Document And Entity Information
Document And Entity Information | 3 Months Ended |
Jun. 30, 2018shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2018 |
Document Fiscal Year Focus | 2,019 |
Document Fiscal Period Focus | Q1 |
Entity Registrant Name | BOSTON CAPITAL TAX CREDIT FUND IV LP |
Entity Central Index Key | 913,778 |
Current Fiscal Year End Date | --03-31 |
Entity Filer Category | Smaller Reporting Company |
Entity Common Stock, Shares Outstanding | 0 |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Jun. 30, 2018 | Mar. 31, 2018 |
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | $ 0 | $ 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 25,426,773 | 27,208,717 |
Other assets | 40,088 | 40,088 |
ASSETS | 25,466,861 | 27,248,805 |
LIABILITIES | ||
Accounts payable and accrued expenses | 712,173 | 654,673 |
Accounts payable affiliates (Note C) | 27,093,397 | 29,495,273 |
Capital contributions payable | 176,646 | 176,746 |
LIABILITIES | 27,982,216 | 30,326,692 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 3,487,941 | 2,931,035 |
General Partner | (6,003,296) | (6,008,922) |
PARTNERS' CAPITAL (DEFICIT) | (2,515,355) | (3,077,887) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 25,466,861 | 27,248,805 |
Series Twenty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 246,325 | 241,987 |
Other assets | 0 | 0 |
ASSETS | 246,325 | 241,987 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,309,494 | 1,444,723 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,309,494 | 1,444,723 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (744,285) | (882,456) |
General Partner | (318,884) | (320,280) |
PARTNERS' CAPITAL (DEFICIT) | (1,063,169) | (1,202,736) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 246,325 | 241,987 |
Series Twenty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (898,231) | (898,231) |
General Partner | 898,231 | 898,231 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 210,051 | 221,864 |
Other assets | 0 | 0 |
ASSETS | 210,051 | 221,864 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,884,535 | 2,878,109 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,884,535 | 2,878,109 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,428,656) | (2,410,599) |
General Partner | (245,828) | (245,646) |
PARTNERS' CAPITAL (DEFICIT) | (2,674,484) | (2,656,245) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 210,051 | 221,864 |
Series Twenty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 237,867 | 446,136 |
Other assets | 0 | 0 |
ASSETS | 237,867 | 446,136 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 738,943 | 933,387 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 738,943 | 933,387 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (211,219) | (197,532) |
General Partner | (289,857) | (289,719) |
PARTNERS' CAPITAL (DEFICIT) | (501,076) | (487,251) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 237,867 | 446,136 |
Series Twenty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 423,184 | 453,512 |
Other assets | 0 | 0 |
ASSETS | 423,184 | 453,512 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 5,000 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 5,000 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 598,204 | 623,279 |
General Partner | (175,020) | (174,767) |
PARTNERS' CAPITAL (DEFICIT) | 423,184 | 448,512 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 423,184 | 453,512 |
Series Twenty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 219,815 | 219,815 |
General Partner | (219,815) | (219,815) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 620,521 | 642,258 |
Other assets | 0 | 0 |
ASSETS | 620,521 | 642,258 |
LIABILITIES | ||
Accounts payable and accrued expenses | 3,500 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 3,500 | 0 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 929,193 | 954,178 |
General Partner | (312,172) | (311,920) |
PARTNERS' CAPITAL (DEFICIT) | 617,021 | 642,258 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 620,521 | 642,258 |
Series Twenty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 6,789,575 | 6,799,933 |
Other assets | 0 | 0 |
ASSETS | 6,789,575 | 6,799,933 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 6,928,127 | 6,938,381 |
General Partner | (138,552) | (138,448) |
PARTNERS' CAPITAL (DEFICIT) | 6,789,575 | 6,799,933 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 6,789,575 | 6,799,933 |
Series Twenty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 734,504 | 742,564 |
Other assets | 0 | 0 |
ASSETS | 734,504 | 742,564 |
LIABILITIES | ||
Accounts payable and accrued expenses | 3,500 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 3,500 | 0 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,005,531 | 1,016,975 |
General Partner | (274,527) | (274,411) |
PARTNERS' CAPITAL (DEFICIT) | 731,004 | 742,564 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 734,504 | 742,564 |
Series Twenty Nine [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 443,270 | 622,414 |
Other assets | 0 | 0 |
ASSETS | 443,270 | 622,414 |
LIABILITIES | ||
Accounts payable and accrued expenses | 10,500 | 0 |
Accounts payable affiliates (Note C) | 3,278,047 | 3,559,561 |
Capital contributions payable | 785 | 885 |
LIABILITIES | 3,289,332 | 3,560,446 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,478,954) | (2,570,004) |
General Partner | (367,108) | (368,028) |
PARTNERS' CAPITAL (DEFICIT) | (2,846,062) | (2,938,032) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 443,270 | 622,414 |
Series Thirty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 317,818 | 453,433 |
Other assets | 0 | 0 |
ASSETS | 317,818 | 453,433 |
LIABILITIES | ||
Accounts payable and accrued expenses | 14,000 | 3,500 |
Accounts payable affiliates (Note C) | 1,470,765 | 1,620,957 |
Capital contributions payable | 65,176 | 65,176 |
LIABILITIES | 1,549,941 | 1,689,633 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (992,746) | (996,782) |
General Partner | (239,377) | (239,418) |
PARTNERS' CAPITAL (DEFICIT) | (1,232,123) | (1,236,200) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 317,818 | 453,433 |
Series Thirty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,950,407 | 1,971,680 |
Other assets | 25,000 | 25,000 |
ASSETS | 1,975,407 | 1,996,680 |
LIABILITIES | ||
Accounts payable and accrued expenses | 3,500 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 66,294 | 66,294 |
LIABILITIES | 69,794 | 66,294 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 2,265,816 | 2,290,341 |
General Partner | (360,203) | (359,955) |
PARTNERS' CAPITAL (DEFICIT) | 1,905,613 | 1,930,386 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,975,407 | 1,996,680 |
Series Thirty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 352,267 | 563,697 |
Other assets | 0 | 0 |
ASSETS | 352,267 | 563,697 |
LIABILITIES | ||
Accounts payable and accrued expenses | 5,000 | 0 |
Accounts payable affiliates (Note C) | 259,143 | 924,936 |
Capital contributions payable | 1,229 | 1,229 |
LIABILITIES | 265,372 | 926,165 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 492,389 | 47,520 |
General Partner | (405,494) | (409,988) |
PARTNERS' CAPITAL (DEFICIT) | 86,895 | (362,468) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 352,267 | 563,697 |
Series Thirty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 330,989 | 452,033 |
Other assets | 0 | 0 |
ASSETS | 330,989 | 452,033 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,159,333 | 1,252,955 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,159,333 | 1,252,955 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (594,281) | (567,133) |
General Partner | (234,063) | (233,789) |
PARTNERS' CAPITAL (DEFICIT) | (828,344) | (800,922) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 330,989 | 452,033 |
Series Thirty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 281,844 | 394,837 |
Other assets | 0 | 0 |
ASSETS | 281,844 | 394,837 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,752,734 | 2,840,368 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,752,734 | 2,840,368 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,145,791) | (2,120,686) |
General Partner | (325,099) | (324,845) |
PARTNERS' CAPITAL (DEFICIT) | (2,470,890) | (2,445,531) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 281,844 | 394,837 |
Series Thirty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 4,411,736 | 4,428,306 |
Other assets | 0 | 0 |
ASSETS | 4,411,736 | 4,428,306 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 4,649,644 | 4,666,048 |
General Partner | (237,908) | (237,742) |
PARTNERS' CAPITAL (DEFICIT) | 4,411,736 | 4,428,306 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 4,411,736 | 4,428,306 |
Series Thirty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 2,062,524 | 2,106,050 |
Other assets | 0 | 0 |
ASSETS | 2,062,524 | 2,106,050 |
LIABILITIES | ||
Accounts payable and accrued expenses | 131,000 | 131,000 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 131,000 | 131,000 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 2,090,872 | 2,133,963 |
General Partner | (159,348) | (158,913) |
PARTNERS' CAPITAL (DEFICIT) | 1,931,524 | 1,975,050 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 2,062,524 | 2,106,050 |
Series Thirty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 335,629 | 517,887 |
Other assets | 0 | 0 |
ASSETS | 335,629 | 517,887 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 323,333 | 513,149 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 323,333 | 513,149 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 227,737 | 220,255 |
General Partner | (215,441) | (215,517) |
PARTNERS' CAPITAL (DEFICIT) | 12,296 | 4,738 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 335,629 | 517,887 |
Series Thirty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,484,524 | 1,492,145 |
Other assets | 0 | 0 |
ASSETS | 1,484,524 | 1,492,145 |
LIABILITIES | ||
Accounts payable and accrued expenses | 3,500 | 0 |
Accounts payable affiliates (Note C) | 0 | 18,234 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 3,500 | 18,234 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,684,498 | 1,677,456 |
General Partner | (203,474) | (203,545) |
PARTNERS' CAPITAL (DEFICIT) | 1,481,024 | 1,473,911 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,484,524 | 1,492,145 |
Series Thirty Nine [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 196,043 | 196,043 |
General Partner | (196,043) | (196,043) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Forty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 266,196 | 431,341 |
Other assets | 0 | 0 |
ASSETS | 266,196 | 431,341 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,289,663 | 2,413,069 |
Capital contributions payable | 102 | 102 |
LIABILITIES | 2,289,765 | 2,413,171 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,778,390) | (1,737,068) |
General Partner | (245,179) | (244,762) |
PARTNERS' CAPITAL (DEFICIT) | (2,023,569) | (1,981,830) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 266,196 | 431,341 |
Series Forty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 402,614 | 741,152 |
Other assets | 0 | 0 |
ASSETS | 402,614 | 741,152 |
LIABILITIES | ||
Accounts payable and accrued expenses | 9,000 | 0 |
Accounts payable affiliates (Note C) | 2,538,438 | 2,893,606 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,547,438 | 2,893,606 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,874,207) | (1,881,761) |
General Partner | (270,617) | (270,693) |
PARTNERS' CAPITAL (DEFICIT) | (2,144,824) | (2,152,454) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 402,614 | 741,152 |
Series Forty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,295,554 | 1,327,017 |
Other assets | 11,300 | 11,300 |
ASSETS | 1,306,854 | 1,338,317 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 254 | 254 |
LIABILITIES | 254 | 254 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,534,472 | 1,565,620 |
General Partner | (227,872) | (227,557) |
PARTNERS' CAPITAL (DEFICIT) | 1,306,600 | 1,338,063 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,306,854 | 1,338,317 |
Series Forty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 572,013 | 854,364 |
Other assets | 0 | 0 |
ASSETS | 572,013 | 854,364 |
LIABILITIES | ||
Accounts payable and accrued expenses | 6,000 | 0 |
Accounts payable affiliates (Note C) | 619,920 | 915,591 |
Capital contributions payable | 26,082 | 26,082 |
LIABILITIES | 652,002 | 941,673 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | 242,332 | 235,085 |
General Partner | (322,321) | (322,394) |
PARTNERS' CAPITAL (DEFICIT) | (79,989) | (87,309) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 572,013 | 854,364 |
Series Forty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 84,245 | 84,006 |
Other assets | 0 | 0 |
ASSETS | 84,245 | 84,006 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,890,225 | 2,830,127 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,890,225 | 2,830,127 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,540,472) | (2,481,212) |
General Partner | (265,508) | (264,909) |
PARTNERS' CAPITAL (DEFICIT) | (2,805,980) | (2,746,121) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 84,245 | 84,006 |
Series Forty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,109,867 | 753,702 |
Other assets | 0 | 0 |
ASSETS | 1,109,867 | 753,702 |
LIABILITIES | ||
Accounts payable and accrued expenses | 522,673 | 515,173 |
Accounts payable affiliates (Note C) | 2,654,535 | 2,584,511 |
Capital contributions payable | 16,724 | 16,724 |
LIABILITIES | 3,193,932 | 3,116,408 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,709,562) | (1,985,417) |
General Partner | (374,503) | (377,289) |
PARTNERS' CAPITAL (DEFICIT) | (2,084,065) | (2,362,706) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,109,867 | 753,702 |
Series Forty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 463,249 | 466,399 |
Other assets | 3,788 | 3,788 |
ASSETS | 467,037 | 470,187 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,924,289 | 1,871,990 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,924,289 | 1,871,990 |
PARTNERS’ CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,179,938) | (1,125,043) |
General Partner | (277,314) | (276,760) |
PARTNERS' CAPITAL (DEFICIT) | (1,457,252) | (1,401,803) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | $ 467,037 | $ 470,187 |
CONDENSED BALANCE SHEETS _Paren
CONDENSED BALANCE SHEETS [Parenthetical] - $ / shares | Jun. 30, 2018 | Mar. 31, 2018 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 83,651,080 | 83,651,080 |
Units of limited partnership interest, outstanding | 83,175,478 | 83,175,478 |
Series Twenty [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,866,700 | 3,866,700 |
Units of limited partnership interest, outstanding | 3,829,200 | 3,829,200 |
Series Twenty One [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 1,892,700 | 1,892,700 |
Units of limited partnership interest, outstanding | 1,879,500 | 1,879,500 |
Series Twenty Two [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,564,400 | 2,564,400 |
Units of limited partnership interest, outstanding | 2,550,645 | 2,550,645 |
Series Twenty Three [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,336,727 | 3,336,727 |
Units of limited partnership interest, outstanding | 3,303,327 | 3,303,327 |
Series Twenty Four [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,169,878 | 2,169,878 |
Units of limited partnership interest, outstanding | 2,152,753 | 2,152,753 |
Series Twenty Five [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,026,109 | 3,026,109 |
Units of limited partnership interest, outstanding | 3,016,809 | 3,016,809 |
Series Twenty Six [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,995,900 | 3,995,900 |
Units of limited partnership interest, outstanding | 3,965,400 | 3,965,400 |
Series Twenty Seven [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,460,700 | 2,460,700 |
Units of limited partnership interest, outstanding | 2,443,900 | 2,443,900 |
Series Twenty Eight [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 4,000,738 | 4,000,738 |
Units of limited partnership interest, outstanding | 3,984,138 | 3,984,138 |
Series Twenty Nine [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,991,800 | 3,991,800 |
Units of limited partnership interest, outstanding | 3,955,225 | 3,955,225 |
Series Thirty [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,651,000 | 2,651,000 |
Units of limited partnership interest, outstanding | 2,621,200 | 2,621,200 |
Series Thirty One [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 4,417,857 | 4,417,857 |
Units of limited partnership interest, outstanding | 4,382,757 | 4,382,757 |
Series Thirty Two [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 4,754,198 | 4,754,198 |
Units of limited partnership interest, outstanding | 4,736,198 | 4,736,198 |
Series Thirty Three [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,636,533 | 2,636,533 |
Units of limited partnership interest, outstanding | 2,626,533 | 2,626,533 |
Series Thirty Four [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,529,319 | 3,529,319 |
Units of limited partnership interest, outstanding | 3,509,919 | 3,509,919 |
