Document And Entity Information
Document And Entity Information | 12 Months Ended |
Mar. 31, 2021USD ($)shares | |
Cover [Abstract] | |
Document Type | 10-K |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2021 |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | BF Garden Tax Credit Fund IV L.P. |
Entity Central Index Key | 0000913778 |
Current Fiscal Year End Date | --03-31 |
Entity Voluntary Filers | No |
Entity Well-known Seasoned Issuer | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Public Float | $ | $ 0 |
Entity Common Stock, Shares Outstanding | shares | 0 |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Entity Small Business | true |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Mar. 31, 2021 | Mar. 31, 2020 |
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | $ 0 | $ 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 10,819,585 | 6,622,109 |
Other assets | 10,829 | 15,088 |
ASSETS | 10,830,414 | 6,637,197 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 27 | 16,000 |
Accounts payable - affiliates | 12,664,070 | 13,107,778 |
Capital contributions payable | 785 | 1,039 |
LIABILITIES | 12,664,882 | 13,124,817 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (1,450,880) | (6,042,833) |
General Partner | (383,588) | (444,787) |
PARTNERS' CAPITAL (DEFICIT) | (1,834,468) | (6,487,620) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 10,830,414 | 6,637,197 |
Series Twenty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (754,767) | (754,767) |
General Partner | 754,767 | 754,767 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (898,231) | (898,231) |
General Partner | 898,231 | 898,231 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (2,448,362) | (2,448,362) |
General Partner | 2,448,362 | 2,448,362 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (224,264) | (224,264) |
General Partner | 224,264 | 224,264 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 173,404 | 173,404 |
General Partner | (173,404) | (173,404) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 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 | 531,027 | 576,004 |
Other assets | 75 | 0 |
ASSETS | 531,102 | 576,004 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 2,199 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,199 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 841,956 | 888,586 |
General Partner | (313,053) | (312,582) |
PARTNERS' CAPITAL (DEFICIT) | 528,903 | 576,004 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 531,102 | 576,004 |
Series Twenty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 133,264 | 133,264 |
General Partner | (133,264) | (133,264) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 275,140 | 275,140 |
General Partner | (275,140) | (275,140) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Twenty Nine [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 164,236 | 157,446 |
Other assets | 2,148 | 0 |
ASSETS | 166,384 | 157,446 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 3,127,627 | 3,105,875 |
Capital contributions payable | 785 | 785 |
LIABILITIES | 3,128,412 | 3,106,660 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (2,593,761) | (2,581,075) |
General Partner | (368,267) | (368,139) |
PARTNERS' CAPITAL (DEFICIT) | (2,962,028) | (2,949,214) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 166,384 | 157,446 |
Series Thirty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (883,119) | (883,119) |
General Partner | 883,119 | 883,119 |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 353,529 | 353,529 |
General Partner | (353,529) | (353,529) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 2,640,414 | 193,203 |
Other assets | 74 | 0 |
ASSETS | 2,640,488 | 193,203 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 4,847 | 83,511 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 4,847 | 83,511 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 3,015,649 | 514,959 |
General Partner | (380,008) | (405,267) |
PARTNERS' CAPITAL (DEFICIT) | 2,635,641 | 109,692 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 2,640,488 | 193,203 |
Series Thirty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 3,040,636 | 561,941 |
Other assets | 74 | 0 |
ASSETS | 3,040,710 | 561,941 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 4,992 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 4,992 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 3,231,141 | 782,102 |
General Partner | (195,423) | (220,161) |
PARTNERS' CAPITAL (DEFICIT) | 3,035,718 | 561,941 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 3,040,710 | 561,941 |
Series Thirty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 129,067 | 148,344 |
Other assets | 74 | 0 |
ASSETS | 129,141 | 148,344 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 2,469,776 | 2,445,674 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,469,776 | 2,445,674 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (2,016,839) | (1,973,967) |
General Partner | (323,796) | (323,363) |
PARTNERS' CAPITAL (DEFICIT) | (2,340,635) | (2,297,330) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 129,141 | 148,344 |
Series Thirty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 223,088 | 223,088 |
General Partner | (223,088) | (223,088) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 148,221 | 148,221 |
General Partner | (148,221) | (148,221) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Seven [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 205,359 | 205,359 |
General Partner | (205,359) | (205,359) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Eight [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 188,889 | 188,889 |
General Partner | (188,889) | (188,889) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Thirty Nine [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 196,043 | 196,043 |
General Partner | (196,043) | (196,043) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Forty [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 0 |
Other assets | 0 | 0 |
ASSETS | 0 | 0 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 216,900 | 216,900 |
General Partner | (216,900) | (216,900) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 0 |
Series Forty One [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 408,743 | 352,239 |
Other assets | 437 | 0 |
ASSETS | 409,180 | 352,239 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 1 | 0 |
Accounts payable - affiliates | 2,690,845 | 2,647,829 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,690,846 | 2,647,829 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (2,009,681) | (2,023,466) |
General Partner | (271,985) | (272,124) |
PARTNERS' CAPITAL (DEFICIT) | (2,281,666) | (2,295,590) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 409,180 | 352,239 |
Series Forty Two [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 2,318,856 | 1,607,893 |
Other assets | 82 | 11,300 |
ASSETS | 2,318,938 | 1,619,193 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 36,736 | 0 |
Capital contributions payable | 0 | 254 |
LIABILITIES | 36,736 | 254 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 2,500,317 | 1,843,687 |
General Partner | (218,115) | (224,748) |
PARTNERS' CAPITAL (DEFICIT) | 2,282,202 | 1,618,939 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 2,318,938 | 1,619,193 |
Series Forty Three [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 0 | 1,416,291 |
Other assets | 0 | 0 |
ASSETS | 0 | 1,416,291 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 0 | 0 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 306,854 | 1,723,649 |
General Partner | (306,854) | (307,358) |
PARTNERS' CAPITAL (DEFICIT) | 0 | 1,416,291 |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 0 | 1,416,291 |
Series Forty Four [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 842,738 | 321,693 |
Other assets | 205 | 0 |
ASSETS | 842,943 | 321,693 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 26 | 4,000 |
Accounts payable - affiliates | 399,489 | 362,671 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 399,515 | 366,671 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | 676,442 | 192,920 |
General Partner | (233,014) | (237,898) |
PARTNERS' CAPITAL (DEFICIT) | 443,428 | (44,978) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 842,943 | 321,693 |
Series Forty Five [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 294,663 | 859,371 |
Other assets | 2,627 | 0 |
ASSETS | 297,290 | 859,371 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 12,000 |
Accounts payable - affiliates | 1,744,673 | 2,351,836 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 1,744,673 | 2,363,836 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (1,079,247) | (1,135,758) |
General Partner | (368,136) | (368,707) |
PARTNERS' CAPITAL (DEFICIT) | (1,447,383) | (1,504,465) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | 297,290 | 859,371 |
Series Forty Six [Member] | ||
ASSETS | ||
INVESTMENTS IN OPERATING PARTNERSHIPS | 0 | 0 |
OTHER ASSETS | ||
Cash and cash equivalents | 449,205 | 427,684 |
Other assets | 5,033 | 3,788 |
ASSETS | 454,238 | 431,472 |
LIABILITIES | ||
Accounts payable, accrued expenses and other liabilities | 0 | 0 |
Accounts payable - affiliates | 2,182,886 | 2,110,382 |
Capital contributions payable | 0 | 0 |
LIABILITIES | 2,182,886 | 2,110,382 |
PARTNERS' CAPITAL (DEFICIT) | ||
Assignor limited partner | 0 | 0 |
Limited partners | (1,448,620) | (1,399,379) |
General Partner | (280,028) | (279,531) |
PARTNERS' CAPITAL (DEFICIT) | (1,728,648) | (1,678,910) |
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | $ 454,238 | $ 431,472 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Mar. 31, 2021 | Mar. 31, 2020 |
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 83,651,080 | 83,651,080 |
Units of limited partnership interest, issued | 83,651,080 | 83,651,080 |
Units of limited partnership interest, outstanding | 82,874,653 | 82,926,053 |
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 |
Assignor Limited Partners Capital Account Units Issued | 3,866,700 | 3,866,700 |
Units of limited partnership interest, issued | 3,866,700 | 3,866,700 |
Units of limited partnership interest, outstanding | 3,828,200 | 3,828,200 |
Series Twenty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 1,892,700 | 1,892,700 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,564,400 | 2,564,400 |
Units of limited partnership interest, issued | 2,564,400 | 2,564,400 |
Units of limited partnership interest, outstanding | 2,550,145 | 2,550,145 |
Series Twenty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 3,336,727 | 3,336,727 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,169,878 | 2,169,878 |
Units of limited partnership interest, issued | 2,169,878 | 2,169,878 |
Units of limited partnership interest, outstanding | 2,150,053 | 2,150,053 |
Series Twenty Five [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 3,026,109 | 3,026,109 |
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 |
Assignor Limited Partners Capital Account Units Issued | 3,995,900 | 3,995,900 |
Units of limited partnership interest, issued | 3,995,900 | 3,995,900 |
Units of limited partnership interest, outstanding | 3,926,374 | 3,929,074 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,460,700 | 2,460,700 |
Units of limited partnership interest, issued | 2,460,700 | 2,460,700 |
Units of limited partnership interest, outstanding | 2,431,350 | 2,431,350 |
Series Twenty Eight [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 4,000,738 | 4,000,738 |
Units of limited partnership interest, issued | 4,000,738 | 4,000,738 |
Units of limited partnership interest, outstanding | 3,979,139 | 3,979,139 |
Series Twenty Nine [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 3,991,800 | 3,991,800 |
Units of limited partnership interest, issued | 3,991,800 | 3,991,800 |
Units of limited partnership interest, outstanding | 3,911,725 | 3,923,225 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,651,000 | 2,651,000 |
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 |
Assignor Limited Partners Capital Account Units Issued | 4,417,857 | 4,417,857 |
Units of limited partnership interest, issued | 4,417,857 | 4,417,857 |
Units of limited partnership interest, outstanding | 4,375,757 | 4,375,757 |
Series Thirty Two [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 4,754,198 | 4,754,198 |
Units of limited partnership interest, issued | 4,754,198 | 4,754,198 |
Units of limited partnership interest, outstanding | 4,706,298 | 4,715,798 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,636,533 | 2,636,533 |
Units of limited partnership interest, issued | 2,636,533 | 2,636,533 |
Units of limited partnership interest, outstanding | 2,605,833 | 2,606,833 |
Series Thirty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 3,529,319 | 3,529,319 |
Units of limited partnership interest, issued | 3,529,319 | 3,529,319 |
Units of limited partnership interest, outstanding | 3,474,319 | 3,477,719 |
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 |
Assignor Limited Partners Capital Account Units Issued | 3,300,463 | 3,300,463 |
Units of limited partnership interest, issued | 3,300,463 | 3,300,463 |
Units of limited partnership interest, outstanding | 3,277,913 | 3,277,913 |
Series Thirty Six [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 2,106,838 | 2,106,838 |
Units of limited partnership interest, issued | 2,106,838 | 2,106,838 |
Units of limited partnership interest, outstanding | 2,083,704 | 2,083,704 |
Series Thirty Seven [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 2,512,500 | 2,512,500 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,543,100 | 2,543,100 |
Units of limited partnership interest, issued | 2,543,100 | 2,543,100 |
Units of limited partnership interest, outstanding | 2,536,200 | 2,536,200 |
Series Thirty Nine [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 2,292,151 | 2,292,151 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,630,256 | 2,630,256 |
Units of limited partnership interest, issued | 2,630,256 | 2,630,256 |
Units of limited partnership interest, outstanding | 2,611,356 | 2,611,356 |
Series Forty One [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 2,891,626 | 2,891,626 |
Units of limited partnership interest, issued | 2,891,626 | 2,891,626 |
Units of limited partnership interest, outstanding | 2,865,176 | 2,867,676 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,744,262 | 2,744,262 |
Units of limited partnership interest, issued | 2,744,262 | 2,744,262 |
Units of limited partnership interest, outstanding | 2,706,362 | 2,716,362 |
Series Forty Three [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 3,637,987 | 3,637,987 |
Units of limited partnership interest, issued | 3,637,987 | 3,637,987 |
Units of limited partnership interest, outstanding | 3,617,987 | 3,617,987 |
Series Forty Four [Member] | ||
Beneficial assignee certificate, par value (in dollars per share) | $ 10 | $ 10 |
Units of limited partnership interest, authorized | 101,500,000 | 101,500,000 |
Assignor Limited Partners Capital Account Units Issued | 2,701,973 | 2,701,973 |
Units of limited partnership interest, issued | 2,701,973 | 2,701,973 |
Units of limited partnership interest, outstanding | 2,682,873 | 2,687,173 |
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 |
Assignor Limited Partners Capital Account Units Issued | 4,014,367 | 4,014,367 |
Units of limited partnership interest, issued | 4,014,367 | 4,014,367 |
Units of limited partnership interest, outstanding | 3,989,967 | 3,996,467 |
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 |
Assignor Limited Partners Capital Account Units Issued | 2,980,998 | 2,980,998 |
Units of limited partnership interest, issued | 2,980,998 | 2,980,998 |
Units of limited partnership interest, outstanding | 2,965,635 | 2,965,635 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Income | ||
Interest income | $ 11,508 | $ 265,252 |
Miscellaneous | 310,118 | 306,779 |
Revenues | 321,626 | 572,031 |
Gain on sale of operating limited partnerships | 7,094,752 | 15,973,739 |
Expenses | ||
Fund management fee | 648,148 | 1,102,092 |
General and administrative expenses | 286,580 | 795,878 |
Professional fees | 361,835 | 377,163 |
Operating expenses | 1,296,563 | 2,275,133 |
NET INCOME (LOSS) | 6,119,815 | 14,270,637 |
Net income (loss) allocated to general partner | 61,199 | 142,706 |
Net income (loss) allocated to limited partners | $ 6,058,616 | $ 14,127,931 |
Net income (loss) per BAC | $ 0.07 | $ 0.17 |
Series Twenty [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty One [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Two [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Three [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Four [Member] | ||
Income | ||
Interest income | $ 0 | $ 2,719 |
Miscellaneous | 0 | 1,680 |
Revenues | 0 | 4,399 |
Gain on sale of operating limited partnerships | 0 | 278,516 |
Expenses | ||
Fund management fee | 0 | 26,041 |
General and administrative expenses | 0 | 58,465 |
Professional fees | 0 | 15,614 |
Operating expenses | 0 | 100,120 |
NET INCOME (LOSS) | 0 | 182,795 |
Net income (loss) allocated to general partner | 0 | 1,828 |
Net income (loss) allocated to limited partners | $ 0 | $ 180,967 |
Net income (loss) per BAC | $ 0 | $ 0.08 |
Series Twenty Five [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Twenty Six [Member] | ||
Income | ||
Interest income | $ 1,068 | $ 6,567 |
Miscellaneous | 0 | 420 |
Revenues | 1,068 | 6,987 |
Gain on sale of operating limited partnerships | 18,800 | 109,433 |
Expenses | ||
Fund management fee | 15,044 | 44,474 |
General and administrative expenses | 23,831 | 31,347 |
Professional fees | 28,094 | 19,034 |
Operating expenses | 66,969 | 94,855 |
NET INCOME (LOSS) | (47,101) | 21,565 |
Net income (loss) allocated to general partner | (471) | 216 |
Net income (loss) allocated to limited partners | $ (46,630) | $ 21,349 |
Net income (loss) per BAC | $ (0.01) | $ 0.01 |
Series Twenty Seven [Member] | ||
Income | ||
Interest income | $ 0 | $ 54,890 |
Miscellaneous | 0 | 15,472 |
Revenues | 0 | 70,362 |
Gain on sale of operating limited partnerships | 0 | 856,766 |
Expenses | ||
Fund management fee | 0 | 14,620 |
General and administrative expenses | 0 | 80,756 |
Professional fees | 0 | 13,626 |
Operating expenses | 0 | 109,002 |
NET INCOME (LOSS) | 0 | 818,126 |
Net income (loss) allocated to general partner | 0 | 8,181 |
Net income (loss) allocated to limited partners | $ 0 | $ 809,945 |
Net income (loss) per BAC | $ 0 | $ 0.33 |
Series Twenty Eight [Member] | ||
Income | ||
Interest income | $ 0 | $ 4,896 |
Miscellaneous | 0 | 446 |
Revenues | 0 | 5,342 |
Gain on sale of operating limited partnerships | 0 | 73,248 |
Expenses | ||
Fund management fee | 0 | 18,112 |
General and administrative expenses | 0 | 66,024 |
Professional fees | 0 | 15,367 |
Operating expenses | 0 | 99,503 |
NET INCOME (LOSS) | 0 | (20,913) |
Net income (loss) allocated to general partner | 0 | (209) |
Net income (loss) allocated to limited partners | $ 0 | $ (20,704) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Twenty Nine [Member] | ||
Income | ||
Interest income | $ 319 | $ 2,933 |
Miscellaneous | 9,000 | 0 |
Revenues | 9,319 | 2,933 |
Gain on sale of operating limited partnerships | 44,500 | 0 |
Expenses | ||
Fund management fee | 21,752 | 24,474 |
General and administrative expenses | 22,100 | 28,485 |
