UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

 

(Mark One)

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

For the quarterly period endedSeptember 30,December 31, 2018
or
( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number        0-26200

 

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

Delaware

04-3208648

(State or other jurisdiction

(I.R.S. Employer

of incorporation or organization)

Identification No.)

 

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

                   (617) 624-8900                   

(Registrant's telephone number, including area code)

 

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

 

Yesý

No 

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 

Yesý

No 

 

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

 

Large accelerated filer □

Accelerated Filer □

Non-accelerated filerý

Smaller Reporting Companyý

Emerging Growth Company □

 

 

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

 

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

Yes 

Noý

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

 

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED SEPTEMBER 30,DECEMBER 31, 2018

 

TABLE OF CONTENTS

 

PART I FINANCIAL INFORMATION

        Pages

Item 1. Condensed Financial Statements

Condensed Balance Sheets

4-31

Condensed Statements of Operations

32-87

Condensed Statements of Changes in 

Partners' Capital (Deficit)


88-97

Condensed Statements of Cash Flows

98-125

Notes to Condensed Financial Statements

126-161

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


162-201162-208

Item 3. Quantitative and Qualitative Disclosures About         Market Risk


202209

Item 4. Controls and Procedures

202209

PART II OTHER INFORMATION

Item 1. Legal Proceedings

203210

Item 1A. Risk Factors

203210

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


203210

Item 3. Defaults Upon Senior Securities

203210

Item 4. Mine Safety Disclosures

203210

Item 5. Other Information

203210

Item 6. Exhibits

203210

Signatures

204211

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

CONDENSED BALANCE SHEETS

(Unaudited)


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

24,517,197

27,208,717

23,668,446

27,208,717

Other assets

40,088

40,088

40,088

40,088

$

24,557,285

$

27,248,805

$

23,708,534

$

27,248,805

LIABILITIES

Accounts payable and accrued expenses

$

660,673

$

654,673

$

1,642,092

$

654,673

Accounts payable affiliates (Note C)

25,656,166

29,495,273

19,723,088

29,495,273

Capital contributions payable

137,645

176,746

44,094

176,746

26,454,484

30,326,692

21,409,274

30,326,692

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
83,651,080 issued and 83,175,478
outstanding as of September 30, 2018
and March 31, 2018.






4,099,917







2,931,035

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
83,651,080 issued and 83,175,478
outstanding as of December 31, 2018
and March 31, 2018.






2,894,455







2,931,035

General Partner

(5,997,116)

(6,008,922)

(595,195)

(6,008,922)

(1,897,199)

(3,077,887)

2,299,260

(3,077,887)

$

24,557,285

$

27,248,805

$

23,708,534

$

27,248,805

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 20


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

182,677

241,987

-

241,987

Other assets

-

-

-

-

$

182,677

$

241,987

$

-

$

241,987

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,256,706

1,444,723

-

1,444,723

Capital contributions payable

-

-

-

-

1,256,706

1,444,723

-

1,444,723

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,866,700 issued and 3,829,200
outstanding as of September 30, 2018
and March 31, 2018.






(755,036)






(882,456)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,866,700 issued and 3,829,200
outstanding as of December 31, 2018
and March 31, 2018.






(754,767)






(882,456)

General Partner

(318,993)

(320,280)

754,767

(320,280)

(1,074,029)

(1,202,736)

-

(1,202,736)

$

182,677

$

241,987

$

-

$

241,987

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 21

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

-

-

Other assets

-

-

-

-

$

-

$

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
1,892,700 issued and 1,879,500
outstanding as of September 30, 2018
and March 31, 2018.






(898,231)







(898,231)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
1,892,700 issued and 1,879,500
outstanding as of December 31, 2018
and March 31, 2018.






(898,231)







(898,231)

General Partner

898,231

898,231

898,231

898,231

-

-

-

-

$

-

$

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

177,624

221,864

-

221,864

Other assets

-

-

-

-

$

177,624

$

221,864

$

-

$

221,864

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

2,865,961

2,878,109

-

2,878,109

Capital contributions payable

-

-

-

-

2,865,961

2,878,109

-

2,878,109

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,564,400 issued and 2,550,645
outstanding as of September 30, 2018
and March 31, 2018.






(2,442,370)






(2,410,599)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,564,400 issued and 2,550,645
outstanding as of December 31, 2018
and March 31, 2018.






(2,448,362)






(2,410,599)

General Partner

(245,967)

(245,646)

2,448,362

(245,646)

(2,688,337)

(2,656,245)

-

(2,656,245)

$

177,624

$

221,864

$

-

$

221,864

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 23

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

181,808

446,136

-

446,136

Other assets

-

-

-

-

$

181,808

$

446,136

$

-

$

446,136

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

694,499

933,387

-

933,387

Capital contributions payable

-

-

-

-

694,499

933,387

-

933,387

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,336,727 issued and 3,303,327
outstanding as of September 30, 2018
and March 31, 2018.






(222,718)






(197,532)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,336,727 issued and 3,303,327
outstanding as of December 31, 2018
and March 31, 2018.






(224,264)






(197,532)

General Partner

(289,973)

(289,719)

224,264

(289,719)

(512,691)

(487,251)

-

(487,251)

$

181,808

$

446,136

$

-

$

446,136


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 24


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

406,838

453,512

417,630

453,512

Other assets

-

-

-

-

$

406,838

$

453,512

$

417,630

$

453,512

LIABILITIES

Accounts payable and accrued expenses

$

-

$

5,000

$

3,000

$

5,000

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

5,000

3,000

5,000

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,169,878 issued and 2,152,753
outstanding as of September 30, 2018
and March 31, 2018.






582,022






623,279

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,169,878 issued and 2,152,753
outstanding as of December 31, 2018
and March 31, 2018.






589,736






623,279

General Partner

(175,184)

(174,767)

(175,106)

(174,767)

406,838

448,512

414,630

448,512

$

406,838

$

453,512

$

417,630

$

453,512

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 25

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

-

-

Other assets

-

-

-

-

$

-

$

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,026,109 issued and 3,016,809
outstanding as of September 30, 2018
and March 31, 2018.






219,815






219,815

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,026,109 issued and 3,016,809
outstanding as of December 31, 2018
and March 31, 2018.






219,815






219,815

General Partner

(219,815)

(219,815)

(219,815)

(219,815)

-

-

-

-

$

-

$

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

594,707

642,258

572,306

642,258

Other assets

-

-

-

-

$

594,707

$

642,258

$

572,306

$

642,258

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,995,900 issued and 3,965,400
outstanding as of September 30, 2018
and March 31, 2018.






907,103






954,178

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,995,900 issued and 3,965,400
outstanding as of December 31, 2018
and March 31, 2018.






884,926






954,178

General Partner

(312,396)

(311,920)

(312,620)

(311,920)

594,707

642,258

572,306

642,258

$

594,707

$

642,258

$

572,306

$

642,258

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 27

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

6,479,574

6,799,933

6,492,781

6,799,933

Other assets

-

-

-

-

$

6,479,574

$

6,799,933

$

6,492,781

$

6,799,933

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,460,700 issued and 2,443,900
outstanding as of September 30, 2018
and March 31, 2018.






6,621,226






6,938,381

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,460,700 issued and 2,443,900
outstanding as of December 31, 2018
and March 31, 2018.






6,634,301






6,938,381

General Partner

(141,652)

(138,448)

(141,520)

(138,448)

6,479,574

6,799,933

6,492,781

6,799,933

$

6,479,574

$

6,799,933

$

6,492,781

$

6,799,933

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 28

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

716,042

742,564

701,439

742,564

Other assets

-

-

-

-

$

716,042

$

742,564

$

701,439

$

742,564

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

-

-

-

-

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,000,738 issued and 3,984,138
outstanding as of September 30, 2018
and March 31, 2018.






990,718






1,016,975

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,000,738 issued and 3,984,138
outstanding as of December 31, 2018
and March 31, 2018.






976,261






1,016,975

General Partner

(274,676)

(274,411)

(274,822)

(274,411)

716,042

742,564

701,439

742,564

$

716,042

$

742,564

$

701,439

$

742,564

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 29

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

201,649

622,414

196,692

622,414

Other assets

-

-

-

-

$

201,649

$

622,414

$

196,692

$

622,414

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

3,062,314

3,559,561

3,069,575

3,559,561

Capital contributions payable

785

885

785

885

3,063,099

3,560,446

3,070,360

3,560,446

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,991,800 issued and 3,955,225
outstanding as of September 30, 2018
and March 31, 2018.






(2,494,188)






(2,570,004)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,991,800 issued and 3,955,225
outstanding as of December 31, 2018
and March 31, 2018.






(2,506,284)






(2,570,004)

General Partner

(367,262)

(368,028)

(367,384)

(368,028)

(2,861,450)

(2,938,032)

(2,873,668)

(2,938,032)

$

201,649

$

622,414

$

196,692

$

622,414

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

453,433

Other assets

-

-

$

-

$

453,433

LIABILITIES

Accounts payable and accrued expenses

$

-

$

3,500

Accounts payable affiliates (Note C)

-

1,620,957

Capital contributions payable

-

65,176

-

1,689,633

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,651,000 issued and 2,621,200
outstanding as of December 31, 2018
and March 31, 2018.






(883,119)






(996,782)

General Partner

883,119

(239,418)

-

(1,236,200)

$

-

$

453,433


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,958,503

1,971,680

Other assets

25,000

25,000

$

1,983,503

$

1,996,680

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

25,000

66,294

25,000

66,294

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,417,857 issued and 4,382,757
outstanding as of December 31, 2018
and March 31, 2018.






2,318,177






2,290,341

General Partner

(359,674)

(359,955)

1,958,503

1,930,386

$

1,983,503

$

1,996,680

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

225,947

563,697

Other assets

-

-

$

225,947

$

563,697

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

198,731

924,936

Capital contributions payable

1,229

1,229

199,960

926,165

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,754,198 issued and 4,736,198
outstanding as of December 31, 2018
and March 31, 2018.






432,090






47,520

General Partner

(406,103)

(409,988)

25,987

(362,468)

$

225,947

$

563,697

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

229,636

452,033

Other assets

-

-

$

229,636

$

452,033

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

1,085,969

1,252,955

Capital contributions payable

-

-

1,085,969

1,252,955

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,636,533 issued and 2,626,533
outstanding as of December 31, 2018
and March 31, 2018.






(621,990)






(567,133)

General Partner

(234,343)

(233,789)

(856,333)

(800,922)

$

229,636

$

452,033

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

223,081

394,837

Other assets

-

-

$

223,081

$

394,837

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

2,727,465

2,840,368

Capital contributions payable

-

-

2,727,465

2,840,368

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,529,319 issued and 3,509,919
outstanding as of December 31, 2018
and March 31, 2018.






(2,178,950)






(2,120,686)

General Partner

(325,434)

(324,845)

(2,504,384)

(2,445,531)

$

223,081

$

394,837

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

4,400,908

4,428,306

Other assets

-

-

$

4,400,908

$

4,428,306

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,300,463 issued and 3,279,913
outstanding as of December 31, 2018
and March 31, 2018.






4,638,924






4,666,048

General Partner

(238,016)

(237,742)

4,400,908

4,428,306

$

4,400,908

$

4,428,306

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

2,856,924

2,106,050

Other assets

-

-

$

2,856,924

$

2,106,050

LIABILITIES

Accounts payable and accrued expenses

$

701,319

$

131,000

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

701,319

131,000

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,106,838 issued and 2,092,704
outstanding as of December 31, 2018
and March 31, 2018.






2,312,712






2,133,963

General Partner

(157,107)

(158,913)

2,155,605

1,975,050

$

2,856,924

$

2,106,050

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

517,887

Other assets

-

-

$

-

$

517,887

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

513,149

Capital contributions payable

-

-

-

513,149

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,512,500 issued and 2,489,100
outstanding as of December 31, 2018
and March 31, 2018.






205,359






220,255

General Partner

(205,359)

(215,517)

-

4,738

$

-

$

517,887

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,486,571

1,492,145

Other assets

-

-

$

1,486,571

$

1,492,145

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

18,234

Capital contributions payable

-

-

-

18,234

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,543,100 issued and 2,538,700
outstanding as of December 31, 2018
and March 31, 2018.






1,689,989






1,677,456

General Partner

(203,418)

(203,545)

1,486,571

1,473,911

$

1,486,571

$

1,492,145

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39

 

 


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,292,151 issued and 2,288,351
outstanding as of December 31, 2018
and March 31, 2018.






196,043






196,043

General Partner

(196,043)

(196,043)

-

-

$

-

$

-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40

 

 


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

229,311

431,341

Other assets

-

-

$

229,311

$

431,341

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

2,264,647

2,413,069

Capital contributions payable

102

102

2,264,749

2,413,171

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,630,256 issued and 2,621,756
outstanding as of December 31, 2018
and March 31, 2018.






(1,790,140)






(1,737,068)

General Partner

(245,298)

(244,762)

(2,035,438)

(1,981,830)

$

229,311

$

431,341

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

249,679

741,152

Other assets

-

-

$

249,679

$

741,152

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

2,479,532

2,893,606

Capital contributions payable

-

-

2,479,532

2,893,606

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,891,626 issued and 2,874,926
outstanding as of December 31, 2018
and March 31, 2018.






(1,958,386)






(1,881,761)

General Partner

(271,467)

(270,693)

(2,229,853)

(2,152,454)

$

249,679

$

741,152

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

279,972

453,433

Other assets

-

-

$

279,972

$

453,433

LIABILITIES

Accounts payable and accrued expenses

$

6,500

$

3,500

Accounts payable affiliates (Note C)

1,454,221

1,620,957

Capital contributions payable

48,627

65,176

1,509,348

1,689,633

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,651,000 issued and 2,621,200
outstanding as of September 30, 2018
and March 31, 2018.






(990,026)






(996,782)

General Partner

(239,350)

(239,418)

(1,229,376)

(1,236,200)

$

279,972

$

453,433


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,967,831

1,971,680

Other assets

25,000

25,000

$

1,992,831

$

1,996,680

LIABILITIES

Accounts payable and accrued expenses

$

2,500

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

43,842

66,294

46,342

66,294

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,417,857 issued and 4,382,757
outstanding as of September 30, 2018
and March 31, 2018.






2,306,283






2,290,341

General Partner

(359,794)

(359,955)

1,946,489

1,930,386

$

1,992,831

$

1,996,680

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

238,569

563,697

Other assets

-

-

$

238,569

$

563,697

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

178,937

924,936

Capital contributions payable

1,229

1,229

180,166

926,165

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,754,198 issued and 4,736,198
outstanding as of September 30, 2018
and March 31, 2018.






464,182






47,520

General Partner

(405,779)

(409,988)

58,403

(362,468)

$

238,569

$

563,697

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

231,039

452,033

Other assets

-

-

$

231,039

$

452,033

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

1,072,651

1,252,955

Capital contributions payable

-

-

1,072,651

1,252,955

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,636,533 issued and 2,626,533
outstanding as of September 30, 2018
and March 31, 2018.






(607,416)






(567,133)

General Partner

(234,196)

(233,789)

(841,612)

(800,922)

$

231,039

$

452,033

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

229,938

394,837

Other assets

-

-

$

229,938

$

394,837

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

2,715,100

2,840,368

Capital contributions payable

-

-

2,715,100

2,840,368

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,529,319 issued and 3,509,919
outstanding as of September 30, 2018
and March 31, 2018.






(2,159,921)






(2,120,686)

General Partner

(325,241)

(324,845)

(2,485,162)

(2,445,531)

$

229,938

$

394,837

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

4,407,984

4,428,306

Other assets

-

-

$

4,407,984

$

4,428,306

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,300,463 issued and 3,279,913
outstanding as of September 30, 2018
and March 31, 2018.






4,645,929






4,666,048

General Partner

(237,945)

(237,742)

4,407,984

4,428,306

$

4,407,984

$

4,428,306

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

2,288,444

2,106,050

Other assets

-

-

$

2,288,444

$

2,106,050

LIABILITIES

Accounts payable and accrued expenses

$

131,000

$

131,000

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

131,000

131,000

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,106,838 issued and 2,092,704
outstanding as of September 30, 2018
and March 31, 2018.






2,314,533






2,133,963

General Partner

(157,089)

(158,913)

2,157,444

1,975,050

$

2,288,444

$

2,106,050

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,018,996

517,887

Other assets

-

-

$

1,018,996

$

517,887

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

513,149

Capital contributions payable

-

-

-

513,149

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,512,500 issued and 2,489,100
outstanding as of September 30, 2018
and March 31, 2018.






1,224,370






220,255

General Partner

(205,374)

(215,517)

1,018,996

4,738

$

1,018,996

$

517,887

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,482,411

1,492,145

Other assets

-

-

$

1,482,411

$

1,492,145

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

18,234

Capital contributions payable

-

-

-

18,234

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,543,100 issued and 2,538,700
outstanding as of September 30, 2018
and March 31, 2018.






1,685,871






1,677,456

General Partner

(203,460)

(203,545)

1,482,411

1,473,911

$

1,482,411

$

1,492,145

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39

 

 


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,292,151 issued and 2,288,351
outstanding as of September 30, 2018
and March 31, 2018.






196,043






196,043

General Partner

(196,043)

(196,043)

-

-

$

-

$

-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40

 

 


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

240,570

431,341

Other assets

-

-

$

240,570

$

431,341

LIABILITIES

Accounts payable and accrued expenses

$

5,500

$

-

Accounts payable affiliates (Note C)

2,241,257

2,413,069

Capital contributions payable

102

102

2,246,859

2,413,171

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,630,256 issued and 2,621,756
outstanding as of September 30, 2018
and March 31, 2018.






(1,761,282)






(1,737,068)

General Partner

(245,007)

(244,762)

(2,006,289)

(1,981,830)

$

240,570

$

431,341

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41


September 30,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

254,427

741,152

Other assets

-

-

$

254,427

$

741,152

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

2,445,456

2,893,606

Capital contributions payable

-

-

2,445,456

2,893,606

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,891,626 issued and 2,874,926
outstanding as of September 30, 2018
and March 31, 2018.






(1,919,950)






(1,881,761)

General Partner

(271,079)

(270,693)

(2,191,029)

(2,152,454)

$

254,427

$

741,152

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 42

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,318,553

1,327,017

1,319,625

1,327,017

Other assets

11,300

11,300

11,300

11,300

$

1,329,853

$

1,338,317

$

1,330,925

$

1,338,317

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

1,500

$

-

Accounts payable affiliates (Note C)

-

-

-

-

Capital contributions payable

254

254

254

254

254

254

1,754

254

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,744,262 issued and 2,732,262
outstanding as of September 30, 2018
and March 31, 2018.






1,557,241






1,565,620

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,744,262 issued and 2,732,262
outstanding as of December 31, 2018
and March 31, 2018.






1,556,817






1,565,620

General Partner

(227,642)

(227,557)

(227,646)

(227,557)

1,329,599

1,338,063

1,329,171

1,338,063

$

1,329,853

$

1,338,317

$

1,330,925

$

1,338,317

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 43

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

333,478

854,364

769,315

854,364

Other assets

-

-

-

-

$

333,478

$

854,364

$

769,315

$

854,364

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

363,500

$

-

Accounts payable affiliates (Note C)

440,011

915,591

485,101

915,591

Capital contributions payable

26,082

26,082

-

26,082

466,093

941,673

848,601

941,673

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,637,987 issued and 3,629,487
outstanding as of September 30, 2018
and March 31, 2018.






190,232






235,085

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
3,637,987 issued and 3,629,487
outstanding as of December 31, 2018
and March 31, 2018.






243,028






235,085

General Partner

(322,847)

(322,394)

(322,314)

(322,394)

(132,615)

(87,309)

(79,286)

(87,309)

$

333,478

$

854,364

$

769,315

$

854,364

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 44

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

106,507

84,006

109,921

84,006

Other assets

-

-

-

-

$

106,507

$

84,006

$

109,921

$

84,006

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

2,952,865

2,830,127

3,016,016

2,830,127

Capital contributions payable

-

-

-

-

2,952,865

2,830,127

3,016,016

2,830,127

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,701,973 issued and 2,693,973
outstanding as of September 30, 2018
and March 31, 2018.






(2,580,447)






(2,481,212)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,701,973 issued and 2,693,973
outstanding as of December 31, 2018
and March 31, 2018.






(2,639,586)






(2,481,212)

General Partner

(265,911)

(264,909)

(266,509)

(264,909)

(2,846,358)

(2,746,121)

(2,906,095)

(2,746,121)

$

106,507

$

84,006

$

109,921

$

84,006

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 45

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

874,021

753,702

928,655

753,702

Other assets

-

-

-

-

$

874,021

$

753,702

$

928,655

$

753,702

LIABILITIES

Accounts payable and accrued expenses

$

515,173

$

515,173

$

572,773

$

515,173

Accounts payable affiliates (Note C)

2,479,600

2,584,511

2,547,165

2,584,511

Capital contributions payable

16,724

16,724

16,724

16,724

3,011,497

3,116,408

3,136,662

3,116,408

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,014,367 issued and 4,008,167
outstanding as of September 30, 2018
and March 31, 2018.






(1,762,439)






(1,985,417)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
4,014,367 issued and 4,008,167
outstanding as of December 31, 2018
and March 31, 2018.






(1,832,265)






(1,985,417)

General Partner

(375,037)

(377,289)

(375,742)

(377,289)

(2,137,476)

(2,362,706)

(2,208,007)

(2,362,706)

$

874,021

$

753,702

$

928,655

$

753,702


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 46

 


September 30,
2018


March 31,
2018


December 31,
2018


March 31,
2018

INVESTMENTS IN OPERATING PARTNERSHIPS

$

-

$

-

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

303,538

466,399

299,522

466,399

Other assets

3,788

3,788

3,788

3,788

$

307,326

$

470,187

$

303,310

$

470,187

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

$

-

$

-

Accounts payable affiliates (Note C)

1,796,588

1,871,990

1,848,887

1,871,990

Capital contributions payable

-

-

-

-

1,796,588

1,871,990

1,848,887

1,871,990

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,980,998 issued and 2,968,635
outstanding as of September 30, 2018
and March 31, 2018.






(1,211,627)






(1,125,043)

Units of limited partnership
interest, $10 stated value per BAC;
101,500,000 authorized BACs;
2,980,998 issued and 2,968,635
outstanding as of December 31, 2018
and March 31, 2018.






(1,267,379)






(1,125,043)

General Partner

(277,635)

(276,760)

(278,198)

(276,760)

(1,489,262)

(1,401,803)

(1,545,577)

(1,401,803)

$

307,326

$

470,187

$

303,310

$

470,187

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

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

 

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

52,135

$

22,898

$

60,657

$

44,147

Other income

 

75,634

 

104,930

 

35,136

 

61,482

127,769

127,828

95,793

105,629

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


1,430,313

 


5,720,798

Gain on Disposition of
Operating Partnerships

 


467,156

 


1,055,522

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

58,780

 

426,290

 

70,561

 

26,251

Fund management fee, net (Note C)

 

404,905

 

553,340

 

376,113

 

456,851

General and administrative expenses

 

165,278

 

142,325

 

303,064

 

259,174

 

628,963

 

1,121,955

 

749,738

 

742,276

 

 

 

 

    

NET INCOME (LOSS)

$

929,119

$

4,726,671

$

(186,789)

$

418,875

 

 

 

 

    

Net income (loss) allocated to
assignees


$


919,829


$


4,679,402


$


(184,923)


$


414,684

 

 

 

 

    

Net income (loss) allocated to general
partner


$


9,290


$


47,269


$


(1,866)


$


4,191

 

 

 

 

    

Net income (loss) per BAC

$

.01

$

.06

$

(.00)

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 20

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

393

$

33

$

361

$

284

Other income

 

-

 

-

 

-

 

-

 

393

 

33

 

361

 

284

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


42,000

 


42,000

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,565

 

10,643

 

2,831

 

657

Fund management fee, net (Note C)

 

2,549

 

5,240

 

2,549

 

5,336

General and administrative expenses

 

7,138

 

5,809

 

36,709

 

6,930

 

11,252

 

21,692

 

42,089

 

12,923

 

 

 

 

    

NET INCOME (LOSS)

$

(10,859)

$

(21,659)

$

272

$

29,361

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(10,750)


$


(21,442)


$


269


$


29,067

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(109)


$


(217)


$


3


$


294

 

 

 

 

    

Net income (loss) per BAC

$

(.00)

$

(.01)

$

.00

$

.01



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 21

 

 

 

2018

2017

2018

2017

Income

 

 

 

 

    

Interest income

$

-

$

27

$

-

$

81

Other income

 

-

 

859

 

-

 

-

 

-

 

886

 

-

 

81

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


67,000

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

-

 

8,330

 

-

 

1,314

Fund management fee, net (Note C)

 

-

 

1,131

 

-

 

2,216

General and administrative expenses

 

-

 

4,643

 

-

 

32,726

 

-

 

14,104

 

-

 

36,256

 

 

 

 

    

NET INCOME (LOSS)

$

-

$

(13,218)

$

-

$

30,825

 

 

 

 

    

Net income (loss) allocated to
assignees


$


-


$


(13,086)


$


-


$


30,517

 

 

 

 

    

Net income (loss) allocated to general
partner


$


-


$


(132)


$


-


$


308

 

 

 

 

    

Net income (loss) per BAC

$

-

$

(.01)

$

-

$

.02



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 22

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

591

$

80

$

455

$

196

Other income

 

-

 

-

 

-

 

-

 

591

 

80

 

455

 

196

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


38,000

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,565

 

9,180

 

2,406

 

657

Fund management fee, net (Note C)

 

6,426

 

7,303

 

6,426

 

7,303

General and administrative expenses

 

6,452

 

5,130

 

35,675

 

5,479

 

14,443

 

21,613

 

44,507

 

13,439

 

 

 

 

    

NET INCOME (LOSS)

$

(13,852)

$

(21,533)

$

(6,052)

$

(13,243)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(13,713)


$


(21,318)


$


(5,991)


$


(13,111)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(139)


$


(215)


$


(61)


$


(132)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.01)

$

(.00)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 23

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

633

$

1,358

$

489

$

1,140

Other income

 

1,977

 

1,977

 

-

 

1,977

 

2,610

 

3,335

 

489

 

3,117

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


43,500

 


30,296

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,686

 

12,166

 

2,731

 

657

Fund management fee, net (Note C)

 

5,556

 

5,556

 

5,556

 

5,556

General and administrative expenses

 

6,983

 

5,637

 

37,264

 

6,533

 

14,225

 

23,359

 

45,551

 

12,746

 

 

 

 

    

NET INCOME (LOSS)

$

(11,615)

$

(20,024)

$

(1,562)

$

20,667

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(11,499)


$


(19,824)


$


(1,546)


$


20,460

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(116)


$


(200)


$


(16)


$


207

 

 

 

 

    

Net income (loss) per BAC

$

(.00)

$

(.01)

$

(.00)

$

.01



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

 

Series 24

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

528

$

79

$

705

$

211

Other income

 

582

 

404

 

-

 

344

 

1,110

 

483

 

705

 

555

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


23,678

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,746

 

10,353

 

1,513

 

657

Fund management fee, net (Note C)

 

9,594

 

11,410

 

9,927

 

12,098

General and administrative expenses

 

6,114

 

5,055

 

5,150

 

5,131

 

17,454

 

26,818

 

16,590

 

17,886

 

 

 

 

    

NET INCOME (LOSS)

$

(16,344)

$

(26,335)

$

7,793

$

(17,331)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(16,181)


$


(26,072)


$


7,715


$


(17,158)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(163)


$


(263)


$


78


$


(173)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.01)

