $(12,033) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 28 2016 2015 Revenues Rental $ 500,121 $ 1,068,294 Interest and other 9,336 22,268 509,457 1,090,562 Expenses Interest 71,995 85,171 Depreciation and amortization 115,386 354,444 Operating expenses 433,166 847,019 620,547 1,286,634 NET LOSS $ (111,090) $ (196,072) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (109,979) (194,111) Net loss allocated to other (1,111) (1,961) * Amounts include $(109,979) and $(194,111) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 29 2016 2015 Revenues Rental $ 962,895 $ 1,003,232 Interest and other 63,597 64,239 1,026,492 1,067,471 Expenses Interest 199,552 189,364 Depreciation and amortization 244,583 274,358 Operating expenses 770,811 797,043 1,214,946 1,260,765 NET LOSS $ (188,454) $ (193,294) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (186,569) (191,361) Net loss allocated to other (1,885) (1,933) * Amounts include $(186,569) and $(191,361) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 30 2016 2015 Revenues Rental $ 751,561 $ 1,234,713 Interest and other 45,948 24,356 797,509 1,259,069 Expenses Interest 91,581 137,653 Depreciation and amortization 202,659 262,136 Operating expenses 610,909 974,484 905,149 1,374,273 NET LOSS $ (107,640) $ (115,204) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (106,564) (114,052) Net loss allocated to other (1,076) (1,152) * Amounts include $(106,564) and $(114,052) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 31 2016 2015 Revenues Rental $ 1,940,685 $ 2,465,084 Interest and other 174,470 89,374 2,115,155 2,554,458 Expenses Interest 196,780 283,455 Depreciation and amortization 567,427 594,205 Operating expenses 1,541,743 1,901,611 2,305,950 2,779,271 NET LOSS $ (190,795) $ (224,813) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (188,887) (222,565) Net loss allocated to other (1,908) (2,248) * Amounts include $(188,887) and $(222,565) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 32 2016 2015 Revenues Rental $ 1,722,521 $ 2,032,846 Interest and other 159,181 63,023 1,881,702 2,095,869 Expenses Interest 268,103 368,226 Depreciation and amortization 537,645 727,641 Operating expenses 1,427,978 1,391,384 2,233,726 2,487,251 NET LOSS $ (352,024) $ (391,382) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (348,504) (387,468) Net loss allocated to other (3,520) (3,914) * Amounts include $(348,504) and $(387,468) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 33 2016 2015 Revenues Rental $ 687,842 $ 681,965 Interest and other 21,964 17,096 709,806 699,061 Expenses Interest 112,698 109,503 Depreciation and amortization 192,599 210,065 Operating expenses 518,800 452,542 824,097 772,110 NET LOSS $ (114,291) $ (73,049) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (113,148) (72,319) Net loss allocated to other (1,143) (730) * Amounts include $(113,148) and $(72,319) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 34 2016 2015 Revenues Rental $ 792,078 $ 1,397,775 Interest and other 25,072 37,799 817,150 1,435,574 Expenses Interest 121,301 229,624 Depreciation and amortization 214,454 360,388 Operating expenses 618,888 944,799 954,643 1,534,811 NET LOSS $ (137,493) $ (99,237) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (136,118) (98,245) Net loss allocated to other (1,375) (992) * Amounts include $(136,118) and $(98,245) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 35 2016 2015 Revenues Rental $ 1,175,230 $ 1,578,198 Interest and other 38,304 51,707 1,213,534 1,629,905 Expenses Interest 224,588 316,275 Depreciation and amortization 412,269 468,066 Operating expenses 732,303 935,527 1,369,160 1,719,868 NET LOSS $ (155,626) $ (89,963) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (154,070) (89,063) Net loss allocated to other (1,556) (900) * Amounts include $(154,070) and $(89,063) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 36 2016 2015 Revenues Rental $ 317,822 $ 1,507,446 Interest and other 8,517 25,672 326,339 1,533,118 Expenses Interest 57,271 283,848 Depreciation and amortization 97,781 485,787 Operating expenses 243,903 1,023,950 398,955 1,793,585 NET LOSS $ (72,616) $ (260,467) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (71,890) (257,862) Net loss allocated to other (726) (2,605) * Amounts include $(71,890) and $(257,862) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 37 2016 2015 Revenues Rental $ 1,452,093 $ 1,982,200 Interest and other 58,318 37,642 1,510,411 2,019,842 Expenses Interest 306,076 369,232 Depreciation and amortization 459,576 567,481 Operating expenses 1,053,614 1,444,391 1,819,266 2,381,104 NET LOSS $ (308,855) $ (361,262) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (305,766) (357,649) Net loss allocated to other (3,089) (3,613) * Amounts include $(305,766) and $(357,649) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 38 2016 2015 Revenues Rental $ 1,756,776 $ 1,869,747 Interest and other 45,784 56,081 1,802,560 1,925,828 Expenses Interest 304,848 345,016 Depreciation and amortization 420,171 526,055 Operating