Document And Entity Information
Document And Entity Information | 3 Months Ended |
Jun. 30, 2021shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Transition Report | false |
Entity File Number | 0-26200 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 04-3208648 |
Entity Address, Address Line One | 101 Arch Street |
Entity Address, Address Line Two | 13th Floor |
Entity Address, City or Town | Boston |
Entity Address, State or Province | MA |
Entity Address, Postal Zip Code | 02110 |
City Area Code | 888 |
Local Phone Number | 773-1487 |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2021 |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | Q1 |
Entity Registrant Name | BF GARDEN TAX CREDIT FUND IV L.P. |
Title of 12(b) Security | None |
No Trading Symbol Flag | true |
Entity Central Index Key | 0000913778 |
Current Fiscal Year End Date | --03-31 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 0 |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Entity Small Business | true |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 |
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | $ 0 | $ 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 10,369,153 | 10,819,585 |
Other assets | 10,248 | 10,829 |
ASSETS | 10,379,401 | 10,830,414 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 27 |
Accounts payable affiliates (Note C) | 11,892,457 | 12,664,070 |
Capital contributions payable | 785 | 785 |
LIABILITIES | 11,893,242 | 12,664,882 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | (1,133,459) | (1,450,880) |
General Partner | (380,382) | (383,588) |
PARTNERS' CAPITAL (DEFICIT) | (1,513,841) | (1,834,468) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 10,379,401 | 10,830,414 |
Series Twenty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | (754,767) | (754,767) |
General Partner | 754,767 | 754,767 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | (898,231) | (898,231) |
General Partner | 898,231 | 898,231 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | (2,448,362) | (2,448,362) |
General Partner | 2,448,362 | 2,448,362 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | (224,264) | (224,264) |
General Partner | 224,264 | 224,264 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 173,404 | 173,404 |
General Partner | (173,404) | (173,404) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 219,815 | 219,815 |
General Partner | (219,815) | (219,815) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 524,818 | 531,027 |
Other assets | 50 | 75 |
ASSETS | 524,868 | 531,102 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 4,398 | 2,199 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 4,398 | 2,199 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | 833,607 | 841,956 |
General Partner | (313,137) | (313,053) |
PARTNERS' CAPITAL (DEFICIT) | 520,470 | 528,903 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 524,868 | 531,102 |
Series Twenty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 133,264 | 133,264 |
General Partner | (133,264) | (133,264) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 275,140 | 275,140 |
General Partner | (275,140) | (275,140) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Nine [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 159,291 | 164,236 |
Other assets | 2,099 | 2,148 |
ASSETS | 161,390 | 166,384 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 3,131,245 | 3,127,627 |
Capital contributions payable | 785 | 785 |
LIABILITIES | 3,132,030 | 3,128,412 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | (2,602,287) | (2,593,761) |
General Partner | (368,353) | (368,267) |
PARTNERS' CAPITAL (DEFICIT) | (2,970,640) | (2,962,028) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 161,390 | 166,384 |
Series Thirty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | (883,119) | (883,119) |
General Partner | 883,119 | 883,119 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 353,529 | 353,529 |
General Partner | (353,529) | (353,529) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 2,634,703 | 2,640,414 |
Other assets | 49 | 74 |
ASSETS | 2,634,752 | 2,640,488 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 7,302 | 4,847 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 7,302 | 4,847 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | 3,007,540 | 3,015,649 |
General Partner | (380,090) | (380,008) |
PARTNERS' CAPITAL (DEFICIT) | 2,627,450 | 2,635,641 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 2,634,752 | 2,640,488 |
Series Thirty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 3,037,007 | 3,040,636 |
Other assets | 49 | 74 |
ASSETS | 3,037,056 | 3,040,710 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 7,592 | 4,992 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 7,592 | 4,992 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | 3,224,950 | 3,231,141 |
General Partner | (195,486) | (195,423) |
PARTNERS' CAPITAL (DEFICIT) | 3,029,464 | 3,035,718 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 3,037,056 | 3,040,710 |
Series Thirty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 123,926 | 129,067 |
Other assets | 49 | 74 |
ASSETS | 123,975 | 129,141 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,474,399 | 2,469,776 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,474,399 | 2,469,776 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | (2,026,530) | (2,016,839) |
General Partner | (323,894) | (323,796) |
PARTNERS' CAPITAL (DEFICIT) | (2,350,424) | (2,340,635) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 123,975 | 129,141 |
Series Thirty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 223,088 | 223,088 |
General Partner | (223,088) | (223,088) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 148,221 | 148,221 |
General Partner | (148,221) | (148,221) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 205,359 | 205,359 |
General Partner | (205,359) | (205,359) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 188,889 | 188,889 |
General Partner | (188,889) | (188,889) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Nine [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 196,043 | 196,043 |
General Partner | (196,043) | (196,043) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Forty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 216,900 | 216,900 |
General Partner | (216,900) | (216,900) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Forty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 370,560 | 408,743 |
Other assets | 94 | 437 |
ASSETS | 370,654 | 409,180 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 1 |
Accounts payable affiliates (Note C) | 2,677,339 | 2,690,845 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,677,339 | 2,690,846 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | (2,034,450) | (2,009,681) |
General Partner | (272,235) | (271,985) |
PARTNERS' CAPITAL (DEFICIT) | (2,306,685) | (2,281,666) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 370,654 | 409,180 |
Series Forty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 2,317,774 | 2,318,856 |
Other assets | 555 | 82 |
ASSETS | 2,318,329 | 2,318,938 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 40,786 | 36,736 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 40,786 | 36,736 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | 2,495,705 | 2,500,317 |
General Partner | (218,162) | (218,115) |
PARTNERS' CAPITAL (DEFICIT) | 2,277,543 | 2,282,202 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 2,318,329 | 2,318,938 |
Series Forty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
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 | 306,854 | 306,854 |
General Partner | (306,854) | (306,854) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Forty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 438,148 | 842,738 |
Other assets | 99 | 205 |
ASSETS | 438,247 | 842,943 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 26 |
Accounts payable affiliates (Note C) | 12,399 | 399,489 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 12,399 | 399,515 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | 659,038 | 676,442 |
General Partner | (233,190) | (233,014) |
PARTNERS' CAPITAL (DEFICIT) | 425,848 | 443,428 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 438,247 | 842,943 |
Series Forty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 304,393 | 294,663 |
Other assets | 2,395 | 2,627 |
ASSETS | 306,788 | 297,290 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,582,421 | 1,744,673 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,582,421 | 1,744,673 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | (909,215) | (1,079,247) |
General Partner | (366,418) | (368,136) |
PARTNERS' CAPITAL (DEFICIT) | (1,275,633) | (1,447,383) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 306,788 | 297,290 |
Series Forty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 458,533 | 449,205 |
Other assets | 4,809 | 5,033 |
ASSETS | 463,342 | 454,238 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,954,576 | 2,182,886 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,954,576 | 2,182,886 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees | (1,213,580) | (1,448,620) |
General Partner | (277,654) | (280,028) |
PARTNERS' CAPITAL (DEFICIT) | (1,491,234) | (1,728,648) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | $ 463,342 | $ 454,238 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2021 | Mar. 31, 2021 |
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 | 82,874,653 | 82,874,653 |
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 | 3,828,200 | 3,828,200 |
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 | 1,879,500 | 1,879,500 |
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 | 2,550,145 | 2,550,145 |
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 | 3,303,327 | 3,303,327 |
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 | 2,150,053 | 2,150,053 |
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 | 3,016,809 | 3,016,809 |