Series Thirty Five [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,300,463 | 3,300,463 |
Units of limited partnership interest, outstanding | 3,279,913 | 3,279,913 |
Series Thirty Six [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,106,838 | 2,106,838 |
Units of limited partnership interest, outstanding | 2,092,704 | 2,092,704 |
Series Thirty Seven [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,512,500 | 2,512,500 |
Units of limited partnership interest, outstanding | 2,489,100 | 2,489,100 |
Series Thirty Eight [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,543,100 | 2,543,100 |
Units of limited partnership interest, outstanding | 2,538,700 | 2,538,700 |
Series Thirty Nine [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,292,151 | 2,292,151 |
Units of limited partnership interest, outstanding | 2,288,351 | 2,288,351 |
Series Forty [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,630,256 | 2,630,256 |
Units of limited partnership interest, outstanding | 2,621,756 | 2,621,756 |
Series Forty One [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,891,626 | 2,891,626 |
Units of limited partnership interest, outstanding | 2,874,926 | 2,874,926 |
Series Forty Two [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,744,262 | 2,744,262 |
Units of limited partnership interest, outstanding | 2,732,262 | 2,732,262 |
Series Forty Three [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 3,637,987 | 3,637,987 |
Units of limited partnership interest, outstanding | 3,629,487 | 3,629,487 |
Series Forty Four [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,701,973 | 2,701,973 |
Units of limited partnership interest, outstanding | 2,693,973 | 2,693,973 |
Series Forty Five [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 4,014,367 | 4,014,367 |
Units of limited partnership interest, outstanding | 4,008,167 | 4,008,167 |
Series Forty Six [Member] | ||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, issued | 2,980,998 | 2,980,998 |
Units of limited partnership interest, outstanding | 2,968,635 | 2,968,635 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Income | ||
Interest income | $ 50,858 | $ 13,934 |
Other income | 186,487 | 87,713 |
Revenues | 237,345 | 101,647 |
Share of income from Operating Partnerships (Note D) | 1,189,317 | 4,529,631 |
Expenses | ||
Professional fees | 368,127 | 129,367 |
Fund management fee, net (Note C) | 411,725 | 520,374 |
General and administrative expenses | 84,278 | 107,022 |
Operating expenses | 864,130 | 756,763 |
NET INCOME (LOSS) | 562,532 | 3,874,515 |
Net income (loss) allocated to assignees | 556,906 | 3,835,770 |
Net income (loss) allocated to general partner | $ 5,626 | $ 38,745 |
Net income (loss) per BAC | $ 0.01 | $ 0.05 |
Series Twenty [Member] | ||
Income | ||
Interest income | $ 587 | $ 35 |
Other income | 0 | 0 |
Revenues | 587 | 35 |
Share of income from Operating Partnerships (Note D) | 155,337 | 0 |
Expenses | ||
Professional fees | 10,105 | 2,980 |
Fund management fee, net (Note C) | 2,271 | 3,718 |
General and administrative expenses | 3,981 | 4,238 |
Operating expenses | 16,357 | 10,936 |
NET INCOME (LOSS) | 139,567 | (10,901) |
Net income (loss) allocated to assignees | 138,171 | (10,792) |
Net income (loss) allocated to general partner | $ 1,396 | $ (109) |
Net income (loss) per BAC | $ 0.04 | $ 0 |
Series Twenty One [Member] | ||
Income | ||
Interest income | $ 0 | $ 29 |
Other income | 0 | 0 |
Revenues | 0 | 29 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 0 | 2,630 |
Fund management fee, net (Note C) | 0 | 2,256 |
General and administrative expenses | 0 | 3,506 |
Operating expenses | 0 | 8,392 |
NET INCOME (LOSS) | 0 | (8,363) |
Net income (loss) allocated to assignees | 0 | (8,279) |
Net income (loss) allocated to general partner | $ 0 | $ (84) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Two [Member] | ||
Income | ||
Interest income | $ 532 | $ 84 |
Other income | 0 | 0 |
Revenues | 532 | 84 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 9,480 | 2,980 |
Fund management fee, net (Note C) | 5,926 | 6,803 |
General and administrative expenses | 3,365 | 3,832 |
Operating expenses | 18,771 | 13,615 |
NET INCOME (LOSS) | (18,239) | (13,531) |
Net income (loss) allocated to assignees | (18,057) | (13,396) |
Net income (loss) allocated to general partner | $ (182) | $ (135) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Twenty Three [Member] | ||
Income | ||
Interest income | $ 923 | $ 866 |
Other income | 1,977 | 1,977 |
Revenues | 2,900 | 2,843 |
Share of income from Operating Partnerships (Note D) | 0 | 959,665 |
Expenses | ||
Professional fees | 10,915 | 3,755 |
Fund management fee, net (Note C) | 1,950 | 3,806 |
General and administrative expenses | 3,860 | 4,137 |
Operating expenses | 16,725 | 11,698 |
NET INCOME (LOSS) | (13,825) | 950,810 |
Net income (loss) allocated to assignees | (13,687) | 941,302 |
Net income (loss) allocated to general partner | $ (138) | $ 9,508 |
Net income (loss) per BAC | $ 0 | $ 0.28 |
Series Twenty Four [Member] | ||
Income | ||
Interest income | $ 593 | $ 82 |
Other income | 0 | 0 |
Revenues | 593 | 82 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 11,995 | 3,325 |
Fund management fee, net (Note C) | 10,761 | 11,421 |
General and administrative expenses | 3,165 | 3,784 |
Operating expenses | 25,921 | 18,530 |
NET INCOME (LOSS) | (25,328) | (18,448) |
Net income (loss) allocated to assignees | (25,075) | (18,264) |
Net income (loss) allocated to general partner | $ (253) | $ (184) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Twenty Five [Member] | ||
Income | ||
Interest income | $ 0 | $ 71 |
Other income | 0 | 0 |
Revenues | 0 | 71 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 0 | 2,980 |
Fund management fee, net (Note C) | 0 | 5,934 |
General and administrative expenses | 0 | 4,043 |
Operating expenses | 0 | 12,957 |
NET INCOME (LOSS) | 0 | (12,886) |
Net income (loss) allocated to assignees | 0 | (12,757) |
Net income (loss) allocated to general partner | $ 0 | $ (129) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Six [Member] | ||
Income | ||
Interest income | $ 924 | $ 136 |
Other income | 420 | 420 |
Revenues | 1,344 | 556 |
Share of income from Operating Partnerships (Note D) | 10,500 | 0 |
Expenses | ||
Professional fees | 18,280 | 4,725 |
Fund management fee, net (Note C) | 14,609 | 21,545 |
General and administrative expenses | 4,192 | 4,513 |
Operating expenses | 37,081 | 30,783 |
NET INCOME (LOSS) | (25,237) | (30,227) |
Net income (loss) allocated to assignees | (24,985) | (29,925) |
Net income (loss) allocated to general partner | $ (252) | $ (302) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Twenty Seven [Member] | ||
Income | ||
Interest income | $ 12,472 | $ 4,338 |
Other income | 0 | 0 |
Revenues | 12,472 | 4,338 |
Share of income from Operating Partnerships (Note D) | 0 | 3,291,567 |
Expenses | ||
Professional fees | 11,990 | 17,770 |
Fund management fee, net (Note C) | 7,635 | 14,968 |
General and administrative expenses | 3,205 | 3,832 |
Operating expenses | 22,830 | 36,570 |
NET INCOME (LOSS) | (10,358) | 3,259,335 |
Net income (loss) allocated to assignees | (10,254) | 3,226,742 |
Net income (loss) allocated to general partner | $ (104) | $ 32,593 |
Net income (loss) per BAC | $ 0 | $ 1.32 |
Series Twenty Eight [Member] | ||
Income | ||
Interest income | $ 930 | $ 148 |
Other income | 446 | 446 |
Revenues | 1,376 | 594 |
Share of income from Operating Partnerships (Note D) | 8,500 | 0 |
Expenses | ||
Professional fees | 10,740 | 4,025 |
Fund management fee, net (Note C) | 6,844 | 6,844 |
General and administrative expenses | 3,852 | 4,283 |
Operating expenses | 21,436 | 15,152 |
NET INCOME (LOSS) | (11,560) | (14,558) |
Net income (loss) allocated to assignees | (11,444) | (14,412) |
Net income (loss) allocated to general partner | $ (116) | $ (146) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Nine [Member] | ||
Income | ||
Interest income | $ 1,245 | $ 92 |
Other income | 0 | 0 |
Revenues | 1,245 | 92 |
Share of income from Operating Partnerships (Note D) | 123,094 | 0 |
Expenses | ||
Professional fees | 13,255 | 3,675 |
Fund management fee, net (Note C) | 15,093 | 20,546 |
General and administrative expenses | 4,021 | 4,351 |
Operating expenses | 32,369 | 28,572 |
NET INCOME (LOSS) | 91,970 | (28,480) |
Net income (loss) allocated to assignees | 91,050 | (28,195) |
Net income (loss) allocated to general partner | $ 920 | $ (285) |
Net income (loss) per BAC | $ 0.02 | $ (0.01) |
Series Thirty [Member] | ||
Income | ||
Interest income | $ 799 | $ 57 |
Other income | 2,049 | 1,243 |
Revenues | 2,848 | 1,300 |
Share of income from Operating Partnerships (Note D) | 24,006 | 263,893 |
Expenses | ||
Professional fees | 14,505 | 3,675 |
Fund management fee, net (Note C) | 5,112 | (31,900) |
General and administrative expenses | 3,160 | 3,764 |
Operating expenses | 22,777 | (24,461) |
NET INCOME (LOSS) | 4,077 | 289,654 |
Net income (loss) allocated to assignees | 4,036 | 286,757 |
Net income (loss) allocated to general partner | $ 41 | $ 2,897 |
Net income (loss) per BAC | $ 0 | $ 0.11 |
Series Thirty One [Member] | ||
Income | ||
Interest income | $ 3,970 | $ 1,017 |
Other income | 476 | 476 |
Revenues | 4,446 | 1,493 |
Share of income from Operating Partnerships (Note D) | 7,500 | 0 |
Expenses | ||
Professional fees | 15,140 | 5,425 |
Fund management fee, net (Note C) | 17,592 | 20,199 |
General and administrative expenses | 3,987 | 4,285 |
Operating expenses | 36,719 | 29,909 |
NET INCOME (LOSS) | (24,773) | (28,416) |
Net income (loss) allocated to assignees | (24,525) | (28,132) |
Net income (loss) allocated to general partner | $ (248) | $ (284) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Thirty Two [Member] | ||
Income | ||
Interest income | $ 1,270 | $ 323 |
Other income | 0 | 0 |
Revenues | 1,270 | 323 |
Share of income from Operating Partnerships (Note D) | 487,880 | 14,506 |
Expenses | ||
Professional fees | 13,637 | 4,025 |
Fund management fee, net (Note C) | 22,087 | 19,870 |
General and administrative expenses | 4,063 | 4,391 |
Operating expenses | 39,787 | 28,286 |
NET INCOME (LOSS) | 449,363 | (13,457) |
Net income (loss) allocated to assignees | 444,869 | (13,322) |
Net income (loss) allocated to general partner | $ 4,494 | $ (135) |
Net income (loss) per BAC | $ 0.09 | $ 0 |
Series Thirty Three [Member] | ||
Income | ||
Interest income | $ 942 | $ 91 |
Other income | 0 | 0 |
Revenues | 942 | 91 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 11,990 | 3,150 |
Fund management fee, net (Note C) | 13,318 | 9,898 |
General and administrative expenses | 3,056 | 3,692 |
Operating expenses | 28,364 | 16,740 |
NET INCOME (LOSS) | (27,422) | (16,649) |
Net income (loss) allocated to assignees | (27,148) | (16,483) |
Net income (loss) allocated to general partner | $ (274) | $ (166) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Thirty Four [Member] | ||
Income | ||
Interest income | $ 593 | $ 339 |
Other income | 0 | 0 |
Revenues | 593 | 339 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 10,110 | 3,675 |
Fund management fee, net (Note C) | 12,366 | 12,366 |
General and administrative expenses | 3,476 | 3,993 |
Operating expenses | 25,952 | 20,034 |
NET INCOME (LOSS) | (25,359) | (19,695) |
Net income (loss) allocated to assignees | (25,105) | (19,498) |
Net income (loss) allocated to general partner | $ (254) | $ (197) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Thirty Five [Member] | ||
Income | ||
Interest income | $ 7,811 | $ 1,454 |
Other income | 0 | 0 |
Revenues | 7,811 | 1,454 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 10,285 | 3,500 |
Fund management fee, net (Note C) | 10,653 | 17,481 |
General and administrative expenses | 3,443 | 3,977 |
Operating expenses | 24,381 | 24,958 |
NET INCOME (LOSS) | (16,570) | (23,504) |
Net income (loss) allocated to assignees | (16,404) | (23,269) |
Net income (loss) allocated to general partner | $ (166) | $ (235) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) |
Series Thirty Six [Member] | ||
Income | ||
Interest income | $ 4,438 | $ 1,405 |
Other income | 5,119 | 2,674 |
Revenues | 9,557 | 4,079 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 44,542 | 3,675 |
Fund management fee, net (Note C) | 5,716 | 5,716 |
General and administrative expenses | 2,825 | 3,570 |
Operating expenses | 53,083 | 12,961 |
NET INCOME (LOSS) | (43,526) | (8,882) |
Net income (loss) allocated to assignees | (43,091) | (8,793) |
Net income (loss) allocated to general partner | $ (435) | $ (89) |
Net income (loss) per BAC | $ (0.02) | $ 0 |
Series Thirty Seven [Member] | ||
Income | ||
Interest income | $ 810 | $ 1,161 |
Other income | 21,485 | 11,225 |
Revenues | 22,295 | 12,386 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 9,655 | 3,325 |
Fund management fee, net (Note C) | 2,166 | 4,483 |
General and administrative expenses | 2,916 | 3,631 |
Operating expenses | 14,737 | 11,439 |
NET INCOME (LOSS) | 7,558 | 947 |
Net income (loss) allocated to assignees | 7,482 | 938 |
Net income (loss) allocated to general partner | $ 76 | $ 9 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Eight [Member] | ||
Income | ||
Interest income | $ 2,836 | $ 735 |
Other income | 26,000 | 386 |
Revenues | 28,836 | 1,121 |
Share of income from Operating Partnerships (Note D) | 7,000 | 0 |
Expenses | ||
Professional fees | 10,470 | 4,025 |
Fund management fee, net (Note C) | 15,234 | 18,234 |
General and administrative expenses | 3,019 | 3,692 |
Operating expenses | 28,723 | 25,951 |
NET INCOME (LOSS) | 7,113 | (24,830) |
Net income (loss) allocated to assignees | 7,042 | (24,582) |
Net income (loss) allocated to general partner | $ 71 | $ (248) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Thirty Nine [Member] | ||
Income | ||
Interest income | $ 0 | $ 247 |
Other income | 0 | 386 |
Revenues | 0 | 633 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 0 | 3,675 |
Fund management fee, net (Note C) | 0 | 1,709 |
General and administrative expenses | 0 | 3,560 |
Operating expenses | 0 | 8,944 |
NET INCOME (LOSS) | 0 | (8,311) |
Net income (loss) allocated to assignees | 0 | (8,228) |
Net income (loss) allocated to general partner | $ 0 | $ (83) |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Forty [Member] | ||
Income | ||
Interest income | $ 631 | $ 29 |
Other income | 0 | 1,660 |
Revenues | 631 | 1,689 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 14,695 | 4,900 |
Fund management fee, net (Note C) | 24,444 | 29,766 |
General and administrative expenses | 3,231 | 3,714 |
Operating expenses | 42,370 | 38,380 |
NET INCOME (LOSS) | (41,739) | (36,691) |
Net income (loss) allocated to assignees | (41,322) | (36,324) |
Net income (loss) allocated to general partner | $ (417) | $ (367) |
Net income (loss) per BAC | $ (0.02) | $ (0.01) |
Series Forty One [Member] | ||
Income | ||
Interest income | $ 1,202 | $ 151 |
Other income | 41,340 | 11,143 |
Revenues | 42,542 | 11,294 |
Share of income from Operating Partnerships (Note D) | 14,000 | 0 |
Expenses | ||
Professional fees | 21,605 | 5,599 |
Fund management fee, net (Note C) | 23,784 | 52,990 |
General and administrative expenses | 3,523 | 3,944 |
Operating expenses | 48,912 | 62,533 |
NET INCOME (LOSS) | 7,630 | (51,239) |
Net income (loss) allocated to assignees | 7,554 | (50,727) |
Net income (loss) allocated to general partner | $ 76 | $ (512) |
Net income (loss) per BAC | $ 0 | $ (0.02) |
Series Forty Two [Member] | ||
Income | ||
Interest income | $ 3,114 | $ 345 |
Other income | 6,300 | 0 |
Revenues | 9,414 | 345 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 19,540 | 5,018 |
Fund management fee, net (Note C) | 18,147 | 41,835 |
General and administrative expenses | 3,190 | 3,775 |
Operating expenses | 40,877 | 50,628 |
NET INCOME (LOSS) | (31,463) | (50,283) |
Net income (loss) allocated to assignees | (31,148) | (49,780) |
Net income (loss) allocated to general partner | $ (315) | $ (503) |
Net income (loss) per BAC | $ (0.01) | $ (0.02) |
Series Forty Three [Member] | ||
Income | ||
Interest income | $ 1,935 | $ 99 |
Other income | 49,005 | 34,072 |
Revenues | 50,940 | 34,171 |
Share of income from Operating Partnerships (Note D) | 9,000 | 0 |
Expenses | ||
Professional fees | 20,810 | 5,843 |
Fund management fee, net (Note C) | 28,083 | 44,950 |
General and administrative expenses | 3,727 | 4,113 |
Operating expenses | 52,620 | 54,906 |
NET INCOME (LOSS) | 7,320 | (20,735) |
Net income (loss) allocated to assignees | 7,247 | (20,528) |
Net income (loss) allocated to general partner | $ 73 | $ (207) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Forty Four [Member] | ||
Income | ||
Interest income | $ 145 | $ 7 |
Other income | 0 | 0 |
Revenues | 145 | 7 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 12,360 | 4,025 |
Fund management fee, net (Note C) | 44,464 | 56,826 |
General and administrative expenses | 3,180 | 3,786 |
Operating expenses | 60,004 | 64,637 |
NET INCOME (LOSS) | (59,859) | (64,630) |
Net income (loss) allocated to assignees | (59,260) | (63,984) |
Net income (loss) allocated to general partner | $ (599) | $ (646) |
Net income (loss) per BAC | $ (0.02) | $ (0.02) |
Series Forty Five [Member] | ||
Income | ||
Interest income | $ 1,445 | $ 366 |
Other income | 22,205 | 21,605 |
Revenues | 23,650 | 21,971 |