expenses 1,187,985 1,314,846 1,913,004 2,185,917 NET LOSS $ (110,444) $ (260,089) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (109,340) (257,488) Net loss allocated to other (1,104) (2,601) * Amounts include $(109,340) and $(257,488) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 39 2016 2015 Revenues Rental $ 746,462 $ 1,358,384 Interest and other 28,669 60,845 775,131 1,419,229 Expenses Interest 148,585 246,902 Depreciation and amortization 172,026 386,912 Operating expenses 534,006 1,037,607 854,617 1,671,421 NET LOSS $ (79,486) $ (252,192) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (78,691) (249,670) Net loss allocated to other (795) (2,522) * Amounts include $(78,691) and $(249,670) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 40 2016 2015 Revenues Rental $ 1,448,000 $ 2,168,775 Interest and other 29,090 67,170 1,477,090 2,235,945 Expenses Interest 290,153 446,834 Depreciation and amortization 434,196 697,543 Operating expenses 1,003,602 1,374,402 1,727,951 2,518,779 NET LOSS $ (250,861) $ (282,834) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (248,352) (280,006) Net loss allocated to other (2,509) (2,828) * Amounts include $(248,352) and $(280,006) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 41 2016 2015 Revenues Rental $ 2,720,284 $ 2,801,800 Interest and other 73,131 91,172 2,793,415 2,892,972 Expenses Interest 547,115 542,600 Depreciation and amortization 678,310 721,750 Operating expenses 1,828,142 1,739,882 3,053,567 3,004,232 NET LOSS $ (260,152) $ (111,260) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (257,550) (110,147) Net loss allocated to other (2,602) (1,113) * Amounts include $(257,550) and $(110,147) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 42 2016 2015 Revenues Rental $ 1,799,442 $ 2,419,424 Interest and other 129,594 120,967 1,929,036 2,540,391 Expenses Interest 380,976 502,601 Depreciation and amortization 558,935 709,510 Operating expenses 1,364,820 1,615,686 2,304,731 2,827,797 NET LOSS $ (375,695) $ (287,406) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (371,938) (284,532) Net loss allocated to other (3,757) (2,874) * Amounts include $(371,938) and $(284,532) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 43 2016 2015 Revenues Rental $ 2,590,713 $ 3,238,064 Interest and other 109,734 119,246 2,700,447 3,357,310 Expenses Interest 382,972 498,924 Depreciation and amortization 875,902 994,350 Operating expenses 1,963,968 1,915,389 3,222,842 3,408,663 NET LOSS $ (522,395) $ (51,353) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (517,171) (50,839) Net loss allocated to other (5,224) (514) * Amounts include $(517,171) and $(50,839) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 44 2016 2015 Revenues Rental $ 2,977,712 $ 2,963,278 Interest and other 77,859 78,935 3,055,571 3,042,213 Expenses Interest 722,083 767,046 Depreciation and amortization 727,408 770,821 Operating expenses 1,702,100 1,709,863 3,151,591 3,247,730 NET LOSS $ (96,020) $ (205,517) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (95,060) (203,462) Net loss allocated to other (960) (2,055) * Amounts include $(95,060) and $(203,462) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 45 2016 2015 Revenues Rental $ 3,583,687 $ 3,612,886 Interest and other 68,543 68,998 3,652,230 3,681,884 Expenses Interest 513,990 506,207 Depreciation and amortization 1,005,493 1,002,855 Operating expenses 2,559,633 2,473,948 4,079,116 3,983,010 NET LOSS $ (426,886) $ (301,126) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (422,617) (298,115) Net loss allocated to other (4,269) (3,011) * Amounts include $(422,617) and $(259,106) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. Series 46 2016 2015 Revenues Rental $ 2,856,476 $ 2,855,230 Interest and other 70,079 43,805 2,926,555 2,899,035 Expenses Interest 626,574 603,405 Depreciation and amortization 686,230 744,484 Operating expenses 1,919,406 1,790,565 3,232,210 3,138,454 NET LOSS $ (305,655) $ (239,419) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* (302,598) (237,025) Net loss allocated to other (3,057) (2,394) * Amounts include $(302,598) and $(113,249) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. |
ORGANIZATION (Details)
ORGANIZATION (Details) - USD ($) | 6 Months Ended | |
Sep. 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 | Sep. 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 ($) | 6 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 756,879 | $ 931,132 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 5,535 | 8,238 |
Series Twenty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 2,718 | 3,392 |
Series Twenty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,302 | 11,781 |
Series Twenty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 9,270 | 16,523 |
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 | 23,269 | 25,929 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 26,496 | 38,358 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 8,844 | 22,389 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 20,547 | 21,381 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 17,421 | 22,736 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 37,521 | 44,853 |