Professional fees | 22,781 | 18,512 |
Operating expenses | 66,633 | 71,471 |
NET INCOME (LOSS) | (12,814) | (68,538) |
Net income (loss) allocated to general partner | (128) | (685) |
Net income (loss) allocated to limited partners | $ (12,686) | $ (67,853) |
Net income (loss) per BAC | $ 0 | $ (0.02) |
Series Thirty [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty One [Member] | ||
Income | ||
Interest income | $ 0 | $ 18,039 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 18,039 |
Gain on sale of operating limited partnerships | 0 | 619,800 |
Expenses | ||
Fund management fee | 0 | (66,518) |
General and administrative expenses | 0 | 63,777 |
Professional fees | 0 | 21,208 |
Operating expenses | 0 | 18,467 |
NET INCOME (LOSS) | 0 | 619,372 |
Net income (loss) allocated to general partner | 0 | 6,194 |
Net income (loss) allocated to limited partners | $ 0 | $ 613,178 |
Net income (loss) per BAC | $ 0 | $ 0.14 |
Series Thirty Two [Member] | ||
Income | ||
Interest income | $ 781 | $ 4,160 |
Miscellaneous | 40,978 | 4,320 |
Revenues | 41,759 | 8,480 |
Gain on sale of operating limited partnerships | 2,571,228 | 159,553 |
Expenses | ||
Fund management fee | 36,727 | 61,518 |
General and administrative expenses | 23,678 | 30,921 |
Professional fees | 26,633 | 18,374 |
Operating expenses | 87,038 | 110,813 |
NET INCOME (LOSS) | 2,525,949 | 57,220 |
Net income (loss) allocated to general partner | 25,259 | 572 |
Net income (loss) allocated to limited partners | $ 2,500,690 | $ 56,648 |
Net income (loss) per BAC | $ 0.53 | $ 0.01 |
Series Thirty Three [Member] | ||
Income | ||
Interest income | $ 1,319 | $ 5,737 |
Miscellaneous | 40,978 | 14,427 |
Revenues | 42,297 | 20,164 |
Gain on sale of operating limited partnerships | 2,492,020 | 1,469,594 |
Expenses | ||
Fund management fee | 20,807 | 25,268 |
General and administrative expenses | 18,583 | 22,843 |
Professional fees | 21,150 | 17,031 |
Operating expenses | 60,540 | 65,142 |
NET INCOME (LOSS) | 2,473,777 | 1,424,616 |
Net income (loss) allocated to general partner | 24,738 | 14,246 |
Net income (loss) allocated to limited partners | $ 2,449,039 | $ 1,410,370 |
Net income (loss) per BAC | $ 0.94 | $ 0.54 |
Series Thirty Four [Member] | ||
Income | ||
Interest income | $ 341 | $ 4,656 |
Miscellaneous | 2,000 | 2,100 |
Revenues | 2,341 | 6,756 |
Gain on sale of operating limited partnerships | 20,800 | 284,500 |
Expenses | ||
Fund management fee | 19,902 | 37,344 |
General and administrative expenses | 20,834 | 24,773 |
Professional fees | 25,710 | 14,924 |
Operating expenses | 66,446 | 77,041 |
NET INCOME (LOSS) | (43,305) | 214,215 |
Net income (loss) allocated to general partner | (433) | 2,142 |
Net income (loss) allocated to limited partners | $ (42,872) | $ 212,073 |
Net income (loss) per BAC | $ (0.01) | $ 0.06 |
Series Thirty Five [Member] | ||
Income | ||
Interest income | $ 0 | $ 34,037 |
Miscellaneous | 0 | 5,963 |
Revenues | 0 | 40,000 |
Gain on sale of operating limited partnerships | 0 | 1,555,642 |
Expenses | ||
Fund management fee | 0 | 25,535 |
General and administrative expenses | 0 | 58,889 |
Professional fees | 0 | 13,305 |
Operating expenses | 0 | 97,729 |
NET INCOME (LOSS) | 0 | 1,497,913 |
Net income (loss) allocated to general partner | 0 | 14,979 |
Net income (loss) allocated to limited partners | $ 0 | $ 1,482,934 |
Net income (loss) per BAC | $ 0 | $ 0.45 |
Series Thirty Six [Member] | ||
Income | ||
Interest income | $ 0 | $ 26,478 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 26,478 |
Gain on sale of operating limited partnerships | 0 | 581,982 |
Expenses | ||
Fund management fee | 0 | 10,650 |
General and administrative expenses | 0 | 56,198 |
Professional fees | 0 | 13,973 |
Operating expenses | 0 | 80,821 |
NET INCOME (LOSS) | 0 | 527,639 |
Net income (loss) allocated to general partner | 0 | 5,276 |
Net income (loss) allocated to limited partners | $ 0 | $ 522,363 |
Net income (loss) per BAC | $ 0 | $ 0.25 |
Series Thirty Seven [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Thirty Eight [Member] | ||
Income | ||
Interest income | $ 0 | $ 19,192 |
Miscellaneous | 0 | 5,700 |
Revenues | 0 | 24,892 |
Gain on sale of operating limited partnerships | 0 | 1,506,757 |
Expenses | ||
Fund management fee | 0 | 19,065 |
General and administrative expenses | 0 | 57,561 |
Professional fees | 0 | 14,670 |
Operating expenses | 0 | 91,296 |
NET INCOME (LOSS) | 0 | 1,440,353 |
Net income (loss) allocated to general partner | 0 | 14,404 |
Net income (loss) allocated to limited partners | $ 0 | $ 1,425,949 |
Net income (loss) per BAC | $ 0 | $ 0.56 |
Series Thirty Nine [Member] | ||
Income | ||
Interest income | $ 0 | $ 0 |
Miscellaneous | 0 | 0 |
Revenues | 0 | 0 |
Gain on sale of operating limited partnerships | 0 | 0 |
Expenses | ||
Fund management fee | 0 | 0 |
General and administrative expenses | 0 | 0 |
Professional fees | 0 | 0 |
Operating expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to general partner | 0 | 0 |
Net income (loss) allocated to limited partners | $ 0 | $ 0 |
Net income (loss) per BAC | $ 0 | $ 0 |
Series Forty [Member] | ||
Income | ||
Interest income | $ 0 | $ 3,050 |
Miscellaneous | 0 | 6,639 |
Revenues | 0 | 9,689 |
Gain on sale of operating limited partnerships | 0 | 2,962,474 |
Expenses | ||
Fund management fee | 0 | 44,930 |
General and administrative expenses | 0 | 62,999 |
Professional fees | 0 | 19,462 |
Operating expenses | 0 | 127,391 |
NET INCOME (LOSS) | 0 | 2,844,772 |
Net income (loss) allocated to general partner | 0 | 28,448 |
Net income (loss) allocated to limited partners | $ 0 | $ 2,816,324 |
Net income (loss) per BAC | $ 0 | $ 1.08 |
Series Forty One [Member] | ||
Income | ||
Interest income | $ 670 | $ 4,178 |
Miscellaneous | 53,142 | 90,119 |
Revenues | 53,812 | 94,297 |
Gain on sale of operating limited partnerships | 98,100 | 28,040 |
Expenses | ||
Fund management fee | 89,434 | 104,865 |
General and administrative expenses | 20,401 | 24,048 |
Professional fees | 28,153 | 21,619 |
Operating expenses | 137,988 | 150,532 |
NET INCOME (LOSS) | 13,924 | (28,195) |
Net income (loss) allocated to general partner | 139 | (282) |
Net income (loss) allocated to limited partners | $ 13,785 | $ (27,913) |
Net income (loss) per BAC | $ 0 | $ (0.01) |
Series Forty Two [Member] | ||
Income | ||
Interest income | $ 2,319 | $ 19,135 |
Miscellaneous | 39,314 | 28,068 |
Revenues | 41,633 | 47,203 |
Gain on sale of operating limited partnerships | 722,454 | 401,094 |
Expenses | ||
Fund management fee | 52,866 | 88,768 |
General and administrative expenses | 18,481 | 22,965 |
Professional fees | 29,477 | 29,154 |
Operating expenses | 100,824 | 140,887 |
NET INCOME (LOSS) | 663,263 | 307,410 |
Net income (loss) allocated to general partner | 6,633 | 3,074 |
Net income (loss) allocated to limited partners | $ 656,630 | $ 304,336 |
Net income (loss) per BAC | $ 0.24 | $ 0.11 |
Series Forty Three [Member] | ||
Income | ||
Interest income | $ 2,174 | $ 18,852 |
Miscellaneous | 1,542 | 13,834 |
Revenues | 3,716 | 32,686 |
Gain on sale of operating limited partnerships | 186,635 | 1,277,506 |
Expenses | ||
Fund management fee | 32,238 | 86,976 |
General and administrative expenses | 73,901 | 26,475 |
Professional fees | 33,840 | 26,731 |
Operating expenses | 139,979 | 140,182 |
NET INCOME (LOSS) | 50,372 | 1,170,010 |
Net income (loss) allocated to general partner | 504 | 11,700 |
Net income (loss) allocated to limited partners | $ 49,868 | $ 1,158,310 |
Net income (loss) per BAC | $ 0.01 | $ 0.32 |
Series Forty Four [Member] | ||
Income | ||
Interest income | $ 662 | $ 17,407 |
Miscellaneous | 11,803 | 13,844 |
Revenues | 12,465 | 31,251 |
Gain on sale of operating limited partnerships | 612,172 | 3,092,325 |
Expenses | ||
Fund management fee | 90,353 | 164,570 |
General and administrative expenses | 19,325 | 22,671 |
Professional fees | 26,553 | 17,508 |
Operating expenses | 136,231 | 204,749 |
NET INCOME (LOSS) | 488,406 | 2,918,827 |
Net income (loss) allocated to general partner | 4,884 | 29,188 |
Net income (loss) allocated to limited partners | $ 483,522 | $ 2,889,639 |
Net income (loss) per BAC | $ 0.18 | $ 1.08 |
Series Forty Five [Member] | ||
Income | ||
Interest income | $ 667 | $ 12,705 |
Miscellaneous | 48,721 | 42,743 |
Revenues | 49,388 | 55,448 |
Gain on sale of operating limited partnerships | 214,717 | 673,509 |
Expenses | ||
Fund management fee | 97,873 | 209,608 |
General and administrative expenses | 23,715 | 31,455 |
Professional fees | 85,435 | 41,757 |
Operating expenses | 207,023 | 282,820 |
NET INCOME (LOSS) | 57,082 | 446,137 |
Net income (loss) allocated to general partner | 571 | 4,461 |
Net income (loss) allocated to limited partners | $ 56,511 | $ 441,676 |
Net income (loss) per BAC | $ 0.01 | $ 0.11 |
Series Forty Six [Member] | ||
Income | ||
Interest income | $ 1,188 | $ 5,621 |
Miscellaneous | 62,640 | 61,004 |
Revenues | 63,828 | 66,625 |
Gain on sale of operating limited partnerships | 113,326 | 43,000 |
Expenses | ||
Fund management fee | 171,152 | 161,792 |
General and administrative expenses | 21,731 | 25,226 |
Professional fees | 34,009 | 25,294 |
Operating expenses | 226,892 | 212,312 |
NET INCOME (LOSS) | (49,738) | (102,687) |
Net income (loss) allocated to general partner | (497) | (1,027) |
Net income (loss) allocated to limited partners | $ (49,241) | $ (101,660) |
Net income (loss) per BAC | $ (0.02) | $ (0.03) |
STATEMENTS OF CHANGES IN PARTNE
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT) - USD ($) | Series Twenty [Member]General Partner [Member] | Series Twenty [Member]Limited Partners [Member] | Series Twenty [Member] | Series Twenty One [Member]General Partner [Member] | Series Twenty One [Member]Limited Partners [Member] | Series Twenty One [Member] | Series Twenty Two [Member]General Partner [Member] | Series Twenty Two [Member]Limited Partners [Member] | Series Twenty Two [Member] | Series Twenty Three [Member]General Partner [Member] | Series Twenty Three [Member]Limited Partners [Member] | Series Twenty Three [Member] | Series Twenty Four [Member]General Partner [Member] | Series Twenty Four [Member]Limited Partners [Member] | Series Twenty Four [Member] | Series Twenty Five [Member]General Partner [Member] | Series Twenty Five [Member]Limited Partners [Member] | Series Twenty Five [Member] | Series Twenty Six [Member]General Partner [Member] | Series Twenty Six [Member]Limited Partners [Member] | Series Twenty Six [Member] | Series Twenty Seven [Member]General Partner [Member] | Series Twenty Seven [Member]Limited Partners [Member] | Series Twenty Seven [Member] | Series Twenty Eight [Member]General Partner [Member] | Series Twenty Eight [Member]Limited Partners [Member] | Series Twenty Eight [Member] | Series Twenty Nine [Member]General Partner [Member] | Series Twenty Nine [Member]Limited Partners [Member] | Series Twenty Nine [Member] | Series Thirty [Member]General Partner [Member] | Series Thirty [Member]Limited Partners [Member] | Series Thirty [Member] | Series Thirty One [Member]General Partner [Member] | Series Thirty One [Member]Limited Partners [Member] | Series Thirty One [Member] | Series Thirty Two [Member]General Partner [Member] | Series Thirty Two [Member]Limited Partners [Member] | Series Thirty Two [Member] | Series Thirty Three [Member]General Partner [Member] | Series Thirty Three [Member]Limited Partners [Member] | Series Thirty Three [Member] | Series Thirty Four [Member]General Partner [Member] | Series Thirty Four [Member]Limited Partners [Member] | Series Thirty Four [Member] | Series Thirty Five [Member]General Partner [Member] | Series Thirty Five [Member]Limited Partners [Member] | Series Thirty Five [Member] | Series Thirty Six [Member]General Partner [Member] | Series Thirty Six [Member]Limited Partners [Member] | Series Thirty Six [Member] | Series Thirty Seven [Member]General Partner [Member] | Series Thirty Seven [Member]Limited Partners [Member] | Series Thirty Seven [Member] | Series Thirty Eight [Member]General Partner [Member] | Series Thirty Eight [Member]Limited Partners [Member] | Series Thirty Eight [Member] | Series Thirty Nine [Member]General Partner [Member] | Series Thirty Nine [Member]Limited Partners [Member] | Series Thirty Nine [Member] | Series Forty [Member]General Partner [Member] | Series Forty [Member]Limited Partners [Member] | Series Forty [Member] | Series Forty One [Member]General Partner [Member] | Series Forty One [Member]Limited Partners [Member] | Series Forty One [Member] | Series Forty Two [Member]General Partner [Member] | Series Forty Two [Member]Limited Partners [Member] | Series Forty Two [Member] | Series Forty Three [Member]General Partner [Member] | Series Forty Three [Member]Limited Partners [Member] | Series Forty Three [Member] | Series Forty Four [Member]General Partner [Member] | Series Forty Four [Member]Limited Partners [Member] | Series Forty Four [Member] | Series Forty Five [Member]General Partner [Member] | Series Forty Five [Member]Limited Partners [Member] | Series Forty Five [Member] | Series Forty Six [Member]General Partner [Member] | Series Forty Six [Member]Limited Partners [Member] | Series Forty Six [Member] | General Partner [Member] | Limited Partners [Member] | Total |
Partners' capital (deficit), Beginning balance at Mar. 31, 2019 | $ 754,767 | $ (754,767) | $ 0 | $ 898,231 | $ (898,231) | $ 0 | $ 2,448,362 | $ (2,448,362) | $ 0 | $ 224,264 | $ (224,264) | $ 0 | $ (175,232) | $ 577,250 | $ 402,018 | $ (219,815) | $ 219,815 | $ 0 | $ (312,798) | $ 867,237 | $ 554,439 | $ (141,445) | $ 6,641,679 | $ 6,500,234 | $ (274,931) | $ 965,536 | $ 690,605 | $ (367,454) | $ (2,513,222) | $ (2,880,676) | $ 883,119 | $ (883,119) | $ 0 | $ (359,723) | $ 2,313,293 | $ 1,953,570 | $ (405,839) | $ 458,311 | $ 52,472 | $ (234,407) | $ (628,268) | $ (862,675) | $ (325,505) | $ (2,186,040) | $ (2,511,545) | $ (238,067) | $ 4,633,841 | $ 4,395,774 | $ (153,497) | $ 2,670,150 | $ 2,516,653 | $ (205,359) | $ 205,359 | $ 0 | $ (203,293) | $ 1,702,399 | $ 1,499,106 | $ (196,043) | $ 196,043 | $ 0 | $ (245,348) | $ (1,795,123) | $ (2,040,471) | $ (271,842) | $ (1,995,553) | $ (2,267,395) | $ (227,822) | $ 1,539,351 | $ 1,311,529 | $ (319,058) | $ 565,339 | $ 246,281 | $ (267,086) | $ (2,696,719) | $ (2,963,805) | $ (373,168) | $ (1,577,434) | $ (1,950,602) | $ (278,504) | $ (1,297,719) | $ (1,576,223) | $ (587,493) | $ 3,656,782 | $ 3,069,289 |
Distributions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (584,813) | (584,813) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (7,318,360) | (7,318,360) | 0 | (669,692) | (669,692) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2,572,942) | (2,572,942) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5,893,687) | (5,893,687) | 0 | (3,044,292) | (3,044,292) | 0 | 0 | 0 | 0 | (2,939,459) | (2,939,459) | 0 | 0 | 0 | 0 | (804,301) | (804,301) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (23,827,546) | (23,827,546) |
Net income (loss) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,828 | 180,967 | 182,795 | 0 | 0 | 0 | 216 | 21,349 | 21,565 | 8,181 | 809,945 | 818,126 | (209) | (20,704) | (20,913) | (685) | (67,853) | (68,538) | 0 | 0 | 0 | 6,194 | 613,178 | 619,372 | 572 | 56,648 | 57,220 | 14,246 | 1,410,370 | 1,424,616 | 2,142 | 212,073 | 214,215 | 14,979 | 1,482,934 | 1,497,913 | 5,276 | 522,363 | 527,639 | 0 | 0 | 0 | 14,404 | 1,425,949 | 1,440,353 | 0 | 0 | 0 | 28,448 | 2,816,324 | 2,844,772 | (282) | (27,913) | (28,195) | 3,074 | 304,336 | 307,410 | 11,700 | 1,158,310 | 1,170,010 | 29,188 | 2,889,639 | 2,918,827 | 4,461 | 441,676 | 446,137 | (1,027) | (101,660) | (102,687) | 142,706 | 14,127,931 | 14,270,637 |
Partners' capital (deficit), Ending balance at Mar. 31, 2020 | 754,767 | (754,767) | 0 | 898,231 | (898,231) | 0 | 2,448,362 | (2,448,362) | 0 | 224,264 | (224,264) | 0 | (173,404) | 173,404 | 0 | (219,815) | 219,815 | 0 | (312,582) | 888,586 | 576,004 | (133,264) | 133,264 | 0 | (275,140) | 275,140 | 0 | (368,139) | (2,581,075) | (2,949,214) | 883,119 | (883,119) | 0 | (353,529) | 353,529 | 0 | (405,267) | 514,959 | 109,692 | (220,161) | 782,102 | 561,941 | (323,363) | (1,973,967) | (2,297,330) | (223,088) | 223,088 | 0 | (148,221) | 148,221 | 0 | (205,359) | 205,359 | 0 | (188,889) | 188,889 | 0 | (196,043) | 196,043 | 0 | (216,900) | 216,900 | 0 | (272,124) | (2,023,466) | (2,295,590) | (224,748) | 1,843,687 | 1,618,939 | (307,358) | 1,723,649 | 1,416,291 | (237,898) | 192,920 | (44,978) | (368,707) | (1,135,758) | (1,504,465) | (279,531) | (1,399,379) | (1,678,910) | (444,787) | (6,042,833) | (6,487,620) |
Distributions | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1,466,663) | (1,466,663) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1,466,663) | (1,466,663) |
Net income (loss) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (471) | (46,630) | (47,101) | 0 | 0 | 0 | 0 | 0 | 0 | (128) | (12,686) | (12,814) | 0 | 0 | 0 | 0 | 0 | 0 | 25,259 | 2,500,690 | 2,525,949 | 24,738 | 2,449,039 | 2,473,777 | (433) | (42,872) | (43,305) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 139 | 13,785 | 13,924 | 6,633 | 656,630 | 663,263 | 504 | 49,868 | 50,372 | 4,884 | 483,522 | 488,406 | 571 | 56,511 | 57,082 | (497) | (49,241) | (49,738) | 61,199 | 6,058,616 | 6,119,815 |
Partners' capital (deficit), Ending balance at Mar. 31, 2021 | $ 754,767 | $ (754,767) | $ 0 | $ 898,231 | $ (898,231) | $ 0 | $ 2,448,362 | $ (2,448,362) | $ 0 | $ 224,264 | $ (224,264) | $ 0 | $ (173,404) | $ 173,404 | $ 0 | $ (219,815) | $ 219,815 | $ 0 | $ (313,053) | $ 841,956 | $ 528,903 | $ (133,264) | $ 133,264 | $ 0 | $ (275,140) | $ 275,140 | $ 0 | $ (368,267) | $ (2,593,761) | $ (2,962,028) | $ 883,119 | $ (883,119) | $ 0 | $ (353,529) | $ 353,529 | $ 0 | $ (380,008) | $ 3,015,649 | $ 2,635,641 | $ (195,423) | $ 3,231,141 | $ 3,035,718 | $ (323,796) | $ (2,016,839) | $ (2,340,635) | $ (223,088) | $ 223,088 | $ 0 | $ (148,221) | $ 148,221 | $ 0 | $ (205,359) | $ 205,359 | $ 0 | $ (188,889) | $ 188,889 | $ 0 | $ (196,043) | $ 196,043 | $ 0 | $ (216,900) | $ 216,900 | $ 0 | $ (271,985) | $ (2,009,681) | $ (2,281,666) | $ (218,115) | $ 2,500,317 | $ 2,282,202 | $ (306,854) | $ 306,854 | $ 0 | $ (233,014) | $ 676,442 | $ 443,428 | $ (368,136) | $ (1,079,247) | $ (1,447,383) | $ (280,028) | $ (1,448,620) | $ (1,728,648) | $ (383,588) | $ (1,450,880) | $ (1,834,468) |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Cash flows from operating activities | ||
Net income (loss) | $ 6,119,815 | $ 14,270,637 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (7,094,752) | (15,973,739) |
Changes in assets and liabilities | ||
Other assets | 4,259 | 0 |
Accounts payable and accrued expenses | (15,973) | (534,316) |
Accounts payable - affiliates | (443,708) | (6,195,140) |
Net cash provided by (used in) operating activities | (1,430,359) | (8,432,558) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 7,094,498 | 15,955,684 |
Net cash provided by investing activities | 7,094,498 | 15,955,684 |
Cash flows from financing activities | ||
Distributions | (1,466,663) | (23,827,546) |
Net cash used in financing activities | (1,466,663) | (23,827,546) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 4,197,476 | (16,304,420) |
Cash and cash equivalents, beginning | 6,622,109 | 22,926,529 |
Cash and cash equivalents, ending | 10,819,585 | 6,622,109 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 25,000 |