Share of income from Operating Partnerships (Note D) | 342,500 | 0 |
Expenses | ||
Professional fees | 25,613 | 12,087 |
Fund management fee, net (Note C) | 57,517 | 65,811 |
General and administrative expenses | 4,379 | 4,632 |
Operating expenses | 87,509 | 82,530 |
NET INCOME (LOSS) | 278,641 | (60,559) |
Net income (loss) allocated to assignees | 275,855 | (59,953) |
Net income (loss) allocated to general partner | $ 2,786 | $ (606) |
Net income (loss) per BAC | $ 0.07 | $ (0.01) |
Series Forty Six [Member] | ||
Income | ||
Interest income | $ 711 | $ 227 |
Other income | 9,665 | 0 |
Revenues | 10,376 | 227 |
Share of income from Operating Partnerships (Note D) | 0 | 0 |
Expenses | ||
Professional fees | 16,410 | 4,900 |
Fund management fee, net (Note C) | 45,953 | 52,299 |
General and administrative expenses | 3,462 | 3,984 |
Operating expenses | 65,825 | 61,183 |
NET INCOME (LOSS) | (55,449) | (60,956) |
Net income (loss) allocated to assignees | (54,895) | (60,346) |
Net income (loss) allocated to general partner | $ (554) | $ (610) |
Net income (loss) per BAC | $ (0.02) | $ (0.02) |
CONDENSED STATEMENTS OF CHANGES
CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - 3 months ended Jun. 30, 2018 - USD ($) | Total | General Partner [Member] | Assignees [Member] | Series Twenty [Member] | Series Twenty [Member]General Partner [Member] | Series Twenty [Member]Assignees [Member] | Series Twenty One [Member] | Series Twenty One [Member]General Partner [Member] | Series Twenty One [Member]Assignees [Member] | Series Twenty Two [Member] | Series Twenty Two [Member]General Partner [Member] | Series Twenty Two [Member]Assignees [Member] | Series Twenty Three [Member] | Series Twenty Three [Member]General Partner [Member] | Series Twenty Three [Member]Assignees [Member] | Series Twenty Four [Member] | Series Twenty Four [Member]General Partner [Member] | Series Twenty Four [Member]Assignees [Member] | Series Twenty Five [Member] | Series Twenty Five [Member]General Partner [Member] | Series Twenty Five [Member]Assignees [Member] | Series Twenty Six [Member] | Series Twenty Six [Member]General Partner [Member] | Series Twenty Six [Member]Assignees [Member] | Series Twenty Seven [Member] | Series Twenty Seven [Member]General Partner [Member] | Series Twenty Seven [Member]Assignees [Member] | Series Twenty Eight [Member] | Series Twenty Eight [Member]General Partner [Member] | Series Twenty Eight [Member]Assignees [Member] | Series Twenty Nine [Member] | Series Twenty Nine [Member]General Partner [Member] | Series Twenty Nine [Member]Assignees [Member] | Series Thirty [Member] | Series Thirty [Member]General Partner [Member] | Series Thirty [Member]Assignees [Member] | Series Thirty One [Member] | Series Thirty One [Member]General Partner [Member] | Series Thirty One [Member]Assignees [Member] | Series Thirty Two [Member] | Series Thirty Two [Member]General Partner [Member] | Series Thirty Two [Member]Assignees [Member] | Series Thirty Three [Member] | Series Thirty Three [Member]General Partner [Member] | Series Thirty Three [Member]Assignees [Member] | Series Thirty Four [Member] | Series Thirty Four [Member]General Partner [Member] | Series Thirty Four [Member]Assignees [Member] | Series Thirty Five [Member] | Series Thirty Five [Member]General Partner [Member] | Series Thirty Five [Member]Assignees [Member] | Series Thirty Six [Member] | Series Thirty Six [Member]General Partner [Member] | Series Thirty Six [Member]Assignees [Member] | Series Thirty Seven [Member] | Series Thirty Seven [Member]General Partner [Member] | Series Thirty Seven [Member]Assignees [Member] | Series Thirty Eight [Member] | Series Thirty Eight [Member]General Partner [Member] | Series Thirty Eight [Member]Assignees [Member] | Series Thirty Nine [Member] | Series Thirty Nine [Member]General Partner [Member] | Series Thirty Nine [Member]Assignees [Member] | Series Forty [Member] | Series Forty [Member]General Partner [Member] | Series Forty [Member]Assignees [Member] | Series Forty One [Member] | Series Forty One [Member]General Partner [Member] | Series Forty One [Member]Assignees [Member] | Series Forty Two [Member] | Series Forty Two [Member]General Partner [Member] | Series Forty Two [Member]Assignees [Member] | Series Forty Three [Member] | Series Forty Three [Member]General Partner [Member] | Series Forty Three [Member]Assignees [Member] | Series Forty Four [Member] | Series Forty Four [Member]General Partner [Member] | Series Forty Four [Member]Assignees [Member] | Series Forty Five [Member] | Series Forty Five [Member]General Partner [Member] | Series Forty Five [Member]Assignees [Member] | Series Forty Six [Member] | Series Forty Six [Member]General Partner [Member] | Series Forty Six [Member]Assignees [Member] |
Partners' capital (deficit) April 1, 2018 at Mar. 31, 2018 | $ (3,077,887) | $ (6,008,922) | $ 2,931,035 | $ (1,202,736) | $ (320,280) | $ (882,456) | $ 0 | $ 898,231 | $ (898,231) | $ (2,656,245) | $ (245,646) | $ (2,410,599) | $ (487,251) | $ (289,719) | $ (197,532) | $ 448,512 | $ (174,767) | $ 623,279 | $ 0 | $ (219,815) | $ 219,815 | $ 642,258 | $ (311,920) | $ 954,178 | $ 6,799,933 | $ (138,448) | $ 6,938,381 | $ 742,564 | $ (274,411) | $ 1,016,975 | $ (2,938,032) | $ (368,028) | $ (2,570,004) | $ (1,236,200) | $ (239,418) | $ (996,782) | $ 1,930,386 | $ (359,955) | $ 2,290,341 | $ (362,468) | $ (409,988) | $ 47,520 | $ (800,922) | $ (233,789) | $ (567,133) | $ (2,445,531) | $ (324,845) | $ (2,120,686) | $ 4,428,306 | $ (237,742) | $ 4,666,048 | $ 1,975,050 | $ (158,913) | $ 2,133,963 | $ 4,738 | $ (215,517) | $ 220,255 | $ 1,473,911 | $ (203,545) | $ 1,677,456 | $ 0 | $ (196,043) | $ 196,043 | $ (1,981,830) | $ (244,762) | $ (1,737,068) | $ (2,152,454) | $ (270,693) | $ (1,881,761) | $ 1,338,063 | $ (227,557) | $ 1,565,620 | $ (87,309) | $ (322,394) | $ 235,085 | $ (2,746,121) | $ (264,909) | $ (2,481,212) | $ (2,362,706) | $ (377,289) | $ (1,985,417) | $ (1,401,803) | $ (276,760) | $ (1,125,043) |
Net income (loss) | 562,532 | 5,626 | 556,906 | 139,567 | 1,396 | 138,171 | 0 | 0 | 0 | (18,239) | (182) | (18,057) | (13,825) | (138) | (13,687) | (25,328) | (253) | (25,075) | 0 | 0 | 0 | (25,237) | (252) | (24,985) | (10,358) | (104) | (10,254) | (11,560) | (116) | (11,444) | 91,970 | 920 | 91,050 | 4,077 | 41 | 4,036 | (24,773) | (248) | (24,525) | 449,363 | 4,494 | 444,869 | (27,422) | (274) | (27,148) | (25,359) | (254) | (25,105) | (16,570) | (166) | (16,404) | (43,526) | (435) | (43,091) | 7,558 | 76 | 7,482 | 7,113 | 71 | 7,042 | 0 | 0 | 0 | (41,739) | (417) | (41,322) | 7,630 | 76 | 7,554 | (31,463) | (315) | (31,148) | 7,320 | 73 | 7,247 | (59,859) | (599) | (59,260) | 278,641 | 2,786 | 275,855 | (55,449) | (554) | (54,895) |
Partners' capital (deficit), June 30, 2018 at Jun. 30, 2018 | $ (2,515,355) | $ (6,003,296) | $ 3,487,941 | $ (1,063,169) | $ (318,884) | $ (744,285) | $ 0 | $ 898,231 | $ (898,231) | $ (2,674,484) | $ (245,828) | $ (2,428,656) | $ (501,076) | $ (289,857) | $ (211,219) | $ 423,184 | $ (175,020) | $ 598,204 | $ 0 | $ (219,815) | $ 219,815 | $ 617,021 | $ (312,172) | $ 929,193 | $ 6,789,575 | $ (138,552) | $ 6,928,127 | $ 731,004 | $ (274,527) | $ 1,005,531 | $ (2,846,062) | $ (367,108) | $ (2,478,954) | $ (1,232,123) | $ (239,377) | $ (992,746) | $ 1,905,613 | $ (360,203) | $ 2,265,816 | $ 86,895 | $ (405,494) | $ 492,389 | $ (828,344) | $ (234,063) | $ (594,281) | $ (2,470,890) | $ (325,099) | $ (2,145,791) | $ 4,411,736 | $ (237,908) | $ 4,649,644 | $ 1,931,524 | $ (159,348) | $ 2,090,872 | $ 12,296 | $ (215,441) | $ 227,737 | $ 1,481,024 | $ (203,474) | $ 1,684,498 | $ 0 | $ (196,043) | $ 196,043 | $ (2,023,569) | $ (245,179) | $ (1,778,390) | $ (2,144,824) | $ (270,617) | $ (1,874,207) | $ 1,306,600 | $ (227,872) | $ 1,534,472 | $ (79,989) | $ (322,321) | $ 242,332 | $ (2,805,980) | $ (265,508) | $ (2,540,472) | $ (2,084,065) | $ (374,503) | $ (1,709,562) | $ (1,457,252) | $ (277,314) | $ (1,179,938) |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | |||
Cash flows from operating activities: | ||||
Net income (loss) | $ 562,532 | $ 3,874,515 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (1,189,317) | (4,529,631) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 57,500 | (37,382) | ||
Decrease (Increase) in other assets | 0 | (11,300) | ||
(Decrease) Increase in accounts payable affiliates | (2,401,876) | (1,402,150) | ||
Net cash (used in) provided by operating activities | (2,971,161) | (2,105,948) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 1,189,217 | [1] | 4,414,168 | [2] |
Net cash (used in) provided by investing activities | 1,189,217 | 4,414,168 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1,781,944) | 2,308,220 | ||
Cash and cash equivalents, beginning | 27,208,717 | 27,209,997 | ||
Cash and cash equivalents, ending | 25,426,773 | 29,518,217 | ||
Series Twenty [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 139,567 | (10,901) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (155,337) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (135,229) | 5,535 | ||
Net cash (used in) provided by operating activities | (150,999) | (5,366) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 155,337 | [1] | 0 | |
Net cash (used in) provided by investing activities | 155,337 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 4,338 | (5,366) | ||
Cash and cash equivalents, beginning | 241,987 | 271,060 | ||
Cash and cash equivalents, ending | 246,325 | 265,694 | ||
Series Twenty One [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 0 | (8,363) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 2,719 | ||
Net cash (used in) provided by operating activities | 0 | (5,644) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (5,644) | ||
Cash and cash equivalents, beginning | 0 | 241,102 | ||
Cash and cash equivalents, ending | 0 | 235,458 | ||
Series Twenty Two [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (18,239) | (13,531) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 6,426 | 7,303 | ||
Net cash (used in) provided by operating activities | (11,813) | (6,228) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (11,813) | (6,228) | ||
Cash and cash equivalents, beginning | 221,864 | 252,064 | ||
Cash and cash equivalents, ending | 210,051 | 245,836 | ||
Series Twenty Three [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (13,825) | 950,810 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | (959,665) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 5,000 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (194,444) | 2,006 | ||
Net cash (used in) provided by operating activities | (208,269) | (1,849) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 959,665 | [2] | |
Net cash (used in) provided by investing activities | 0 | 959,665 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (208,269) | 957,816 | ||
Cash and cash equivalents, beginning | 446,136 | 659,167 | ||
Cash and cash equivalents, ending | 237,867 | 1,616,983 | ||
Series Twenty Four [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (25,328) | (18,448) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | (5,000) | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (30,328) | (18,448) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (30,328) | (18,448) | ||
Cash and cash equivalents, beginning | 453,512 | 427,181 | ||
Cash and cash equivalents, ending | 423,184 | 408,733 | ||
Series Twenty Five [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 0 | (12,886) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | 0 | (12,886) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (12,886) | ||
Cash and cash equivalents, beginning | 0 | 344,461 | ||
Cash and cash equivalents, ending | 0 | 331,575 | ||
Series Twenty Six [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (25,237) | (30,227) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (10,500) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 3,500 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (32,237) | (30,227) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 10,500 | [1] | 0 | |
Net cash (used in) provided by investing activities | 10,500 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (21,737) | (30,227) | ||
Cash and cash equivalents, beginning | 642,258 | 677,679 | ||
Cash and cash equivalents, ending | 620,521 | 647,452 | ||
Series Twenty Seven [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (10,358) | 3,259,335 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | (3,291,567) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (27,796) | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (10,358) | (60,028) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 3,291,567 | [2] | |
Net cash (used in) provided by investing activities | 0 | 3,291,567 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (10,358) | 3,231,539 | ||
Cash and cash equivalents, beginning | 6,799,933 | 3,606,473 | ||
Cash and cash equivalents, ending | 6,789,575 | 6,838,012 | ||
Series Twenty Eight [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (11,560) | (14,558) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (8,500) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 3,500 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (16,560) | (14,558) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 8,500 | [1] | 0 | |
Net cash (used in) provided by investing activities | 8,500 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (8,060) | (14,558) | ||
Cash and cash equivalents, beginning | 742,564 | 812,483 | ||
Cash and cash equivalents, ending | 734,504 | 797,925 | ||
Series Twenty Nine [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 91,970 | (28,480) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (123,094) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 10,500 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (281,514) | 20,546 | ||
Net cash (used in) provided by operating activities | (302,138) | (7,934) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 122,994 | [1] | 0 | |
Net cash (used in) provided by investing activities | 122,994 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (179,144) | (7,934) | ||
Cash and cash equivalents, beginning | 622,414 | 345,648 | ||
Cash and cash equivalents, ending | 443,270 | 337,714 | ||
Series Thirty [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 4,077 | 289,654 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (24,006) | (263,893) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 10,500 | 3,000 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (150,192) | 16,654 | ||
Net cash (used in) provided by operating activities | (159,621) | 45,415 | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 24,006 | [1] | 148,430 | [2] |
Net cash (used in) provided by investing activities | 24,006 | 148,430 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (135,615) | 193,845 | ||
Cash and cash equivalents, beginning | 453,433 | 270,126 | ||
Cash and cash equivalents, ending | 317,818 | 463,971 | ||
Series Thirty One [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (24,773) | (28,416) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (7,500) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 3,500 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (28,773) | (28,416) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 7,500 | [1] | 0 | |
Net cash (used in) provided by investing activities | 7,500 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (21,273) | (28,416) | ||
Cash and cash equivalents, beginning | 1,971,680 | 2,047,648 | ||
Cash and cash equivalents, ending | 1,950,407 | 2,019,232 | ||
Series Thirty Two [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 449,363 | (13,457) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (487,880) | (14,506) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 5,000 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (665,793) | (22,530) | ||
Net cash (used in) provided by operating activities | (699,310) | (50,493) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 487,880 | [1] | 14,506 | [2] |
Net cash (used in) provided by investing activities | 487,880 | 14,506 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (211,430) | (35,987) | ||
Cash and cash equivalents, beginning | 563,697 | 837,185 | ||
Cash and cash equivalents, ending | 352,267 | 801,198 | ||
Series Thirty Three [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (27,422) | (16,649) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (93,622) | 16,398 | ||
Net cash (used in) provided by operating activities | (121,044) | (251) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (121,044) | (251) | ||
Cash and cash equivalents, beginning | 452,033 | 337,765 | ||
Cash and cash equivalents, ending | 330,989 | 337,514 | ||
Series Thirty Four [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (25,359) | (19,695) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (87,634) | (230,134) | ||
Net cash (used in) provided by operating activities | (112,993) | (249,829) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (112,993) | (249,829) | ||
Cash and cash equivalents, beginning | 394,837 | 849,078 | ||
Cash and cash equivalents, ending | 281,844 | 599,249 | ||
Series Thirty Five [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (16,570) | (23,504) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | (391,519) | ||