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 | 16,398 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 18,352 | 29,661 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 22,065 | 32,115 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,626 | 33,120 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 34,425 | 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 | 16,280 | 31,485 |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 34,610 | 50,004 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 56,148 | 57,229 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 42,870 | 49,100 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 57,693 | 64,027 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 59,769 | 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 ($) | 6 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 9,402,248 | $ 4,541,843 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 95,580 |
Series Twenty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 150,000 | 0 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 25,176 | 25,176 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 11,868 | 11,868 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 47,986 | 54,544 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 64,854 | 76,716 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 26,991 | 53,844 |
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 | 75,042 | 2,840,263 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 756,790 | 118,416 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 900,000 | 53,079 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 291,000 | 552,727 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 1,460,603 | 0 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 571,611 | 25,000 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 32,421 | 25,000 |
Series Thirty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 102,774 | 29,999 |
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 | 2,141,040 | 153,508 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 2,202,870 | 50,000 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 0 | $ 25,000 |
RELATED PARTY TRANSACTIONS (D21
RELATED PARTY TRANSACTIONS (Details Textual) | 6 Months Ended |
Sep. 30, 2016 | |
Related Party Transaction [Line Items] | |
Percentage Of Annual Management Fee | 0.50% |
INVESTMENTS IN OPERATING PART22
INVESTMENTS IN OPERATING PARTNERSHIPS (Details) - Number | Sep. 30, 2016 | Sep. 30, 2015 |
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 236 | 277 |
Series Twenty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 4 |
Series Twenty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 2 | 2 |
Series Twenty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 4 |
Series Twenty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 7 |
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 | 13 | 14 |
Series Twenty Seven [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 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 | 8 |
Series Thirty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 8 | 9 |
Series Thirty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 17 | 18 |
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 | 5 | 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 | 4 | 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 | 3 | 9 |
Series Forty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 12 | 16 |
Series Forty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 18 | 18 |
Series Forty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 15 | 15 |
Series Forty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 19 | 19 |
Series Forty Four [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 7 | 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 ($) | Sep. 30, 2016 | Mar. 31, 2016 | Sep. 30, 2015 |
Contributions Payable [Line Items] | |||
Capital contributions payable | $ 578,113 | $ 578,113 | $ 586,772 |
Series Twenty Two [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 0 | 0 | 8,659 |
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) | 6 Months Ended | |||
Sep. 30, 2016USD ($)Number | Sep. 30, 2015USD ($)Number | |||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 17 | 27 | ||
Sale of Underlying Operating Partnership | Number | 5 | 2 | ||
Fund Proceeds from Disposition | $ | $ 10,413,293 | $ 12,273,745 | [1] | |
Gain on Disposition | $ | $ 10,413,293 | 12,034,438 | ||
Series Twenty [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Fund Proceeds from Disposition | $ | $ 138,000 | $ 0 | ||
Gain on Disposition | $ | 138,000 | |||
Series Twenty One [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 2 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | 0 | $ 326,273 | [1] | |
Gain on Disposition | $ | $ 326,273 | |||