$

.00

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 25

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

-

$

71

$

-

$

-

Other income

 

-

 

10,178

 

-

 

-

 

-

 

10,249

 

-

 

-

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


97,399

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

-

 

9,698

 

-

 

1,314

Fund management fee, net (Note C)

 

-

 

3,748

 

-

 

-

General and administrative expenses

 

-

 

5,523

 

-

 

40,074

 

-

 

18,969

 

-

 

41,388

 

 

 

 

    

NET INCOME (LOSS)

$

-

$

88,679

$

-

$

(41,388)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


-


$


87,792


$


-


$


(40,974)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


-


$


887


$


-


$


(414)

 

 

 

 

    

Net income (loss) per BAC

$

-

$

.03

$

-

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 26

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

1,023

$

132

$

1,168

$

530

Other income

 

-

 

106

 

-

 

-

 

1,023

 

238

 

1,168

 

530

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


80,000

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

2,166

 

15,501

 

2,166

 

657

Fund management fee, net (Note C)

 

13,938

 

19,704

 

13,938

 

15,609

General and administrative expenses

 

7,234

 

6,160

 

7,464

 

7,656

 

23,338

 

41,365

 

23,568

 

23,922

 

 

 

 

    

NET INCOME (LOSS)

$

(22,315)

$

38,873

$

(22,400)

$

(23,392)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(22,092)


$


38,484


$


(22,176)


$


(23,158)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(223)


$


389


$


(224)


$


(234)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

.01

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 27

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

13,765

$

7,606

$

17,986

$

8,050

Other income

 

1,366

 

10,103

 

-

 

7,370

 

15,131

 

17,709

 

17,986

 

15,420

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

2,670

 

58,769

 

2,081

 

2,577

Fund management fee, net (Note C)

 

5,255

 

7,555

 

(2,365)

 

155

General and administrative expenses

 

6,244

 

5,070

 

5,062

 

4,895

 

14,169

 

71,394

 

4,778

 

7,627

 

 

 

 

    

NET INCOME (LOSS)

$

962

$

(53,685)

$

13,208

$

7,793

 

 

 

 

    

Net income (loss) allocated to
assignees


$


952


$


(53,148)


$


13,076


$


7,715

 

 

 

 

    

Net income (loss) allocated to general
partner


$


10


$


(537)


$


132


$


78

 

 

 

 

    

Net income (loss) per BAC

$

.00

$

(.02)

$

.01

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 28

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

1,047

$

146

$

1,235

$

577

Other income

 

-

 

-

 

-

 

-

 

1,047

 

146

 

1,235

 

577

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,686

 

11,689

 

2,003

 

657

Fund management fee, net (Note C)

 

7,296

 

8,844

 

7,296

 

8,844

General and administrative expenses

 

7,029

 

5,815

 

6,537

 

6,717

 

16,011

 

26,348

 

15,836

 

16,218

 

 

 

 

    

NET INCOME (LOSS)

$

(14,964)

$

(26,202)

$

(14,601)

$

(15,641)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(14,814)


$


(25,940)


$


(14,455)


$


(15,485)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(150)


$


(262)


$


(146)


$


(156)

 

 

 

 

    

Net income (loss) per BAC

$

(.00)

$

(.01)

$

(.00)

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 29

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

962

$

87

$

1,106

$

313

Other income

 

-

 

-

 

-

 

-

 

962

 

87

 

1,106

 

313

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,866

 

12,992

 

2,123

 

657

Fund management fee, net (Note C)

 

7,261

 

17,160

 

4,261

 

20,547

General and administrative expenses

 

7,222

 

5,797

 

6,940

 

7,413

 

16,349

 

35,949

 

13,324

 

28,617

 

 

 

 

    

NET INCOME (LOSS)

$

(15,387)

$

(35,862)

$

(12,218)

$

(28,304)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(15,233)


$


(35,503)


$


(12,096)


$


(28,021)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(154)


$


(359)


$


(122)


$


(283)

 

 

 

 

    

Net income (loss) per BAC

$

(.00)

$

(.01)

$

(.00)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

789

$

69

$

681

$

574

Other income

 

-

 

-

 

-

 

-

 

789

 

69

 

681

 

574

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


17,549

 


2,091

Gain on Disposition of
Operating Partnerships

 


153,627

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,866

 

11,355

 

2,221

 

657

Fund management fee, net (Note C)

 

7,462

 

12,609

 

5,668

 

10,209

General and administrative expenses

 

6,262

 

4,886

 

38,433

 

5,314

 

15,590

 

28,850

 

46,322

 

16,180

 

 

 

 

    

NET INCOME (LOSS)

$

2,748

$

(26,690)

$

107,986

$

(15,606)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


2,721


$


(26,423)


$


106,906


$


(15,450)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


27


$


(267)


$


1,080


$


(156)

 

 

 

 

    

Net income (loss) per BAC

$

.00

$

(.01)

$

.04

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

4,528

$

1,393

$

5,442

$

2,325

Other income

 

-

 

640

 

-

 

-

 

4,528

 

2,033

 

5,442

 

2,325

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


61,952

 


45,000

Gain on Disposition of
Operating Partnerships

 


36,342

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,986

 

20,446

 

6,927

 

657

Fund management fee, net (Note C)

 

16,535

 

21,699

 

16,065

 

19,092

General and administrative expenses

 

7,084

 

5,823

 

6,779

 

7,199

 

25,605

 

47,968

 

29,771

 

26,948

 

 

 

 

    

NET INCOME (LOSS)

$

40,875

$

(935)

$

12,013

$

(24,623)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


40,466


$


(926)


$


11,893


$


(24,377)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


409


$


(9)


$


120


$


(246)

 

 

 

 

    

Net income (loss) per BAC

$

.01

$

(.00)

$

.00

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

341

$

459

$

86

$

2,148

Other income

 

-

 

-

 

-

 

11,000

 

341

 

459

 

86

 

13,148

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


1,533,999

Gain on Disposition of
Operating Partnerships

 


-

 


128,747

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,866

 

14,753

 

7,049

 

657

Fund management fee, net (Note C)

 

19,794

 

26,370

 

18,294

 

17,234

General and administrative expenses

 

7,173

 

5,839

 

7,158

 

11,395

 

28,833

 

46,962

 

32,501

 

29,286

 

 

 

 

    

NET INCOME (LOSS)

$

(28,492)

$

1,487,496

$

(32,415)

$

112,609

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(28,207)


$


1,472,621


$


(32,091)


$


111,483

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(285)


$


14,875


$


(324)


$


1,126

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

.31

$

(.01)

$

.02



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

(Unaudited)

Series 33

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

829

$

88

$

980

$

332

Other income

 

2,536

 

-

 

-

 

5,329

 

3,365

 

88

 

980

 

5,661

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


67,454

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,686

 

9,843

 

1,484

 

657

Fund management fee, net (Note C)

8,898

16,397

9,318

(3,186)

General and administrative expenses

 

6,049

 

4,762

 

4,899

 

4,891

 

16,633

 

31,002

 

15,701

 

2,362

 

 

 

 

    

NET INCOME (LOSS)

$

(13,268)

$

(30,914)

$

(14,721)

$

70,753

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(13,135)


$


(30,605)


$


(14,574)


$


70,045

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(133)


$


(309)


$


(147)


$


708

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.01)

$

(.01)

$

.03



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

540

$

465

$

850

$

645

Other income

 

1,539

 

1,539

 

-

 

-

 

2,079

 

2,004

 

850

 

645

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,626

 

12,958

 

1,783

 

657

Fund management fee, net (Note C)

 

8,166

 

8,166

 

12,365

 

12,365

General and administrative expenses

 

6,559

 

5,226

 

5,924

 

5,903

 

16,351

 

26,350

 

20,072

 

18,925

NET INCOME (LOSS)

$

(14,272)

$

(24,346)

$

(19,222)

$

(18,280)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(14,129)


$


(24,103)


$


(19,030)


$


(18,097)

 

 

 

 

    

Net income (loss) allocated to general
partner


$

 

(143)


$


(243)


$


(192)


$


(183)

 

 

 

 

    

Net income (loss) per BAC

$

(.00)

$

(.01)

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

8,426

$

2,181

$

9,216

$

5,396

Other income

 

-

 

2,818

 

-

 

-

8,426

4,999

9,216

5,396

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


2,653,528

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

Professional fees

 

1,626

 

12,474

 

6,668

 

657

Fund management fee, net (Note C)

 

4,053

 

15,022

 

4,053

 

7,453

General and administrative expenses

 

6,499

 

5,339

 

5,571

 

5,576

 

12,178

 

32,835

 

16,292

 

13,686

 

 

 

 

    

NET INCOME (LOSS)

$

(3,752)

$

2,625,692

$

(7,076)

$

(8,290)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(3,714)


$


2,599,435


$


(7,005)


$


(8,207)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(38)


$


26,257


$


(71)


$


(83)

 

 

 

 

    

Net income (loss) per BAC

$

(.00)

$

.79

$

(.00)

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 36

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

5,249

$

1,896

$

6,084

$

2,465

Other income

 

-

 

1,294

 

-

 

-

 

5,249

 

3,190

 

6,084

 

2,465

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


243,163

 


-

Gain on Disposition of
Operating Partnerships

 


9,941

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

10,708

 

13,115

 

11,756

 

657

Fund management fee, net (Note C)

 

5,990

 

7,626

 

1,775

 

7,626

General and administrative expenses

 

5,794

 

4,665

 

4,335

 

4,272

 

22,492

 

25,406

 

17,866

 

12,555

 

 

 

 

    

NET INCOME (LOSS)

$

225,920

$

(22,216)

$

(1,841)

$

(10,090)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


223,661


$


(21,994)


$


(1,823)


$


(9,989)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


2,259


$


(222)


$


(18)


$


(101)

 

 

 

 

    

Net income (loss) per BAC

$

.11

$

(.01)

$

(.00)

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 37

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

717

$

2,064

$

258

$

1,144

Other income

 

-

 

5,432

 

-

 

-

 

717

 

7,496

 

258

 

1,144

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


1,020,649

 


-

Gain on Disposition of
Operating Partnerships

 


41,726

 


140,415

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,566

 

12,645

 

2,085

 

657

Fund management fee, net (Note C)

 

3,396

 

12,501

 

-

 

10,957

General and administrative expenses

 

9,704

 

4,618

 

38,356

 

4,318

 

14,666

 

29,764

 

40,441

 

15,932

 

 

 

 

    

NET INCOME (LOSS)

$

1,006,700

$

(22,268)

$

1,543

$

125,627

 

 

 

 

    

Net income (loss) allocated to
assignees


$


996,633


$


(22,045)


$


1,528


$


124,371

 

 

 

 

    

Net income (loss) allocated to general
partner


$


10,067


$


(223)


$


15


$


1,256

 

 

 

 

    

Net income (loss) per BAC

$

.40

$

(.01)

$

.00

$

.05



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 38

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

1,720

$

2,611

$

817

$

3,593

Other income

 

24,000

 

10,160

 

20,202

 

7,020

 

25,720

 

12,771

 

21,019

 

10,613

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,746

 

13,776

 

1,459

 

657

Fund management fee, net (Note C)

 

16,581

 

17,734

 

10,581

 

8,034

General and administrative expenses

 

6,006

 

4,869

 

4,820

 

4,808

 

24,333

 

36,379

 

16,860

 

13,499

 

 

 

 

    

NET INCOME (LOSS)

$

1,387

$

(23,608)

$

4,159

$

(2,886)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


1,373


$


(23,372)


$


4,117


$


(2,857)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


14


$


(236)


$


42


$


(29)

 

 

 

 

    

Net income (loss) per BAC

$

.00

$

(.01)

$

.00

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 39

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

-

$

447

$

-

$

175

Other income

 

-

 

-

 

-

 

-

 

-

 

447

 

-

 

175

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


17,779

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

-

 

14,305

 

-

 

1,314

Fund management fee, net (Note C)

 

-

 

1,709

 

-

 

1,712

General and administrative expenses

 

-

 

4,623

 

-

 

34,495

 

-

 

20,637

 

-

 

37,521

 

 

 

 

    

NET INCOME (LOSS)

$

-

$

(20,190)

$

-

$

(19,567)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


-


$


(19,988)


$


-


$


(19,371)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


-


$


(202)


$


-


$


(196)

 

 

 

 

    

Net income (loss) per BAC

$

-

$

(.01)

$

-

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 40

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

787

$

64

$

977

$

830

Other income

1,250

1,250

-

2,262

 

2,037

 

1,314

 

977

 

3,092

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


44,500

 


588,952

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

2,046

 

16,553

 

1,390

 

657

Fund management fee, net (Note C)

 

21,194

 

28,709

 

23,390

 

15,119

General and administrative expenses

 

6,017

 

4,812

 

5,346

 

5,228

 

29,257

 

50,074

 

30,126

 

21,004

 

 

 

 

    

NET INCOME (LOSS)

$

17,280

$

540,192

$

(29,149)

$

(17,912)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


17,107


$


534,790


$


(28,858)


$


(17,733)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


173


$


5,402


$


(291)


$


(179)

 

 

 

 

    

Net income (loss) per BAC

$

.01

$

.20

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 41

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

875

$

258

$

1,165

$

1,070

Other income

 

-

 

-

 

-

 

2,765

 

875

 

258

 

1,165

 

3,835

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


719,829

Gain on Disposition of
Operating Partnerships

 


-

 


63,058

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

2,466

 

16,805

 

1,620

 

657

Fund management fee, net (Note C)

 

34,076

 

50,647

 

32,161

 

37,849

General and administrative expenses

 

10,538

 

5,261

 

6,207

 

7,821

 

47,080

 

72,713

 

39,988

 

46,327

 

 

 

 

    

NET INCOME (LOSS)

$

(46,205)

$

647,374

$

(38,823)

$

20,566

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(45,743)


$


640,900


$


(38,435)


$


20,360

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(462)


$


6,474


$


(388)


$


206

 

 

 

 

    

Net income (loss) per BAC

$

(.02)

$

.22

$

(.01)

$

.01



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 42

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

3,873

$

328

$

4,775

$

5,466

Other income

 

290

 

15,789

 

13,734

 

172

 

4,163

 

16,117

 

18,509

 

5,638

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


42,500

 


-

Gain on Disposition of
Operating Partnerships

 


11,822

 


262,279

Expenses

 

 

 

 

    

Professional fees

 

2,286

 

14,660

 

1,499

 

657

Fund management fee, net (Note C)

 

15,249

 

36,957

 

23,431

 

35,049

General and administrative expenses

 

6,129

 

5,114

 

5,829

 

6,073

 

23,664

 

56,731

 

30,759

 

41,779

 

 

 

 

    

NET INCOME (LOSS)

$

22,999

$

(40,614)

$

(428)

$

226,138

 

 

 

 

    

Net income (loss) allocated to
assignees


$


22,769


$


(40,208)


$


(424)


$


223,877

 

 

 

 

    

Net income (loss) allocated to general
partner


$


230


$


(406)


$


(4)


$


2,261

 

 

 

 

    

Net income (loss) per BAC

$

.01

$

(.01)

$

(.00)

$

.08



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 43

  

2018

 

2017

Income

    

Interest income

$

1,434

$

4,962

Other income

 

-

 

-

  

1,434

 

4,962

     
     

Gain on Disposition of
Operating Partnerships

 


66,520

 


225,500

     

Expenses

    

Professional fees

 

1,758

 

657

Fund management fee, net (Note C) 

 

5,532

 

54,247

General and administrative expenses

 

7,336

 

7,497

  

14,626

 

62,401

     

NET INCOME (LOSS)

$

53,328

$

168,061

     

Net income (loss) allocated to 
assignees


$


52,795


$


166,380

     

Net income (loss) allocated to general
partner


$


533


$


1,681

     

Net income (loss) per BAC

$

.01

$

.05



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 4344

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

1,360

$

95

$

196

$

61

Other income

 

639

 

6,909

 

813

 

6,895

 

1,999

 

7,004

 

1,009

 

6,956

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

2,526

 

16,878

 

1,523

 

657

Fund management fee, net (Note C)

 

44,591

 

51,006

 

53,683

 

31,705

General and administrative expenses

 

7,509

 

5,445

 

5,540

 

5,377

 

54,626

 

73,329

 

60,746

 

37,739

 

 

 

 

    

NET INCOME (LOSS)

$

(52,627)

$

(66,325)

$

(59,737)

$

(30,783)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(52,101)


$


(65,662)


$


(59,140)


$


(30,475)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(526)


$


(663)


$


(597)


$


(308)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.02)

$

(.02)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 4445

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

99

$

6

$

2,877

$

854

Other income

 

13,800

 

11,864

 

387

 

-

 

13,899

 

11,870

 

3,264

 

854

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

1,926

 

20,201

 

1,878

 

5,278

Fund management fee, net (Note C)

 

46,192

 

57,825

 

62,910

 

68,354

General and administrative expenses

 

6,159

 

4,851

 

9,007

 

8,963

 

54,277

 

82,877

 

73,795

 

82,595

 

 

 

 

    

NET INCOME (LOSS)

$

(40,378)

$

(71,007)

$

(70,531)

$

(81,741)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(39,974)


$


(70,297)


$


(69,826)


$


(80,924)

 

 

 

 

Net income (loss) allocated to general
partner


$


(404)


$


(710)


$


(705)


$


(817)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.03)

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 45

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

2,148

$

533

Other income

 

4,116

 

6,228

 

 

6,264

 

6,761

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

5,678

 

30,803

Fund management fee, net (Note C) 

 

47,015

 

59,041

General and administrative expenses

 

6,981

 

6,383

 

 

59,674

 

96,227

 

 

 

 

 

NET INCOME (LOSS)

$

(53,410)

$

(89,466)

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


(52,876)


$


(88,571)

Net income (loss) allocated to general
partner


$


(534)


$


(895)

 

 

 

 

 

Net income (loss) per BAC

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 46

 

 

 

2018

2017

2018

2017

Income

 

 

 

 

    

Interest income

$

912

$

322

$

1,314

$

725

Other income

 

23,539

 

17,380

 

-

 

16,348

 

24,451

 

17,702

 

1,314

 

17,073

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


10,994

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

2,226

 

15,399

 

1,607

 

657

Fund management fee, net (Note C)

 

47,838

 

41,671

 

49,299

 

45,368

General and administrative expenses

 

6,399

 

5,170

 

6,723

 

6,490

 

56,463

 

62,240

 

57,629

 

52,515

 

 

 

 

    

NET INCOME (LOSS)

$

(32,012)

$

(44,538)

$

(56,315)

$

(24,448)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(31,692)


$


(44,093)


$


(55,752)


$


(24,204)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(320)


$


(445)


$


(563)


$


(244)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.01)

$

(.02)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

 

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

102,997

$

36,833

$

163,651

$

80,976

Other income

 

262,123

 

192,644

 

292,224

 

254,126

365,120

229,477

455,875

335,102

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


2,619,630

 


10,250,429

Gain on Disposition of
Operating Partnerships

 


3,086,786

 


11,305,952

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

426,907

 

555,656

 

497,467

 

581,933

Fund management fee, net (Note C)

 

816,630

 

1,073,715

 

1,192,744

 

1,530,568

General and administrative expenses

 

249,562

 

249,354

 

547,591

 

508,530

 

1,493,099

 

1,878,725

 

2,237,802

 

2,621,031

 

 

 

 

    

NET INCOME (LOSS)

$

1,491,651

$

8,601,181

$

1,304,859

$

9,020,023

 

 

 

 

    

Net income (loss) allocated to
assignees


$


1,476,735


$


8,515,170


$


1,291,810


$


8,929,822

 

 

 

 

    

Net income (loss) allocated to general
partner


$


14,916


$


86,011


$


13,049


$


90,201

 

 

 

 

    

Net income (loss) per BAC

$

.02

$

.10

$

.02

$

.11



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 20

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

979

$

68

$

1,340

$

350

Other income

 

-

 

-

 

-

 

-

 

979

 

68

 

1,340

 

350

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


155,337

 


-

Gain on Disposition of
Operating Partnerships

 


197,337

 


42,000

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

11,670

 

13,623

 

14,501

 

14,281

Fund management fee, net (Note C)

 

4,820

 

8,959

 

7,369

 

14,295

General and administrative expenses

 

11,119

 

10,047

 

47,828

 

16,976

 

27,609

 

32,629

 

69,698

 

45,552

 

 

 

 

    

NET INCOME (LOSS)

$

128,707

$

(32,561)

$

128,979

$

(3,202)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


127,420


$


(32,235)


$


127,689


$


(3,170)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


1,287


$


(326)


$


1,290


$


(32)

 

 

 

 

    

Net income (loss) per BAC

$

.03

$

(.01)

$

.03

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 21

 

 

 

2018

2017

2018

2017

Income

 

 

 

 

    

Interest income

$

-

$

56

$

-

$

137

Other income

 

-

 

859

 

-

 

859

 

-

 

915

 

-

 

996

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


67,000

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

-

 

10,960

 

-

 

12,275

Fund management fee, net (Note C)

 

-

 

3,387

 

-

 

5,603

General and administrative expenses

 

-

 

8,149

 

-

 

40,874

 

-

 

22,496

 

-

 

58,752

 

 

 

 

    

NET INCOME (LOSS)

$

-

$

(21,581)

$

-

$

9,244

 

 

 

 

    

Net income (loss) allocated to
assignees


$


-


$


(21,365)


$


-


$


9,152

 

 

 

 

    

Net income (loss) allocated to general
partner


$


-


$


(216)


$


-


$


92

 

 

 

 

    

Net income (loss) per BAC

$

-

$

(.01)

$

-

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 22

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

��

 

 

 

    

Interest income

$

1,124

$

164

$

1,579

$

361

Other income

 

-

 

-

 

-

 

-

 

1,124

 

164

 

1,579

 

361

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


38,000

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

11,045

 

12,160

 

13,451

 

12,818

Fund management fee, net (Note C)

 

12,352

 

14,106

 

18,778

 

21,409

General and administrative expenses

 

9,819

 

8,962

 

45,494

 

14,441

 

33,216

 

35,228

 

77,723

 

48,668

 

 

 

 

    

NET INCOME (LOSS)

$

(32,092)

$

(35,064)

$

(38,144)

$

(48,307)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(31,771)


$


(34,713)


$


(37,763)


$


(47,824)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(321)


$


(351)


$


(381)


$


(483)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.01)

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 23

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

1,556

$

2,224

$

2,045

$

3,364

Other income

 

3,955

 

3,955

 

3,955

 

5,932

 

5,511

 

6,179

 

6,000

 

9,296

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


959,665

Gain on Disposition of
Operating Partnerships

 


43,500

 


989,962

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

12,601

 

15,921

 

15,332

 

16,579

Fund management fee, net (Note C)

 

7,506

 

9,362

 

13,062

 

14,918

General and administrative expenses

 

10,844

 

9,773

 

48,108

 

16,306

 

30,951

 

35,056

 

76,502

 

47,803

 

 

 

 

    

NET INCOME (LOSS)

$

(25,440)

$

930,788

$

(27,002)

$

951,455

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(25,186)


$


921,480


$


(26,732)


$


941,940

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(254)


$


9,308


$


(270)


$


9,515

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

.28

$

(.01)

$

.28



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

 

Series 24

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

1,121

$

161

$

1,826

$

372

Other income

 

582

 

404

 

582

 

748

 

1,703

 

565

 

2,408

 

1,120

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


23,678

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

13,741

 

13,678

 

15,254

 

14,336

Fund management fee, net (Note C)

 

20,355

 

22,831

 

30,282

 

34,929

General and administrative expenses

 

9,281

 

8,837

 

14,432

 

13,969

 

43,377

 

45,346

 

59,968

 

63,234

 

 

 

 

    

NET INCOME (LOSS)

$

(41,674)

$

(44,781)

$

(33,882)

$

(62,114)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(41,257)


$


(44,333)


$


(33,543)


$


(61,493)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(417)


$


(448)


$


(339)


$


(621)

 

 

 

 

    

Net income (loss) per BAC

$

(.02)

$

(.02)

$

(.02)

$

(.03)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 25

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

-

$

143

$

-

$

143

Other income

 

-

 

10,178

 

-

 

10,178

 

-

 

10,321

 

-

 

10,321

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


97,399

Gain on Disposition of
Operating Partnerships

 


-

 


97,399

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

-

 

12,678

 

-

 

13,993

Fund management fee, net (Note C)

 

-

 

9,682

 

-

 

9,682

General and administrative expenses

 

-

 

9,567

 

-

 

49,639

 

-

 

31,927

 

-

 

73,314

 

 

 

 

    

NET INCOME (LOSS)

$

-

$

75,793

$

-

$

34,406

 

 

 

 

    

Net income (loss) allocated to
assignees


$


-


$


75,035


$


-


$


34,062

 

 

 

 

    

Net income (loss) allocated to general
partner


$


-


$


758


$


-


$


344

 

 

 

 

    

Net income (loss) per BAC

$

-

$

.02

$

-

$

.01



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 26

 

 

 

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

1,948

$

269

Other income

 

420

 

526

 

 

2,368

 

795

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


10,500

 


80,000

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

20,446

 

20,226

Fund management fee, net (Note C) 

 

28,547

 

41,249

General and administrative expenses

 

11,426

 

10,674

 

 

60,419

 

72,149

 

 

 

 

 

NET INCOME (LOSS)

$

(47,551)

$

8,646

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


(47,075)


$


8,560

 

 

 

 

 

Net income (loss) allocated to general
partner


$


(476)


$


86

 

 

 

 

 

Net income (loss) per BAC

$

(.01)

$

.00



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 27

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

26,237

$

11,943

Other income

 

1,366

 

10,103

 

 

27,603

 

22,046

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


-

 


3,291,567

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

14,660

 

76,539

Fund management fee, net (Note C) 

 

12,890

 

22,523

General and administrative expenses

 

9,449

 

8,902

 

 

36,999

 

107,964

 

 

 

 

 

NET INCOME (LOSS)

$

(9,396)

$

3,205,649

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


(9,302)


$


3,173,593

 

 

 

 

 

Net income (loss) allocated to general
partner


$


(94)


$


32,056

 

 

 

 

 

Net income (loss) per BAC

$

(.00)

$

1.30



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 28

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

1,978

$

295

Other income

 

446

 

446

 

 

2,424

 

741

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


8,500

 


-

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

12,426

 

15,714

Fund management fee, net (Note C) 

 

14,140

 

15,688

General and administrative expenses

 

10,880

 

10,098

 

 

37,446

 

41,500

 

 

 

 

 

NET INCOME (LOSS)

$

(26,522)

$

(40,759)

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


(26,257)


$


(40,351)

 

 

 

 

 

Net income (loss) allocated to general
partner


$


(265)


$


(408)

 

 

 

 

 

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 29

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

2,207

$

179

Other income

 

-

 

-

 

 

2,207

 

179

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


123,094

 


-

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

15,121

 

16,667

Fund management fee, net (Note C) 

 

22,354

 

37,706

General and administrative expenses

 

11,244

 

10,147

 

 

48,719

 

64,520

 

 

 

 

 

NET INCOME (LOSS)

$

76,582

$

(64,341)

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


75,816


$


(63,698)

 

 

 

 

 

Net income (loss) allocated to general
partner


$


766


$


(643)

 

 

 

 

 

Net income (loss) per BAC

$

.02

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

1,588

$

127

Other income

 

2,049

 

1,243

 

 

3,637

 

1,370

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


41,555

 


265,984

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

16,371

 

15,030

Fund management fee, net (Note C) 

 

12,574

 

(19,291)

General and administrative expenses

 

9,423

 

8,649

 

 

38,368

 

4,388

 

 

 

 