Series Twenty [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty One [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Two [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Three [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Four [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 182,795 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (278,516) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | (95,721) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 278,516 |
Net cash provided by investing activities | 0 | 278,516 |
Cash flows from financing activities | ||
Distributions | 0 | (584,813) |
Net cash used in financing activities | 0 | (584,813) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (402,018) |
Cash and cash equivalents, beginning | 0 | 402,018 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Five [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Six [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | (47,101) | 21,565 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (18,800) | (109,433) |
Changes in assets and liabilities | ||
Other assets | (75) | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 2,199 | 0 |
Net cash provided by (used in) operating activities | (63,777) | (87,868) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 18,800 | 109,433 |
Net cash provided by investing activities | 18,800 | 109,433 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (44,977) | 21,565 |
Cash and cash equivalents, beginning | 576,004 | 554,439 |
Cash and cash equivalents, ending | 531,027 | 576,004 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Seven [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 818,126 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (856,766) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | (38,640) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 856,766 |
Net cash provided by investing activities | 0 | 856,766 |
Cash flows from financing activities | ||
Distributions | 0 | (7,318,360) |
Net cash used in financing activities | 0 | (7,318,360) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (6,500,234) |
Cash and cash equivalents, beginning | 0 | 6,500,234 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Eight [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | (20,913) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (73,248) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | (94,161) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 73,248 |
Net cash provided by investing activities | 0 | 73,248 |
Cash flows from financing activities | ||
Distributions | 0 | (669,692) |
Net cash used in financing activities | 0 | (669,692) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (690,605) |
Cash and cash equivalents, beginning | 0 | 690,605 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Twenty Nine [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | (12,814) | (68,538) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (44,500) | 0 |
Changes in assets and liabilities | ||
Other assets | (2,148) | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 21,752 | 29,040 |
Net cash provided by (used in) operating activities | (37,710) | (39,498) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 44,500 | 0 |
Net cash provided by investing activities | 44,500 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 6,790 | (39,498) |
Cash and cash equivalents, beginning | 157,446 | 196,944 |
Cash and cash equivalents, ending | 164,236 | 157,446 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty One [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 619,372 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (619,800) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | (428) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 619,800 |
Net cash provided by investing activities | 0 | 619,800 |
Cash flows from financing activities | ||
Distributions | 0 | (2,572,942) |
Net cash used in financing activities | 0 | (2,572,942) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (1,953,570) |
Cash and cash equivalents, beginning | 0 | 1,953,570 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 25,000 |
Series Thirty Two [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 2,525,949 | 57,220 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (2,571,228) | (159,553) |
Changes in assets and liabilities | ||
Other assets | (74) | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | (78,664) | (135,014) |
Net cash provided by (used in) operating activities | (124,017) | (237,347) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 2,571,228 | 158,324 |
Net cash provided by investing activities | 2,571,228 | 158,324 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 2,447,211 | (79,023) |
Cash and cash equivalents, beginning | 193,203 | 272,226 |
Cash and cash equivalents, ending | 2,640,414 | 193,203 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty Three [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 2,473,777 | 1,424,616 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (2,492,020) | (1,469,594) |
Changes in assets and liabilities | ||
Other assets | (74) | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 4,992 | (1,099,287) |
Net cash provided by (used in) operating activities | (13,325) | (1,144,265) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 2,492,020 | 1,469,594 |
Net cash provided by investing activities | 2,492,020 | 1,469,594 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 2,478,695 | 325,329 |
Cash and cash equivalents, beginning | 561,941 | 236,612 |
Cash and cash equivalents, ending | 3,040,636 | 561,941 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty Four [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | (43,305) | 214,215 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (20,800) | (284,500) |
Changes in assets and liabilities | ||
Other assets | (74) | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 24,102 | (244,156) |
Net cash provided by (used in) operating activities | (40,077) | (314,441) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 20,800 | 284,500 |
Net cash provided by investing activities | 20,800 | 284,500 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (19,277) | (29,941) |
Cash and cash equivalents, beginning | 148,344 | 178,285 |
Cash and cash equivalents, ending | 129,067 | 148,344 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty Five [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 1,497,913 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (1,555,642) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | (57,729) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 1,555,642 |
Net cash provided by investing activities | 0 | 1,555,642 |
Cash flows from financing activities | ||
Distributions | 0 | (5,893,687) |
Net cash used in financing activities | 0 | (5,893,687) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (4,395,774) |
Cash and cash equivalents, beginning | 0 | 4,395,774 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty Six [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 527,639 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (581,982) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | (24,706) |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | (79,049) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 581,982 |
Net cash provided by investing activities | 0 | 581,982 |
Cash flows from financing activities | ||
Distributions | 0 | (3,044,292) |
Net cash used in financing activities | 0 | (3,044,292) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (2,541,359) |
Cash and cash equivalents, beginning | 0 | 2,541,359 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty Seven [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty Eight [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 1,440,353 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (1,506,757) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | (66,404) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 1,506,757 |
Net cash provided by investing activities | 0 | 1,506,757 |
Cash flows from financing activities | ||
Distributions | 0 | (2,939,459) |
Net cash used in financing activities | 0 | (2,939,459) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (1,499,106) |
Cash and cash equivalents, beginning | 0 | 1,499,106 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Thirty Nine [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | 0 |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 0 |
Net cash provided by investing activities | 0 | 0 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
Cash and cash equivalents, beginning | 0 | 0 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Forty [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 0 | 2,844,772 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | 0 | (2,962,474) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | (9,500) |
Accounts payable - affiliates | 0 | (2,224,213) |
Net cash provided by (used in) operating activities | 0 | (2,351,415) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 0 | 2,962,372 |
Net cash provided by investing activities | 0 | 2,962,372 |
Cash flows from financing activities | ||
Distributions | 0 | (804,301) |
Net cash used in financing activities | 0 | (804,301) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | (193,344) |
Cash and cash equivalents, beginning | 0 | 193,344 |
Cash and cash equivalents, ending | 0 | 0 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Forty One [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 13,924 | (28,195) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (98,100) | (28,040) |
Changes in assets and liabilities | ||
Other assets | (437) | 0 |
Accounts payable and accrued expenses | 1 | 0 |
Accounts payable - affiliates | 43,016 | 134,220 |
Net cash provided by (used in) operating activities | (41,596) | 77,985 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 98,100 | 28,040 |
Net cash provided by investing activities | 98,100 | 28,040 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 56,504 | 106,025 |
Cash and cash equivalents, beginning | 352,239 | 246,214 |
Cash and cash equivalents, ending | 408,743 | 352,239 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Forty Two [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 663,263 | 307,410 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (722,454) | (401,094) |
Changes in assets and liabilities | ||
Other assets | 11,218 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 36,736 | 0 |
Net cash provided by (used in) operating activities | (11,237) | (93,684) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 722,200 | 401,094 |
Net cash provided by investing activities | 722,200 | 401,094 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 710,963 | 307,410 |
Cash and cash equivalents, beginning | 1,607,893 | 1,300,483 |
Cash and cash equivalents, ending | 2,318,856 | 1,607,893 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Forty Three [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 50,372 | 1,170,010 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (186,635) | (1,277,506) |
Changes in assets and liabilities | ||
Other assets | 0 | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 0 | (168,259) |
Net cash provided by (used in) operating activities | (136,263) | (275,755) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 186,635 | 1,277,506 |
Net cash provided by investing activities | 186,635 | 1,277,506 |
Cash flows from financing activities | ||
Distributions | (1,466,663) | 0 |
Net cash used in financing activities | (1,466,663) | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1,416,291) | 1,001,751 |
Cash and cash equivalents, beginning | 1,416,291 | 414,540 |
Cash and cash equivalents, ending | 0 | 1,416,291 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Forty Four [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 488,406 | 2,918,827 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (612,172) | (3,092,325) |
Changes in assets and liabilities | ||
Other assets | (205) | 0 |
Accounts payable and accrued expenses | (3,974) | 4,000 |
Accounts payable - affiliates | 36,818 | (2,714,154) |
Net cash provided by (used in) operating activities | (91,127) | (2,883,652) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 612,172 | 3,092,325 |
Net cash provided by investing activities | 612,172 | 3,092,325 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 521,045 | 208,673 |
Cash and cash equivalents, beginning | 321,693 | 113,020 |
Cash and cash equivalents, ending | 842,738 | 321,693 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Forty Five [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | 57,082 | 446,137 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (214,717) | (673,509) |
Changes in assets and liabilities | ||
Other assets | (2,627) | 0 |
Accounts payable and accrued expenses | (12,000) | (504,110) |
Accounts payable - affiliates | (607,163) | 17,487 |
Net cash provided by (used in) operating activities | (779,425) | (713,995) |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 214,717 | 656,785 |
Net cash provided by investing activities | 214,717 | 656,785 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (564,708) | (57,210) |
Cash and cash equivalents, beginning | 859,371 | 916,581 |
Cash and cash equivalents, ending | 294,663 | 859,371 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | 0 | 0 |
Series Forty Six [Member] | ||
Cash flows from operating activities | ||
Net income (loss) | (49,738) | (102,687) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||
Gain on sale of operating limited partnerships | (113,326) | (43,000) |
Changes in assets and liabilities | ||
Other assets | (1,245) | 0 |
Accounts payable and accrued expenses | 0 | 0 |
Accounts payable - affiliates | 72,504 | 209,196 |
Net cash provided by (used in) operating activities | (91,805) | 63,509 |
Cash flows from investing activities | ||
Proceeds from disposition of operating limited partnerships | 113,326 | 43,000 |
Net cash provided by investing activities | 113,326 | 43,000 |
Cash flows from financing activities | ||
Distributions | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 21,521 | 106,509 |
Cash and cash equivalents, beginning | 427,684 | 321,175 |
Cash and cash equivalents, ending | 449,205 | 427,684 |
Supplemental schedule of noncash investing and financing activities | ||
The fund has applied notes receivable and advances to its capital contribution obligation in operating limited partnerships. | $ 0 | $ 0 |
ORGANIZATION AND SUMMARY OF SIG
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Mar. 31, 2021 | |
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BF Garden Tax Credit Fund IV L.P. (formerly known as Boston Capital Tax Credit Fund IV L.P.) (the "Fund") was organized under the laws of the State of Delaware as of October 5, 1993, for the purpose of acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly constructed, existing or rehabilitated low-income apartment complexes ("Operating Partnerships"). Effective as of December 15, 2020, Corporate Investment Holdings, Inc., a Massachusetts corporation owned by BF Garden Companion Limited Partnership, a Massachusetts limited partnership formerly known as Boston Capital Companion Limited Partnership (“Companion”), replaced BCA Associates Limited Partnership as the general partner of the Fund’s general partner, BF Garden Associates IV L.P., a Delaware limited partnership formerly known as Boston Capital Associates IV L.P. Additionally, Companion replaced Capital Investment Holdings IV Limited Partnership as the sole limited partner of the Fund’s general partner. Also effective as of December 15, 2020, BFBC Holdings GP, LLC, a Delaware limited liability company and an affiliate of Boston Financial Investment Management, LP, a Delaware limited partnership (“BFIM”), replaced Boston Capital Partners II Corporation as the general partner of Companion; and BFIM replaced Boston Capital Companion Holdings Limited Partnership as the sole limited partner of Companion. The assignor limited partner of the Fund continues to be BCTC IV Assignor Corp., a Delaware corporation which is now wholly owned by Companion. The assignor limited partner was formed for the purpose of serving in that capacity for the Fund and does not engage in any other business. Units of beneficial interest in the limited partnership interest of the assignor limited partner have been assigned by the assignor limited partner by means of beneficial assignee certificates ("BACs") to investors and investors are entitled to all the rights and economic benefits of a limited partner of the Fund, including rights to a percentage of the income, gains, losses, deductions, credits and distributions of the Fund. In accordance with the limited partnership agreement, profits, losses, and cash flow (subject to certain priority allocations and distributions) and tax credits are allocated 99% to the assignees and 1% to the general partner. 