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 | 3,926,374 | 3,926,374 |
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 | 2,431,350 | 2,431,350 |
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 | 3,979,139 | 3,979,139 |
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 | 3,911,725 | 3,911,725 |
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 | 2,621,200 | 2,621,200 |
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 | 4,375,757 | 4,375,757 |
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 | 4,706,298 | 4,706,298 |
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 | 2,605,833 | 2,605,833 |
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 | 3,474,319 | 3,474,319 |
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 | 3,277,913 | 3,277,913 |
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 | 2,083,704 | 2,083,704 |
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 | 2,489,100 | 2,489,100 |
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 | 2,536,200 | 2,536,200 |
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 | 2,288,351 | 2,288,351 |
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 | 2,611,356 | 2,611,356 |
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 | 2,865,176 | 2,865,176 |
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 | 2,706,362 | 2,706,362 |
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 | 3,617,987 | 3,617,987 |
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 | 2,682,873 | 2,682,873 |
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 | 3,989,967 | 3,989,967 |
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 | 2,965,635 | 2,965,635 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Income | ||
Interest income | $ 2,537 | $ 5,520 |
Other income | 9,941 | 48,341 |
Revenues | 12,478 | 53,861 |
Gain on disposition of Operating Partnerships | 484,126 | 87,000 |
Expenses | ||
Professional fees | 16,136 | 63,215 |
Fund management fee, net (Note C) | 113,792 | 206,599 |
General and administrative expenses | 46,049 | 62,441 |
Operating expenses | 175,977 | 332,255 |
NET INCOME (LOSS) | 320,627 | (191,394) |
Net income (loss) allocated to assignees | 317,421 | (189,479) |
Net income (loss) allocated to general partner | $ 3,206 | $ (1,915) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty One [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Two [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Three [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Four [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Five [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Six [Member] | ||
Income | ||
Interest income | $ 130 | $ 675 |
Other income | 0 | 0 |
Revenues | 130 | 675 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 1,614 | 5,417 |
Fund management fee, net (Note C) | 2,199 | 4,282 |
General and administrative expenses | 4,750 | 6,641 |
Operating expenses | 8,563 | 16,340 |
NET INCOME (LOSS) | (8,433) | (15,665) |
Net income (loss) allocated to assignees | (8,349) | (15,508) |
Net income (loss) allocated to general partner | $ (84) | $ (157) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Seven [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Eight [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Nine [Member] | ||
Income | ||
Interest income | $ 38 | $ 195 |
Other income | 0 | 0 |
Revenues | 38 | 195 |
Gain on disposition of Operating Partnerships | 0 | 9,500 |
Expenses | ||
Professional fees | 1,614 | 4,847 |
Fund management fee, net (Note C) | 2,299 | 6,854 |
General and administrative expenses | 4,737 | 5,075 |
Operating expenses | 8,650 | 16,776 |
NET INCOME (LOSS) | (8,612) | (7,081) |
Net income (loss) allocated to assignees | (8,526) | (7,010) |
Net income (loss) allocated to general partner | $ (86) | $ (71) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty One [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Two [Member] | ||
Income | ||
Interest income | $ 659 | $ 250 |
Other income | 0 | 0 |
Revenues | 659 | 250 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 1,614 | 4,847 |
Fund management fee, net (Note C) | 2,455 | 15,132 |
General and administrative expenses | 4,781 | 6,598 |
Operating expenses | 8,850 | 26,577 |
NET INCOME (LOSS) | (8,191) | (26,327) |
Net income (loss) allocated to assignees | (8,109) | (26,064) |
Net income (loss) allocated to general partner | $ (82) | $ (263) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Thirty Three [Member] | ||
Income | ||
Interest income | $ 760 | $ 458 |
Other income | 0 | 0 |
Revenues | 760 | 458 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 1,614 | 4,467 |
Fund management fee, net (Note C) | 2,600 | 9,777 |
General and administrative expenses | 2,800 | 5,167 |
Operating expenses | 7,014 | 19,411 |
NET INCOME (LOSS) | (6,254) | (18,953) |
Net income (loss) allocated to assignees | (6,191) | (18,763) |
Net income (loss) allocated to general partner | $ (63) | $ (190) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Thirty Four [Member] | ||
Income | ||
Interest income | $ 30 | $ 237 |
Other income | 0 | 0 |
Revenues | 30 | 237 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 1,614 | 4,657 |
Fund management fee, net (Note C) | 4,623 | 6,727 |
General and administrative expenses | 3,582 | 5,814 |
Operating expenses | 9,819 | 17,198 |
NET INCOME (LOSS) | (9,789) | (16,961) |
Net income (loss) allocated to assignees | (9,691) | (16,791) |
Net income (loss) allocated to general partner | $ (98) | $ (170) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Five [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Six [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Seven [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Eight [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Nine [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Forty [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Other income | 0 | 0 |
Revenues | 0 | 0 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 0 | 0 |
Fund management fee, net (Note C) | 0 | 0 |
General and administrative expenses | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to assignees | 0 | 0 |
Net income (loss) allocated to general partner | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Forty One [Member] | ||
Income | ||
Interest income | $ 93 | $ 381 |
Other income | 0 | 2,506 |
Revenues | 93 | 2,887 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 1,614 | 5,987 |
Fund management fee, net (Note C) | 20,094 | 26,228 |
General and administrative expenses | 3,404 | 5,448 |
Operating expenses | 25,112 | 37,663 |
NET INCOME (LOSS) | (25,019) | (34,776) |
Net income (loss) allocated to assignees | (24,769) | (34,428) |
Net income (loss) allocated to general partner | $ (250) | $ (348) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Forty Two [Member] | ||
Income | ||
Interest income | $ 534 | $ 917 |
Other income | 868 | 0 |
Revenues | 1,402 | 917 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 1,614 | 5,607 |
Fund management fee, net (Note C) | 1,550 | 19,259 |
General and administrative expenses | 2,897 | 5,151 |
Operating expenses | 6,061 | 30,017 |
NET INCOME (LOSS) | (4,659) | (29,100) |
Net income (loss) allocated to assignees | (4,612) | (28,809) |
Net income (loss) allocated to general partner | $ (47) | $ (291) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Forty Three [Member] | ||
Income | ||
Interest income | $ 0 | $ 1,219 |
Other income | 0 | 874 |
Revenues | 0 | 2,093 |
Gain on disposition of Operating Partnerships | 0 | 9,000 |
Expenses | ||
Professional fees | 0 | 6,562 |
Fund management fee, net (Note C) | 0 | 17,578 |
General and administrative expenses | 0 | 5,789 |
Operating expenses | 0 | 29,929 |
NET INCOME (LOSS) | 0 | (18,836) |
Net income (loss) allocated to assignees | 0 | (18,648) |
Net income (loss) allocated to general partner | $ 0 | $ (188) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Forty Four [Member] | ||
Income | ||
Interest income | $ 109 | $ 421 |
Other income | 0 | 0 |
Revenues | 109 | 421 |
Gain on disposition of Operating Partnerships | 0 | 0 |
Expenses | ||
Professional fees | 1,613 | 5,607 |
Fund management fee, net (Note C) | 12,399 | 24,095 |
General and administrative expenses | 3,677 | 5,315 |
Operating expenses | 17,689 | 35,017 |
NET INCOME (LOSS) | (17,580) | (34,596) |
Net income (loss) allocated to assignees | (17,404) | (34,250) |
Net income (loss) allocated to general partner | $ (176) | $ (346) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Forty Five [Member] | ||
Income | ||
Interest income | $ 72 | $ 369 |
Other income | 490 | 22,990 |
Revenues | 562 | 23,359 |
Gain on disposition of Operating Partnerships | 211,140 | 0 |
Expenses | ||
Professional fees | 1,613 | 8,657 |
Fund management fee, net (Note C) | 27,309 | 31,504 |
General and administrative expenses | 11,030 | 6,157 |
Operating expenses | 39,952 | 46,318 |
NET INCOME (LOSS) | 171,750 | (22,959) |
Net income (loss) allocated to assignees | 170,032 | (22,729) |
Net income (loss) allocated to general partner | $ 1,718 | $ (230) |
Net income (loss) per BAC | $ 0.04 | $ (0.01) |
Series Forty Six [Member] | ||
Income | ||
Interest income | $ 112 | $ 398 |
Other income | 8,583 | 21,971 |
Revenues | 8,695 | 22,369 |
Gain on disposition of Operating Partnerships | 272,986 | 68,500 |
Expenses | ||
Professional fees | 1,612 | 6,560 |
Fund management fee, net (Note C) | 38,264 | 45,163 |
General and administrative expenses | 4,391 | 5,286 |
Operating expenses | 44,267 | 57,009 |
NET INCOME (LOSS) | 237,414 | 33,860 |
Net income (loss) allocated to assignees | 235,040 | 33,521 |
Net income (loss) allocated to general partner | $ 2,374 | $ 339 |
Net income (loss) per BAC | $ 0.08 | $ 0.01 |
CONDENSED STATEMENTS OF CHANGES
CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - USD ($) | Series Twenty [Member]Assignees [Member] | Series Twenty [Member]General Partner [Member] | Series Twenty [Member] | Series Twenty One [Member]Assignees [Member] | Series Twenty One [Member]General Partner [Member] | Series Twenty One [Member] | Series Twenty Two [Member]Assignees [Member] | Series Twenty Two [Member]General Partner [Member] | Series Twenty Two [Member] | Series Twenty Three [Member]Assignees [Member] | Series Twenty Three [Member]General Partner [Member] | Series Twenty Three [Member] | Series Twenty Four [Member]Assignees [Member] | Series Twenty Four [Member]General Partner [Member] | Series Twenty Four [Member] | Series Twenty Five [Member]Assignees [Member] | Series Twenty Five [Member]General Partner [Member] | Series Twenty Five [Member] | Series Twenty Six [Member]Assignees [Member] | Series Twenty Six [Member]General Partner [Member] | Series Twenty Six [Member] | Series Twenty Seven [Member]Assignees [Member] | Series Twenty Seven [Member]General Partner [Member] | Series Twenty Seven [Member] | Series Twenty Eight [Member]Assignees [Member] | Series Twenty Eight [Member]General Partner [Member] | Series Twenty Eight [Member] | Series Twenty Nine [Member]Assignees [Member] | Series Twenty Nine [Member]General Partner [Member] | Series Twenty Nine [Member] | Series Thirty [Member]Assignees [Member] | Series Thirty [Member]General Partner [Member] | Series Thirty [Member] | Series Thirty One [Member]Assignees [Member] | Series Thirty One [Member]General Partner [Member] | Series Thirty One [Member] | Series Thirty Two [Member]Assignees [Member] | Series Thirty Two [Member]General Partner [Member] | Series Thirty Two [Member] | Series Thirty Three [Member]Assignees [Member] | Series Thirty Three [Member]General Partner [Member] | Series Thirty Three [Member] | Series Thirty Four [Member]Assignees [Member] | Series Thirty Four [Member]General Partner [Member] | Series Thirty Four [Member] | Series Thirty Five [Member]Assignees [Member] | Series Thirty Five [Member]General Partner [Member] | Series Thirty Five [Member] | Series Thirty Six [Member]Assignees [Member] | Series Thirty Six [Member]General Partner [Member] | Series Thirty Six [Member] | Series Thirty Seven [Member]Assignees [Member] | Series Thirty Seven [Member]General Partner [Member] | Series Thirty Seven [Member] | Series Thirty Eight [Member]Assignees [Member] | Series Thirty Eight [Member]General Partner [Member] | Series Thirty Eight [Member] | Series Thirty Nine [Member]Assignees [Member] | Series Thirty Nine [Member]General Partner [Member] | Series Thirty Nine [Member] | Series Forty [Member]Assignees [Member] | Series Forty [Member]General Partner [Member] | Series Forty [Member] | Series Forty One [Member]Assignees [Member] | Series Forty One [Member]General Partner [Member] | Series Forty One [Member] | Series Forty Two [Member]Assignees [Member] | Series Forty Two [Member]General Partner [Member] | Series Forty Two [Member] | Series Forty Three [Member]Assignees [Member] | Series Forty Three [Member]General Partner [Member] | Series Forty Three [Member] | Series Forty Four [Member]Assignees [Member] | Series Forty Four [Member]General Partner [Member] | Series Forty Four [Member] | Series Forty Five [Member]Assignees [Member] | Series Forty Five [Member]General Partner [Member] | Series Forty Five [Member] | Series Forty Six [Member]Assignees [Member] | Series Forty Six [Member]General Partner [Member] | Series Forty Six [Member] | Assignees [Member] | General Partner [Member] | Total |
Partners' capital (deficit), Beginning balance at Mar. 31, 2020 | $ (754,767) | $ 754,767 | $ 0 | $ (898,231) | $ 898,231 | $ 0 | $ (2,448,362) | $ 2,448,362 | $ 0 | $ (224,264) | $ 224,264 | $ 0 | $ 173,404 | $ (173,404) | $ 0 | $ 219,815 | $ (219,815) | $ 0 | $ 888,586 | $ (312,582) | $ 576,004 | $ 133,264 | $ (133,264) | $ 0 | $ 275,140 | $ (275,140) | $ 0 | $ (2,581,075) | $ (368,139) | $ (2,949,214) | $ (883,119) | $ 883,119 | $ 0 | $ 353,529 | $ (353,529) | $ 0 | $ 514,959 | $ (405,267) | $ 109,692 | $ 782,102 | $ (220,161) | $ 561,941 | $ (1,973,967) | $ (323,363) | $ (2,297,330) | $ 223,088 | $ (223,088) | $ 0 | $ 148,221 | $ (148,221) | $ 0 | $ 205,359 | $ (205,359) | $ 0 | $ 188,889 | $ (188,889) | $ 0 | $ 196,043 | $ (196,043) | $ 0 | $ 216,900 | $ (216,900) | $ 0 | $ (2,023,466) | $ (272,124) | $ (2,295,590) | $ 1,843,687 | $ (224,748) | $ 1,618,939 | $ 1,723,649 | $ (307,358) | $ 1,416,291 | $ 192,920 | $ (237,898) | $ (44,978) | $ (1,135,758) | $ (368,707) | $ (1,504,465) | $ (1,399,379) | $ (279,531) | $ (1,678,910) | $ (6,042,833) | $ (444,787) | $ (6,487,620) |
Net income (loss) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (15,508) | (157) | (15,665) | 0 | 0 | 0 | 0 | 0 | (7,010) | (71) | (7,081) | 0 | 0 | 0 | 0 | 0 | 0 | (26,064) | (263) | (26,327) | (18,763) | (190) | (18,953) | (16,791) | (170) | (16,961) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (34,428) | (348) | (34,776) | (28,809) | (291) | (29,100) | (18,648) | (188) | (18,836) | (34,250) | (346) | (34,596) | (22,729) | (230) | (22,959) | 33,521 | 339 | 33,860 | (189,479) | (1,915) | (191,394) | |
Partners' capital (deficit), Ending balance at Jun. 30, 2020 | (754,767) | 754,767 | 0 | (898,231) | 898,231 | 0 | (2,448,362) | 2,448,362 | 0 | (224,264) | 224,264 | 0 | 173,404 | (173,404) | 0 | 219,815 | (219,815) | 0 | 873,078 | (312,739) | 560,339 | 133,264 | (133,264) | 0 | 275,140 | (275,140) | 0 | (2,588,085) | (368,210) | (2,956,295) | (883,119) | 883,119 | 0 | 353,529 | (353,529) | 0 | 488,895 | (405,530) | 83,365 | 763,339 | (220,351) | 542,988 | (1,990,758) | (323,533) | (2,314,291) | 223,088 | (223,088) | 0 | 148,221 | (148,221) | 0 | 205,359 | (205,359) | 0 | 188,889 | (188,889) | 0 | 196,043 | (196,043) | 0 | 216,900 | (216,900) | 0 | (2,057,894) | (272,472) | (2,330,366) | 1,814,878 | (225,039) | 1,589,839 | 1,705,001 | (307,546) | 1,397,455 | 158,670 | (238,244) | (79,574) | (1,158,487) | (368,937) | (1,527,424) | (1,365,858) | (279,192) | (1,645,050) | (6,232,312) | (446,702) | (6,679,014) |
Partners' capital (deficit), Beginning balance at Mar. 31, 2021 | (754,767) | 754,767 | 0 | (898,231) | 898,231 | 0 | (2,448,362) | 2,448,362 | 0 | (224,264) | 224,264 | 0 | 173,404 | (173,404) | 0 | 219,815 | (219,815) | 0 | 841,956 | (313,053) | 528,903 | 133,264 | (133,264) | 0 | 275,140 | (275,140) | 0 | (2,593,761) | (368,267) | (2,962,028) | (883,119) | 883,119 | 0 | 353,529 | (353,529) | 0 | 3,015,649 | (380,008) | 2,635,641 | 3,231,141 | (195,423) | 3,035,718 | (2,016,839) | (323,796) | (2,340,635) | 223,088 | (223,088) | 0 | 148,221 | (148,221) | 0 | 205,359 | (205,359) | 0 | 188,889 | (188,889) | 0 | 196,043 | (196,043) | 0 | 216,900 | (216,900) | 0 | (2,009,681) | (271,985) | (2,281,666) | 2,500,317 | (218,115) | 2,282,202 | 306,854 | (306,854) | 0 | 676,442 | (233,014) | 443,428 | (1,079,247) | (368,136) | (1,447,383) | (1,448,620) | (280,028) | (1,728,648) | (1,450,880) | (383,588) | (1,834,468) |
Net income (loss) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (8,349) | (84) | (8,433) | 0 | 0 | 0 | 0 | (8,526) | (86) | (8,612) | 0 | 0 | (8,109) | (82) | (8,191) | (6,191) | (63) | (6,254) | (9,691) | (98) | (9,789) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (24,769) | (250) | (25,019) | (4,612) | (47) | (4,659) | 0 | (17,404) | (176) | (17,580) | 170,032 | 1,718 | 171,750 | 235,040 | 2,374 | 237,414 | 317,421 | 3,206 | 320,627 | ||||||||||
Partners' capital (deficit), Ending balance at Jun. 30, 2021 | $ (754,767) | $ 754,767 | $ 0 | $ (898,231) | $ 898,231 | $ 0 | $ (2,448,362) | $ 2,448,362 | $ 0 | $ (224,264) | $ 224,264 | $ 0 | $ 173,404 | $ (173,404) | $ 0 | $ 219,815 | $ (219,815) | $ 0 | $ 833,607 | $ (313,137) | $ 520,470 | $ 133,264 | $ (133,264) | $ 0 | $ 275,140 | $ (275,140) | $ 0 | $ (2,602,287) | $ (368,353) | $ (2,970,640) | $ (883,119) | $ 883,119 | $ 0 | $ 353,529 | $ (353,529) | $ 0 | $ 3,007,540 | $ (380,090) | $ 2,627,450 | $ 3,224,950 | $ (195,486) | $ 3,029,464 | $ (2,026,530) | $ (323,894) | $ (2,350,424) | $ 223,088 | $ (223,088) | $ 0 | $ 148,221 | $ (148,221) | $ 0 | $ 205,359 | $ (205,359) | $ 0 | $ 188,889 | $ (188,889) | $ 0 | $ 196,043 | $ (196,043) | $ 0 | $ 216,900 | $ (216,900) | $ 0 | $ (2,034,450) | $ (272,235) | $ (2,306,685) | $ 2,495,705 | $ (218,162) | $ 2,277,543 | $ 306,854 | $ (306,854) | $ 0 | $ 659,038 | $ (233,190) | $ 425,848 | $ (909,215) | $ (366,418) | $ (1,275,633) | $ (1,213,580) | $ (277,654) | $ (1,491,234) | $ (1,133,459) | $ (380,382) | $ (1,513,841) |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 320,627 | $ (191,394) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | (484,126) | (87,000) |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 581 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | (27) | (6,500) |
(Decrease) Increase in accounts payable affiliates | (771,613) | (332,735) |
Net cash Provided by (used in) operating activities | (934,558) | (617,629) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 484,126 | 87,000 |
Net cash provided by investing activities | 484,126 | 87,000 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (450,432) | (530,629) |
Cash and cash equivalents, beginning | 10,819,585 | 6,622,109 |
Cash and cash equivalents, ending | 10,369,153 | 6,091,480 |
Series Twenty [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty One [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty Two [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty Three [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty Four [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty Five [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty Six [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (8,433) | (15,665) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 25 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | |
(Decrease) Increase in accounts payable affiliates | 2,199 | 0 |
Net cash Provided by (used in) operating activities | (6,209) | (15,665) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (6,209) | (15,665) |
Cash and cash equivalents, beginning | 531,027 | 576,004 |
Cash and cash equivalents, ending | 524,818 | 560,339 |