 

NET INCOME (LOSS)

$

6,824

$

262,966

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


6,756


$


260,336

 

 

 

 

 

Net income (loss) allocated to general
partner


$


68


$


2,630

 

 

 

 

 

Net income (loss) per BAC

$

.00

$

.10



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

8,498

$

2,411

Other income

 

476

 

1,116

 

 

8,974

 

3,527

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


69,452

 


45,000

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

17,126

 

25,871

Fund management fee, net (Note C) 

 

34,127

 

41,898

General and administrative expenses

 

11,070

 

10,108

 

 

62,323

 

77,877

 

 

 

 

 

NET INCOME (LOSS)

$

16,103

$

(29,350)

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


15,942


$


(29,057)

 

 

 

 

 

Net income (loss) allocated to general
partner


$


161


$


(293)

 

 

 

 

 

Net income (loss) per BAC

$

.00

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

1,611

$

782

Other income

 

-

 

-

 

 

1,611

 

782

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


487,880

 


1,548,505

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

15,503

 

18,778

Fund management fee, net (Note C) 

 

41,881

 

46,240

General and administrative expenses

 

11,236

 

10,230

 

 

68,620

 

75,248

 

 

 

 

 

NET INCOME (LOSS)

$

420,871

$

1,474,039

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


416,662


$


1,459,299

 

 

 

 

 

Net income (loss) allocated to general
partner


$


4,209


$


14,740

 

 

 

 

 

Net income (loss) per BAC

$

.09

$

.31



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Six Months Ended September 30,

(Unaudited)

Series 33

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

1,772

$

179

Other income

 

2,536

 

-

 

 

4,308

 

179

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

13,676

 

12,993

Fund management fee, net (Note C) 

 

22,216

 

26,295

General and administrative expenses

 

9,106

 

8,454

 

 

44,998

 

47,742

 

 

 

 

 

NET INCOME (LOSS)

$

(40,690)

$

(47,563)

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


(40,283)


$


(47,087)

 

 

 

 

 

Net income (loss) allocated to general
partner


$


(407)


$


(476)

 

 

 

 

 

Net income (loss) per BAC

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

 

 

2018

 

2017

Income

Interest income

$

1,134

$

803

Other income

 

1,539

 

1,539

 

 

2,673

 

2,342

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


-

 


-

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

11,736

 

16,633

Fund management fee, net (Note C) 

 

20,532

 

20,532

General and administrative expenses

 

10,036

 

9,220

 

 

42,304

 

46,385

NET INCOME (LOSS)

$

(39,631)

$

(44,043)

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


(39,235)


$


(43,603)

 

 

 

 

 

Net income (loss) allocated to general
partner


$


(396)


$


(440)

 

 

 

 

 

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

16,237

$

3,635

$

3,115

$

799

Other income

 

-

 

2,818

 

420

 

526

16,237

6,453

 

3,535

 

1,325

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


2,653,528

Gain on Disposition of
Operating Partnerships

 


10,500

 


80,000

 

 

 

 

    

Expenses

    

Professional fees

 

11,911

 

15,974

 

22,612

 

20,884

Fund management fee, net (Note C)

 

14,706

 

32,503

 

42,485

 

56,858

General and administrative expenses

 

9,942

 

9,318

 

18,890

 

18,331

 

36,559

 

57,795

 

83,987

 

96,073

 

 

 

 

    

NET INCOME (LOSS)

$

(20,322)

$

2,602,186

$

(69,952)

$

(14,748)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(20,119)


$


2,576,164


$


(69,252)


$


(14,601)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(203)


$


26,022


$

 

(700)


$


(147)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

.78

$

(.02)

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 3627

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

9,687

$

3,300

$

44,222

$

19,993

Other income

 

5,119

 

3,968

 

1,366

 

17,473

 

14,806

 

7,268

 

45,588

 

37,466

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


243,163

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


3,291,567

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

55,250

 

16,790

 

16,741

 

79,116

Fund management fee, net (Note C)

 

11,706

 

13,342

 

10,525

 

22,678

General and administrative expenses

 

8,619

 

8,235

 

14,511

 

13,797

 

75,575

 

38,367

 

41,777

 

115,591

 

 

 

 

    

NET INCOME (LOSS)

$

182,394

$

(31,099)

$

3,811

$

3,213,442

 

 

 

 

    

Net income (loss) allocated to
assignees


$


180,570


$


(30,788)


$


3,773


$


3,181,308

 

 

 

 

    

Net income (loss) allocated to general
partner


$


1,824


$


(311)


$


38


$


32,134

 

 

 

 

    

Net income (loss) per BAC

$

.09

$

(.01)

$

.00

$

1.30



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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



Series 3728

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

    

Interest income

$

1,527

$

3,225

$

3,212

$

872

Other income

 

21,485

 

16,657

 

446

 

446

 

23,012

 

19,882

 

3,658

 

1,318

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


1,020,649

 


-

Gain on Disposition of
Operating Partnerships

 


8,500

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

11,221

 

15,970

 

14,429

 

16,372

Fund management fee, net (Note C)

 

5,562

 

16,984

 

21,436

 

24,532

General and administrative expenses

 

12,620

 

8,249

 

17,418

 

16,815

 

29,403

 

41,203

 

53,283

 

57,719

 

 

 

 

    

NET INCOME (LOSS)

$

1,014,258

$

(21,321)

$

(41,125)

$

(56,401)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


1,004,115


$


(21,108)


$


(40,714)


$


(55,837)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


10,143


$


(213)


$


(411)


$


(564)

 

 

 

 

    

Net income (loss) per BAC

$

.40

$

(.01)

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
SixNine Months Ended SeptemberDecember 31,
(Unaudited)

Series 29

  

2018

 

2017

Income

    

Interest income

$

3,313

$

493

Other income

 

-

 

-

  

3,313

 

493

     
     

Gain on Disposition of
Operating Partnerships

 


123,094

 


-

     

Expenses

    

Professional fees

 

17,244

 

17,325

Fund management fee, net (Note C) 

 

26,615

 

58,253

General and administrative expenses

 

18,184

 

17,560

  

62,043

 

93,138

     

NET INCOME (LOSS)

$

64,364

$

(92,645)

     

Net income (loss) allocated to 
assignees


$


63,720


$


(91,719)

     

Net income (loss) allocated to general
partner


$


644


$


(926)

     

Net income (loss) per BAC

$

.02

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 30

  

2018

 

2017

Income

    

Interest income

$

2,269

$

700

Other income

 

2,049

 

1,243

  

4,318

 

1,943

     
     

Gain on Disposition of
Operating Partnerships

 


195,182

 


265,984

     

Expenses

    

Professional fees

 

18,592

 

15,688

Fund management fee, net (Note C) 

 

18,242

 

(9,082)

General and administrative expenses

 

47,855

 

13,963

  

84,689

 

20,569

     

NET INCOME (LOSS)

$

114,811

$

247,358

     

Net income (loss) allocated to 
assignees


$


113,663


$


244,884

     

Net income (loss) allocated to general
partner


$


1,148


$


2,474

     

Net income (loss) per BAC

$

.04

$

.09



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 31

  

2018

 

2017

Income

    

Interest income

$

13,940

$

4,736

Other income

 

476

 

1,116

  

14,416

 

5,852

     
     

Gain on Disposition of
Operating Partnerships

 


105,794

 


45,000

     

Expenses

    

Professional fees

 

24,053

 

26,529

Fund management fee, net (Note C) 

 

50,192

 

60,990

General and administrative expenses

 

17,848

 

17,307

  

92,093

 

104,826

     

NET INCOME (LOSS)

$

28,117

$

(53,974)

     

Net income (loss) allocated to 
assignees


$


27,836


$


(53,434)

     

Net income (loss) allocated to general
partner


$


281


$


(540)

     

Net income (loss) per BAC

$

.01

$

(.01)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 32

  

2018

 

2017

Income

    

Interest income

$

1,697

$

2,930

Other income

 

-

 

11,000

  

1,697

 

13,930

     
     

Gain on Disposition of
Operating Partnerships

 


487,880

 


1,677,252

     

Expenses

    

Professional fees

 

22,552

 

19,436

Fund management fee, net (Note C) 

 

60,175

 

63,474

General and administrative expenses

 

18,395

 

21,626

  

101,122

 

104,536

     

NET INCOME (LOSS)

$

388,455

$

1,586,646

     

Net income (loss) allocated to 
assignees


$


384,570


$


1,570,780

     

Net income (loss) allocated to general
partner


$


3,885


$


15,866

     

Net income (loss) per BAC

$

.08

$

.33



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Nine Months Ended December 31,

(Unaudited)

Series 33

  

2018

 

2017

Income

    

Interest income

$

2,752

$

511

Other income

2,536

5,329

  

5,288

 

5,840

     
     

Gain on Disposition of
Operating Partnerships

 


-

 


67,454

     

Expenses

    

Professional fees

 

15,160

 

13,651

Fund management fee, net (Note C) 

 

31,535

 

23,109

General and administrative expenses

 

14,004

 

13,345

  

60,699

 

50,105

     

NET INCOME (LOSS)

$

(55,411)

$

23,189

     

Net income (loss) allocated to 
assignees


$


(54,857)


$


22,957

     

Net income (loss) allocated to general
partner


$


(554)


$


232

     

Net income (loss) per BAC

$

(.02)

$

.01



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 34

  

2018

 

2017

Income

Interest income

$

1,984

$

1,448

Other income

 

1,539

 

1,539

  

3,523

 

2,987

     
     

Gain on Disposition of
Operating Partnerships

 


-

 


-

     

Expenses

    

Professional fees

 

13,519

 

17,291

Fund management fee, net (Note C) 

 

32,897

 

32,897

General and administrative expenses

 

15,960

 

15,123

  

62,376

 

65,311

NET INCOME (LOSS)

$

(58,853)

$

(62,324)

     

Net income (loss) allocated to 
assignees


$


(58,264)


$


(61,701)

     

Net income (loss) allocated to general
partner


$


(589)


$


(623)

     

Net income (loss) per BAC

$

(.02)

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 35

  

2018

 

2017

Income

    

Interest income

$

25,453

$

9,031

Other income

 

-

 

2,818

25,453

11,849

     
     

Gain on Disposition of
Operating Partnerships

 


-

 


2,653,528

     

Expenses

Professional fees

 

18,579

 

16,632

Fund management fee, net (Note C) 

 

18,759

 

39,956

General and administrative expenses

 

15,513

 

14,895

  

52,851

 

71,483

     

NET INCOME (LOSS)

$

(27,398)

$

2,593,894

     

Net income (loss) allocated to 
assignees


$


(27,124)


$


2,567,955

     

Net income (loss) allocated to general
partner


$


(274)


$


25,939

     

Net income (loss) per BAC

$

(.01)

$

.78



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 36

  

2018

 

2017

Income

    

Interest income

$

15,772

$

5,764

Other income

 

5,119

 

3,968

  

20,891

 

9,732

     
     

Gain on Disposition of
Operating Partnerships

 


253,104

 


-

     

Expenses

    

Professional fees

 

67,005

 

17,448

Fund management fee, net (Note C) 

 

13,481

 

20,968

General and administrative expenses

 

12,954

 

12,507

  

93,440

 

50,923

     

NET INCOME (LOSS)

$

180,555

$

(41,191)

     

Net income (loss) allocated to 
assignees


$


178,749


$


(40,779)

     

Net income (loss) allocated to general
partner


$


1,806


$


(412)

     

Net income (loss) per BAC

$

.09

$

(.02)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 37

  

2018

 

2017

Income

Interest income

$

1,784

$

4,368

Other income

 

21,485

 

16,657

  

23,269

 

21,025

     
     

Gain on Disposition of
Operating Partnerships

 


1,062,375

 


140,415

     

Expenses

    

Professional fees

 

13,306

 

16,628

Fund management fee, net (Note C) 

 

5,562

 

27,941

General and administrative expenses

 

50,977

 

12,567

  

69,845

 

57,136

     

NET INCOME (LOSS)

$

1,015,799

$

104,304

     

Net income (loss) allocated to 
assignees


$


1,005,641


$


103,261

     

Net income (loss) allocated to general
partner


$


10,158


$


1,043

     

Net income (loss) per BAC

$

.40

$

.04



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 38

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

4,556

$

3,346

$

5,374

$

6,938

Other income

 

50,000

 

10,546

 

70,202

 

17,566

 

54,556

 

13,892

 

75,576

 

24,504

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


7,000

 


-

Gain on Disposition of
Operating Partnerships

 


7,000

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

12,216

 

17,801

 

13,675

 

18,459

Fund management fee, net (Note C)

 

31,815

 

35,968

 

42,396

 

44,002

General and administrative expenses

 

9,025

 

8,561

 

13,845

 

13,369

 

53,056

 

62,330

 

69,916

 

75,830

 

 

 

 

    

NET INCOME (LOSS)

$

8,500

$

(48,438)

$

12,660

$

(51,326)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


8,415


$


(47,954)


$


12,533


$


(50,813)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


85


$


(484)


$


127


$


(513)

 

 

 

 

    

Net income (loss) per BAC

$

.00

$

(.02)

$

.00

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 39

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

-

$

694

$

-

$

870

Other income

 

-

 

386

 

-

 

386

 

-

 

1,080

 

-

 

1,256

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


17,779

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

-

 

17,980

 

-

 

19,295

Fund management fee, net (Note C)

 

-

 

3,418

 

-

 

5,130

General and administrative expenses

 

-

 

8,185

 

-

 

42,679

 

-

 

29,583

 

-

 

67,104

 

 

 

 

    

NET INCOME (LOSS)

$

-

$

(28,503)

$

-

$

(48,069)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


-


$


(28,218)


$


-


$


(47,588)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


-


$


(285)


$


-


$


(481)

 

 

 

 

    

Net income (loss) per BAC

$

-

$

(.01)

$

-

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 40

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

1,418

$

93

$

2,395

$

923

Other income

1,250

2,910

1,250

5,172

 

2,668

 

3,003

 

3,645

 

6,095

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


44,500

 


588,952

Gain on Disposition of
Operating Partnerships

 


44,500

 


588,952

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

16,741

 

21,453

 

18,131

 

22,111

Fund management fee, net (Note C)

 

45,638

 

58,475

 

69,028

 

73,594

General and administrative expenses

 

9,248

 

8,529

 

14,594

 

13,758

 

71,627

 

88,457

 

101,753

 

109,463

 

 

 

 

    

NET INCOME (LOSS)

$

(24,459)

$

503,498

$

(53,608)

$

485,584

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(24,214)


$


498,463


$


(53,072)


$


480,728

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(245)


$


5,035


$


(536)


$


4,856

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

.19

$

(.02)

$

.18



The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 41

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

Interest income

$

2,077

$

409

$

3,242

$

1,480

Other income

 

41,340

 

11,143

 

37,141

 

13,908

 

43,417

 

11,552

 

40,383

 

15,388

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


14,000

 


719,829

Gain on Disposition of
Operating Partnerships

 


14,000

 


782,887

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

24,071

 

22,404

 

25,691

 

23,062

Fund management fee, net (Note C)

 

57,860

 

103,637

 

90,022

 

141,487

General and administrative expenses

 

14,061

 

9,206

 

16,069

 

17,027

 

95,992

 

135,247

 

131,782

 

181,576

 

 

 

 

    

NET INCOME (LOSS)

$

(38,575)

$

596,134

$

(77,399)

$

616,699

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(38,189)


$


590,173


$


(76,625)


$


610,532

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(386)


$


5,961


$


(774)


$


6,167

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

.20

$

(.03)

$

.21



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 42

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

6,986

$

672

$

11,761

$

6,138

Other income

 

6,591

 

15,789

 

20,325

 

15,960

 

13,577

 

16,461

 

32,086

 

22,098

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


42,500

 


-

Gain on Disposition of
Operating Partnerships

 


54,322

 


262,279

Expenses

 

 

 

 

    

Professional fees

 

21,826

 

19,678

 

23,325

 

20,336

Fund management fee, net (Note C)

 

33,396

 

78,792

 

56,827

 

113,842

General and administrative expenses

 

9,319

 

8,888

 

15,148

 

14,961

 

64,541

 

107,358

 

95,300

 

149,139

 

 

 

 

    

NET INCOME (LOSS)

$

(8,464)

$

(90,897)

$

(8,892)

$

135,238

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(8,379)


$


(89,988)


$


(8,803)


$


133,886

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(85)


$


(909)


$


(89)


$


1,352

 

 

 

 

    

Net income (loss) per BAC

$

(.00)

$

(.03)

$

(.00)

$

.05



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 43

  

2018

 

2017

Income

    

Interest income

$

4,730

$

5,156

Other income

 

48,808

 

40,981

  

53,538

 

46,137

     
     

Gain on Disposition of
Operating Partnerships

 


75,520

 


225,500

     

Expenses

    

Professional fees

 

25,094

 

23,379

Fund management fee, net (Note C) 

 

78,206

 

150,203

General and administrative expenses

 

17,735

 

17,057

  

121,035

 

190,639

     

NET INCOME (LOSS)

$

8,023

$

80,998

     

Net income (loss) allocated to 
assignees


$


7,943


$


80,188

     

Net income (loss) allocated to general
partner


$


80


$


810

     

Net income (loss) per BAC

$

.00

$

.02



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 4344

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

3,296

$

194

$

439

$

74

Other income

 

49,644

 

40,981

 

14,613

 

18,760

 

52,940

 

41,175

 

15,052

 

18,834

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


9,000

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

23,336

 

22,721

 

15,809

 

24,884

Fund management fee, net (Note C)

 

72,674

 

95,956

 

144,338

 

146,356

General and administrative expenses

 

11,236

 

9,560

 

14,879

 

14,015

 

107,246

 

128,237

 

175,026

 

185,255

 

 

 

 

    

NET INCOME (LOSS)

$

(45,306)

$

(87,062)

$

(159,974)

$

(166,421)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(44,853)


$


(86,191)


$


(158,374)


$


(164,757)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(453)


$


(871)


$


(1,600)


$


(1,664)

 

 

 

 

    

Net income (loss) per BAC

$

(.01)

$

(.02)

$

(.06)

$

(.06)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 4445

 

 

 

 

2018

 

2017

 

2018

 

2017

Income

 

 

 

 

    

Interest income

$

244

$

13

$

6,470

$

1,752

Other income

 

13,800

 

11,864

 

26,708

 

27,833

 

14,044

 

11,877

 

33,178

 

29,585

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


342,500

 


-

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

14,286

 

24,226

 

33,169

 

48,168

Fund management fee, net (Note C)

 

90,656

 

114,651

 

167,442

 

193,206

General and administrative expenses

 

9,339

 

8,637

 

20,368

 

19,978

 

114,281

 

147,514

 

220,979

 

261,352

 

 

 

 

    

NET INCOME (LOSS)

$

(100,237)

$

(135,637)

$

154,699

$

(231,767)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(99,235)


$


(134,281)


$


153,152


$


(229,449)

 

 

 

 

Net income (loss) allocated to general
partner


$


(1,002)


$


(1,356)


$


1,547


$


(2,318)

 

 

 

 

    

Net income (loss) per BAC

$

(.04)

$

(.05)

$

.04

$

(.06)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

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

Series 45

 

 

2018

 

2017

Income

 

 

 

 

Interest income

$

3,593

$

899

Other income

 

26,321

 

27,833

 

 

29,914

 

28,732

 

 

 

 

 

 

 

 

 

 

Share of income from 
Operating Partnerships (Note D)

 


342,500

 


-

 

 

 

 

 

Expenses

 

 

 

 

Professional fees

 

31,291

 

42,889

Fund management fee, net (Note C) 

 

104,532

 

124,852

General and administrative expenses

 

11,361

 

11,015

 

 

147,184

 

178,756

 

 

 

 

 

NET INCOME (LOSS)

$

225,230

$

(150,024)

 

 

 

 

 

Net income (loss) allocated to 
assignees


$


222,978


$


(148,524)

Net income (loss) allocated to general
partner


$


2,252


$


(1,500)

 

 

 

 

 

Net income (loss) per BAC

$

.06

$

(.04)



The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

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

Series 46

 

 

 

2018

2017

2018

2017

Income

 

 

 

 

    

Interest income

$

1,623

$

549

$

2,937

$

1,273

Other income

 

33,204

 

17,380

 

33,204

 

33,728

 

34,827

 

17,929

 

36,141

 

35,001

 

 

 

 

    

 

 

 

 

    

Share of income from
Operating Partnerships (Note D)

 


-

 


-

Gain on Disposition of
Operating Partnerships

 


-

 


10,994

 

 

 

 

    

Expenses

 

 

 

 

    

Professional fees

 

18,636

 

20,299

 

20,243

 

20,957

Fund management fee, net (Note C)

 

93,791

 

93,970

 

143,090

 

139,338

General and administrative expenses

 

9,859

 

9,154

 

16,582

 

15,645

 

122,286

 

123,423

 

179,915

 

175,940

 

 

 

 

    

NET INCOME (LOSS)

$

(87,459)

$

(105,494)

$

(143,774)

$

(129,945)

 

 

 

 

    

Net income (loss) allocated to
assignees


$


(86,584)


$


(104,439)


$


(142,336)


$


(128,646)

 

 

 

 

    

Net income (loss) allocated to general
partner


$


(875)


$


(1,055)


$


(1,438)


$


(1,299)

 

 

 

 

    

Net income (loss) per BAC

$

(.03)

$

(.04)

$

(.05)

$

(.04)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)

 

 

 

 

 

 

       


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



2,931,035



$



(6,008,922)



$



(3,077,887)



$



2,931,035



$



(6,008,922)



$



(3,077,887)

 

 

 

 

 

 

      

Contributions

 

-

 

5,403,788

 

5,403,788

      

Distributions

 

(307,853)

 

(3,110)

 

(310,963)

 

(1,328,390)

 

(3,110)

 

(1,331,500)

 

 

 

 

 

 

      

Net income (loss)

 

1,476,735

 

14,916

 

1,491,651

 

1,291,810

 

13,049

 

1,304,859

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



4,099,917



$



(5,997,116)



$



(1,897,199)

Partners' capital
(deficit),
December 31, 2018



$



2,894,455



$



(595,195)



$



2,299,260




































The accompanying notes are an integral part of this condensed statement


Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 20

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



(882,456)



$



(320,280)



$



(1,202,736)



$



(882,456)



$



(320,280)



$



(1,202,736)

      

Contributions

 

-

 

1,073,757

 

1,073,757

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

127,420

 

1,287

 

128,707

 

127,689

 

1,290

 

128,979

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



(755,036)



$



(318,993)



$



(1,074,029)

Partners' capital
(deficit),
December 31, 2018



$



(754,767)



$



754,767



$



-



 


Assignees

 

General
Partner

 


Total

Series 21

      

Partners' capital
(deficit)
  April 1, 2018



$



(898,231)



$



898,231



$



-

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

-

 

-

 

-

       

Partners' capital
(deficit),
  December 31, 2018



$



(898,231)



$



898,231



$



-



 


Assignees

 

General
Partner

 


Total

Series 22

      

Partners' capital
(deficit)
  April 1, 2018



$



(2,410,599)



$



(245,646)



$



(2,656,245)

       

Contributions

 

-

 

2,694,389

 

2,694,389

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(37,763)

 

(381)

 

(38,144)

       

Partners' capital
(deficit),
  December 31, 2018



$



(2,448,362)



$



2,448,362



$



-

 


 


Assignees

 

General
Partner

 


Total

Series 21

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(898,231)



$



898,231



$



-

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

-

 

-

 

-

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(898,231)



$



898,231



$



-


 


Assignees

 

General
Partner

 


Total

Series 22

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(2,410,599)



$



(245,646)



$



(2,656,245)

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(31,771)

 

(321)

 

(32,092)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(2,442,370)



$



(245,967)



$



(2,688,337)






The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 23

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(197,532)



$



(289,719)



$



(487,251)

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(25,186)

 

(254)

 

(25,440)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(222,718)



$



(289,973)



$



(512,691)


 


Assignees

 

General
Partner

 


Total

Series 24

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



623,279



$



(174,767)



$



448,512

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(41,257)

 

(417)

 

(41,674)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



582,022



$



(175,184)



$



406,838


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 25

 

 

 

 

 

 

Series 23

      

Partners' capital
(deficit)
April 1, 2018



$



219,815



$



(219,815)



$



-



$



(197,532)



$



(289,719)



$



(487,251)

      

Contributions

 

-

 

514,253

 

514,253

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

-

 

-

 

-

(26,732)

(270)

(27,002)

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



219,815



$



(219,815)



$



-

Partners' capital
(deficit),
December 31, 2018



$



(224,264)



$



224,264



$



-



 


Assignees

 

General
Partner

 


Total

Series 24

      

Partners' capital
(deficit)
  April 1, 2018



$



623,279



$



(174,767)



$



448,512

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(33,543)

 

(339)

 

(33,882)

       

Partners' capital
(deficit),
  December 31, 2018



$



589,736



$



(175,106)



$



414,630





 


Assignees

 

General
Partner

 


Total

Series 25

      

Partners' capital
(deficit)
  April 1, 2018



$



219,815



$



(219,815)



$



-

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

-

 

-

 

-

       

Partners' capital
(deficit),
  December 31, 2018



$



219,815



$



(219,815)



$



-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 26

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



954,178



$



(311,920)



$



642,258

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(47,075)

 

(476)

 

(47,551)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



907,103



$



(312,396)



$



594,707


 


Assignees

 

General
Partner

 


Total

Series 27

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



6,938,381



$



(138,448)



$



6,799,933

 

 

 

 

 

 

 

Distributions

 

(307,853)

 

(3,110)

 

(310,963)

 

 

 

 

 

 

 

Net income (loss)

 

(9,302)

 

(94)

 

(9,396)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



6,621,226



$



(141,652)



$



6,479,574

 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 28

 

 

 

 

 

 

Series 26

      

Partners' capital
(deficit)
April 1, 2018



$



1,016,975



$



(274,411)



$



742,564



$



954,178



$



(311,920)



$



642,258

      

Contributions

 

-

 

-

 

-

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

(26,257)

 

(265)

 

(26,522)

 

(69,252)

 

(700)

 

(69,952)

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



990,718



$



(274,676)



$



716,042

Partners' capital
(deficit),
December 31, 2018



$



884,926



$



(312,620)



$



572,306



 


Assignees

 

General
Partner

 


Total

Series 27

      

Partners' capital
(deficit)
  April 1, 2018



$



6,938,381



$



(138,448)



$



6,799,933

       

Contributions

 

-

 

-

 

-

       

Distributions

 

(307,853)

 

(3,110)

 

(310,963)

       

Net income (loss)

 

3,773

 

38

 

3,811

       

Partners' capital
(deficit),
  December 31, 2018



$



6,634,301



$



(141,520)



$



6,492,781




 


Assignees

 

General
Partner

 


Total

Series 28

      

Partners' capital
(deficit)
  April 1, 2018



$



1,016,975



$



(274,411)



$



742,564

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(40,714)

 

(411)

 

(41,125)

       

Partners' capital
(deficit),
  December 31, 2018



$



976,261



$



(274,822)



$



701,439


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 29

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



(2,570,004)



$



(368,028)



$



(2,938,032)



$



(2,570,004)



$



(368,028)



$



(2,938,032)

      

Contributions

 

-

 

-

 

-

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

75,816

 

766

 

76,582

 

63,720

 

644

 

64,364

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



(2,494,188)



$



(367,262)



$



(2,861,450)

Partners' capital
(deficit),
December 31, 2018



$



(2,506,284)



$



(367,384)



$



(2,873,668)



 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 30

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



(996,782)



$



(239,418)



$



(1,236,200)