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 beneficial assignee certificates (BACs) representing assignments of units of the beneficial interest of the limited partnership interest of the assignor limited partner. The fund has registered 101,500,000 BACs at $10 per BAC for sale to the public in one or more series. BACs sold in bulk are offered to investors at a reduced cost per BAC. The BACs issued and outstanding in each series as of March 31, 2021 and 2020 are as follows: Issued Outstanding 2021 2020 2021 2020 Series 20 3,866,700 3,866,700 3,828,200 3,828,200 Series 21 1,892,700 1,892,700 1,879,500 1,879,500 Series 22 2,564,400 2,564,400 2,550,145 2,550,145 Series 23 3,336,727 3,336,727 3,303,327 3,303,327 Series 24 2,169,878 2,169,878 2,150,053 2,150,053 Series 25 3,026,109 3,026,109 3,016,809 3,016,809 Series 26 3,995,900 3,995,900 3,926,374 3,929,074 Series 27 2,460,700 2,460,700 2,431,350 2,431,350 Series 28 4,000,738 4,000,738 3,979,139 3,979,139 Series 29 3,991,800 3,991,800 3,911,725 3,923,225 Series 30 2,651,000 2,651,000 2,621,200 2,621,200 Series 31 4,417,857 4,417,857 4,375,757 4,375,757 Series 32 4,754,198 4,754,198 4,706,298 4,715,798 Series 33 2,636,533 2,636,533 2,605,833 2,606,833 Series 34 3,529,319 3,529,319 3,474,319 3,477,719 Series 35 3,300,463 3,300,463 3,277,913 3,277,913 Series 36 2,106,838 2,106,838 2,083,704 2,083,704 Series 37 2,512,500 2,512,500 2,489,100 2,489,100 Series 38 2,543,100 2,543,100 2,536,200 2,536,200 Series 39 2,292,151 2,292,151 2,288,351 2,288,351 Series 40 2,630,256 2,630,256 2,611,356 2,611,356 Series 41 2,891,626 2,891,626 2,865,176 2,867,676 Series 42 2,744,262 2,744,262 2,706,362 2,716,362 Series 43 3,637,987 3,637,987 3,617,987 3,617,987 Series 44 2,701,973 2,701,973 2,682,873 2,687,173 Series 45 4,014,367 4,014,367 3,989,967 3,996,467 Series 46 2,980,998 2,980,998 2,965,635 2,965,635 83,651,080 83,651,080 82,874,653 82,926,053 Investments in Operating Limited Partnerships The Fund accounts for its investments in operating limited partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each operating limited partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes the individual operating limited partnership’s losses only to the extent that the Fund’s share of losses from the operating limited partnerships does not exceed the carrying amount of its investment and its advances to operating limited partnerships. Unrecognized losses are suspended and offset against future individual operating limited partnership income. After the investment account is reduced to zero, receivables due from the operating limited partnerships are decreased by the partnership’s share of losses and, accordingly, a valuation allowance is recorded against the receivables. Accordingly, the Fund recorded a valuation allowance of $7,893 for both years March 31, 2021 and 2020. The Fund reviews its investment in operating limited partnerships for impairment whenever events or changes in circumstances indicate that the carrying amount of such investments may not be recoverable. Recoverability is measured by a comparison of the carrying amount of the investment to the sum of the total amount of the remaining tax credits and the estimated residual value of the investment. The Fund also evaluates its intangibles for impairment in connection with its investments in operating limited partnerships. Capital contributions to operating limited partnerships are adjusted by tax credit adjusters. Tax credit adjusters are defined as adjustments to operating limited partnership capital contributions due to reductions in actual tax credits from those originally projected. The Fund records tax credit adjusters as a reduction in investments in operating limited partnerships and capital contributions payable. The operating limited partnerships maintain their financial statements based on a calendar year and the fund utilizes a March 31 year end. The Fund records losses and income from the operating limited partnerships on a calendar year basis which is not materially different from losses and income generated if the operating limited partnerships utilized a March 31 year end. The Fund records capital contributions payable to the operating limited partnerships once there is a binding obligation to fund a specified amount. The operating limited partnerships record capital contributions from the fund when received. Prior to January 1, 1999, the Fund recorded acquisition costs as an increase in its investments in operating limited partnerships. These costs were amortized by the operating limited partnerships over 27.5 years on the straight-line method. Certain operating limited partnerships have not recorded the acquisition costs as a capital contribution from the fund. These differences are shown as reconciling items in note C. As of January 1, 1999, the Fund records acquisition costs incurred after January 1, 1999 as deferred acquisition costs. These costs are amortized on the straight-line method. In accordance with the accounting guidance for the consolidation of variable interest entities, the Fund determines when it should include the assets, liabilities, and activities of a variable interest entity (VIE) in its financial statements, and when it should disclose information about its relationship with a VIE. A VIE is a legal structure used to conduct activities or hold assets, which must be consolidated by a company if it is the primary beneficiary because it has (1) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (2) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. If multiple unrelated parties share such power, as defined, no party is required to consolidate the VIE. The Fund determines whether an entity is a VIE and whether it is the primary beneficiary at the date of initial involvement with the entity. The Fund reassesses whether it is the primary beneficiary of a VIE on an ongoing basis based on changes in facts and circumstances. In determining whether it is the primary beneficiary, the Partnership considers the purpose and activities of the VIE, including the variability and related risks the VIE incurs and transfers to other entities and their related parties. These factors are considered in determining whether the Fund has the power to direct activities of the VIE that most significantly impact the VIE’s economic performance and whether the Fund also has the obligation to absorb losses of or receive benefits from the VIE that could be potentially significant to the VIE. If the Fund determines that it is the primary beneficiary of the VIE, the VIE is consolidated within the Partnership’s financial statements. Based on this guidance, the operating limited partnerships in which the Fund invests meet the definition of a VIE. However, management does not consolidate the Fund’s interests in these VIEs under this guidance, as it is not considered to be the primary beneficiary. The Fund currently records the amount of its investment in these operating limited partnerships as an asset on its balance sheets, recognizes its share of the operating limited partnership income or losses in the statements of operations, and discloses how it accounts for material types of these investments in its financial statements. The Fund’s balance in investment in operating limited partnerships, advances to operating limited partnerships, plus the risk of recapture of tax credits previously recognized on these investments, represents its maximum exposure to loss. The Fund’s exposure to loss on these operating limited partnerships is mitigated by the condition and financial performance of the underlying properties as well as the strength of the operating limited partnerships’ general partners and their guarantee against credit recapture. 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 funds’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 2017 remain open. Cash and Cash Equivalents Cash equivalents include money market accounts having original maturities at date of acquisition of three months or less. The carrying value approximates fair value because of the short maturity of these instruments. Fiscal Year For financial reporting purposes, the fund uses a March 31 year end, whereas for income tax reporting purposes, the fund uses a calendar year. The operating limited partnerships use a calendar year for both financial and income tax reporting. Net Income (Loss) per Beneficial Assignee Certificate Net income (loss) per beneficial assignee certificate unit is calculated based upon the weighted average number of units outstanding during the year or period. The weighted average number of units in each series at March 31, 2021 and 2020 are as follows: 2021 2020 Series 20 3,828,200 3,828,200 Series 21 1,879,500 1,879,500 Series 22 2,550,145 2,550,145 Series 23 3,303,327 3,303,327 Series 24 2,150,053 2,150,053 Series 25 3,016,809 3,016,809 Series 26 3,928,399 3,949,774 Series 27 2,431,350 2,431,350 Series 28 3,979,139 3,979,139 Series 29 3,920,350 3,938,000 Series 30 2,621,200 2,621,200 Series 31 4,375,757 4,375,757 Series 32 4,713,423 4,722,173 Series 33 2,606,583 2,617,783 Series 34 3,476,869 3,491,744 Series 35 3,277,913 3,277,913 Series 36 2,083,704 2,083,704 Series 37 2,489,100 2,489,100 Series 38 2,536,200 2,536,200 Series 39 2,288,351 2,288,351 Series 40 2,611,356 2,611,356 Series 41 2,867,051 2,871,239 Series 42 2,713,862 2,721,237 Series 43 3,617,987 3,625,112 Series 44 2,686,098 2,688,673 Series 45 3,994,842 4,004,492 Series 46 2,965,635 2,965,635 82,913,203 83,017,966 Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Mar. 31, 2021 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | NOTE B - RELATED PARTY TRANSACTIONS During the years ended March 31, 2021 and March 31, 2020, the Fund entered into several transactions with various former and current affiliates of the general partner, including Boston Capital Partners, Inc., , Boston Capital Holdings Limited Partnership, Boston Capital Asset Management Limited Partnership, and BF Garden Companion Limited Partnership (formerly known as Boston Capital Companion Limited Partnership) as follows: The Fund originally incurred an annual fund management fee to Boston Capital Asset Management Limited Partnership, a former affiliate of the general partner. As part of the sale disclosed in Note A, the fund management fee is now payable to BF Garden Companion Limited Partnership (formerly known as Boston Capital Companion Limited Partnership), an affiliate of the general partner as of December 15, 2020, in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the operating limited partnerships, less the amount of certain asset management and reporting fees paid by the operating limited partnerships. The fund management fees earned and the reporting fees paid by the operating limited partners for the years ended March 2021 and 2020 are as follows: 2021 Gross Fund Asset Management and Fund Management Fee net of Asset Management Fee Reporting Fee Management and Reporting Fee Series 20 $ — $ — $ — Series 21 — — — Series 22 — — — Series 23 — — — Series 24 — — — Series 25 — — — Series 26 15,044 — 15,044 Series 27 — — — Series 28 — — — Series 29 21,752 — 21,752 Series 30 — — — Series 31 — — — Series 32 50,243 13,516 36,727 Series 33 34,323 13,516 20,807 Series 34 24,102 4,200 19,902 Series 35 — — — Series 36 — — — Series 37 — — — Series 38 — — — Series 39 — — — Series 40 — — — Series 41 107,516 18,082 89,434 Series 42 55,995 3,129 52,866 Series 43 45,534 13,296 32,238 Series 44 121,260 30,907 90,353 Series 45 135,226 37,353 97,873 Series 46 185,830 14,678 171,152 $ 796,825 $ 148,677 $ 648,148 2020 Fund Management Fee net of Asset Gross Fund Asset Management and Management and Reporting Management Fee Reporting Fee Fee Series 20 $ — $ — $ — Series 21 — — — Series 22 — — — Series 23 — — — Series 24 28,397 2,356 26,041 Series 25 — — — Series 26 45,474 1,000 44,474 Series 27 21,000 6,380 14,620 Series 28 20,112 2,000 18,112 Series 29 29,040 4,566 24,474 Series 30 — — — Series 31 4,308 70,826 (66,518) Series 32 74,518 13,000 61,518 Series 33 46,188 20,920 25,268 Series 34 40,344 3,000 37,344 Series 35 28,735 3,200 25,535 Series 36 10,650 — 10,650 Series 37 — — — Series 38 22,065 3,000 19,065 Series 39 — — — Series 40 52,310 7,380 44,930 Series 41 134,220 29,355 104,865 Series 42 92,228 3,460 88,768 Series 43 98,207 11,231 86,976 Series 44 192,805 28,235 164,570 Series 45 233,935 24,327 209,608 Series 46 209,196 47,404 161,792 $ 1,383,732 $ 281,640 $ 1,102,092 All fund management fees will be paid, without interest, from available cash flow or the proceeds of sales or refinancing of the partnership's interests in operating limited partnerships. As of March 31, 2021 and 2020, total fund management fees accrued were $12,664,070 and $13,107,778, respectively. The fund management fees paid for the years ended March 31, 2021 and 2020, are as follows: 2021 2020 Series 20 $ — $ — Series 21 — — Series 22 — — Series 23 — — Series 24 — 28,397 Series 25 — — Series 26 12,845 45,474 Series 27 — 21,000 Series 28 — 20,112 Series 29 — — Series 30 — — Series 31 — 4,308 Series 32 128,907 209,532 Series 33 29,331 1,145,475 Series 34 — 284,500 Series 35 — 28,735 Series 36 — 10,650 Series 37 — — Series 38 — 22,065 Series 39 — — Series 40 — 2,276,523 Series 41 64,500 — Series 42 19,259 92,228 Series 43 45,534 266,466 Series 44 84,442 2,671,325 Series 45 742,389 216,448 Series 46 113,326 — $ 1,240,533 $ 7,343,238 An affiliate of the general partner of the Fund has advanced funds to pay some operating expenses of the fund, and to make advances and/or loans to operating limited partnerships. These advances are included in accounts payable to affiliates. During the year ended March 31, 2020, an affiliate of the general partner of the Fund was paid a total of $235,634 by Series 44 for reimbursements of operating expenses of the Fund previously recorded. General and administrative expenses and professional fees incurred by Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership, and Boston Capital Asset Management Limited Partnership for each series for the years ended March 31, 2021 and 2020, charged to each series’ operations are as follows: 2021 2020 Series 20 $ — $ — Series 21 — — Series 22 — — Series 23 — — Series 24 — 53,742 Series 25 — — Series 26 14,497 19,282 Series 27 — 75,863 Series 28 — 56,652 Series 29 13,951 19,154 Series 30 — — Series 31 — 54,225 Series 32 14,483 19,051 Series 33 13,213 16,131 Series 34 13,771 17,491 Series 35 — 52,856 Series 36 — 51,100 Series 37 — — Series 38 — 53,075 Series 39 — — Series 40 — 58,885 Series 41 13,573 18,140 Series 42 13,362 17,263 Series 43 14,008 18,989 Series 44 13,363 16,847 Series 45 14,296 21,460 Series 46 13,508 18,852 $ 152,025 $ 659,058 |
INVESTMENTS IN OPERATING LIMITE
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS | 12 Months Ended |
Mar. 31, 2021 | |
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS | |
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS | NOTE C - INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS At March 31, 2021 and 2020, the fund has limited partnership interests in operating limited partnerships, which own or are constructing or rehabilitating operating apartment complexes. The number of operating limited partnerships in which the fund has limited partnership interests at March 31, 2021 and 2020 by series are as follows: 2021 2020 Series 20 — — Series 21 — — Series 22 — — Series 23 — — Series 24 — — Series 25 — — Series 26 1 3 Series 27 — — Series 28 — — Series 29 2 5 Series 30 — — Series 31 — — Series 32 1 3 Series 33 1 2 Series 34 1 2 Series 35 — — Series 36 — — Series 37 — — Series 38 — — Series 39 — — Series 40 — — Series 41 2 8 Series 42 2 6 Series 43 — 11 Series 44 2 3 Series 45 11 13 Series 46 10 12 33 68 During the year ended March 31, 2021 the Fund disposed of thirty-five Operating Partnerships. Gain on disposition is included in share of income (losses) from operating limited partnerships. A summary of the dispositions by Series for March 31, 2021 is as follows. Operating Partnership Sale of Underlying Partnership Proceeds Gain on Interest Transferred Operating Partnership from Disposition * Disposition Series 26 2 — 18,800 18,800 Series 29 3 — 44,500 44,500 Series 32 1 1 2,571,228 2,571,228 Series 33 — 1 2,492,020 2,492,020 Series 34 1 — 20,800 20,800 Series 41 6 — 98,100 98,100 Series 42 3 1 722,200 722,454 Series 43 11 — 186,635 186,635 Series 44 1 — 612,172 612,172 Series 45 1 1 214,717 214,717 Series 46 2 — 113,326 113,326 Total 31 4 $ 7,094,498 $ 7,094,752 * During the year ended March 31, 2020 the Fund disposed of fifty-nine Operating Partnerships. Gain on disposition is included in share of income (losses) from operating limited partnerships. A summary of the dispositions by Series for March 31, 2020 is as follows. Operating Partnership Sale of Underlying Partnership Proceeds Gain on Interest Transferred Operating Partnership from Disposition * Disposition Series 24 4 — $ 278,516 $ 278,516 Series 26 5 — 109,433 109,433 Series 27 2 1 856,766 856,766 Series 28 4 — 73,248 73,248 Series 31 — 1 619,800 619,800 Series 32 2 — 158,324 159,553 Series 33 — 1 1,469,594 1,469,594 Series 34 2 — 284,500 284,500 Series 35 2 — 1,555,642 1,555,642 Series 36 1 1 581,982 581,982 Series 38 2 1 1,506,757 1,506,757 Series 40 6 1 2,962,372 2,962,474 Series 41 3 — 28,040 28,040 Series 42 3 — 401,094 401,094 Series 43 1 1 1,277,506 1,277,506 Series 44 2 2 3,092,325 3,092,325 Series 45 8 1 656,785 673,509 Series 46 2 — 43,000 43,000 Total 49 10 $ 15,955,684 $ 15,973,739 * 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 Partnership’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. Under the terms of the Fund’s investment in each operating limited partnership, the Fund is required to make capital contributions to the operating limited partnerships. These contributions are payable in installments over several years upon each operating limited partnership achieving specified levels of construction or operations. At March 31, 2021 and 2020, contributions are payable to operating limited partnerships as follows: 2021 2020 Series 20 $ — $ — Series 21 — — Series 22 — — Series 23 — — Series 24 — — Series 25 — — Series 26 — — Series 27 — — Series 28 — — Series 29 785 785 Series 30 — — Series 31 — — Series 32 — — Series 33 — — Series 34 — — Series 35 — — Series 36 — — Series 37 — — Series 38 — — Series 39 — — Series 40 — — Series 41 — — Series 42 — 254 Series 43 — — Series 44 — — Series 45 — — Series 46 — — $ 785 $ 1,039 The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Total Series 20 Series 21 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 45,625,907 $ — $ — Acquisition costs of operating limited partnerships 1,096,866 — — Cumulative distributions from operating limited partnerships (467,311) — — Cumulative impairment loss in investments in operating limited partnerships (27,975,615) — — Cumulative losses from operating limited partnerships (18,279,847) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). (11,711) — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). (288,550) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). 32,927 — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (11,383,230) — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). 