Net cash (used in) provided by operating activities | (16,570) | (415,023) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (16,570) | (415,023) | ||
Cash and cash equivalents, beginning | 4,428,306 | 2,392,767 | ||
Cash and cash equivalents, ending | 4,411,736 | 1,977,744 | ||
Series Thirty Six [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (43,526) | (8,882) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | (614,874) | ||
Net cash (used in) provided by operating activities | (43,526) | (623,756) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (43,526) | (623,756) | ||
Cash and cash equivalents, beginning | 2,106,050 | 2,934,317 | ||
Cash and cash equivalents, ending | 2,062,524 | 2,310,561 | ||
Series Thirty Seven [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 7,558 | 947 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (189,816) | (34,910) | ||
Net cash (used in) provided by operating activities | (182,258) | (33,963) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (182,258) | (33,963) | ||
Cash and cash equivalents, beginning | 517,887 | 2,096,039 | ||
Cash and cash equivalents, ending | 335,629 | 2,062,076 | ||
Series Thirty Eight [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 7,113 | (24,830) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (7,000) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 3,500 | (6,543) | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (18,234) | 11,134 | ||
Net cash (used in) provided by operating activities | (14,621) | (20,239) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 7,000 | [1] | 0 | |
Net cash (used in) provided by investing activities | 7,000 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (7,621) | (20,239) | ||
Cash and cash equivalents, beginning | 1,492,145 | 3,042,864 | ||
Cash and cash equivalents, ending | 1,484,524 | 3,022,625 | ||
Series Thirty Nine [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 0 | (8,311) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (6,543) | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | (340,846) | ||
Net cash (used in) provided by operating activities | 0 | (355,700) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (355,700) | ||
Cash and cash equivalents, beginning | 0 | 1,248,898 | ||
Cash and cash equivalents, ending | 0 | 893,198 | ||
Series Forty [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (41,739) | (36,691) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (123,406) | (19,234) | ||
Net cash (used in) provided by operating activities | (165,145) | (55,925) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (165,145) | (55,925) | ||
Cash and cash equivalents, beginning | 431,341 | 248,318 | ||
Cash and cash equivalents, ending | 266,196 | 192,393 | ||
Series Forty One [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 7,630 | (51,239) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (14,000) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 9,000 | (4,500) | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (355,168) | (17,061) | ||
Net cash (used in) provided by operating activities | (352,538) | (72,800) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 14,000 | [1] | 0 | |
Net cash (used in) provided by investing activities | 14,000 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (338,538) | (72,800) | ||
Cash and cash equivalents, beginning | 741,152 | 322,902 | ||
Cash and cash equivalents, ending | 402,614 | 250,102 | ||
Series Forty Two [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (31,463) | (50,283) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | (11,300) | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (31,463) | (61,583) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (31,463) | (61,583) | ||
Cash and cash equivalents, beginning | 1,327,017 | 1,072,528 | ||
Cash and cash equivalents, ending | 1,295,554 | 1,010,945 | ||
Series Forty Three [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 7,320 | (20,735) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (9,000) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 6,000 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (295,671) | 57,693 | ||
Net cash (used in) provided by operating activities | (291,351) | 36,958 | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 9,000 | [1] | 0 | |
Net cash (used in) provided by investing activities | 9,000 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (282,351) | 36,958 | ||
Cash and cash equivalents, beginning | 854,364 | 351,638 | ||
Cash and cash equivalents, ending | 572,013 | 388,596 | ||
Series Forty Four [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (59,859) | (64,630) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 60,098 | 60,971 | ||
Net cash (used in) provided by operating activities | 239 | (3,659) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 239 | (3,659) | ||
Cash and cash equivalents, beginning | 84,006 | 66,324 | ||
Cash and cash equivalents, ending | 84,245 | 62,665 | ||
Series Forty Five [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 278,641 | (60,559) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (342,500) | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 7,500 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 70,024 | 15,700 | ||
Net cash (used in) provided by operating activities | 13,665 | (44,859) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 342,500 | [1] | 0 | |
Net cash (used in) provided by investing activities | 342,500 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 356,165 | (44,859) | ||
Cash and cash equivalents, beginning | 753,702 | 803,153 | ||
Cash and cash equivalents, ending | 1,109,867 | 758,294 | ||
Series Forty Six [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (55,449) | (60,956) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | 0 | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 52,299 | 52,299 | ||
Net cash (used in) provided by operating activities | (3,150) | (8,657) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities | ||||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (3,150) | (8,657) | ||
Cash and cash equivalents, beginning | 466,399 | 651,129 | ||
Cash and cash equivalents, ending | $ 463,249 | $ 642,472 | ||
[1] | Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29. | |||
[2] | Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30. |
ORGANIZATION
ORGANIZATION | 3 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | NOTE A ORGANIZATION Boston Capital Tax Credit Fund IV L.P. (the "Fund") was organized under the laws of the State of Delaware as of October 5, 1993, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships"). Effective as of June 1, 2001 there was a restructuring and, as a result, the Fund's general partner was reorganized as follows. The general partner of the Fund continues to be Boston Capital Associates IV L.P., a Delaware limited partnership. The general partner of the general partner of the Fund is BCA Associates Limited Partnership, a Massachusetts limited partnership, whose sole general partner is C&;M Management, Inc., a Massachusetts corporation and whose limited partners are Herbert F. Collins and John P. Manning. Mr. Manning is the principal of Boston Capital Partners, Inc. The limited partner of the general partner of the Fund is Capital Investment Holdings, a general partnership whose partners are various officers and employees of Boston Capital Partners, Inc. and its affiliates. The assignor limited partner is BCTC IV Assignor Corp., a Delaware corporation which is now wholly-owned by John P. Manning. Pursuant to the Securities Act of 1933, the Fund filed a Form S-11 Registration Statement with the Securities and Exchange Commission, effective December 16, 1993, which covered the offering (the "Public Offering") of the Fund's beneficial assignee certificates ("BACs") representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The Fund registered 30,000,000 BACs at $10 per BAC for sale to the public in one or more series. On April 18, 1996, an amendment to Form S-11 which registered an additional 10,000,000 BACs for sale to the public in one or more series became effective. On April 2, 1998, an amendment to Form S-11, which registered an additional 25,000,000 BACs for sale to the public in one or more series, became effective. On August 31, 1999, an amendment to Form S-11, which registered an additional 8,000,000 BACs for sale to the public in one or more series, became effective. On July 26, 2000, an amendment to Form S-11, which registered an additional 7,500,000 BACs for sale to the public in one or more series, became effective. On July 24, 2001, an amendment to Form S-11, which registered an additional 7,000,000 BACs for sale to the public in one or more series, became effective. On July 24, 2002, an amendment to Form S11, which registered an additional 7,000,000 BACs for sale to the public, became effective. On July 1, 2003, an amendment to Form S11, which registered an additional 7,000,000 BACs for sale to the public, became effective. Series Closing Date BACs Sold Equity Raised Series 20 June 24, 1994 3,866,700 $38,667,000 Series 21 December 31, 1994 1,892,700 $18,927,000 Series 22 December 28, 1994 2,564,400 $25,644,000 Series 23 June 23, 1995 3,336,727 $33,366,000 Series 24 September 22, 1995 2,169,878 $21,697,000 Series 25 December 29, 1995 3,026,109 $30,248,000 Series 26 June 25, 1996 3,995,900 $39,959,000 Series 27 September 17, 1996 2,460,700 $24,607,000 Series 28 January 29, 1997 4,000,738 $39,999,000 Series Closing Date BACs Sold Equity Raised Series 29 June 10, 1997 3,991,800 $39,918,000 Series 30 September 10, 1997 2,651,000 $26,490,750 Series 31 January 18, 1998 4,417,857 $44,057,750 Series 32 June 23, 1998 4,754,198 $47,431,000 Series 33 September 21, 1998 2,636,533 $26,362,000 Series 34 February 11, 1999 3,529,319 $35,273,000 Series 35 June 28, 1999 3,300,463 $33,004,630 Series 36 September 28, 1999 2,106,838 $21,068,375 Series 37 January 28, 2000 2,512,500 $25,125,000 Series 38 July 31, 2000 2,543,100 $25,431,000 Series 39 January 31, 2001 2,292,151 $22,921,000 Series 40 July 31, 2001 2,630,256 $26,269,256 Series 41 January 31, 2002 2,891,626 $28,916,260 Series 42 July 31, 2002 2,744,262 $27,442,620 Series 43 December 31, 2002 3,637,987 $36,379,870 Series 44 April 30, 2003 2,701,973 $27,019,730 Series 45 September 16, 2003 4,014,367 $40,143,670 Series 46 December 19, 2003 2,980,998 $29,809,980 The Fund concluded its public offering of BACs in the Fund on December 19, 2003. |
ACCOUNTING AND FINANCIAL REPORT
ACCOUNTING AND FINANCIAL REPORTING POLICIES | 3 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES The condensed financial statements herein as of June 30, 2018 and for the three months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account. The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2018. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Jun. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE C - RELATED PARTY TRANSACTIONS The Fund has entered into several transactions with various affiliates of the general partner of the Fund, including Boston Capital Holdings Limited Partnership, Boston Capital Securities, Inc., and Boston Capital Asset Management Limited Partnership as follows: An annual fund management fee of .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships has been accrued to Boston Capital Asset Management Limited Partnership. Since reporting fees collected by the various series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the quarters ended June 30, 2018 and 2017, are as follows: 2018 2017 Series 20 $ 2,771 $ 5,535 Series 21 - 2,719 Series 22 6,426 7,303 Series 23 5,556 5,556 Series 24 10,761 12,588 Series 25 - 5,934 Series 26 15,609 22,545 Series 27 7,635 14,968 Series 28 8,844 8,844 Series 29 15,093 20,546 Series 30 10,829 16,654 Series 31 19,092 21,699 Series 32 22,087 26,370 Series 33 13,318 16,398 Series 34 12,366 12,366 Series 35 10,653 17,481 Series 36 7,626 7,626 Series 37 10,184 12,501 Series 38 18,234 18,234 Series 39 - 1,709 Series 40 26,594 29,766 Series 41 38,704 53,439 Series 42 29,334 42,870 Series 43 45,635 57,693 Series 44 57,825 57,826 Series 45 70,024 70,359 Series 46 52,299 52,299 $ 517,499 $ 621,828 The fund management fees paid for the three months ended June 30, 2018 and 2017 are as follows: 2018 2017 Series 20 $ 138,000 $ - Series 23 200,000 3,550 Series 24 10,761 12,588 Series 25 - 5,934 Series 26 15,609 22,545 Series 27 7,635 14,968 Series 28 8,844 8,844 Series 29 296,607 - Series 30 161,021 - Series 31 19,092 21,699 Series 32 687,880 48,900 Series 33 106,940 - Series 34 100,000 242,500 Series 35 10,653 409,000 Series 36 7,626 622,500 Series 37 200,000 47,411 Series 38 36,468 7,100 Series 39 - 122,100 Series 40 150,000 49,000 Series 41 393,872 70,500 Series 42 29,334 42,870 Series 43 341,306 - $ 2,921,648 $ 1,752,009 |
INVESTMENTS IN OPERATING PARTNE
INVESTMENTS IN OPERATING PARTNERSHIPS | 3 Months Ended |
Jun. 30, 2018 | |
Investments In Operating Partnerships [Abstract] | |
Equity Method Investments Disclosure [Text Block] | NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS At June 30, 2018 and 2017, the Fund has limited partnership interests in 156 and 205 Operating Partnerships, respectively, which own or are constructing apartment complexes. The breakdown of Operating Partnerships within the Fund at June 30, 2018 and 2017 are as follows: 2018 2017 Series 20 1 3 Series 21 - 2 Series 22 3 3 Series 23 3 3 Series 24 5 6 Series 25 - 4 Series 26 8 13 Series 27 3 4 Series 28 4 5 Series 29 5 8 Series 30 3 6 Series 31 7 10 Series 32 5 7 Series 33 3 5 Series 34 4 4 Series 35 2 3 Series 36 3 3 Series 37 1 2 Series 38 3 4 Series 39 - 1 Series 40 9 10 Series 41 11 17 Series 42 11 15 Series 43 16 19 Series 44 7 7 Series 45 25 27 Series 46 14 14 156 205 Under the terms of the Fund's investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at June 30, 2018 and 2017, are as follows: 2018 2017 Series 29 $ 785 $ 8,235 Series 30 65,176 65,176 Series 31 66,294 66,294 Series 32 1,229 1,229 Series 33 - 69,154 Series 37 - 138,438 Series 40 102 102 Series 41 - 100 Series 42 254 73,433 Series 43 26,082 99,265 Series 45 16,724 16,724 $ 176,646 $ 538,150 During the three months ended June 30, 2018 the Fund disposed of thirteen Operating Partnerships. A summary of the dispositions by Series for June 30, 2018 is as follows: Operating Partnership Sale of Fund Proceeds Gain on Disposition Series 20 1 - $ 155,337 $ 155,337 Series 26 1 - 10,500 10,500 Series 28 1 - 8,500 8,500 Series 29 2 - 122,994 123,094 Series 30 2 - 24,006 24,006 Series 31 1 - 7,500 7,500 Series 32 - 1 487,880 487,880 Series 38 1 - 7,000 7,000 Series 41 - 1 14,000 14,000 Series 43 1 - 9,000 9,000 Series 45 1 - 342,500 342,500 Total 11 2 $ 1,189,217 $ 1,189,317 * Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29. The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund’s investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements. During the three months ended June 30, 2017 the Fund disposed of four Operating Partnerships. A summary of the dispositions by Series for June 30, 2017 is as follows: Operating Partnership Sale of Fund Proceeds Gain on Disposition Series 23 - 1 $ 959,665 $ 959,665 Series 27 - 1 3,291,567 3,291,567 Series 30 1 1 148,430 263,893 Series 32 - - 14,506 14,506 Total 1 3 $ 4,414,168 $ 4,529,631 * Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30. The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund’s investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements. The Fund's fiscal year ends March 31st for each year, while all the Operating Partnerships' fiscal years are the calendar year. Pursuant to the provisions of each Operating Partnership Agreement, financial results for each of the Operating Partnerships are provided to the Fund within 45 days after the close of each Operating Partnership's quarterly period. Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2018. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 11,545,111 $ 14,029,090 Interest and other 360,002 446,491 11,905,113 14,475,581 Expenses Interest 1,886,045 2,382,891 Depreciation and amortization 3,000,974 3,780,719 Operating expenses 8,355,030 10,381,532 13,242,049 16,545,142 NET LOSS $ (1,336,936) $ (2,069,561) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (1,323,567) $ (2,048,864) Net loss allocated to other $ (13,369) $ (20,697) * Amounts include $(1,323,567) and $(2,048,864) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 20 2018 2017 Revenues Rental $ 69,740 $ 133,471 Interest and other 4,960 8,457 74,700 141,928 Expenses Interest 5,866 12,868 Depreciation and amortization 14,208 36,093 Operating expenses 62,258 117,558 82,332 166,519 NET LOSS $ (7,632) $ (24,591) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (7,556) $ (24,345) Net loss allocated to other $ (76) $ (246) * Amounts include $(7,556) and $(24,345) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 21 2018 2017 Revenues Rental $ - $ 123,389 Interest and other - 860 - 124,249 Expenses Interest - 9,916 Depreciation and amortization - 20,720 Operating expenses - 98,300 - 128,936 NET LOSS $ - $ (4,687) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (4,640) Net loss allocated to other $ - $ (47) * Amounts include $- and $(4,640) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 22 2018 2017 Revenues Rental $ 127,504 $ 127,528 Interest and other 3,212 4,554 130,716 132,082 Expenses Interest 10,877 11,342 Depreciation and amortization 27,270 27,089 Operating expenses 107,889 136,469 146,036 174,900 NET LOSS $ (15,320) $ (42,818) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (15,167) $ (42,390) Net loss allocated to other $ (153) $ (428) * Amounts include $(15,167) and $(42,390) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 23 2018 2017 Revenues Rental $ 102,185 $ 105,624 Interest and other 4,210 5,298 106,395 110,922 Expenses Interest 7,445 6,020 Depreciation and amortization 22,548 22,449 Operating expenses 84,644 87,804 114,637 116,273 NET LOSS $ (8,242) $ (5,351) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (8,160) $ (5,297) Net loss allocated to other $ (82) $ (54) * Amounts include $(8,160) and $(5,297) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 24 2018 2017 Revenues Rental $ 214,201 $ 256,294 Interest and other 6,867 5,121 221,068 261,415 Expenses Interest 17,395 22,563 Depreciation and amortization 60,969 70,348 Operating expenses 171,220 206,766 249,584 299,677 NET LOSS $ (28,516) $ (38,262) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (28,231) $ (37,879) Net loss allocated to other $ (285) $ (383) * Amounts include $(28,231) and $(37,879) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ - $ 214,392 Interest and other - 5,238 - 219,630 Expenses Interest - 20,184 Depreciation and amortization - 44,177 Operating expenses - 164,759 - 229,120 NET LOSS $ - $ (9,490) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (9,395) Net loss allocated to other $ - $ (95) * Amounts include $- and $(9,395) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 318,677 $ 543,233 Interest and other 3,828 14,389 322,505 557,622 Expenses Interest 55,837 76,663 Depreciation and amortization 77,703 143,109 Operating expenses 268,413 462,402 401,953 682,174 NET LOSS $ (79,448) $ (124,552) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (78,654) $ (123,306) Net loss allocated to other $ (794) $ (1,246) * Amounts include $(78,654) and $(123,306) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 165,151 $ 201,149 Interest and other 3,247 2,811 168,398 203,960 Expenses Interest 8,310 11,753 Depreciation and amortization 44,462 60,321 Operating expenses 137,679 164,799 190,451 236,873 NET LOSS $ (22,053) $ (32,913) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (21,832) $ (32,584) Net loss allocated to other $ (221) $ (329) * Amounts include $(21,832) and $(32,584) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 205,590 $ 250,570 Interest and other 11,285 6,318 216,875 256,888 Expenses Interest 33,284 40,758 Depreciation and amortization 45,881 56,444 Operating expenses 170,438 195,958 249,603 293,160 NET LOSS $ (32,728) $ (36,272) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (32,401) $ (35,909) Net loss allocated to other $ (327) $ (363) * Amounts include $(32,401) and $(35,909) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 29 2018 2017 Revenues Rental $ 302,956 $ 437,102 Interest and other 12,746 42,050 315,702 479,152 Expenses Interest 63,618 98,351 Depreciation and amortization 66,659 123,879 Operating expenses 252,989 388,803 383,266 611,033 NET LOSS $ (67,564) $ (131,881) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (66,888) $ (130,562) Net loss allocated to other $ (676) $ (1,319) * Amounts include $(66,888) and $(130,562) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 203,637 $ 257,521 Interest and other 5,858 6,320 209,495 263,841 Expenses Interest 19,972 23,407 Depreciation and amortization 48,004 72,625 Operating expenses 169,158 202,203 237,134 298,235 NET LOSS $ (27,639) $ (34,394) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (27,363) $ (34,050) Net loss allocated to other $ (276) $ (344) * Amounts include $(27,363) and $(34,050) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 301,590 $ 426,560 Interest and other 10,945 12,249 312,535 438,809 Expenses Interest 22,551 42,067 Depreciation and amortization 108,367 143,308 Operating expenses 296,847 378,566 427,765 563,941 NET LOSS $ (115,230) $ (125,132) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (114,078) $ (123,881) Net loss allocated to other $ (1,152) $ (1,251) * Amounts include $(114,078) and $(123,881) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 385,247 $ 568,464 Interest and other 5,736 17,896 390,983 586,360 Expenses Interest 64,222 89,004 Depreciation and amortization 109,582 167,867 Operating expenses 320,647 440,872 494,451 697,743 NET LOSS $ (103,468) $ (111,383) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (102,433) $ (110,269) Net loss allocated to other $ (1,035) $ (1,114) * Amounts include $(102,433) and $(110,269) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 33 2018 2017 Revenues Rental $ 316,467 $ 352,356 Interest and other 11,510 12,747 327,977 365,103 Expenses Interest 50,837 59,782 Depreciation and amortization 69,767 89,646 Operating expenses 232,835 269,458 353,439 418,886 NET LOSS $ (25,462) $ (53,783) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (25,207) $ (53,245) Net loss allocated to other $ (255) $ (538) * Amounts include $(25,207) and $(53,245) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 247,506 $ 242,936 Interest and other 12,600 8,753 260,106 251,689 Expenses Interest 28,958 26,066 Depreciation and amortization 68,548 68,907 Operating expenses 185,490 188,617 282,996 283,590 NET LOSS $ (22,890) $ (31,901) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (22,661) $ (31,582) Net loss allocated to other $ (229) $ (319) * Amounts include $(22,661) and $(31,582) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 252,467 $ 313,246 Interest and other 14,152 9,606 266,619 322,852 Expenses Interest 41,622 51,614 Depreciation and amortization 80,578 92,481 Operating expenses 151,889 185,357 274,089 329,452 NET LOSS $ (7,470) $ (6,600) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (7,395) $ (6,534) Net loss allocated to other $ (75) $ (66) * Amounts include $(7,395) and $(6,534) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 165,386 $ 161,046 Interest and other 4,998 4,589 170,384 165,635 Expenses Interest 30,331 32,208 Depreciation and amortization 42,255 42,278 Operating expenses 120,885 124,116 193,471 198,602 NET LOSS $ (23,087) $ (32,967) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (22,856) $ (32,637) Net loss allocated to other $ (231) $ (330) * Amounts include $(22,856) and $(32,637) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 185,681 $ 203,958 Interest and other 19,036 20,176 204,717 224,134 Expenses Interest 31,027 32,077 Depreciation and amortization 57,825 69,701 Operating expenses 133,661 158,294 222,513 260,072 NET LOSS $ (17,796) $ (35,938) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (17,618) $ (35,579) Net loss allocated to other $ (178) $ (359) * Amounts include $(17,618) and $(35,579) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 405,363 $ 443,713 Interest and other 8,187 5,418 413,550 449,131 Expenses Interest 55,620 61,781 Depreciation and amortization 77,757 93,157 Operating expenses 282,404 320,254 415,781 475,192 NET LOSS $ (2,231) $ (26,061) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (2,209) $ (25,800) Net loss allocated to other $ (22) $ (261) * Amounts include $(2,209) and $(25,800) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ - $ 42,108 Interest and other - - - 42,108 Expenses Interest - 1,559 Depreciation and amortization - 7,273 Operating expenses - 36,625 - 45,457 NET LOSS $ - $ (3,349) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (3,316) Net loss allocated to other $ - $ (33) * Amounts include $- and $(3,316) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 40 2018 2017 Revenues Rental $ 536,374 $ 622,783 Interest and other 14,697 14,318 551,071 637,101 Expenses Interest 99,916 135,162 Depreciation and amortization 149,818 177,693 Operating expenses 427,291 490,299 677,025 803,154 NET LOSS $ (125,954) $ (166,053) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (124,694) $ (164,392) Net loss allocated to other $ (1,260) $ (1,661) * Amounts include $(124,694) and $(164,392) 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 COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 907,775 $ 1,349,185 Interest and other 14,831 28,304 922,606 1,377,489 Expenses Interest 170,013 284,800 Depreciation and amortization 192,377 319,024 Operating expenses 611,831 931,604 974,221 1,535,428 NET LOSS $ (51,615) $ (157,939) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (51,099) $ (156,360) Net loss allocated to other $ (516) $ (1,579) * Amounts include $(51,099) and $(156,360) 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. 2018 2017 Revenues Rental $ 641,667 $ 911,872 Interest and other 24,793 38,065 666,460 949,937 Expenses Interest 129,560 197,800 Depreciation and amortization 194,985 280,472 Operating expenses 474,725 680,302 799,270 1,158,574 NET LOSS $ (132,810) $ (208,637) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (131,482) $ (206,551) Net loss allocated to other $ (1,328) $ (2,086) * Amounts include $(131,482) and $(206,551) 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. 2018 2017 Revenues Rental $ 1,046,749 $ 1,309,676 Interest and other 45,181 65,602 1,091,930 1,375,278 Expenses Interest 128,333 205,990 Depreciation and amortization 347,594 431,594 Operating expenses 788,238 1,010,064 1,264,165 1,647,648 NET LOSS $ (172,235) $ (272,370) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (170,513) $ (269,646) Net loss allocated to other $ (1,722) $ (2,724) * Amounts include $(170,513) and $(269,646) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 1,490,507 $ 1,465,870 Interest and other 40,927 45,471 1,531,434 1,511,341 Expenses Interest 347,788 350,607 Depreciation and amortization 338,087 341,954 Operating expenses 855,541 878,513 1,541,416 1,571,074 NET LOSS $ (9,982) $ (59,733) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (9,882) $ (59,136) Net loss allocated to other $ (100) $ (597) * Amounts include $(9,882) and $(59,136) 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. 2018 2017 Revenues Rental $ 1,772,558 $ 1,810,088 Interest and other 40,396 36,785 1,812,954 1,846,873 Expenses Interest 227,709 242,578 Depreciation and amortization 472,229 492,220 Operating expenses 1,306,696 1,310,510 2,006,634 2,045,308 NET LOSS $ (193,680) $ (198,435) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (191,743) $ (196,451) Net loss allocated to other $ (1,937) $ (1,984) * Amounts include $(191,743) and $(196,451) 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. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 1,180,133 $ 1,154,956 Interest and other 35,800 25,096 1,215,933 1,180,052 Expenses Interest 234,954 235,971 Depreciation and amortization 283,501 285,890 Operating expenses 741,362 752,260 1,259,817 1,274,121 NET LOSS $ (43,884) $ (94,069) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (43,445) $ (93,128) Net loss allocated to other $ (439) $ (941) * Amounts include $(43,445) and $(93,128) 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. |
TAXABLE LOSS
TAXABLE LOSS | 3 Months Ended |
Jun. 30, 2018 | |
Taxable Loss [Abstract] | |
Taxable Loss [Text Block] | NOTE E - TAXABLE LOSS The Fund's taxable loss is expected to differ from its loss for financial reporting purposes. This is primarily due to accounting differences in depreciation incurred by the Operating Partnerships and also differences between the equity method of accounting and the IRS accounting methods. |
INCOME TAXES
INCOME TAXES | 3 Months Ended |
Jun. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Tax Relating To Partnership Disclosure [Text Block] | NOTE F - INCOME TAXES The Fund has elected to be treated as a pass-through entity for income tax purposes and, as such, is not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its owners on their respective income tax returns. The Fund’s federal tax status as a pass-through entity is based on its legal status as a partnership. Accordingly, the Fund is not required to take any tax positions in order to qualify as a pass-through entity. The Fund is required to file and does file tax returns with the Internal Revenue Service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the Fund has no other tax positions, which must be considered for disclosure. Income tax returns filed by the Fund are subject to examination by the Internal Revenue Service for a period of three years. While no income tax returns are currently being examined by the Internal Revenue Service, tax years since 2014 remain open. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Jun. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE G - SUBSEQUENT EVENTS Subsequent to June 30, 2018, the Fund has entered into an agreement to transfer the interest in one operating limited partnership. The estimated transfer price and other terms for the disposition of the operating limited partnership has been determined. The estimated proceeds to be received for the operating limited partnership is $ 42,000 39,500 |
ORGANIZATION (Tables)
ORGANIZATION (Tables) | 3 Months Ended |
Jun. 30, 2018 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Schedule of Limited Partners' Capital Account by Class [Table Text Block] | Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing: Series Closing Date BACs Sold Equity Raised Series 20 June 24, 1994 3,866,700 $38,667,000 Series 21 December 31, 1994 1,892,700 $18,927,000 Series 22 December 28, 1994 2,564,400 $25,644,000 Series 23 June 23, 1995 3,336,727 $33,366,000 Series 24 September 22, 1995 2,169,878 $21,697,000 Series 25 December 29, 1995 3,026,109 $30,248,000 Series 26 June 25, 1996 3,995,900 $39,959,000 Series 27 September 17, 1996 2,460,700 $24,607,000 Series 28 January 29, 1997 4,000,738 $39,999,000 Series Closing Date BACs Sold Equity Raised Series 29 June 10, 1997 3,991,800 $39,918,000 Series 30 September 10, 1997 2,651,000 $26,490,750 Series 31 January 18, 1998 4,417,857 $44,057,750 Series 32 June 23, 1998 4,754,198 $47,431,000 Series 33 September 21, 1998 2,636,533 $26,362,000 Series 34 February 11, 1999 3,529,319 $35,273,000 Series 35 June 28, 1999 3,300,463 $33,004,630 Series 36 September 28, 1999 2,106,838 $21,068,375 Series 37 January 28, 2000 2,512,500 $25,125,000 Series 38 July 31, 2000 2,543,100 $25,431,000 Series 39 January 31, 2001 2,292,151 $22,921,000 Series 40 July 31, 2001 2,630,256 $26,269,256 Series 41 January 31, 2002 2,891,626 $28,916,260 Series 42 July 31, 2002 2,744,262 $27,442,620 Series 43 December 31, 2002 3,637,987 $36,379,870 Series 44 April 30, 2003 2,701,973 $27,019,730 Series 45 September 16, 2003 4,014,367 $40,143,670 Series 46 December 19, 2003 2,980,998 $29,809,980 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 3 Months Ended |
Jun. 30, 2018 | |
Related Party Transactions [Abstract] | |
Schedule Of Gross Management Fee [Table Text Block] | The fund management fees accrued for the quarters ended June 30, 2018 and 2017, are as follows: 2018 2017 Series 20 $ 2,771 $ 5,535 Series 21 - 2,719 Series 22 6,426 7,303 Series 23 5,556 5,556 Series 24 10,761 12,588 Series 25 - 5,934 Series 26 15,609 22,545 Series 27 7,635 14,968 Series 28 8,844 8,844 Series 29 15,093 20,546 Series 30 10,829 16,654 Series 31 19,092 21,699 Series 32 22,087 26,370 Series 33 13,318 16,398 Series 34 12,366 12,366 Series 35 10,653 17,481 Series 36 7,626 7,626 Series 37 10,184 12,501 Series 38 18,234 18,234 Series 39 - 1,709 Series 40 26,594 29,766 Series 41 38,704 53,439 Series 42 29,334 42,870 Series 43 45,635 57,693 Series 44 57,825 57,826 Series 45 70,024 70,359 Series 46 52,299 52,299 $ 517,499 $ 621,828 |
Schedule Of Management Fees Paid [Table Text Block] | The fund management fees paid for the three months ended June 30, 2018 and 2017 are as follows: 2018 2017 Series 20 $ 138,000 $ - Series 23 200,000 3,550 Series 24 10,761 12,588 Series 25 - 5,934 Series 26 15,609 22,545 Series 27 7,635 14,968 Series 28 8,844 8,844 Series 29 296,607 - Series 30 161,021 - Series 31 19,092 21,699 Series 32 687,880 48,900 Series 33 106,940 - Series 34 100,000 242,500 Series 35 10,653 409,000 Series 36 7,626 622,500 Series 37 200,000 47,411 Series 38 36,468 7,100 Series 39 - 122,100 Series 40 150,000 49,000 Series 41 393,872 70,500 Series 42 29,334 42,870 Series 43 341,306 - $ 2,921,648 $ 1,752,009 |
INVESTMENTS IN OPERATING PART16
INVESTMENTS IN OPERATING PARTNERSHIPS (Tables) | 3 Months Ended |
Jun. 30, 2018 | |
Investments In Operating Partnerships [Abstract] | |
Schedule Of Number Of Operating Partnerships [Table Text Block] | The breakdown of Operating Partnerships within the Fund at June 30, 2018 and 2017 are as follows: 2018 2017 Series 20 1 3 Series 21 - 2 Series 22 3 3 Series 23 3 3 Series 24 5 6 Series 25 - 4 Series 26 8 13 Series 27 3 4 Series 28 4 5 Series 29 5 8 Series 30 3 6 Series 31 7 10 Series 32 5 7 Series 33 3 5 Series 34 4 4 Series 35 2 3 Series 36 3 3 Series 37 1 2 Series 38 3 4 Series 39 - 1 Series 40 9 10 Series 41 11 17 Series 42 11 15 Series 43 16 19 Series 44 7 7 Series 45 25 27 Series 46 14 14 156 205 |