$



(996,782)



$



(239,418)



$



(1,236,200)

      

Contributions

 

-

 

1,121,389

 

1,121,389

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

6,756

 

68

 

6,824

 

113,663

 

1,148

 

114,811

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



(990,026)



$



(239,350)



$



(1,229,376)

Partners' capital
(deficit),
December 31, 2018



$



(883,119)



$



883,119



$



-



 


Assignees

 

General
Partner

 


Total

Series 31

      

Partners' capital
(deficit)
  April 1, 2018



$



2,290,341



$



(359,955)



$



1,930,386

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

27,836

 

281

 

28,117

       

Partners' capital
(deficit),
  December 31, 2018



$



2,318,177



$



(359,674)



$



1,958,503

 


 


Assignees

 

General
Partner

 


Total

Series 31

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



2,290,341



$



(359,955)



$



1,930,386

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

15,942

 

161

 

16,103

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



2,306,283



$



(359,794)



$



1,946,489






The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 32

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



47,520



$



(409,988)



$



(362,468)



$



47,520



$



(409,988)



$



(362,468)

      

Contributions

 

-

 

-

 

-

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

416,662

 

4,209

 

420,871

 

384,570

 

3,885

 

388,455

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



464,182



$



(405,779)



$



58,403

Partners' capital
(deficit),
December 31, 2018



$



432,090



$



(406,103)



$



25,987



 


Assignees

 

General
Partner

 


Total

Series 33

      

Partners' capital
(deficit)
  April 1, 2018



$



(567,133)



$



(233,789)



$



(800,922)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(54,857)

 

(554)

 

(55,411)

       

Partners' capital
(deficit),
  December 31, 2018



$



(621,990)



$



(234,343)



$



(856,333)



 


Assignees

 

General
Partner

 


Total

Series 34

      

Partners' capital
(deficit)
  April 1, 2018



$



(2,120,686)



$



(324,845)



$



(2,445,531)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(58,264)

 

(589)

 

(58,853)

       

Partners' capital
(deficit),
  December 31, 2018



$



(2,178,950)



$



(325,434)



$



(2,504,384)

 


 


Assignees

 

General
Partner

 


Total

Series 33

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(567,133)



$



(233,789)



$



(800,922)

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(40,283)

 

(407)

 

(40,690)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(607,416)



$



(234,196)



$



(841,612)


 


Assignees

 

General
Partner

 


Total

Series 34

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(2,120,686)



$



(324,845)



$



(2,445,531)

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(39,235)

 

(396)

 

(39,631)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(2,159,921)



$



(325,241)



$



(2,485,162)




The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 35

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



4,666,048



$



(237,742)



$



4,428,306



$



4,666,048



$



(237,742)



$



4,428,306

      

Contributions

 

-

 

-

 

-

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

(20,119)

 

(203)

 

(20,322)

 

(27,124)

 

(274)

 

(27,398)

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



4,645,929



$



(237,945)



$



4,407,984

Partners' capital
(deficit),
December 31, 2018



$



4,638,924



$



(238,016)



$



4,400,908



 


Assignees

 

General
Partner

 


Total

Series 36

      

Partners' capital
(deficit)
  April 1, 2018



$



2,133,963



$



(158,913)



$



1,975,050

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

178,749

 

1,806

 

180,555

       

Partners' capital
(deficit),
  December 31, 2018



$



2,312,712



$



(157,107)



$



2,155,605



 


Assignees

 

General
Partner

 


Total

Series 37

      

Partners' capital
(deficit)
  April 1, 2018



$



220,255



$



(215,517)



$



4,738

Contributions

 

-

 

-

 

-

       

Distributions

 

(1,020,537)

 

-

 

(1,020,537)

       

Net income (loss)

 

1,005,641

 

10,158

 

1,015,799

       

Partners' capital
(deficit),
  December 31, 2018



$



205,359



$



(205,359)



$



-

 


 


Assignees

 

General
Partner

 


Total

Series 36

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



2,133,963



$



(158,913)



$



1,975,050

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

180,570

 

1,824

 

182,394

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



2,314,533



$



(157,089)



$



2,157,444


 


Assignees

 

General
Partner

 


Total

Series 37

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



220,255



$



(215,517)



$



4,738

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

1,004,115

 

10,143

 

1,014,258

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



1,224,370



$



(205,374)



$



1,018,996






The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 38

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



1,677,456



$



(203,545)



$



1,473,911



$



1,677,456



$



(203,545)



$



1,473,911

Contributions

-

-

-

 

 

 

 

 

 

Distributions

-

-

-

-

-

-

Net income (loss)

8,415

85

8,500

12,533

127

12,660

 

 

 

 

 

 

Partners' capital
(deficit),
September 30, 2018



$



1,685,871



$



(203,460)



$



1,482,411

Partners' capital
(deficit),
December 31, 2018



$



1,689,989



$



(203,418)



$



1,486,571



 


Assignees

 

General
Partner

 


Total

Series 39

      

Partners' capital
(deficit)
  April 1, 2018



$



196,043



$



(196,043)



$



-

       

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

-

-

-

       

Partners' capital
(deficit),
  December 31, 2018



$



196,043



$



(196,043)



$



-



 


Assignees

 

General
Partner

 


Total

Series 40

      

Partners' capital
(deficit)
  April 1, 2018



$



(1,737,068)



$



(244,762)



$



(1,981,830)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(53,072)

 

(536)

 

(53,608)

       

Partners' capital
(deficit),
  December 31, 2018



$



(1,790,140)



$



(245,298)



$



(2,035,438)

 


 


Assignees

 

General
Partner

 


Total

Series 39

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



196,043



$



(196,043)



$



-

 

 

 

 

 

 

 

Distributions

-

-

-

Net income (loss)

-

-

-

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



196,043



$



(196,043)



$



-


 


Assignees

 

General
Partner

 


Total

Series 40

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(1,737,068)



$



(244,762)



$



(1,981,830)

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(24,214)

 

(245)

 

(24,459)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(1,761,282)



$



(245,007)



$



(2,006,289)





The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 41

 

 

 

 

 

 

      

Partners' capital
(deficit)
April 1, 2018



$



(1,881,761)



$



(270,693)



$



(2,152,454)



$



(1,881,761)



$



(270,693)



$



(2,152,454)

      

Contributions

 

-

 

-

 

-

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

(38,189)

 

(386)

 

(38,575)

 

(76,625)

 

(774)

 

(77,399)

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



(1,919,950)



$



(271,079)



$



(2,191,029)

Partners' capital
(deficit),
December 31, 2018



$



(1,958,386)



$



(271,467)



$



(2,229,853)



 


Assignees

 

General
Partner

 


Total

Series 42

      

Partners' capital
(deficit)
  April 1, 2018



$



1,565,620



$



(227,557)



$



1,338,063

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(8,803)

 

(89)

 

(8,892)

       

Partners' capital
(deficit),
  December 31, 2018



$



1,556,817



$



(227,646)



$



1,329,171



 


Assignees

 

General
Partner

 


Total

Series 43

      

Partners' capital
(deficit)
  April 1, 2018



$



235,085



$



(322,394)



$



(87,309)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

7,943

 

80

 

8,023

       

Partners' capital
(deficit),
  December 31, 2018



$



243,028



$



(322,314)



$



(79,286)

 


 


Assignees

 

General
Partner

 


Total

Series 42

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



1,565,620



$



(227,557)



$



1,338,063

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(8,379)

 

(85)

 

(8,464)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



1,557,241



$



(227,642)



$



1,329,599


 


Assignees

 

General
Partner

 


Total

Series 43

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



235,085



$



(322,394)



$



(87,309)

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(44,853)

 

(453)

 

(45,306)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



190,232



$



(322,847)



$



(132,615)






The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

SixNine Months Ended September 30,December 31, 2018
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 44

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(2,481,212)



$



(264,909)



$



(2,746,121)

 

 

 

 

 

 

 

Distributions

 

-

 

-

 

-

 

 

 

 

 

 

 

Net income (loss)

 

(99,235)

 

(1,002)

 

(100,237)

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(2,580,447)



$



(265,911)



$



(2,846,358)


 


Assignees

 

General
Partner

 


Total

Series 45

 

 

 

 

 

 

Partners' capital
(deficit)
  April 1, 2018



$



(1,985,417)



$



(377,289)



$



(2,362,706)

 

 

 

 

 

 

 

Distributions

-

-

-

Net income (loss)

222,978

2,252

225,230

 

 

 

 

 

 

 

Partners' capital
(deficit),
  September 30, 2018



$



(1,762,439)



$



(375,037)



$



(2,137,476)


 


Assignees

 

General
Partner

 


Total

 


Assignees

 

General
Partner

 


Total

Series 46

 

 

 

 

 

 

Series 44

      

Partners' capital
(deficit)
April 1, 2018



$



(1,125,043)



$



(276,760)



$



(1,401,803)



$



(2,481,212)



$



(264,909)



$



(2,746,121)

      

Contributions

 

-

 

-

 

-

 

 

 

 

 

 

      

Distributions

 

-

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

      

Net income (loss)

 

(86,584)

 

(875)

 

(87,459)

 

(158,374)

 

(1,600)

 

(159,974)

 

 

 

 

 

 

      

Partners' capital
(deficit),
September 30, 2018



$



(1,211,627)



$



(277,635)



$



(1,489,262)

Partners' capital
(deficit),
December 31, 2018



$



(2,639,586)



$



(266,509)



$



(2,906,095)



 


Assignees

 

General
Partner

 


Total

Series 45

      

Partners' capital
(deficit)
  April 1, 2018



$



(1,985,417)



$



(377,289)



$



(2,362,706)

       

Contributions

-

-

-

Distributions

-

-

-

Net income (loss)

153,152

1,547

154,699

       

Partners' capital
(deficit),
  December 31, 2018



$



(1,832,265)



$



(375,742)



$



(2,208,007)





 


Assignees

 

General
Partner

 


Total

Series 46

      

Partners' capital
(deficit)
  April 1, 2018



$



(1,125,043)



$



(276,760)



$



(1,401,803)

       

Contributions

 

-

 

-

 

-

       

Distributions

 

-

 

-

 

-

       

Net income (loss)

 

(142,336)

 

(1,438)

 

(143,774)

       

Partners' capital
(deficit),
  December 31, 2018



$



(1,267,379)



$



(278,198)



$



(1,545,577)


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

1,491,651

$

8,601,181

$

1,304,859

$

9,020,023

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


(2,619,630)

 


(10,250,429)

Gain on Disposition
Operating Partnerships

 


(3,086,786)

 


(11,305,952)

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


6,000

 


(16,847)

 


987,419

 


(46,259)

Decrease (Increase) in other
assets

 


-

 


(11,300)

 


-

 


1,285

(Decrease) Increase in accounts
payable affiliates

 


(3,839,107)

 


(4,585,437)

 


(4,368,397)

 


(6,979,847)

Net cash (used in) provided by
operating activities

 


(4,961,086)

 


(6,262,832)

 


(5,162,905)

 


(9,310,750)

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


(19,011)

Proceeds from the disposition of Operating Partnerships

 


2,580,529

 


10,210,466

 


2,954,134

 


11,061,047

Net cash (used in) provided by
investing activities

 


2,580,529

 


10,210,466

 


2,954,134

 


11,042,036

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

(310,963)

 

-

(1,331,500)

(420,163)

Net cash used in
financing activities

 


(310,963)

 


-


(1,331,500)


(420,163)

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(2,691,520)

 


3,947,634

 


(3,540,271)

 


1,311,123

Cash and cash equivalents, beginning

 

27,208,717

 

27,209,997

 

27,208,717

 

27,209,997

Cash and cash equivalents, ending

$

24,517,197

$

31,157,631

$

23,668,446

$

28,521,120

 

The accompanying notes are an integral part of this condensed statement












Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 20

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

128,707

$

(32,561)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships



(155,337)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets



-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(188,017)

 


11,071

Net cash (used in) provided by 
operating activities

 


(214,647)

 


(21,490)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


155,337

 


-

Net cash (used in) provided by
investing activities

 


155,337

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(59,310)

 


(21,490)

Cash and cash equivalents, beginning

 

241,987

 

271,060

Cash and cash equivalents, ending

$

182,677

$

249,570

Supplemental schedule of noncash

investing and financing activities:

 

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





$





5,403,788





$





1,070,891

 

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




$




-




$




127,351


The accompanying notes are an integral part of this condensed statement










Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 21

 

 

2018

 

2017

Cash flows from operating activities:

Net income (loss)

$

-

$

(21,581)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


5,438

Net cash (used in) provided by 
operating activities

 


-

 


(16,143)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

Cash flows from financing activities:

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


(16,143)

Cash and cash equivalents, beginning

 

-

 

241,102

Cash and cash equivalents, ending

$

-

$

224,959


The accompanying notes are an integral part of this condensed statement






Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 22

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(32,092)

$

(35,064)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(12,148)

 


14,606

Net cash (used in) provided by 
operating activities

 


(44,240)

 


(20,458)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(44,240)

 


(20,458)

Cash and cash equivalents, beginning

 

221,864

 

252,064

Cash and cash equivalents, ending

$

177,624

$

231,606


The accompanying notes are an integral part of this condensed statement








Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 23

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(25,440)

$

930,788

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

 

 

 

 

Share of (income) from 
   Operating Partnerships


-


(959,665)

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


5,000

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(238,888)

 


(477,438)

Net cash (used in) provided by 
operating activities

 


(264,328)

 


(501,315)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


-

 


959,665

Net cash (used in) provided by
investing activities

 


-

 


959,665

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(264,328)

 


458,350

Cash and cash equivalents, beginning

 

446,136

 

659,167

Cash and cash equivalents, ending

$

181,808

$

1,117,517


The accompanying notes are an integral part of this condensed statement










Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 2420

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

(41,674)

$

(44,781)

$

128,979

$

(3,202)

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


-

 


-

Gain on Disposition
Operating Partnerships



(197,337)

 


(42,000)

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


(5,000)

 


-

 


-

 


2,000

Decrease (Increase) in other
assets

 


-

 


-



-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


-

 


(370,966)

 


16,607

Net cash (used in) provided by
operating activities



(46,674)

 


(44,781)

 


(439,324)

 


(26,595)

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


-

 


197,337

 


42,000

Net cash (used in) provided by
investing activities

 


-

 


-

 


197,337

 


42,000

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

-

-

Net cash used in
financing activities

 


-

 


-


-


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(46,674)

 


(44,781)

 


(241,987)

 


15,405

Cash and cash equivalents, beginning

 

453,512

 

427,181

 

241,987

 

271,060

Cash and cash equivalents, ending

$

406,838

$

382,400

$

-

$

286,465

 

Supplemental schedule of noncash

investing and financing activities:

 

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





$





1,073,757





$





-

 

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




$




-




$




-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 21

  

2018

 

2017

Cash flows from operating activities:

Net income (loss)

$

-

$

9,244

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

    

Gain on Disposition 
   Operating Partnerships



-

 


(67,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets



-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(250,346)

Net cash (used in) provided by 
operating activities

 


-

 


(308,102)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


67,000

Net cash (used in) provided by
investing activities

 


-

 


67,000

Cash flows from financing activities:

Distributions

-

-

Net cash used in
financing activities


-


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


(241,102)

Cash and cash equivalents, beginning

 

-

 

241,102

Cash and cash equivalents, ending

$

-

$

-

Supplemental schedule of noncash

investing and financing activities:

 

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





$





-





$





1,070,891

 

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




$




-




$




-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 22

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(38,144)

$

(48,307)

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

    

Gain on Disposition 
   Operating Partnerships

 


(38,000)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(183,720)

 


21,909

Net cash (used in) provided by 
operating activities

 


(259,864)

 


(26,398)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


38,000

 


-

Net cash (used in) provided by
investing activities

 


38,000

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(221,864)

 


(26,398)

Cash and cash equivalents, beginning

 

221,864

 

252,064

Cash and cash equivalents, ending

$

-

$

225,666

Supplemental schedule of noncash

investing and financing activities:

 

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





$





2,694,389





$





-

      
 

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 2523

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

-

$

75,793

$

(27,002)

$

951,455

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


-

 


(97,399)

Gain on Disposition
Operating Partnerships


(43,500)


(989,962)

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


6,912

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


-

 


(419,134)

 


(471,882)

Net cash (used in) provided by
operating activities

 


-

 


(14,694)

 


(489,636)

 


(510,389)

Cash flows from investing activities:

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


97,399

 


43,500

 


989,962

Net cash (used in) provided by
investing activities

 


-

 


97,399

 


43,500

 


989,962

-

-

Cash flows from financing activities:

 

 

 

 

    

Distributions

 

-

 

-

 

-

 

-

Net cash used in
financing activities

 


-

 


-

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


82,705

 


(446,136)

 


479,573

Cash and cash equivalents, beginning

 

-

 

344,461

 

446,136

 

659,167

Cash and cash equivalents, ending

$

-

$

427,166

$

-

$

1,138,740

 


The accompanying notes are an integral part of this condensed statement










Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 26

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(47,551)

$

8,646

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(10,500)

 


(80,000)

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


6,000

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


(58,051)

 


(65,354)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


10,500

 


80,000

Net cash (used in) provided by
investing activities

 


10,500

 


80,000

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(47,551)

 


14,646

Cash and cash equivalents, beginning

 

642,258

 

677,679

Cash and cash equivalents, ending

$

594,707

$

692,325

Supplemental schedule of noncash

investing and financing activities:

 

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





$





514,253





$





-

      
 

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 2724

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

(9,396)

$

3,205,649

$

(33,882)

$

(62,114)

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


-

 


(3,291,567)

Gain on Disposition
Operating Partnerships

 


(23,678)

 


-

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


(31,673)

 


(2,000)

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


-

 


-

 


-

Net cash (used in) provided by
operating activities

 


(9,396)

 


(117,591)



(59,560)

 


(62,114)

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


3,291,567

 


23,678

 


-

Net cash (used in) provided by
investing activities

 


-

 


3,291,567

 


23,678

 


-

-

-

Cash flows from financing activities:

 

 

 

 

    

Distributions

 

(310,963)

 

-

 

-

 

-

Net cash used in
financing activities

 


(310,963)

 


-

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(320,359)

 


3,173,976

 


(35,882)

 


(62,114)

Cash and cash equivalents, beginning

 

6,799,933

 

3,606,473

 

453,512

 

427,181

Cash and cash equivalents, ending

$

6,479,574

$

6,780,449

$

417,630

$

365,067

 


The accompanying notes are an integral part of this condensed statement










Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 28

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(26,522)

$

(40,759)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(8,500)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


(35,022)

 


(40,759)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


8,500

 


-

Net cash (used in) provided by
investing activities

 


8,500

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(26,522)

 


(40,759)

Cash and cash equivalents, beginning

 

742,564

 

812,483

Cash and cash equivalents, ending

$

716,042

$

771,724

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement







Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,

(Unaudited)

Series 29

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

76,582

$

(64,341)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(123,094)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(497,247)

 


41,093

Net cash (used in) provided by 
operating activities

 


(543,759)

 


(23,248)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


122,994

 


-

Net cash (used in) provided by
investing activities

 


122,994

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(420,765)

 


(23,248)

Cash and cash equivalents, beginning

 

622,414

 

345,648

Cash and cash equivalents, ending

$

201,649

$

322,400


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 3025

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

-

$

34,406

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

    

Gain on Disposition 
   Operating Partnerships

 


-

 


(97,399)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


1,250

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


-

 


(61,743)

Cash flows from investing activities:

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


97,399

Net cash (used in) provided by
investing activities

 


-

 


97,399

Cash flows from financing activities:

    

Distributions

 

-

 

(380,117)

Net cash used in
financing activities

 


-

 


(380,117)

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


(344,461)

Cash and cash equivalents, beginning

 

-

 

344,461

Cash and cash equivalents, ending

$

-

$

-

 

 

 

2018

 

2017

Cash flows from operating activities:

Net income (loss)

$

6,824

$

262,966

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

 

 

 

 

Share of (income) from 
   Operating Partnerships


(41,555)


(265,984)

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


3,000

 


5,500

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(166,736)

 


29,263

Net cash (used in) provided by 
operating activities

 


(198,467)

 


31,745

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


25,006

 


226,021

Net cash (used in) provided by
investing activities

 


25,006

 


226,021

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(173,461)

 


257,766

Cash and cash equivalents, beginning

 

453,433

 

270,126

Cash and cash equivalents, ending

$

279,972

$

527,892

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,

(Unaudited)

Series 26

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(69,952)

$

(14,748)

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

Gain on Disposition 
   Operating Partnerships

 


(10,500)

 


(80,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities


(80,452)


(94,748)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


10,500

 


80,000

Net cash (used in) provided by
investing activities

 


10,500

 


80,000

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(69,952)

 


(14,748)

Cash and cash equivalents, beginning

 

642,258

 

677,679

Cash and cash equivalents, ending

$

572,306

$

662,931

 

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 27

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

3,811

$

3,213,442

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

    

Gain on Disposition 
   Operating Partnerships

 


-

 


(3,291,567)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(31,673)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


3,811

 


(109,798)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


3,291,567

Net cash (used in) provided by
investing activities

 


-

 


3,291,567

Cash flows from financing activities:

    

Distributions

 

(310,963)

 

-

Net cash used in
financing activities

 


(310,963)

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(307,152)

 


3,181,769

Cash and cash equivalents, beginning

 

6,799,933

 

3,606,473

Cash and cash equivalents, ending

$

6,492,781

$

6,788,242

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 3128

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

16,103

$

(29,350)

$

(41,125)

$

(56,401)

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 

(69,452)

 


(45,000)

Gain on Disposition
Operating Partnerships

 


(8,500)

 


-

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


2,500

 


3,000

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


-

 


-

 


-

Net cash (used in) provided by
operating activities

 


(50,849)

 


(71,350)

 


(49,625)

 


(56,401)

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


47,000

 


45,000

 


8,500

 


-

Net cash provided by
investing activities

 


47,000

 


45,000

Net cash (used in) provided by
investing activities

 


8,500

 


-

Cash flows from financing activities:

 

 

 

 

    

Distributions

 

-

 

-

 

-

 

-

Net cash used in
financing activities

 


-

 


-

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(3,849)

 


(26,350)

 


(41,125)

 


(56,401)

Cash and cash equivalents, beginning

 

1,971,680

 

2,047,648

 

742,564

 

812,483

Cash and cash equivalents, ending

$

1,967,831

$

2,021,298

$

701,439

$

756,082

 

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

SixNine Months Ended September 30,
December 31,

(Unaudited)

Series 3229

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

420,871

$

1,474,039

$

64,364

$

(92,645)

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


(487,880)

 


(1,548,505)

Gain on Disposition
Operating Partnerships

 


(123,094)

 


-

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


3,000

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


(745,999)

 


(531,317)

 


(489,986)

 


61,640

Net cash (used in) provided by
operating activities

 


(813,008)

 


(602,783)

 


(548,716)

 


(31,005)

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


487,880

 


1,548,505

 


122,994

 


-

Net cash provided by
investing activities

 


487,880

 


1,548,505

Net cash (used in) provided by
investing activities

 


122,994

 


-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

 

-

 

-

Net cash used in
financing activities

 


-

 


-

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(325,128)

 


945,722

 


(425,722)

 


(31,005)

Cash and cash equivalents, beginning

 

563,697

 

837,185

 

622,414

 

345,648

Cash and cash equivalents, ending

$

238,569

$

1,782,907

$

196,692

$

314,643

 


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 33

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(40,690)

$

(47,563)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(180,304)

 


32,795

Net cash (used in) provided by 
operating activities

 


(220,994)

 


(14,768)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

-

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(220,994)

 


(14,768)

Cash and cash equivalents, beginning

 

452,033

 

337,765

Cash and cash equivalents, ending

$

231,039

$

322,997

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-

The accompanying notes are an integral part of this condensed statement









Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 34

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(39,631)

$

(44,043)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(125,268)

 


(217,768)

Net cash (used in) provided by 
operating activities

 


(164,899)

 


(261,811)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(164,899)

 


(261,811)

Cash and cash equivalents, beginning

 

394,837

 

849,078

Cash and cash equivalents, ending

$

229,938

$

587,267


The accompanying notes are an integral part of this condensed statement






Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 35

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(20,322)

$

2,602,186

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


-

 


(2,653,528)

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


3,000

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(551,982)

Net cash (used in) provided by 
operating activities

 


(20,322)

 


(600,324)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 

 


-

 


2,653,528

Net cash (used in) provided by
investing activities

 


-

 


2,653,528

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(20,322)

 


2,053,204

Cash and cash equivalents, beginning

 

4,428,306

 

2,392,767

Cash and cash equivalents, ending

$

4,407,984

$

4,445,971


The accompanying notes are an integral part of this condensed statement






Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 36

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

182,394

$

(31,099)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(243,163)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(767,505)

Net cash (used in) provided by 
operating activities

 


(60,769)

 


(798,604)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


243,163

 


-

Net cash (used in) provided by
investing activities

 


243,163

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


182,394

 


(798,604)

Cash and cash equivalents, beginning

 

2,106,050

 

2,934,317

Cash and cash equivalents, ending

$

2,288,444

$

2,135,713


The accompanying notes are an integral part of this condensed statement






Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 37

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

1,014,258

$

(21,321)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(1,020,649)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(513,149)

 


(934,637)

Net cash (used in) provided by 
operating activities

 


(519,540)

 


(955,958)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


1,020,649

 


-

Net cash (used in) provided by
investing activities

 


1,020,649

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


501,109

 


(955,958)

Cash and cash equivalents, beginning

 

517,887

 

2,096,039

Cash and cash equivalents, ending

$

1,018,996

$

1,140,081


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 38

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

8,500

$

(48,438)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(7,000)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(6,543)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(18,234)

 


(795,425)

Net cash (used in) provided by 
operating activities

 


(16,734)

 


(850,406)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


7,000

 


-

Net cash (used in) provided by
investing activities

 


7,000

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(9,734)

 


(850,406)

Cash and cash equivalents, beginning

 

1,492,145

 

3,042,864

Cash and cash equivalents, ending

$

1,482,411

$

2,192,458


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 3930

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

-

$

(28,503)

$

114,811

$

247,358

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


-

 


-

Gain on Disposition
Operating Partnerships


(195,182)


(265,984)

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


(6,543)

 


(3,500)

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


-

 


(916,748)

 


(499,568)

 


41,872

Net cash (used in) provided by
operating activities

 


-

 


(951,794)

 


(583,439)

 


23,246

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


-

 


130,006

 


226,021

Net cash (used in) provided by
investing activities

 


-

 


-

 


130,006

 


226,021

-

-

Cash flows from financing activities:

 

 

 

 

    

Distributions

 

-

 

-

 

-

 

-

Net cash used in
financing activities

 


-

 


-

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


(951,794)

 


(453,433)

 


249,267

Cash and cash equivalents, beginning

 

-

 

1,248,898

 

453,433

 

270,126

Cash and cash equivalents, ending

$

-

$

297,104

$

-

$

519,393

 


The accompanying notes are an integral part of this condensed statement







Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 40

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(24,459)

$

503,498

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

Share of (income) from 
   Operating Partnerships

 


(44,500)

 


(588,952)

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


5,500

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(171,812)

 


9,475

Net cash (used in) provided by 
operating activities

 


(235,271)

 


(75,979)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


44,500

 


588,952

-

Net cash (used in) provided by
investing activities

 


44,500

 


588,952

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(190,771)

 


512,973

Cash and cash equivalents, beginning

 

431,341

 

248,318

Cash and cash equivalents, ending

$

240,570

$

761,291

Supplemental schedule of noncash

investing and financing activities:

 

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





$





1,121,389





$





-

      
 

