Document And Entity Information
Document And Entity Information | 6 Months Ended |
Sep. 30, 2018shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2018 |
Document Fiscal Year Focus | 2,019 |
Document Fiscal Period Focus | Q2 |
Entity Registrant Name | BOSTON CAPITAL TAX CREDIT FUND IV LP |
Entity Central Index Key | 913,778 |
Current Fiscal Year End Date | --03-31 |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 0 |
Entity Emerging Growth Company | false |
Entity Small Business | true |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Sep. 30, 2018 | Mar. 31, 2018 |
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | $ 0 | $ 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 24,517,197 | 27,208,717 |
Other assets | 40,088 | 40,088 |
ASSETS | 24,557,285 | 27,248,805 |
LIABILITIES | ||
Accounts payable and accrued expenses | 660,673 | 654,673 |
Accounts payable affiliates (Note C) | 25,656,166 | 29,495,273 |
Capital contributions payable | 137,645 | 176,746 |
LIABILITIES | 26,454,484 | 30,326,692 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 4,099,917 | 2,931,035 |
General Partner | (5,997,116) | (6,008,922) |
PARTNERS' CAPITAL (DEFICIT) | (1,897,199) | (3,077,887) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 24,557,285 | 27,248,805 |
Series Twenty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 182,677 | 241,987 |
Other assets | 0 | 0 |
ASSETS | 182,677 | 241,987 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,256,706 | 1,444,723 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,256,706 | 1,444,723 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (755,036) | (882,456) |
General Partner | (318,993) | (320,280) |
PARTNERS' CAPITAL (DEFICIT) | (1,074,029) | (1,202,736) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 182,677 | 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 | 177,624 | 221,864 |
Other assets | 0 | 0 |
ASSETS | 177,624 | 221,864 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,865,961 | 2,878,109 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,865,961 | 2,878,109 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,442,370) | (2,410,599) |
General Partner | (245,967) | (245,646) |
PARTNERS' CAPITAL (DEFICIT) | (2,688,337) | (2,656,245) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 177,624 | 221,864 |
Series Twenty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 181,808 | 446,136 |
Other assets | 0 | 0 |
ASSETS | 181,808 | 446,136 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 694,499 | 933,387 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 694,499 | 933,387 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (222,718) | (197,532) |
General Partner | (289,973) | (289,719) |
PARTNERS' CAPITAL (DEFICIT) | (512,691) | (487,251) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 181,808 | 446,136 |
Series Twenty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 406,838 | 453,512 |
Other assets | 0 | 0 |
ASSETS | 406,838 | 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 | 582,022 | 623,279 |
General Partner | (175,184) | (174,767) |
PARTNERS' CAPITAL (DEFICIT) | 406,838 | 448,512 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 406,838 | 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 | 594,707 | 642,258 |
Other assets | 0 | 0 |
ASSETS | 594,707 | 642,258 |
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 | 907,103 | 954,178 |
General Partner | (312,396) | (311,920) |
PARTNERS' CAPITAL (DEFICIT) | 594,707 | 642,258 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 594,707 | 642,258 |
Series Twenty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 6,479,574 | 6,799,933 |
Other assets | 0 | 0 |
ASSETS | 6,479,574 | 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 | 6,621,226 | 6,938,381 |
General Partner | (141,652) | (138,448) |
PARTNERS' CAPITAL (DEFICIT) | 6,479,574 | 6,799,933 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 6,479,574 | 6,799,933 |
Series Twenty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 716,042 | 742,564 |
Other assets | 0 | 0 |
ASSETS | 716,042 | 742,564 |
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 | 990,718 | 1,016,975 |
General Partner | (274,676) | (274,411) |
PARTNERS' CAPITAL (DEFICIT) | 716,042 | 742,564 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 716,042 | 742,564 |
Series Twenty Nine [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 201,649 | 622,414 |
Other assets | 0 | 0 |
ASSETS | 201,649 | 622,414 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 3,062,314 | 3,559,561 |
Capital contributions payable | 785 | 885 |
LIABILITIES | 3,063,099 | 3,560,446 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,494,188) | (2,570,004) |
General Partner | (367,262) | (368,028) |
PARTNERS' CAPITAL (DEFICIT) | (2,861,450) | (2,938,032) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 201,649 | 622,414 |
Series Thirty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 279,972 | 453,433 |
Other assets | 0 | 0 |
ASSETS | 279,972 | 453,433 |
LIABILITIES | ||
Accounts payable and accrued expenses | 6,500 | 3,500 |
Accounts payable affiliates (Note C) | 1,454,221 | 1,620,957 |
Capital contributions payable | 48,627 | 65,176 |
LIABILITIES | 1,509,348 | 1,689,633 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (990,026) | (996,782) |
General Partner | (239,350) | (239,418) |
PARTNERS' CAPITAL (DEFICIT) | (1,229,376) | (1,236,200) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 279,972 | 453,433 |
Series Thirty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,967,831 | 1,971,680 |
Other assets | 25,000 | 25,000 |
ASSETS | 1,992,831 | 1,996,680 |
LIABILITIES | ||
Accounts payable and accrued expenses | 2,500 | 0 |
Accounts payable affiliates (Note C) | 0 | 0 |
Capital contributions payable | 43,842 | 66,294 |
LIABILITIES | 46,342 | 66,294 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 2,306,283 | 2,290,341 |
General Partner | (359,794) | (359,955) |
PARTNERS' CAPITAL (DEFICIT) | 1,946,489 | 1,930,386 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,992,831 | 1,996,680 |
Series Thirty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 238,569 | 563,697 |
Other assets | 0 | 0 |
ASSETS | 238,569 | 563,697 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 178,937 | 924,936 |
Capital contributions payable | 1,229 | 1,229 |
LIABILITIES | 180,166 | 926,165 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 464,182 | 47,520 |
General Partner | (405,779) | (409,988) |
PARTNERS' CAPITAL (DEFICIT) | 58,403 | (362,468) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 238,569 | 563,697 |
Series Thirty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 231,039 | 452,033 |
Other assets | 0 | 0 |
ASSETS | 231,039 | 452,033 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,072,651 | 1,252,955 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,072,651 | 1,252,955 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (607,416) | (567,133) |
General Partner | (234,196) | (233,789) |
PARTNERS' CAPITAL (DEFICIT) | (841,612) | (800,922) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 231,039 | 452,033 |
Series Thirty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 229,938 | 394,837 |
Other assets | 0 | 0 |
ASSETS | 229,938 | 394,837 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,715,100 | 2,840,368 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,715,100 | 2,840,368 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,159,921) | (2,120,686) |
General Partner | (325,241) | (324,845) |
PARTNERS' CAPITAL (DEFICIT) | (2,485,162) | (2,445,531) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 229,938 | 394,837 |
Series Thirty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 4,407,984 | 4,428,306 |
Other assets | 0 | 0 |
ASSETS | 4,407,984 | 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 | 4,645,929 | 4,666,048 |
General Partner | (237,945) | (237,742) |
PARTNERS' CAPITAL (DEFICIT) | 4,407,984 | 4,428,306 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 4,407,984 | 4,428,306 |
Series Thirty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 2,288,444 | 2,106,050 |
Other assets | 0 | 0 |
ASSETS | 2,288,444 | 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 | 2,314,533 | 2,133,963 |
General Partner | (157,089) | (158,913) |
PARTNERS' CAPITAL (DEFICIT) | 2,157,444 | 1,975,050 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 2,288,444 | 2,106,050 |
Series Thirty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,018,996 | 517,887 |
Other assets | 0 | 0 |
ASSETS | 1,018,996 | 517,887 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 513,149 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 513,149 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,224,370 | 220,255 |
General Partner | (205,374) | (215,517) |
PARTNERS' CAPITAL (DEFICIT) | 1,018,996 | 4,738 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,018,996 | 517,887 |
Series Thirty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,482,411 | 1,492,145 |
Other assets | 0 | 0 |
ASSETS | 1,482,411 | 1,492,145 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 0 | 18,234 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 18,234 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 1,685,871 | 1,677,456 |
General Partner | (203,460) | (203,545) |
PARTNERS' CAPITAL (DEFICIT) | 1,482,411 | 1,473,911 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,482,411 | 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 | 240,570 | 431,341 |
Other assets | 0 | 0 |
ASSETS | 240,570 | 431,341 |
LIABILITIES | ||
Accounts payable and accrued expenses | 5,500 | 0 |
Accounts payable affiliates (Note C) | 2,241,257 | 2,413,069 |
Capital contributions payable | 102 | 102 |
LIABILITIES | 2,246,859 | 2,413,171 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,761,282) | (1,737,068) |
General Partner | (245,007) | (244,762) |
PARTNERS' CAPITAL (DEFICIT) | (2,006,289) | (1,981,830) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 240,570 | 431,341 |
Series Forty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 254,427 | 741,152 |
Other assets | 0 | 0 |
ASSETS | 254,427 | 741,152 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,445,456 | 2,893,606 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,445,456 | 2,893,606 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,919,950) | (1,881,761) |
General Partner | (271,079) | (270,693) |
PARTNERS' CAPITAL (DEFICIT) | (2,191,029) | (2,152,454) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 254,427 | 741,152 |
Series Forty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 1,318,553 | 1,327,017 |
Other assets | 11,300 | 11,300 |
ASSETS | 1,329,853 | 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 | 1,557,241 | 1,565,620 |
General Partner | (227,642) | (227,557) |
PARTNERS' CAPITAL (DEFICIT) | 1,329,599 | 1,338,063 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 1,329,853 | 1,338,317 |
Series Forty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 333,478 | 854,364 |
Other assets | 0 | 0 |
ASSETS | 333,478 | 854,364 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 440,011 | 915,591 |
Capital contributions payable | 26,082 | 26,082 |
LIABILITIES | 466,093 | 941,673 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | 190,232 | 235,085 |
General Partner | (322,847) | (322,394) |
PARTNERS' CAPITAL (DEFICIT) | (132,615) | (87,309) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 333,478 | 854,364 |
Series Forty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 106,507 | 84,006 |
Other assets | 0 | 0 |
ASSETS | 106,507 | 84,006 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 2,952,865 | 2,830,127 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,952,865 | 2,830,127 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (2,580,447) | (2,481,212) |
General Partner | (265,911) | (264,909) |
PARTNERS' CAPITAL (DEFICIT) | (2,846,358) | (2,746,121) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 106,507 | 84,006 |
Series Forty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 874,021 | 753,702 |
Other assets | 0 | 0 |
ASSETS | 874,021 | 753,702 |
LIABILITIES | ||
Accounts payable and accrued expenses | 515,173 | 515,173 |
Accounts payable affiliates (Note C) | 2,479,600 | 2,584,511 |
Capital contributions payable | 16,724 | 16,724 |
LIABILITIES | 3,011,497 | 3,116,408 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,762,439) | (1,985,417) |
General Partner | (375,037) | (377,289) |
PARTNERS' CAPITAL (DEFICIT) | (2,137,476) | (2,362,706) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 874,021 | 753,702 |
Series Forty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 303,538 | 466,399 |
Other assets | 3,788 | 3,788 |
ASSETS | 307,326 | 470,187 |
LIABILITIES | ||
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable affiliates (Note C) | 1,796,588 | 1,871,990 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,796,588 | 1,871,990 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignees limited partner | (1,211,627) | (1,125,043) |
General Partner | (277,635) | (276,760) |
PARTNERS' CAPITAL (DEFICIT) | (1,489,262) | (1,401,803) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | $ 307,326 | $ 470,187 |
CONDENSED BALANCE SHEETS _Paren
CONDENSED BALANCE SHEETS [Parenthetical] - $ / shares | Sep. 30, 2018 | Mar. 31, 2018 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 83,651,080 | 83,651,080 |
Units of limited partnership interest, outstanding | 83,175,478 | 83,175,478 |
Series Twenty [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,866,700 | 3,866,700 |
Units of limited partnership interest, outstanding | 3,829,200 | 3,829,200 |
Series Twenty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 1,892,700 | 1,892,700 |
Units of limited partnership interest, outstanding | 1,879,500 | 1,879,500 |
Series Twenty Two [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,564,400 | 2,564,400 |
Units of limited partnership interest, outstanding | 2,550,645 | 2,550,645 |
Series Twenty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,336,727 | 3,336,727 |
Units of limited partnership interest, outstanding | 3,303,327 | 3,303,327 |
Series Twenty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,169,878 | 2,169,878 |
Units of limited partnership interest, outstanding | 2,152,753 | 2,152,753 |
Series Twenty Five [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,026,109 | 3,026,109 |
Units of limited partnership interest, outstanding | 3,016,809 | 3,016,809 |
Series Twenty Six [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,995,900 | 3,995,900 |
Units of limited partnership interest, outstanding | 3,965,400 | 3,965,400 |
Series Twenty Seven [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,460,700 | 2,460,700 |
Units of limited partnership interest, outstanding | 2,443,900 | 2,443,900 |
Series Twenty Eight [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,000,738 | 4,000,738 |
Units of limited partnership interest, outstanding | 3,984,138 | 3,984,138 |
Series Twenty Nine [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,991,800 | 3,991,800 |
Units of limited partnership interest, outstanding | 3,955,225 | 3,955,225 |
Series Thirty [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,651,000 | 2,651,000 |
Units of limited partnership interest, outstanding | 2,621,200 | 2,621,200 |
Series Thirty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,417,857 | 4,417,857 |
Units of limited partnership interest, outstanding | 4,382,757 | 4,382,757 |
Series Thirty Two [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,754,198 | 4,754,198 |
Units of limited partnership interest, outstanding | 4,736,198 | 4,736,198 |
Series Thirty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,636,533 | 2,636,533 |
Units of limited partnership interest, outstanding | 2,626,533 | 2,626,533 |
Series Thirty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,529,319 | 3,529,319 |
Units of limited partnership interest, outstanding | 3,509,919 | 3,509,919 |
Series Thirty Five [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,300,463 | 3,300,463 |
Units of limited partnership interest, outstanding | 3,279,913 | 3,279,913 |
Series Thirty Six [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,106,838 | 2,106,838 |
Units of limited partnership interest, outstanding | 2,092,704 | 2,092,704 |
Series Thirty Seven [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,512,500 | 2,512,500 |