Schedule Of Contributions Payable [Table Text Block] | The contributions payable at June 30, 2018 and 2017, are as follows: 2018 2017 Series 29 $ 785 $ 8,235 Series 30 65,176 65,176 Series 31 66,294 66,294 Series 32 1,229 1,229 Series 33 - 69,154 Series 37 - 138,438 Series 40 102 102 Series 41 - 100 Series 42 254 73,433 Series 43 26,082 99,265 Series 45 16,724 16,724 $ 176,646 $ 538,150 |
Schedule Of Dispositions By Series [Table Text Block] | During the three months ended June 30, 2018 the Fund disposed of thirteen Operating Partnerships. A summary of the dispositions by Series for June 30, 2018 is as follows: Operating Partnership Sale of Fund Proceeds Gain on Disposition Series 20 1 - $ 155,337 $ 155,337 Series 26 1 - 10,500 10,500 Series 28 1 - 8,500 8,500 Series 29 2 - 122,994 123,094 Series 30 2 - 24,006 24,006 Series 31 1 - 7,500 7,500 Series 32 - 1 487,880 487,880 Series 38 1 - 7,000 7,000 Series 41 - 1 14,000 14,000 Series 43 1 - 9,000 9,000 Series 45 1 - 342,500 342,500 Total 11 2 $ 1,189,217 $ 1,189,317 * Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29. During the three months ended June 30, 2017 the Fund disposed of four Operating Partnerships. A summary of the dispositions by Series for June 30, 2017 is as follows: Operating Partnership Sale of Fund Proceeds Gain on Disposition Series 23 - 1 $ 959,665 $ 959,665 Series 27 - 1 3,291,567 3,291,567 Series 30 1 1 148,430 263,893 Series 32 - - 14,506 14,506 Total 1 3 $ 4,414,168 $ 4,529,631 * Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30. |
Schedule Of Summarized Statement Of Operations In Operating Partnerships [Table Text Block] | Accordingly, the current financial results available for the Operating Partnerships are for the three months ended March 31, 2018. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 11,545,111 $ 14,029,090 Interest and other 360,002 446,491 11,905,113 14,475,581 Expenses Interest 1,886,045 2,382,891 Depreciation and amortization 3,000,974 3,780,719 Operating expenses 8,355,030 10,381,532 13,242,049 16,545,142 NET LOSS $ (1,336,936) $ (2,069,561) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (1,323,567) $ (2,048,864) Net loss allocated to other $ (13,369) $ (20,697) * Amounts include $(1,323,567) and $(2,048,864) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 20 2018 2017 Revenues Rental $ 69,740 $ 133,471 Interest and other 4,960 8,457 74,700 141,928 Expenses Interest 5,866 12,868 Depreciation and amortization 14,208 36,093 Operating expenses 62,258 117,558 82,332 166,519 NET LOSS $ (7,632) $ (24,591) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (7,556) $ (24,345) Net loss allocated to other $ (76) $ (246) * Amounts include $(7,556) and $(24,345) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 21 2018 2017 Revenues Rental $ - $ 123,389 Interest and other - 860 - 124,249 Expenses Interest - 9,916 Depreciation and amortization - 20,720 Operating expenses - 98,300 - 128,936 NET LOSS $ - $ (4,687) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (4,640) Net loss allocated to other $ - $ (47) * Amounts include $- and $(4,640) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 22 2018 2017 Revenues Rental $ 127,504 $ 127,528 Interest and other 3,212 4,554 130,716 132,082 Expenses Interest 10,877 11,342 Depreciation and amortization 27,270 27,089 Operating expenses 107,889 136,469 146,036 174,900 NET LOSS $ (15,320) $ (42,818) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (15,167) $ (42,390) Net loss allocated to other $ (153) $ (428) * Amounts include $(15,167) and $(42,390) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 23 2018 2017 Revenues Rental $ 102,185 $ 105,624 Interest and other 4,210 5,298 106,395 110,922 Expenses Interest 7,445 6,020 Depreciation and amortization 22,548 22,449 Operating expenses 84,644 87,804 114,637 116,273 NET LOSS $ (8,242) $ (5,351) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (8,160) $ (5,297) Net loss allocated to other $ (82) $ (54) * Amounts include $(8,160) and $(5,297) for 2018 and 2017, of net loss not recognized under the equity method of accounting. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 24 2018 2017 Revenues Rental $ 214,201 $ 256,294 Interest and other 6,867 5,121 221,068 261,415 Expenses Interest 17,395 22,563 Depreciation and amortization 60,969 70,348 Operating expenses 171,220 206,766 249,584 299,677 NET LOSS $ (28,516) $ (38,262) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (28,231) $ (37,879) Net loss allocated to other $ (285) $ (383) * Amounts include $(28,231) and $(37,879) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 25 2018 2017 Revenues Rental $ - $ 214,392 Interest and other - 5,238 - 219,630 Expenses Interest - 20,184 Depreciation and amortization - 44,177 Operating expenses - 164,759 - 229,120 NET LOSS $ - $ (9,490) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (9,395) Net loss allocated to other $ - $ (95) * Amounts include $- and $(9,395) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 26 2018 2017 Revenues Rental $ 318,677 $ 543,233 Interest and other 3,828 14,389 322,505 557,622 Expenses Interest 55,837 76,663 Depreciation and amortization 77,703 143,109 Operating expenses 268,413 462,402 401,953 682,174 NET LOSS $ (79,448) $ (124,552) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (78,654) $ (123,306) Net loss allocated to other $ (794) $ (1,246) * Amounts include $(78,654) and $(123,306) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 27 2018 2017 Revenues Rental $ 165,151 $ 201,149 Interest and other 3,247 2,811 168,398 203,960 Expenses Interest 8,310 11,753 Depreciation and amortization 44,462 60,321 Operating expenses 137,679 164,799 190,451 236,873 NET LOSS $ (22,053) $ (32,913) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (21,832) $ (32,584) Net loss allocated to other $ (221) $ (329) * Amounts include $(21,832) and $(32,584) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 28 2018 2017 Revenues Rental $ 205,590 $ 250,570 Interest and other 11,285 6,318 216,875 256,888 Expenses Interest 33,284 40,758 Depreciation and amortization 45,881 56,444 Operating expenses 170,438 195,958 249,603 293,160 NET LOSS $ (32,728) $ (36,272) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (32,401) $ (35,909) Net loss allocated to other $ (327) $ (363) * Amounts include $(32,401) and $(35,909) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 29 2018 2017 Revenues Rental $ 302,956 $ 437,102 Interest and other 12,746 42,050 315,702 479,152 Expenses Interest 63,618 98,351 Depreciation and amortization 66,659 123,879 Operating expenses 252,989 388,803 383,266 611,033 NET LOSS $ (67,564) $ (131,881) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (66,888) $ (130,562) Net loss allocated to other $ (676) $ (1,319) * Amounts include $(66,888) and $(130,562) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 30 2018 2017 Revenues Rental $ 203,637 $ 257,521 Interest and other 5,858 6,320 209,495 263,841 Expenses Interest 19,972 23,407 Depreciation and amortization 48,004 72,625 Operating expenses 169,158 202,203 237,134 298,235 NET LOSS $ (27,639) $ (34,394) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (27,363) $ (34,050) Net loss allocated to other $ (276) $ (344) * Amounts include $(27,363) and $(34,050) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting Series 31 2018 2017 Revenues Rental $ 301,590 $ 426,560 Interest and other 10,945 12,249 312,535 438,809 Expenses Interest 22,551 42,067 Depreciation and amortization 108,367 143,308 Operating expenses 296,847 378,566 427,765 563,941 NET LOSS $ (115,230) $ (125,132) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (114,078) $ (123,881) Net loss allocated to other $ (1,152) $ (1,251) * Amounts include $(114,078) and $(123,881) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 32 2018 2017 Revenues Rental $ 385,247 $ 568,464 Interest and other 5,736 17,896 390,983 586,360 Expenses Interest 64,222 89,004 Depreciation and amortization 109,582 167,867 Operating expenses 320,647 440,872 494,451 697,743 NET LOSS $ (103,468) $ (111,383) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (102,433) $ (110,269) Net loss allocated to other $ (1,035) $ (1,114) * Amounts include $(102,433) and $(110,269) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 33 2018 2017 Revenues Rental $ 316,467 $ 352,356 Interest and other 11,510 12,747 327,977 365,103 Expenses Interest 50,837 59,782 Depreciation and amortization 69,767 89,646 Operating expenses 232,835 269,458 353,439 418,886 NET LOSS $ (25,462) $ (53,783) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (25,207) $ (53,245) Net loss allocated to other $ (255) $ (538) * Amounts include $(25,207) and $(53,245) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 34 2018 2017 Revenues Rental $ 247,506 $ 242,936 Interest and other 12,600 8,753 260,106 251,689 Expenses Interest 28,958 26,066 Depreciation and amortization 68,548 68,907 Operating expenses 185,490 188,617 282,996 283,590 NET LOSS $ (22,890) $ (31,901) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (22,661) $ (31,582) Net loss allocated to other $ (229) $ (319) * Amounts include $(22,661) and $(31,582) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 35 2018 2017 Revenues Rental $ 252,467 $ 313,246 Interest and other 14,152 9,606 266,619 322,852 Expenses Interest 41,622 51,614 Depreciation and amortization 80,578 92,481 Operating expenses 151,889 185,357 274,089 329,452 NET LOSS $ (7,470) $ (6,600) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (7,395) $ (6,534) Net loss allocated to other $ (75) $ (66) * Amounts include $(7,395) and $(6,534) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 36 2018 2017 Revenues Rental $ 165,386 $ 161,046 Interest and other 4,998 4,589 170,384 165,635 Expenses Interest 30,331 32,208 Depreciation and amortization 42,255 42,278 Operating expenses 120,885 124,116 193,471 198,602 NET LOSS $ (23,087) $ (32,967) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (22,856) $ (32,637) Net loss allocated to other $ (231) $ (330) * Amounts include $(22,856) and $(32,637) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 37 2018 2017 Revenues Rental $ 185,681 $ 203,958 Interest and other 19,036 20,176 204,717 224,134 Expenses Interest 31,027 32,077 Depreciation and amortization 57,825 69,701 Operating expenses 133,661 158,294 222,513 260,072 NET LOSS $ (17,796) $ (35,938) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (17,618) $ (35,579) Net loss allocated to other $ (178) $ (359) * Amounts include $(17,618) and $(35,579) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 38 2018 2017 Revenues Rental $ 405,363 $ 443,713 Interest and other 8,187 5,418 413,550 449,131 Expenses Interest 55,620 61,781 Depreciation and amortization 77,757 93,157 Operating expenses 282,404 320,254 415,781 475,192 NET LOSS $ (2,231) $ (26,061) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (2,209) $ (25,800) Net loss allocated to other $ (22) $ (261) * Amounts include $(2,209) and $(25,800) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 39 2018 2017 Revenues Rental $ - $ 42,108 Interest and other - - - 42,108 Expenses Interest - 1,559 Depreciation and amortization - 7,273 Operating expenses - 36,625 - 45,457 NET LOSS $ - $ (3,349) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (3,316) Net loss allocated to other $ - $ (33) * Amounts include $- and $(3,316) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 40 2018 2017 Revenues Rental $ 536,374 $ 622,783 Interest and other 14,697 14,318 551,071 637,101 Expenses Interest 99,916 135,162 Depreciation and amortization 149,818 177,693 Operating expenses 427,291 490,299 677,025 803,154 NET LOSS $ (125,954) $ (166,053) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (124,694) $ (164,392) Net loss allocated to other $ (1,260) $ (1,661) * Amounts include $(124,694) and $(164,392) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 41 2018 2017 Revenues Rental $ 907,775 $ 1,349,185 Interest and other 14,831 28,304 922,606 1,377,489 Expenses Interest 170,013 284,800 Depreciation and amortization 192,377 319,024 Operating expenses 611,831 931,604 974,221 1,535,428 NET LOSS $ (51,615) $ (157,939) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (51,099) $ (156,360) Net loss allocated to other $ (516) $ (1,579) * Amounts include $(51,099) and $(156,360) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 641,667 $ 911,872 Interest and other 24,793 38,065 666,460 949,937 Expenses Interest 129,560 197,800 Depreciation and amortization 194,985 280,472 Operating expenses 474,725 680,302 799,270 1,158,574 NET LOSS $ (132,810) $ (208,637) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (131,482) $ (206,551) Net loss allocated to other $ (1,328) $ (2,086) * Amounts include $(131,482) and $(206,551) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 1,046,749 $ 1,309,676 Interest and other 45,181 65,602 1,091,930 1,375,278 Expenses Interest 128,333 205,990 Depreciation and amortization 347,594 431,594 Operating expenses 788,238 1,010,064 1,264,165 1,647,648 NET LOSS $ (172,235) $ (272,370) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (170,513) $ (269,646) Net loss allocated to other $ (1,722) $ (2,724) * Amounts include $(170,513) and $(269,646) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 44 2018 2017 Revenues Rental $ 1,490,507 $ 1,465,870 Interest and other 40,927 45,471 1,531,434 1,511,341 Expenses Interest 347,788 350,607 Depreciation and amortization 338,087 341,954 Operating expenses 855,541 878,513 1,541,416 1,571,074 NET LOSS $ (9,982) $ (59,733) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (9,882) $ (59,136) Net loss allocated to other $ (100) $ (597) * Amounts include $(9,882) and $(59,136) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 1,772,558 $ 1,810,088 Interest and other 40,396 36,785 1,812,954 1,846,873 Expenses Interest 227,709 242,578 Depreciation and amortization 472,229 492,220 Operating expenses 1,306,696 1,310,510 2,006,634 2,045,308 NET LOSS $ (193,680) $ (198,435) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (191,743) $ (196,451) Net loss allocated to other $ (1,937) $ (1,984) * Amounts include $(191,743) and $(196,451) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 46 2018 2017 Revenues Rental $ 1,180,133 $ 1,154,956 Interest and other 35,800 25,096 1,215,933 1,180,052 Expenses Interest 234,954 235,971 Depreciation and amortization 283,501 285,890 Operating expenses 741,362 752,260 1,259,817 1,274,121 NET LOSS $ (43,884) $ (94,069) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (43,445) $ (93,128) Net loss allocated to other $ (439) $ (941) * Amounts include $(43,445) and $(93,128) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. |
ORGANIZATION (Details)
ORGANIZATION (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2018 | Mar. 31, 2018 | |
Capital Unit [Line Items] | ||
BACs Sold | 83,651,080 | 83,651,080 |
Series Twenty [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 24, 1994 | |
BACs Sold | 3,866,700 | 3,866,700 |
Equity Raised | $ 38,667,000 | |
Series Twenty One [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 31, 1994 | |
BACs Sold | 1,892,700 | 1,892,700 |
Equity Raised | $ 18,927,000 | |
Series Twenty Two [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 28, 1994 | |
BACs Sold | 2,564,400 | 2,564,400 |
Equity Raised | $ 25,644,000 | |
Series Twenty Three [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 23, 1995 | |
BACs Sold | 3,336,727 | 3,336,727 |
Equity Raised | $ 33,366,000 | |
Series Twenty Four [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 22, 1995 | |
BACs Sold | 2,169,878 | 2,169,878 |
Equity Raised | $ 21,697,000 | |
Series Twenty Five [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 29, 1995 | |
BACs Sold | 3,026,109 | 3,026,109 |
Equity Raised | $ 30,248,000 | |
Series Twenty Six [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 25, 1996 | |
BACs Sold | 3,995,900 | 3,995,900 |
Equity Raised | $ 39,959,000 | |
Series Twenty Seven [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 17, 1996 | |
BACs Sold | 2,460,700 | 2,460,700 |
Equity Raised | $ 24,607,000 | |
Series Twenty Eight [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 29, 1997 | |
BACs Sold | 4,000,738 | 4,000,738 |
Equity Raised | $ 39,999,000 | |
Series Twenty Nine [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 10, 1997 | |
BACs Sold | 3,991,800 | 3,991,800 |
Equity Raised | $ 39,918,000 | |
Series Thirty [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 10, 1997 | |
BACs Sold | 2,651,000 | 2,651,000 |
Equity Raised | $ 26,490,750 | |
Series Thirty One [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 18, 1998 | |
BACs Sold | 4,417,857 | 4,417,857 |
Equity Raised | $ 44,057,750 | |
Series Thirty Two [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 23, 1998 | |
BACs Sold | 4,754,198 | 4,754,198 |
Equity Raised | $ 47,431,000 | |
Series Thirty Three [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 21, 1998 | |
BACs Sold | 2,636,533 | 2,636,533 |
Equity Raised | $ 26,362,000 | |
Series Thirty Four [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Feb. 11, 1999 | |
BACs Sold | 3,529,319 | 3,529,319 |
Equity Raised | $ 35,273,000 | |
Series Thirty Five [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jun. 28, 1999 | |
BACs Sold | 3,300,463 | 3,300,463 |
Equity Raised | $ 33,004,630 | |