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 31

Series 41

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

28,117

$

(53,974)

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

    

Gain on Disposition 
   Operating Partnerships

 


(105,794)

 


(45,000)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


(77,677)

 


(98,974)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


64,500

 


45,000

Net cash provided by
investing activities

 


64,500

 


45,000

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(13,177)

 


(53,974)

Cash and cash equivalents, beginning

 

1,971,680

 

2,047,648

Cash and cash equivalents, ending

$

1,958,503

$

1,993,674

 

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(38,575)

$

596,134

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(14,000)

 


(719,829)

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(4,500)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(448,150)

 


35,086

Net cash (used in) provided by 
operating activities

 


(500,725)

 


(93,109)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


14,000

 


719,829

Net cash (used in) provided by
investing activities

 


14,000

 


719,829

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(486,725)

 


626,720

Cash and cash equivalents, beginning

 

741,152

 

322,902

Cash and cash equivalents, ending

$

254,427

$

949,622

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 4232

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

(8,464)

$

(90,897)

$

388,455

$

1,586,646

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


(42,500)

 


-

Gain on Disposition
Operating Partnerships

 


(487,880)

 


(1,677,252)

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 


-

 


-

 


-

 


(2,000)

Decrease (Increase) in other
assets

 

 

-

 


(11,300)

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 

 

-

 


-

 


(726,205)

 


(1,108,083)

Net cash (used in) provided by
operating activities

 


(50,964)

 


(102,197)

 


(825,630)

 


(1,200,689)

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


42,500

 


-

 


487,880

 


1,677,252

Net cash (used in) provided by
investing activities

 


42,500

 


-

Net cash provided by
investing activities

 


487,880

 


1,677,252

-

-

Cash flows from financing activities:

 

 

 

 

    

Distributions

 

-

 

-

 

-

 

-

Net cash used in
financing activities

 


-

 


-

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(8,464)

 


(102,197)

 


(337,750)

 


476,563

Cash and cash equivalents, beginning

 

1,327,017

 

1,072,528

 

563,697

 

837,185

Cash and cash equivalents, ending

$

1,318,553

$

970,331

$

225,947

$

1,313,748

 


The accompanying notes are an integral part of this condensed statement


Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 43

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(45,306)

$

(87,062)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(9,000)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(475,580)

 


115,386

Net cash (used in) provided by 
operating activities

 


(529,886)

 


28,324

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


9,000

 


-

Net cash (used in) provided by
investing activities

 


9,000

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(520,886)

 


28,324

Cash and cash equivalents, beginning

 

854,364

 

351,638

Cash and cash equivalents, ending

$

333,478

$

379,962

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-

The accompanying notes are an integral part of this condensed statement









Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)

Series 44

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

(100,237)

$

(135,637)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


122,738

 


122,513

Net cash (used in) provided by 
operating activities

 


22,501

 


(13,124)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


22,501

 


(13,124)

Cash and cash equivalents, beginning

 

84,006

 

66,324

Cash and cash equivalents, ending

$

106,507

$

53,200


The accompanying notes are an integral part of this condensed statement






Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Six Months Ended September 30,
(Unaudited)


Series 45

 

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

Net income (loss)

$

225,230

$

(150,024)

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

 

 

 

 

Share of (income) from 
   Operating Partnerships

 


(342,500)

 


-

Changes in assets and liabilities

 

 

 

 

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(104,911)

 


86,059

Net cash (used in) provided by 
operating activities

 


(222,181)

 


(63,965)

Cash flows from investing activities:

 

 

 

 

Proceeds from the disposition of     Operating Partnerships

 


342,500

 


-

Net cash (used in) provided by
investing activities

 


342,500

 


-

-

-

Cash flows from financing activities:

 

 

 

 

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


120,319

 


(63,965)

Cash and cash equivalents, beginning

 

753,702

 

803,153

Cash and cash equivalents, ending

$

874,021

$

739,188


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

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

Series 33

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(55,411)

$

23,189

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

    

Gain on Disposition 
   Operating Partnerships

 


-

 


(67,454)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(166,986)

 


48,449

Net cash (used in) provided by 
operating activities

 


(222,397)

 


4,184

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


950

Net cash (used in) provided by
investing activities

 


-

 


950

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(222,397)

 


5,134

Cash and cash equivalents, beginning

 

452,033

 

337,765

Cash and cash equivalents, ending

$

229,636

$

342,899

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 34

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(58,853)

$

(62,324)

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

    

Gain on Disposition 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(112,903)

 


(393,594)

Net cash (used in) provided by 
operating activities

 


(171,756)

 


(455,918)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(171,756)

 


(455,918)

Cash and cash equivalents, beginning

 

394,837

 

849,078

Cash and cash equivalents, ending

$

223,081

$

393,160

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 35

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(27,398)

$

2,593,894

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

    

Gain on Disposition 
   Operating Partnerships

 


-

 


(2,653,528)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(551,982)

Net cash (used in) provided by 
operating activities

 


(27,398)

 


(611,616)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 

 


-

 


2,653,528

Net cash (used in) provided by
investing activities

 


-

 


2,653,528

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(27,398)

 


2,041,912

Cash and cash equivalents, beginning

 

4,428,306

 

2,392,767

Cash and cash equivalents, ending

$

4,400,908

$

4,434,679

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 36

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

180,555

$

(41,191)

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

    

Gain on Disposition 
   Operating Partnerships

 


(253,104)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


570,319

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(767,505)

Net cash (used in) provided by 
operating activities

 

497,770

 


(808,696)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


253,104

 


-

Net cash (used in) provided by
investing activities

 


253,104

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


750,874

 


(808,696)

Cash and cash equivalents, beginning

 

2,106,050

 

2,934,317

Cash and cash equivalents, ending

$

2,856,924

$

2,125,621

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 37

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

1,015,799

$

104,304

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

    

Gain on Disposition 
   Operating Partnerships

 


(1,062,375)

 


(140,415)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(513,149)

 


(1,538,773)

Net cash (used in) provided by 
operating activities

 


(559,725)

 


(1,574,884)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


1,062,375

 


1,977

Net cash (used in) provided by
investing activities

 


1,062,375

 


1,977

Cash flows from financing activities:

    

Distributions

 

(1,020,537)

 

-

Net cash used in
financing activities

 


(1,020,537)

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(517,887)

 


(1,572,907)

Cash and cash equivalents, beginning

 

517,887

 

2,096,039

Cash and cash equivalents, ending

$

-

$

523,132

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 38

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

12,660

$

(51,326)

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

    

Gain on Disposition 
   Operating Partnerships

 


(7,000)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(6,543)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(18,234)

 


(1,515,985)

Net cash (used in) provided by 
operating activities

 


(12,574)

 


(1,573,854)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


7,000

 


-

Net cash (used in) provided by
investing activities

 


7,000

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(5,574)

 


(1,573,854)

Cash and cash equivalents, beginning

 

1,492,145

 

3,042,864

Cash and cash equivalents, ending

$

1,486,571

$

1,469,010

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 39

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

-

$

(48,069)

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

    

Gain on Disposition 
   Operating Partnerships

 


-

 


(17,779)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(6,543)

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(1,154,240)

Net cash (used in) provided by 
operating activities

 


-

 


(1,226,631)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


17,779

Net cash (used in) provided by
investing activities

 


-

 


17,779

Cash flows from financing activities:

    

Distributions

 

-

 

(40,046)

Net cash used in
financing activities

 


-

 


(40,046)

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


(1,248,898)

Cash and cash equivalents, beginning

 

-

 

1,248,898

Cash and cash equivalents, ending

$

-

$

-

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 40

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(53,608)

$

485,584

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

Gain on Disposition 
   Operating Partnerships

 


(44,500)

 


(588,952)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(148,422)

 


(8,631)

Net cash (used in) provided by 
operating activities

 


(246,530)

 


(111,999)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


44,500

 


588,952

-

-

Net cash (used in) provided by
investing activities

 


44,500

 


588,952

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(202,030)

 


476,953

Cash and cash equivalents, beginning

 

431,341

 

248,318

Cash and cash equivalents, ending

$

229,311

$

725,271

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 41

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(77,399)

$

616,699

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

    

Gain on Disposition 
   Operating Partnerships

 


(14,000)

 


(782,887)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(2,500)

Decrease (Increase) in other
   assets

 


-

 


1,218

(Decrease) Increase in accounts
   payable affiliates

 


(414,074)

 


84,650

Net cash (used in) provided by 
operating activities

 


(505,473)

 


(82,820)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


14,000

 


782,887

Net cash (used in) provided by
investing activities

 


14,000

 


782,887

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(491,473)

 


700,067

Cash and cash equivalents, beginning

 

741,152

 

322,902

Cash and cash equivalents, ending

$

249,679

$

1,022,969

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 42

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(8,892)

$

135,238

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

    

Gain on Disposition 
   Operating Partnerships

 


(54,322)

 


(262,279)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


1,500

 


1,000

Decrease (Increase) in other
   assets

 


-

 


(1,183)

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash (used in) provided by 
operating activities

 


(61,714)

 


(127,224)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


(9,503)

Proceeds from the disposition of     Operating Partnerships

 


54,322

 


262,279

Net cash (used in) provided by
investing activities

 


54,322

 


252,776

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(7,392)

 


125,552

Cash and cash equivalents, beginning

 

1,327,017

 

1,072,528

Cash and cash equivalents, ending

$

1,319,625

$

1,198,080

Supplemental schedule of noncash

investing and financing activities:

 

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





$





-





$





-

      
 

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




$




-




$




63,676


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 43

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

8,023

$

80,998

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

    

Gain on Disposition 
   Operating Partnerships

 


(75,520)

 


(225,500)

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


363,500

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(430,490)

 


170,998

Net cash (used in) provided by 
operating activities

 


(134,487)

 


26,496

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


(9,508)

Proceeds from the disposition of     Operating Partnerships

 


49,438

 


225,500

Net cash (used in) provided by
investing activities

 


49,438

 


215,992

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(85,049)

 


242,488

Cash and cash equivalents, beginning

 

854,364

 

351,638

Cash and cash equivalents, ending

$

769,315

$

594,126

Supplemental schedule of noncash

investing and financing activities:

 

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





$





-





$





-

      
 

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




$




-




$




63,675


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)

Series 44

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

(159,974)

$

(166,421)

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

    

Gain on Disposition 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


185,889

 


184,956

Net cash (used in) provided by 
operating activities

 


25,915

 


18,535

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

Cash flows from financing activities:

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


25,915

 


18,535

Cash and cash equivalents, beginning

 

84,006

 

66,324

Cash and cash equivalents, ending

$

109,921

$

84,859

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)


Series 45

  

2018

 

2017

Cash flows from operating activities:

    

Net income (loss)

$

154,699

$

(231,767)

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

    

Gain on Disposition 
   Operating Partnerships

 


(342,500)

 


-

Changes in assets and liabilities

    

(Decrease) Increase in accounts
   payable and accrued expenses

 


57,600

 


-

Decrease (Increase) in other
   assets

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


(37,346)

 


156,418

Net cash (used in) provided by 
operating activities

 


(167,547)

 


(75,349)

Cash flows from investing activities:

    

Capital contributions paid to 
    Operating Partnerships

 


-

 


-

Proceeds from the disposition of     Operating Partnerships

 


342,500

 


-

Net cash (used in) provided by
investing activities

 


342,500

 


-

Cash flows from financing activities:

    

Distributions

 

-

 

-

Net cash used in
financing activities

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


174,953

 


(75,349)

Cash and cash equivalents, beginning

 

753,702

 

803,153

Cash and cash equivalents, ending

$

928,655

$

727,804

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Nine Months Ended December 31,
(Unaudited)


Series 46

 

 

2018

 

2017

 

2018

 

2017

Cash flows from operating activities:

 

 

 

 

    

Net income (loss)

$

(87,459)

$

(105,494)

$

(143,774)

$

(129,945)

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

 

 

 

 

    

Share of (income) from
Operating Partnerships

 


-

 


-

Gain on Disposition
Operating Partnerships

 


-

 


(10,994)

Changes in assets and liabilities

 

 

 

 

    

(Decrease) Increase in accounts
payable and accrued expenses

 

 


-

 


-

 

 


-

 


-

Decrease (Increase) in other
assets

 


-

 


-

 


-

 


-

(Decrease) Increase in accounts
payable affiliates

 


(75,402)

 


104,598

 


(23,103)

 


(6,325)

Net cash (used in) provided by
operating activities

 


(162,861)

 


(896)

 


(166,877)

 


(147,264)

Cash flows from investing activities:

 

 

 

 

    

Capital contributions paid to
Operating Partnerships

 


-

 


-

Proceeds from the disposition of Operating Partnerships

 


-

 


-

 


-

 


10,994

Net cash (used in) provided by
investing activities

 


-

 


-

 


-

 


10,994

-

-

Cash flows from financing activities:

 

 

 

 

    

Distributions

 

-

 

-

 

-

 

-

Net cash used in
financing activities

 


-

 


-

 


-

 


-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(162,861)

 


(896)

 


(166,877)

 


(136,270)

Cash and cash equivalents, beginning

 

466,399

 

651,129

 

466,399

 

651,129

Cash and cash equivalents, ending

$

303,538

$

650,233

$

299,522

$

514,859

 

Supplemental schedule of noncash

investing and financing activities:

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





$





-





$





-

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




$




-




$




-


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS
September 30,December 31, 2018
(Unaudited)

NOTE A - ORGANIZATION

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

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

 

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

Series

Closing Date

BACs Sold

Equity Raised

Series 20

June 24, 1994

3,866,700

$38,667,000

Series 21

December 31, 1994

1,892,700

$18,927,000

Series 22

December 28, 1994

2,564,400

$25,644,000

Series 23

June 23, 1995

3,336,727

$33,366,000

Series 24

September 22, 1995

2,169,878

$21,697,000

Series 25

December 29, 1995

3,026,109

$30,248,000

Series 26

June 25, 1996

3,995,900

$39,959,000

Series 27

September 17, 1996

2,460,700

$24,607,000

Series 28

January 29, 1997

4,000,738

$39,999,000

 

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

NOTE A - ORGANIZATION (continued)

Series

Closing Date

BACs Sold

Equity Raised

Series 29

June 10, 1997

3,991,800

$39,918,000

Series 30

September 10, 1997

2,651,000

$26,490,750

Series 31

January 18, 1998

4,417,857

$44,057,750

Series 32

June 23, 1998

4,754,198

$47,431,000

Series 33

September 21, 1998

2,636,533

$26,362,000

Series 34

February 11, 1999

3,529,319

$35,273,000

Series 35

June 28, 1999

3,300,463

$33,004,630

Series 36

September 28, 1999

2,106,838

$21,068,375

Series 37

January 28, 2000

2,512,500

$25,125,000

Series 38

July 31, 2000

2,543,100

$25,431,000

Series 39

January 31, 2001

2,292,151

$22,921,000

Series 40

July 31, 2001

2,630,256

$26,269,256

Series 41

January 31, 2002

2,891,626

$28,916,260

Series 42

July 31, 2002

2,744,262

$27,442,620

Series 43

December 31, 2002

3,637,987

$36,379,870

Series 44

April 30, 2003

2,701,973

$27,019,730

Series 45

September 16, 2003

4,014,367

$40,143,670

Series 46

December 19, 2003

2,980,998

$29,809,980

 

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

NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES

The condensed financial statements herein as of September 30,December 31, 2018 and for the three and sixnine months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account.

The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2018.

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS

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

An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended September 30,December 31, 2018 and 2017, are as follows:

 

2018

2017

2018

2017

Series 20

$  2,549

$  5,536

$  2,549

$  5,536

Series 21

-

2,719

-

2,216

Series 22

6,426

7,303

6,426

7,303

Series 23

5,556

5,556

5,556

5,556

Series 24

10,761

12,588

10,761

12,588

Series 25

-

5,440

-

-

Series 26

13,938

22,545

13,938

15,609

Series 27

7,635

9,555

7,635

8,915

Series 28

7,296

8,844

7,296

8,844

Series 29

7,261

20,547

7,261

20,547

Series 30

7,462

12,609

5,668

12,609

Series 31

16,535

21,699

16,065

19,092

Series 32

19,794

26,370

19,794

23,234

Series 33

13,318

16,397

13,318

15,654

Series 34

12,366

12,366

12,365

12,365

Series 35

10,653

17,481

10,653

10,653

Series 36

5,990

7,626

5,172

7,626

Series 37

3,396

12,501

-

10,957

Series 38

16,581

18,234

16,581

18,234

Series 39

-

1,709

-

1,712

Series 40

26,594

28,709

23,390

26,594

Series 41

34,076

52,147

34,076

49,564

Series 42

27,505

42,870

23,847

40,788

Series 43

45,091

57,693

45,090

55,612

Series 44

57,826

57,825

57,826

57,825

Series 45

67,565

70,359

67,565

70,359

Series 46

 52,299

52,299

 52,299

 52,299

$478,473

$609,527

$465,131

$572,291

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

NOTE C - RELATED PARTY TRANSACTIONS (continued)

The fund management fees paid for the sixnine months ended September 30,December 31, 2018 and 2017 are as follows:

2018

2017

2018

2017

Series 20

    $  193,337

    $        -

    $  378,835

    $        -

Series 21

    -

      258,000

Series 22

      25,000

    -

202,998

-

Series 23

250,000

488,550

      435,802

488,550

Series 24

21,522

25,176

32,283

37,764

Series 25

-

11,374

-

11,374

Series 26

29,547

45,090

43,485

60,699

Series 27

15,270

24,523

22,905

33,438

Series 28

16,140

17,688

23,436

26,532

Series 29

519,601

-

519,601

-

Series 30

185,027

-

523,527

-

Series 31

35,627

43,398

51,692

62,490

Series 32

787,880

584,057

787,880

1,184,057

Series 33

206,940

-

206,940

-

Series 34

150,000

242,500

150,000

430,691

Series 35

21,306

586,944

31,959

597,597

Series 36

13,616

782,757

18,788

790,383

Series 37

526,729

959,639

526,729

1,574,732

Series 38

53,049

831,893

69,630

1,570,687

Series 39

-

699,711

-

938,915

Series 40

225,000

49,000

225,000

93,700

Series 41

520,930

70,500

520,930

70,500

Series 42

 56,839

85,740

80,686

126,528

Series 43

  566,306

        -

566,306

-

Series 45

242,500

-

242,500

-

Series 46

  180,000

        -

  180,000

  163,222

$4,842,166

$5,548,540

$5,841,912

$8,519,859

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS

At September 30,December 31, 2018 and 2017, the Fund has limited partnership interests in 150132 and 191179 Operating Partnerships, respectively, which own or are constructing apartment complexes.

The breakdown of Operating Partnerships within the Fund at September 30,December 31, 2018 and 2017 are as follows:

2018

2017

2018

2017

Series 20

1

3

-

2

Series 21

-

2

-

Series 22

3

-

3

Series 23

3

-

3

Series 24

5

6

4

6

Series 25

-

-

Series 26

8

9

8

9

Series 27

3

4

3

Series 28

4

5

4

5

Series 29

5

8

5

8

Series 30

2

6

-

6

Series 31

6

8

1

8

Series 32

5

6

5

6

Series 33

3

5

3

4

Series 34

4

4

Series 35

2

2

Series 36

2

3

2

3

Series 37

-

2

-

1

Series 38

3

4

3

4

Series 39

-

1

-

Series 40

8

9

8

9

Series 41

11

16

11

14

Series 42

10

15

9

13

Series 43

16

19

14

18

Series 44

7

7

Series 45

25

27

25

27

Series 46

 14

 14

150

191

132

179

 

Under the terms of the Fund's investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at September 30,December 31, 2018 and 2017, are as follows:

2018

2017

2018

2017

Series 29

$    785

$  8,235

$    785

$  8,235

Series 30

48,627

65,176

-

65,176

Series 31

43,842

66,294

25,000

66,294

Series 32

1,229

1,229

Series 33

-

69,154

-

2,650

Series 37

-

138,438

Series 40

102

102

Series 41

-

100

-

100

Series 42

254

73,433

254

Series 43

26,082

99,265

-

26,082

Series 45

 16,724

 16,724

$137,645

$538,150

$44,094

$186,846

 

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

 

During the sixnine months ended September 30,December 31, 2018 the Fund disposed of nineteenthirty-seven Operating Partnerships. A summary of the dispositions by Series for September 30,December 31, 2018 is as follows:

 

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition *

 

Gain on Disposition

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition *

 

Gain on Disposition

Series 20

1

-

$

155,337

$

155,337

2

-

$

197,337

$

197,337

Series 22

3

 

-

 

38,000

 

38,000

Series 23

3

 

-

 

43,500

 

43,500

Series 24

1

 

-

 

23,678

 

23,678

Series 26

1

 

-

 

10,500

 

10,500

1

 

-

 

10,500

 

10,500

Series 28

1

 

-

 

8,500

 

8,500

1

 

-

 

8,500

 

8,500

Series 29

2

 

-

 

122,994

 

123,094

2

 

-

 

122,994

 

123,094

Series 30

3

 

-

 

25,006

 

41,555

5

 

-

 

130,006

 

195,182

Series 31

2

 

-

 

47,000

 

69,452

7

 

-

 

64,500

 

105,794

Series 32

-

 

1

 

487,880

 

487,880

-

 

1

 

487,880

 

487,880

Series 36

-

 

1

 

243,163

 

243,163

-

 

1

 

253,104

 

253,104

Series 37

-

 

1

 

1,020,649

 

1,020,649

-

 

1

 

1,062,375

 

1,062,375

Series 38

1

 

-

 

7,000

 

7,000

1

 

-

 

7,000

 

7,000

Series 40

1

 

-

 

44,500

 

44,500

1

 

-

 

44,500

 

44,500

Series 41

-

 

1

 

14,000

 

14,000

-

 

1

 

14,000

 

14,000

Series 42

1

 

-

 

42,500

 

42,500

2

 

-

 

54,322

 

54,322

Series 43

1

 

-

 

9,000

 

9,000

3

 

-

 

49,438

 

75,520

Series 45

1

 

-

 

342,500

 

342,500

1

 

-

 

342,500

 

342,500

Total

15

 

4

 

$

2,580,529

 

$

2,619,630

33

 

4

 

$

2,954,134

 

$

3,086,786

* Fund proceeds from disposition does not include $100, $16,549$65,176, $41,294 and $22,452,$26,082, which was due to a writeoff of capital contribution payable as of September 30,December 31, 2018, for Series 29, Series 30, Series 31 and Series 31,43, respectively.

 

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

 




 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

 

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

 

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition *

 

Gain on Disposition

Operating Partnership Interest Transferred

 

Sale of Underlying Operating Partnership

 

Fund Proceeds from Disposition *

 

Gain on Disposition

Series 20

1

-

$

42,000

$

42,000

Series 21

2

-

67,000

67,000

Series 23

-

1

$

959,665

$

959,665

-

1

989,962

989,962

Series 25

4

 

-

 

97,399

 

97,399

4

 

-

 

97,399

 

97,399

Series 26

4

 

-

 

80,000

 

80,000

4

 

-

 

80,000

 

80,000

Series 27

-

 

1

 

3,291,567

 

3,291,567

1

 

1

 

3,291,567

 

3,291,567

Series 30

1

 

1

 

226,021

 

265,984

1

 

1

 

226,021

 

265,984

Series 31

2

 

-

 

45,000

 

45,000

2

 

-

 

45,000

 

45,000

Series 32

-

 

1

 

1,548,505

 

1,548,505

-

 

1

 

1,677,252

 

1,677,252

Series 33

1

 

-

 

950

 

67,454

Series 35

1

 

-

 

2,653,528

 

2,653,528

1

 

-

 

2,653,528

 

2,653,528

Series 37

1

 

-

 

1,977

 

140,415

Series 39

1

 

-

 

17,779

 

17,779

Series 40

1

 

-

 

588,952

 

588,952

1

 

-

 

588,952

 

588,952

Series 41

1

 

-

 

719,829

 

719,829

3

 

-

 

782,887

 

782,887

Series 42

2

 

-

 

262,279

 

262,279

Series 43

1

 

-

 

225,500

 

225,500

Series 46

-

 

-

 

10,994

 

10,994

Total

14

 

4

 

$

10,210,466

 

$

10,250,429

26

 

4

 

$

11,061,047

 

$

11,305,952

 

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

 

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






 

 






Boston Capital Tax Credit Fund IV L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

 

The Fund's fiscal year ends March 31st for each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership's quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the sixnine months ended JuneSeptember 30, 2018.