33,460 — — Cumulative impairment loss in investments in operating limited partnerships 27,975,615 — — Other (1,111,465) — — Equity per operating limited partnerships’ combined financial statements $ 15,247,046 $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 22 Series 23 Series 24 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ — $ — Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships — — — Cumulative losses from operating limited partnerships — — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — — — Other — — — Equity per operating limited partnerships’ combined financial statements $ — $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 25 Series 26 Series 27 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 704,145 $ — Acquisition costs of operating limited partnerships — 109,460 — Cumulative distributions from operating limited partnerships — (3,223) — Cumulative impairment loss in investments in operating limited partnerships — (206,682) — Cumulative losses from operating limited partnerships — (603,700) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (763,435) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — 21,979 — Cumulative impairment loss in investments in operating limited partnerships — 206,682 — Other — (29,502) — Equity per operating limited partnerships’ combined financial statements $ — $ (564,276) $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 28 Series 29 Series 30 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 1,852,177 $ — Acquisition costs of operating limited partnerships — 266,798 — Cumulative distributions from operating limited partnerships — (9,500) — Cumulative impairment loss in investments in operating limited partnerships — (888,464) — Cumulative losses from operating limited partnerships — (1,221,011) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — 32,927 — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (1,157,917) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — 888,464 — Other — 5,610 — Equity per operating limited partnerships’ combined financial statements $ — $ (230,916) $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 31 Series 32 Series 33 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 1,501,914 $ 1,495,966 Acquisition costs of operating limited partnerships — 216,029 216,029 Cumulative distributions from operating limited partnerships — (33,444) (500) Cumulative impairment loss in investments in operating limited partnerships — (1,110,485) (790,713) Cumulative losses from operating limited partnerships — (574,014) (920,782) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (917,996) (784,846) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — 1,110,485 790,713 Other — (34,871) 7 Equity per operating limited partnerships’ combined financial statements $ — $ 157,618 $ 5,874 The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 34 Series 35 Series 36 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 2,097,333 $ — $ — Acquisition costs of operating limited partnerships 288,550 — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships (833,360) — — Cumulative losses from operating limited partnerships (1,552,523) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). (288,550) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (610,098) — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships 833,360 — — Other 2 — — Equity per operating limited partnerships’ combined financial statements $ (65,286) $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 37 Series 38 Series 39 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ — $ — Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships — — — Cumulative losses from operating limited partnerships — — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — — — Other — — — Equity per operating limited partnerships’ combined financial statements $ — $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 40 Series 41 Series 42 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 3,206,778 $ 581,332 Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — (2,772) (781) Cumulative impairment loss in investments in operating limited partnerships — (752,318) — Cumulative losses from operating limited partnerships — (2,451,688) (580,551) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — (7,500) (4,211) The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (1,623,678) (566,599) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — 752,318 — Other — (325,268) (34,441) Equity per operating limited partnerships’ combined financial statements $ — $ (1,204,128) $ (605,251) The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 43 Series 44 Series 45 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 3,095,765 $ 13,534,041 Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — (40,115) (192,410) Cumulative impairment loss in investments in operating limited partnerships — (2,550,560) (8,739,377) Cumulative losses from operating limited partnerships — (505,090) (4,602,254) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (15,841) (3,117,867) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — 11,481 Cumulative impairment loss in investments in operating limited partnerships — 2,550,560 8,739,377 Other — (147,290) (316,529) Equity per operating limited partnerships’ combined financial statements $ — $ 2,387,429 $ 5,316,462 The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 46 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 17,556,456 Acquisition costs of operating limited partnerships — Cumulative distributions from operating limited partnerships (184,566) Cumulative impairment loss in investments in operating limited partnerships (12,103,656) Cumulative losses from operating limited partnerships (5,268,234) Investments in operating limited partnerships per balance sheet — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (1,824,953) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — Cumulative impairment loss in investments in operating limited partnerships 12,103,656 Other (229,183) Equity per operating limited partnerships’ combined financial statements $ 10,049,520 The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Total Series 20 Series 21 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 81,043,910 $ — $ — Acquisition costs of operating limited partnerships 2,559,129 — — Cumulative distributions from operating limited partnerships (542,452) — — Cumulative impairment loss in investments in operating limited partnerships (44,508,391) — — Cumulative losses from operating limited partnerships (38,552,196) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). (333,930) — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). (420,953) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). 39,537 — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (22,542,011) — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). 67,729 — — Cumulative impairment loss in investments in operating limited partnerships 44,508,391 — — Other (1,352,622) — — Equity per operating limited partnerships’ combined financial statements $ 19,966,141 $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 22 Series 23 Series 24 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ — $ — Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships — — — Cumulative losses from operating limited partnerships — — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — — — Other — — — Equity per operating limited partnerships’ combined financial statements $ — $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 25 Series 26 Series 27 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 1,013,198 $ — Acquisition costs of operating limited partnerships — 153,913 — Cumulative distributions from operating limited partnerships — (7,967) — Cumulative impairment loss in investments in operating limited partnerships — (206,682) — Cumulative losses from operating limited partnerships — (952,462) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (1,320,962) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — 21,979 — Cumulative impairment loss in investments in operating limited partnerships — 206,682 — Other — (35,425) — Equity per operating limited partnerships’ combined financial statements $ — $ (1,127,726) $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 28 Series 29 Series 30 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 2,959,240 $ — Acquisition costs of operating limited partnerships — 426,353 — Cumulative distributions from operating limited partnerships — (11,855) — Cumulative impairment loss in investments in operating limited partnerships — (1,417,478) — Cumulative losses from operating limited partnerships — (1,956,260) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — (132,403) — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — 39,537 — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (2,031,117) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — (316) — Cumulative impairment loss in investments in operating limited partnerships — 1,417,478 — Other — 103 — Equity per operating limited partnerships’ combined financial statements $ — $ (706,718) $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 31 Series 32 Series 33 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 8,272,229 $ 5,331,603 Acquisition costs of operating limited partnerships — 783,763 783,763 Cumulative distributions from operating limited partnerships — (36,114) (3,170) Cumulative impairment loss in investments in operating limited partnerships — (5,642,191) (4,047,088) Cumulative losses from operating limited partnerships — (3,377,687) (2,065,108) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — (158,952) (81,443) The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (3,083,606) (1,642,948) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — 29,991 — Cumulative impairment loss in investments in operating limited partnerships — 5,642,191 4,047,088 Other — (79,093) (13,010) Equity per operating limited partnerships’ combined financial statements $ — $ 2,350,531 $ 2,309,687 The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 34 Series 35 Series 36 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 2,850,695 $ — $ — Acquisition costs of operating limited partnerships 411,337 — — Cumulative distributions from operating limited partnerships (10,944) — — Cumulative impairment loss in investments in operating limited partnerships (1,212,863) — — Cumulative losses from operating limited partnerships (2,038,225) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). (288,550) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (1,174,852) — — The |
RECONCILIATION OF FINANCIAL STA
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN | 12 Months Ended |
Mar. 31, 2021 | |
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN | |
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN | NOTE D - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Total Series 20 Series 21 Net income (loss) for financial reporting purposes $ 6,119,815 $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes (443,708) — — Other 6,952,259 — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (1,016,981) — — Excess of tax depreciation over book depreciation on operating limited partnership assets (581,710) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (15,102,308) — — Income (loss) for tax return purposes, December 31, 2020 $ (4,072,633) $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 22 Series 23 Series 24 Net income (loss) for financial reporting purposes $ — $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — — — Income (loss) for tax return purposes, December 31, 2020 $ — $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 25 Series 26 Series 27 Net income (loss) for financial reporting purposes $ — $ (47,101) $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 2,199 — Other — (5,000) — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (59,470) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (19,425) — Difference due to fiscal year for book purposes and calendar year for tax purposes — 588,301 — Income (loss) for tax return purposes, December 31, 2020 $ — $ 459,504 $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 28 Series 29 Series 30 Net income (loss) for financial reporting purposes $ — $ (12,814) $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 21,752 — Other — 795,988 — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (113,442) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (21,314) — Difference due to fiscal year for book purposes and calendar year for tax purposes — (177,887) — Income (loss) for tax return purposes, December 31, 2020 $ — $ 492,283 $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 31 Series 32 Series 33 Net income (loss) for financial reporting purposes $ — $ 2,525,949 $ 2,473,777 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — (78,664) 4,992 Other — 51,192 (113,274) Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (46,596) (39,126) Excess of tax depreciation over book depreciation on operating limited partnership assets — (23,481) (21,393) Difference due to fiscal year for book purposes and calendar year for tax purposes — (2,901,083) (2,680,668) Income (loss) for tax return purposes, December 31, 2020 $ — $ (472,683) $ (375,692) For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 34 Series 35 Series 36 Net income (loss) for financial reporting purposes $ (43,305) $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes 24,102 — — Other 212,099 — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets (33,633) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (464,227) — — Income (loss) for tax return purposes, December 31, 2020 $ (304,964) $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 37 Series 38 Series 39 Net income (loss) for financial reporting purposes $ — $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — — — Income (loss) for tax return purposes, December 31, 2020 $ — $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 40 Series 41 Series 42 Net income (loss) for financial reporting purposes $ — $ 13,924 $ 663,263 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 43,016 36,736 Other — 928,089 2,509,690 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (60,389) (32,717) Excess of tax depreciation over book depreciation on operating limited partnership assets — (77,697) 17,338 Difference due to fiscal year for book purposes and calendar year for tax purposes — (308,905) (1,205,766) Income (loss) for tax return purposes, December 31, 2020 $ — $ 538,038 $ 1,988,544 For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 43 Series 44 Series 45 Net income (loss) for financial reporting purposes $ 50,372 $ 488,406 $ 57,082 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 36,818 (607,163) Other — 1,039,883 1,172,973 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — (420,788) Excess of tax depreciation over book depreciation on operating limited partnership assets — (21,425) (114,692) Difference due to fiscal year for book purposes and calendar year for tax purposes (2,400,109) (4,075,446) (924,247) Income (loss) for tax return purposes, December 31, 2020 $ (2,349,737) $ (2,531,764) $ (836,835) For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 46 Net income (loss) for financial reporting purposes $ (49,738) Accrued partnership fund management fee not deducted (deducted) for income tax purposes 72,504 Other 360,619 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (244,453) Excess of tax depreciation over book depreciation on operating limited partnership assets (265,988) Difference due to fiscal year for book purposes and calendar year for tax purposes (552,271) Income (loss) for tax return purposes, December 31, 2020 $ (679,327) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Total Series 20 Series 21 Net income (loss) for financial reporting purposes $ 14,270,637 $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes (5,959,506) — — Other 8,470,252 — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (2,814,449) — — Excess of tax depreciation over book depreciation on operating limited partnership assets (1,133,884) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (12,427,166) — — Income (loss) for tax return purposes, December 31, 2019 $ 405,884 $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 22 Series 23 Series 24 Net income (loss) for financial reporting purposes $ — $ — $ 182,795 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — — 1,166,597 Income (loss) for tax return purposes, December 31, 2019 $ — $ — $ 1,349,392 For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 25 Series 26 Series 27 Net income (loss) for financial reporting purposes $ — $ 21,565 $ 818,126 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — 3,005,959 — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (170,064) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (19,425) — Difference due to fiscal year for book purposes and calendar year for tax purposes — (134,921) (356,028) Income (loss) for tax return purposes, December 31, 2019 $ — $ 2,703,114 $ 462,098 For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 28 Series 29 Series 30 Net income (loss) for financial reporting purposes $ (20,913) $ (68,538) $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 29,040 — Other — (184,277) — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (193,368) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (40,062) — Difference due to fiscal year for book purposes and calendar year for tax purposes 1,505,035 882 — Income (loss) for tax return purposes, December 31, 2019 $ 1,484,122 $ (456,323) $ — For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 31 Series 32 Series 33 Net income (loss) for financial reporting purposes $ 619,372 $ 57,220 $ 1,424,616 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — (135,014) (1,099,287) Other — 468,816 939,990 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (335,845) (103,077) Excess of tax depreciation over book depreciation on operating limited partnership assets — (92,023) (89,921) Difference due to fiscal year for book purposes and calendar year for tax purposes (1,025,935) 13,737 (1,479,946) Income (loss) for tax return purposes, December 31, 2019 $ (406,563) $ (23,109) $ (407,625) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 34 Series 35 Series 36 Net income (loss) for financial reporting purposes $ 214,215 $ 1,497,913 $ 527,639 Accrued partnership fund management fee not deducted (deducted) for income tax purposes (244,156) — — Other (926,658) — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (137,805) — — Excess of tax depreciation over book depreciation on operating limited partnership assets (34,972) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (83,946) 283,430 (729,548) Income (loss) for tax return purposes, December 31, 2019 $ (1,213,322) $ 1,781,343 $ (201,909) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 37 Series 38 Series 39 Net income (loss) for financial reporting purposes $ — $ 1,440,353 $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — (5,726,487) — Income (loss) for tax return purposes, December 31, 2019 $ — $ (4,286,134) $ — For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 40 Series 41 Series 42 Net income (loss) for financial reporting purposes $ 2,844,772 $ (28,195) $ 307,410 Accrued partnership fund management fee not deducted (deducted) for income tax purposes (2,224,213) 134,220 — Other — 311,744 797,846 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (200,154) (429,081) Excess of tax depreciation over book depreciation on operating limited partnership assets — (68,992) (5,002) Difference due to fiscal year for book purposes and calendar year for tax purposes (1,750,784) (223,211) (519,859) Income (loss) for tax return purposes, December 31, 2019 $ (1,130,225) $ (74,588) $ 151,314 For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 43 Series 44 Series 45 Net income (loss) for financial reporting purposes $ 1,170,010 $ 2,918,827 $ 446,137 Accrued partnership fund management fee not deducted (deducted) for income tax purposes (168,259) (2,478,520) 17,487 Other 49,732 5,264,067 (1,617,953) Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (187,992) — (647,523) Excess of tax depreciation over book depreciation on operating limited partnership assets (88,202) (204,650) (181,016) Difference due to fiscal year for book purposes and calendar year for tax purposes (1,758,052) (531,052) (954,141) Income (loss) for tax return purposes, December 31, 2019 $ (982,763) $ 4,968,672 $ (2,937,009) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 46 Net income (loss) for financial reporting purposes $ (102,687) Accrued partnership fund management fee not deducted (deducted) for income tax purposes 209,196 Other 360,986 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (409,540) Excess of tax depreciation over book depreciation on operating limited partnership assets (309,619) Difference due to fiscal year for book purposes and calendar year for tax purposes (122,937) Income (loss) for tax return purposes, December 31, 2019 $ (374,601) The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Total Series 20 Series 21 Investments in operating limited partnerships - tax return December 31, 2020 $ 6,036,955 $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 11,383,230 — — Impairment loss in investment in operating limited partnerships (27,975,615) — — Less share of loss - three months ended March 31, 2021 (32,927) — — Other 10,588,357 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 22 Series 23 Series 24 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2021 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 25 Series 26 Series 27 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ (1,005,761) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 763,435 — Impairment loss in investment in operating limited partnerships — (206,682) — Less share of loss - three months ended March 31, 2021 — — — Other — 449,008 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 