Series Twenty Two [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 2 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 0 | $ 232,296 | [1] | |
Gain on Disposition | $ | $ 232,989 | |||
Series Twenty Three [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | 2 | ||
Sale of Underlying Operating Partnership | Number | 0 | 0 | ||
Fund Proceeds from Disposition | $ | $ 3,550 | $ 215,459 | [1] | |
Gain on Disposition | $ | 3,550 | $ 215,459 | ||
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 | $ 96,715 | [1] | |
Gain on Disposition | $ | $ 16,675 | |||
Series Twenty Six [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | 3 | ||
Sale of Underlying Operating Partnership | Number | 0 | 0 | ||
Fund Proceeds from Disposition | $ | $ 18,500 | $ 128,000 | [1] | |
Gain on Disposition | $ | $ 18,500 | 59,000 | ||
Series Twenty Seven [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Fund Proceeds from Disposition | $ | $ 3,016,000 | $ 0 | ||
Gain on Disposition | $ | $ 3,016,000 | |||
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 | 1 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Fund Proceeds from Disposition | $ | 0 | $ 199,000 | [1] | |
Gain on Disposition | $ | $ 199,000 | |||
Series Thirty [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 2 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | 0 | $ 312,461 | [1] | |
Gain on Disposition | $ | $ 261,461 | |||
Series Thirty 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 | $ 1,256,102 | [1] | |
Gain on Disposition | $ | $ 1,256,102 | |||
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 | 2 | 1 | ||
Sale of Underlying Operating Partnership | Number | 0 | 0 | ||
Fund Proceeds from Disposition | $ | $ 242,500 | $ 37,000 | [1] | |
Gain on Disposition | $ | $ 242,500 | $ 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 | $ | $ 2,380,752 | $ 972,250 | [1] | |
Gain on Disposition | $ | $ 2,380,752 | 972,250 | ||
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 | $ | $ 2,503,252 | 0 | ||
Gain on Disposition | $ | $ 2,503,252 | |||
Series Thirty Seven [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 2 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 1,934,639 | 0 | ||
Gain on Disposition | $ | $ 1,934,639 | |||
Series Thirty Nine [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 4 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 122,100 | 0 | ||
Gain on Disposition | $ | $ 122,100 | |||
Series Forty [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 2 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 49,000 | $ 0 | ||
Gain on Disposition | $ | 49,000 | |||
Series Forty 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 | $ 457,440 | [1] | |
Gain on Disposition | $ | $ 457,440 | |||
Series Fourty Two [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 5 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | [1] | $ 3,254,655 | ||
Gain on Disposition | $ | $ 3,214,695 | |||
Series Forty Three [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 4 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Fund Proceeds from Disposition | $ | $ 0 | $ 2,492,094 | [1] | |
Gain on Disposition | $ | 2,492,094 | |||
Series Forty Four [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 | $ 0 | ||
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. Fund proceeds from disposition does not include $693 which was due to a write-off of capital contribution payable Series 22. |
INVESTMENTS IN OPERATING PART25
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 3) - USD ($) | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | ||
Revenues | |||
Rental | $ 36,065,499 | $ 45,203,563 | |
Interest and other | 1,352,575 | 1,285,405 | |
Operating Partnerships Revenues | 37,418,074 | 46,488,968 | |
Expenses | |||
Interest | 6,268,686 | 7,888,032 | |
Depreciation and amortization | 9,906,888 | 12,463,273 | |
Operating expenses | 26,167,804 | 30,752,781 | |
Operating Partnerships Total Expenses | 42,343,378 | 51,104,086 | |
NET LOSS | (4,925,304) | (4,615,118) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [1] | (4,876,047) | (4,568,964) |
Net loss allocated to other Partners | (49,257) | (46,154) | |
Series Twenty [Member] | |||
Revenues | |||
Rental | 334,521 | 418,810 | |
Interest and other | 17,848 | 19,006 | |
Operating Partnerships Revenues | 352,369 | 437,816 | |
Expenses | |||
Interest | 36,427 | 47,011 | |
Depreciation and amortization | 86,616 | 101,632 | |
Operating expenses | 256,689 | 310,583 | |
Operating Partnerships Total Expenses | 379,732 | 459,226 | |
NET LOSS | (27,363) | (21,410) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [2] | (27,089) | (21,196) |
Net loss allocated to other Partners | (274) | (214) | |
Series Twenty One [Member] | |||
Revenues | |||
Rental | 254,448 | 315,338 | |
Interest and other | 1,593 | 2,100 | |
Operating Partnerships Revenues | 256,041 | 317,438 | |
Expenses | |||
Interest | 26,001 | 44,646 | |
Depreciation and amortization | 41,517 | 51,789 | |
Operating expenses | 189,063 | 244,856 | |
Operating Partnerships Total Expenses | 256,581 | 341,291 | |