 

 

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

2018

2017

2018

2017

 

 

   

Revenues

Revenues

 

 

Revenues

  

Rental

$  22,343,323

$  26,987,297

Rental

$  30,464,104

$  39,192,976

Interest and other

     663,683

     852,756

Interest and other

     867,967

   1,235,063

  23,007,006

  27,840,053

  31,332,071

  40,428,039

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

3,644,356

4,613,504

Interest

5,133,584

6,754,119

Depreciation and amortization

5,775,862

7,332,051

Depreciation and amortization

7,690,864

10,698,194

Operating expenses

  16,122,850

  19,961,263

Operating expenses

  21,606,132

  28,924,546

  25,543,068

  31,906,818

  34,430,580

  46,376,859

 

 

   

NET LOSS

NET LOSS

$ (2,536,062)

$ (4,066,765)

NET LOSS

$ (3,098,509)

$ (5,948,820)

 

 

   

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


$ (2,510,699)


$ (4,026,097)

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

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


$ (3,067,524)


$ (5,889,331)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$    (25,363)


$    (40,668)

Net loss allocated to other
Partners


$    (30,985)


$    (59,489)

 

* Amounts include $(2,510,699) and $(4,026,097) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 20

 

 

 

2018

2017

Revenues

 

 

 

Rental

$   139,480

$   266,942

 

Interest and other

     9,921

    16,914

 

   149,401

   283,856

 

 

 

Expenses

 

 

 

Interest

11,732

25,735

 

Depreciation and amortization

28,416

72,185

 

Operating expenses

   124,517

   235,116

 

   164,665

   333,036

 

 

 

NET LOSS

$  (15,264)

$  (49,180)

 

 

 

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


$  (15,111)


$  (48,688)

 

 

 

Net loss allocated to other
Partners


$     (153)


$     (492)

2018

2017

Revenues

Rental

$         -

$   352,045

Interest and other

         -

    24,048

         -

   376,093

Expenses

Interest

-

32,617

Depreciation and amortization

-

91,765

Operating expenses

         -

   315,661

         -

   440,043

NET LOSS

$         -

$  (63,950)

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


$         -


$  (63,310)

Net loss allocated to other
Partners


$         -


$     (640)

 

* Amounts include $(15,111) and $(48,688) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 21

 

 

2018

2017

Revenues

Rental

$         -

$         246,778-

Interest and other

         -

         1,720-

         -

         248,498-

Expenses

Interest

-

19,832-

Depreciation and amortization

-

41,440-

Operating expenses

         -

         196,601-

         -

         257,873-

NET LOSS

$         -

$         (9,375)-

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


$         -


$         (9,281)-

Net loss allocated to other
Partners


$         -


$         (94)-

 

* Amounts include $- and $(9,281)

The Fund accounts for 2018 and 2017, respectively, of net loss not recognized underits investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 22


2018

2017

Revenues

Rental

$         -

$   382,584

Interest and other

         -

    13,663

         -

   396,247

Expenses

Interest

-

34,025

Depreciation and amortization

-

103,504

Operating expenses

         -

   311,606

         -

   449,135

NET LOSS

$         -

$  (52,888)

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


$         -


$  (52,359)

Net loss allocated to other
Partners


$         -


$     (529)

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 2223


 

2018

2017

Revenues

 

 

 

Rental

$   255,007

$   255,056

 

Interest and other

     6,424

     9,109

 

   261,431

   264,165

 

 

 

Expenses

 

 

 

Interest

21,753

22,684

 

Depreciation and amortization

54,539

69,003

 

Operating expenses

   215,777

   207,737

 

   292,069

   299,424

 

 

 

NET LOSS

$  (30,638)

$  (35,259)

 

 

 

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


$  (30,332)


$  (34,906)

 

 

 

Net loss allocated to other
Partners


$     (306)


$     (353)

2018

2017

Revenues

Rental

$         -

$   316,873

Interest and other

         -

   15,894

         -

   332,767

Expenses

Interest

-

18,061

Depreciation and amortization

-

67,348

Operating expenses

         -

   263,411

         -

   348,820

NET LOSS

$         -

$  (16,053)

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


$         -


$  (15,892)

Net loss allocated to other
Partners


$         -


$     (161)

 

* Amounts include $(30,332) and $(34,906) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 2324


2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$   204,371

$   211,249

Rental

$   633,339

$   768,883

Interest and other

     8,421

   10,596

Interest and other

    20,560

    15,362

   212,792

   221,845

   653,899

   784,245

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

14,889

12,041

Interest

51,588

67,689

Depreciation and amortization

45,095

44,899

Depreciation and amortization

178,656

211,044

Operating expenses

   169,287

   175,607

Operating expenses

   509,233

   620,298

   229,271

   232,547

   739,477

   899,031

 

 

   

NET LOSS

NET LOSS

$  (16,479)

$  (10,702)

NET LOSS

$  (85,578)

$ (114,786)

 

 

   

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


$  (16,314)


$  (10,595)

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

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


$  (84,722)


$ (113,638)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$     (165)


$     (107)

Net loss allocated to other
Partners


$     (856)


$   (1,148)

 

* Amounts include $(16,314) and $(10,595) for 2018 and 2017, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 2425


 

2018

2017

Revenues

 

 

 

Rental

$   428,402

$   512,589

 

Interest and other

    13,733

    10,241

 

   442,135

   522,830

 

 

 

Expenses

 

 

 

Interest

34,789

45,126

 

Depreciation and amortization

121,938

140,696

 

Operating expenses

   342,441

   413,532

 

   499,168

   599,354

 

 

 

NET LOSS

$  (57,033)

$  (76,524)

 

 

 

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


$  (56,463)


$  (75,759)

 

 

 

Net loss allocated to other
Partners


$     (570)


$     (765)

2018

2017

Revenues

Rental

$         -

$         -

Interest and other

         -

         -

         -

         -

Expenses

Interest

-

-

Depreciation and amortization

-

-

Operating expenses

         -

         -

         -

         -

NET LOSS

$         -

$         -

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


$         -


$         -

Net loss allocated to other
Partners


$         -


$         -

 

* Amounts include $(56,463) and $(75,759) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 2526


 

2018

2017

Revenues

  
 

Rental

$   956,030

$ 1,258,324

 

Interest and other

    11,483

    22,706

 

   967,513

 1,281,030

   

Expenses

  
 

Interest

167,510

208,522

 

Depreciation and amortization

233,109

321,930

 

Operating expenses

   805,239

 1,099,558

 

 1,205,858

 1,630,010

   

NET LOSS

$ (238,345)

$ (348,980)

   

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


$ (235,962)


$ (345,490)

   

Net loss allocated to other
Partners


$   (2,383)


$   (3,490)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 27


 

2018

2017

Revenues

  
 

Rental

$   495,454

$   563,566

 

Interest and other

     9,742

     7,923

 

   505,196

   571,489

   

Expenses

  
 

Interest

24,930

32,644

 

Depreciation and amortization

133,387

165,370

 

Operating expenses

   413,037

   457,051

 

   571,354

   655,065

   

NET LOSS

$  (66,158)

$  (83,576)

   

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


$  (65,496)


$  (82,740)

   

Net loss allocated to other
Partners


$     (662)


$     (836)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 28


 

2018

2017

Revenues

  
 

Rental

$    616,769

$    751,710

 

Interest and other

     33,854

     18,953

 

    650,623

    770,663

   

Expenses

  
 

Interest

99,851

122,273

 

Depreciation and amortization

137,643

169,333

 

Operating expenses

    511,313

    587,874

 

    748,807

    879,480

   

NET LOSS

$   (98,184)

$  (108,817)

   

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


$   (97,202)


$  (107,729)

   

Net loss allocated to other
Partners


$      (982)


$    (1,088)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 29

 

2018

2017

Revenues

  
 

Rental

$    784,882

$  1,311,305

 

Interest and other

     30,243

    126,151

 

    815,125

  1,437,456

   

Expenses

  
 

Interest

148,877

295,053

 

Depreciation and amortization

162,256

371,636

 

Operating expenses

    665,615

  1,166,408

 

    976,748

  1,833,097

   

NET LOSS

$  (161,623)

$  (395,641)

   

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


$  (160,007)


$  (391,685)

   

Net loss allocated to other
Partners


$    (1,616)


$    (3,956)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 30


2018

2017

Revenues

Rental

$         -

$   -772,562

Interest and other

         -

    -18,959

         -

   -791,521

Expenses

Interest

-

-70,220

Depreciation and amortization

-

-217,874

Operating expenses

         -

   -606,608

         -

   -894,702

NET LOSS

$         -

$ -(103,181)

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


$         -


$ -(102,149)

Net loss allocated to other
Partners


$         -


$   -(1,032)

 

* Amounts include $- and $-

The Fund accounts for 2018 and 2017, respectively, of net loss not recognized underits investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income.

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 31


 

2018

2017

Revenues

  
 

Rental

$    376,723

$  1,132,079

 

Interest and other

     10,701

     33,083

 

    387,424

  1,165,162

   

Expenses

  
 

Interest

20,306

107,647

 

Depreciation and amortization

104,349

385,046

 

Operating expenses

    310,598

  1,013,004

 

    435,253

  1,505,697

   

NET LOSS

$   (47,829)

$  (340,535)

   

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


$   (47,351)


$  (337,130)

   

Net loss allocated to other
Partners


$      (478)


$    (3,405)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 32


 

2018

2017

Revenues

  
 

Rental

$  1,155,742

$  1,475,541

 

Interest and other

    17,208

     35,824

 

  1,172,950

  1,511,365

   

Expenses

  
 

Interest

192,666

240,025

Depreciation and amortization

328,747

455,816

 

Operating expenses

    961,941

  1,192,506

 

  1,483,354

  1,888,347

   

NET LOSS

$  (310,404)

$  (376,982)

   

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


$  (307,300)


$  (373,212)

   

Net loss allocated to other
Partners


$    (3,104)


$    (3,770)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 33


 

2018

2017

Revenues

  
 

Rental

$   949,402

$ 1,040,194

 

Interest and other

    34,529

    36,781

 

   983,931

 1,076,975

 

   

Expenses

  
 

Interest

152,512

179,339

 

Depreciation and amortization

209,302

260,563

 

Operating expenses

   698,505

   784,939

 

 1,060,319

 1,224,841

   

NET LOSS

$  (76,388)

$ (147,866)

   

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


$  (75,624)


$ (146,387)

   

Net loss allocated to other
Partners


$     (764)


$   (1,479)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 34


 

2018

2017

Revenues

  
 

Rental

$   742,517

$   728,809

 

Interest and other

    37,801

    26,259

 

   780,318

   755,068

   

Expenses

  
 

Interest

86,873

78,197

 

Depreciation and amortization

205,643

206,720

 

Operating expenses

   556,471

   565,852

 

   848,987

   850,769

   

NET LOSS

$  (68,669)

$  (95,701)

   

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


$  (67,982)


$  (94,744)

   

Net loss allocated to other
Partners


$     (687)


$     (957)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 35


 

2018

2017

Revenues

  
 

Rental

$   757,401

$   829,380

 

Interest and other

    42,456

    22,600

 

   799,857

   851,980

   

Expenses

  
 

Interest

124,866

138,051

 

Depreciation and amortization

241,734

254,427

 

Operating expenses

   455,666

   482,739

 

   822,266

   875,217

   

NET LOSS

$  (22,409)

$  (23,237)

   

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


$  (22,185)


$  (23,005)

   

Net loss allocated to other
Partners


$     (224)


$     (232)

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
December 31, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 36


 

2018

2017

Revenues

  
 

Rental

$   358,462

$   483,137

 

Interest and other

       876

    13,767

 

   359,338

   496,904

   

Expenses

  
 

Interest

67,983

96,625

 

Depreciation and amortization

83,885

126,835

 

Operating expenses

   263,534

   372,348

 

   415,402

   595,808

   

NET LOSS

$  (56,064)

$  (98,904)

   

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


$  (55,503)


$  (97,915)

   

Net loss allocated to other
Partners


$     (561)


$     (989)

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 26

37

 

2018

2017

Revenues

 

 

 

Rental

$   637,353

$   900,779

 

Interest and other

     7,655

    18,548

 

   645,008

   919,327

 

 

 

Expenses

 

 

 

Interest

111,673

142,592

 

Depreciation and amortization

155,406

232,520

 

Operating expenses

   536,826

   780,980

 

   803,905

 1,156,092

 

 

 

NET LOSS

$ (158,897)

$ (236,765)

 

 

 

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


$ (157,308)


$ (234,397)

 

 

 

Net loss allocated to other
Partners


$   (1,589)


$   (2,368)

 

* Amounts include $(157,308) and $(234,397) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

2018

2017

Revenues

Rental

$         -

$   588,136

Interest and other

         -

    58,474

         -

   646,610

Expenses

Interest

-

96,219

Depreciation and amortization

-

197,321

Operating expenses

         -

   441,915

         -

   735,455

NET LOSS

$         -

$  (88,845)

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


$         -


$  (87,957)

Net loss allocated to other
Partners


$         -


$     (888)

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 2738


2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$   330,303

$   402,299

Rental

$ 1,216,088

$ 1,331,140

Interest and other

     6,495

     5,622

Interest and other

    24,560

    16,255

   336,798

   407,921

 1,240,648

 1,347,395

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

16,620

23,507

Interest

166,859

185,342

Depreciation and amortization

88,925

120,642

Depreciation and amortization

233,270

279,470

Operating expenses

   275,358

   329,597

Operating expenses

   847,211

   960,761

   380,903

   473,746

 1,247,340

 1,425,573

 

 

   

NET LOSS

NET LOSS

$  (44,105)

$  (65,825)

NET LOSS

$   (6,692)

$  (78,178)

 

 

   

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


$  (43,664)


$  (65,167)

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

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


$   (6,625)


$  (77,396)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$     (441)


$     (658)

Net loss allocated to other
Partners


$      (67)


$     (782)

 

* Amounts include $(43,664) and $(65,167) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 2839


 

2018

2017

Revenues

 

 

 

Rental

$    411,179

$    501,140

 

Interest and other

     22,570

     12,635

 

    433,749

    513,775

 

 

 

Expenses

 

 

 

Interest

66,567

81,516

 

Depreciation and amortization

91,762

112,889

 

Operating expenses

    340,875

    391,916

 

    499,204

    586,321

 

 

 

NET LOSS

$   (65,455)

$   (72,546)

 

 

 

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


$   (64,800)


$   (71,821)

 

 

 

Net loss allocated to other
Partners


$      (655)


$      (725)

2018

2017

Revenues

Rental

$         -

$         -

Interest and other

         -

         -

         -

         -

Expenses

Interest

-

-

Depreciation and amortization

-

-

Operating expenses

         -

         -

         -

         -

NET LOSS

$         -

$         -

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


$         -


$         -

Net loss allocated to other
Partners


$         -


$         -

 

* Amounts include $(64,800) and $(71,821) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 29

 

2018

2017

Revenues

 

 

 

Rental

$    543,919

$    874,203

 

Interest and other

     21,495

     84,101

 

    565,414

    958,304

 

 

 

Expenses

 

 

 

Interest

106,247

196,702

 

Depreciation and amortization

114,458

247,758

 

Operating expenses

    459,302

    777,606

 

    680,007

  1,222,066

 

 

 

NET LOSS

$  (114,593)

$  (263,762)

 

 

 

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


$  (113,447)


$  (261,124)

 

 

 

Net loss allocated to other
Partners


$    (1,146)


$    (2,638)

* Amounts include $(113,447) and $(261,124) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 30

 

2018

2017

Revenues

 

 

 

Rental

$   322,299

$   515,042

 

Interest and other

     7,537

    12,640

 

   329,836

   527,682

 

 

 

Expenses

 

 

 

Interest

34,088

46,813

 

Depreciation and amortization

76,907

145,249

 

Operating expenses

   261,993

   404,406

 

   372,988

   596,468

 

 

 

NET LOSS

$  (43,152)

$  (68,786)

 

 

 

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


$  (42,720)


$  (68,098)

 

 

 

Net loss allocated to other
Partners


$     (432)


$     (688)

* Amounts include $(42,720) and $(68,098) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 31

 

2018

2017

Revenues

 

 

 

Rental

$    563,108

$    779,319

 

Interest and other

     21,066

     22,666

 

    584,174

    801,985

 

 

 

Expenses

 

 

 

Interest

41,564

74,857

 

Depreciation and amortization

209,468

264,177

 

Operating expenses

    563,223

    695,785

 

    814,255

  1,034,819

 

 

 

NET LOSS

$  (230,081)

$  (232,834)

 

 

 

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


$  (227,780)


$  (230,506)

 

 

 

Net loss allocated to other
Partners


$    (2,301)


$    (2,328)

* Amounts include $(227,780) and $(230,506) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 32

 

2018

2017

Revenues

 

 

 

Rental

$    770,495

$  1,022,002

 

Interest and other

    11,472

     26,860

 

    781,967

  1,048,862

 

 

 

Expenses

 

 

 

Interest

128,444

164,515

Depreciation and amortization

219,165

311,842

 

Operating expenses

    641,294

    816,689

 

    988,903

  1,293,046

 

 

 

NET LOSS

$  (206,936)

$  (244,184)

 

 

 

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


$  (204,867)


$  (241,742)

 

 

 

Net loss allocated to other
Partners


$    (2,069)


$    (2,442)

* Amounts include $(204,867) and $(241,742) for 2018 and 2017, respectively,of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 33

 

2018

2017

Revenues

 

 

 

Rental

$   632,934

$   704,712

 

Interest and other

    23,019

    25,494

 

   655,953

   730,206

 

 

 

 

Expenses

 

 

 

Interest

101,675

119,565

 

Depreciation and amortization

139,535

179,293

 

Operating expenses

   465,670

   538,916

 

   706,880

   837,774

 

 

 

NET LOSS

$  (50,927)

$ (107,568)

 

 

 

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


$  (50,418)


$ (106,492)

 

 

 

Net loss allocated to other
Partners


$     (509)


$   (1,076)

* Amounts include $(50,418) and $(106,492) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 34

 

2018

2017

Revenues

 

 

 

Rental

$   495,011

$   485,873

 

Interest and other

    25,201

    17,506

 

   520,212

   503,379

 

 

 

Expenses

 

 

 

Interest

57,916

52,131

 

Depreciation and amortization

137,095

137,814

 

Operating expenses

   370,981

   377,235

 

   565,992

   567,180

 

 

 

NET LOSS

$  (45,780)

$  (63,801)

 

 

 

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


$  (45,322)


$  (63,163)

 

 

 

Net loss allocated to other
Partners


$     (458)


$     (638)

* Amounts include $(45,322) and $(63,163) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 35

 

2018

2017

Revenues

 

 

 

Rental

$   504,934

$   571,313

 

Interest and other

    28,304

    16,103

 

   533,238

   587,416

 

 

 

Expenses

 

 

 

Interest

83,244

94,832

 

Depreciation and amortization

161,156

173,454

 

Operating expenses

   303,777

   334,048

 

   548,177

   602,334

 

 

 

NET LOSS

$  (14,939)

$  (14,918)

 

 

 

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


$  (14,790)


$  (14,769)

 

 

 

Net loss allocated to other
Partners


$     (149)


$     (149)

* Amounts include $(14,790) and $(14,769) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 36

 

2018

2017

Revenues

 

 

 

Rental

$   284,874

$   322,092

 

Interest and other

     5,290

     9,178

 

   290,164

   331,270

 

 

 

Expenses

 

 

 

Interest

52,992

64,417

 

Depreciation and amortization

70,217

84,557

 

Operating expenses

   208,729

   248,232

 

   331,938

   397,206

 

 

 

NET LOSS

$  (41,774)

$  (65,936)

 

 

 

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


$  (41,356)


$  (65,277)

 

 

 

Net loss allocated to other
Partners


$     (418)


$     (659)

* Amounts include $(41,356) and $(65,277) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 37

2018

2017

Revenues

Rental

$         -

$   407,915

Interest and other

         -

    40,351

         -

   448,266

Expenses

Interest

-

64,154

Depreciation and amortization

-

139,403

Operating expenses

         -

   316,589

         -

   520,146

NET LOSS

$         -

$  (71,880)

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


$         -


$  (71,161)

Net loss allocated to other
Partners


$         -


$     (719)

* Amounts include $- and $(71,161) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 38

 

2018

2017

Revenues

 

 

 

Rental

$   810,726

$   887,427

 

Interest and other

    16,373

    10,837

 

   827,099

   898,264

 

 

 

Expenses

 

 

 

Interest

111,239

123,561

 

Depreciation and amortization

155,514

186,314

 

Operating expenses

   564,808

   640,508

 

   831,561

   950,383

 

 

 

NET LOSS

$   (4,462)

$  (52,119)

 

 

 

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


$   (4,417)


$  (51,598)

 

 

 

Net loss allocated to other
Partners


$      (45)


$     (521)

* Amounts include $(4,417) and $(51,598) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 39

2018

2017

Revenues

Rental

$         -

$    84,216

Interest and other

         -

         -

         -

    84,216

Expenses

Interest

-

3,119

Depreciation and amortization

-

14,546

Operating expenses

         -

    73,250

         -

    90,915

NET LOSS

$         -

$   (6,699)

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


$         -


$   (6,632)

Net loss allocated to other
Partners


$         -


$      (67)

* Amounts include $- and $(6,632) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

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

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30, 2018
(Unaudited)

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 40


2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$ 1,017,456

$ 1,149,937

Rental

$ 1,443,245

$ 1,677,092

Interest and other

    26,894

    26,095

Interest and other

    36,591

    37,872

 1,044,350

 1,176,032

 1,479,836

 1,714,964

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

189,214

238,819

Interest

267,896

342,476

Depreciation and amortization

276,150

335,439

Depreciation and amortization

378,996

493,185

Operating expenses

   794,063

   935,512

Operating expenses

 1,100,318

 1,380,725

 1,259,427

 1,509,770

 1,747,210

 2,216,386

 

 

   

NET LOSS

NET LOSS

$ (215,077)

$ (333,738)

NET LOSS

$ (267,374)

$ (501,422)

 

 

   

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


$ (212,926)


$ (330,401)

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

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


$ (264,700)


$ (496,408)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$   (2,151)


$   (3,337)

Net loss allocated to other
Partners


$   (2,674)


$   (5,014)

 

* Amounts include $(212,926) and $(330,401) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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




















Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 41

 

 

2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$ 1,815,549

$ 2,581,490

Rental

$ 2,723,324

$ 3,731,606

Interest and other

    29,661

    53,502

Interest and other

    44,492

    78,700

 1,845,210

 2,634,992

 2,767,816

 3,810,306

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

340,027

531,094

Interest

510,040

774,931

Depreciation and amortization

384,753

613,670

Depreciation and amortization

577,130

893,311

Operating expenses

 1,223,663

 1,808,103

Operating expenses

 1,835,494

 2,606,559

 1,948,443

 2,952,867

 2,922,664

 4,274,801

 

 

   

NET LOSS

NET LOSS

$ (103,233)

$ (317,875)

NET LOSS

$ (154,848)

$ (464,495)

 

 

   

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


$ (102,201)


$ (314,696)

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

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


$ (153,300)


$ (459,850)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$   (1,032)


$   (3,179)

Net loss allocated to other
Partners


$   (1,548)


$   (4,645)

* Amounts include $(102,201) and $(314,696) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 42


2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$ 1,196,029

$ 1,823,744

Rental

$ 1,660,288

$ 2,581,674

Interest and other

    47,542

    76,131

Interest and other

    68,234

   103,563

 1,243,571

 1,899,875

 1,728,522

 2,685,237

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

242,115

395,600

Interest

337,485

560,478

Depreciation and amortization

362,541

560,944

Depreciation and amortization

501,382

801,778

Operating expenses

   876,593

 1,360,604

Operating expenses

 1,204,267

 1,918,744

 1,481,249

 2,317,148

 2,043,134

 3,281,000

 

 

   

NET LOSS

NET LOSS

$ (237,678)

$ (417,273)

NET LOSS

$ (314,612)

$ (595,763)

 

 

   

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


$ (235,301)


$ (413,100)

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

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


$ (311,466)


$ (589,805)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$   (2,377)


$   (4,173)

Net loss allocated to other
Partners


$   (3,146)


$   (5,958)

 

* Amounts include $(235,301) and $(413,100) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 43


2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$ 2,093,498

$ 2,619,352

Rental

$ 2,592,340

$ 3,823,594

Interest and other

    90,363

   131,204

Interest and other

   110,695

   186,172

 2,183,861

 2,750,556

 2,703,035

 4,009,766

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

256,666

411,981

Interest

308,956

586,218

Depreciation and amortization

695,187

863,189

Depreciation and amortization

788,153

1,263,725

Operating expenses

 1,576,475

 2,020,128

Operating expenses

 1,974,029

 2,952,130

 2,528,328

 3,295,298

 3,071,138

 4,802,073

 

 

   

NET LOSS

NET LOSS

$ (344,467)

$ (544,742)

NET LOSS

$ (368,103)

$ (792,307)

 

 

   

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


$ (341,022)


$ (539,295)

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

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


$ (364,422)


$ (784,384)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$   (3,445)


$   (5,447)

Net loss allocated to other
Partners


$   (3,681)


$   (7,923)

 

* Amounts include $(341,022) and $(539,295) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 44


  

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$  2,981,014

$  2,931,740

Rental

$  4,471,520

$  4,397,610

Interest and other

     81,854

     90,941

Interest and other

    122,781

    136,412

  3,062,868

  3,022,681

  4,594,301

  4,534,022

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

695,577

701,213

Interest

1,043,365

1,051,820

Depreciation and amortization

676,174

683,908

Depreciation and amortization

1,014,262

1,025,862

Operating expenses

  1,711,083

  1,757,026

Operating expenses

  2,566,624

  2,635,539

  3,082,834

  3,142,147

  4,624,251

  4,713,221

NET LOSS

NET LOSS

$   (19,966)

$  (119,466)

NET LOSS

$   (29,950)

$  (179,199)

 

 

   

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


$   (19,766)


$  (118,271)

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

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


$   (29,651)


$  (177,407)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$      (200)


$    (1,195)

Net loss allocated to other
Partners


$      (299)


$    (1,792)

 

* Amounts include $(19,766) and $(118,271) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

Series 45


2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$  3,545,117

$  3,620,177

Rental

$  4,990,180

$  5,430,265

Interest and other

     80,792

     73,570

Interest and other

    103,760

    110,355

  3,625,909

  3,693,747

  5,093,940

  5,540,620

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

455,418

485,156

Interest

656,160

727,734

Depreciation and amortization

944,459

984,440

Depreciation and amortization

1,328,457

1,476,660

Operating expenses

  2,613,391

  2,621,021

Operating expenses

  3,702,951

  3,931,531

  4,013,268

  4,090,617

  5,687,568

  6,135,925

 

 

   

NET LOSS

NET LOSS

$  (387,359)

$  (396,870)

NET LOSS

$  (593,628)

$  (595,305)

 

 

   

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


$  (383,485)


$  (392,901)

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

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


$  (587,692)


$  (589,352)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$    (3,874)


$    (3,969)

Net loss allocated to other
Partners


$    (5,936)


$    (5,953)

 

* Amounts include $(383,485) and $(392,901) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

Boston Capital Tax Credit Fund IV L.P.


NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018
(Unaudited)

 

NOTE D - INVESTMENT IN OPERATING PARTNERSHIPS - (continued)

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

 

Series 46


2018

2017

2018

2017

Revenues

Revenues

 

 

Revenues

  

Rental

$ 2,360,265

$ 2,309,911

Rental

$ 3,540,398

$ 3,464,867

Interest and other

    71,601

    50,192

Interest and other

   107,401

    75,287

 2,431,866

 2,360,103

 3,647,799

 3,540,154

 

 

   

Expenses

Expenses

 

 

Expenses

  

Interest

469,907

471,942

Interest

704,861

707,913

Depreciation and amortization

567,002

571,780

Depreciation and amortization

850,503

857,671

Operating expenses

 1,482,724

 1,504,519

Operating expenses

 2,224,086

 2,256,779

 2,519,633

 2,548,241

 3,779,450

 3,822,363

 

 

   

NET LOSS

NET LOSS

$  (87,767)

$ (188,138)

NET LOSS

$ (131,651)

$ (282,209)

 

 

   

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


$  (86,889)


$ (186,257)

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

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


$ (130,334)


$ (279,387)

 

 

   

Net loss allocated to other
Partners

Net loss allocated to other
Partners


$     (878)


$   (1,881)

Net loss allocated to other
Partners


$   (1,317)


$   (2,822)

 

 

* Amounts include $(86,889) and $(186,257) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting.

 

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

 

 

 

Boston Capital Tax Credit Fund IV L.P.

NOTES TO CONDENSED FINANCIAL STATEMENTS - CONTINUED
September 30,December 31, 2018

(Unaudited)

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.

 

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 2014 remain open.

 

NOTE G - SUBSEQUENT EVENTS

 

Events that occur afterSubsequent to December 31, 2018, the balance sheet date but beforeFund has entered into an agreement to transfer the financial statements were availableinterest in five operating limited partnerships. The estimated transfer price and other terms for the dispositions of the operating limited partnerships have been determined. The estimated proceeds to be issued mustreceived for the operating limited partnerships are $689,744. The estimated gain on the transfer of the operating limited partnerships are $661,244and are expected to be evaluated for recognition or disclosure.  The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes.  Management evaluated the activityfourth quarter of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements.fiscal year ending March 31, 2019.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

This Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements including our intentions, hopes, beliefs, expectations, strategies and predictions of our future activities, or other future events or conditions. These statements are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created by these acts. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including, for example, the factors identified in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended March 31, 2018. Although we believe that the assumptions underlying these forward-looking statements are reasonable, any of the assumptions could be inaccurate, and there can be no assurance that the forward-looking statements included in this Report will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of this information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved.

 

Liquidity

The Fund's primary source of funds was the proceeds of its Public Offering.  Other sources of liquidity include (i) interest earned on capital contributions unpaid for the sixnine months ended September 30,December 31, 2018 or on working capital reserves, (ii) cash distributions from operations of the Operating Partnerships in which the Fund has invested and (iii) proceeds received from the dispositions of the Operating Partnership that are returned to fund reserves.  These sources of liquidity, along with the Fund's working capital reserve, are available to meet the obligations of the Partnership.  The Fund does not anticipate significant cash distributions from operations of the Operating Partnerships.