28 Series 29 Series 30 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ (917,349) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 1,157,917 — Impairment loss in investment in operating limited partnerships — (888,464) — Less share of loss - three months ended March 31, 2021 — (32,927) — Other — 680,823 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 31 Series 32 Series 33 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ 716,461 $ 508,277 Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 917,996 784,846 Impairment loss in investment in operating limited partnerships — (1,110,485) (790,713) Less share of loss - three months ended March 31, 2021 — — — Other — (523,972) (502,410) Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 34 Series 35 Series 36 Investments in operating limited partnerships - tax return December 31, 2020 $ (226,160) $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 610,098 — — Impairment loss in investment in operating limited partnerships (833,360) — — Less share of loss - three months ended March 31, 2021 — — — Other 449,422 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 37 Series 38 Series 39 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2021 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 40 Series 41 Series 42 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ (2,578,036) $ (258,255) Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 1,623,678 566,599 Impairment loss in investment in operating limited partnerships — (752,318) — Less share of loss - three months ended March 31, 2021 — — — Other — 1,706,676 (308,344) Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 43 Series 44 Series 45 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ 910,108 $ 4,574,217 Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 15,841 3,117,867 Impairment loss in investment in operating limited partnerships — (2,550,560) (8,739,377) Less share of loss - three months ended March 31, 2021 — — — Other — 1,624,611 1,047,293 Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 46 Investments in operating limited partnerships - tax return December 31, 2020 $ 4,313,453 Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,824,953 Impairment loss in investment in operating limited partnerships (12,103,656) Less share of loss - three months ended March 31, 2021 — Other 5,965,250 Investments in operating limited partnerships - as reported $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Total Series 20 Series 21 Investments in operating limited partnerships - tax return December 31, 2019 $ 3,217,139 $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 22,542,011 — — Impairment loss in investment in operating limited partnerships (44,508,391) — — Less share of loss - three months ended March 31, 2020 (39,537) — — Other 18,788,778 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 22 Series 23 Series 24 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2020 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 25 Series 26 Series 27 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ (1,521,810) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 1,320,962 — Impairment loss in investment in operating limited partnerships — (206,682) — Less share of loss - three months ended March 31, 2020 — — — Other — 407,530 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 28 Series 29 Series 30 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ (1,496,498) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 2,031,117 — Impairment loss in investment in operating limited partnerships — (1,417,478) — Less share of loss - three months ended March 31, 2020 — (39,537) — Other — 922,396 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 31 Series 32 Series 33 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ 882,196 $ 721,147 Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 3,083,606 1,642,948 Impairment loss in investment in operating limited partnerships — (5,642,191) (4,047,088) Less share of loss - three months ended March 31, 2020 — — — Other — 1,676,389 1,682,993 Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 34 Series 35 Series 36 Investments in operating limited partnerships - tax return December 31, 2019 $ (379,040) $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,174,852 — — Impairment loss in investment in operating limited partnerships (1,212,863) — — Less share of loss - three months ended March 31, 2020 — — — Other 417,051 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 37 Series 38 Series 39 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2020 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 40 Series 41 Series 42 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ (3,250,279) $ (1,966,887) Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 2,589,127 3,668,706 Impairment loss in investment in operating limited partnerships — (1,610,548) (1,300,734) Less share of loss - three months ended March 31, 2020 — — — Other — 2,271,700 (401,085) Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 43 Series 44 Series 45 Investments in operating limited partnerships - tax return December 31, 2019 $ 705,213 $ (5,206) $ 4,787,336 Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,398,524 291,269 3,416,071 Impairment loss in investment in operating limited partnerships (3,807,624) (2,438,129) (9,877,399) Less share of loss - three months ended March 31, 2020 — — — Other 1,703,887 2,152,066 1,673,992 Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 46 Investments in operating limited partnerships - tax return December 31, 2019 $ 4,740,967 Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,924,829 Impairment loss in investment in operating limited partnerships (12,947,655) Less share of loss - three months ended March 31, 2020 — Other 6,281,859 Investments in operating limited partnerships - as reported $ — |
CASH EQUIVALENTS
CASH EQUIVALENTS | 12 Months Ended |
Mar. 31, 2021 | |
CASH EQUIVALENTS | |
CASH EQUIVALENTS | NOTE E - CASH EQUIVALENTS Cash equivalents of $10,765,279 and $6,568,691 as of March 31, 2021 and 2020, respectively, include money market accounts with interest rates ranging from 0.05% to 1.51% per annum. |
CONCENTRATION OF CREDIT RISK
CONCENTRATION OF CREDIT RISK | 12 Months Ended |
Mar. 31, 2021 | |
CONCENTRATION OF CREDIT RISK | |
CONCENTRATION OF CREDIT RISK | NOTE F - CONCENTRATION OF CREDIT RISK The Fund maintains its cash and cash equivalent balances in several accounts in various financial institutions. The balances are generally insured by the Federal Deposit Insurance Corporation (FDIC) up to specified limits by each institution. At times, the balances may exceed these insurance limits; however, the Fund has not experienced any losses with respect to its balances in excess of FDIC insurance. Management believes that no significant concentration of credit risk with respect to these cash and cash equivalent balances exists as of March 31, 2021. |
CONTINGENCY
CONTINGENCY | 12 Months Ended |
Mar. 31, 2021 | |
CONTINGENCY | |
CONTINGENCY | NOTE G – CONTINGENCY The spread of a novel strain of coronavirus (COVID-19) has caused significant business disruptions in the United States beginning February 2020. The economic impact of the business disruptions caused by COVID-19 is uncertain. The extent of any effects these disruptions may have on the operations and financial performance of the Partnership will depend on future developments, including possible impacts on the operations of the underlying real estate of its investments, which cannot be determined. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Mar. 31, 2021 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE H – SUBSEQUENT EVENTS Events that occur after the balance sheet date but before the financial statements were available to be issued must be evaluated for recognition or disclosure. The effects of subsequent events that provide evidence about conditions that existed at the balance sheet date are recognized in the accompanying financial statements. Subsequent events, which provide evidence about conditions that existed after the balance sheet date, require disclosure in the accompanying notes. Management evaluated the activity of the Fund through the date the financial statements were issued, and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the notes to the financial statements. |
ORGANIZATION AND SUMMARY OF S_2
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Mar. 31, 2021 | |
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Investments in Operating Limited Partnerships | Investments in Operating Limited Partnerships The Fund accounts for its investments in operating limited partnerships using the equity method, whereby the Fund adjusts its investment cost for its share of each operating limited partnership’s results of operations and for any distributions received or accrued. However, the Fund recognizes the individual operating limited partnership’s losses only to the extent that the Fund’s share of losses from the operating limited partnerships does not exceed the carrying amount of its investment and its advances to operating limited partnerships. Unrecognized losses are suspended and offset against future individual operating limited partnership income. After the investment account is reduced to zero, receivables due from the operating limited partnerships are decreased by the partnership’s share of losses and, accordingly, a valuation allowance is recorded against the receivables. Accordingly, the Fund recorded a valuation allowance of $7,893 for both years March 31, 2021 and 2020. The Fund reviews its investment in operating limited partnerships for impairment whenever events or changes in circumstances indicate that the carrying amount of such investments may not be recoverable. Recoverability is measured by a comparison of the carrying amount of the investment to the sum of the total amount of the remaining tax credits and the estimated residual value of the investment. The Fund also evaluates its intangibles for impairment in connection with its investments in operating limited partnerships. Capital contributions to operating limited partnerships are adjusted by tax credit adjusters. Tax credit adjusters are defined as adjustments to operating limited partnership capital contributions due to reductions in actual tax credits from those originally projected. The Fund records tax credit adjusters as a reduction in investments in operating limited partnerships and capital contributions payable. The operating limited partnerships maintain their financial statements based on a calendar year and the fund utilizes a March 31 year end. The Fund records losses and income from the operating limited partnerships on a calendar year basis which is not materially different from losses and income generated if the operating limited partnerships utilized a March 31 year end. The Fund records capital contributions payable to the operating limited partnerships once there is a binding obligation to fund a specified amount. The operating limited partnerships record capital contributions from the fund when received. Prior to January 1, 1999, the Fund recorded acquisition costs as an increase in its investments in operating limited partnerships. These costs were amortized by the operating limited partnerships over 27.5 years on the straight-line method. Certain operating limited partnerships have not recorded the acquisition costs as a capital contribution from the fund. These differences are shown as reconciling items in note C. As of January 1, 1999, the Fund records acquisition costs incurred after January 1, 1999 as deferred acquisition costs. These costs are amortized on the straight-line method. In accordance with the accounting guidance for the consolidation of variable interest entities, the Fund determines when it should include the assets, liabilities, and activities of a variable interest entity (VIE) in its financial statements, and when it should disclose information about its relationship with a VIE. A VIE is a legal structure used to conduct activities or hold assets, which must be consolidated by a company if it is the primary beneficiary because it has (1) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (2) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. If multiple unrelated parties share such power, as defined, no party is required to consolidate the VIE. The Fund determines whether an entity is a VIE and whether it is the primary beneficiary at the date of initial involvement with the entity. The Fund reassesses whether it is the primary beneficiary of a VIE on an ongoing basis based on changes in facts and circumstances. In determining whether it is the primary beneficiary, the Partnership considers the purpose and activities of the VIE, including the variability and related risks the VIE incurs and transfers to other entities and their related parties. These factors are considered in determining whether the Fund has the power to direct activities of the VIE that most significantly impact the VIE’s economic performance and whether the Fund also has the obligation to absorb losses of or receive benefits from the VIE that could be potentially significant to the VIE. If the Fund determines that it is the primary beneficiary of the VIE, the VIE is consolidated within the Partnership’s financial statements. Based on this guidance, the operating limited partnerships in which the Fund invests meet the definition of a VIE. However, management does not consolidate the Fund’s interests in these VIEs under this guidance, as it is not considered to be the primary beneficiary. The Fund currently records the amount of its investment in these operating limited partnerships as an asset on its balance sheets, recognizes its share of the operating limited partnership income or losses in the statements of operations, and discloses how it accounts for material types of these investments in its financial statements. The Fund’s balance in investment in operating limited partnerships, advances to operating limited partnerships, plus the risk of recapture of tax credits previously recognized on these investments, represents its maximum exposure to loss. The Fund’s exposure to loss on these operating limited partnerships is mitigated by the condition and financial performance of the underlying properties as well as the strength of the operating limited partnerships’ general partners and their guarantee against credit recapture. |
Income Taxes | 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 funds’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 2017 remain open. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash equivalents include money market accounts having original maturities at date of acquisition of three months or less. The carrying value approximates fair value because of the short maturity of these instruments. |
Fiscal Year | Fiscal Year For financial reporting purposes, the fund uses a March 31 year end, whereas for income tax reporting purposes, the fund uses a calendar year. The operating limited partnerships use a calendar year for both financial and income tax reporting. |
Net Income (Loss) per Beneficial Assignee Certificate | Net Income (Loss) per Beneficial Assignee Certificate Net income (loss) per beneficial assignee certificate unit is calculated based upon the weighted average number of units outstanding during the year or period. The weighted average number of units in each series at March 31, 2021 and 2020 are as follows: 2021 2020 Series 20 3,828,200 3,828,200 Series 21 1,879,500 1,879,500 Series 22 2,550,145 2,550,145 Series 23 3,303,327 3,303,327 Series 24 2,150,053 2,150,053 Series 25 3,016,809 3,016,809 Series 26 3,928,399 3,949,774 Series 27 2,431,350 2,431,350 Series 28 3,979,139 3,979,139 Series 29 3,920,350 3,938,000 Series 30 2,621,200 2,621,200 Series 31 4,375,757 4,375,757 Series 32 4,713,423 4,722,173 Series 33 2,606,583 2,617,783 Series 34 3,476,869 3,491,744 Series 35 3,277,913 3,277,913 Series 36 2,083,704 2,083,704 Series 37 2,489,100 2,489,100 Series 38 2,536,200 2,536,200 Series 39 2,288,351 2,288,351 Series 40 2,611,356 2,611,356 Series 41 2,867,051 2,871,239 Series 42 2,713,862 2,721,237 Series 43 3,617,987 3,625,112 Series 44 2,686,098 2,688,673 Series 45 3,994,842 4,004,492 Series 46 2,965,635 2,965,635 82,913,203 83,017,966 |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
ORGANIZATION AND SUMMARY OF S_3
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Schedule of BACs sold and total equity | The BACs issued and outstanding in each series as of March 31, 2021 and 2020 are as follows: Issued Outstanding 2021 2020 2021 2020 Series 20 3,866,700 3,866,700 3,828,200 3,828,200 Series 21 1,892,700 1,892,700 1,879,500 1,879,500 Series 22 2,564,400 2,564,400 2,550,145 2,550,145 Series 23 3,336,727 3,336,727 3,303,327 3,303,327 Series 24 2,169,878 2,169,878 2,150,053 2,150,053 Series 25 3,026,109 3,026,109 3,016,809 3,016,809 Series 26 3,995,900 3,995,900 3,926,374 3,929,074 Series 27 2,460,700 2,460,700 2,431,350 2,431,350 Series 28 4,000,738 4,000,738 3,979,139 3,979,139 Series 29 3,991,800 3,991,800 3,911,725 3,923,225 Series 30 2,651,000 2,651,000 2,621,200 2,621,200 Series 31 4,417,857 4,417,857 4,375,757 4,375,757 Series 32 4,754,198 4,754,198 4,706,298 4,715,798 Series 33 2,636,533 2,636,533 2,605,833 2,606,833 Series 34 3,529,319 3,529,319 3,474,319 3,477,719 Series 35 3,300,463 3,300,463 3,277,913 3,277,913 Series 36 2,106,838 2,106,838 2,083,704 2,083,704 Series 37 2,512,500 2,512,500 2,489,100 2,489,100 Series 38 2,543,100 2,543,100 2,536,200 2,536,200 Series 39 2,292,151 2,292,151 2,288,351 2,288,351 Series 40 2,630,256 2,630,256 2,611,356 2,611,356 Series 41 2,891,626 2,891,626 2,865,176 2,867,676 Series 42 2,744,262 2,744,262 2,706,362 2,716,362 Series 43 3,637,987 3,637,987 3,617,987 3,617,987 Series 44 2,701,973 2,701,973 2,682,873 2,687,173 Series 45 4,014,367 4,014,367 3,989,967 3,996,467 Series 46 2,980,998 2,980,998 2,965,635 2,965,635 83,651,080 83,651,080 82,874,653 82,926,053 |
Schedule of weighted average number of units used in calculating net loss per beneficial assignee certificate | The weighted average number of units in each series at March 31, 2021 and 2020 are as follows: 2021 2020 Series 20 3,828,200 3,828,200 Series 21 1,879,500 1,879,500 Series 22 2,550,145 2,550,145 Series 23 3,303,327 3,303,327 Series 24 2,150,053 2,150,053 Series 25 3,016,809 3,016,809 Series 26 3,928,399 3,949,774 Series 27 2,431,350 2,431,350 Series 28 3,979,139 3,979,139 Series 29 3,920,350 3,938,000 Series 30 2,621,200 2,621,200 Series 31 4,375,757 4,375,757 Series 32 4,713,423 4,722,173 Series 33 2,606,583 2,617,783 Series 34 3,476,869 3,491,744 Series 35 3,277,913 3,277,913 Series 36 2,083,704 2,083,704 Series 37 2,489,100 2,489,100 Series 38 2,536,200 2,536,200 Series 39 2,288,351 2,288,351 Series 40 2,611,356 2,611,356 Series 41 2,867,051 2,871,239 Series 42 2,713,862 2,721,237 Series 43 3,617,987 3,625,112 Series 44 2,686,098 2,688,673 Series 45 3,994,842 4,004,492 Series 46 2,965,635 2,965,635 82,913,203 83,017,966 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
RELATED PARTY TRANSACTIONS | |