NET LOSS | (540) | (23,853) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [3] | (535) | (23,614) |
Net loss allocated to other Partners | (5) | (239) | |
Series Twenty Two [Member] | |||
Revenues | |||
Rental | 253,512 | 475,615 | |
Interest and other | 9,919 | 11,730 | |
Operating Partnerships Revenues | 263,431 | 487,345 | |
Expenses | |||
Interest | 26,537 | 66,701 | |
Depreciation and amortization | 55,366 | 113,609 | |
Operating expenses | 215,687 | 349,376 | |
Operating Partnerships Total Expenses | 297,590 | 529,686 | |
NET LOSS | (34,159) | (42,341) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [4] | (33,817) | (41,918) |
Net loss allocated to other Partners | (342) | (423) | |
Series Twenty Three [Member] | |||
Revenues | |||
Rental | 984,595 | 1,377,593 | |
Interest and other | 32,230 | 42,646 | |
Operating Partnerships Revenues | 1,016,825 | 1,420,239 | |
Expenses | |||
Interest | 89,603 | 157,010 | |
Depreciation and amortization | 307,885 | 324,218 | |
Operating expenses | 804,619 | 1,095,569 | |
Operating Partnerships Total Expenses | 1,202,107 | 1,576,797 | |
NET LOSS | (185,282) | (156,558) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [5] | (183,428) | (154,991) |
Net loss allocated to other Partners | (1,854) | (1,567) | |
Series Twenty Four [Member] | |||
Revenues | |||
Rental | 515,358 | 502,834 | |
Interest and other | 9,973 | 10,154 | |
Operating Partnerships Revenues | 525,331 | 512,988 | |
Expenses | |||
Interest | 46,052 | 47,306 | |
Depreciation and amortization | 136,278 | 137,080 | |
Operating expenses | 410,197 | 418,156 | |
Operating Partnerships Total Expenses | 592,527 | 602,542 | |
NET LOSS | (67,196) | (89,554) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [6] | (66,524) | (88,658) |
Net loss allocated to other Partners | (672) | (896) | |
Series Twenty Five [Member] | |||
Revenues | |||
Rental | 427,000 | 434,822 | |
Interest and other | 12,744 | 10,457 | |
Operating Partnerships Revenues | 439,744 | 445,279 | |
Expenses | |||
Interest | 55,151 | 68,232 | |
Depreciation and amortization | 78,604 | 77,664 | |
Operating expenses | 328,546 | 316,742 | |
Operating Partnerships Total Expenses | 462,301 | 462,638 | |
NET LOSS | (22,557) | (17,359) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [7] | (22,331) | (17,185) |
Net loss allocated to other Partners | (226) | (174) | |
Series Twenty Six [Member] | |||
Revenues | |||
Rental | 1,133,662 | 1,307,218 | |
Interest and other | 24,802 | 25,613 | |
Operating Partnerships Revenues | 1,158,464 | 1,332,831 | |
Expenses | |||
Interest | 181,864 | 197,728 | |
Depreciation and amortization | 288,199 | 352,022 | |
Operating expenses | 1,002,380 | 1,039,030 | |
Operating Partnerships Total Expenses | 1,472,443 | 1,588,780 | |
NET LOSS | (313,979) | (255,949) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [8] | (310,839) | (253,390) |
Net loss allocated to other Partners | (3,140) | (2,559) | |
Series Twenty Seven [Member] | |||
Revenues | |||
Rental | 1,380,003 | 2,131,992 | |
Interest and other | 6,276 | 23,304 | |
Operating Partnerships Revenues | 1,386,279 | 2,155,296 | |
Expenses | |||
Interest | 239,810 | 427,512 | |
Depreciation and amortization | 309,373 | 446,408 | |
Operating expenses | 944,846 | 1,293,531 | |
Operating Partnerships Total Expenses | 1,494,029 | 2,167,451 | |
NET LOSS | (107,750) | (12,155) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [9] | (106,672) | (12,033) |
Net loss allocated to other Partners | (1,078) | (122) | |
Series Twenty Eight [Member] | |||
Revenues | |||
Rental | 500,121 | 1,068,294 | |
Interest and other | 9,336 | 22,268 | |
Operating Partnerships Revenues | 509,457 | 1,090,562 | |
Expenses | |||
Interest | 71,995 | 85,171 | |
Depreciation and amortization | 115,386 | 354,444 | |
Operating expenses | 433,166 | 847,019 | |
Operating Partnerships Total Expenses | 620,547 | 1,286,634 | |
NET LOSS | (111,090) | (196,072) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [10] | (109,979) | (194,111) |
Net loss allocated to other Partners | (1,111) | (1,961) | |
Series Twenty Nine [Member] | |||
Revenues | |||
Rental | 962,895 | 1,003,232 | |
Interest and other | 63,597 | 64,239 | |
Operating Partnerships Revenues | 1,026,492 | 1,067,471 | |
Expenses | |||
Interest | 199,552 | 189,364 | |
Depreciation and amortization | 244,583 | 274,358 | |
Operating expenses | 770,811 | 797,043 | |
Operating Partnerships Total Expenses | 1,214,946 | 1,260,765 | |
NET LOSS | (188,454) | (193,294) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [11] | (186,569) | (191,361) |
Net loss allocated to other Partners | (1,885) | (1,933) | |
Series Thirty [Member] | |||
Revenues | |||
Rental | 751,561 | 1,234,713 | |
Interest and other | 45,948 | 24,356 | |
Operating Partnerships Revenues | 797,509 | 1,259,069 | |
Expenses | |||
Interest | 91,581 | 137,653 | |
Depreciation and amortization | 202,659 | 262,136 | |
Operating expenses | 610,909 | 974,484 | |
Operating Partnerships Total Expenses | 905,149 | 1,374,273 | |
NET LOSS | (107,640) | (115,204) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [12] | (106,564) | (114,052) |