Units of limited partnership interest, outstanding | 2,489,100 | 2,489,100 |
Series Thirty Eight [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,543,100 | 2,543,100 |
Units of limited partnership interest, outstanding | 2,538,700 | 2,538,700 |
Series Thirty Nine [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,292,151 | 2,292,151 |
Units of limited partnership interest, outstanding | 2,288,351 | 2,288,351 |
Series Forty [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,630,256 | 2,630,256 |
Units of limited partnership interest, outstanding | 2,621,756 | 2,621,756 |
Series Forty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,891,626 | 2,891,626 |
Units of limited partnership interest, outstanding | 2,874,926 | 2,874,926 |
Series Forty Two [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,744,262 | 2,744,262 |
Units of limited partnership interest, outstanding | 2,732,262 | 2,732,262 |
Series Forty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 3,637,987 | 3,637,987 |
Units of limited partnership interest, outstanding | 3,629,487 | 3,629,487 |
Series Forty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,701,973 | 2,701,973 |
Units of limited partnership interest, outstanding | 2,693,973 | 2,693,973 |
Series Forty Five [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 4,014,367 | 4,014,367 |
Units of limited partnership interest, outstanding | 4,008,167 | 4,008,167 |
Series Forty Six [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Units of limited partnership interest, issued | 2,980,998 | 2,980,998 |
Units of limited partnership interest, outstanding | 2,968,635 | 2,968,635 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income | ||||
Interest income | $ 52,135 | $ 22,898 | $ 102,997 | $ 36,833 |
Other income | 75,634 | 104,930 | 262,123 | 192,644 |
Revenues | 127,769 | 127,828 | 365,120 | 229,477 |
Share of income from Operating Partnerships (Note D) | 1,430,313 | 5,720,798 | 2,619,630 | 10,250,429 |
Expenses | ||||
Professional fees | 58,780 | 426,290 | 426,907 | 555,656 |
Fund management fee, net (Note C) | 404,905 | 553,340 | 816,630 | 1,073,715 |
General and administrative expenses | 165,278 | 142,325 | 249,562 | 249,354 |
Operating expenses | 628,963 | 1,121,955 | 1,493,099 | 1,878,725 |
NET INCOME (LOSS) | 929,119 | 4,726,671 | 1,491,651 | 8,601,181 |
Net income (loss) allocated to assignees | 919,829 | 4,679,402 | 1,476,735 | 8,515,170 |
Net income (loss) allocated to general partner | $ 9,290 | $ 47,269 | $ 14,916 | $ 86,011 |
Net income (loss) per BAC | $ 0.01 | $ 0.06 | $ 0.02 | $ 0.10 |
Series Twenty [Member] | ||||
Income | ||||
Interest income | $ 393 | $ 33 | $ 979 | $ 68 |
Other income | 0 | 0 | 0 | 0 |
Revenues | 393 | 33 | 979 | 68 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 155,337 | 0 |
Expenses | ||||
Professional fees | 1,565 | 10,643 | 11,670 | 13,623 |
Fund management fee, net (Note C) | 2,549 | 5,240 | 4,820 | 8,959 |
General and administrative expenses | 7,138 | 5,809 | 11,119 | 10,047 |
Operating expenses | 11,252 | 21,692 | 27,609 | 32,629 |
NET INCOME (LOSS) | (10,859) | (21,659) | 128,707 | (32,561) |
Net income (loss) allocated to assignees | (10,750) | (21,442) | 127,420 | (32,235) |
Net income (loss) allocated to general partner | $ (109) | $ (217) | $ 1,287 | $ (326) |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ 0.03 | $ (0.01) |
Series Twenty One [Member] | ||||
Income | ||||
Interest income | $ 0 | $ 27 | $ 0 | $ 56 |
Other income | 0 | 859 | 0 | 859 |
Revenues | 0 | 886 | 0 | 915 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 0 | 8,330 | 0 | 10,960 |
Fund management fee, net (Note C) | 0 | 1,131 | 0 | 3,387 |
General and administrative expenses | 0 | 4,643 | 0 | 8,149 |
Operating expenses | 0 | 14,104 | 0 | 22,496 |
NET INCOME (LOSS) | 0 | (13,218) | 0 | (21,581) |
Net income (loss) allocated to assignees | 0 | (13,086) | 0 | (21,365) |
Net income (loss) allocated to general partner | $ 0 | $ (132) | $ 0 | $ (216) |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ 0 | $ (0.01) |
Series Twenty Two [Member] | ||||
Income | ||||
Interest income | $ 591 | $ 80 | $ 1,124 | $ 164 |
Other income | 0 | 0 | 0 | 0 |
Revenues | 591 | 80 | 1,124 | 164 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 1,565 | 9,180 | 11,045 | 12,160 |
Fund management fee, net (Note C) | 6,426 | 7,303 | 12,352 | 14,106 |
General and administrative expenses | 6,452 | 5,130 | 9,819 | 8,962 |
Operating expenses | 14,443 | 21,613 | 33,216 | 35,228 |
NET INCOME (LOSS) | (13,852) | (21,533) | (32,092) | (35,064) |
Net income (loss) allocated to assignees | (13,713) | (21,318) | (31,771) | (34,713) |
Net income (loss) allocated to general partner | $ (139) | $ (215) | $ (321) | $ (351) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) | $ (0.01) | $ (0.01) |
Series Twenty Three [Member] | ||||
Income | ||||
Interest income | $ 633 | $ 1,358 | $ 1,556 | $ 2,224 |
Other income | 1,977 | 1,977 | 3,955 | 3,955 |
Revenues | 2,610 | 3,335 | 5,511 | 6,179 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 959,665 |
Expenses | ||||
Professional fees | 1,686 | 12,166 | 12,601 | 15,921 |
Fund management fee, net (Note C) | 5,556 | 5,556 | 7,506 | 9,362 |
General and administrative expenses | 6,983 | 5,637 | 10,844 | 9,773 |
Operating expenses | 14,225 | 23,359 | 30,951 | 35,056 |
NET INCOME (LOSS) | (11,615) | (20,024) | (25,440) | 930,788 |
Net income (loss) allocated to assignees | (11,499) | (19,824) | (25,186) | 921,480 |
Net income (loss) allocated to general partner | $ (116) | $ (200) | $ (254) | $ 9,308 |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ (0.01) | $ 0.28 |
Series Twenty Four [Member] | ||||
Income | ||||
Interest income | $ 528 | $ 79 | $ 1,121 | $ 161 |
Other income | 582 | 404 | 582 | 404 |
Revenues | 1,110 | 483 | 1,703 | 565 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 1,746 | 10,353 | 13,741 | 13,678 |
Fund management fee, net (Note C) | 9,594 | 11,410 | 20,355 | 22,831 |
General and administrative expenses | 6,114 | 5,055 | 9,281 | 8,837 |
Operating expenses | 17,454 | 26,818 | 43,377 | 45,346 |
NET INCOME (LOSS) | (16,344) | (26,335) | (41,674) | (44,781) |
Net income (loss) allocated to assignees | (16,181) | (26,072) | (41,257) | (44,333) |
Net income (loss) allocated to general partner | $ (163) | $ (263) | $ (417) | $ (448) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.02) |
Series Twenty Five [Member] | ||||
Income | ||||
Interest income | $ 0 | $ 71 | $ 0 | $ 143 |
Other income | 0 | 10,178 | 0 | 10,178 |
Revenues | 0 | 10,249 | 0 | 10,321 |
Share of income from Operating Partnerships (Note D) | 0 | 97,399 | 0 | 97,399 |
Expenses | ||||
Professional fees | 0 | 9,698 | 0 | 12,678 |
Fund management fee, net (Note C) | 0 | 3,748 | 0 | 9,682 |
General and administrative expenses | 0 | 5,523 | 0 | 9,567 |
Operating expenses | 0 | 18,969 | 0 | 31,927 |
NET INCOME (LOSS) | 0 | 88,679 | 0 | 75,793 |
Net income (loss) allocated to assignees | 0 | 87,792 | 0 | 75,035 |
Net income (loss) allocated to general partner | $ 0 | $ 887 | $ 0 | $ 758 |
Net income (loss) per BAC | $ 0 | $ 0.03 | $ 0 | $ 0.02 |
Series Twenty Six [Member] | ||||
Income | ||||
Interest income | $ 1,023 | $ 132 | $ 1,948 | $ 269 |
Other income | 0 | 106 | 420 | 526 |
Revenues | 1,023 | 238 | 2,368 | 795 |
Share of income from Operating Partnerships (Note D) | 0 | 80,000 | 10,500 | 80,000 |
Expenses | ||||
Professional fees | 2,166 | 15,501 | 20,446 | 20,226 |
Fund management fee, net (Note C) | 13,938 | 19,704 | 28,547 | 41,249 |
General and administrative expenses | 7,234 | 6,160 | 11,426 | 10,674 |
Operating expenses | 23,338 | 41,365 | 60,419 | 72,149 |
NET INCOME (LOSS) | (22,315) | 38,873 | (47,551) | 8,646 |
Net income (loss) allocated to assignees | (22,092) | 38,484 | (47,075) | 8,560 |
Net income (loss) allocated to general partner | $ (223) | $ 389 | $ (476) | $ 86 |
Net income (loss) per BAC | $ (0.01) | $ 0.01 | $ (0.01) | $ 0 |
Series Twenty Seven [Member] | ||||
Income | ||||
Interest income | $ 13,765 | $ 7,606 | $ 26,237 | $ 11,943 |
Other income | 1,366 | 10,103 | 1,366 | 10,103 |
Revenues | 15,131 | 17,709 | 27,603 | 22,046 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 3,291,567 |
Expenses | ||||
Professional fees | 2,670 | 58,769 | 14,660 | 76,539 |
Fund management fee, net (Note C) | 5,255 | 7,555 | 12,890 | 22,523 |
General and administrative expenses | 6,244 | 5,070 | 9,449 | 8,902 |
Operating expenses | 14,169 | 71,394 | 36,999 | 107,964 |
NET INCOME (LOSS) | 962 | (53,685) | (9,396) | 3,205,649 |
Net income (loss) allocated to assignees | 952 | (53,148) | (9,302) | 3,173,593 |
Net income (loss) allocated to general partner | $ 10 | $ (537) | $ (94) | $ 32,056 |
Net income (loss) per BAC | $ 0 | $ (0.02) | $ 0 | $ 1.30 |
Series Twenty Eight [Member] | ||||
Income | ||||
Interest income | $ 1,047 | $ 146 | $ 1,978 | $ 295 |
Other income | 0 | 0 | 446 | 446 |
Revenues | 1,047 | 146 | 2,424 | 741 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 8,500 | 0 |
Expenses | ||||
Professional fees | 1,686 | 11,689 | 12,426 | 15,714 |
Fund management fee, net (Note C) | 7,296 | 8,844 | 14,140 | 15,688 |
General and administrative expenses | 7,029 | 5,815 | 10,880 | 10,098 |
Operating expenses | 16,011 | 26,348 | 37,446 | 41,500 |
NET INCOME (LOSS) | (14,964) | (26,202) | (26,522) | (40,759) |
Net income (loss) allocated to assignees | (14,814) | (25,940) | (26,257) | (40,351) |
Net income (loss) allocated to general partner | $ (150) | $ (262) | $ (265) | $ (408) |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ (0.01) | $ (0.01) |
Series Twenty Nine [Member] | ||||
Income | ||||
Interest income | $ 962 | $ 87 | $ 2,207 | $ 179 |
Other income | 0 | 0 | 0 | 0 |
Revenues | 962 | 87 | 2,207 | 179 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 123,094 | 0 |
Expenses | ||||
Professional fees | 1,866 | 12,992 | 15,121 | 16,667 |
Fund management fee, net (Note C) | 7,261 | 17,160 | 22,354 | 37,706 |
General and administrative expenses | 7,222 | 5,797 | 11,244 | 10,147 |
Operating expenses | 16,349 | 35,949 | 48,719 | 64,520 |
NET INCOME (LOSS) | (15,387) | (35,862) | 76,582 | (64,341) |
Net income (loss) allocated to assignees | (15,233) | (35,503) | 75,816 | (63,698) |
Net income (loss) allocated to general partner | $ (154) | $ (359) | $ 766 | $ (643) |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ 0.02 | $ (0.02) |
Series Thirty [Member] | ||||
Income | ||||
Interest income | $ 789 | $ 69 | $ 1,588 | $ 127 |
Other income | 0 | 0 | 2,049 | 1,243 |
Revenues | 789 | 69 | 3,637 | 1,370 |
Share of income from Operating Partnerships (Note D) | 17,549 | 2,091 | 41,555 | 265,984 |
Expenses | ||||
Professional fees | 1,866 | 11,355 | 16,371 | 15,030 |
Fund management fee, net (Note C) | 7,462 | 12,609 | 12,574 | (19,291) |
General and administrative expenses | 6,262 | 4,886 | 9,423 | 8,649 |
Operating expenses | 15,590 | 28,850 | 38,368 | 4,388 |
NET INCOME (LOSS) | 2,748 | (26,690) | 6,824 | 262,966 |
Net income (loss) allocated to assignees | 2,721 | (26,423) | 6,756 | 260,336 |
Net income (loss) allocated to general partner | $ 27 | $ (267) | $ 68 | $ 2,630 |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ 0 | $ 0.10 |
Series Thirty One [Member] | ||||
Income | ||||
Interest income | $ 4,528 | $ 1,393 | $ 8,498 | $ 2,411 |
Other income | 0 | 640 | 476 | 1,116 |
Revenues | 4,528 | 2,033 | 8,974 | 3,527 |
Share of income from Operating Partnerships (Note D) | 61,952 | 45,000 | 69,452 | 45,000 |
Expenses | ||||
Professional fees | 1,986 | 20,446 | 17,126 | 25,871 |
Fund management fee, net (Note C) | 16,535 | 21,699 | 34,127 | 41,898 |
General and administrative expenses | 7,084 | 5,823 | 11,070 | 10,108 |
Operating expenses | 25,605 | 47,968 | 62,323 | 77,877 |
NET INCOME (LOSS) | 40,875 | (935) | 16,103 | (29,350) |
Net income (loss) allocated to assignees | 40,466 | (926) | 15,942 | (29,057) |
Net income (loss) allocated to general partner | $ 409 | $ (9) | $ 161 | $ (293) |
Net income (loss) per BAC | $ 0.01 | $ 0 | $ 0 | $ (0.01) |
Series Thirty Two [Member] | ||||
Income | ||||
Interest income | $ 341 | $ 459 | $ 1,611 | $ 782 |
Other income | 0 | 0 | 0 | 0 |
Revenues | 341 | 459 | 1,611 | 782 |
Share of income from Operating Partnerships (Note D) | 0 | 1,533,999 | 487,880 | 1,548,505 |
Expenses | ||||
Professional fees | 1,866 | 14,753 | 15,503 | 18,778 |
Fund management fee, net (Note C) | 19,794 | 26,370 | 41,881 | 46,240 |
General and administrative expenses | 7,173 | 5,839 | 11,236 | 10,230 |
Operating expenses | 28,833 | 46,962 | 68,620 | 75,248 |
NET INCOME (LOSS) | (28,492) | 1,487,496 | 420,871 | 1,474,039 |
Net income (loss) allocated to assignees | (28,207) | 1,472,621 | 416,662 | 1,459,299 |
Net income (loss) allocated to general partner | $ (285) | $ 14,875 | $ 4,209 | $ 14,740 |
Net income (loss) per BAC | $ (0.01) | $ 0.31 | $ 0.09 | $ 0.31 |
Series Thirty Three [Member] | ||||
Income | ||||
Interest income | $ 829 | $ 88 | $ 1,772 | $ 179 |
Other income | 2,536 | 0 | 2,536 | 0 |
Revenues | 3,365 | 88 | 4,308 | 179 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 1,686 | 9,843 | 13,676 | 12,993 |
Fund management fee, net (Note C) | 8,898 | 16,397 | 22,216 | 26,295 |
General and administrative expenses | 6,049 | 4,762 | 9,106 | 8,454 |
Operating expenses | 16,633 | 31,002 | 44,998 | 47,742 |
NET INCOME (LOSS) | (13,268) | (30,914) | (40,690) | (47,563) |
Net income (loss) allocated to assignees | (13,135) | (30,605) | (40,283) | (47,087) |
Net income (loss) allocated to general partner | $ (133) | $ (309) | $ (407) | $ (476) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.02) |
Series Thirty Four [Member] | ||||
Income | ||||
Interest income | $ 540 | $ 465 | $ 1,134 | $ 803 |
Other income | 1,539 | 1,539 | 1,539 | 1,539 |
Revenues | 2,079 | 2,004 | 2,673 | 2,342 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 1,626 | 12,958 | 11,736 | 16,633 |
Fund management fee, net (Note C) | 8,166 | 8,166 | 20,532 | 20,532 |
General and administrative expenses | 6,559 | 5,226 | 10,036 | 9,220 |
Operating expenses | 16,351 | 26,350 | 42,304 | 46,385 |
NET INCOME (LOSS) | (14,272) | (24,346) | (39,631) | (44,043) |
Net income (loss) allocated to assignees | (14,129) | (24,103) | (39,235) | (43,603) |
Net income (loss) allocated to general partner | $ (143) | $ (243) | $ (396) | $ (440) |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ (0.01) | $ (0.01) |
Series Thirty Five [Member] | ||||
Income | ||||
Interest income | $ 8,426 | $ 2,181 | $ 16,237 | $ 3,635 |
Other income | 0 | 2,818 | 0 | 2,818 |
Revenues | 8,426 | 4,999 | 16,237 | 6,453 |
Share of income from Operating Partnerships (Note D) | 0 | 2,653,528 | 0 | 2,653,528 |
Expenses | ||||
Professional fees | 1,626 | 12,474 | 11,911 | 15,974 |
Fund management fee, net (Note C) | 4,053 | 15,022 | 14,706 | 32,503 |
General and administrative expenses | 6,499 | 5,339 | 9,942 | 9,318 |
Operating expenses | 12,178 | 32,835 | 36,559 | 57,795 |
NET INCOME (LOSS) | (3,752) | 2,625,692 | (20,322) | 2,602,186 |
Net income (loss) allocated to assignees | (3,714) | 2,599,435 | (20,119) | 2,576,164 |
Net income (loss) allocated to general partner | $ (38) | $ 26,257 | $ (203) | $ 26,022 |
Net income (loss) per BAC | $ 0 | $ 0.79 | $ (0.01) | $ 0.78 |
Series Thirty Six [Member] | ||||
Income | ||||
Interest income | $ 5,249 | $ 1,896 | $ 9,687 | $ 3,300 |
Other income | 0 | 1,294 | 5,119 | 3,968 |
Revenues | 5,249 | 3,190 | 14,806 | 7,268 |
Share of income from Operating Partnerships (Note D) | 243,163 | 0 | 243,163 | 0 |
Expenses | ||||
Professional fees | 10,708 | 13,115 | 55,250 | 16,790 |
Fund management fee, net (Note C) | 5,990 | 7,626 | 11,706 | 13,342 |
General and administrative expenses | 5,794 | 4,665 | 8,619 | 8,235 |
Operating expenses | 22,492 | 25,406 | 75,575 | 38,367 |
NET INCOME (LOSS) | 225,920 | (22,216) | 182,394 | (31,099) |
Net income (loss) allocated to assignees | 223,661 | (21,994) | 180,570 | (30,788) |
Net income (loss) allocated to general partner | $ 2,259 | $ (222) | $ 1,824 | $ (311) |
Net income (loss) per BAC | $ 0.11 | $ (0.01) | $ 0.09 | $ (0.01) |
Series Thirty Seven [Member] | ||||
Income | ||||
Interest income | $ 717 | $ 2,064 | $ 1,527 | $ 3,225 |
Other income | 0 | 5,432 | 21,485 | 16,657 |
Revenues | 717 | 7,496 | 23,012 | 19,882 |
Share of income from Operating Partnerships (Note D) | 1,020,649 | 0 | 1,020,649 | 0 |