Series Twenty Seven [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty Eight [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Twenty Nine [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (8,612) | (7,081) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | (9,500) |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 49 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 3,618 | 6,854 |
Net cash Provided by (used in) operating activities | (4,945) | (9,727) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 9,500 |
Net cash provided by investing activities | 0 | 9,500 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (4,945) | (227) |
Cash and cash equivalents, beginning | 164,236 | 157,446 |
Cash and cash equivalents, ending | 159,291 | 157,219 |
Series Thirty [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Thirty One [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Thirty Two [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (8,191) | (26,327) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 25 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 2,455 | 15,132 |
Net cash Provided by (used in) operating activities | (5,711) | (11,195) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (5,711) | (11,195) |
Cash and cash equivalents, beginning | 2,640,414 | 193,203 |
Cash and cash equivalents, ending | 2,634,703 | 182,008 |
Series Thirty Three [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (6,254) | (18,953) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 25 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 2,600 | 0 |
Net cash Provided by (used in) operating activities | (3,629) | (18,953) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (3,629) | (18,953) |
Cash and cash equivalents, beginning | 3,040,636 | 561,941 |
Cash and cash equivalents, ending | 3,037,007 | 542,988 |
Series Thirty Four [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (9,789) | (16,961) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 25 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 4,623 | 6,727 |
Net cash Provided by (used in) operating activities | (5,141) | (10,234) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (5,141) | (10,234) |
Cash and cash equivalents, beginning | 129,067 | 148,344 |
Cash and cash equivalents, ending | 123,926 | 138,110 |
Series Thirty Five [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Thirty Six [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Thirty Seven [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | |
Series Thirty Eight [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Thirty Nine [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Forty [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Series Forty One [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (25,019) | (34,776) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 343 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | (1) | 0 |
(Decrease) Increase in accounts payable affiliates | (13,506) | 28,521 |
Net cash Provided by (used in) operating activities | (38,183) | (6,255) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (38,183) | (6,255) |
Cash and cash equivalents, beginning | 408,743 | 352,239 |
Cash and cash equivalents, ending | 370,560 | 345,984 |
Series Forty Two [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (4,659) | (29,100) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | (473) | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 |
(Decrease) Increase in accounts payable affiliates | 4,050 | 0 |
Net cash Provided by (used in) operating activities | (1,082) | (29,100) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1,082) | (29,100) |
Cash and cash equivalents, beginning | 2,318,856 | 1,607,893 |
Cash and cash equivalents, ending | 2,317,774 | 1,578,793 |
Series Forty Three [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 0 | (18,836) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | (9,000) |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 0 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 3,000 |
(Decrease) Increase in accounts payable affiliates | 0 | 0 |
Net cash Provided by (used in) operating activities | 0 | (24,836) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 9,000 |
Net cash provided by investing activities | 0 | 9,000 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (15,836) |
Cash and cash equivalents, beginning | 0 | 1,416,291 |
Cash and cash equivalents, ending | 0 | 1,400,455 |
Series Forty Four [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | (17,580) | (34,596) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | 0 | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 106 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | (26) | (4,000) |
(Decrease) Increase in accounts payable affiliates | (387,090) | 30,315 |
Net cash Provided by (used in) operating activities | (404,590) | (8,281) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (404,590) | (8,281) |
Cash and cash equivalents, beginning | 842,738 | 321,693 |
Cash and cash equivalents, ending | 438,148 | 313,412 |
Series Forty Five [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 171,750 | (22,959) |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | (211,140) | 0 |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 232 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | (12,000) |
(Decrease) Increase in accounts payable affiliates | (162,252) | (468,773) |
Net cash Provided by (used in) operating activities | (201,410) | (503,732) |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 211,140 | 0 |
Net cash provided by investing activities | 211,140 | 0 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 9,730 | (503,732) |
Cash and cash equivalents, beginning | 294,663 | 859,371 |
Cash and cash equivalents, ending | 304,393 | 355,639 |
Series Forty Six [Member] | ||
Cash flows from operating activities: | ||
Net income (loss) | 237,414 | 33,860 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||
Gain on disposition of Operating Partnerships | (272,986) | (68,500) |
Changes in assets and liabilities | ||
(Increase) Decrease in other assets | 224 | 0 |
(Decrease) Increase in accounts payable and accrued expenses | 0 | 6,500 |
(Decrease) Increase in accounts payable affiliates | (228,310) | 48,489 |
Net cash Provided by (used in) operating activities | (263,658) | 20,349 |
Cash flows from investing activities: | ||
Proceeds from the disposition of Operating Partnerships | 272,986 | 68,500 |
Net cash provided by investing activities | 272,986 | 68,500 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 9,328 | 88,849 |
Cash and cash equivalents, beginning | 449,205 | 427,684 |
Cash and cash equivalents, ending | $ 458,533 | $ 516,533 |
ORGANIZATION
ORGANIZATION | 3 Months Ended |
Jun. 30, 2021 | |
ORGANIZATION | |
ORGANIZATION | NOTE A – ORGANIZATION BF Garden Tax Credit Fund IV L.P. (formerly known as 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 December 15, 2020, Corporate Investment Holdings, Inc., a Massachusetts corporation owned by BF Garden Companion Limited Partnership, a Massachusetts limited partnership formerly known as Boston Capital Companion Limited Partnership (“Companion”), replaced BCA Associates Limited Partnership as the general partner of the Fund’s general partner, BF Garden Associates IV L.P., a Delaware limited partnership formerly known as Boston Capital Associates IV L.P. Additionally, Companion replaced Capital Investment Holdings IV Limited Partnership as the sole limited partner of the Fund’s general partner. Also effective as of December 15, 2020, BFBC Holdings GP, LLC, a Delaware limited liability company and an affiliate of Boston Financial Investment Management, LP, a Delaware limited partnership (“BFIM”), replaced Boston Capital Partners II Corporation as the general partner of Companion; and BFIM replaced Boston Capital Companion Holdings Limited Partnership as the sole limited partner of Companion. The assignor limited partner of the Fund continues to be BCTC IV Assignor Corp., a Delaware corporation which is now wholly owned by Companion. 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. NOTE A – ORGANIZATION (continued) Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing: Series Closing Date BACs Sold Equity Raised Series 20 June 24, 1994 3,866,700 $ 38,667,000 Series 21 December 31, 1994 1,892,700 $ 18,927,000 Series 22 December 28, 1994 2,564,400 $ 25,644,000 Series 23 June 23, 1995 3,336,727 $ 33,366,000 Series 24 September 22, 1995 2,169,878 $ 21,697,000 Series 25 December 29, 1995 3,026,109 $ 30,248,000 Series 26 June 25, 1996 3,995,900 $ 39,959,000 Series 27 September 17, 1996 2,460,700 $ 24,607,000 Series 28 January 29, 1997 4,000,738 $ 39,999,000 Series 29 June 10, 1997 3,991,800 $ 39,918,000 Series 30 September 10, 1997 2,651,000 $ 26,490,750 Series 31 January 18, 1998 4,417,857 $ 44,057,750 Series 32 June 23, 1998 4,754,198 $ 47,431,000 Series 33 September 21, 1998 2,636,533 $ 26,362,000 Series 34 February 11, 1999 3,529,319 $ 35,273,000 Series 35 June 28, 1999 3,300,463 $ 33,004,630 Series 36 September 28, 1999 2,106,838 $ 21,068,375 Series 37 January 28, 2000 2,512,500 $ 25,125,000 Series 38 July 31, 2000 2,543,100 $ 25,431,000 Series 39 January 31, 2001 2,292,151 $ 22,921,000 Series 40 July 31, 2001 2,630,256 $ 26,269,256 Series 41 January 31, 2002 2,891,626 $ 28,916,260 Series 42 July 31, 2002 2,744,262 $ 27,442,620 Series 43 December 31, 2002 3,637,987 $ 36,379,870 Series 44 April 30, 2003 2,701,973 $ 27,019,730 Series 45 September 16, 2003 4,014,367 $ 40,143,670 Series 46 December 19, 2003 2,980,998 $ 29,809,980 The Fund concluded its public offering of BACs in the Fund on December 19, 2003. |
ACCOUNTING AND FINANCIAL REPORT
ACCOUNTING AND FINANCIAL REPORTING POLICIES | 3 Months Ended |
Jun. 30, 2021 | |
ACCOUNTING AND FINANCIAL REPORTING POLICIES | |