 

The Fund is currently accruing the fund management fee.  Fund management fees accrued during the quarter ended September 30,December 31, 2018 were $478,473$465,131 and total fund management fees accrued as of September 30,December 31, 2018 were $25,428,841.$19,490,438. During the sixnine months ended September 30,December 31, 2018, $4,842,166$5,841,912 of the accrued fund management fees were paid. Pursuant to the Partnership Agreement, these liabilities will be deferred until the Fund receives proceeds from sales of the Operating Partnerships that will be used to satisfy these liabilities. The Fund's working capital and sources of liquidity coupled with affiliated party liability accruals allow sufficient levels of liquidity to meet the third party obligations of the Fund.  The Fund is currently unaware of any trends that would create insufficient liquidity to meet future third party obligations of the Fund.

















 

Liquidity (continued)

As of September 30,December 31, 2018, an affiliate of the general partner of the Fund advanced a total of $227,325$232,650 to Series 44 to pay some operating expenses of the Fund, and to make advances and/or loans to Operating Partnerships. These advances are included in Accounts payable affiliates. During the sixnine months ended September 30,December 31, 2018, $7,087$12,412 was advanced to Series 44 from an affiliate of the general partner. As of September 30,December 31, 2017 $220,455 and $54,659 was paid back from Series 39 and Series 45, respectively, to an affiliate of the general partner. All payables to affiliates will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the Fund's interests in Operating Partnerships.

 

Capital Resources

The Fund offered BACs in the Public Offering declared effective by the Securities and Exchange Commission on December 16, 1993. The Fund received $38,667,000, $18,927,000, $25,644,000, $33,366,000, $21,697,000, $30,248,000, $39,959,000, $24,607,000, $39,999,000, $39,918,000, $26,490,750, $44,057,750, $47,431,000, $26,362,000, $35,273,000, $33,004,630, $21,068,375, $25,125,000, $25,431,000, $22,921,000, $26,629,250, $28,916,260, $27,442,620, $27,442,620, $36,379,870, $27,019,730, $40,143,670 and $29,809,980 representing 3,866,700, 1,892,700, 2,564,400, 3,336,727, 2,169,878, 3,026,109, 3,995,900, 2,460,700, 4,000,738, 3,991,800, 2,651,000, 4,417,857, 4,754,198, 2,636,533, 3,529,319, 3,300,463, 2,106,837, 2,512,500, 2,543,100, 2,292,152, 2,630,256, 2,891,626, 2,744,262, 3,637,987, 2,701,973, 4,014,367 and 2,980,998 BACs from investors admitted as BAC Holders in Series 20, Series 21, Series 22, Series 23, Series 24, Series 25, Series 26, Series 27, Series 28, Series 29, Series 30, Series 31, Series 32, Series 33, Series 34, Series 35, Series 36, Series 37, Series 38, Series 39, Series 40, Series 41, Series 42, Series 43, Series 44, Series 45 and Series 46, respectively, as of September 30,December 31, 2018.

Series 20

The Fund commenced offering BACs in Series 20 on January 21, 1994. Offers and sales of BACs in Series 20 were completed on June 24, 1994. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $27,693,970.Series 20 has since sold its interest in 23all 24 of the Operating Partnerships and 1 remains.Partnerships.

Prior to the quarter ended September 30,December 31, 2018, Series 20 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 21

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

Prior to the quarter ended September 30,December 31, 2018, Series 21 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 22

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

Prior to the quarter ended September 30,December 31, 2018, Series 22 had released all payments of its capital contributions to the Operating Partnerships.

Series 23

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

Prior to the quarter ended September 30,December 31, 2018, Series 23 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 24

The Fund commenced offering BACs in Series 24 on June 9, 1995. Offers and sales of BACs in Series 24 were completed on September 22, 1995. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 24 Operating Partnerships in the amount of $15,796,309. Series 24 has since sold its interest in 1920 of the Operating Partnerships and 54 remain.

Prior to the quarter ended September 30,December 31, 2018, Series 24 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 25

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

Prior to the quarter ended September 30,December 31, 2018, Series 25 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 26

The Fund commenced offering BACs in Series 26 on January 18, 1996. Offers and sales of BACs in Series 26 were completed on June 14, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 45 Operating Partnerships in the amount of $29,401,215. Series 26 has since sold its interest in 37 of the Operating Partnerships and 8 remain.

Prior to the quarter ended September 30,December 31, 2018, Series 26 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 27

The Fund commenced offering BACs in Series 27 on June 17, 1996. Offers and sales of BACs in Series 27 were completed on September 27, 1996. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $17,881,574. Series 27 has since sold its interest in 13 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30,December 31, 2018, Series 27 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 28

The Fund commenced offering BACs in Series 28 on September 30, 1996. Offers and sales of BACs in Series 28 were completed on January 31, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 26 Operating Partnership in the amount of $29,281,983. Series 28 has since sold its interest in 22 of the Operating Partnerships and 4 remain.

Prior to the quarter ended September 30,December 31, 2018, Series 28 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 29

The Fund commenced offering BACs in Series 29 on February 10, 1997. Offers and sales of BACs in Series 29 were completed on June 20, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 22 Operating Partnerships in the amount of $29,137,877. Series 29 has since sold its interest in 17 of the Operating Partnerships and 5 remain.

During the quarter ended September 30,December 31, 2018, Series 29 did not record any releases of capital contributions. Series 29 has outstanding contributions payable to 1 Operating Partnership in the amount of $785 as of September 30,December 31, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 30

The Fund commenced offering BACs in Series 30 on June 23, 1997. Offers and sales of BACs in Series 30 were completed on September 10, 1997. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 20 Operating Partnerships in the amount of $19,497,869. Series 30 has since disposed ofsold its interest in 18all 20 of the Operating Partnerships and 2 remain.Partnerships.

DuringPrior to the quarter ended September 30,December 31, 2018, Series 30 did not record any releaseshad released all payments of its capital contributions. Series 30 has outstanding contributions payable to 1the Operating Partnership in the amount of $48,627 as of September 30, 2018. The remaining contributions will be released when Operating Partnership has achieved the conditions set forth in its partnership agreement.Partnerships.

Series 31

The Fund commenced offering BACs in Series 31 on September 11, 1997. Offers and sales of BACs in Series 31 were completed on January 18, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 27 Operating Partnerships in the amount of $32,569,100. Series 31 has since disposed of its interest in 2126 of the Operating Partnerships and 6 remain.1 remains.

During the quarter ended September 30,December 31, 2018, Series 31 did not record any releases of capital contributions. Series 31 has outstanding contributions payable to 21 Operating PartnershipsPartnership in the amount of $43,842$25,000 as of September 30,December 31, 2018. Of the amount outstanding, $25,000 has been funded into an escrow account on behalf of one Operating Partnership. The escrowed funds will be converted to capital and the remaining contributions of $18,842 will be released when the Operating Partnerships havePartnership has achieved the conditions set forth in their respectiveits partnership agreements.agreement.

 

Series 32

The Fund commenced offering BACs in Series 32 on January 19, 1998. Offers and sales of BACs in Series 32 were completed on June 23, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 17 Operating Partnerships in the amount of $34,129,677. Series 32 has since sold its interest in 12 of the Operating Partnerships and 5 remain. The series has also purchased membership interests in Bradley Phase I of Massachusetts LLC, Bradley Phase II of Massachusetts LLC, Byam Village of Massachusetts LLC, Hanover Towers of Massachusetts LLC, Harbor Towers of Massachusetts LLC and Maple Hill of Massachusetts LLC. In December 2010, the investment general partner sold its membership interests and a gain on the sale of the membership interests has been recorded in the amount of $499,998 as of December 31, 2010. Under the terms of these Assignments of Membership Interests dated December 1, 1998, the series is entitled to various profits, losses, tax credits, cash flow, proceeds from capital transactions and capital accounts as defined in the individual Operating Partnership Agreements. The series utilized $1,092,847 of funds available to invest in Operating Partnerships for this investment.

During the quarter ended September 30,December 31, 2018, Series 32 did not record any releases of capital contributions. Series 32 has outstanding contributions payable to 1 Operating Partnership in the amount of $1,229 as of September 30,December 31, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 33

The Fund commenced offering BACs in Series 33 on June 22, 1998. Offers and sales of BACs in Series 33 were completed on September 21, 1998. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $19,594,100. Series 33 has since sold its interest in 7 of the Operating Partnerships and 3 remain.

Prior to the quarter ended September 30,December 31, 2018, Series 33 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 34

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

Prior to the quarter ended September 30,December 31, 2018, Series 34 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 35

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

Prior to the quarter ended September 30,December 31, 2018, Series 35 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 36

The Fund commenced offering BACs in Series 36 on June 22, 1999. Offers and sales of BACs in Series 36 were completed on September 28, 1999. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 11 Operating Partnerships in the amount of $15,277,041. Series 36 has since sold its interest in 9 of the Operating Partnerships and 2 remain.

Prior to the quarter ended September 30,December 31, 2018, Series 36 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 37

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


Prior to the quarter ended September 30,December 31, 2018, Series 37 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 38

The Fund commenced offering BACs in Series 38 on February 1, 2000. Offers and sales of BACs in Series 38 were completed on July 31, 2000. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 10 Operating Partnerships in the amount of $18,612,287. Series 38 has since sold its interest in 7 of the Operating Partnerships and 3 remain. In addition, the Fund committed and used $420,296 of Series 38 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

Prior to the quarter ended September 30,December 31, 2018, Series 38 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 39

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

 

Prior to the quarter ended September 30,December 31, 2018, Series 39 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 40

The Fund commenced offering BACs in Series 40 on February 1, 2001. Offers and sales of BACs in Series 40 were completed on July 31, 2001. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 16 Operating Partnerships in the amount of $19,030,772. Series 40 has since sold its interest in 8 of the Operating Partnerships and 8 remain. In addition, the Fund committed and used $578,755 of Series 40 net offering proceeds to acquire a membership interest in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

During the quarter ended September 30,December 31, 2018, Series 40 did not record any releases of capital contributions. Series 40 has outstanding contributions payable to 1 Operating Partnership in the amount of $102 as of September 30,December 31, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

Series 41

The Fund commenced offering BACs in Series 41 on August 1, 2001. Offers and sales of BACs in Series 41 were completed on January 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $21,278,631. Series 41 has since sold its interest in 12 of the Operating Partnerships and 11 remain. In addition, the Fund committed and used $195,249 of Series 41 net offering proceeds to acquire a membership interest in a limited liability company, which is the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes.

 

Prior to the quarter ended September 30,December 31, 2018, Series 41 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 42

The Fund commenced offering BACs in Series 42 on February 1, 2002. Offers and sales of BACs in Series 42 were completed on July 31, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $20,661,120. Series 42 has since sold its interest in 1314 of the Operating Partnerships and 109 remain.

During the quarter ended September 30,December 31, 2018, Series 42 did not record any releases of capital contributions. Series 42 has outstanding contributions payable to 1 Operating Partnership in the amount of $254 as of September 30,December 31, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

 

Series 43

The Fund commenced offering BACs in Series 43 on August 1, 2002. Offers and sales of BCAs in Series 43 were completed in June 30, 2002. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 23 Operating Partnerships in the amount of $26,326,543. Series 43 has since sold its interest in 79 of the Operating Partnerships and 1614 remain. The Fund also committed and used $805,160 of Series 43 net offering proceeds to acquire membership interests in limited liability companies, which are the general partner of other operating limited partnerships, which own or are constructing, rehabilitating or operating apartment complexes. In addition, the Fund committed and used $268,451 of Series 43 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

 

During the quarter ended September 30,December 31, 2018, Series 43 did not record any releases of capital contributions. Series 43 has outstanding contributions payable to 1 Operating Partnerships in the amount of $26,082 as of September 30,December 31, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

 

Series 44

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

 

Prior to the quarter ended September 30,December 31, 2018, Series 44 had released all payments of its capital contributions to the Operating Partnerships.

 

Series 45

The Fund commenced offering BACs in Series 45 on July 1, 2003. Offers and sales of BACs in Series 45 were completed on September 16, 2003. The Fund has committed proceeds to pay initial and additional installments of capital contributions to 31 Operating Partnerships in the amount of $30,232,512. Series 45 has since sold its interest in 6 of the Operating Partnerships and 25 remain. In addition, the Fund committed and used $302,862 of Series 45 net offering proceeds to acquire a limited partnership equity interest in a limited liability company, which is the general partner of other operating limited partnerships which own or are constructing, rehabilitating or operating apartment complexes.

 

During the quarter ended September 30,December 31, 2018, Series 45 did not record any releases of capital contributions. Series 45 has outstanding contributions payable to 1 Operating Partnership in the amount of $16,724 as of September 30,December 31, 2018. The remaining contributions will be released when the Operating Partnership has achieved the conditions set forth in its partnership agreement.

 

Series 46

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

 

Prior to the quarter ended September 30,December 31, 2018, Series 46 had released all payments of its capital contributions to the Operating Partnerships.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Results of Operations

As of September 30,December 31, 2018 and 2017, the Fund held limited partnership interests in 150132 and 191179 Operating Partnerships, respectively. In each instance the apartment complex owned by the applicable Operating Partnership is eligible for the federal housing tax credit. Initial occupancy of a unit in each apartment complex which complied with the minimum set-aside test (i.e., initial occupancy by tenants with incomes equal to no more than a certain percentage of area median income) and the rent restriction test (i.e., gross rent charged tenants does not exceed 30% of the applicable income standards) is referred to as "Qualified Occupancy." Each of the Operating Partnerships and each of the respective apartment complexes are described more fully in the Prospectus or applicable report on Form 8-K. The general partner of the Fund believes that there is adequate casualty insurance on the properties.

 

The Fund incurred a fund management fee to Boston Capital Asset Management Limited Partnership in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the Operating Partnerships, less the amount of various asset management and reporting fees paid by the Operating Partnerships. The fund management fees net of reporting fees incurred and the reporting fees paid by the Operating Partnerships for the three and sixnine months ended September 30,December 31, 2018, are as follows:

 


3 Months
Gross Fund
Management Fee


3 Months
Asset Management and
Reporting Fee

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


3 Months
Gross Fund
Management Fee


3 Months
Asset Management and
Reporting Fee

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

Series 20

$  2,549

$     -

$  2,549

$  2,549

$     -

$  2,549

Series 21

-

-

-

-

-

-

Series 22

6,426

-

6,426

6,426

-

6,426

Series 23

5,556

-

5,556

5,556

-

5,556

Series 24

10,761

1,167

9,594

10,761

834

9,927

Series 25

-

-

-

-

-

-

Series 26

13,938

-

13,938

13,938

-

13,938

Series 27

7,635

2,380

5,255

7,635

10,000

(2,365)

Series 28

7,296

-

7,296

7,296

-

7,296

Series 29

7,261

-

7,261

7,261

3,000

4,261

Series 30

7,462

-

7,462

5,668

-

5,668

Series 31

16,535

-

16,535

16,065

-

16,065

Series 32

19,794

-

19,794

19,794

1,500

18,294

Series 33

13,318

4,420

8,898

13,318

4,000

9,318

Series 34

12,366

4,200

8,166

12,365

-

12,365

Series 35

10,653

6,600

4,053

10,653

6,600

4,053

Series 36

5,990

-

5,990

5,172

3,397

1,775

Series 37

3,396

-

3,396

-

-

-

Series 38

16,581

-

16,581

16,581

6,000

10,581

Series 39

-

-

-

-

-

-

Series 40

26,594

5,400

21,194

23,390

-

23,390

Series 41

34,076

-

34,076

34,076

1,915

32,161

Series 42

27,505

12,256

15,249

23,847

416

23,431

Series 43

45,091

500

44,591

45,090

39,558

5,532

Series 44

57,826

11,634

46,192

57,826

4,143

53,683

Series 45

67,565

20,550

47,015

67,565

4,655

62,910

Series 46

 52,299

 4,461

 47,838

 52,299

 3,000

 49,299

$478,473

$73,568

$404,905

$465,131

$89,018

$376,113

 

 

 

 

 

 

 

 


6 Months
Gross Fund
Management Fee


6 Months
Asset Management and
Reporting Fee

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


9 Months
Gross Fund
Management Fee


9 Months
Asset Management and
Reporting Fee

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

Series 20

$  5,320

$   500

$   4,820

$    7,869

$   500

$     7,369

Series 21

-

-

-

-

-

-

Series 22

12,852

500

12,352

19,278

500

18,778

Series 23

11,112

3,606

7,506

16,668

3,606

13,062

Series 24

21,522

1,167

20,355

32,283

2,001

30,282

Series 25

-

-

-

-

-

-

Series 26

29,547

1,000

28,547

43,485

1,000

42,485

Series 27

15,270

2,380

12,890

22,905

12,380

10,525

Series 28

16,140

2,000

14,140

23,436

2,000

21,436

Series 29

22,354

-

22,354

29,615

3,000

26,615

Series 30

18,291

5,717

12,574

23,959

5,717

18,242

Series 31

35,627

1,500

34,127

51,692

1,500

50,192

Series 32

41,881

-

41,881

61,675

1,500

60,175

Series 33

26,636

4,420

22,216

39,954

8,419

31,535

Series 34

24,732

4,200

20,532

37,097

4,200

32,897

Series 35

21,306

6,600

14,706

31,959

13,200

18,759

Series 36

13,616

1,910

11,706

18,788

5,307

13,481

Series 37

13,580

8,018

5,562

13,580

8,018

5,562

Series 38

34,815

3,000

31,815

51,396

9,000

42,396

Series 39

-

-

-

-

-

-

Series 40

53,188

7,550

45,638

76,578

7,550

69,028

Series 41

72,780

14,920

57,860

106,856

16,834

90,022

Series 42

56,839

23,443

33,396

80,686

23,859

56,827

Series 43

90,726

18,052

72,674

135,816

57,610

78,206

Series 44

115,651

24,995

90,656

173,477

29,139

144,338

Series 45

137,589

33,057

104,532

205,154

37,712

167,442

Series 46

104,598

 10,807

 93,791

  156,897

 13,807

  143,090

$995,972

$179,342

$816,630

$1,461,103

$268,359

$1,192,744

 

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

Series 20

As of September 30, 2018 andDecember 31, 2017, the average Qualified Occupancy for the series was 100%.The series had a totaldid not have any properties as of 1 property at September 30, 2018, which was at 100% Qualified Occupancy.December 31, 2018.

For the sixnine month periodsended September 30,December 31, 2018 and 2017, Series 20 reflects a net loss from Operating Partnerships of $(15,264)$- and $(49,180)$(63,950), respectively, which includes depreciation and amortization of $28,416$- and $72,185,$91,765, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

In April 2018, the investment general partner of Boston Capital Tax Credit Fund III - Series 18 and Series 20 transferred their respective interests in Virginia Avenue Affordable Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $499,989 and cash proceeds to the investment partnerships of $823,080 and $156,777 for Series 18 and Series 20, respectively. Of the total proceeds received, $7,560 and $1,440, for Series 18 and Series 20, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $815,520 and $155,337, for Series 18 and Series 20, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership, net of the overhead and expense reimbursement, has been recorded in the amount of $815,520 and $155,337, for Series 18 and Series 20, respectively, as of June 30, 2018.

 

In December 2018, the investment general partner transferred its interest in Concordia Housing Associates I, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,299,239 and cash proceeds to the investment partnership of $44,000. Of the total proceeds received, $2,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,000 were returned to cash reserves held by Series 20. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,000 as of December 31, 2018.

Series 21

As of September 30,December 31, 2017, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of September 30,December 31, 2018.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $(9,375)$-, respectively, which includes depreciation and amortization of $- and $41,440,$-, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

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

 

Series 22

As of September 30, 2018 andDecember 31, 2017, the average Qualified Occupancy for the series was 100%.The series had a totaldid not have any properties as of 3 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.December 31, 2018.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 22 reflects a net loss from Operating Partnerships of $(30,638)$- and $(35,259)$(52,888), respectively, which includes depreciation and amortization of $54,539$- and $69,003,$103,504, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates II, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,335,237 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates III, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,320,530 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Drakes Branch Elderly Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,121,427 and cash proceeds to the investment partnership of $320. Of the total proceeds received, $320 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. There were no remaining proceeds to be returned to cash reserves held by Series 22. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transfer has been recorded as of December 31, 2018.

Series 23

As of September 30, 2018 andDecember 31, 2017, the average Qualified Occupancy for the series was 100%.The series had a totaldid not have any properties as of 3 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.December 31, 2018.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 23 reflects a net loss from Operating Partnerships of $(16,479)$- and $(10,702)$(16,053), respectively, which includes depreciation and amortization of $45,095$- and $44,899,$67,348, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates II, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,335,237 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partners transferred their respective interests in Concordia Housing Associates III, Limited Partnership to a non-affiliated entity for its assumption of the outstanding mortgage balance of approximately $1,320,530 and cash proceeds to the investment partnerships of $20,000 and $20,000 for Series 22 and Series 23, respectively. Of the total proceeds received, $1,000 and $1,000 for Series 22 and Series 23, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,000 and $19,000 for Series 22 and Series 23, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,000 and $19,000 for Series 22 and Series 23, respectively, as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Ithaca I Limited Partnership I to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $413,732 and cash proceeds to the investment partnership of $8,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $5,500 were returned to cash reserves held by Series 23. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $5,500 as of December 31, 2018.

 

Series 24

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 54 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 24 reflects a net loss from Operating Partnerships of $(57,033)$(85,578) and $(76,524)$(114,786), respectively, which includes depreciation and amortization of $121,938$178,656 and $140,696,$211,044, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In March 2018, the operating general partner of Woodland Associates Limited Partnership sold the property to an entity affiliated with the operating general partner. The sales price of the property was $1,295,876, which included the outstanding mortgage balance of approximately $1,038,276 and cash proceeds to the investment partnership of $100,000. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $95,000 will be returned to cash reserves held by Series 24. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $95,000 as of March 31, 2018.

 

In December 2018, the investment general partners transferred their respective interests in Northfield Housing, Limited Partnership to entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $34,341 and cash proceeds to the investment partnerships of $26,678 and $13,322 for Series 24 and Series 42, respectively. Of the total proceeds received, $3,000 and $1,500 for Series 24 and Series 42, respectively, will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,678 and $11,822 for Series 24 and Series 42, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $23,678 and $11,822 for Series 24 and Series 42, respectively, as of December 31, 2018.

Series 25

As of September 30,December 31, 2017, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of September 30,December 31, 2018.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $-, respectively, which includes depreciation and amortization of $- and $-, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In September 2017, the investment general partner transferred its interest in Ethel Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $736,238 and cash proceeds to the investment partnership of $21,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,500 as of September 30,December 31, 2017.

 

In August 2017, the investment general partner transferred its interest in Horse Cave Family Apartments to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $753,559 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,500 as of September 30,December 31, 2017.

 

In September 2017, the investment general partner transferred its interest in Shannon Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,157,526 and cash proceeds to the investment partnership of $36,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $34,500 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $34,500 as of September 30,December 31, 2017.

 

In September 2017, the investment general partner transferred its interest in West Point Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $638,133 and cash proceeds to the investment partnership of $35,311. Of the total proceeds received, $1,412 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $33,899 were returned to cash reserves held by Series 25. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $33,899 as of September 30,December 31, 2017.

 

Series 26

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 26 reflects a net loss from Operating Partnerships of $(158,897)$(238,345) and $(236,765)$(348,980), respectively, which includes depreciation and amortization of $155,406$233,109 and $232,520,$321,930, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In September 2017, the investment general partner transferred its interest in Mason Housing, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $849,683 and cash proceeds to the investment partnership of $18,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $16,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $16,500 as of September 30,December 31, 2017.

 

In September 2017, the investment general partner transferred its interest in Maxton Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $802,661 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of September 30,December 31, 2017.

 

In September 2017, the investment general partner transferred its interest in Meridian Housing Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $651,291 and cash proceeds to the investment partnership of $36,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $34,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $34,500 as of September 30,December 31, 2017.

 

In September 2017, the investment general partner transferred its interest in Timmonsville Green Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $970,535 and cash proceeds to the investment partnership of $16,000. Of the total proceeds received, $1,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $14,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $14,500 as of September 30,December 31, 2017.

 

In June 2018, the investment general partner transferred its interest in Beckwood Manor One Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $831,636 and cash proceeds to the investment partnership of $14,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $10,500 were returned to cash reserves held by Series 26. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,500 as of June 30, 2018.

 

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

 

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

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

Brookhaven Apartments Partnership, A LP

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

Warrensburg Heights L.P.

 

Series 27

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 27 reflects a net loss from Operating Partnerships of $(44,105)$(66,158) and $(65,825)$(83,576), respectively, which includes depreciation and amortization of $88,925$133,387 and $120,642,$165,370, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

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

 

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

 

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

 

Angelou Court

 

Series 28

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 28 reflects a net loss from Operating Partnerships of $(65,455)$(98,184) and $(72,546)$(108,817), respectively, which includes depreciation and amortization of $91,762$137,643 and $112,889,$169,333, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In June 2018, the investment general partner transferred its interest in Evergreen Three Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $749,754 and cash proceeds to the investment partnership of $12,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $8,500 were returned to cash reserves held by Series 28. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $8,500 as of June 30, 2018.

 

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

 

Maplewood Apartments Partnership, A LA Partnership

 

Series 29

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 29 reflects a net loss from Operating Partnerships of $(114,593)$(161,623) and $(263,762)$(395,641), respectively, which includes depreciation and amortization of $114,458$162,256 and $247,758,$371,636, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In November 2017, the operating general partner of Harbor Pointe/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,900,000, which included the outstanding mortgage balance of approximately $1,129,405 and cash proceeds to the investment partnerships of $300,283 and $108,265 for Series 29 and Series 33, respectively. Of the total proceeds received by the investment partnerships, $3,675 and $1,325 for Series 29 and Series 33, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $296,608 and $106,940 for Series 29 and Series 33, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $296,608 and $106,940 for Series 29 and Series 33, respectively as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $7,350 and $2,650 for Series 29 and Series 33, respectively, was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

 

In June 2018, the investment general partner transferred its interest in Edgewood Apartments Partnership, A Louisiana Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,914,574 and cash proceeds to the investment partnership of $108,000. Of the total proceeds received, $5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $102,500 were returned to cash reserves held by Series 29. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $102,500 as of June 30, 2018.

 

In June 2018, the investment general partner transferred its interest in Emerald Trace Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,591,041 and cash proceeds to the investment partnership of $25,494. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $20,494 were returned to cash reserves held by Series 29. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $20,494 as of June 30, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 29 was recorded as gain on the transfer of the Operating Partnership as of June 30, 2018.

 

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

 

Westfield Apartments Partnership, A Louisiana Partnership

The Lincoln Hotel

Poplarville Housing Inc.

 

Series 30

As of September 30, 2018 andDecember 31, 2017, the average Qualified Occupancy for the series was 100%.The series had a totaldid not have any properties as of 2 properties at September 30, 2018, all of which were at 100% Qualified Occupancy.December 31, 2018.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 30 reflects a net loss from Operating Partnerships of $(43,152)$- and $(68,786)$(103,181), respectively, which includes depreciation and amortization of $76,907$- and $145,249,$217,874, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In September 2018, the investment general partner transferred its interest in JMC Limited Liability Company to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $885,168 and cash proceeds to the investment partnership of $7,500. Of the total proceeds received, $6,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $1,000 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $1,000 as of September 30,December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $16,549 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of September 30,December 31, 2018.

 

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

 

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

 

In March 2018, the investment general partner transferred its interest in Bellwood Four Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $578,951 and cash proceeds to the investment partnership of $14,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $10,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $10,500 as of March 31, 2018.

 

In June 2018, the investment general partner transferred its interest in Emerald Trace II Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $206,800 and cash proceeds to the investment partnership of $24,506. Of the total proceeds received, $5,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $19,506 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $19,506 as of June 30, 2018.

 

In June 2018, the investment general partner transferred its interest in Pyramid One, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $500,927 and cash proceeds to the investment partnership of $10,000. Of the total proceeds received, $5,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $4,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $4,500 as of June 30, 2018.