Expenses | ||||
Professional fees | 1,566 | 12,645 | 11,221 | 15,970 |
Fund management fee, net (Note C) | 3,396 | 12,501 | 5,562 | 16,984 |
General and administrative expenses | 9,704 | 4,618 | 12,620 | 8,249 |
Operating expenses | 14,666 | 29,764 | 29,403 | 41,203 |
NET INCOME (LOSS) | 1,006,700 | (22,268) | 1,014,258 | (21,321) |
Net income (loss) allocated to assignees | 996,633 | (22,045) | 1,004,115 | (21,108) |
Net income (loss) allocated to general partner | $ 10,067 | $ (223) | $ 10,143 | $ (213) |
Net income (loss) per BAC | $ 0.40 | $ (0.01) | $ 0.40 | $ (0.01) |
Series Thirty Eight [Member] | ||||
Income | ||||
Interest income | $ 1,720 | $ 2,611 | $ 4,556 | $ 3,346 |
Other income | 24,000 | 10,160 | 50,000 | 10,546 |
Revenues | 25,720 | 12,771 | 54,556 | 13,892 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 7,000 | 0 |
Expenses | ||||
Professional fees | 1,746 | 13,776 | 12,216 | 17,801 |
Fund management fee, net (Note C) | 16,581 | 17,734 | 31,815 | 35,968 |
General and administrative expenses | 6,006 | 4,869 | 9,025 | 8,561 |
Operating expenses | 24,333 | 36,379 | 53,056 | 62,330 |
NET INCOME (LOSS) | 1,387 | (23,608) | 8,500 | (48,438) |
Net income (loss) allocated to assignees | 1,373 | (23,372) | 8,415 | (47,954) |
Net income (loss) allocated to general partner | $ 14 | $ (236) | $ 85 | $ (484) |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ 0 | $ (0.02) |
Series Thirty Nine [Member] | ||||
Income | ||||
Interest income | $ 0 | $ 447 | $ 0 | $ 694 |
Other income | 0 | 0 | 0 | 386 |
Revenues | 0 | 447 | 0 | 1,080 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 0 | 14,305 | 0 | 17,980 |
Fund management fee, net (Note C) | 0 | 1,709 | 0 | 3,418 |
General and administrative expenses | 0 | 4,623 | 0 | 8,185 |
Operating expenses | 0 | 20,637 | 0 | 29,583 |
NET INCOME (LOSS) | 0 | (20,190) | 0 | (28,503) |
Net income (loss) allocated to assignees | 0 | (19,988) | 0 | (28,218) |
Net income (loss) allocated to general partner | $ 0 | $ (202) | $ 0 | $ (285) |
Net income (loss) per BAC | $ 0 | $ (0.01) | $ 0 | $ (0.01) |
Series Forty [Member] | ||||
Income | ||||
Interest income | $ 787 | $ 64 | $ 1,418 | $ 93 |
Other income | 1,250 | 1,250 | 1,250 | 2,910 |
Revenues | 2,037 | 1,314 | 2,668 | 3,003 |
Share of income from Operating Partnerships (Note D) | 44,500 | 588,952 | 44,500 | 588,952 |
Expenses | ||||
Professional fees | 2,046 | 16,553 | 16,741 | 21,453 |
Fund management fee, net (Note C) | 21,194 | 28,709 | 45,638 | 58,475 |
General and administrative expenses | 6,017 | 4,812 | 9,248 | 8,529 |
Operating expenses | 29,257 | 50,074 | 71,627 | 88,457 |
NET INCOME (LOSS) | 17,280 | 540,192 | (24,459) | 503,498 |
Net income (loss) allocated to assignees | 17,107 | 534,790 | (24,214) | 498,463 |
Net income (loss) allocated to general partner | $ 173 | $ 5,402 | $ (245) | $ 5,035 |
Net income (loss) per BAC | $ 0.01 | $ 0.20 | $ (0.01) | $ 0.19 |
Series Forty One [Member] | ||||
Income | ||||
Interest income | $ 875 | $ 258 | $ 2,077 | $ 409 |
Other income | 0 | 0 | 41,340 | 11,143 |
Revenues | 875 | 258 | 43,417 | 11,552 |
Share of income from Operating Partnerships (Note D) | 0 | 719,829 | 14,000 | 719,829 |
Expenses | ||||
Professional fees | 2,466 | 16,805 | 24,071 | 22,404 |
Fund management fee, net (Note C) | 34,076 | 50,647 | 57,860 | 103,637 |
General and administrative expenses | 10,538 | 5,261 | 14,061 | 9,206 |
Operating expenses | 47,080 | 72,713 | 95,992 | 135,247 |
NET INCOME (LOSS) | (46,205) | 647,374 | (38,575) | 596,134 |
Net income (loss) allocated to assignees | (45,743) | 640,900 | (38,189) | 590,173 |
Net income (loss) allocated to general partner | $ (462) | $ 6,474 | $ (386) | $ 5,961 |
Net income (loss) per BAC | $ (0.02) | $ 0.22 | $ (0.01) | $ 0.20 |
Series Forty Two [Member] | ||||
Income | ||||
Interest income | $ 3,873 | $ 328 | $ 6,986 | $ 672 |
Other income | 290 | 15,789 | 6,591 | 15,789 |
Revenues | 4,163 | 16,117 | 13,577 | 16,461 |
Share of income from Operating Partnerships (Note D) | 42,500 | 0 | 42,500 | 0 |
Expenses | ||||
Professional fees | 2,286 | 14,660 | 21,826 | 19,678 |
Fund management fee, net (Note C) | 15,249 | 36,957 | 33,396 | 78,792 |
General and administrative expenses | 6,129 | 5,114 | 9,319 | 8,888 |
Operating expenses | 23,664 | 56,731 | 64,541 | 107,358 |
NET INCOME (LOSS) | 22,999 | (40,614) | (8,464) | (90,897) |
Net income (loss) allocated to assignees | 22,769 | (40,208) | (8,379) | (89,988) |
Net income (loss) allocated to general partner | $ 230 | $ (406) | $ (85) | $ (909) |
Net income (loss) per BAC | $ 0.01 | $ (0.01) | $ 0 | $ (0.03) |
Series Forty Three [Member] | ||||
Income | ||||
Interest income | $ 1,360 | $ 95 | $ 3,296 | $ 194 |
Other income | 639 | 6,909 | 49,644 | 40,981 |
Revenues | 1,999 | 7,004 | 52,940 | 41,175 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 9,000 | 0 |
Expenses | ||||
Professional fees | 2,526 | 16,878 | 23,336 | 22,721 |
Fund management fee, net (Note C) | 44,591 | 51,006 | 72,674 | 95,956 |
General and administrative expenses | 7,509 | 5,445 | 11,236 | 9,560 |
Operating expenses | 54,626 | 73,329 | 107,246 | 128,237 |
NET INCOME (LOSS) | (52,627) | (66,325) | (45,306) | (87,062) |
Net income (loss) allocated to assignees | (52,101) | (65,662) | (44,853) | (86,191) |
Net income (loss) allocated to general partner | $ (526) | $ (663) | $ (453) | $ (871) |
Net income (loss) per BAC | $ (0.01) | $ (0.02) | $ (0.01) | $ (0.02) |
Series Forty Four [Member] | ||||
Income | ||||
Interest income | $ 99 | $ 6 | $ 244 | $ 13 |
Other income | 13,800 | 11,864 | 13,800 | 11,864 |
Revenues | 13,899 | 11,870 | 14,044 | 11,877 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 1,926 | 20,201 | 14,286 | 24,226 |
Fund management fee, net (Note C) | 46,192 | 57,825 | 90,656 | 114,651 |
General and administrative expenses | 6,159 | 4,851 | 9,339 | 8,637 |
Operating expenses | 54,277 | 82,877 | 114,281 | 147,514 |
NET INCOME (LOSS) | (40,378) | (71,007) | (100,237) | (135,637) |
Net income (loss) allocated to assignees | (39,974) | (70,297) | (99,235) | (134,281) |
Net income (loss) allocated to general partner | $ (404) | $ (710) | $ (1,002) | $ (1,356) |
Net income (loss) per BAC | $ (0.01) | $ (0.03) | $ (0.04) | $ (0.05) |
Series Forty Five [Member] | ||||
Income | ||||
Interest income | $ 2,148 | $ 533 | $ 3,593 | $ 899 |
Other income | 4,116 | 6,228 | 26,321 | 27,833 |
Revenues | 6,264 | 6,761 | 29,914 | 28,732 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 342,500 | 0 |
Expenses | ||||
Professional fees | 5,678 | 30,803 | 31,291 | 42,889 |
Fund management fee, net (Note C) | 47,015 | 59,041 | 104,532 | 124,852 |
General and administrative expenses | 6,981 | 6,383 | 11,361 | 11,015 |
Operating expenses | 59,674 | 96,227 | 147,184 | 178,756 |
NET INCOME (LOSS) | (53,410) | (89,466) | 225,230 | (150,024) |
Net income (loss) allocated to assignees | (52,876) | (88,571) | 222,978 | (148,524) |
Net income (loss) allocated to general partner | $ (534) | $ (895) | $ 2,252 | $ (1,500) |
Net income (loss) per BAC | $ (0.01) | $ (0.02) | $ 0.06 | $ (0.04) |
Series Forty Six [Member] | ||||
Income | ||||
Interest income | $ 912 | $ 322 | $ 1,623 | $ 549 |
Other income | 23,539 | 17,380 | 33,204 | 17,380 |
Revenues | 24,451 | 17,702 | 34,827 | 17,929 |
Share of income from Operating Partnerships (Note D) | 0 | 0 | 0 | 0 |
Expenses | ||||
Professional fees | 2,226 | 15,399 | 18,636 | 20,299 |
Fund management fee, net (Note C) | 47,838 | 41,671 | 93,791 | 93,970 |
General and administrative expenses | 6,399 | 5,170 | 9,859 | 9,154 |
Operating expenses | 56,463 | 62,240 | 122,286 | 123,423 |
NET INCOME (LOSS) | (32,012) | (44,538) | (87,459) | (105,494) |
Net income (loss) allocated to assignees | (31,692) | (44,093) | (86,584) | (104,439) |
Net income (loss) allocated to general partner | $ (320) | $ (445) | $ (875) | $ (1,055) |
Net income (loss) per BAC | $ (0.01) | $ (0.01) | $ (0.03) | $ (0.04) |
CONDENSED STATEMENTS OF CHANGES
CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - 6 months ended Sep. 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), Beginning balance 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) |
Distributions | (310,963) | (3,110) | (307,853) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (310,963) | (3,110) | (307,853) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net income (loss) | 1,491,651 | 14,916 | 1,476,735 | 128,707 | 1,287 | 127,420 | 0 | 0 | 0 | (32,092) | (321) | (31,771) | (25,440) | (254) | (25,186) | (41,674) | (417) | (41,257) | 0 | 0 | 0 | (47,551) | (476) | (47,075) | (9,396) | (94) | (9,302) | (26,522) | (265) | (26,257) | 76,582 | 766 | 75,816 | 6,824 | 68 | 6,756 | 16,103 | 161 | 15,942 | 420,871 | 4,209 | 416,662 | (40,690) | (407) | (40,283) | (39,631) | (396) | (39,235) | (20,322) | (203) | (20,119) | 182,394 | 1,824 | 180,570 | 1,014,258 | 10,143 | 1,004,115 | 8,500 | 85 | 8,415 | 0 | 0 | 0 | (24,459) | (245) | (24,214) | (38,575) | (386) | (38,189) | (8,464) | (85) | (8,379) | (45,306) | (453) | (44,853) | (100,237) | (1,002) | (99,235) | 225,230 | 2,252 | 222,978 | (87,459) | (875) | (86,584) |
Partners' capital (deficit), Ending balance at Sep. 30, 2018 | $ (1,897,199) | $ (5,997,116) | $ 4,099,917 | $ (1,074,029) | $ (318,993) | $ (755,036) | $ 0 | $ 898,231 | $ (898,231) | $ (2,688,337) | $ (245,967) | $ (2,442,370) | $ (512,691) | $ (289,973) | $ (222,718) | $ 406,838 | $ (175,184) | $ 582,022 | $ 0 | $ (219,815) | $ 219,815 | $ 594,707 | $ (312,396) | $ 907,103 | $ 6,479,574 | $ (141,652) | $ 6,621,226 | $ 716,042 | $ (274,676) | $ 990,718 | $ (2,861,450) | $ (367,262) | $ (2,494,188) | $ (1,229,376) | $ (239,350) | $ (990,026) | $ 1,946,489 | $ (359,794) | $ 2,306,283 | $ 58,403 | $ (405,779) | $ 464,182 | $ (841,612) | $ (234,196) | $ (607,416) | $ (2,485,162) | $ (325,241) | $ (2,159,921) | $ 4,407,984 | $ (237,945) | $ 4,645,929 | $ 2,157,444 | $ (157,089) | $ 2,314,533 | $ 1,018,996 | $ (205,374) | $ 1,224,370 | $ 1,482,411 | $ (203,460) | $ 1,685,871 | $ 0 | $ (196,043) | $ 196,043 | $ (2,006,289) | $ (245,007) | $ (1,761,282) | $ (2,191,029) | $ (271,079) | $ (1,919,950) | $ 1,329,599 | $ (227,642) | $ 1,557,241 | $ (132,615) | $ (322,847) | $ 190,232 | $ (2,846,358) | $ (265,911) | $ (2,580,447) | $ (2,137,476) | $ (375,037) | $ (1,762,439) | $ (1,489,262) | $ (277,635) | $ (1,211,627) |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | |||
Cash flows from operating activities: | ||||
Net income (loss) | $ 1,491,651 | $ 8,601,181 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (2,619,630) | (10,250,429) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 6,000 | (16,847) | ||
Decrease (Increase) in other assets | 0 | (11,300) | ||
(Decrease) Increase in accounts payable affiliates | (3,839,107) | (4,585,437) | ||
Net cash (used in) provided by operating activities | (4,961,086) | (6,262,832) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 2,580,529 | [1] | 10,210,466 | [2] |
Net cash (used in) provided by investing activities | 2,580,529 | 10,210,466 | ||
Cash flows from financing activities: | ||||
Distributions | (310,963) | 0 | ||
Net cash used in financing activities | (310,963) | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (2,691,520) | 3,947,634 | ||
Cash and cash equivalents, beginning | 27,208,717 | 27,209,997 | ||
Cash and cash equivalents, ending | 24,517,197 | 31,157,631 | ||
Series Twenty [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 128,707 | (32,561) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (155,337) | 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 | (188,017) | 11,071 | ||
Net cash (used in) provided by operating activities | (214,647) | (21,490) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 155,337 | [1] | 0 | |
Net cash (used in) provided by investing activities | 155,337 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (59,310) | (21,490) | ||
Cash and cash equivalents, beginning | 241,987 | 271,060 | ||
Cash and cash equivalents, ending | 182,677 | 249,570 | ||
Series Twenty One [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 0 | (21,581) | ||
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 | 5,438 | ||
Net cash (used in) provided by operating activities | 0 | (16,143) | ||
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: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (16,143) | ||
Cash and cash equivalents, beginning | 0 | 241,102 | ||
Cash and cash equivalents, ending | 0 | 224,959 | ||
Series Twenty Two [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (32,092) | (35,064) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 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 | (12,148) | 14,606 | ||
Net cash (used in) provided by operating activities | (44,240) | (20,458) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (44,240) | (20,458) | ||
Cash and cash equivalents, beginning | 221,864 | 252,064 | ||
Cash and cash equivalents, ending | 177,624 | 231,606 | ||
Series Twenty Three [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (25,440) | 930,788 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 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 | (238,888) | (477,438) | ||
Net cash (used in) provided by operating activities | (264,328) | (501,315) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 959,665 | [2] | |
Net cash (used in) provided by investing activities | 0 | 959,665 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (264,328) | 458,350 | ||
Cash and cash equivalents, beginning | 446,136 | 659,167 | ||
Cash and cash equivalents, ending | 181,808 | 1,117,517 | ||
Series Twenty Four [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (41,674) | (44,781) | ||
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 | (46,674) | (44,781) | ||
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: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (46,674) | (44,781) | ||
Cash and cash equivalents, beginning | 453,512 | 427,181 | ||
Cash and cash equivalents, ending | 406,838 | 382,400 | ||
Series Twenty Five [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 0 | 75,793 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | (97,399) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 6,912 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | 0 | (14,694) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 97,399 | [2] | |
Net cash (used in) provided by investing activities | 0 | 97,399 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 82,705 | ||
Cash and cash equivalents, beginning | 0 | 344,461 | ||
Cash and cash equivalents, ending | 0 | 427,166 | ||
Series Twenty Six [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (47,551) | 8,646 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (10,500) | (80,000) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 6,000 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (58,051) | (65,354) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 10,500 | [1] | 80,000 | [2] |
Net cash (used in) provided by investing activities | 10,500 | 80,000 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (47,551) | 14,646 | ||
Cash and cash equivalents, beginning | 642,258 | 677,679 | ||
Cash and cash equivalents, ending | 594,707 | 692,325 | ||
Series Twenty Seven [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (9,396) | 3,205,649 | ||
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 | (31,673) | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (9,396) | (117,591) | ||
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: | ||||
Distributions | (310,963) | 0 | ||
Net cash used in financing activities | (310,963) | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (320,359) | 3,173,976 | ||
Cash and cash equivalents, beginning | 6,799,933 | 3,606,473 | ||
Cash and cash equivalents, ending | 6,479,574 | 6,780,449 | ||
Series Twenty Eight [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (26,522) | (40,759) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (8,500) | 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 | (35,022) | (40,759) | ||
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: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (26,522) | (40,759) | ||
Cash and cash equivalents, beginning | 742,564 | 812,483 | ||
Cash and cash equivalents, ending | 716,042 | 771,724 | ||