Schedule of fund management fee and reporting fee | The Fund originally incurred an annual fund management fee to Boston Capital Asset Management Limited Partnership, a former affiliate of the general partner. As part of the sale disclosed in Note A, the fund management fee is now payable to BF Garden Companion Limited Partnership (formerly known as Boston Capital Companion Limited Partnership), an affiliate of the general partner as of December 15, 2020, in an amount equal to .5 percent of the aggregate cost of the apartment complexes owned by the operating limited partnerships, less the amount of certain asset management and reporting fees paid by the operating limited partnerships. The fund management fees earned and the reporting fees paid by the operating limited partners for the years ended March 2021 and 2020 are as follows: 2021 Gross Fund Asset Management and Fund Management Fee net of Asset Management Fee Reporting Fee Management and Reporting Fee Series 20 $ — $ — $ — Series 21 — — — Series 22 — — — Series 23 — — — Series 24 — — — Series 25 — — — Series 26 15,044 — 15,044 Series 27 — — — Series 28 — — — Series 29 21,752 — 21,752 Series 30 — — — Series 31 — — — Series 32 50,243 13,516 36,727 Series 33 34,323 13,516 20,807 Series 34 24,102 4,200 19,902 Series 35 — — — Series 36 — — — Series 37 — — — Series 38 — — — Series 39 — — — Series 40 — — — Series 41 107,516 18,082 89,434 Series 42 55,995 3,129 52,866 Series 43 45,534 13,296 32,238 Series 44 121,260 30,907 90,353 Series 45 135,226 37,353 97,873 Series 46 185,830 14,678 171,152 $ 796,825 $ 148,677 $ 648,148 2020 Fund Management Fee net of Asset Gross Fund Asset Management and Management and Reporting Management Fee Reporting Fee Fee Series 20 $ — $ — $ — Series 21 — — — Series 22 — — — Series 23 — — — Series 24 28,397 2,356 26,041 Series 25 — — — Series 26 45,474 1,000 44,474 Series 27 21,000 6,380 14,620 Series 28 20,112 2,000 18,112 Series 29 29,040 4,566 24,474 Series 30 — — — Series 31 4,308 70,826 (66,518) Series 32 74,518 13,000 61,518 Series 33 46,188 20,920 25,268 Series 34 40,344 3,000 37,344 Series 35 28,735 3,200 25,535 Series 36 10,650 — 10,650 Series 37 — — — Series 38 22,065 3,000 19,065 Series 39 — — — Series 40 52,310 7,380 44,930 Series 41 134,220 29,355 104,865 Series 42 92,228 3,460 88,768 Series 43 98,207 11,231 86,976 Series 44 192,805 28,235 164,570 Series 45 233,935 24,327 209,608 Series 46 209,196 47,404 161,792 $ 1,383,732 $ 281,640 $ 1,102,092 |
Schedule of management fees paid | The fund management fees paid for the years ended March 31, 2021 and 2020, are as follows: 2021 2020 Series 20 $ — $ — Series 21 — — Series 22 — — Series 23 — — Series 24 — 28,397 Series 25 — — Series 26 12,845 45,474 Series 27 — 21,000 Series 28 — 20,112 Series 29 — — Series 30 — — Series 31 — 4,308 Series 32 128,907 209,532 Series 33 29,331 1,145,475 Series 34 — 284,500 Series 35 — 28,735 Series 36 — 10,650 Series 37 — — Series 38 — 22,065 Series 39 — — Series 40 — 2,276,523 Series 41 64,500 — Series 42 19,259 92,228 Series 43 45,534 266,466 Series 44 84,442 2,671,325 Series 45 742,389 216,448 Series 46 113,326 — $ 1,240,533 $ 7,343,238 |
Schedule of general administrative and professional fees | General and administrative expenses and professional fees incurred by Boston Capital Partners, Inc., Boston Capital Holdings Limited Partnership, and Boston Capital Asset Management Limited Partnership for each series for the years ended March 31, 2021 and 2020, charged to each series’ operations are as follows: 2021 2020 Series 20 $ — $ — Series 21 — — Series 22 — — Series 23 — — Series 24 — 53,742 Series 25 — — Series 26 14,497 19,282 Series 27 — 75,863 Series 28 — 56,652 Series 29 13,951 19,154 Series 30 — — Series 31 — 54,225 Series 32 14,483 19,051 Series 33 13,213 16,131 Series 34 13,771 17,491 Series 35 — 52,856 Series 36 — 51,100 Series 37 — — Series 38 — 53,075 Series 39 — — Series 40 — 58,885 Series 41 13,573 18,140 Series 42 13,362 17,263 Series 43 14,008 18,989 Series 44 13,363 16,847 Series 45 14,296 21,460 Series 46 13,508 18,852 $ 152,025 $ 659,058 |
INVESTMENTS IN OPERATING LIMI_2
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS | |
Schedule of operating partnerships within the fund | The number of operating limited partnerships in which the fund has limited partnership interests at March 31, 2021 and 2020 by series are as follows: 2021 2020 Series 20 — — Series 21 — — Series 22 — — Series 23 — — Series 24 — — Series 25 — — Series 26 1 3 Series 27 — — Series 28 — — Series 29 2 5 Series 30 — — Series 31 — — Series 32 1 3 Series 33 1 2 Series 34 1 2 Series 35 — — Series 36 — — Series 37 — — Series 38 — — Series 39 — — Series 40 — — Series 41 2 8 Series 42 2 6 Series 43 — 11 Series 44 2 3 Series 45 11 13 Series 46 10 12 33 68 |
Schedule of dispositions by series | During the year ended March 31, 2021 the Fund disposed of thirty-five Operating Partnerships. Gain on disposition is included in share of income (losses) from operating limited partnerships. A summary of the dispositions by Series for March 31, 2021 is as follows. Operating Partnership Sale of Underlying Partnership Proceeds Gain on Interest Transferred Operating Partnership from Disposition * Disposition Series 26 2 — 18,800 18,800 Series 29 3 — 44,500 44,500 Series 32 1 1 2,571,228 2,571,228 Series 33 — 1 2,492,020 2,492,020 Series 34 1 — 20,800 20,800 Series 41 6 — 98,100 98,100 Series 42 3 1 722,200 722,454 Series 43 11 — 186,635 186,635 Series 44 1 — 612,172 612,172 Series 45 1 1 214,717 214,717 Series 46 2 — 113,326 113,326 Total 31 4 $ 7,094,498 $ 7,094,752 * During the year ended March 31, 2020 the Fund disposed of fifty-nine Operating Partnerships. Gain on disposition is included in share of income (losses) from operating limited partnerships. A summary of the dispositions by Series for March 31, 2020 is as follows. Operating Partnership Sale of Underlying Partnership Proceeds Gain on Interest Transferred Operating Partnership from Disposition * Disposition Series 24 4 — $ 278,516 $ 278,516 Series 26 5 — 109,433 109,433 Series 27 2 1 856,766 856,766 Series 28 4 — 73,248 73,248 Series 31 — 1 619,800 619,800 Series 32 2 — 158,324 159,553 Series 33 — 1 1,469,594 1,469,594 Series 34 2 — 284,500 284,500 Series 35 2 — 1,555,642 1,555,642 Series 36 1 1 581,982 581,982 Series 38 2 1 1,506,757 1,506,757 Series 40 6 1 2,962,372 2,962,474 Series 41 3 — 28,040 28,040 Series 42 3 — 401,094 401,094 Series 43 1 1 1,277,506 1,277,506 Series 44 2 2 3,092,325 3,092,325 Series 45 8 1 656,785 673,509 Series 46 2 — 43,000 43,000 Total 49 10 $ 15,955,684 $ 15,973,739 * 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 Partnership’s investment in the Operating Partnership. As a result, the amount of gain recognized for tax purposes may be significantly higher than the gain recorded in the financial statements. |
Schedule of contributions payable | Under the terms of the Fund’s investment in each operating limited partnership, the Fund is required to make capital contributions to the operating limited partnerships. These contributions are payable in installments over several years upon each operating limited partnership achieving specified levels of construction or operations. At March 31, 2021 and 2020, contributions are payable to operating limited partnerships as follows: 2021 2020 Series 20 $ — $ — Series 21 — — Series 22 — — Series 23 — — Series 24 — — Series 25 — — Series 26 — — Series 27 — — Series 28 — — Series 29 785 785 Series 30 — — Series 31 — — Series 32 — — Series 33 — — Series 34 — — Series 35 — — Series 36 — — Series 37 — — Series 38 — — Series 39 — — Series 40 — — Series 41 — — Series 42 — 254 Series 43 — — Series 44 — — Series 45 — — Series 46 — — $ 785 $ 1,039 |
Schedule of partnership's investments in operating limited partnerships. | The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Total Series 20 Series 21 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 45,625,907 $ — $ — Acquisition costs of operating limited partnerships 1,096,866 — — Cumulative distributions from operating limited partnerships (467,311) — — Cumulative impairment loss in investments in operating limited partnerships (27,975,615) — — Cumulative losses from operating limited partnerships (18,279,847) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). (11,711) — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). (288,550) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). 32,927 — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (11,383,230) — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). 33,460 — — Cumulative impairment loss in investments in operating limited partnerships 27,975,615 — — Other (1,111,465) — — Equity per operating limited partnerships’ combined financial statements $ 15,247,046 $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 22 Series 23 Series 24 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ — $ — Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships — — — Cumulative losses from operating limited partnerships — — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — — — Other — — — Equity per operating limited partnerships’ combined financial statements $ — $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 25 Series 26 Series 27 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 704,145 $ — Acquisition costs of operating limited partnerships — 109,460 — Cumulative distributions from operating limited partnerships — (3,223) — Cumulative impairment loss in investments in operating limited partnerships — (206,682) — Cumulative losses from operating limited partnerships — (603,700) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (763,435) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — 21,979 — Cumulative impairment loss in investments in operating limited partnerships — 206,682 — Other — (29,502) — Equity per operating limited partnerships’ combined financial statements $ — $ (564,276) $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 28 Series 29 Series 30 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 1,852,177 $ — Acquisition costs of operating limited partnerships — 266,798 — Cumulative distributions from operating limited partnerships — (9,500) — Cumulative impairment loss in investments in operating limited partnerships — (888,464) — Cumulative losses from operating limited partnerships — (1,221,011) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — 32,927 — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (1,157,917) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — 888,464 — Other — 5,610 — Equity per operating limited partnerships’ combined financial statements $ — $ (230,916) $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 31 Series 32 Series 33 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 1,501,914 $ 1,495,966 Acquisition costs of operating limited partnerships — 216,029 216,029 Cumulative distributions from operating limited partnerships — (33,444) (500) Cumulative impairment loss in investments in operating limited partnerships — (1,110,485) (790,713) Cumulative losses from operating limited partnerships — (574,014) (920,782) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (917,996) (784,846) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — 1,110,485 790,713 Other — (34,871) 7 Equity per operating limited partnerships’ combined financial statements $ — $ 157,618 $ 5,874 The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 34 Series 35 Series 36 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 2,097,333 $ — $ — Acquisition costs of operating limited partnerships 288,550 — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships (833,360) — — Cumulative losses from operating limited partnerships (1,552,523) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). (288,550) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (610,098) — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships 833,360 — — Other 2 — — Equity per operating limited partnerships’ combined financial statements $ (65,286) $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 37 Series 38 Series 39 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ — $ — Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships — — — Cumulative losses from operating limited partnerships — — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — — — Other — — — Equity per operating limited partnerships’ combined financial statements $ — $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 40 Series 41 Series 42 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 3,206,778 $ 581,332 Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — (2,772) (781) Cumulative impairment loss in investments in operating limited partnerships — (752,318) — Cumulative losses from operating limited partnerships — (2,451,688) (580,551) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — (7,500) (4,211) The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (1,623,678) (566,599) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — 752,318 — Other — (325,268) (34,441) Equity per operating limited partnerships’ combined financial statements $ — $ (1,204,128) $ (605,251) The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 43 Series 44 Series 45 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 3,095,765 $ 13,534,041 Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — (40,115) (192,410) Cumulative impairment loss in investments in operating limited partnerships — (2,550,560) (8,739,377) Cumulative losses from operating limited partnerships — (505,090) (4,602,254) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (15,841) (3,117,867) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — 11,481 Cumulative impairment loss in investments in operating limited partnerships — 2,550,560 8,739,377 Other — (147,290) (316,529) Equity per operating limited partnerships’ combined financial statements $ — $ 2,387,429 $ 5,316,462 The Fund’s investments in operating limited partnerships at March 31, 2021 are summarized as follows: Series 46 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 17,556,456 Acquisition costs of operating limited partnerships — Cumulative distributions from operating limited partnerships (184,566) Cumulative impairment loss in investments in operating limited partnerships (12,103,656) Cumulative losses from operating limited partnerships (5,268,234) Investments in operating limited partnerships per balance sheet — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2020 (see note A). — The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (1,824,953) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — Cumulative impairment loss in investments in operating limited partnerships 12,103,656 Other (229,183) Equity per operating limited partnerships’ combined financial statements $ 10,049,520 The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Total Series 20 Series 21 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 81,043,910 $ — $ — Acquisition costs of operating limited partnerships 2,559,129 — — Cumulative distributions from operating limited partnerships (542,452) — — Cumulative impairment loss in investments in operating limited partnerships (44,508,391) — — Cumulative losses from operating limited partnerships (38,552,196) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). (333,930) — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). (420,953) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). 39,537 — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (22,542,011) — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). 67,729 — — Cumulative impairment loss in investments in operating limited partnerships 44,508,391 — — Other (1,352,622) — — Equity per operating limited partnerships’ combined financial statements $ 19,966,141 $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 22 Series 23 Series 24 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ — $ — Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships — — — Cumulative losses from operating limited partnerships — — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — — — Other — — — Equity per operating limited partnerships’ combined financial statements $ — $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 25 Series 26 Series 27 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 1,013,198 $ — Acquisition costs of operating limited partnerships — 153,913 — Cumulative distributions from operating limited partnerships — (7,967) — Cumulative impairment loss in investments in operating limited partnerships — (206,682) — Cumulative losses from operating limited partnerships — (952,462) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (1,320,962) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — 21,979 — Cumulative impairment loss in investments in operating limited partnerships — 206,682 — Other — (35,425) — Equity per operating limited partnerships’ combined financial statements $ — $ (1,127,726) $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 28 Series 29 Series 30 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 2,959,240 $ — Acquisition costs of operating limited partnerships — 426,353 — Cumulative distributions from operating limited partnerships — (11,855) — Cumulative impairment loss in investments in operating limited partnerships — (1,417,478) — Cumulative losses from operating limited partnerships — (1,956,260) — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — (132,403) — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — 39,537 — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (2,031,117) — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — (316) — Cumulative impairment loss in investments in operating limited partnerships — 1,417,478 — Other — 103 — Equity per operating limited partnerships’ combined financial statements $ — $ (706,718) $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 31 Series 32 Series 33 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 8,272,229 $ 5,331,603 Acquisition costs of operating limited partnerships — 783,763 783,763 Cumulative distributions from operating limited partnerships — (36,114) (3,170) Cumulative impairment loss in investments in operating limited partnerships — (5,642,191) (4,047,088) Cumulative losses from operating limited partnerships — (3,377,687) (2,065,108) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — (158,952) (81,443) The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (3,083,606) (1,642,948) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — 29,991 — Cumulative impairment loss in investments in operating limited partnerships — 5,642,191 4,047,088 Other — (79,093) (13,010) Equity per operating limited partnerships’ combined financial statements $ — $ 2,350,531 $ 2,309,687 The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 34 Series 35 Series 36 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ 2,850,695 $ — $ — Acquisition costs of operating limited partnerships 411,337 — — Cumulative distributions from operating limited partnerships (10,944) — — Cumulative impairment loss in investments in operating limited partnerships (1,212,863) — — Cumulative losses from operating limited partnerships (2,038,225) — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). (288,550) — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). (1,174,852) — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships 1,212,863 — — Other (19,374) — — Equity per operating limited partnerships’ combined financial statements $ (269,913) $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 37 Series 38 Series 39 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ — $ — Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — — — Cumulative impairment loss in investments in operating limited partnerships — — — Cumulative losses from operating limited partnerships — — — Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — — — The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — — — The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — — — Other — — — Equity per operating limited partnerships’ combined financial statements $ — $ — $ — The Fund’s investments in operating limited partnerships at March 31, 2020 are summarized as follows: Series 40 Series 41 Series 42 Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs $ — $ 5,661,559 $ 5,205,387 Acquisition costs of operating limited partnerships — — — Cumulative distributions from operating limited partnerships — (28,546) (4,631) Cumulative impairment loss in investments in operating limited partnerships — (1,610,548) (1,300,734) Cumulative losses from operating limited partnerships — (4,022,465) (3,900,022) Investments in operating limited partnerships per balance sheet — — — The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2020 which have not been included in the partnership’s capital account included in the operating limited partnerships’ financial statements as of December 31, 2019 (see note A). — (7,500) (76,678) The Fund has recorded acquisition costs at March 31, 2020 which have not been recorded in the net assets of the operating limited partnerships (see note A). — — — Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). — — — Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). — (2,589,127) (3,668,706) The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). — — — Cumulative impairment loss in investments in operating limited partnerships — 1,610,548 1,300,734 Other — (470,529) (70,626) Equity per operating limited partnerships’ combined financial |