ACCOUNTING AND FINANCIAL REPORTING POLICIES | NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES The condensed financial statements herein as of June 30, 2021 and for the three months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership’s results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account. The Fund’s accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Jun. 30, 2021 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | NOTE C - RELATED PARTY TRANSACTIONS The Fund originally incurred a fund management fee to Boston Capital Asset Management Limited Partnership, an affiliate of the general partner, prior to the sale as disclosed in Note A. As part of the sale disclosed in Note A, the fund management fee is now assigned BF Garden Companion Limited Partnership, a Massachusetts limited partnership formerly known as Boston Capital Companion Limited Partnership (“Companion”) and an affiliate of the general partner, in an annual fund management fee of percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships. The obligation that had been accrued to Boston Capital Asset Management Limited Partnership was transferred to Companion as disclosed in Note A. Since reporting fees collected by the various series were added to reserves and not paid, the amounts accrued are not net of reporting fees received. 2021 2020 Series 26 $ 2,199 $ 4,282 Series 29 3,618 6,854 Series 32 2,455 15,132 Series 33 2,600 9,777 Series 34 4,623 6,727 Series 41 20,094 28,521 Series 42 4,050 19,259 Series 43 — 21,348 Series 44 12,399 30,315 Series 45 28,713 38,900 Series 46 44,676 48,489 $ 125,427 $ 229,604 The fund management fees paid for the three months ended June 30, 2021 and 2020 are as follows: 2021 2020 Series 26 $ — $ 4,282 Series 33 — 9,777 Series 41 33,600 — Series 42 — 19,259 Series 43 — 21,348 Series 44 399,489 — Series 45 190,965 507,673 Series 46 272,986 — $ 897,040 $ 562,339 |
INVESTMENTS IN OPERATING PARTNE
INVESTMENTS IN OPERATING PARTNERSHIPS | 3 Months Ended |
Jun. 30, 2021 | |
INVESTMENTS IN OPERATING PARTNERSHIPS | |
INVESTMENTS IN OPERATING PARTNERSHIPS | NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS At June 30, 2021 and 2020, the Fund has limited partnership interests in 29 and 65 Operating Partnerships, respectively, which own or are constructing apartment complexes. The breakdown of Operating Partnerships within the Fund at June 30, 2021 and 2020 are as follows: 2021 2020 Series 20 — — Series 21 — — Series 22 — — Series 23 — — Series 24 — — Series 25 — — Series 26 1 3 Series 27 — — Series 28 — — Series 29 2 4 Series 30 — — Series 31 — — Series 32 1 3 Series 33 1 2 Series 34 1 2 Series 35 — — Series 36 — — Series 37 — — Series 38 — — Series 39 — — Series 40 — — Series 41 2 8 Series 42 2 6 Series 43 — 10 Series 44 2 3 Series 45 8 13 Series 46 9 11 29 65 Under the terms of the Fund’s investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at June 30, 2021 and 2020, are as follows: 2021 2020 Series 29 $ 785 $ 785 Series 42 — 254 $ 785 $ 1,039 NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) During the three months ended June 30, 2021 the Fund disposed of four Operating Partnerships. A summary of the dispositions by Series for June 30, 2021 is as follows: Operating Sale of Partnership Underlying Fund Proceeds Interest Operating from Gain (loss) on Transferred Partnership Disposition Disposition Series 45 3 — $ 211,140 $ 211,140 Series 46 1 — 272,986 272,986 Total 4 — $ 484,126 $ 484,126 During the three months ended June 30, 2020 the Fund disposed of three Operating Partnerships. A summary of the dispositions by Series for June 30, 2020 is as follows: Operating Sale of Partnership Underlying Fund Proceeds Interest Operating from Gain on Transferred Partnership Disposition Disposition Series 29 1 – $ 9,500 $ 9,500 Series 43 1 – 9,000 9,000 Series 46 1 – 68,500 68,500 Total 3 – $ 87,000 $ 87,000 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) The Fund’s fiscal year ends March 31st for each year, while all the Operating Partnerships’ fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership’s quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2021. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) 2021 2020 Revenues Rental $ 3,418,577 $ 6,174,994 Interest and other 67,262 141,707 3,485,839 6,316,701 Expenses Interest 635,919 1,056,994 Depreciation and amortization 691,976 1,393,692 Operating expenses 2,203,776 4,321,460 3,531,671 6,772,146 NET INCOME (LOSS) $ (45,832) $ (455,445) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (45,374) $ (450,891) Net income (loss) allocated to other Partners $ (458) $ (4,554) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 20 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 21 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 22 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 23 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 24 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 25 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 26 2021 2020 Revenues Rental $ 44,297 $ 108,570 Interest and other 215 1,225 44,512 109,795 Expenses Interest 12,798 13,666 Depreciation and amortization 10,901 27,578 Operating expenses 35,830 111,496 59,529 152,740 NET INCOME (LOSS) $ (15,017) $ (42,945) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (14,867) $ (42,516) Net income (loss) allocated to other Partners $ (150) $ (429) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 27 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 28 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 29 2021 2020 Revenues Rental $ 136,253 $ 208,972 Interest and other 592 6,445 136,845 215,417 Expenses Interest 21,193 33,626 Depreciation and amortization 21,958 37,182 Operating expenses 122,238 184,989 165,389 255,797 NET INCOME (LOSS) $ (28,544) $ (40,380) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (28,259) $ (39,976) Net income (loss) allocated to other Partners $ (285) $ (404) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 30 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 31 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 32 2021 2020 Revenues Rental $ 43,182 $ 292,621 Interest and other 893 4,873 44,075 297,494 Expenses Interest 11,759 44,187 Depreciation and amortization 12,916 87,094 Operating expenses 31,049 250,700 55,724 381,981 NET INCOME (LOSS) $ (11,649) $ (84,487) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (11,532) $ (83,642) Net income (loss) allocated to other Partners $ (117) $ (845) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 33 2021 2020 Revenues Rental $ 57,341 $ 224,455 Interest and other 3,137 7,915 60,478 232,370 Expenses Interest 13,233 37,328 Depreciation and amortization 11,767 48,034 Operating expenses 45,261 172,781 70,261 258,143 NET INCOME (LOSS) $ (9,783) $ (25,773) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (9,685) $ (25,515) Net income (loss) allocated to other Partners $ (98) $ (258) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 34 2021 2020 Revenues Rental $ 142,910 $ 163,362 Interest and other 5,560 5,670 148,470 169,032 Expenses Interest 21,676 24,983 Depreciation and amortization 21,319 38,249 Operating expenses 90,710 140,447 133,705 203,679 NET INCOME (LOSS) $ 14,765 $ (34,647) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ 14,617 $ (34,301) Net income (loss) allocated to other Partners $ 148 $ (346) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 35 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 36 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 37 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 38 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 39 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 40 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 41 2021 2020 Revenues Rental $ 611,601 $ 804,868 Interest and other 10,421 20,306 622,022 825,174 Expenses Interest 111,343 142,009 Depreciation and amortization 95,199 153,428 Operating expenses 388,026 536,406 594,568 831,843 NET INCOME (LOSS) $ 27,454 $ (6,669) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ 27,179 $ (6,602) Net income (loss) allocated to other Partners $ 275 $ (67) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 42 2021 2020 Revenues Rental $ 119,749 $ 482,450 Interest and other 2,023 22,177 121,772 504,627 Expenses Interest 18,132 93,920 Depreciation and amortization 29,547 122,288 Operating expenses 77,360 390,678 125,039 606,886 NET INCOME (LOSS) $ (3,267) $ (102,259) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (3,234) $ (101,236) Net income (loss) allocated to other Partners $ (33) $ (1,023) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 43 2021 2020 Revenues Rental $ — $ 625,563 Interest and other — 16,770 — 642,333 Expenses Interest — 51,066 Depreciation and amortization — 169,541 Operating expenses — 510,237 — 730,844 NET INCOME (LOSS) $ — $ (88,511) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (87,626) Net income (loss) allocated to other Partners $ — $ (885) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 44 2021 2020 Revenues Rental $ 379,351 $ 908,953 Interest and other 4,604 10,255 383,955 919,208 Expenses Interest 81,617 217,657 Depreciation and amortization 78,103 169,809 Operating expenses 183,341 393,371 343,061 780,837 NET INCOME (LOSS) $ 40,894 $ 138,371 Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ 40,485 $ 136,987 Net income (loss) allocated to other Partners $ 409 $ 1,384 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 45 2021 2020 Revenues Rental $ 791,250 $ 1,154,815 Interest and other 9,654 19,363 800,904 1,174,178 Expenses Interest 116,210 165,201 Depreciation and amortization 192,641 277,464 Operating expenses 568,111 880,025 876,962 1,322,690 NET INCOME (LOSS) $ (76,058) $ (148,512) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (75,297) $ (147,027) Net income (loss) allocated to other Partners $ (761) $ (1,485) 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. |
TAXABLE LOSS
TAXABLE LOSS | 3 Months Ended |
Jun. 30, 2021 | |
TAXABLE LOSS | |
TAXABLE LOSS | NOTE E - TAXABLE LOSS The Fund’s taxable loss is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods. |
INCOME TAXES
INCOME TAXES | 3 Months Ended |
Jun. 30, 2021 | |
INCOME TAXES | |
INCOME TAXES | 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 2016 remain open. |
CONTINGENCY
CONTINGENCY | 3 Months Ended |
Jun. 30, 2021 | |
CONTINGENCY | |