Series Twenty Nine [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 76,582 | (64,341) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (123,094) | 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 | (497,247) | 41,093 | ||
Net cash (used in) provided by operating activities | (543,759) | (23,248) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 122,994 | [1] | 0 | |
Net cash (used in) provided by investing activities | 122,994 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (420,765) | (23,248) | ||
Cash and cash equivalents, beginning | 622,414 | 345,648 | ||
Cash and cash equivalents, ending | 201,649 | 322,400 | ||
Series Thirty [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 6,824 | 262,966 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (41,555) | (265,984) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 3,000 | 5,500 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (166,736) | 29,263 | ||
Net cash (used in) provided by operating activities | (198,467) | 31,745 | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 25,006 | [1] | 226,021 | [2] |
Net cash (used in) provided by investing activities | 25,006 | 226,021 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (173,461) | 257,766 | ||
Cash and cash equivalents, beginning | 453,433 | 270,126 | ||
Cash and cash equivalents, ending | 279,972 | 527,892 | ||
Series Thirty One [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 16,103 | (29,350) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (69,452) | (45,000) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 2,500 | 3,000 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | 0 | ||
Net cash (used in) provided by operating activities | (50,849) | (71,350) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 47,000 | [1] | 45,000 | [2] |
Net cash (used in) provided by investing activities | 47,000 | 45,000 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (3,849) | (26,350) | ||
Cash and cash equivalents, beginning | 1,971,680 | 2,047,648 | ||
Cash and cash equivalents, ending | 1,967,831 | 2,021,298 | ||
Series Thirty Two [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 420,871 | 1,474,039 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (487,880) | (1,548,505) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 3,000 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (745,999) | (531,317) | ||
Net cash (used in) provided by operating activities | (813,008) | (602,783) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 487,880 | [1] | 1,548,505 | [2] |
Net cash (used in) provided by investing activities | 487,880 | 1,548,505 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (325,128) | 945,722 | ||
Cash and cash equivalents, beginning | 563,697 | 837,185 | ||
Cash and cash equivalents, ending | 238,569 | 1,782,907 | ||
Series Thirty Three [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (40,690) | (47,563) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 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 | (180,304) | 32,795 | ||
Net cash (used in) provided by operating activities | (220,994) | (14,768) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (220,994) | (14,768) | ||
Cash and cash equivalents, beginning | 452,033 | 337,765 | ||
Cash and cash equivalents, ending | 231,039 | 322,997 | ||
Series Thirty Four [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (39,631) | (44,043) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 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 | (125,268) | (217,768) | ||
Net cash (used in) provided by operating activities | (164,899) | (261,811) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (164,899) | (261,811) | ||
Cash and cash equivalents, beginning | 394,837 | 849,078 | ||
Cash and cash equivalents, ending | 229,938 | 587,267 | ||
Series Thirty Five [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (20,322) | 2,602,186 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 0 | (2,653,528) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | 3,000 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | 0 | (551,982) | ||
Net cash (used in) provided by operating activities | (20,322) | (600,324) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 2,653,528 | [2] | |
Net cash (used in) provided by investing activities | 0 | 2,653,528 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (20,322) | 2,053,204 | ||
Cash and cash equivalents, beginning | 4,428,306 | 2,392,767 | ||
Cash and cash equivalents, ending | 4,407,984 | 4,445,971 | ||
Series Thirty Six [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 182,394 | (31,099) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (243,163) | 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 | (767,505) | ||
Net cash (used in) provided by operating activities | (60,769) | (798,604) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 243,163 | [1] | 0 | |
Net cash (used in) provided by investing activities | 243,163 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 182,394 | (798,604) | ||
Cash and cash equivalents, beginning | 2,106,050 | 2,934,317 | ||
Cash and cash equivalents, ending | 2,288,444 | 2,135,713 | ||
Series Thirty Seven [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 1,014,258 | (21,321) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (1,020,649) | 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 | (513,149) | (934,637) | ||
Net cash (used in) provided by operating activities | (519,540) | (955,958) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 1,020,649 | [1] | 0 | |
Net cash (used in) provided by investing activities | 1,020,649 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 501,109 | (955,958) | ||
Cash and cash equivalents, beginning | 517,887 | 2,096,039 | ||
Cash and cash equivalents, ending | 1,018,996 | 1,140,081 | ||
Series Thirty Eight [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 8,500 | (48,438) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (7,000) | 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 | (18,234) | (795,425) | ||
Net cash (used in) provided by operating activities | (16,734) | (850,406) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 7,000 | [1] | 0 | |
Net cash (used in) provided by investing activities | 7,000 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (9,734) | (850,406) | ||
Cash and cash equivalents, beginning | 1,492,145 | 3,042,864 | ||
Cash and cash equivalents, ending | 1,482,411 | 2,192,458 | ||
Series Thirty Nine [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 0 | (28,503) | ||
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 | (916,748) | ||
Net cash (used in) provided by operating activities | 0 | (951,794) | ||
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: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (951,794) | ||
Cash and cash equivalents, beginning | 0 | 1,248,898 | ||
Cash and cash equivalents, ending | 0 | 297,104 | ||
Series Forty [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (24,459) | 503,498 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (44,500) | (588,952) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 5,500 | 0 | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (171,812) | 9,475 | ||
Net cash (used in) provided by operating activities | (235,271) | (75,979) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 44,500 | [1] | 588,952 | [2] |
Net cash (used in) provided by investing activities | 44,500 | 588,952 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (190,771) | 512,973 | ||
Cash and cash equivalents, beginning | 431,341 | 248,318 | ||
Cash and cash equivalents, ending | 240,570 | 761,291 | ||
Series Forty One [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (38,575) | 596,134 | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (14,000) | (719,829) | ||
Changes in assets and liabilities | ||||
(Decrease) Increase in accounts payable and accrued expenses | 0 | (4,500) | ||
Decrease (Increase) in other assets | 0 | 0 | ||
(Decrease) Increase in accounts payable affiliates | (448,150) | 35,086 | ||
Net cash (used in) provided by operating activities | (500,725) | (93,109) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 14,000 | [1] | 719,829 | [2] |
Net cash (used in) provided by investing activities | 14,000 | 719,829 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (486,725) | 626,720 | ||
Cash and cash equivalents, beginning | 741,152 | 322,902 | ||
Cash and cash equivalents, ending | 254,427 | 949,622 | ||
Series Forty Two [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (8,464) | (90,897) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (42,500) | 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 | (50,964) | (102,197) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 42,500 | 0 | ||
Net cash (used in) provided by investing activities | 42,500 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (8,464) | (102,197) | ||
Cash and cash equivalents, beginning | 1,327,017 | 1,072,528 | ||
Cash and cash equivalents, ending | 1,318,553 | 970,331 | ||
Series Forty Three [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (45,306) | (87,062) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (9,000) | 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 | (475,580) | 115,386 | ||
Net cash (used in) provided by operating activities | (529,886) | 28,324 | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 9,000 | [1] | 0 | |
Net cash (used in) provided by investing activities | 9,000 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (520,886) | 28,324 | ||
Cash and cash equivalents, beginning | 854,364 | 351,638 | ||
Cash and cash equivalents, ending | 333,478 | 379,962 | ||
Series Forty Four [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (100,237) | (135,637) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | 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 | 122,738 | 122,513 | ||
Net cash (used in) provided by operating activities | 22,501 | (13,124) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 0 | 0 | ||
Net cash (used in) provided by investing activities | 0 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 22,501 | (13,124) | ||
Cash and cash equivalents, beginning | 84,006 | 66,324 | ||
Cash and cash equivalents, ending | 106,507 | 53,200 | ||
Series Forty Five [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | 225,230 | (150,024) | ||
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities | ||||
Share of (income) from Operating Partnerships | (342,500) | 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 | (104,911) | 86,059 | ||
Net cash (used in) provided by operating activities | (222,181) | (63,965) | ||
Cash flows from investing activities: | ||||
Proceeds from the disposition of Operating Partnerships | 342,500 | [1] | 0 | |
Net cash (used in) provided by investing activities | 342,500 | 0 | ||
Cash flows from financing activities: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 120,319 | (63,965) | ||
Cash and cash equivalents, beginning | 753,702 | 803,153 | ||
Cash and cash equivalents, ending | 874,021 | 739,188 | ||
Series Forty Six [Member] | ||||
Cash flows from operating activities: | ||||
Net income (loss) | (87,459) | (105,494) | ||
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 | (75,402) | 104,598 | ||
Net cash (used in) provided by operating activities | (162,861) | (896) | ||
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: | ||||
Distributions | 0 | 0 | ||
Net cash used in financing activities | 0 | 0 | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (162,861) | (896) | ||
Cash and cash equivalents, beginning | 466,399 | 651,129 | ||
Cash and cash equivalents, ending | $ 303,538 | $ 650,233 | ||
[1] | Fund proceeds from disposition does not include $100, $16,549 and $22,452, which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29, Series 30 and Series 31, respectively. | |||
[2] | Fund proceeds from disposition does not include $39,963 which was due to a writeoff of capital contribution payable as of September 30, 2017, for Series 30. |
ORGANIZATION
ORGANIZATION | 6 Months Ended |
Sep. 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 S–11, which registered an additional 7,000,000 BACs for sale to the public, became effective. On July 1, 2003, an amendment to Form S–11, which registered an additional 7,000,000 BACs for sale to the public, became effective. Below is a summary of the BACs sold and total equity raised, by series, as of the date of this filing: Series Closing Date BACs Sold Equity Raised Series 20 June 24, 1994 3,866,700 $38,667,000 Series 21 December 31, 1994 1,892,700 $18,927,000 Series 22 December 28, 1994 2,564,400 $25,644,000 Series 23 June 23, 1995 3,336,727 $33,366,000 Series 24 September 22, 1995 2,169,878 $21,697,000 Series 25 December 29, 1995 3,026,109 $30,248,000 Series 26 June 25, 1996 3,995,900 $39,959,000 Series 27 September 17, 1996 2,460,700 $24,607,000 Series 28 January 29, 1997 4,000,738 $39,999,000 Series Closing Date BACs Sold Equity Raised Series 29 June 10, 1997 3,991,800 $39,918,000 Series 30 September 10, 1997 2,651,000 $26,490,750 Series 31 January 18, 1998 4,417,857 $44,057,750 Series 32 June 23, 1998 4,754,198 $47,431,000 Series 33 September 21, 1998 2,636,533 $26,362,000 Series 34 February 11, 1999 3,529,319 $35,273,000 Series 35 June 28, 1999 3,300,463 $33,004,630 Series 36 September 28, 1999 2,106,838 $21,068,375 Series 37 January 28, 2000 2,512,500 $25,125,000 Series 38 July 31, 2000 2,543,100 $25,431,000 Series 39 January 31, 2001 2,292,151 $22,921,000 Series 40 July 31, 2001 2,630,256 $26,269,256 Series 41 January 31, 2002 2,891,626 $28,916,260 Series 42 July 31, 2002 2,744,262 $27,442,620 Series 43 December 31, 2002 3,637,987 $36,379,870 Series 44 April 30, 2003 2,701,973 $27,019,730 Series 45 September 16, 2003 4,014,367 $40,143,670 Series 46 December 19, 2003 2,980,998 $29,809,980 The Fund concluded its public offering of BACs in the Fund on December 19, 2003. |
ACCOUNTING AND FINANCIAL REPORT
ACCOUNTING AND FINANCIAL REPORTING POLICIES | 6 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE B - ACCOUNTING AND FINANCIAL REPORTING POLICIES The condensed financial statements herein as of September 30, 2018 and for the three and six months then ended have been prepared by the Fund, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The Fund accounts for its investments in Operating Partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. Costs incurred by the Fund in acquiring the investments in the Operating Partnerships are capitalized to the investment account. The Fund's accounting and financial reporting policies are in conformity with generally accepted accounting principles and include adjustments in interim periods considered necessary for a fair presentation of the results of operations. Such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to these rules and regulations. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Fund's Annual Report on Form 10-K for the fiscal year ended March 31, 2018. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Sep. 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 September 30, 2018 and 2017, are as follows: 2018 2017 Series 20 $ 2,549 $ 5,536 Series 21 - 2,719 Series 22 6,426 7,303 Series 23 5,556 5,556 Series 24 10,761 12,588 Series 25 - 5,440 Series 26 13,938 22,545 Series 27 7,635 9,555 Series 28 7,296 8,844 Series 29 7,261 20,547 Series 30 7,462 12,609 Series 31 16,535 21,699 Series 32 19,794 26,370 Series 33 13,318 16,397 Series 34 12,366 12,366 Series 35 10,653 17,481 Series 36 5,990 7,626 Series 37 3,396 12,501 Series 38 16,581 18,234 Series 39 - 1,709 Series 40 26,594 28,709 Series 41 34,076 52,147 Series 42 27,505 42,870 Series 43 45,091 57,693 Series 44 57,826 57,825 Series 45 67,565 70,359 Series 46 52,299 52,299 $ 478,473 $ 609,527 The fund management fees paid for the six months ended September 30, 2018 and 2017 are as follows: 2018 2017 Series 20 $ 193,337 $ - Series 22 25,000 - Series 23 250,000 488,550 Series 24 21,522 25,176 Series 25 - 11,374 Series 26 29,547 45,090 Series 27 15,270 24,523 Series 28 16,140 17,688 Series 29 519,601 - Series 30 185,027 - Series 31 35,627 43,398 Series 32 787,880 584,057 Series 33 206,940 - Series 34 150,000 242,500 Series 35 21,306 586,944 Series 36 13,616 782,757 Series 37 526,729 959,639 Series 38 53,049 831,893 Series 39 - 699,711 Series 40 225,000 49,000 Series 41 520,930 70,500 Series 42 56,839 85,740 Series 43 566,306 - Series 45 242,500 - Series 46 180,000 - $ 4,842,166 $ 5,548,540 |