In December 2018, the investment general partner transferred its interest in Jeffries Associates Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,313,353 and cash proceeds to the investment partnership of $60,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $57,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $57,500 as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in K.G.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,695,038 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $47,500 were returned to cash reserves held by Series 30. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $47,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $48,627 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

 

Series 31

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 6 properties1 property at September 30,December 31, 2018, all of which werewas at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 31 reflects a net loss from Operating Partnerships of $(230,081)$(47,829) and $(232,834)$(340,535), respectively, which includes depreciation and amortization of $209,468$104,349 and $264,177,$385,046, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

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

 

In June 2018, the investment general partner transferred its interest in Heritage One to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $814,632 and cash proceeds to the investment partnership of $11,000. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,500 as of June 30, 2018.

 

In July 2018, the investment general partner transferred its interest in N.M.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $781,448 and cash proceeds to the investment partnership of $42,000. Of the total proceeds received, $2,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $39,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $39,500 as of September 30,December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $22,452 for Series 31 was recorded as gain on the transfer of the Operating Partnership as of September 30,December 31, 2018.

The

In December 2018, the investment general partner will continue to monitor the following Operating Partnerships because of operational or other issues. However, these Operating Partnerships have all exited their LIHTC compliance period and there is therefore no risk to past credit delivery.

transferred its interest in Canton Housing One L.P.Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,985,952 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transferhas been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Two L.P.Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $954,499 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transferhas been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Three L.P.Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $735,823 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transferhas been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Canton Housing Four L.P.Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $676,092 and nominal cash proceeds to the investment partnership. There were no cash proceeds available to pay expenses related to the transfer and no proceeds were returned to cash reserves held by Series 31. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the transfer of the Operating Partnership of the proceeds from the transferhas been recorded as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in G.A.V.A. Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $657,592 and cash proceeds to the investment partnership of $20,000. Of the total proceeds received, $2,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $17,500 were returned to cash reserves held by Series 31. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $17,500 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $18,842 for Series 30 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

 

Series 32

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 5 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 32 reflects a net loss from Operating Partnerships of $(206,936)$(310,404) and $(244,184)$(376,982), respectively, which includes depreciation and amortization of $219,165$328,747 and $311,842,$455,816, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

In July 2017, the operating general partner of Courtside Housing Associates, Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on September 12, 2017. The sales price of the property was $3,625,000, which included the outstanding mortgage balance of approximately $600,000 and cash proceeds to the investment partnership of $1,536,999. Of the total proceeds received by the investment partnership, $3,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $1,533,999 were returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $1,533,999 as of September 30,December 31, 2017.

 

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

In January 2018, the operating general partner of Pyramid Four Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on May 17, 2018. The sales price of the property was $1,536,000, which included the outstanding mortgage balance of approximately $388,399 and cash proceeds to the investment partnership of $492,880. Of the total proceeds received by the investment partnership, $5,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $487,880 will be returned to cash reserves held by Series 32. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $487,880 as of June 30, 2018.

 

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

 

Pecan Manor Apartments

Parkside Plaza, LLP

 

Series 33

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 33 reflects a net loss from Operating Partnerships of $(50,927)$(76,388) and $(107,568)$(147,866), respectively, which includes depreciation and amortization of $139,535$209,302 and $179,293,$260,563, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In October 2017, the investment general partner transferred their respective interests in Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $435,500 and cash proceeds to the investment partnerships of $1,583 and $3,295 for Series 33 and Series 37, respectively. Of the total proceeds received, $633 and $1,318 for Series 33 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $950 and $1,977 for Series 33 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $950 and $1,977 for Series 33 and Series 37, respectively, as of December 31, 2017. In addition, equity outstanding for the Operating Partnership in the amount of $66,504 and $138,438 for Series 33 and Series 37, respectively, was recorded as gain on the transfer of the Operating Partnership as of December 31, 2017.

 

In November 2017, the operating general partner of Harbor Pointe/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,900,000, which included the outstanding mortgage balance of approximately $1,129,405 and cash proceeds to the investment partnerships of $300,283 and $108,265 for Series 29 and Series 33, respectively. Of the total proceeds received by the investment partnerships, $3,675 and $1,325 for Series 29 and Series 33, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $296,608 and $106,940 for Series 29 and Series 33, respectively, will be returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $296,608 and $106,940 for Series 29 and Series 33, respectively as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $7,350 and $2,650 for Series 29 and Series 33, respectively, was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

 

Series 34

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 4 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 34 reflects a net loss from Operating Partnerships of $(45,780)$(68,669) and $(63,801)$(95,701), respectively, which includes depreciation and amortization of $137,095$205,643 and $137,814,$206,720, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

RHP 96-I, L.P.

Belmont Affordable Housing II, LP

 

Series 35

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 35 reflects a net loss from Operating Partnerships of $(14,939)$(22,409) and $(14,918)$(23,237), respectively, which includes depreciation and amortization of $161,156$241,734 and $173,454,$254,427, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In September 2017, the investment general partner transferred its interest in Cypress Point Housing Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,480,787 and cash proceeds to the investment partnership of $2,656,528. Of the total proceeds received, $3,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $2,653,528 were returned to cash reserves held by Series 35. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $2,653,528 as of September 30,December 31, 2017.

 

Series 36

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 2 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 36 reflects a net loss from Operating Partnerships of $(41,774)$(56,064) and $(65,936)$(98,904), respectively, which includes depreciation and amortization of $70,217$83,885 and $84,557,$126,835, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2017, the operating general partner of Ashton Ridge L.D.H.A., Limited Partnership entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on July 31, 2018. The sales price of the property was $4,780,000, which included the outstanding mortgage balance of approximately $2,220,645.$2,200,645. In addition, to cash proceeds from the sale, the operating/cash reserves/escrows of $212,517 were distributed after the sale. Cash proceeds from the sale returned to the investment partnerships $244,787 and $1,027,525, for Series 36 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $1,624 and $6,876 for Series 36 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, as of September 30,December 31, 2018. In November 2018, the investment partnerships received additional proceeds equal to its share of the final reconciliation of the Operating Partnership's cash in the amounts of $9,941 and $41,726, which was returned to the cash reserves of Series 36 and Series 37, respectively.

 

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

 

Wingfield Apartments Limited Partnership

 

Series 37

As of September 30,December 31, 2017, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of September 30,December 31, 2018.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 37 reflects a net loss from Operating Partnerships of $- and $(71,880)$(88,845), respectively, which includes depreciation and amortization of $- and $139,403,$197,321, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In December 2017, the operating general partner of Ashton Ridge L.D.H.A., Limited Partnership entered into an agreement to sell the property to an entity affiliated with the operating general partner and the transaction closed on July 31, 2018. The sales price of the property was $4,780,000, which included the outstanding mortgage balance of approximately $2,220,645.$2,200,645. In addition, to cash proceeds from the sale, the operating/cash reserves/escrows of $212,517 were distributed after the sale. Cash proceeds from the sale returned to the investment partnerships $244,787 and $1,027,525, for Series 36 and Series 37, respectively. Of the total proceeds received by the investment partnerships, $1,624 and $6,876 for Series 36 and Series 37, respectively, was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $243,163 and $1,020,649 for Series 36 and Series 37, respectively, as of September 30,December 31, 2018. In November 2018, the investment partnerships received additional proceeds equal to its share of the final reconciliation of the Operating Partnership's cash in the amounts of $9,941 and $41,726, which was returned to the cash reserves of Series 36 and Series 37, respectively.

 

In October 2017, the investment general partner transferred their respective interests in Stearns Assisted Housing Associates to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $435,500 and cash proceeds to the investment partnerships of $1,583 and $3,295 for Series 33 and Series 37, respectively. Of the total proceeds received, $633 and $1,318 for Series 33 and Series 37, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $950 and $1,977 for Series 33 and Series 37, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $950 and $1,977 for Series 33 and Series 37, respectively, as of December 31, 2017. In addition, equity outstanding for the Operating Partnership in the amount of $66,504 and $138,438 for Series 33 and Series 37, respectively, was recorded as gain on the transfer of the Operating Partnership as of December 31, 2017.

 

Series 38

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 3 properties at September 30,December 31, 2018, all of which were at 100% qualified occupancy.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 38 reflects a net loss from Operating Partnerships of $(4,462)$(6,692) and $(52,119)$(78,178), respectively, which includes depreciation and amortization of $155,514$233,270 and $186,314,$279,470, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In June 2018, the investment general partner transferred its interest in Heritage Two Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $823,454 and cash proceeds to the investment partnership of $10,500. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $7,000 were returned to cash reserves held by Series 38. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $7,000 as of June 30, 2018.

 

Series 39

As of September 30,December 31, 2017, the average Qualified Occupancy for the series was 100%.The series did not have any properties as of September 30,December 31, 2018.

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 21 reflects a net loss from Operating Partnerships of $- and $(6,699)$-, respectively, which includes depreciation and amortization of $- and $14,546,$-, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

Series 40

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 8 properties at September 30,December 31, 2018, all of which at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 40 reflects a net loss from Operating Partnerships of $(215,077)$(267,374) and $(333,738)$(501,422), respectively, which includes depreciation and amortization of $276,150$378,996 and $335,439,$493,185, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In September 2018, the investment general partner transferred its interest in MA No. 2 LLC to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,003,723 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $5,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $44,500 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $44,500 as of September 30,December 31, 2018.

 

In In August 2017, the investment general partner transferred their respective interests in Springfield Metro, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $23,195,469 and cash proceeds to the investment partnerships of $589,289 and $720,242 for Series 40 and Series 41, respectively. Of the total proceeds received, $337 and $413 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $588,952 and $719,829 for Series 40 and Series 41, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $588,952 and $719,829 for Series 40 and Series 41, respectively, as of September 30,December 31, 2017.

In January 2019, the investment general partner transferred its interest in Sedgwick-Sundance Apartments, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,082,984 and cash proceeds to the investment partnership of $27,144. Of the total proceeds received, $9,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs and appraisal services. The remaining proceeds of approximately $17,644 were returned to cash reserves held by Series 40. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

 

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

 

Center Place Apartments II Limited Partnership

Oakland Partnership, A Louisiana Partnership

 

Series 41

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 11 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 41 reflects a net loss from Operating Partnerships of $(103,233)$(154,848) and $(317,875)$(464,495), respectively, which includes depreciation and amortization of $384,753$577,130 and $613,670,$893,311, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,300,000, which included the outstanding mortgage balance of approximately $1,234,960 and nominal cash proceeds to the investment partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds available to pay expenses related to the sale and no proceeds were returned to cash reserves held by Series 41, Series 42 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership was recorded for Series 41, Series 42 and Series 45, respectively, as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

 

In August 2017, the investment general partner transferred their respective interests in Springfield Metro, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $23,195,469 and cash proceeds to the investment partnerships of $589,289 and $720,242 for Series 40 and Series 41, respectively. Of the total proceeds received, $337 and $413 for Series 40 and Series 41, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $588,952 and $719,829 for Series 40 and Series 41, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $588,952 and $719,829 for Series 40 and Series 41, respectively, as of September 30,December 31, 2017.

 

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

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

 

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, as of March 31, 2018.

 

In April 2018, the operating general partner of Madison Housing Associates Two Limited Partnership entered into an agreement to sell the property to a non-affiliated entity and the transaction closed on June 15, 2018. The sales price of the property was $2,012,220, which included the outstanding mortgage balance of approximately $1,387,319 and cash proceeds to the investment partnership of $23,000. Of the total proceeds received by the investment partnership, $9,000 was paid to BCAMLP for expenses related to the sale, which include third party legal costs. The remaining proceeds from the sale of $14,000 were returned to cash reserves held by Series 41. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the sale of the Operating Partnership of the proceeds from the sale, net of the overhead and expense reimbursement, has been recorded in the amount of $14,000 as of June 30, 2018.

 

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

 

Cedar Grove Apartments Phase I

Rural Housing Partners of Mendota

 

Series 42

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 109 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 42 reflects a net loss from Operating Partnerships of $(237,678)$(314,612) and $(417,273)$(595,763), respectively, which includes depreciation and amortization of $362,541$501,382 and $560,944,$801,778, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In August 2018, the investment general partner transferred its interest in Great Bridge Dover Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,638,266 and cash proceeds to the investment partnership of $50,000. Of the total proceeds received, $7,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $42,500 were returned to cash reserves held by Series 42. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $42,500 as of September 30,December 31, 2018.

 

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,300,000, which included the outstanding mortgage balance of approximately $1,234,960 and nominal cash proceeds to the investment partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds available to pay expenses related to the sale and no proceeds were returned to cash reserves held by Series 41, Series 42 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership was recorded for Series 41, Series 42 and Series 45, respectively, as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

 

In November 2017, the investment general partner transferred their respective interests in Dorchester Court LDHA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,993,006 and cash proceeds to the investment partnerships of $230,000 and $230,000 for Series 42 and Series 43, respectively. Of the total proceeds received, $4,500 and $4,500 for Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $225,500 and $225,500 for Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $225,500 and $225,500 for Series 42 and Series 43, respectively, as of December 31, 2017.

 

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

 

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, as of March 31, 2018.

 

In December 2018, the investment general partners transferred their respective interests in Northfield Housing, Limited Partnership to entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $34,341 and cash proceeds to the investment partnerships of $26,678 and $13,322 for Series 24 and Series 42, respectively. Of the total proceeds received, $3,000 and $1,500 for Series 24 and Series 42, respectively, will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $23,678 and $11,822 for Series 24 and Series 42, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $23,678 and $11,822 for Series 24 and Series 42, respectively, as of December 31, 2018.

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

 

Wingfield Apartments Partnership II, LP

 

Series 43


As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 1614 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 43 reflects a net loss from Operating Partnerships of $(344,467)$(368,103) and $(544,742)$(792,307), respectively, which includes depreciation and amortization of $695,187$788,153 and $863,189,$1,263,725, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

In April 2018, the investment general partner transferred its interest in Bohannon Place, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $185,872 and cash proceeds to the investment partnership of $15,000. Of the total proceeds received, $6,000 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $9,000 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $9,000 as of June 30, 2018.

 

In November 2017, the investment general partner transferred their respective interests in Dorchester Court LDHA Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $3,993,006 and cash proceeds to the investment partnerships of $230,000 and $230,000 for Series 42 and Series 43, respectively. Of the total proceeds received, $4,500 and $4,500 for Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $225,500 and $225,500 for Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $225,500 and $225,500 for Series 42 and Series 43, respectively, as of December 31, 2017.

 

In January 2018, the investment general partner transferred their respective interests in San Diego/Fox Hollow, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $7,277,023 and cash proceeds to the investment partnerships of $245,497, $166,126 and $343,581 for Series 41, Series 42 and Series 43, respectively. Of the total proceeds received, $1,625, $1,100 and $2,275 for Series 41, Series 42 and Series 43, respectively, was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, were returned to cash reserves. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $243,872, $165,026 and $341,306 for Series 41, Series 42 and Series 43, respectively, as of March 31, 2018.

 

In December 2018, the investment general partner transferred its interest in Carpenter School I Elderly Apartments Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $1,342,297 and cash proceeds to the investment partnership of $40,000. Of the total proceeds received, $34,762 represents reporting fees due to an affiliate of the investment partnership and the balance represents proceeds from the transfers. Of the remaining proceeds, $4,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $738 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $738 as of December 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $26,082 for Series 43 was recorded as gain on the transfer of the Operating Partnership as of December 31, 2018.

In December 2018, the investment general partner transferred its interest in Henderson Fountainhead, A Texas Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $807,402 and cash proceeds to the investment partnership of $43,200. Of the total proceeds received, $3,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $39,700 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $39,700 as of December 31, 2018.

In January 2019, the investment general partner transferred its interest in MDI Limited Partnership #81 to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $2,027,416 and cash proceeds to the investment partnership of $360,000. Of the total proceeds received, $7,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $352,500 were returned to cash reserves held by Series 43. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

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

 

Carpenter School I Elderly Apartments Limited

Parkside Plaza, LLP

 

Series 44

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy was 100%. The series had a total of 7 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 44 reflects a net loss from Operating Partnerships of $(19,966)$(29,950) and $(119,466)$(179,199), respectively, which includes depreciation and amortization of $676,174$1,014,262 and $683,908,$1,025,862, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

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

 

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

 

Series 45

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 25 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 45 reflects a net loss from Operating Partnerships of $(387,359)$(593,628) and $(396,870)$(595,305), respectively, which includes depreciation and amortization of $944,459$1,328,457 and $984,440,$1,476,660, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

Jefferson Housing, LP (Jefferson House) is a 101-unit property located in Lynchburg, VA. The property continues to operate below breakeven. The investment general partner will continue to work with the operating general partner and the management company to monitor and improve operations in conjunction with the Virginia Housing Development Authority. As of September 30,December 31, 2018, the property is maintaining average occupancy of 89%. Reporting delays remain a consistent issue. The operating general partner has an unlimited operating deficit guarantee. The low income housing tax credit compliance period expires on December 31, 2019.

 

In November 2017, the operating general partner of Harbor Pointe II/MHT LDHA Limited Partnership entered into an agreement to sell the property a non-affiliated entity and the transaction closed on February 6, 2018. The sales price of the property was $1,300,000, which included the outstanding mortgage balance of approximately $1,234,960 and nominal cash proceeds to the investment partnerships Series 41, Series 42 and Series 45, respectively. There were no cash proceeds available to pay expenses related to the sale and no proceeds were returned to cash reserves held by Series 41, Series 42 and Series 45, respectively. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, no gain on the sale of the Operating Partnership was recorded for Series 41, Series 42 and Series 45, respectively, as of March 31, 2018. In addition, equity outstanding for the Operating Partnership in the amount of $100 for Series 41 was recorded as gain on the sale of the Operating Partnership as of March 31, 2018.

 

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2017 and continues to operate below breakeven due to high operating expenses. Water expenses continue to rise as a result of a significant rate increase implemented in 2016. Additionally, the property has ongoing sewage pump and sewer line issues. The sewer line must be pumped at least once a quarter, totaling $12,000 annually. This expense is expected to continue until the sewer line is replaced, however the operating general partner does not plan to replace the line in 2018. The property is estimated to be generating a cash deficit of ($10,618)$31,075 through September 2018.December 2018, but a replacement reserve withdrawal in 2019 will reimburse expensed sewer line repairs totaling $15,428. Occupancy declined slightly in 2017, averaging 95% but has improved to an average of 97% in 2018. Effective September 19, 2018, the City of Pascagoula voted to enforce a mandatory building inspection for all vacant units prior to the unit be leased. Utility and electrical services will not be provided to a new tenant without the approval from the City. The City of Pascagoula is charging a $50 fee per unit inspection. In April 2018, Mississippi Home Corporation completed a 100% file audit. The audit found 10 gross rent violations due to confusion over the Partnership's set-aside of 20/50. The operating general partner advanced $33,384 in 2018 to reimburse residents who were overcharged rents. Mississippi Home Corporation will issue a close out letter for the compliance audit after they receive a tenant ledger showing all rental rate overages were resolved for the entire 2018 calendar year. The investment generallimited partner will continue to work with the operating general partner and the management company to improve operations. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021.

 

In June 2018, the investment general partner transferred its interest in New Shinnston Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $455,569 and cash proceeds to the investment partnership of $350,000. Of the total proceeds received, $7,500 was paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $342,500 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution. Annual losses generated by the Operating Partnership, which were applied against the investment limited partnership's investment in the Operating Partnership in accordance with the equity method of accounting, had previously reduced the investment limited partnership investment in the Operating Partnership to zero. Accordingly, a gain on the transfer of the Operating Partnership of the proceeds from the transfer, net of the overhead and expense reimbursement, has been recorded in the amount of $342,500 as of June 30, 2018.

 

In January 2019, the investment general partner transferred its interest in Borger Fountainhead, Limited Partnership to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $642,974 and cash proceeds to the investment partnership of $57,600. Of the total proceeds received, $3,500 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $54,100 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

In January 2019, the investment general partner transferred its interest in Lorie Village, Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $612,720 and cash proceeds to the investment partnership of $125,000. Of the total proceeds received, $4,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $121,000 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

In January 2019, the investment general partner transferred its interest in Lakeview Station Limited to an entity affiliated with the operating general partner for its assumption of the outstanding mortgage balance of approximately $532,127 and cash proceeds to the investment partnership of $120,000. Of the total proceeds received, $4,000 will be paid to BCAMLP for expenses related to the transfer, which include third party legal costs. The remaining proceeds of approximately $116,000 were returned to cash reserves held by Series 45. The monies held in cash reserves will be utilized to pay current operating expenses, accrued but unpaid asset management fees, and accrued but unpaid expenses of the investment partnership. After all outstanding obligations of the investment partnership are satisfied, any remaining monies will be distributed based on the number of BACs held by each investor at the time of distribution.

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

 

Heritage Christian Home III, L.P.

 

Series 46

As of September 30,December 31, 2018 and 2017, the average Qualified Occupancy for the series was 100%. The series had a total of 14 properties at September 30,December 31, 2018, all of which were at 100% Qualified Occupancy.

 

For the sixnine month periods ended September 30,December 31, 2018 and 2017, Series 46 reflects a net loss from Operating Partnerships of $(87,767)$(131,651) and $(188,138)$(282,209), respectively, which includes depreciation and amortization of $567,002$850,503 and $571,780,$857,671, respectively. This is an interim period estimate; it is not indicative of the final year-end results.

 

Panola Housing Ltd. (Panola Apartments) is a 32-unit family property in Carthage, TX. The property operated slightly above breakeven through 2017.2018. Occupancy remains strong through the thirdfourth quarter of 2018 averaging 98%97%. Property operations continue to be affected by high operating expenses. Operations remain slightly above breakeven in 2018. The investment general partner continues to work with the operating general partner and the management company to reduce expenses. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period expires on December 31, 2018. As the property has stabilized and is now operating above breakeven, the investment general partner will cease reporting for Panola Housing Ltd. subsequent to December 31, 2018.

 

Bartlett Bayou, L.P. (Bartlett Bayou Apartments) is a 48-unit family property in Pascagoula, MS. The property operated below breakeven in 2017 and continues to operate below breakeven due to high operating expenses. Water expenses continue to rise as a result of a significant rate increase implemented in 2016. Additionally, the property has ongoing sewage pump and sewer line issues. The sewer line must be pumped at least once a quarter, totaling $12,000 annually. This expense is expected to continue until the sewer line is replaced, however the operating general partner does not plan to replace the line in 2018. The property is estimated to be generating a cash deficit of ($10,618)$31,075 through September 2018.December 2018, but a replacement reserve withdrawal in 2019 will reimburse expensed sewer line repairs totaling $15,428. Occupancy declined slightly in 2017, averaging 95% but has improved to an average of 97% in 2018. Effective September 19, 2018, the City of Pascagoula voted to enforce a mandatory building inspection for all vacant units prior to the unit be leased. Utility and electrical services will not be provided to a new tenant without the approval from the City. The City of Pascagoula is charging a $50 fee per unit inspection. In April 2018, Mississippi Home Corporation completed a 100% file audit. The audit found 10 gross rent violations due to confusion over the Partnership's set-aside of 20/50. The operating general partner advanced $33,384 in 2018 to reimburse residents who were overcharged rents. Mississippi Home Corporation will issue a close out letter for the compliance audit after they receive a tenant ledger showing all rental rate overages were resolved for the entire 2018 calendar year. The investment generallimited partner will continue to work with the operating general partner and the management company to improve operations. The operating general partner's operating deficit guarantee has expired. The 15-year low income housing tax credit compliance period for Bartlett Bayou, L.P. expires on December 31, 2021.

 

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

 

Saint Martin Apartments, L.P. (Saint Martin Apartments) is a 40-unit family property in McComb, MS. The property operated below breakeven in 2017 mainly due to high operating expenses and a reduction in rental income resulting from a decrease in occupancy. Average occupancy has improved through the thirdfourth quarter of 2018, averaging 93% for the year which is up from 78% in 2017. Although occupancy has improved, operations remain belowOperations are slightly above breakeven mainly due to high operating expenses and high debt service.increased net rental income from improved occupancy. The investment limited partner will continue to work with the operating general partner on improving occupancy and reducing expenses. The 15-year low income housing tax credit compliance period for Saint Martin Apartments, L.P. expires on December 31, 2020.

 

Off Balance Sheet Arrangements

 

None.

 

 

Principal Accounting Policies and Estimates

 

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

 

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

 

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

 

The main reason an impairment loss typically occurs is that the annual operating losses, recorded in accordance with the equity method of accounting, of the investment in limited partnership does not reduce the balance as quickly as the annual use of the tax credits. In years prior to the year ended March 31, 2009, management included remaining tax credits as well as residual value in the calculated value of the underlying investments. However, management decided to take a more conservative approach to the investment calculation and determined that the majority of the residual value component of the valuation was zero for the years ended March 31, 2018 and 2017. However, it is important to note that this change in the accounting estimate to the calculation method of the impairment loss has no effect on the actual value or performance of the overall investment, nor does it have any effect on the remaining credits to be generated.

 

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













Principal Accounting Policies and Estimates - continued

 

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

 

 

 

 

 

 

 

 

 

 

 

 




















 

 

 

 

 




 

 

 

 

Item 3

Quantitative and Qualitative Disclosures About Market Risk

Not Applicable

 

Item 4

Controls and Procedures

(a)

Evaluation of Disclosure Controls and Procedures

 

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

 

(b)

Changes in Internal Controls

There were no changes in the Fund's internal control over financial reporting that occurred during the quarter ended September 30,December 31, 2018 that materially affected, or are reasonably likely to materially affect, the Fund's internal control over financial reporting.

 

 

 

PART II - OTHER INFORMATION

Item 1.

Legal Proceedings

None

Item 1A.

Risk Factors

There have been no material changes from the risk factors set forth under Part I, Item 1A. "Risk Factors" in our Form 10-K for the fiscal year ended March 31, 2018.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3.

Defaults Upon Senior Securities

None

Item 4.

Mine Safety Disclosures

Not Applicable

Item 5.

Other Information

None

Item 6.

Exhibits 

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

BCTC IV CERT 302

 

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

BCTC IV CERT 302

 

32.a Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of John P. Manning, Principal Executive Officer, filed herewith

BCTC IV CERT 906

 

32.b Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, of Marc N. Teal, Principal Financial Officer, filed herewith

BCTC IV CERT 906

 

101. The following materials from the Boston Capital Tax Credit Fund IV L.P. Quarterly Report on Form 10-Q for the quarterly period ended September 30,December 31, 2018 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Balance Sheets, (ii) the Condensed Statements of Operations, (iii) the Condensed Statements of Changes in Partners' Capital (Deficit), (iv) the Condensed Statements of Cash Flows and (v) related notes, filed herewith

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Boston Capital Tax Credit Fund IV L.P.  

By:

Boston Capital Associates IV L.P.
General Partner

By:

BCA Associates Limited Partnership
General Partner

By:

C&M Management, Inc.
General Partner

Date: NovemberFebruary 13, 20182019

By:

/s/ John P. Manning
John P. Manning

Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
Fund and in the capacities and on the dates indicated:

DATE:

SIGNATURE:

TITLE:

NovemberFebruary 13, 20182019

/s/ John P. Manning

Director, President (Principal Executive Officer), C&M Management, Inc.; Director, President (Principal Executive Officer) BCTC IV Assignor Corp.

John P. Manning

NovemberFebruary 13, 20182019

/s/ Marc N. Teal

Marc N. Teal

Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) C&M Management Inc.; Sr. Vice President, Chief Financial Officer (Principal Accounting and Financial Officer) BCTC IV Assignor Corp.