CONTINGENCY | NOTE G – CONTINGENCY The spread of a novel strain of coronavirus (COVID-19) has caused significant business disruptions in the United States beginning February 2020. The economic impact of the business disruptions caused by COVID-19 is uncertain. The extent of any effects these disruptions may have on the operations and financial performance of the Partnership will depend on future developments, including possible impacts on the operations of the underlying real estate of its investments, which cannot be determined. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Jun. 30, 2021 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE H - 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. The COVID-19 pandemic as describe in Note G continues to be widespread globally and domestically in the United States. The Fund is not able to estimate the length or severity of the pandemic and its related financial impact to the Fund, if any. |
ORGANIZATION (Tables)
ORGANIZATION (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
ORGANIZATION | |
Schedule of BACs sold and total equity | Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing: Series Closing Date BACs Sold Equity Raised Series 20 June 24, 1994 3,866,700 $ 38,667,000 Series 21 December 31, 1994 1,892,700 $ 18,927,000 Series 22 December 28, 1994 2,564,400 $ 25,644,000 Series 23 June 23, 1995 3,336,727 $ 33,366,000 Series 24 September 22, 1995 2,169,878 $ 21,697,000 Series 25 December 29, 1995 3,026,109 $ 30,248,000 Series 26 June 25, 1996 3,995,900 $ 39,959,000 Series 27 September 17, 1996 2,460,700 $ 24,607,000 Series 28 January 29, 1997 4,000,738 $ 39,999,000 Series 29 June 10, 1997 3,991,800 $ 39,918,000 Series 30 September 10, 1997 2,651,000 $ 26,490,750 Series 31 January 18, 1998 4,417,857 $ 44,057,750 Series 32 June 23, 1998 4,754,198 $ 47,431,000 Series 33 September 21, 1998 2,636,533 $ 26,362,000 Series 34 February 11, 1999 3,529,319 $ 35,273,000 Series 35 June 28, 1999 3,300,463 $ 33,004,630 Series 36 September 28, 1999 2,106,838 $ 21,068,375 Series 37 January 28, 2000 2,512,500 $ 25,125,000 Series 38 July 31, 2000 2,543,100 $ 25,431,000 Series 39 January 31, 2001 2,292,151 $ 22,921,000 Series 40 July 31, 2001 2,630,256 $ 26,269,256 Series 41 January 31, 2002 2,891,626 $ 28,916,260 Series 42 July 31, 2002 2,744,262 $ 27,442,620 Series 43 December 31, 2002 3,637,987 $ 36,379,870 Series 44 April 30, 2003 2,701,973 $ 27,019,730 Series 45 September 16, 2003 4,014,367 $ 40,143,670 Series 46 December 19, 2003 2,980,998 $ 29,809,980 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
RELATED PARTY TRANSACTIONS | |
Schedule of fund management fees accrued | The fund management fees accrued for the quarters ended June 30, 2021 and 2020, are as follows: 2021 2020 Series 26 $ 2,199 $ 4,282 Series 29 3,618 6,854 Series 32 2,455 15,132 Series 33 2,600 9,777 Series 34 4,623 6,727 Series 41 20,094 28,521 Series 42 4,050 19,259 Series 43 — 21,348 Series 44 12,399 30,315 Series 45 28,713 38,900 Series 46 44,676 48,489 $ 125,427 $ 229,604 |
Schedule of management fees paid | The fund management fees paid for the three months ended June 30, 2021 and 2020 are as follows: 2021 2020 Series 26 $ — $ 4,282 Series 33 — 9,777 Series 41 33,600 — Series 42 — 19,259 Series 43 — 21,348 Series 44 399,489 — Series 45 190,965 507,673 Series 46 272,986 — $ 897,040 $ 562,339 |
INVESTMENTS IN OPERATING PART_2
INVESTMENTS IN OPERATING PARTNERSHIPS (Tables) | 3 Months Ended |
Jun. 30, 2021 | |
INVESTMENTS IN OPERATING PARTNERSHIPS | |
Schedule of operating partnerships within the fund | The breakdown of Operating Partnerships within the Fund at June 30, 2021 and 2020 are as follows: 2021 2020 Series 20 — — Series 21 — — Series 22 — — Series 23 — — Series 24 — — Series 25 — — Series 26 1 3 Series 27 — — Series 28 — — Series 29 2 4 Series 30 — — Series 31 — — Series 32 1 3 Series 33 1 2 Series 34 1 2 Series 35 — — Series 36 — — Series 37 — — Series 38 — — Series 39 — — Series 40 — — Series 41 2 8 Series 42 2 6 Series 43 — 10 Series 44 2 3 Series 45 8 13 Series 46 9 11 29 65 |
Schedule of contributions payable | The contributions payable at June 30, 2021 and 2020, are as follows: 2021 2020 Series 29 $ 785 $ 785 Series 42 — 254 $ 785 $ 1,039 |
Schedule of dispositions by series | During the three months ended June 30, 2021 the Fund disposed of four Operating Partnerships. A summary of the dispositions by Series for June 30, 2021 is as follows: Operating Sale of Partnership Underlying Fund Proceeds Interest Operating from Gain (loss) on Transferred Partnership Disposition Disposition Series 45 3 — $ 211,140 $ 211,140 Series 46 1 — 272,986 272,986 Total 4 — $ 484,126 $ 484,126 During the three months ended June 30, 2020 the Fund disposed of three Operating Partnerships. A summary of the dispositions by Series for June 30, 2020 is as follows: Operating Sale of Partnership Underlying Fund Proceeds Interest Operating from Gain on Transferred Partnership Disposition Disposition Series 29 1 – $ 9,500 $ 9,500 Series 43 1 – 9,000 9,000 Series 46 1 – 68,500 68,500 Total 3 – $ 87,000 $ 87,000 |
Schedule of summarized statement of operations in operating partnerships. | The Fund’s fiscal year ends March 31st for each year, while all the Operating Partnerships’ fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership’s quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2021. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) 2021 2020 Revenues Rental $ 3,418,577 $ 6,174,994 Interest and other 67,262 141,707 3,485,839 6,316,701 Expenses Interest 635,919 1,056,994 Depreciation and amortization 691,976 1,393,692 Operating expenses 2,203,776 4,321,460 3,531,671 6,772,146 NET INCOME (LOSS) $ (45,832) $ (455,445) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (45,374) $ (450,891) Net income (loss) allocated to other Partners $ (458) $ (4,554) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 20 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 21 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 22 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 23 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 24 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 25 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 26 2021 2020 Revenues Rental $ 44,297 $ 108,570 Interest and other 215 1,225 44,512 109,795 Expenses Interest 12,798 13,666 Depreciation and amortization 10,901 27,578 Operating expenses 35,830 111,496 59,529 152,740 NET INCOME (LOSS) $ (15,017) $ (42,945) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (14,867) $ (42,516) Net income (loss) allocated to other Partners $ (150) $ (429) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 27 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 28 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 29 2021 2020 Revenues Rental $ 136,253 $ 208,972 Interest and other 592 6,445 136,845 215,417 Expenses Interest 21,193 33,626 Depreciation and amortization 21,958 37,182 Operating expenses 122,238 184,989 165,389 255,797 NET INCOME (LOSS) $ (28,544) $ (40,380) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (28,259) $ (39,976) Net income (loss) allocated to other Partners $ (285) $ (404) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 30 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 31 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 32 2021 2020 Revenues Rental $ 43,182 $ 292,621 Interest and other 893 4,873 44,075 297,494 Expenses Interest 11,759 44,187 Depreciation and amortization 12,916 87,094 Operating expenses 31,049 250,700 55,724 381,981 NET INCOME (LOSS) $ (11,649) $ (84,487) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (11,532) $ (83,642) Net income (loss) allocated to other Partners $ (117) $ (845) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 33 2021 2020 Revenues Rental $ 57,341 $ 224,455 Interest and other 3,137 7,915 60,478 232,370 Expenses Interest 13,233 37,328 Depreciation and amortization 11,767 48,034 Operating expenses 45,261 172,781 70,261 258,143 NET INCOME (LOSS) $ (9,783) $ (25,773) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (9,685) $ (25,515) Net income (loss) allocated to other Partners $ (98) $ (258) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 34 2021 2020 Revenues Rental $ 142,910 $ 163,362 Interest and other 5,560 5,670 148,470 169,032 Expenses Interest 21,676 24,983 Depreciation and amortization 21,319 38,249 Operating expenses 90,710 140,447 133,705 203,679 NET INCOME (LOSS) $ 14,765 $ (34,647) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ 14,617 $ (34,301) Net income (loss) allocated to other Partners $ 148 $ (346) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 35 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 36 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 37 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 38 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 39 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 40 2021 2020 Revenues Rental $ — $ — Interest and other — — — — Expenses Interest — — Depreciation and amortization — — Operating expenses — — — — NET INCOME (LOSS) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — Net income (loss) allocated to other Partners $ — $ — 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 41 2021 2020 Revenues Rental $ 611,601 $ 804,868 Interest and other 10,421 20,306 622,022 825,174 Expenses Interest 111,343 142,009 Depreciation and amortization 95,199 153,428 Operating expenses 388,026 536,406 594,568 831,843 NET INCOME (LOSS) $ 27,454 $ (6,669) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ 27,179 $ (6,602) Net income (loss) allocated to other Partners $ 275 $ (67) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 42 2021 2020 Revenues Rental $ 119,749 $ 482,450 Interest and other 2,023 22,177 121,772 504,627 Expenses Interest 18,132 93,920 Depreciation and amortization 29,547 122,288 Operating expenses 77,360 390,678 125,039 606,886 NET INCOME (LOSS) $ (3,267) $ (102,259) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (3,234) $ (101,236) Net income (loss) allocated to other Partners $ (33) $ (1,023) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 43 2021 2020 Revenues Rental $ — $ 625,563 Interest and other — 16,770 — 642,333 Expenses Interest — 51,066 Depreciation and amortization — 169,541 Operating expenses — 510,237 — 730,844 NET INCOME (LOSS) $ — $ (88,511) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (87,626) Net income (loss) allocated to other Partners $ — $ (885) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 44 2021 2020 Revenues Rental $ 379,351 $ 908,953 Interest and other 4,604 10,255 383,955 919,208 Expenses Interest 81,617 217,657 Depreciation and amortization 78,103 169,809 Operating expenses 183,341 393,371 343,061 780,837 NET INCOME (LOSS) $ 40,894 $ 138,371 Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ 40,485 $ 136,987 Net income (loss) allocated to other Partners $ 409 $ 1,384 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 45 2021 2020 Revenues Rental $ 791,250 $ 1,154,815 Interest and other 9,654 19,363 800,904 1,174,178 Expenses Interest 116,210 165,201 Depreciation and amortization 192,641 277,464 Operating expenses 568,111 880,025 876,962 1,322,690 NET INCOME (LOSS) $ (76,058) $ (148,512) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (75,297) $ (147,027) Net income (loss) allocated to other Partners $ (761) $ (1,485) 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. NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued) COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Three Months Ended March 31, (Unaudited) Series 46 2021 2020 Revenues Rental $ 1,092,643 $ 1,200,365 Interest and other 30,163 26,708 1,122,806 1,227,073 Expenses Interest 227,958 233,351 Depreciation and amortization 217,625 263,025 Operating expenses 661,850 750,330 1,107,433 1,246,706 NET INCOME (LOSS) $ 15,373 $ (19,633) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ 15,219 $ (19,437) Net income (loss) allocated to other Partners $ 154 $ (196) 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. |
ORGANIZATION - BACs sold and to
ORGANIZATION - BACs sold and total equity (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Mar. 31, 2021 | |
Capital Unit | ||
BACs Sold | 83,651,080 | 83,651,080 |
Series Twenty [Member] | ||
Capital Unit | ||
Closing Date | Jun. 24, 1994 | |
BACs Sold | 3,866,700 | 3,866,700 |
Equity Raised | $ 38,667,000 | |
Series Twenty One [Member] | ||
Capital Unit | ||
Closing Date | Dec. 31, 1994 | |
BACs Sold | 1,892,700 | 1,892,700 |
Equity Raised | $ 18,927,000 | |
Series Twenty Two [Member] | ||
Capital Unit | ||
Closing Date | Dec. 28, 1994 | |
BACs Sold | 2,564,400 | 2,564,400 |
Equity Raised | $ 25,644,000 | |
Series Twenty Three [Member] | ||
Capital Unit | ||
Closing Date | Jun. 23, 1995 | |
BACs Sold | 3,336,727 | 3,336,727 |
Equity Raised | $ 33,366,000 | |
Series Twenty Four [Member] | ||
Capital Unit | ||
Closing Date | Sep. 22, 1995 | |
BACs Sold | 2,169,878 | 2,169,878 |
Equity Raised | $ 21,697,000 | |
Series Twenty Five [Member] | ||
Capital Unit | ||
Closing Date | Dec. 29, 1995 | |
BACs Sold | 3,026,109 | 3,026,109 |
Equity Raised | $ 30,248,000 | |
Series Twenty Six [Member] | ||
Capital Unit | ||
Closing Date | Jun. 25, 1996 | |
BACs Sold | 3,995,900 | 3,995,900 |
Equity Raised | $ 39,959,000 | |
Series Twenty Seven [Member] | ||
Capital Unit | ||
Closing Date | Sep. 17, 1996 | |
BACs Sold | 2,460,700 | 2,460,700 |
Equity Raised | $ 24,607,000 | |
Series Twenty Eight [Member] | ||
Capital Unit | ||
Closing Date | Jan. 29, 1997 | |
BACs Sold | 4,000,738 | 4,000,738 |
Equity Raised | $ 39,999,000 | |
Series Twenty Nine [Member] | ||
Capital Unit | ||
Closing Date | Jun. 10, 1997 | |
BACs Sold | 3,991,800 | 3,991,800 |
Equity Raised | $ 39,918,000 | |
Series Thirty [Member] | ||
Capital Unit | ||
Closing Date | Sep. 10, 1997 | |
BACs Sold | 2,651,000 | 2,651,000 |
Equity Raised | $ 26,490,750 | |
Series Thirty One [Member] | ||
Capital Unit | ||
Closing Date | Jan. 18, 1998 | |
BACs Sold | 4,417,857 | 4,417,857 |
Equity Raised | $ 44,057,750 | |
Series Thirty Two [Member] | ||
Capital Unit | ||
Closing Date | Jun. 23, 1998 | |
BACs Sold | 4,754,198 | 4,754,198 |
Equity Raised | $ 47,431,000 | |
Series Thirty Three [Member] | ||
Capital Unit | ||
Closing Date | Sep. 21, 1998 | |
BACs Sold | 2,636,533 | 2,636,533 |
Equity Raised | $ 26,362,000 | |
Series Thirty Four [Member] | ||
Capital Unit | ||
Closing Date | Feb. 11, 1999 | |
BACs Sold | 3,529,319 | 3,529,319 |
Equity Raised | $ 35,273,000 | |
Series Thirty Five [Member] | ||
Capital Unit | ||
Closing Date | Jun. 28, 1999 | |
BACs Sold | 3,300,463 | 3,300,463 |
Equity Raised | $ 33,004,630 | |
Series Thirty Six [Member] | ||
Capital Unit | ||
Closing Date | Sep. 28, 1999 | |
BACs Sold | 2,106,838 | 2,106,838 |
Equity Raised | $ 21,068,375 | |
Series Thirty Seven [Member] | ||
Capital Unit | ||
Closing Date | Jan. 28, 2000 | |
BACs Sold | 2,512,500 | 2,512,500 |
Equity Raised | $ 25,125,000 | |
Series Thirty Eight [Member] | ||
Capital Unit | ||
Closing Date | Jul. 31, 2000 | |
BACs Sold | 2,543,100 | 2,543,100 |
Equity Raised | $ 25,431,000 | |
Series Thirty Nine [Member] | ||
Capital Unit | ||
Closing Date | Jan. 31, 2001 | |
BACs Sold | 2,292,151 | 2,292,151 |
Equity Raised | $ 22,921,000 | |
Series Forty [Member] | ||
Capital Unit | ||
Closing Date | Jul. 31, 2001 | |
BACs Sold | 2,630,256 | 2,630,256 |
Equity Raised | $ 26,269,256 | |
Series Forty One [Member] | ||
Capital Unit | ||
Closing Date | Jan. 31, 2002 | |
BACs Sold | 2,891,626 | 2,891,626 |
Equity Raised | $ 28,916,260 | |
Series Forty Two [Member] | ||
Capital Unit | ||
Closing Date | Jul. 31, 2002 | |
BACs Sold | 2,744,262 | 2,744,262 |
Equity Raised | $ 27,442,620 | |
Series Forty Three [Member] | ||
Capital Unit | ||
Closing Date | Dec. 31, 2002 | |
BACs Sold | 3,637,987 | 3,637,987 |
Equity Raised | $ 36,379,870 | |
Series Forty Four [Member] | ||
Capital Unit | ||
Closing Date | Apr. 30, 2003 | |
BACs Sold | 2,701,973 | 2,701,973 |
Equity Raised | $ 27,019,730 | |
Series Forty Five [Member] | ||
Capital Unit | ||
Closing Date | Sep. 16, 2003 | |
BACs Sold | 4,014,367 | 4,014,367 |
Equity Raised | $ 40,143,670 | |
Series Forty Six [Member] | ||
Capital Unit | ||
Closing Date | Dec. 19, 2003 | |
BACs Sold | 2,980,998 | 2,980,998 |
Equity Raised | $ 29,809,980 |
ORGANIZATION - Additional Infor
ORGANIZATION - Additional Information (Details) | Jul. 01, 2003item | Jul. 24, 2001item | Jul. 26, 2000item | Aug. 31, 1999item | Apr. 02, 1998item | Apr. 30, 2003item | Jan. 31, 1997item | Dec. 16, 1993USD ($)item |
ORGANIZATION | ||||||||
Units of limited partnership interest, authorized | 30,000,000 | |||||||
Limited Partners Capital Account Per Units | $ | 10 | |||||||
Limited Partners Capital Account Additional Units Registered For Sale | 7,000,000 | 7,000,000 | 7,500,000 | 8,000,000 | 25,000,000 | 7,000,000 | 10,000,000 |
RELATED PARTY TRANSACTIONS - Fu
RELATED PARTY TRANSACTIONS - Fund management fees accrued (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 125,427 | $ 229,604 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 2,199 | 4,282 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 3,618 | 6,854 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 2,455 | 15,132 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 2,600 | 9,777 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 4,623 | 6,727 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 20,094 | 28,521 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 4,050 | 19,259 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 21,348 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 12,399 | 30,315 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 28,713 | 38,900 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 44,676 | $ 48,489 |
RELATED PARTY TRANSACTIONS - _2
RELATED PARTY TRANSACTIONS - Fund management fees paid (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 897,040 | $ 562,339 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 4,282 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 9,777 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 33,600 | 0 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 19,259 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 21,348 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 399,489 | 0 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 190,965 | 507,673 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 272,986 | $ 0 |
RELATED PARTY TRANSACTIONS - Ad
RELATED PARTY TRANSACTIONS - Additional Information (Details) | 3 Months Ended |
Jun. 30, 2021 | |
RELATED PARTY TRANSACTIONS | |
Percentage Of Annual Management Fee | 0.50% |
INVESTMENTS IN OPERATING PART_3
INVESTMENTS IN OPERATING PARTNERSHIPS - Operating Partnerships within the Fund (Details) - item | Jun. 30, 2021 | Jun. 30, 2020 |
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 29 | 65 |
Series Twenty [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty One [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Two [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Three [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Four [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Five [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Six [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 3 |
Series Twenty Seven [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Eight [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Nine [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 4 |
Series Thirty [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty One [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Two [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 3 |
Series Thirty Three [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 2 |
Series Thirty Four [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 2 |
Series Thirty Five [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Six [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Seven [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Eight [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Nine [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Forty [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Forty One [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 8 |