Net loss allocated to other Partners | (1,076) | (1,152) | |
Series Thirty One [Member] | |||
Revenues | |||
Rental | 1,940,685 | 2,465,084 | |
Interest and other | 174,470 | 89,374 | |
Operating Partnerships Revenues | 2,115,155 | 2,554,458 | |
Expenses | |||
Interest | 196,780 | 283,455 | |
Depreciation and amortization | 567,427 | 594,205 | |
Operating expenses | 1,541,743 | 1,901,611 | |
Operating Partnerships Total Expenses | 2,305,950 | 2,779,271 | |
NET LOSS | (190,795) | (224,813) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [13] | (188,887) | (222,565) |
Net loss allocated to other Partners | (1,908) | (2,248) | |
Series Thirty Two [Member] | |||
Revenues | |||
Rental | 1,722,521 | 2,032,846 | |
Interest and other | 159,181 | 63,023 | |
Operating Partnerships Revenues | 1,881,702 | 2,095,869 | |
Expenses | |||
Interest | 268,103 | 368,226 | |
Depreciation and amortization | 537,645 | 727,641 | |
Operating expenses | 1,427,978 | 1,391,384 | |
Operating Partnerships Total Expenses | 2,233,726 | 2,487,251 | |
NET LOSS | (352,024) | (391,382) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [14] | (348,504) | (387,468) |
Net loss allocated to other Partners | (3,520) | (3,914) | |
Series Thirty Three [Member] | |||
Revenues | |||
Rental | 687,842 | 681,965 | |
Interest and other | 21,964 | 17,096 | |
Operating Partnerships Revenues | 709,806 | 699,061 | |
Expenses | |||
Interest | 112,698 | 109,503 | |
Depreciation and amortization | 192,599 | 210,065 | |
Operating expenses | 518,800 | 452,542 | |
Operating Partnerships Total Expenses | 824,097 | 772,110 | |
NET LOSS | (114,291) | (73,049) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [15] | (113,148) | (72,319) |
Net loss allocated to other Partners | (1,143) | (730) | |
Series Thirty Four [Member] | |||
Revenues | |||
Rental | 792,078 | 1,397,775 | |
Interest and other | 25,072 | 37,799 | |
Operating Partnerships Revenues | 817,150 | 1,435,574 | |
Expenses | |||
Interest | 121,301 | 229,624 | |
Depreciation and amortization | 214,454 | 360,388 | |
Operating expenses | 618,888 | 944,799 | |
Operating Partnerships Total Expenses | 954,643 | 1,534,811 | |
NET LOSS | (137,493) | (99,237) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [16] | (136,118) | (98,245) |
Net loss allocated to other Partners | (1,375) | (992) | |
Series Thirty Five [Member] | |||
Revenues | |||
Rental | 1,175,230 | 1,578,198 | |
Interest and other | 38,304 | 51,707 | |
Operating Partnerships Revenues | 1,213,534 | 1,629,905 | |
Expenses | |||
Interest | 224,588 | 316,275 | |
Depreciation and amortization | 412,269 | 468,066 | |
Operating expenses | 732,303 | 935,527 | |
Operating Partnerships Total Expenses | 1,369,160 | 1,719,868 | |
NET LOSS | (155,626) | (89,963) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [17] | (154,070) | (89,063) |
Net loss allocated to other Partners | (1,556) | (900) | |
Series Thirty Six [Member] | |||
Revenues | |||
Rental | 317,822 | 1,507,446 | |
Interest and other | 8,517 | 25,672 | |
Operating Partnerships Revenues | 326,339 | 1,533,118 | |
Expenses | |||
Interest | 57,271 | 283,848 | |
Depreciation and amortization | 97,781 | 485,787 | |
Operating expenses | 243,903 | 1,023,950 | |
Operating Partnerships Total Expenses | 398,955 | 1,793,585 | |
NET LOSS | (72,616) | (260,467) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [18] | (71,890) | (257,862) |
Net loss allocated to other Partners | (726) | (2,605) | |
Series Thirty Seven [Member] | |||
Revenues | |||
Rental | 1,452,093 | 1,982,200 | |
Interest and other | 58,318 | 37,642 | |
Operating Partnerships Revenues | 1,510,411 | 2,019,842 | |
Expenses | |||
Interest | 306,076 | 369,232 | |
Depreciation and amortization | 459,576 | 567,481 | |
Operating expenses | 1,053,614 | 1,444,391 | |
Operating Partnerships Total Expenses | 1,819,266 | 2,381,104 | |
NET LOSS | (308,855) | (361,262) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [19] | (305,766) | (357,649) |
Net loss allocated to other Partners | (3,089) | (3,613) | |
Series Thirty Eight [Member] | |||
Revenues | |||
Rental | 1,756,776 | 1,869,747 | |
Interest and other | 45,784 | 56,081 | |
Operating Partnerships Revenues | 1,802,560 | 1,925,828 | |
Expenses | |||
Interest | 304,848 | 345,016 | |
Depreciation and amortization | 420,171 | 526,055 | |
Operating expenses | 1,187,985 | 1,314,846 | |
Operating Partnerships Total Expenses | 1,913,004 | 2,185,917 | |
NET LOSS | (110,444) | (260,089) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [20] | (109,340) | (257,488) |
Net loss allocated to other Partners | (1,104) | (2,601) | |
Series Thirty Nine [Member] | |||
Revenues | |||
Rental | 746,462 | 1,358,384 | |
Interest and other | 28,669 | 60,845 | |
Operating Partnerships Revenues | 775,131 | 1,419,229 | |
Expenses | |||
Interest | 148,585 | 246,902 | |
Depreciation and amortization | 172,026 | 386,912 | |
Operating expenses | 534,006 | 1,037,607 | |
Operating Partnerships Total Expenses | 854,617 | 1,671,421 | |