Series Thirty Six [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 28, 1999 | |
BACs Sold | 2,106,838 | 2,106,838 |
Equity Raised | $ 21,068,375 | |
Series Thirty Seven [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 28, 2000 | |
BACs Sold | 2,512,500 | 2,512,500 |
Equity Raised | $ 25,125,000 | |
Series Thirty Eight [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jul. 31, 2000 | |
BACs Sold | 2,543,100 | 2,543,100 |
Equity Raised | $ 25,431,000 | |
Series Thirty Nine [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 31, 2001 | |
BACs Sold | 2,292,151 | 2,292,151 |
Equity Raised | $ 22,921,000 | |
Series Forty [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jul. 31, 2001 | |
BACs Sold | 2,630,256 | 2,630,256 |
Equity Raised | $ 26,269,256 | |
Series Forty One [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jan. 31, 2002 | |
BACs Sold | 2,891,626 | 2,891,626 |
Equity Raised | $ 28,916,260 | |
Series Forty Two [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Jul. 31, 2002 | |
BACs Sold | 2,744,262 | 2,744,262 |
Equity Raised | $ 27,442,620 | |
Series Forty Three [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 31, 2002 | |
BACs Sold | 3,637,987 | 3,637,987 |
Equity Raised | $ 36,379,870 | |
Series Forty Four [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Apr. 30, 2003 | |
BACs Sold | 2,701,973 | 2,701,973 |
Equity Raised | $ 27,019,730 | |
Series Forty Five [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Sep. 16, 2003 | |
BACs Sold | 4,014,367 | 4,014,367 |
Equity Raised | $ 40,143,670 | |
Series Forty Six [Member] | ||
Capital Unit [Line Items] | ||
Closing Date | Dec. 19, 2003 | |
BACs Sold | 2,980,998 | 2,980,998 |
Equity Raised | $ 29,809,980 |
ORGANIZATION (Details Textual)
ORGANIZATION (Details Textual) | 1 Months Ended | |||||||||
Jul. 31, 2003shares | Jul. 31, 2002shares | Jul. 31, 2001shares | Jul. 31, 2000shares | Aug. 31, 1999shares | Apr. 30, 1998shares | Apr. 30, 1996shares | Jun. 30, 2018shares | Mar. 31, 2018shares | Dec. 31, 1993shares | |
Organization And Summary Of Significant Accounting Policy [Line Items] | ||||||||||
Limited Partners Capital Account Per Units | 10 | |||||||||
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 | 30,000,000 | |||||||
Limited Partners Capital Account Additional Units Registered For Sale | 7,000,000 | 7,000,000 | 7,000,000 | 7,500,000 | 8,000,000 | 25,000,000 | 10,000,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details) - USD ($) | 3 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 517,499 | $ 621,828 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 2,771 | 5,535 |
Series Twenty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 2,719 |
Series Twenty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 6,426 | 7,303 |
Series Twenty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 5,556 | 5,556 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 10,761 | 12,588 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 5,934 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 15,609 | 22,545 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,635 | 14,968 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 8,844 | 8,844 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 15,093 | 20,546 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 10,829 | 16,654 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 19,092 | 21,699 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 22,087 | 26,370 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 13,318 | 16,398 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 12,366 | 12,366 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 10,653 | 17,481 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,626 | 7,626 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 10,184 | 12,501 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 18,234 | 18,234 |
Series Thirty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 1,709 |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 26,594 | 29,766 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 38,704 | 53,439 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 29,334 | 42,870 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 45,635 | 57,693 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 57,825 | 57,826 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 70,024 | 70,359 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 52,299 | $ 52,299 |
RELATED PARTY TRANSACTIONS (D20
RELATED PARTY TRANSACTIONS (Details 1) - USD ($) | 3 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 2,921,648 | $ 1,752,009 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 138,000 | 0 |
Series Twenty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 200,000 | 3,550 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 10,761 | 12,588 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 5,934 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 15,609 | 22,545 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 7,635 | 14,968 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 8,844 | 8,844 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 296,607 | 0 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 161,021 | 0 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 19,092 | 21,699 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 687,880 | 48,900 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 106,940 | 0 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 100,000 | 242,500 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 10,653 | 409,000 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 7,626 | 622,500 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 200,000 | 47,411 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 36,468 | 7,100 |
Series Thirty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 122,100 |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 150,000 | 49,000 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 393,872 | 70,500 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 29,334 | 42,870 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 341,306 | $ 0 |
RELATED PARTY TRANSACTIONS (D21
RELATED PARTY TRANSACTIONS (Details Textual) | 3 Months Ended |
Jun. 30, 2018 | |
Related Party Transaction [Line Items] | |
Percentage Of Annual Management Fee | 0.50% |
INVESTMENTS IN OPERATING PART22
INVESTMENTS IN OPERATING PARTNERSHIPS (Details) - Number | Jun. 30, 2018 | Jun. 30, 2017 |
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 156 | 205 |
Series Twenty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 1 | 3 |
Series Twenty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 0 | 2 |
Series Twenty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 3 |
Series Twenty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 3 |
Series Twenty Four [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 6 |
Series Twenty Five [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 0 | 4 |
Series Twenty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 8 | 13 |
Series Twenty Seven [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 4 |
Series Twenty Eight [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 4 | 5 |
Series Twenty Nine [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 8 |
Series Thirty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 6 |
Series Thirty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 7 | 10 |
Series Thirty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 7 |
Series Thirty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 5 |
Series Thirty Four [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 4 | 4 |
Series Thirty Five [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 2 | 3 |
Series Thirty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 3 |
Series Thirty Seven [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 1 | 2 |
Series Thirty Eight [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 3 | 4 |
Series Thirty Nine [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 0 | 1 |
Series Forty [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 9 | 10 |
Series Forty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 11 | 17 |
Series Forty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 11 | 15 |
Series Forty Three [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 16 | 19 |
Series Forty Four [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 7 | 7 |
Series Forty Five [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 25 | 27 |
Series Forty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 14 | 14 |
INVESTMENTS IN OPERATING PART23
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 1) - USD ($) | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2017 |
Contributions Payable [Line Items] | |||
Capital contributions payable | $ 176,646 | $ 176,746 | $ 538,150 |
Series Twenty Nine [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 785 | 885 | 8,235 |
Series Thirty [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 65,176 | 65,176 | 65,176 |
Series Thirty One [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 66,294 | 66,294 | 66,294 |
Series Thirty Two [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 1,229 | 1,229 | 1,229 |
Series Thirty Three [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 0 | 0 | 69,154 |
Series Thirty Seven [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 0 | 0 | 138,438 |
Series Forty [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 102 | 102 | 102 |
Series Forty One [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 0 | 0 | 100 |
Series Forty Two [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 254 | 254 | 73,433 |
Series Forty Three [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 26,082 | 26,082 | 99,265 |
Series Forty Five [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | $ 16,724 | $ 16,724 | $ 16,724 |
INVESTMENTS IN OPERATING PART24
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 2) | 3 Months Ended | |||
Jun. 30, 2018USD ($)Number | Jun. 30, 2017USD ($)Number | |||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 11 | 1 | ||
Sale of Underlying Operating Partnership | Number | 2 | 3 | ||
Partnership Proceeds from Disposition * | $ | $ 1,189,217 | [1] | $ 4,414,168 | [2] |
Gain on Disposition | $ | $ 1,189,317 | 4,529,631 | ||
Series Twenty [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 155,337 | [1] | $ 0 | |
Gain on Disposition | $ | 155,337 | |||
Series Twenty Three [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Partnership Proceeds from Disposition * | $ | $ 0 | $ 959,665 | [2] | |
Gain on Disposition | $ | 959,665 | |||
Series Twenty Six [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 10,500 | [1] | $ 0 | |
Gain on Disposition | $ | 10,500 | |||
Series Twenty Seven [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Partnership Proceeds from Disposition * | $ | $ 0 | $ 3,291,567 | [2] | |
Gain on Disposition | $ | 3,291,567 | |||
Series Twenty Eight [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 8,500 | [1] | 0 | |
Gain on Disposition | $ | $ 8,500 | |||
Series Twenty Nine [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 2 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 122,994 | [1] | $ 0 | |
Gain on Disposition | $ | $ 123,094 | |||
Series Thirty [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 2 | 1 | ||
Sale of Underlying Operating Partnership | Number | 0 | 1 | ||
Partnership Proceeds from Disposition * | $ | $ 24,006 | [1] | $ 148,430 | [2] |
Gain on Disposition | $ | $ 24,006 | 263,893 | ||
Series Thirty One [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 7,500 | [1] | $ 0 | |
Gain on Disposition | $ | $ 7,500 | |||
Series Thirty Two [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | 0 | ||
Sale of Underlying Operating Partnership | Number | 1 | 0 | ||
Partnership Proceeds from Disposition * | $ | $ 487,880 | [1] | $ 14,506 | [2] |
Gain on Disposition | $ | $ 487,880 | 14,506 | ||
Series Thirty Eight [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 7,000 | [1] | 0 | |
Gain on Disposition | $ | $ 7,000 | |||
Series Forty One [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 0 | |||
Sale of Underlying Operating Partnership | Number | 1 | |||
Partnership Proceeds from Disposition * | $ | $ 14,000 | [1] | 0 | |
Gain on Disposition | $ | $ 14,000 | |||
Series Forty Three [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 9,000 | [1] | 0 | |
Gain on Disposition | $ | $ 9,000 | |||
Series Forty Five [Member] | ||||
Dispositions By Series Disclosure [Line Items] | ||||
Operating Partnership Interest Transferred | Number | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | |||
Partnership Proceeds from Disposition * | $ | $ 342,500 | [1] | $ 0 | |
Gain on Disposition | $ | $ 342,500 | |||
[1] | Fund proceeds from disposition does not include $100 which was due to a writeoff of capital contribution payable as of June 30, 2018, for Series 29. | |||
[2] | Fund proceeds from disposition does not include $75,500 recorded as a receivable, as well as $39,963 which was due to a writeoff of capital contribution payable as of June 30, 2017, for Series 30. |
INVESTMENTS IN OPERATING PART25
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 3) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | ||
Revenues | |||
Rental | $ 11,545,111 | $ 14,029,090 | |
Interest and other | 360,002 | 446,491 | |
Operating Partnerships Revenues | 11,905,113 | 14,475,581 | |
Expenses | |||
Interest | 1,886,045 | 2,382,891 | |
Depreciation and amortization | 3,000,974 | 3,780,719 | |
Operating expenses | 8,355,030 | 10,381,532 | |
Operating Partnerships Total Expenses | 13,242,049 | 16,545,142 | |
NET LOSS | (1,336,936) | (2,069,561) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [1] | (1,323,567) | (2,048,864) |
Net loss allocated to other Partners | (13,369) | (20,697) | |
Series Twenty [Member] | |||
Revenues | |||
Rental | 69,740 | 133,471 | |
Interest and other | 4,960 | 8,457 | |
Operating Partnerships Revenues | 74,700 | 141,928 | |
Expenses | |||
Interest | 5,866 | 12,868 | |
Depreciation and amortization | 14,208 | 36,093 | |
Operating expenses | 62,258 | 117,558 | |
Operating Partnerships Total Expenses | 82,332 | 166,519 | |
NET LOSS | (7,632) | (24,591) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [2] | (7,556) | (24,345) |
Net loss allocated to other Partners | (76) | (246) | |
Series Twenty One [Member] | |||
Revenues | |||
Rental | 0 | 123,389 | |
Interest and other | 0 | 860 | |
Operating Partnerships Revenues | 0 | 124,249 | |
Expenses | |||
Interest | 0 | 9,916 | |
Depreciation and amortization | 0 | 20,720 | |
Operating expenses | 0 | 98,300 | |
Operating Partnerships Total Expenses | 0 | 128,936 | |
NET LOSS | 0 | (4,687) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [3] | 0 | (4,640) |
Net loss allocated to other Partners | 0 | (47) | |
Series Twenty Two [Member] | |||
Revenues | |||
Rental | 127,504 | 127,528 | |
Interest and other | 3,212 | 4,554 | |
Operating Partnerships Revenues | 130,716 | 132,082 | |
Expenses | |||
Interest | 10,877 | 11,342 | |
Depreciation and amortization | 27,270 | 27,089 | |
Operating expenses | 107,889 | 136,469 | |
Operating Partnerships Total Expenses | 146,036 | 174,900 | |
NET LOSS | (15,320) | (42,818) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [4] | (15,167) | (42,390) |
Net loss allocated to other Partners | (153) | (428) | |
Series Twenty Three [Member] | |||
Revenues | |||
Rental | 102,185 | 105,624 | |
Interest and other | 4,210 | 5,298 | |
Operating Partnerships Revenues | 106,395 | 110,922 | |
Expenses | |||
Interest | 7,445 | 6,020 | |
Depreciation and amortization | 22,548 | 22,449 | |
Operating expenses | 84,644 | 87,804 | |
Operating Partnerships Total Expenses | 114,637 | 116,273 | |
NET LOSS | (8,242) | (5,351) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [5] | (8,160) | (5,297) |
Net loss allocated to other Partners | (82) | (54) | |
Series Twenty Four [Member] | |||
Revenues | |||
Rental | 214,201 | 256,294 | |
Interest and other | 6,867 | 5,121 | |
Operating Partnerships Revenues | 221,068 | 261,415 | |
Expenses | |||
Interest | 17,395 | 22,563 | |
Depreciation and amortization | 60,969 | 70,348 | |
Operating expenses | 171,220 | 206,766 | |
Operating Partnerships Total Expenses | 249,584 | 299,677 | |
NET LOSS | (28,516) | (38,262) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [6] | (28,231) | (37,879) |
Net loss allocated to other Partners | (285) | (383) | |
Series Twenty Five [Member] | |||
Revenues | |||
Rental | 0 | 214,392 | |
Interest and other | 0 | 5,238 | |
Operating Partnerships Revenues | 0 | 219,630 | |
Expenses | |||
Interest | 0 | 20,184 | |
Depreciation and amortization | 0 | 44,177 | |
Operating expenses | 0 | 164,759 | |
Operating Partnerships Total Expenses | 0 | 229,120 | |
NET LOSS | 0 | (9,490) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [7] | 0 | (9,395) |
Net loss allocated to other Partners | 0 | (95) | |
Series Twenty Six [Member] | |||
Revenues | |||
Rental | 318,677 | 543,233 | |
Interest and other | 3,828 | 14,389 | |
Operating Partnerships Revenues | 322,505 | 557,622 | |
Expenses | |||
Interest | 55,837 | 76,663 | |
Depreciation and amortization | 77,703 | 143,109 | |