INVESTMENTS IN OPERATING PARTNE
INVESTMENTS IN OPERATING PARTNERSHIPS | 6 Months Ended |
Sep. 30, 2018 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investments Disclosure [Text Block] | NOTE D - INVESTMENTS IN OPERATING PARTNERSHIPS At September 30, 2018 and 2017, the Fund has limited partnership interests in 150 and 191 Operating Partnerships, respectively, which own or are constructing apartment complexes. The breakdown of Operating Partnerships within the Fund at September 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 - - Series 26 8 9 Series 27 3 4 Series 28 4 5 Series 29 5 8 Series 30 2 6 Series 31 6 8 Series 32 5 6 Series 33 3 5 Series 34 4 4 Series 35 2 2 Series 36 2 3 Series 37 - 2 Series 38 3 4 Series 39 - 1 Series 40 8 9 Series 41 11 16 Series 42 10 15 Series 43 16 19 Series 44 7 7 Series 45 25 27 Series 46 14 14 150 191 Under the terms of the Fund's investment in each Operating Partnership, the Fund is required to make capital contributions to the Operating Partnerships. These contributions are payable in installments over several years upon each Operating Partnership achieving specified levels of construction and/or operations. The contributions payable at September 30, 2018 and 2017, are as follows: 2018 2017 Series 29 $ 785 $ 8,235 Series 30 48,627 65,176 Series 31 43,842 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 $ 137,645 $ 538,150 During the six months ended September 30, 2018 the Fund disposed of nineteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2018 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * 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 3 - 25,006 41,555 Series 31 2 - 47,000 69,452 Series 32 - 1 487,880 487,880 Series 36 - 1 243,163 243,163 Series 37 - 1 1,020,649 1,020,649 Series 38 1 - 7,000 7,000 Series 40 1 - 44,500 44,500 Series 41 - 1 14,000 14,000 Series 42 1 - 42,500 42,500 Series 43 1 - 9,000 9,000 Series 45 1 - 342,500 342,500 Total 15 4 $ 2,580,529 $ 2,619,630 * Fund proceeds from disposition does not include $100, $16,549 and $22,452, which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29, Series 30 and Series 31, respectively. The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund’s investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements. During the six months ended September 30, 2017 the Fund disposed of eighteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2017 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * Gain on Disposition Series 23 - 1 $ 959,665 $ 959,665 Series 25 4 - 97,399 97,399 Series 26 4 - 80,000 80,000 Series 27 - 1 3,291,567 3,291,567 Series 30 1 1 226,021 265,984 Series 31 2 - 45,000 45,000 Series 32 - 1 1,548,505 1,548,505 Series 35 1 - 2,653,528 2,653,528 Series 40 1 - 588,952 588,952 Series 41 1 - 719,829 719,829 Total 14 4 $ 10,210,466 $ 10,250,429 * Fund proceeds from disposition does not include $39,963 which was due to a writeoff of capital contribution payable as of September 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 six months ended June 30, 2018. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 22,343,323 $ 26,987,297 Interest and other 663,683 852,756 23,007,006 27,840,053 Expenses Interest 3,644,356 4,613,504 Depreciation and amortization 5,775,862 7,332,051 Operating expenses 16,122,850 19,961,263 25,543,068 31,906,818 NET LOSS $ (2,536,062) $ (4,066,765) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (2,510,699) $ (4,026,097) Net loss allocated to other $ (25,363) $ (40,668) * Amounts include $(2,510,699) and $(4,026,097) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 20 2018 2017 Revenues Rental $ 139,480 $ 266,942 Interest and other 9,921 16,914 149,401 283,856 Expenses Interest 11,732 25,735 Depreciation and amortization 28,416 72,185 Operating expenses 124,517 235,116 164,665 333,036 NET LOSS $ (15,264) $ (49,180) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (15,111) $ (48,688) Net loss allocated to other $ (153) $ (492) * Amounts include $(15,111) and $(48,688) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 21 2018 2017 Revenues Rental $ - $ 246,778 Interest and other - 1,720 - 248,498 Expenses Interest - 19,832 Depreciation and amortization - 41,440 Operating expenses - 196,601 - 257,873 NET LOSS $ - $ (9,375) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (9,281) Net loss allocated to other $ - $ (94) * Amounts include $- and $(9,281) 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 $ 255,007 $ 255,056 Interest and other 6,424 9,109 261,431 264,165 Expenses Interest 21,753 22,684 Depreciation and amortization 54,539 69,003 Operating expenses 215,777 207,737 292,069 299,424 NET LOSS $ (30,638) $ (35,259) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (30,332) $ (34,906) Net loss allocated to other $ (306) $ (353) * Amounts include $(30,332) and $(34,906) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 23 2018 2017 Revenues Rental $ 204,371 $ 211,249 Interest and other 8,421 10,596 212,792 221,845 Expenses Interest 14,889 12,041 Depreciation and amortization 45,095 44,899 Operating expenses 169,287 175,607 229,271 232,547 NET LOSS $ (16,479) $ (10,702) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (16,314) $ (10,595) Net loss allocated to other $ (165) $ (107) * Amounts include $(16,314) and $(10,595) for 2018 and 2017, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 24 2018 2017 Revenues Rental $ 428,402 $ 512,589 Interest and other 13,733 10,241 442,135 522,830 Expenses Interest 34,789 45,126 Depreciation and amortization 121,938 140,696 Operating expenses 342,441 413,532 499,168 599,354 NET LOSS $ (57,033) $ (76,524) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (56,463) $ (75,759) Net loss allocated to other $ (570) $ (765) * Amounts include $(56,463) and $(75,759) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 25 2018 2017 Revenues Rental $ - $ - Interest and other - - - - Expenses Interest - - Depreciation and amortization - - Operating expenses - - - - NET LOSS $ - $ - Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ - Net loss allocated to other $ - $ - * Amounts include $- and $- 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 26 2018 2017 Revenues Rental $ 637,353 $ 900,779 Interest and other 7,655 18,548 645,008 919,327 Expenses Interest 111,673 142,592 Depreciation and amortization 155,406 232,520 Operating expenses 536,826 780,980 803,905 1,156,092 NET LOSS $ (158,897) $ (236,765) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (157,308) $ (234,397) Net loss allocated to other $ (1,589) $ (2,368) * Amounts include $(157,308) and $(234,397) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 27 2018 2017 Revenues Rental $ 330,303 $ 402,299 Interest and other 6,495 5,622 336,798 407,921 Expenses Interest 16,620 23,507 Depreciation and amortization 88,925 120,642 Operating expenses 275,358 329,597 380,903 473,746 NET LOSS $ (44,105) $ (65,825) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (43,664) $ (65,167) Net loss allocated to other $ (441) $ (658) * Amounts include $(43,664) and $(65,167) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 28 2018 2017 Revenues Rental $ 411,179 $ 501,140 Interest and other 22,570 12,635 433,749 513,775 Expenses Interest 66,567 81,516 Depreciation and amortization 91,762 112,889 Operating expenses 340,875 391,916 499,204 586,321 NET LOSS $ (65,455) $ (72,546) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (64,800) $ (71,821) Net loss allocated to other $ (655) $ (725) * Amounts include $(64,800) and $(71,821) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 29 2018 2017 Revenues Rental $ 543,919 $ 874,203 Interest and other 21,495 84,101 565,414 958,304 Expenses Interest 106,247 196,702 Depreciation and amortization 114,458 247,758 Operating expenses 459,302 777,606 680,007 1,222,066 NET LOSS $ (114,593) $ (263,762) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (113,447) $ (261,124) Net loss allocated to other $ (1,146) $ (2,638) * Amounts include $(113,447) and $(261,124) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 30 2018 2017 Revenues Rental $ 322,299 $ 515,042 Interest and other 7,537 12,640 329,836 527,682 Expenses Interest 34,088 46,813 Depreciation and amortization 76,907 145,249 Operating expenses 261,993 404,406 372,988 596,468 NET LOSS $ (43,152) $ (68,786) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (42,720) $ (68,098) Net loss allocated to other $ (432) $ (688) * Amounts include $(42,720) and $(68,098) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 31 2018 2017 Revenues Rental $ 563,108 $ 779,319 Interest and other 21,066 22,666 584,174 801,985 Expenses Interest 41,564 74,857 Depreciation and amortization 209,468 264,177 Operating expenses 563,223 695,785 814,255 1,034,819 NET LOSS $ (230,081) $ (232,834) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (227,780) $ (230,506) Net loss allocated to other $ (2,301) $ (2,328) * Amounts include $(227,780) and $(230,506) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 32 2018 2017 Revenues Rental $ 770,495 $ 1,022,002 Interest and other 11,472 26,860 781,967 1,048,862 Expenses Interest 128,444 164,515 Depreciation and amortization 219,165 311,842 Operating expenses 641,294 816,689 988,903 1,293,046 NET LOSS $ (206,936) $ (244,184) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (204,867) $ (241,742) Net loss allocated to other $ (2,069) $ (2,442) * Amounts include $(204,867) and $(241,742) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 33 2018 2017 Revenues Rental $ 632,934 $ 704,712 Interest and other 23,019 25,494 655,953 730,206 Expenses Interest 101,675 119,565 Depreciation and amortization 139,535 179,293 Operating expenses 465,670 538,916 706,880 837,774 NET LOSS $ (50,927) $ (107,568) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (50,418) $ (106,492) Net loss allocated to other $ (509) $ (1,076) * Amounts include $(50,418) and $(106,492) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 34 2018 2017 Revenues Rental $ 495,011 $ 485,873 Interest and other 25,201 17,506 520,212 503,379 Expenses Interest 57,916 52,131 Depreciation and amortization 137,095 137,814 Operating expenses 370,981 377,235 565,992 567,180 NET LOSS $ (45,780) $ (63,801) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (45,322) $ (63,163) Net loss allocated to other $ (458) $ (638) * Amounts include $(45,322) and $(63,163) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 35 2018 2017 Revenues Rental $ 504,934 $ 571,313 Interest and other 28,304 16,103 533,238 587,416 Expenses Interest 83,244 94,832 Depreciation and amortization 161,156 173,454 Operating expenses 303,777 334,048 548,177 602,334 NET LOSS $ (14,939) $ (14,918) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (14,790) $ (14,769) Net loss allocated to other $ (149) $ (149) * Amounts include $(14,790) and $(14,769) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 36 2018 2017 Revenues Rental $ 284,874 $ 322,092 Interest and other 5,290 9,178 290,164 331,270 Expenses Interest 52,992 64,417 Depreciation and amortization 70,217 84,557 Operating expenses 208,729 248,232 331,938 397,206 NET LOSS $ (41,774) $ (65,936) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (41,356) $ (65,277) Net loss allocated to other $ (418) $ (659) * Amounts include $(41,356) and $(65,277) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 37 2018 2017 Revenues Rental $ - $ 407,915 Interest and other - 40,351 - 448,266 Expenses Interest - 64,154 Depreciation and amortization - 139,403 Operating expenses - 316,589 - 520,146 NET LOSS $ - $ (71,880) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (71,161) Net loss allocated to other $ - $ (719) * Amounts include $- and $(71,161) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 38 2018 2017 Revenues Rental $ 810,726 $ 887,427 Interest and other 16,373 10,837 827,099 898,264 Expenses Interest 111,239 123,561 Depreciation and amortization 155,514 186,314 Operating expenses 564,808 640,508 831,561 950,383 NET LOSS $ (4,462) $ (52,119) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (4,417) $ (51,598) Net loss allocated to other $ (45) $ (521) * Amounts include $(4,417) and $(51,598) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 39 2018 2017 Revenues Rental $ - $ 84,216 Interest and other - - - 84,216 Expenses Interest - 3,119 Depreciation and amortization - 14,546 Operating expenses - 73,250 - 90,915 NET LOSS $ - $ (6,699) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (6,632) Net loss allocated to other $ - $ (67) * Amounts include $- and $(6,632) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 40 2018 2017 Revenues Rental $ 1,017,456 $ 1,149,937 Interest and other 26,894 26,095 1,044,350 1,176,032 Expenses Interest 189,214 238,819 Depreciation and amortization 276,150 335,439 Operating expenses 794,063 935,512 1,259,427 1,509,770 NET LOSS $ (215,077) $ (333,738) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (212,926) $ (330,401) Net loss allocated to other $ (2,151) $ (3,337) * Amounts include $(212,926) and $(330,401) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 41 2018 2017 Revenues Rental $ 1,815,549 $ 2,581,490 Interest and other 29,661 53,502 1,845,210 2,634,992 Expenses Interest 340,027 531,094 Depreciation and amortization 384,753 613,670 Operating expenses 1,223,663 1,808,103 1,948,443 2,952,867 NET LOSS $ (103,233) $ (317,875) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (102,201) $ (314,696) Net loss allocated to other $ (1,032) $ (3,179) * Amounts include $(102,201) and $(314,696) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 42 2018 2017 Revenues Rental $ 1,196,029 $ 1,823,744 Interest and other 47,542 76,131 1,243,571 1,899,875 Expenses Interest 242,115 395,600 Depreciation and amortization 362,541 560,944 Operating expenses 876,593 1,360,604 1,481,249 2,317,148 NET LOSS $ (237,678) $ (417,273) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (235,301) $ (413,100) Net loss allocated to other $ (2,377) $ (4,173) * Amounts include $(235,301) and $(413,100) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 43 2018 2017 Revenues Rental $ 2,093,498 $ 2,619,352 Interest and other 90,363 131,204 2,183,861 2,750,556 Expenses Interest 256,666 411,981 Depreciation and amortization 695,187 863,189 Operating expenses 1,576,475 2,020,128 2,528,328 3,295,298 NET LOSS $ (344,467) $ (544,742) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (341,022) $ (539,295) Net loss allocated to other $ (3,445) $ (5,447) * Amounts include $(341,022) and $(539,295) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 44 Revenues Rental $ 2,981,014 $ 2,931,740 Interest and other 81,854 90,941 3,062,868 3,022,681 Expenses Interest 695,577 701,213 Depreciation and amortization 676,174 683,908 Operating expenses 1,711,083 1,757,026 3,082,834 3,142,147 NET LOSS $ (19,966) $ (119,466) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (19,766) $ (118,271) Net loss allocated to other $ (200) $ (1,195) * Amounts include $(19,766) and $(118,271) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 45 2018 2017 Revenues Rental $ 3,545,117 $ 3,620,177 Interest and other 80,792 73,570 3,625,909 3,693,747 Expenses Interest 455,418 485,156 Depreciation and amortization 944,459 984,440 Operating expenses 2,613,391 2,621,021 4,013,268 4,090,617 NET LOSS $ (387,359) $ (396,870) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (383,485) $ (392,901) Net loss allocated to other $ (3,874) $ (3,969) * Amounts include $(383,485) and $(392,901) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. The Fund accounts for its investments using the equity method of accounting. Under the equity method of accounting, the Fund adjusts its investment cost for its share of each Operating Partnership's results of operations and for any distributions received or accrued. However, the Fund recognizes individual operating losses only to the extent of capital contributions. Excess losses are suspended for use in future years to offset excess income. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS Series 46 2018 2017 Revenues Rental $ 2,360,265 $ 2,309,911 Interest and other 71,601 50,192 2,431,866 2,360,103 Expenses Interest 469,907 471,942 Deprec |
TAXABLE LOSS
TAXABLE LOSS | 6 Months Ended |
Sep. 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 | 6 Months Ended |
Sep. 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 | 6 Months Ended |