NET LOSS | (79,486) | (252,192) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [21] | (78,691) | (249,670) |
Net loss allocated to other Partners | (795) | (2,522) | |
Series Forty [Member] | |||
Revenues | |||
Rental | 1,448,000 | 2,168,775 | |
Interest and other | 29,090 | 67,170 | |
Operating Partnerships Revenues | 1,477,090 | 2,235,945 | |
Expenses | |||
Interest | 290,153 | 446,834 | |
Depreciation and amortization | 434,196 | 697,543 | |
Operating expenses | 1,003,602 | 1,374,402 | |
Operating Partnerships Total Expenses | 1,727,951 | 2,518,779 | |
NET LOSS | (250,861) | (282,834) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [22] | (248,352) | (280,006) |
Net loss allocated to other Partners | (2,509) | (2,828) | |
Series Forty One [Member] | |||
Revenues | |||
Rental | 2,720,284 | 2,801,800 | |
Interest and other | 73,131 | 91,172 | |
Operating Partnerships Revenues | 2,793,415 | 2,892,972 | |
Expenses | |||
Interest | 547,115 | 542,600 | |
Depreciation and amortization | 678,310 | 721,750 | |
Operating expenses | 1,828,142 | 1,739,882 | |
Operating Partnerships Total Expenses | 3,053,567 | 3,004,232 | |
NET LOSS | (260,152) | (111,260) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [23] | (257,550) | (110,147) |
Net loss allocated to other Partners | (2,602) | (1,113) | |
Series Forty Two [Member] | |||
Revenues | |||
Rental | 1,799,442 | 2,419,424 | |
Interest and other | 129,594 | 120,967 | |
Operating Partnerships Revenues | 1,929,036 | 2,540,391 | |
Expenses | |||
Interest | 380,976 | 502,601 | |
Depreciation and amortization | 558,935 | 709,510 | |
Operating expenses | 1,364,820 | 1,615,686 | |
Operating Partnerships Total Expenses | 2,304,731 | 2,827,797 | |
NET LOSS | (375,695) | (287,406) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [24] | (371,938) | (284,532) |
Net loss allocated to other Partners | (3,757) | (2,874) | |
Series Forty Three [Member] | |||
Revenues | |||
Rental | 2,590,713 | 3,238,064 | |
Interest and other | 109,734 | 119,246 | |
Operating Partnerships Revenues | 2,700,447 | 3,357,310 | |
Expenses | |||
Interest | 382,972 | 498,924 | |
Depreciation and amortization | 875,902 | 994,350 | |
Operating expenses | 1,963,968 | 1,915,389 | |
Operating Partnerships Total Expenses | 3,222,842 | 3,408,663 | |
NET LOSS | (522,395) | (51,353) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [25] | (517,171) | (50,839) |
Net loss allocated to other Partners | (5,224) | (514) | |
Series Forty Four [Member] | |||
Revenues | |||
Rental | 2,977,712 | 2,963,278 | |
Interest and other | 77,859 | 78,935 | |
Operating Partnerships Revenues | 3,055,571 | 3,042,213 | |
Expenses | |||
Interest | 722,083 | 767,046 | |
Depreciation and amortization | 727,408 | 770,821 | |
Operating expenses | 1,702,100 | 1,709,863 | |
Operating Partnerships Total Expenses | 3,151,591 | 3,247,730 | |
NET LOSS | (96,020) | (205,517) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [26] | (95,060) | (203,462) |
Net loss allocated to other Partners | (960) | (2,055) | |
Series Forty Five [Member] | |||
Revenues | |||
Rental | 3,583,687 | 3,612,886 | |
Interest and other | 68,543 | 68,998 | |
Operating Partnerships Revenues | 3,652,230 | 3,681,884 | |
Expenses | |||
Interest | 513,990 | 506,207 | |
Depreciation and amortization | 1,005,493 | 1,002,855 | |
Operating expenses | 2,559,633 | 2,473,948 | |
Operating Partnerships Total Expenses | 4,079,116 | 3,983,010 | |
NET LOSS | (426,886) | (301,126) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [27] | (422,617) | (298,115) |
Net loss allocated to other Partners | (4,269) | (3,011) | |
Series Forty Six [Member] | |||
Revenues | |||
Rental | 2,856,476 | 2,855,230 | |
Interest and other | 70,079 | 43,805 | |
Operating Partnerships Revenues | 2,926,555 | 2,899,035 | |
Expenses | |||
Interest | 626,574 | 603,405 | |
Depreciation and amortization | 686,230 | 744,484 | |
Operating expenses | 1,919,406 | 1,790,565 | |
Operating Partnerships Total Expenses | 3,232,210 | 3,138,454 | |
NET LOSS | (305,655) | (239,419) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [28] | (302,598) | (237,025) |
Net loss allocated to other Partners | $ (3,057) | $ (2,394) | |
[1] | Amounts include $(4,876,047) and $(4,406,179) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[2] | Amounts include $(27,089) and $(21,196) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[3] | Amounts include $(535) and $(23,614) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[4] | Amounts include $(33,817) and $(41,918) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[5] | Amounts include $(183,428) and $(154,991) for 2016 and 2015, of net loss not recognized under the equity method of accounting. | ||