Operating expenses | 268,413 | 462,402 | |
Operating Partnerships Total Expenses | 401,953 | 682,174 | |
NET LOSS | (79,448) | (124,552) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [8] | (78,654) | (123,306) |
Net loss allocated to other Partners | (794) | (1,246) | |
Series Twenty Seven [Member] | |||
Revenues | |||
Rental | 165,151 | 201,149 | |
Interest and other | 3,247 | 2,811 | |
Operating Partnerships Revenues | 168,398 | 203,960 | |
Expenses | |||
Interest | 8,310 | 11,753 | |
Depreciation and amortization | 44,462 | 60,321 | |
Operating expenses | 137,679 | 164,799 | |
Operating Partnerships Total Expenses | 190,451 | 236,873 | |
NET LOSS | (22,053) | (32,913) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [9] | (21,832) | (32,584) |
Net loss allocated to other Partners | (221) | (329) | |
Series Twenty Eight [Member] | |||
Revenues | |||
Rental | 205,590 | 250,570 | |
Interest and other | 11,285 | 6,318 | |
Operating Partnerships Revenues | 216,875 | 256,888 | |
Expenses | |||
Interest | 33,284 | 40,758 | |
Depreciation and amortization | 45,881 | 56,444 | |
Operating expenses | 170,438 | 195,958 | |
Operating Partnerships Total Expenses | 249,603 | 293,160 | |
NET LOSS | (32,728) | (36,272) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [10] | (32,401) | (35,909) |
Net loss allocated to other Partners | (327) | (363) | |
Series Twenty Nine [Member] | |||
Revenues | |||
Rental | 302,956 | 437,102 | |
Interest and other | 12,746 | 42,050 | |
Operating Partnerships Revenues | 315,702 | 479,152 | |
Expenses | |||
Interest | 63,618 | 98,351 | |
Depreciation and amortization | 66,659 | 123,879 | |
Operating expenses | 252,989 | 388,803 | |
Operating Partnerships Total Expenses | 383,266 | 611,033 | |
NET LOSS | (67,564) | (131,881) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [11] | (66,888) | (130,562) |
Net loss allocated to other Partners | (676) | (1,319) | |
Series Thirty [Member] | |||
Revenues | |||
Rental | 203,637 | 257,521 | |
Interest and other | 5,858 | 6,320 | |
Operating Partnerships Revenues | 209,495 | 263,841 | |
Expenses | |||
Interest | 19,972 | 23,407 | |
Depreciation and amortization | 48,004 | 72,625 | |
Operating expenses | 169,158 | 202,203 | |
Operating Partnerships Total Expenses | 237,134 | 298,235 | |
NET LOSS | (27,639) | (34,394) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [12] | (27,363) | (34,050) |
Net loss allocated to other Partners | (276) | (344) | |
Series Thirty One [Member] | |||
Revenues | |||
Rental | 301,590 | 426,560 | |
Interest and other | 10,945 | 12,249 | |
Operating Partnerships Revenues | 312,535 | 438,809 | |
Expenses | |||
Interest | 22,551 | 42,067 | |
Depreciation and amortization | 108,367 | 143,308 | |
Operating expenses | 296,847 | 378,566 | |
Operating Partnerships Total Expenses | 427,765 | 563,941 | |
NET LOSS | (115,230) | (125,132) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [13] | (114,078) | (123,881) |
Net loss allocated to other Partners | (1,152) | (1,251) | |
Series Thirty Two [Member] | |||
Revenues | |||
Rental | 385,247 | 568,464 | |
Interest and other | 5,736 | 17,896 | |
Operating Partnerships Revenues | 390,983 | 586,360 | |
Expenses | |||
Interest | 64,222 | 89,004 | |
Depreciation and amortization | 109,582 | 167,867 | |
Operating expenses | 320,647 | 440,872 | |
Operating Partnerships Total Expenses | 494,451 | 697,743 | |
NET LOSS | (103,468) | (111,383) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [14] | (102,433) | (110,269) |
Net loss allocated to other Partners | (1,035) | (1,114) | |
Series Thirty Three [Member] | |||
Revenues | |||
Rental | 316,467 | 352,356 | |
Interest and other | 11,510 | 12,747 | |
Operating Partnerships Revenues | 327,977 | 365,103 | |
Expenses | |||
Interest | 50,837 | 59,782 | |
Depreciation and amortization | 69,767 | 89,646 | |
Operating expenses | 232,835 | 269,458 | |
Operating Partnerships Total Expenses | 353,439 | 418,886 | |
NET LOSS | (25,462) | (53,783) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [15] | (25,207) | (53,245) |
Net loss allocated to other Partners | (255) | (538) | |
Series Thirty Four [Member] | |||
Revenues | |||
Rental | 247,506 | 242,936 | |
Interest and other | 12,600 | 8,753 | |
Operating Partnerships Revenues | 260,106 | 251,689 | |
Expenses | |||
Interest | 28,958 | 26,066 | |
Depreciation and amortization | 68,548 | 68,907 | |
Operating expenses | 185,490 | 188,617 | |
Operating Partnerships Total Expenses | 282,996 | 283,590 | |
NET LOSS | (22,890) | (31,901) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [16] | (22,661) | (31,582) |
Net loss allocated to other Partners | (229) | (319) | |
Series Thirty Five [Member] | |||
Revenues | |||
Rental | 252,467 | 313,246 | |
Interest and other | 14,152 | 9,606 | |
Operating Partnerships Revenues | 266,619 | 322,852 | |
Expenses | |||
Interest | 41,622 | 51,614 | |
Depreciation and amortization | 80,578 | 92,481 | |
Operating expenses | 151,889 | 185,357 | |
Operating Partnerships Total Expenses | 274,089 | 329,452 | |
NET LOSS | (7,470) | (6,600) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [17] | (7,395) | (6,534) |
Net loss allocated to other Partners | (75) | (66) | |
Series Thirty Six [Member] | |||
Revenues | |||
Rental | 165,386 | 161,046 | |
Interest and other | 4,998 | 4,589 | |
Operating Partnerships Revenues | 170,384 | 165,635 | |
Expenses | |||
Interest | 30,331 | 32,208 | |
Depreciation and amortization | 42,255 | 42,278 | |
Operating expenses | 120,885 | 124,116 | |
Operating Partnerships Total Expenses | 193,471 | 198,602 | |
NET LOSS | (23,087) | (32,967) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [18] | (22,856) | (32,637) |
Net loss allocated to other Partners | (231) | (330) | |
Series Thirty Seven [Member] | |||
Revenues | |||
Rental | 185,681 | 203,958 | |
Interest and other | 19,036 | 20,176 | |
Operating Partnerships Revenues | 204,717 | 224,134 | |
Expenses | |||
Interest | 31,027 | 32,077 | |
Depreciation and amortization | 57,825 | 69,701 | |
Operating expenses | 133,661 | 158,294 | |
Operating Partnerships Total Expenses | 222,513 | 260,072 | |
NET LOSS | (17,796) | (35,938) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [19] | (17,618) | (35,579) |
Net loss allocated to other Partners | (178) | (359) | |
Series Thirty Eight [Member] | |||
Revenues | |||
Rental | 405,363 | 443,713 | |
Interest and other | 8,187 | 5,418 | |
Operating Partnerships Revenues | 413,550 | 449,131 | |
Expenses | |||
Interest | 55,620 | 61,781 | |
Depreciation and amortization | 77,757 | 93,157 | |
Operating expenses | 282,404 | 320,254 | |
Operating Partnerships Total Expenses | 415,781 | 475,192 | |
NET LOSS | (2,231) | (26,061) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [20] | (2,209) | (25,800) |
Net loss allocated to other Partners | (22) | (261) | |
Series Thirty Nine [Member] | |||
Revenues | |||
Rental | 0 | 42,108 | |
Interest and other | 0 | 0 | |
Operating Partnerships Revenues | 0 | 42,108 | |
Expenses | |||
Interest | 0 | 1,559 | |
Depreciation and amortization | 0 | 7,273 | |
Operating expenses | 0 | 36,625 | |
Operating Partnerships Total Expenses | 0 | 45,457 | |
NET LOSS | 0 | (3,349) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [21] | 0 | (3,316) |
Net loss allocated to other Partners | 0 | (33) | |
Series Forty [Member] | |||
Revenues | |||
Rental | 536,374 | 622,783 | |
Interest and other | 14,697 | 14,318 | |
Operating Partnerships Revenues | 551,071 | 637,101 | |
Expenses | |||
Interest | 99,916 | 135,162 | |
Depreciation and amortization | 149,818 | 177,693 | |
Operating expenses | 427,291 | 490,299 | |
Operating Partnerships Total Expenses | 677,025 | 803,154 | |
NET LOSS | (125,954) | (166,053) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [22] | (124,694) | (164,392) |
Net loss allocated to other Partners | (1,260) | (1,661) | |
Series Forty One [Member] | |||
Revenues | |||
Rental | 907,775 | 1,349,185 | |
Interest and other | 14,831 | 28,304 | |
Operating Partnerships Revenues | 922,606 | 1,377,489 | |
Expenses | |||
Interest | 170,013 | 284,800 | |
Depreciation and amortization | 192,377 | 319,024 | |
Operating expenses | 611,831 | 931,604 | |
Operating Partnerships Total Expenses | 974,221 | 1,535,428 | |
NET LOSS | (51,615) | (157,939) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [23] | (51,099) | (156,360) |
Net loss allocated to other Partners | (516) | (1,579) | |
Series Forty Two [Member] | |||
Revenues | |||
Rental | 641,667 | 911,872 | |
Interest and other | 24,793 | 38,065 | |
Operating Partnerships Revenues | 666,460 | 949,937 | |
Expenses | |||
Interest | 129,560 | 197,800 | |
Depreciation and amortization | 194,985 | 280,472 | |
Operating expenses | 474,725 | 680,302 | |
Operating Partnerships Total Expenses | 799,270 | 1,158,574 | |
NET LOSS | (132,810) | (208,637) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [24] | (131,482) | (206,551) |
Net loss allocated to other Partners | (1,328) | (2,086) | |
Series Forty Three [Member] | |||
Revenues | |||
Rental | 1,046,749 | 1,309,676 | |
Interest and other | 45,181 | 65,602 | |
Operating Partnerships Revenues | 1,091,930 | 1,375,278 | |
Expenses | |||
Interest | 128,333 | 205,990 | |
Depreciation and amortization | 347,594 | 431,594 | |
Operating expenses | 788,238 | 1,010,064 | |
Operating Partnerships Total Expenses | 1,264,165 | 1,647,648 | |
NET LOSS | (172,235) | (272,370) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [25] | (170,513) | (269,646) |
Net loss allocated to other Partners | (1,722) | (2,724) | |
Series Forty Four [Member] | |||
Revenues | |||
Rental | 1,490,507 | 1,465,870 | |
Interest and other | 40,927 | 45,471 | |
Operating Partnerships Revenues | 1,531,434 | 1,511,341 | |
Expenses | |||
Interest | 347,788 | 350,607 | |
Depreciation and amortization | 338,087 | 341,954 | |
Operating expenses | 855,541 | 878,513 | |
Operating Partnerships Total Expenses | 1,541,416 | 1,571,074 | |
NET LOSS | (9,982) | (59,733) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [26] | (9,882) | (59,136) |
Net loss allocated to other Partners | (100) | (597) | |
Series Forty Five [Member] | |||
Revenues | |||
Rental | 1,772,558 | 1,810,088 | |
Interest and other | 40,396 | 36,785 | |
Operating Partnerships Revenues | 1,812,954 | 1,846,873 | |
Expenses | |||
Interest | 227,709 | 242,578 | |
Depreciation and amortization | 472,229 | 492,220 | |
Operating expenses | 1,306,696 | 1,310,510 | |
Operating Partnerships Total Expenses | 2,006,634 | 2,045,308 | |
NET LOSS | (193,680) | (198,435) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [27] | (191,743) | (196,451) |
Net loss allocated to other Partners | (1,937) | (1,984) | |
Series Forty Six [Member] | |||
Revenues | |||
Rental | 1,180,133 | 1,154,956 | |
Interest and other | 35,800 | 25,096 | |
Operating Partnerships Revenues | 1,215,933 | 1,180,052 | |
Expenses | |||
Interest | 234,954 | 235,971 | |
Depreciation and amortization | 283,501 | 285,890 | |
Operating expenses | 741,362 | 752,260 | |
Operating Partnerships Total Expenses | 1,259,817 | 1,274,121 | |
NET LOSS | (43,884) | (94,069) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [28] | (43,445) | (93,128) |
Net loss allocated to other Partners | $ (439) | $ (941) | |
[1] | Amounts include $(1,323,567) and $(2,048,864) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[2] | Amounts include $(7,556) and $(24,345) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[3] | Amounts include $- and $(4,640) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[4] | Amounts include $(15,167) and $(42,390) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[5] | Amounts include $(8,160) and $(5,297) for 2018 and 2017, of net loss not recognized under the equity method of accounting. | ||
[6] | Amounts include $(28,231) and $(37,879) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[7] | Amounts include $- and $(9,395) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[8] | Amounts include $(78,654) and $(123,306) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[9] | Amounts include $(21,832) and $(32,584) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[10] | Amounts include $(32,401) and $(35,909) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[11] | Amounts include $(66,888) and $(130,562) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[12] | Amounts include $(27,363) and $(34,050) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[13] | Amounts include $(114,078) and $(123,881) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[14] | Amounts include $(102,433) and $(110,269) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[15] | Amounts include $(25,207) and $(53,245) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[16] | Amounts include $(22,661) and $(31,582) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[17] | Amounts include $(7,395) and $(6,534) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[18] | Amounts include $(22,856) and $(32,637) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[19] | Amounts include $(17,618) and $(35,579) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[20] | Amounts include $(2,209) and $(25,800) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[21] | Amounts include $- and $(3,316) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[22] | Amounts include $(124,694) and $(164,392) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[23] | Amounts include $(51,099) and $(156,360) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[24] | Amounts include $(131,482) and $(206,551) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[25] | Amounts include $(170,513) and $(269,646) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[26] | Amounts include $(9,882) and $(59,136) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[27] | Amounts include $(191,743) and $(196,451) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[28] | Amounts include $(43,445) and $(93,128) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. |
INVESTMENTS IN OPERATING PART26
INVESTMENTS IN OPERATING PARTNERSHIPS (Details Textual) - USD ($) | 3 Months Ended | |||
Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2017 | Mar. 31, 2017 | |
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | $ (1,323,567) | $ (2,048,864) | ||
Series Twenty [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (7,556) | (24,345) | ||
Series Twenty One [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | 0 | (4,640) | ||
Series Twenty Two [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (15,167) | (42,390) | ||
Series Twenty Three [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (8,160) | (5,297) | ||
Series Twenty Four [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (28,231) | (37,879) | ||
Series Twenty Five [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | 0 | (9,395) | ||
Series Twenty Six [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (78,654) | (123,306) | ||
Series Twenty Seven [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (21,832) | (32,584) | ||
Series Twenty Eight [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (32,401) | (35,909) | ||
Series Twenty Nine [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (66,888) | (130,562) | ||
Write Off Of Capital Contribution Payable | $ 100 | |||
Series Thirty [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (27,363) | (34,050) | ||
Fund Receivable | $ 75,500 | |||
Write Off Of Capital Contribution Payable | $ 39,963 | |||
Series Thirty One [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (114,078) | (123,881) | ||
Series Thirty Two [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (102,433) | (110,269) | ||
Series Thirty Three [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (25,207) | (53,245) | ||
Series Thirty Four [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (22,661) | (31,582) | ||
Series Thirty Five [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (7,395) | (6,534) | ||
Series Thirty Six [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (22,856) | (32,637) | ||
Series Thirty Seven [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (17,618) | (35,579) | ||
Series Thirty Eight [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (2,209) | (25,800) | ||
Series Thirty Nine [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | 0 | (3,316) | ||
Series Forty [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (124,694) | (164,392) | ||
Series Forty One [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (51,099) | (156,360) | ||
Series Forty Two [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (131,482) | (206,551) | ||
Series Forty Three [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (170,513) | (269,646) | ||
Series Forty Four [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (9,882) | (59,136) | ||
Series Forty Five [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (191,743) | (196,451) | ||
Series Forty Six [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | $ (43,445) | $ (93,128) |
SUBSEQUENT EVENTS (Details Text
SUBSEQUENT EVENTS (Details Textual) - Subsequent Event [Member] | 3 Months Ended |
Sep. 30, 2018USD ($) | |
Subsequent Event [Line Items] | |
Estimated Cash Proceeds To Operating Partnership | $ 42,000 |
Estimated Gain On The Sale Of The Operating Partnerships | $ 39,500 |