Series Forty Two [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 6 |
Series Forty Three [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 10 |
Series Forty Four [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 3 |
Series Forty Five [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 8 | 13 |
Series Forty Six [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 9 | 11 |
INVESTMENTS IN OPERATING PART_4
INVESTMENTS IN OPERATING PARTNERSHIPS - Contributions payable (Details) - USD ($) | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 |
Contributions Payable | |||
Capital contributions payable | $ 785 | $ 785 | $ 1,039 |
Series Twenty Nine [Member] | |||
Contributions Payable | |||
Capital contributions payable | 785 | 785 | 785 |
Series Forty Two [Member] | |||
Contributions Payable | |||
Capital contributions payable | 0 | 0 | $ 254 |
Series Forty Five [Member] | |||
Contributions Payable | |||
Capital contributions payable | $ 0 | $ 0 |
INVESTMENTS IN OPERATING PART_5
INVESTMENTS IN OPERATING PARTNERSHIPS - Dispositions by series (Details) | 3 Months Ended | |
Jun. 30, 2021USD ($)item | Jun. 30, 2020USD ($)item | |
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 4 | 3 |
Sale of Underlying Operating Partnership | item | 0 | 0 |
Fund Proceeds from Disposition | $ | $ 484,126 | $ 87,000 |
Gain (loss) on Disposition | $ | 484,126 | $ 87,000 |
Series Twenty Nine [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | |
Sale of Underlying Operating Partnership | item | 0 | |
Fund Proceeds from Disposition | $ | 0 | $ 9,500 |
Gain (loss) on Disposition | $ | $ 9,500 | |
Series Forty Three [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | |
Sale of Underlying Operating Partnership | item | 0 | |
Fund Proceeds from Disposition | $ | $ 0 | $ 9,000 |
Gain (loss) on Disposition | $ | 9,000 | |
Series Forty Five [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 3 | |
Sale of Underlying Operating Partnership | item | 0 | |
Fund Proceeds from Disposition | $ | $ 211,140 | $ 0 |
Gain (loss) on Disposition | $ | $ 211,140 | |
Series Forty Six [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | 1 |
Sale of Underlying Operating Partnership | item | 0 | 0 |
Fund Proceeds from Disposition | $ | $ 272,986 | $ 68,500 |
Gain (loss) on Disposition | $ | $ 272,986 | $ 68,500 |
INVESTMENTS IN OPERATING PART_6
INVESTMENTS IN OPERATING PARTNERSHIPS - Current financial results available for the Operating Partnerships (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Revenues | ||
Rental | $ 3,418,577 | $ 6,174,994 |
Interest and other | 67,262 | 141,707 |
Operating Partnerships Revenues | 3,485,839 | 6,316,701 |
Expenses | ||
Interest | 635,919 | 1,056,994 |
Depreciation and amortization | 691,976 | 1,393,692 |
Operating expenses | 2,203,776 | 4,321,460 |
Operating Partnerships Total Expenses | 3,531,671 | 6,772,146 |
NET INCOME (LOSS) | (45,832) | (455,445) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (45,374) | (450,891) |
Net income (loss) allocated to other partners | (458) | (4,554) |
Series Twenty [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty One [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Two [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Three [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Four [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Five [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Six [Member] | ||
Revenues | ||
Rental | 44,297 | 108,570 |
Interest and other | 215 | 1,225 |
Operating Partnerships Revenues | 44,512 | 109,795 |
Expenses | ||
Interest | 12,798 | 13,666 |
Depreciation and amortization | 10,901 | 27,578 |
Operating expenses | 35,830 | 111,496 |
Operating Partnerships Total Expenses | 59,529 | 152,740 |
NET INCOME (LOSS) | (15,017) | (42,945) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (14,867) | (42,516) |
Net income (loss) allocated to other partners | (150) | (429) |
Series Twenty Seven [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Eight [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Nine [Member] | ||
Revenues | ||
Rental | 136,253 | 208,972 |
Interest and other | 592 | 6,445 |
Operating Partnerships Revenues | 136,845 | 215,417 |
Expenses | ||
Interest | 21,193 | 33,626 |
Depreciation and amortization | 21,958 | 37,182 |
Operating expenses | 122,238 | 184,989 |
Operating Partnerships Total Expenses | 165,389 | 255,797 |
NET INCOME (LOSS) | (28,544) | (40,380) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (28,259) | (39,976) |
Net income (loss) allocated to other partners | (285) | (404) |
Series Thirty [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty One [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Two [Member] | ||
Revenues | ||
Rental | 43,182 | 292,621 |
Interest and other | 893 | 4,873 |
Operating Partnerships Revenues | 44,075 | 297,494 |
Expenses | ||
Interest | 11,759 | 44,187 |
Depreciation and amortization | 12,916 | 87,094 |
Operating expenses | 31,049 | 250,700 |
Operating Partnerships Total Expenses | 55,724 | 381,981 |
NET INCOME (LOSS) | (11,649) | (84,487) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (11,532) | (83,642) |
Net income (loss) allocated to other partners | (117) | (845) |
Series Thirty Three [Member] | ||
Revenues | ||
Rental | 57,341 | 224,455 |
Interest and other | 3,137 | 7,915 |
Operating Partnerships Revenues | 60,478 | 232,370 |
Expenses | ||
Interest | 13,233 | 37,328 |
Depreciation and amortization | 11,767 | 48,034 |
Operating expenses | 45,261 | 172,781 |
Operating Partnerships Total Expenses | 70,261 | 258,143 |
NET INCOME (LOSS) | (9,783) | (25,773) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (9,685) | (25,515) |
Net income (loss) allocated to other partners | (98) | (258) |
Series Thirty Four [Member] | ||
Revenues | ||
Rental | 142,910 | 163,362 |
Interest and other | 5,560 | 5,670 |
Operating Partnerships Revenues | 148,470 | 169,032 |
Expenses | ||
Interest | 21,676 | 24,983 |
Depreciation and amortization | 21,319 | 38,249 |
Operating expenses | 90,710 | 140,447 |
Operating Partnerships Total Expenses | 133,705 | 203,679 |
NET INCOME (LOSS) | 14,765 | (34,647) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 14,617 | (34,301) |
Net income (loss) allocated to other partners | 148 | (346) |
Series Thirty Five [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Six [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Seven [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Eight [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Nine [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Forty [Member] | ||
Revenues | ||
Rental | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Operating expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Forty One [Member] | ||
Revenues | ||
Rental | 611,601 | 804,868 |
Interest and other | 10,421 | 20,306 |
Operating Partnerships Revenues | 622,022 | 825,174 |
Expenses | ||
Interest | 111,343 | 142,009 |
Depreciation and amortization | 95,199 | 153,428 |
Operating expenses | 388,026 | 536,406 |
Operating Partnerships Total Expenses | 594,568 | 831,843 |
NET INCOME (LOSS) | 27,454 | (6,669) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 27,179 | (6,602) |
Net income (loss) allocated to other partners | 275 | (67) |
Series Forty Two [Member] | ||
Revenues | ||
Rental | 119,749 | 482,450 |
Interest and other | 2,023 | 22,177 |
Operating Partnerships Revenues | 121,772 | 504,627 |
Expenses | ||
Interest | 18,132 | 93,920 |
Depreciation and amortization | 29,547 | 122,288 |
Operating expenses | 77,360 | 390,678 |
Operating Partnerships Total Expenses | 125,039 | 606,886 |
NET INCOME (LOSS) | (3,267) | (102,259) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (3,234) | (101,236) |
Net income (loss) allocated to other partners | (33) | (1,023) |
Series Forty Three [Member] | ||
Revenues | ||
Rental | 0 | 625,563 |
Interest and other | 0 | 16,770 |
Operating Partnerships Revenues | 0 | 642,333 |
Expenses | ||
Interest | 0 | 51,066 |
Depreciation and amortization | 0 | 169,541 |
Operating expenses | 0 | 510,237 |
Operating Partnerships Total Expenses | 0 | 730,844 |
NET INCOME (LOSS) | 0 | (88,511) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | (87,626) |
Net income (loss) allocated to other partners | 0 | (885) |
Series Forty Four [Member] | ||
Revenues | ||
Rental | 379,351 | 908,953 |
Interest and other | 4,604 | 10,255 |
Operating Partnerships Revenues | 383,955 | 919,208 |
Expenses | ||
Interest | 81,617 | 217,657 |
Depreciation and amortization | 78,103 | 169,809 |
Operating expenses | 183,341 | 393,371 |
Operating Partnerships Total Expenses | 343,061 | 780,837 |
NET INCOME (LOSS) | 40,894 | 138,371 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 40,485 | 136,987 |
Net income (loss) allocated to other partners | 409 | 1,384 |
Series Forty Five [Member] | ||
Revenues | ||
Rental | 791,250 | 1,154,815 |
Interest and other | 9,654 | 19,363 |
Operating Partnerships Revenues | 800,904 | 1,174,178 |
Expenses | ||
Interest | 116,210 | 165,201 |
Depreciation and amortization | 192,641 | 277,464 |
Operating expenses | 568,111 | 880,025 |
Operating Partnerships Total Expenses | 876,962 | 1,322,690 |
NET INCOME (LOSS) | (76,058) | (148,512) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (75,297) | (147,027) |
Net income (loss) allocated to other partners | (761) | (1,485) |
Series Forty Six [Member] | ||
Revenues | ||
Rental | 1,092,643 | 1,200,365 |
Interest and other | 30,163 | 26,708 |
Operating Partnerships Revenues | 1,122,806 | 1,227,073 |
Expenses | ||
Interest | 227,958 | 233,351 |
Depreciation and amortization | 217,625 | 263,025 |
Operating expenses | 661,850 | 750,330 |
Operating Partnerships Total Expenses | 1,107,433 | 1,246,706 |
NET INCOME (LOSS) | 15,373 | (19,633) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 15,219 | (19,437) |
Net income (loss) allocated to other partners | $ 154 | $ (196) |