[6] | Amounts include $(66,524) and $(88,658) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[7] | Amounts include $(22,331) and $(17,185) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[8] | Amounts include $(310,839) and $(253,390) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[9] | Amounts include $(106,672) and $(12,033) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[10] | Amounts include $(109,979) and $(194,111) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[11] | Amounts include $(186,569) and $(191,361) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[12] | Amounts include $(106,564) and $(114,052) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[13] | Amounts include $(188,887) and $(222,565) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[14] | Amounts include $(348,504) and $(387,468) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[15] | Amounts include $(113,148) and $(72,319) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[16] | Amounts include $(136,118) and $(98,245) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[17] | Amounts include $(154,070) and $(89,063) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[18] | Amounts include $(71,890) and $(257,862) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[19] | Amounts include $(305,766) and $(357,649) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[20] | Amounts include $(109,340) and $(257,488) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[21] | Amounts include $(78,691) and $(249,670) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[22] | Amounts include $(248,352) and $(280,006) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[23] | Amounts include $(257,550) and $(110,147) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[24] | Amounts include $(371,938) and $(284,532) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[25] | Amounts include $(517,171) and $(50,839) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[26] | Amounts include $(95,060) and $(203,462) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[27] | Amounts include $(422,617) and $(259,106) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. | ||
[28] | Amounts include $(302,598) and $(113,249) for 2016 and 2015, respectively, of net loss not recognized under the equity method of accounting. |
INVESTMENTS IN OPERATING PART26
INVESTMENTS IN OPERATING PARTNERSHIPS (Details Textual) - USD ($) | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Mar. 31, 2015 | |
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | $ (4,876,047) | $ (4,406,179) | |
Series Twenty [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (27,089) | (21,196) | |
Series Twenty One [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (535) | (23,614) | |
Series Twenty Two [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (33,817) | (41,918) | |
Series Twenty Three [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (183,428) | (154,991) | |
Series Twenty Four [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (66,524) | (88,658) | |
Fund Receivable | $ 80,040 | ||
Series Twenty Five [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (22,331) | (17,185) | |
Series Twenty Six [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (310,839) | (253,390) | |
Fund Receivable | 69,000 | ||
Series Twenty Seven [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (106,672) | (12,033) | |
Series Twenty Eight [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (109,979) | (194,111) | |
Series Twenty Nine [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (186,569) | (191,361) | |
Series Thirty [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (106,564) | (114,052) | |
Fund Receivable | 51,000 | ||
Series Thirty One [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (188,887) | (222,565) | |
Series Thirty Two [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (348,504) | (387,468) | |
Series Thirty Three [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (113,148) | (72,319) | |
Series Thirty Four [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (136,118) | (98,245) | |
Series Thirty Five [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (154,070) | (89,063) | |
Series Thirty Six [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (71,890) | (257,862) | |
Series Thirty Seven [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (305,766) | (357,649) | |
Series Thirty Eight [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (109,340) | (257,488) | |
Series Thirty Nine [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (78,691) | (249,670) | |
Series Forty [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (248,352) | (280,006) | |
Series Forty One [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (257,550) | (110,147) | |
Series Forty Two [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (371,938) | (284,532) | |
Fund Receivable | $ 39,960 | ||
Series Forty Three [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (517,171) | (50,839) | |
Series Forty Four [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (95,060) | (203,462) | |
Series Forty Five [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | (422,617) | (259,106) | |
Series Forty Six [Member] | |||
Investments In Operating Limited Partnerships [Line Items] | |||
Income Loss Not Recognized Under Equity Method Accounting | $ (302,598) | $ (113,249) |