Sep. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE G - SUBSEQUENT EVENTS Events that occur after the balance sheet date but before the financial statements were available to be issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes. Management evaluated the activity of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements. |
ORGANIZATION (Tables)
ORGANIZATION (Tables) | 6 Months Ended |
Sep. 30, 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) | 6 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
Schedule Of Gross Management Fee [Table Text Block] | The fund management fees accrued for the quarters ended September 30, 2018 and 2017, are as follows: 2018 2017 Series 20 $ 2,549 $ 5,536 Series 21 - 2,719 Series 22 6,426 7,303 Series 23 5,556 5,556 Series 24 10,761 12,588 Series 25 - 5,440 Series 26 13,938 22,545 Series 27 7,635 9,555 Series 28 7,296 8,844 Series 29 7,261 20,547 Series 30 7,462 12,609 Series 31 16,535 21,699 Series 32 19,794 26,370 Series 33 13,318 16,397 Series 34 12,366 12,366 Series 35 10,653 17,481 Series 36 5,990 7,626 Series 37 3,396 12,501 Series 38 16,581 18,234 Series 39 - 1,709 Series 40 26,594 28,709 Series 41 34,076 52,147 Series 42 27,505 42,870 Series 43 45,091 57,693 Series 44 57,826 57,825 Series 45 67,565 70,359 Series 46 52,299 52,299 $ 478,473 $ 609,527 |
Schedule Of Management Fees Paid [Table Text Block] | The fund management fees paid for the six months ended September 30, 2018 and 2017 are as follows: 2018 2017 Series 20 $ 193,337 $ - Series 22 25,000 - Series 23 250,000 488,550 Series 24 21,522 25,176 Series 25 - 11,374 Series 26 29,547 45,090 Series 27 15,270 24,523 Series 28 16,140 17,688 Series 29 519,601 - Series 30 185,027 - Series 31 35,627 43,398 Series 32 787,880 584,057 Series 33 206,940 - Series 34 150,000 242,500 Series 35 21,306 586,944 Series 36 13,616 782,757 Series 37 526,729 959,639 Series 38 53,049 831,893 Series 39 - 699,711 Series 40 225,000 49,000 Series 41 520,930 70,500 Series 42 56,839 85,740 Series 43 566,306 - Series 45 242,500 - Series 46 180,000 - $ 4,842,166 $ 5,548,540 |
INVESTMENTS IN OPERATING PART_2
INVESTMENTS IN OPERATING PARTNERSHIPS (Tables) | 6 Months Ended |
Sep. 30, 2018 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Schedule Of Number Of Operating Partnerships [Table Text Block] | The breakdown of Operating Partnerships within the Fund at September 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 - - Series 26 8 9 Series 27 3 4 Series 28 4 5 Series 29 5 8 Series 30 2 6 Series 31 6 8 Series 32 5 6 Series 33 3 5 Series 34 4 4 Series 35 2 2 Series 36 2 3 Series 37 - 2 Series 38 3 4 Series 39 - 1 Series 40 8 9 Series 41 11 16 Series 42 10 15 Series 43 16 19 Series 44 7 7 Series 45 25 27 Series 46 14 14 150 191 |
Schedule Of Contributions Payable [Table Text Block] | The contributions payable at September 30, 2018 and 2017, are as follows: 2018 2017 Series 29 $ 785 $ 8,235 Series 30 48,627 65,176 Series 31 43,842 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 $ 137,645 $ 538,150 |
Schedule Of Dispositions By Series [Table Text Block] | During the six months ended September 30, 2018 the Fund disposed of nineteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2018 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * 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 3 - 25,006 41,555 Series 31 2 - 47,000 69,452 Series 32 - 1 487,880 487,880 Series 36 - 1 243,163 243,163 Series 37 - 1 1,020,649 1,020,649 Series 38 1 - 7,000 7,000 Series 40 1 - 44,500 44,500 Series 41 - 1 14,000 14,000 Series 42 1 - 42,500 42,500 Series 43 1 - 9,000 9,000 Series 45 1 - 342,500 342,500 Total 15 4 $ 2,580,529 $ 2,619,630 * Fund proceeds from disposition does not include $100, $16,549 and $22,452, which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29, Series 30 and Series 31, respectively. The gain described above is for financial statement purposes only. There are significant differences between the equity method of accounting and the tax reporting of income and losses from Operating Partnership investments. The largest difference is the ability, for tax purposes, to deduct losses in excess of the Fund’s investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements. During the six months ended September 30, 2017 the Fund disposed of eighteen Operating Partnerships. A summary of the dispositions by Series for September 30, 2017 is as follows: Operating Partnership Interest Transferred Sale of Underlying Operating Partnership Fund Proceeds from Disposition * Gain on Disposition Series 23 - 1 $ 959,665 $ 959,665 Series 25 4 - 97,399 97,399 Series 26 4 - 80,000 80,000 Series 27 - 1 3,291,567 3,291,567 Series 30 1 1 226,021 265,984 Series 31 2 - 45,000 45,000 Series 32 - 1 1,548,505 1,548,505 Series 35 1 - 2,653,528 2,653,528 Series 40 1 - 588,952 588,952 Series 41 1 - 719,829 719,829 Total 14 4 $ 10,210,466 $ 10,250,429 * Fund proceeds from disposition does not include $39,963 which was due to a writeoff of capital contribution payable as of September 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 six months ended June 30, 2018. COMBINED CONDENSED SUMMARIZED STATEMENTS OF OPERATIONS 2018 2017 Revenues Rental $ 22,343,323 $ 26,987,297 Interest and other 663,683 852,756 23,007,006 27,840,053 Expenses Interest 3,644,356 4,613,504 Depreciation and amortization 5,775,862 7,332,051 Operating expenses 16,122,850 19,961,263 25,543,068 31,906,818 NET LOSS $ (2,536,062) $ (4,066,765) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (2,510,699) $ (4,026,097) Net loss allocated to other $ (25,363) $ (40,668) * Amounts include $(2,510,699) and $(4,026,097) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 20 2018 2017 Revenues Rental $ 139,480 $ 266,942 Interest and other 9,921 16,914 149,401 283,856 Expenses Interest 11,732 25,735 Depreciation and amortization 28,416 72,185 Operating expenses 124,517 235,116 164,665 333,036 NET LOSS $ (15,264) $ (49,180) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (15,111) $ (48,688) Net loss allocated to other $ (153) $ (492) * Amounts include $(15,111) and $(48,688) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 21 2018 2017 Revenues Rental $ - $ 246,778 Interest and other - 1,720 - 248,498 Expenses Interest - 19,832 Depreciation and amortization - 41,440 Operating expenses - 196,601 - 257,873 NET LOSS $ - $ (9,375) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (9,281) Net loss allocated to other $ - $ (94) * Amounts include $- and $(9,281) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 22 2018 2017 Revenues Rental $ 255,007 $ 255,056 Interest and other 6,424 9,109 261,431 264,165 Expenses Interest 21,753 22,684 Depreciation and amortization 54,539 69,003 Operating expenses 215,777 207,737 292,069 299,424 NET LOSS $ (30,638) $ (35,259) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (30,332) $ (34,906) Net loss allocated to other $ (306) $ (353) * Amounts include $(30,332) and $(34,906) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 23 2018 2017 Revenues Rental $ 204,371 $ 211,249 Interest and other 8,421 10,596 212,792 221,845 Expenses Interest 14,889 12,041 Depreciation and amortization 45,095 44,899 Operating expenses 169,287 175,607 229,271 232,547 NET LOSS $ (16,479) $ (10,702) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (16,314) $ (10,595) Net loss allocated to other $ (165) $ (107) * Amounts include $(16,314) and $(10,595) for 2018 and 2017, of net loss not recognized under the equity method of accounting. Series 24 2018 2017 Revenues Rental $ 428,402 $ 512,589 Interest and other 13,733 10,241 442,135 522,830 Expenses Interest 34,789 45,126 Depreciation and amortization 121,938 140,696 Operating expenses 342,441 413,532 499,168 599,354 NET LOSS $ (57,033) $ (76,524) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (56,463) $ (75,759) Net loss allocated to other $ (570) $ (765) * Amounts include $(56,463) and $(75,759) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 25 2018 2017 Revenues Rental $ - $ - Interest and other - - - - Expenses Interest - - Depreciation and amortization - - Operating expenses - - - - NET LOSS $ - $ - Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ - Net loss allocated to other $ - $ - * Amounts include $- and $- for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 26 2018 2017 Revenues Rental $ 637,353 $ 900,779 Interest and other 7,655 18,548 645,008 919,327 Expenses Interest 111,673 142,592 Depreciation and amortization 155,406 232,520 Operating expenses 536,826 780,980 803,905 1,156,092 NET LOSS $ (158,897) $ (236,765) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (157,308) $ (234,397) Net loss allocated to other $ (1,589) $ (2,368) * Amounts include $(157,308) and $(234,397) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 27 2018 2017 Revenues Rental $ 330,303 $ 402,299 Interest and other 6,495 5,622 336,798 407,921 Expenses Interest 16,620 23,507 Depreciation and amortization 88,925 120,642 Operating expenses 275,358 329,597 380,903 473,746 NET LOSS $ (44,105) $ (65,825) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (43,664) $ (65,167) Net loss allocated to other $ (441) $ (658) * Amounts include $(43,664) and $(65,167) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 28 2018 2017 Revenues Rental $ 411,179 $ 501,140 Interest and other 22,570 12,635 433,749 513,775 Expenses Interest 66,567 81,516 Depreciation and amortization 91,762 112,889 Operating expenses 340,875 391,916 499,204 586,321 NET LOSS $ (65,455) $ (72,546) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (64,800) $ (71,821) Net loss allocated to other $ (655) $ (725) * Amounts include $(64,800) and $(71,821) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 29 2018 2017 Revenues Rental $ 543,919 $ 874,203 Interest and other 21,495 84,101 565,414 958,304 Expenses Interest 106,247 196,702 Depreciation and amortization 114,458 247,758 Operating expenses 459,302 777,606 680,007 1,222,066 NET LOSS $ (114,593) $ (263,762) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (113,447) $ (261,124) Net loss allocated to other $ (1,146) $ (2,638) * Amounts include $(113,447) and $(261,124) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 30 2018 2017 Revenues Rental $ 322,299 $ 515,042 Interest and other 7,537 12,640 329,836 527,682 Expenses Interest 34,088 46,813 Depreciation and amortization 76,907 145,249 Operating expenses 261,993 404,406 372,988 596,468 NET LOSS $ (43,152) $ (68,786) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (42,720) $ (68,098) Net loss allocated to other $ (432) $ (688) * Amounts include $(42,720) and $(68,098) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 31 2018 2017 Revenues Rental $ 563,108 $ 779,319 Interest and other 21,066 22,666 584,174 801,985 Expenses Interest 41,564 74,857 Depreciation and amortization 209,468 264,177 Operating expenses 563,223 695,785 814,255 1,034,819 NET LOSS $ (230,081) $ (232,834) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (227,780) $ (230,506) Net loss allocated to other $ (2,301) $ (2,328) * Amounts include $(227,780) and $(230,506) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 32 2018 2017 Revenues Rental $ 770,495 $ 1,022,002 Interest and other 11,472 26,860 781,967 1,048,862 Expenses Interest 128,444 164,515 Depreciation and amortization 219,165 311,842 Operating expenses 641,294 816,689 988,903 1,293,046 NET LOSS $ (206,936) $ (244,184) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (204,867) $ (241,742) Net loss allocated to other $ (2,069) $ (2,442) * Amounts include $(204,867) and $(241,742) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 33 2018 2017 Revenues Rental $ 632,934 $ 704,712 Interest and other 23,019 25,494 655,953 730,206 Expenses Interest 101,675 119,565 Depreciation and amortization 139,535 179,293 Operating expenses 465,670 538,916 706,880 837,774 NET LOSS $ (50,927) $ (107,568) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (50,418) $ (106,492) Net loss allocated to other $ (509) $ (1,076) * Amounts include $(50,418) and $(106,492) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 34 2018 2017 Revenues Rental $ 495,011 $ 485,873 Interest and other 25,201 17,506 520,212 503,379 Expenses Interest 57,916 52,131 Depreciation and amortization 137,095 137,814 Operating expenses 370,981 377,235 565,992 567,180 NET LOSS $ (45,780) $ (63,801) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (45,322) $ (63,163) Net loss allocated to other $ (458) $ (638) * Amounts include $(45,322) and $(63,163) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 35 2018 2017 Revenues Rental $ 504,934 $ 571,313 Interest and other 28,304 16,103 533,238 587,416 Expenses Interest 83,244 94,832 Depreciation and amortization 161,156 173,454 Operating expenses 303,777 334,048 548,177 602,334 NET LOSS $ (14,939) $ (14,918) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (14,790) $ (14,769) Net loss allocated to other $ (149) $ (149) * Amounts include $(14,790) and $(14,769) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 36 2018 2017 Revenues Rental $ 284,874 $ 322,092 Interest and other 5,290 9,178 290,164 331,270 Expenses Interest 52,992 64,417 Depreciation and amortization 70,217 84,557 Operating expenses 208,729 248,232 331,938 397,206 NET LOSS $ (41,774) $ (65,936) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (41,356) $ (65,277) Net loss allocated to other $ (418) $ (659) * Amounts include $(41,356) and $(65,277) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 37 2018 2017 Revenues Rental $ - $ 407,915 Interest and other - 40,351 - 448,266 Expenses Interest - 64,154 Depreciation and amortization - 139,403 Operating expenses - 316,589 - 520,146 NET LOSS $ - $ (71,880) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (71,161) Net loss allocated to other $ - $ (719) * Amounts include $- and $(71,161) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 38 2018 2017 Revenues Rental $ 810,726 $ 887,427 Interest and other 16,373 10,837 827,099 898,264 Expenses Interest 111,239 123,561 Depreciation and amortization 155,514 186,314 Operating expenses 564,808 640,508 831,561 950,383 NET LOSS $ (4,462) $ (52,119) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (4,417) $ (51,598) Net loss allocated to other $ (45) $ (521) * Amounts include $(4,417) and $(51,598) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 39 2018 2017 Revenues Rental $ - $ 84,216 Interest and other - - - 84,216 Expenses Interest - 3,119 Depreciation and amortization - 14,546 Operating expenses - 73,250 - 90,915 NET LOSS $ - $ (6,699) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ - $ (6,632) Net loss allocated to other $ - $ (67) * Amounts include $- and $(6,632) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 40 2018 2017 Revenues Rental $ 1,017,456 $ 1,149,937 Interest and other 26,894 26,095 1,044,350 1,176,032 Expenses Interest 189,214 238,819 Depreciation and amortization 276,150 335,439 Operating expenses 794,063 935,512 1,259,427 1,509,770 NET LOSS $ (215,077) $ (333,738) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (212,926) $ (330,401) Net loss allocated to other $ (2,151) $ (3,337) * Amounts include $(212,926) and $(330,401) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 41 2018 2017 Revenues Rental $ 1,815,549 $ 2,581,490 Interest and other 29,661 53,502 1,845,210 2,634,992 Expenses Interest 340,027 531,094 Depreciation and amortization 384,753 613,670 Operating expenses 1,223,663 1,808,103 1,948,443 2,952,867 NET LOSS $ (103,233) $ (317,875) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (102,201) $ (314,696) Net loss allocated to other $ (1,032) $ (3,179) * Amounts include $(102,201) and $(314,696) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 42 2018 2017 Revenues Rental $ 1,196,029 $ 1,823,744 Interest and other 47,542 76,131 1,243,571 1,899,875 Expenses Interest 242,115 395,600 Depreciation and amortization 362,541 560,944 Operating expenses 876,593 1,360,604 1,481,249 2,317,148 NET LOSS $ (237,678) $ (417,273) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (235,301) $ (413,100) Net loss allocated to other $ (2,377) $ (4,173) * Amounts include $(235,301) and $(413,100) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 43 2018 2017 Revenues Rental $ 2,093,498 $ 2,619,352 Interest and other 90,363 131,204 2,183,861 2,750,556 Expenses Interest 256,666 411,981 Depreciation and amortization 695,187 863,189 Operating expenses 1,576,475 2,020,128 2,528,328 3,295,298 NET LOSS $ (344,467) $ (544,742) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (341,022) $ (539,295) Net loss allocated to other $ (3,445) $ (5,447) * Amounts include $(341,022) and $(539,295) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 44 Revenues Rental $ 2,981,014 $ 2,931,740 Interest and other 81,854 90,941 3,062,868 3,022,681 Expenses Interest 695,577 701,213 Depreciation and amortization 676,174 683,908 Operating expenses 1,711,083 1,757,026 3,082,834 3,142,147 NET LOSS $ (19,966) $ (119,466) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (19,766) $ (118,271) Net loss allocated to other $ (200) $ (1,195) * Amounts include $(19,766) and $(118,271) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 45 2018 2017 Revenues Rental $ 3,545,117 $ 3,620,177 Interest and other 80,792 73,570 3,625,909 3,693,747 Expenses Interest 455,418 485,156 Depreciation and amortization 944,459 984,440 Operating expenses 2,613,391 2,621,021 4,013,268 4,090,617 NET LOSS $ (387,359) $ (396,870) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (383,485) $ (392,901) Net loss allocated to other $ (3,874) $ (3,969) * Amounts include $(383,485) and $(392,901) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. Series 46 2018 2017 Revenues Rental $ 2,360,265 $ 2,309,911 Interest and other 71,601 50,192 2,431,866 2,360,103 Expenses Interest 469,907 471,942 Depreciation and amortization 567,002 571,780 Operating expenses 1,482,724 1,504,519 2,519,633 2,548,241 NET LOSS $ (87,767) $ (188,138) Net loss allocated to Boston Capital Tax Credit Fund IV L.P.* $ (86,889) $ (186,257) Net loss allocated to other $ (878) $ (1,881) * Amounts include $(86,889) and $(186,257) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. |
ORGANIZATION (Details)
ORGANIZATION (Details) - USD ($) | 6 Months Ended | |
Sep. 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, 2003BACs | Jul. 31, 2002BACs | Jul. 31, 2001BACs | Jul. 31, 2000BACs | Aug. 31, 1999BACs | Apr. 30, 1998BACs | Apr. 30, 1996BACs | Dec. 31, 1993BACs | |
Organization And Summary Of Significant Accounting Policy [Line Items] | ||||||||
Limited Partners Capital Account Per Units | 10 | |||||||
Units of limited partnership interest, authorized | 30,000,000 | |||||||
Limited Partners Capital Account Additional Units Registered For Sale | 7,000,000 | 7,000,000 | 7,000,000 | 7,500,000 | 8,000,000 | 25,000,000 | 10,000,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details) - USD ($) | 6 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 478,473 | $ 609,527 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 2,549 | 5,536 |
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 | 5,440 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 13,938 | 22,545 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,635 | 9,555 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,296 | 8,844 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,261 | 20,547 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 7,462 | 12,609 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 16,535 | 21,699 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 19,794 | 26,370 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 13,318 | 16,397 |
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 | 5,990 | 7,626 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 3,396 | 12,501 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 16,581 | 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 | 28,709 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 34,076 | 52,147 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 27,505 | 42,870 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 45,091 | 57,693 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 57,826 | 57,825 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 67,565 | 70,359 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 52,299 | $ 52,299 |
RELATED PARTY TRANSACTIONS (D_2
RELATED PARTY TRANSACTIONS (Details 1) - USD ($) | 6 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 4,842,166 | $ 5,548,540 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 193,337 | 0 |
Series Twenty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 25,000 | 0 |
Series Twenty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 250,000 | 488,550 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 21,522 | 25,176 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 11,374 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 29,547 | 45,090 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 15,270 | 24,523 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 16,140 | 17,688 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 519,601 | 0 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 185,027 | 0 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 35,627 | 43,398 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 787,880 | 584,057 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 206,940 | 0 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 150,000 | 242,500 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 21,306 | 586,944 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 13,616 | 782,757 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 526,729 | 959,639 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 53,049 | 831,893 |
Series Thirty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 699,711 |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 225,000 | 49,000 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 520,930 | 70,500 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 56,839 | 85,740 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 566,306 | 0 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 242,500 | 0 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 180,000 | $ 0 |
RELATED PARTY TRANSACTIONS (D_3
RELATED PARTY TRANSACTIONS (Details Textual) | 6 Months Ended |
Sep. 30, 2018 | |
Related Party Transaction [Line Items] | |
Percentage Of Annual Management Fee | 0.50% |
INVESTMENTS IN OPERATING PART_3
INVESTMENTS IN OPERATING PARTNERSHIPS (Details) - Number | Sep. 30, 2018 | Sep. 30, 2017 |
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 150 | 191 |
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 | 0 |
Series Twenty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 8 | 9 |
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 | 2 | 6 |
Series Thirty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 6 | 8 |
Series Thirty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 5 | 6 |
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 | 2 |
Series Thirty Six [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 2 | 3 |
Series Thirty Seven [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 0 | 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 | 8 | 9 |
Series Forty One [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 11 | 16 |
Series Forty Two [Member] | ||
Number Of Operating Partnerships [Line Items] | ||
Number Of Operating Partnerships | 10 | 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 PART_4
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 1) - USD ($) | Sep. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2017 |
Contributions Payable [Line Items] | |||
Capital contributions payable | $ 137,645 | $ 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 | 48,627 | 65,176 | 65,176 |
Series Thirty One [Member] | |||
Contributions Payable [Line Items] | |||
Capital contributions payable | 43,842 | 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 PART_5
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 2) | 6 Months Ended | ||||
Sep. 30, 2018USD ($)Number | Sep. 30, 2017USD ($)Number | ||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | Number | 15 | 14 | |||
Sale of Underlying Operating Partnership | Number | 4 | 4 | |||
Partnership Proceeds from Disposition * | $ 2,580,529 | [1] | $ 10,210,466 | [2] | |
Gain on Disposition | $ 2,619,630 | 10,250,429 | |||
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 Five [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | 4 | ||||
Sale of Underlying Operating Partnership | 0 | ||||
Partnership Proceeds from Disposition * | $ 0 | $ 97,399 | [2] | ||
Gain on Disposition | $ 97,399 | ||||
Series Twenty Six [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | Number | 1 | 4 | |||
Sale of Underlying Operating Partnership | Number | 0 | 0 | |||
Partnership Proceeds from Disposition * | $ 10,500 | [1] | $ 80,000 | [2] | |
Gain on Disposition | 10,500 | $ 80,000 | |||
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 | 1 | ||||
Sale of Underlying Operating Partnership | 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 | 3 | 1 | |||
Sale of Underlying Operating Partnership | 0 | 1 | |||
Partnership Proceeds from Disposition * | $ 25,006 | [1] | $ 226,021 | [2] | |
Gain on Disposition | $ 41,555 | $ 265,984 | |||
Series Thirty One [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | Number | 2 | 2 | |||
Sale of Underlying Operating Partnership | Number | 0 | 0 | |||
Partnership Proceeds from Disposition * | $ 47,000 | [1] | $ 45,000 | [2] | |
Gain on Disposition | $ 69,452 | $ 45,000 | |||
Series Thirty Two [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | Number | 0 | 0 | |||
Sale of Underlying Operating Partnership | Number | 1 | 1 | |||
Partnership Proceeds from Disposition * | $ 487,880 | [1] | $ 1,548,505 | [2] | |
Gain on Disposition | 487,880 | $ 1,548,505 | |||
Series Thirty 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 * | $ 0 | $ 2,653,528 | [2] | ||
Gain on Disposition | 2,653,528 | ||||
Series Thirty Six [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | 0 | ||||
Sale of Underlying Operating Partnership | 1 | ||||
Partnership Proceeds from Disposition * | $ 243,163 | [1] | 0 | ||
Gain on Disposition | $ 243,163 | ||||
Series Thirty 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 * | $ 1,020,649 | [1] | 0 | ||
Gain on Disposition | $ 1,020,649 | ||||
Series Thirty Eight [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | 1 | ||||
Sale of Underlying Operating Partnership | 0 | ||||
Partnership Proceeds from Disposition * | $ 7,000 | [1] | $ 0 | ||
Gain on Disposition | $ 7,000 | ||||
Series Forty [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | Number | 1 | 1 | |||
Sale of Underlying Operating Partnership | Number | 0 | 0 | |||
Partnership Proceeds from Disposition * | $ 44,500 | [1] | $ 588,952 | [2] | |
Gain on Disposition | $ 44,500 | $ 588,952 | |||
Series Forty One [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | Number | 0 | 1 | |||
Sale of Underlying Operating Partnership | Number | 1 | 0 | |||
Partnership Proceeds from Disposition * | $ 14,000 | [1] | $ 719,829 | [2] | |
Gain on Disposition | $ 14,000 | 719,829 | |||
Series Fourty Two [Member] | |||||
Dispositions By Series Disclosure [Line Items] | |||||
Operating Partnership Interest Transferred | Number | 1 | ||||
Sale of Underlying Operating Partnership | Number | 0 | ||||
Partnership Proceeds from Disposition * | [1] | $ 42,500 | |||
Gain on Disposition | $ 42,500 | ||||
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, $16,549 and $22,452, which was due to a writeoff of capital contribution payable as of September 30, 2018, for Series 29, Series 30 and Series 31, respectively. | ||||
[2] | Fund proceeds from disposition does not include $39,963 which was due to a writeoff of capital contribution payable as of September 30, 2017, for Series 30. |
INVESTMENTS IN OPERATING PART_6
INVESTMENTS IN OPERATING PARTNERSHIPS (Details 3) - USD ($) | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | ||
Revenue | |||
Rental | $ 22,343,323 | $ 26,987,297 | |
Interest and other | 663,683 | 852,756 | |
Operating Partnerships Revenues | 23,007,006 | 27,840,053 | |
Expenses | |||
Interest | 3,644,356 | 4,613,504 | |
Depreciation and amortization | 5,775,862 | 7,332,051 | |
Operating expenses | 16,122,850 | 19,961,263 | |
Operating Partnerships Total Expenses | 25,543,068 | 31,906,818 | |
NET LOSS | (2,536,062) | (4,066,765) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [1] | (2,510,699) | (4,026,097) |
Net loss allocated to other Partners | (25,363) | (40,668) | |
Series Twenty [Member] | |||
Revenue | |||
Rental | 139,480 | 266,942 | |
Interest and other | 9,921 | 16,914 | |
Operating Partnerships Revenues | 149,401 | 283,856 | |
Expenses | |||
Interest | 11,732 | 25,735 | |
Depreciation and amortization | 28,416 | 72,185 | |
Operating expenses | 124,517 | 235,116 | |
Operating Partnerships Total Expenses | 164,665 | 333,036 | |
NET LOSS | (15,264) | (49,180) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [2] | (15,111) | (48,688) |
Net loss allocated to other Partners | (153) | (492) | |
Series Twenty One [Member] | |||
Revenue | |||
Rental | 0 | 246,778 | |
Interest and other | 0 | 1,720 | |
Operating Partnerships Revenues | 0 | 248,498 | |
Expenses | |||
Interest | 0 | 19,832 | |
Depreciation and amortization | 0 | 41,440 | |
Operating expenses | 0 | 196,601 | |
Operating Partnerships Total Expenses | 0 | 257,873 | |
NET LOSS | 0 | (9,375) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [3] | 0 | (9,281) |
Net loss allocated to other Partners | 0 | (94) | |
Series Twenty Two [Member] | |||
Revenue | |||
Rental | 255,007 | 255,056 | |
Interest and other | 6,424 | 9,109 | |
Operating Partnerships Revenues | 261,431 | 264,165 | |
Expenses | |||
Interest | 21,753 | 22,684 | |
Depreciation and amortization | 54,539 | 69,003 | |
Operating expenses | 215,777 | 207,737 | |
Operating Partnerships Total Expenses | 292,069 | 299,424 | |
NET LOSS | (30,638) | (35,259) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [4] | (30,332) | (34,906) |
Net loss allocated to other Partners | (306) | (353) | |
Series Twenty Three [Member] | |||
Revenue | |||
Rental | 204,371 | 211,249 | |
Interest and other | 8,421 | 10,596 | |
Operating Partnerships Revenues | 212,792 | 221,845 | |
Expenses | |||
Interest | 14,889 | 12,041 | |
Depreciation and amortization | 45,095 | 44,899 | |
Operating expenses | 169,287 | 175,607 | |
Operating Partnerships Total Expenses | 229,271 | 232,547 | |
NET LOSS | (16,479) | (10,702) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [5] | (16,314) | (10,595) |
Net loss allocated to other Partners | (165) | (107) | |
Series Twenty Four [Member] | |||
Revenue | |||
Rental | 428,402 | 512,589 | |
Interest and other | 13,733 | 10,241 | |
Operating Partnerships Revenues | 442,135 | 522,830 | |
Expenses | |||
Interest | 34,789 | 45,126 | |
Depreciation and amortization | 121,938 | 140,696 | |
Operating expenses | 342,441 | 413,532 | |
Operating Partnerships Total Expenses | 499,168 | 599,354 | |
NET LOSS | (57,033) | (76,524) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [6] | (56,463) | (75,759) |
Net loss allocated to other Partners | (570) | (765) | |
Series Twenty Five [Member] | |||
Revenue | |||
Rental | 0 | 0 | |
Interest and other | 0 | 0 | |
Operating Partnerships Revenues | 0 | 0 | |
Expenses | |||
Interest | 0 | 0 | |
Depreciation and amortization | 0 | 0 | |
Operating expenses | 0 | 0 | |
Operating Partnerships Total Expenses | 0 | 0 | |
NET LOSS | 0 | 0 | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [7] | 0 | 0 |
Net loss allocated to other Partners | 0 | 0 | |
Series Twenty Six [Member] | |||
Revenue | |||
Rental | 637,353 | 900,779 | |
Interest and other | 7,655 | 18,548 | |
Operating Partnerships Revenues | 645,008 | 919,327 | |
Expenses | |||
Interest | 111,673 | 142,592 | |
Depreciation and amortization | 155,406 | 232,520 | |
Operating expenses | 536,826 | 780,980 | |
Operating Partnerships Total Expenses | 803,905 | 1,156,092 | |
NET LOSS | (158,897) | (236,765) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [8] | (157,308) | (234,397) |
Net loss allocated to other Partners | (1,589) | (2,368) | |
Series Twenty Seven [Member] | |||
Revenue | |||
Rental | 330,303 | 402,299 | |
Interest and other | 6,495 | 5,622 | |
Operating Partnerships Revenues | 336,798 | 407,921 | |
Expenses | |||
Interest | 16,620 | 23,507 | |
Depreciation and amortization | 88,925 | 120,642 | |
Operating expenses | 275,358 | 329,597 | |
Operating Partnerships Total Expenses | 380,903 | 473,746 | |
NET LOSS | (44,105) | (65,825) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [9] | (43,664) | (65,167) |
Net loss allocated to other Partners | (441) | (658) | |
Series Twenty Eight [Member] | |||
Revenue | |||
Rental | 411,179 | 501,140 | |
Interest and other | 22,570 | 12,635 | |
Operating Partnerships Revenues | 433,749 | 513,775 | |
Expenses | |||
Interest | 66,567 | 81,516 | |
Depreciation and amortization | 91,762 | 112,889 | |
Operating expenses | 340,875 | 391,916 | |
Operating Partnerships Total Expenses | 499,204 | 586,321 | |
NET LOSS | (65,455) | (72,546) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [10] | (64,800) | (71,821) |
Net loss allocated to other Partners | (655) | (725) | |
Series Twenty Nine [Member] | |||
Revenue | |||
Rental | 543,919 | 874,203 | |
Interest and other | 21,495 | 84,101 | |
Operating Partnerships Revenues | 565,414 | 958,304 | |
Expenses | |||
Interest | 106,247 | 196,702 | |
Depreciation and amortization | 114,458 | 247,758 | |
Operating expenses | 459,302 | 777,606 | |
Operating Partnerships Total Expenses | 680,007 | 1,222,066 | |
NET LOSS | (114,593) | (263,762) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [11] | (113,447) | (261,124) |
Net loss allocated to other Partners | (1,146) | (2,638) | |
Series Thirty [Member] | |||
Revenue | |||
Rental | 322,299 | 515,042 | |
Interest and other | 7,537 | 12,640 | |
Operating Partnerships Revenues | 329,836 | 527,682 | |
Expenses | |||
Interest | 34,088 | 46,813 | |
Depreciation and amortization | 76,907 | 145,249 | |
Operating expenses | 261,993 | 404,406 | |
Operating Partnerships Total Expenses | 372,988 | 596,468 | |
NET LOSS | (43,152) | (68,786) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [12] | (42,720) | (68,098) |
Net loss allocated to other Partners | (432) | (688) | |
Series Thirty One [Member] | |||
Revenue | |||
Rental | 563,108 | 779,319 | |
Interest and other | 21,066 | 22,666 | |
Operating Partnerships Revenues | 584,174 | 801,985 | |
Expenses | |||
Interest | 41,564 | 74,857 | |
Depreciation and amortization | 209,468 | 264,177 | |
Operating expenses | 563,223 | 695,785 | |
Operating Partnerships Total Expenses | 814,255 | 1,034,819 | |
NET LOSS | (230,081) | (232,834) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [13] | (227,780) | (230,506) |
Net loss allocated to other Partners | (2,301) | (2,328) | |
Series Thirty Two [Member] | |||
Revenue | |||
Rental | 770,495 | 1,022,002 | |
Interest and other | 11,472 | 26,860 | |
Operating Partnerships Revenues | 781,967 | 1,048,862 | |
Expenses | |||
Interest | 128,444 | 164,515 | |
Depreciation and amortization | 219,165 | 311,842 | |
Operating expenses | 641,294 | 816,689 | |
Operating Partnerships Total Expenses | 988,903 | 1,293,046 | |
NET LOSS | (206,936) | (244,184) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [14] | (204,867) | (241,742) |
Net loss allocated to other Partners | (2,069) | (2,442) | |
Series Thirty Three [Member] | |||
Revenue | |||
Rental | 632,934 | 704,712 | |
Interest and other | 23,019 | 25,494 | |
Operating Partnerships Revenues | 655,953 | 730,206 | |
Expenses | |||
Interest | 101,675 | 119,565 | |
Depreciation and amortization | 139,535 | 179,293 | |
Operating expenses | 465,670 | 538,916 | |
Operating Partnerships Total Expenses | 706,880 | 837,774 | |
NET LOSS | (50,927) | (107,568) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [15] | (50,418) | (106,492) |
Net loss allocated to other Partners | (509) | (1,076) | |
Series Thirty Four [Member] | |||
Revenue | |||
Rental | 495,011 | 485,873 | |
Interest and other | 25,201 | 17,506 | |
Operating Partnerships Revenues | 520,212 | 503,379 | |
Expenses | |||
Interest | 57,916 | 52,131 | |
Depreciation and amortization | 137,095 | 137,814 | |
Operating expenses | 370,981 | 377,235 | |
Operating Partnerships Total Expenses | 565,992 | 567,180 | |
NET LOSS | (45,780) | (63,801) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [16] | (45,322) | (63,163) |
Net loss allocated to other Partners | (458) | (638) | |
Series Thirty Five [Member] | |||
Revenue | |||
Rental | 504,934 | 571,313 | |
Interest and other | 28,304 | 16,103 | |
Operating Partnerships Revenues | 533,238 | 587,416 | |
Expenses | |||
Interest | 83,244 | 94,832 | |
Depreciation and amortization | 161,156 | 173,454 | |
Operating expenses | 303,777 | 334,048 | |
Operating Partnerships Total Expenses | 548,177 | 602,334 | |
NET LOSS | (14,939) | (14,918) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [17] | (14,790) | (14,769) |
Net loss allocated to other Partners | (149) | (149) | |
Series Thirty Six [Member] | |||
Revenue | |||
Rental | 284,874 | 322,092 | |
Interest and other | 5,290 | 9,178 | |
Operating Partnerships Revenues | 290,164 | 331,270 | |
Expenses | |||
Interest | 52,992 | 64,417 | |
Depreciation and amortization | 70,217 | 84,557 | |
Operating expenses | 208,729 | 248,232 | |
Operating Partnerships Total Expenses | 331,938 | 397,206 | |
NET LOSS | (41,774) | (65,936) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [18] | (41,356) | (65,277) |
Net loss allocated to other Partners | (418) | (659) | |
Series Thirty Seven [Member] | |||
Revenue | |||
Rental | 0 | 407,915 | |
Interest and other | 0 | 40,351 | |
Operating Partnerships Revenues | 0 | 448,266 | |
Expenses | |||
Interest | 0 | 64,154 | |
Depreciation and amortization | 0 | 139,403 | |
Operating expenses | 0 | 316,589 | |
Operating Partnerships Total Expenses | 0 | 520,146 | |
NET LOSS | 0 | (71,880) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [19] | 0 | (71,161) |
Net loss allocated to other Partners | 0 | (719) | |
Series Thirty Eight [Member] | |||
Revenue | |||
Rental | 810,726 | 887,427 | |
Interest and other | 16,373 | 10,837 | |
Operating Partnerships Revenues | 827,099 | 898,264 | |
Expenses | |||
Interest | 111,239 | 123,561 | |
Depreciation and amortization | 155,514 | 186,314 | |
Operating expenses | 564,808 | 640,508 | |
Operating Partnerships Total Expenses | 831,561 | 950,383 | |
NET LOSS | (4,462) | (52,119) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [20] | (4,417) | (51,598) |
Net loss allocated to other Partners | (45) | (521) | |
Series Thirty Nine [Member] | |||
Revenue | |||
Rental | 0 | 84,216 | |
Interest and other | 0 | 0 | |
Operating Partnerships Revenues | 0 | 84,216 | |
Expenses | |||
Interest | 0 | 3,119 | |
Depreciation and amortization | 0 | 14,546 | |
Operating expenses | 0 | 73,250 | |
Operating Partnerships Total Expenses | 0 | 90,915 | |
NET LOSS | 0 | (6,699) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [21] | 0 | (6,632) |
Net loss allocated to other Partners | 0 | (67) | |
Series Forty [Member] | |||
Revenue | |||
Rental | 1,017,456 | 1,149,937 | |
Interest and other | 26,894 | 26,095 | |
Operating Partnerships Revenues | 1,044,350 | 1,176,032 | |
Expenses | |||
Interest | 189,214 | 238,819 | |
Depreciation and amortization | 276,150 | 335,439 | |
Operating expenses | 794,063 | 935,512 | |
Operating Partnerships Total Expenses | 1,259,427 | 1,509,770 | |
NET LOSS | (215,077) | (333,738) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [22] | (212,926) | (330,401) |
Net loss allocated to other Partners | (2,151) | (3,337) | |
Series Forty One [Member] | |||
Revenue | |||
Rental | 1,815,549 | 2,581,490 | |
Interest and other | 29,661 | 53,502 | |
Operating Partnerships Revenues | 1,845,210 | 2,634,992 | |
Expenses | |||
Interest | 340,027 | 531,094 | |
Depreciation and amortization | 384,753 | 613,670 | |
Operating expenses | 1,223,663 | 1,808,103 | |
Operating Partnerships Total Expenses | 1,948,443 | 2,952,867 | |
NET LOSS | (103,233) | (317,875) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [23] | (102,201) | (314,696) |
Net loss allocated to other Partners | (1,032) | (3,179) | |
Series Forty Two [Member] | |||
Revenue | |||
Rental | 1,196,029 | 1,823,744 | |
Interest and other | 47,542 | 76,131 | |
Operating Partnerships Revenues | 1,243,571 | 1,899,875 | |
Expenses | |||
Interest | 242,115 | 395,600 | |
Depreciation and amortization | 362,541 | 560,944 | |
Operating expenses | 876,593 | 1,360,604 | |
Operating Partnerships Total Expenses | 1,481,249 | 2,317,148 | |
NET LOSS | (237,678) | (417,273) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [24] | (235,301) | (413,100) |
Net loss allocated to other Partners | (2,377) | (4,173) | |
Series Forty Three [Member] | |||
Revenue | |||
Rental | 2,093,498 | 2,619,352 | |
Interest and other | 90,363 | 131,204 | |
Operating Partnerships Revenues | 2,183,861 | 2,750,556 | |
Expenses | |||
Interest | 256,666 | 411,981 | |
Depreciation and amortization | 695,187 | 863,189 | |
Operating expenses | 1,576,475 | 2,020,128 | |
Operating Partnerships Total Expenses | 2,528,328 | 3,295,298 | |
NET LOSS | (344,467) | (544,742) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [25] | (341,022) | (539,295) |
Net loss allocated to other Partners | (3,445) | (5,447) | |
Series Forty Four [Member] | |||
Revenue | |||
Rental | 2,981,014 | 2,931,740 | |
Interest and other | 81,854 | 90,941 | |
Operating Partnerships Revenues | 3,062,868 | 3,022,681 | |
Expenses | |||
Interest | 695,577 | 701,213 | |
Depreciation and amortization | 676,174 | 683,908 | |
Operating expenses | 1,711,083 | 1,757,026 | |
Operating Partnerships Total Expenses | 3,082,834 | 3,142,147 | |
NET LOSS | (19,966) | (119,466) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [26] | (19,766) | (118,271) |
Net loss allocated to other Partners | (200) | (1,195) | |
Series Forty Five [Member] | |||
Revenue | |||
Rental | 3,545,117 | 3,620,177 | |
Interest and other | 80,792 | 73,570 | |
Operating Partnerships Revenues | 3,625,909 | 3,693,747 | |
Expenses | |||
Interest | 455,418 | 485,156 | |
Depreciation and amortization | 944,459 | 984,440 | |
Operating expenses | 2,613,391 | 2,621,021 | |
Operating Partnerships Total Expenses | 4,013,268 | 4,090,617 | |
NET LOSS | (387,359) | (396,870) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [27] | (383,485) | (392,901) |
Net loss allocated to other Partners | (3,874) | (3,969) | |
Series Forty Six [Member] | |||
Revenue | |||
Rental | 2,360,265 | 2,309,911 | |
Interest and other | 71,601 | 50,192 | |
Operating Partnerships Revenues | 2,431,866 | 2,360,103 | |
Expenses | |||
Interest | 469,907 | 471,942 | |
Depreciation and amortization | 567,002 | 571,780 | |
Operating expenses | 1,482,724 | 1,504,519 | |
Operating Partnerships Total Expenses | 2,519,633 | 2,548,241 | |
NET LOSS | (87,767) | (188,138) | |
Net loss allocated to Boston Capital Tax Credit Fund IV L.P. | [28] | (86,889) | (186,257) |
Net loss allocated to other Partners | $ (878) | $ (1,881) | |
[1] | Amounts include $(2,510,699) and $(4,026,097) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[2] | Amounts include $(15,111) and $(48,688) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[3] | Amounts include $- and $(9,281) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[4] | Amounts include $(30,332) and $(34,906) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[5] | Amounts include $(16,314) and $(10,595) for 2018 and 2017, of net loss not recognized under the equity method of accounting. | ||
[6] | Amounts include $(56,463) and $(75,759) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[7] | Amounts include $- and $- for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[8] | Amounts include $(157,308) and $(234,397) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[9] | Amounts include $(43,664) and $(65,167) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[10] | Amounts include $(64,800) and $(71,821) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[11] | Amounts include $(113,447) and $(261,124) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[12] | Amounts include $(42,720) and $(68,098) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[13] | Amounts include $(227,780) and $(230,506) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[14] | Amounts include $(204,867) and $(241,742) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[15] | Amounts include $(50,418) and $(106,492) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[16] | Amounts include $(45,322) and $(63,163) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[17] | Amounts include $(14,790) and $(14,769) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[18] | Amounts include $(41,356) and $(65,277) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[19] | Amounts include $- and $(71,161) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[20] | Amounts include $(4,417) and $(51,598) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[21] | Amounts include $- and $(6,632) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[22] | Amounts include $(212,926) and $(330,401) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[23] | Amounts include $(102,201) and $(314,696) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[24] | Amounts include $(235,301) and $(413,100) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[25] | Amounts include $(341,022) and $(539,295) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[26] | Amounts include $(19,766) and $(118,271) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[27] | Amounts include $(383,485) and $(392,901) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. | ||
[28] | Amounts include $(86,889) and $(186,257) for 2018 and 2017, respectively, of net loss not recognized under the equity method of accounting. |
INVESTMENTS IN OPERATING PART_7
INVESTMENTS IN OPERATING PARTNERSHIPS (Details Textual) - USD ($) | 6 Months Ended | |||
Sep. 30, 2018 | Jun. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2017 | |
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | $ (2,510,699) | $ (4,026,097) | ||
Series Twenty [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (15,111) | (48,688) | ||
Series Twenty One [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | 0 | (9,281) | ||
Series Twenty Two [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (30,332) | (34,906) | ||
Series Twenty Three [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (16,314) | (10,595) | ||
Series Twenty Four [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (56,463) | (75,759) | ||
Series Twenty Five [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | 0 | 0 | ||
Series Twenty Six [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (157,308) | (234,397) | ||
Series Twenty Seven [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (43,664) | (65,167) | ||
Series Twenty Eight [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (64,800) | (71,821) | ||
Series Twenty Nine [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (113,447) | (261,124) | ||
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 | (42,720) | (68,098) | ||
Write Off Of Capital Contribution Payable | 16,549 | $ 39,963 | ||
Series Thirty One [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (227,780) | (230,506) | ||
Write Off Of Capital Contribution Payable | $ 22,452 | |||
Series Thirty Two [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (204,867) | (241,742) | ||
Series Thirty Three [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (50,418) | (106,492) | ||
Series Thirty Four [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (45,322) | (63,163) | ||
Series Thirty Five [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (14,790) | (14,769) | ||
Series Thirty Six [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (41,356) | (65,277) | ||
Series Thirty Seven [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | 0 | (71,161) | ||
Series Thirty Eight [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (4,417) | (51,598) | ||
Series Thirty Nine [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | 0 | (6,632) | ||
Series Forty [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (212,926) | (330,401) | ||
Series Forty One [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (102,201) | (314,696) | ||
Series Forty Two [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (235,301) | (413,100) | ||
Series Forty Three [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (341,022) | (539,295) | ||
Series Forty Four [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (19,766) | (118,271) | ||
Series Forty Five [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | (383,485) | (392,901) | ||
Series Forty Six [Member] | ||||
Investments In Operating Limited Partnerships [Line Items] | ||||
Income Loss Not Recognized Under Equity Method Accounting | $ (86,889) | $ (186,257) |