Schedule of combined summarized balance sheets of the operating limited partnerships. | The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS Total Series 20 Series 21 ASSETS Buildings and improvements, net of accumulated depreciation $ 58,100,481 $ — $ — Land 9,140,743 — — Other assets 12,769,297 — — $ 80,010,521 $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ 61,595,513 $ — $ — Accounts payable and accrued expenses 3,238,584 — — Other liabilities 6,052,304 — — 70,886,401 — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. 15,247,046 — — Other partners (6,122,926) — — 9,124,120 — — $ 80,010,521 $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 22 Series 23 Series 24 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ — $ — Land — — — Other assets — — — $ — $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ — $ — Accounts payable and accrued expenses — — — Other liabilities — — — — — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — — — Other partners — — — — — — $ — $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 25 Series 26 Series 27 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 697,635 $ — Land — 52,272 — Other assets — 112,648 — $ — $ 862,555 $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 1,070,448 $ — Accounts payable and accrued expenses — 93,085 — Other liabilities — 325,434 — — 1,488,967 — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — (564,276) — Other partners — (62,136) — — (626,412) — $ — $ 862,555 $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 28 Series 29 Series 30 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 1,422,477 $ — Land — 12,000 — Other assets — 466,565 — $ — $ 1,901,042 $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 1,826,315 $ — Accounts payable and accrued expenses — 106,791 — Other liabilities — 453,193 — — 2,386,299 — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — (230,916) — Other partners — (254,341) — — (485,257) — $ — $ 1,901,042 $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 31 Series 32 Series 33 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 921,333 $ 847,401 Land — 60,400 175,500 Other assets — 376,891 239,177 $ — $ 1,358,624 $ 1,262,078 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 623,725 $ 1,205,104 Accounts payable and accrued expenses — 629,491 11,821 Other liabilities — 46,249 62,064 — 1,299,465 1,278,989 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — 157,618 5,874 Other partners — (98,459) (22,785) — 59,159 (16,911) $ — $ 1,358,624 $ 1,262,078 The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 34 Series 35 Series 36 ASSETS Buildings and improvements, net of accumulated depreciation $ 1,539,529 $ — $ — Land 142,576 — — Other assets 452,343 — — $ 2,134,448 $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ 1,654,958 $ — $ — Accounts payable and accrued expenses 59,077 — — Other liabilities 485,916 — — 2,199,951 — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. (65,286) — — Other partners (217) — — (65,503) — — $ 2,134,448 $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 37 Series 38 Series 39 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ — $ — Land — — — Other assets — — — $ — $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ — $ — Accounts payable and accrued expenses — — — Other liabilities — — — — — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — — — Other partners — — — — — — $ — $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 40 Series 41 Series 42 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 6,425,891 $ 6,414,854 Land — 2,225,961 2,076,707 Other assets — 1,889,844 1,511,601 $ — $ 10,541,696 $ 10,003,162 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 12,064,213 $ 12,467,987 Accounts payable and accrued expenses — 753,367 748,588 Other liabilities — 257,002 309,929 — 13,074,582 13,526,504 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — (1,204,128) (605,251) Other partners — (1,328,758) (2,918,091) — (2,532,886) (3,523,342) $ — $ 10,541,696 $ 10,003,162 The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 43 Series 44 Series 45 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 3,619,725 $ 13,619,763 Land — 634,735 2,021,533 Other assets — 458,109 3,633,550 $ — $ 4,712,569 $ 19,274,846 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 4,426,968 $ 11,744,364 Accounts payable and accrued expenses — 121,936 248,449 Other liabilities — 50,189 1,791,931 — 4,599,093 13,784,744 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — 2,387,429 5,316,462 Other partners — (2,273,953) 173,640 — 113,476 5,490,102 $ — $ 4,712,569 $ 19,274,846 The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 46 ASSETS Buildings and improvements, net of accumulated depreciation $ 22,591,873 Land 1,739,059 Other assets 3,628,569 $ 27,959,501 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ 14,511,431 Accounts payable and accrued expenses 465,979 Other liabilities 2,270,397 17,247,807 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. 10,049,520 Other partners 662,174 10,711,694 $ 27,959,501 The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS Total Series 20 Series 21 ASSETS Buildings and improvements, net of accumulated depreciation $ 110,385,267 $ — $ — Land 13,190,867 — — Other assets 21,424,583 — — $ 145,000,717 $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ 109,360,346 $ — $ — Accounts payable and accrued expenses 5,843,383 — — Other liabilities 11,583,141 — — 126,786,870 — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. 19,966,141 — — Other partners (1,752,294) — — 18,213,847 — — $ 145,000,717 $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 22 Series 23 Series 24 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ — $ — Land — — — Other assets — — — $ — $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ — $ — Accounts payable and accrued expenses — — — Other liabilities — — — — — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — — — Other partners — — — — — — $ — $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 25 Series 26 Series 27 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 1,101,308 $ — Land — 159,483 — Other assets — 168,013 — $ — $ 1,428,804 $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 1,987,848 $ — Accounts payable and accrued expenses — 240,908 — Other liabilities — 398,735 — — 2,627,491 — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — (1,127,726) — Other partners — (70,961) — — (1,198,687) — $ — $ 1,428,804 $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 28 Series 29 Series 30 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 2,748,531 $ — Land — 87,498 — Other assets — 654,906 — $ — $ 3,490,935 $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 3,234,686 $ — Accounts payable and accrued expenses — 436,475 — Other liabilities — 883,162 — — 4,554,323 — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — (706,718) — Other partners — (356,670) — — (1,063,388) — $ — $ 3,490,935 $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 31 Series 32 Series 33 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 8,125,500 $ 6,743,782 Land — 682,958 798,058 Other assets — 1,641,003 1,082,963 $ — $ 10,449,461 $ 8,624,803 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 4,655,156 $ 3,948,744 Accounts payable and accrued expenses — 766,899 143,361 Other liabilities — 768,974 183,880 — 6,191,029 4,275,985 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — 2,350,531 2,309,687 Other partners — 1,907,901 2,039,131 — 4,258,432 4,348,818 $ — $ 10,449,461 $ 8,624,803 The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 34 Series 35 Series 36 ASSETS Buildings and improvements, net of accumulated depreciation $ 2,184,415 $ — $ — Land 177,576 — — Other assets 1,066,438 — — $ 3,428,429 $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ 2,670,372 $ — $ — Accounts payable and accrued expenses 82,137 — — Other liabilities 1,035,294 — — 3,787,803 — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. (269,913) — — Other partners (89,461) — — (359,374) — — $ 3,428,429 $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 37 Series 38 Series 39 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ — $ — Land — — — Other assets — — — $ — $ — $ — LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ — $ — Accounts payable and accrued expenses — — — Other liabilities — — — — — — PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — — — Other partners — — — — — — $ — $ — $ — The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 40 Series 41 Series 42 ASSETS Buildings and improvements, net of accumulated depreciation $ — $ 8,974,718 $ 11,456,989 Land — 2,602,861 3,402,040 Other assets — 2,449,811 2,846,941 $ — $ 14,027,390 $ 17,705,970 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ — $ 15,618,657 $ 18,508,692 Accounts payable and accrued expenses — 823,684 1,921,315 Other liabilities — 427,520 1,470,697 — 16,869,861 21,900,704 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. — (1,456,608) (2,515,276) Other partners — (1,385,863) (1,679,458) — (2,842,471) (4,194,734) $ — $ 14,027,390 $ 17,705,970 The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 43 Series 44 Series 45 ASSETS Buildings and improvements, net of accumulated depreciation $ 10,125,330 $ 14,229,160 $ 19,040,478 Land 636,595 634,735 2,156,004 Other assets 2,361,417 1,645,128 3,825,721 $ 13,123,342 $ 16,509,023 $ 25,022,203 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ 10,179,278 $ 16,676,181 $ 15,496,844 Accounts payable and accrued expenses 332,258 222,985 442,798 Other liabilities 918,237 1,371,115 1,805,294 11,429,773 18,270,281 17,744,936 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. 2,354,877 1,998,921 6,193,598 Other partners (661,308) (3,760,179) 1,083,669 1,693,569 (1,761,258) 7,277,267 $ 13,123,342 $ 16,509,023 $ 25,022,203 The combined summarized balance sheets of the operating limited partnerships in which Series 20 through 46 hold an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED BALANCE SHEETS – CONTINUED Series 46 ASSETS Buildings and improvements, net of accumulated depreciation $ 25,655,056 Land 1,853,059 Other assets 3,682,242 31,190,357 LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT) Mortgages and construction loans payable $ 16,383,888 Accounts payable and accrued expenses 430,563 Other liabilities 2,320,233 19,134,684 PARTNERS’ CAPITAL (DEFICIT) BF Garden Tax Credit Fund IV L.P. 10,834,768 Other partners 1,220,905 12,055,673 $ 31,190,357 |
Schedule of summarized statement of operations in operating partnerships. | The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Total Series 20 Series 21 Revenue Rent $ 17,464,237 $ — $ — Interest and other 326,431 — — 17,790,668 — — Expenses Interest 3,123,807 — — Depreciation and amortization 3,557,319 — — Taxes and insurance 2,397,726 — — Repairs and maintenance 3,163,267 — — Operating expenses 4,888,522 — — Other expenses 889,336 — — 18,019,977 — — NET INCOME (LOSS) $ (229,309) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (1,016,981) $ — $ — Net income (loss) allocated to other partners $ 787,672 $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 22 Series 23 Series 24 Revenue Rent $ — $ — $ — Interest and other — — — — — — Expenses Interest — — — Depreciation and amortization — — — Taxes and insurance — — — Repairs and maintenance — — — Operating expenses — — — Other expenses — — — — — — NET INCOME (LOSS) $ — $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — $ — Net income (loss) allocated to other partners $ — $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 25 Series 26 Series 27 Revenue Rent $ — $ 177,187 $ — Interest and other — 858 — — 178,045 — Expenses Interest — 51,193 — Depreciation and amortization — 43,602 — Taxes and insurance — 32,678 — Repairs and maintenance — 19,266 — Operating expenses — 87,876 — Other expenses — 3,500 — — 238,115 — NET INCOME (LOSS) $ — $ (60,070) $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (59,470) $ — Net income (loss) allocated to other partners $ — $ (600) $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 28 Series 29 Series 30 Revenue Rent $ — $ 545,010 $ — Interest and other — 2,369 — — 547,379 — Expenses Interest — 84,772 — Depreciation and amortization — 87,831 — Taxes and insurance — 87,492 — Repairs and maintenance — 76,882 — Operating expenses — 312,081 — Other expenses — 12,496 — — 661,554 — NET INCOME (LOSS) $ — $ (114,175) $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (113,442) $ — Net income (loss) allocated to other partners $ — $ (733) $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 31 Series 32 Series 33 Revenue Rent $ — $ 172,726 $ 229,365 Interest and other — 3,570 12,549 — 176,296 241,914 Expenses Interest — 47,035 52,933 Depreciation and amortization — 51,664 47,069 Taxes and insurance — 41,692 36,228 Repairs and maintenance — 24,572 42,951 Operating expenses — 49,933 93,863 Other expenses — 8,000 8,000 — 222,896 281,044 NET INCOME (LOSS) $ — $ (46,600) $ (39,130) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (46,596) $ (39,126) Net income (loss) allocated to other partners $ — $ (4) $ (4) The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 34 Series 35 Series 36 Revenue Rent $ 571,640 $ — $ — Interest and other 22,239 — — 593,879 — — Expenses Interest 86,703 — — Depreciation and amortization 85,277 — — Taxes and insurance 87,123 — — Repairs and maintenance 147,049 — — Operating expenses 128,666 — — Other expenses — — — 534,818 — — NET INCOME (LOSS) $ 59,061 $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — $ — Net income (loss) allocated to other partners $ 59,061 $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 37 Series 38 Series 39 Revenue Rent $ — $ — $ — Interest and other — — — — — — Expenses Interest — — — Depreciation and amortization — — — Taxes and insurance — — — Repairs and maintenance — — — Operating expenses — — — Other expenses — — — — — — NET INCOME (LOSS) $ — $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — $ — Net income (loss) allocated to other partners $ — $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 40 Series 41 Series 42 Revenue Rent $ — $ 2,706,449 $ 2,836,788 Interest and other — 45,667 44,609 — 2,752,116 2,881,397 Expenses Interest — 495,510 516,452 Depreciation and amortization — 416,032 466,359 Taxes and insurance — 406,234 410,842 Repairs and maintenance — 470,753 476,039 Operating expenses — 540,308 587,741 Other expenses — 295,000 295,000 — 2,623,837 2,752,433 NET INCOME (LOSS) $ — $ 128,279 $ 128,964 Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (60,389) $ (32,717) Net income (loss) allocated to other partners $ — $ 188,668 $ 161,681 The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 43 Series 44 Series 45 Revenue Rent $ — $ 1,517,404 $ 3,781,384 Interest and other — 18,415 51,536 — 1,535,819 3,832,920 Expenses Interest — 326,469 496,261 Depreciation and amortization — 312,412 972,175 Taxes and insurance — 136,651 419,382 Repairs and maintenance — 233,493 873,506 Operating expenses — 300,755 1,323,814 Other expenses — 62,466 164,823 — 1,372,246 4,249,961 NET INCOME (LOSS) $ — $ 163,573 $ (417,041) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — $ (420,788) Net income (loss) allocated to other partners $ — $ 163,573 $ 3,747 The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2020 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2020 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 46 Revenue Rent $ 4,926,284 Interest and other 124,619 5,050,903 Expenses Interest 966,479 Depreciation and amortization 1,074,898 Taxes and insurance 739,404 Repairs and maintenance 798,756 Operating expenses 1,463,485 Other expenses 40,051 5,083,073 NET INCOME (LOSS) $ (32,170) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (244,453) Net income (loss) allocated to other partners $ 212,283 The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Total Series 20 Series 21 Revenue Rent $ 30,036,647 $ — $ — Interest and other 665,490 — — 30,702,137 — — Expenses Interest 5,146,027 — — Depreciation and amortization 6,695,956 — — Taxes and insurance 3,793,352 — — Repairs and maintenance 6,156,726 — — Operating expenses 9,801,477 — — Other expenses 1,028,598 — — 32,622,136 — — NET INCOME (LOSS) $ (1,919,999) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (2,814,449) $ — $ — Net income (loss) allocated to other partners $ 894,450 $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 22 Series 23 Series 24 Revenue Rent $ — $ — $ — Interest and other — — — — — — Expenses Interest — — — Depreciation and amortization — — — Taxes and insurance — — — Repairs and maintenance — — — Operating expenses — — — Other expenses — — — — — — NET INCOME (LOSS) $ — $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — $ — Net income (loss) allocated to other partners $ — $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 25 Series 26 Series 27 Revenue Rent $ — $ 434,278 $ — Interest and other — 4,898 — — 439,176 — Expenses Interest — 54,664 — Depreciation and amortization — 110,311 — Taxes and insurance — 77,697 — Repairs and maintenance — 180,683 — Operating expenses — 180,042 — Other expenses — 7,560 — — 610,957 — NET INCOME (LOSS) $ — $ (171,781) $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (170,064) $ — Net income (loss) allocated to other partners $ — $ (1,717) $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 28 Series 29 Series 30 Revenue Rent $ — $ 922,559 $ — Interest and other — 27,507 — — 950,066 — Expenses Interest — 143,610 — Depreciation and amortization — 175,389 — Taxes and insurance — 147,706 — Repairs and maintenance — 197,655 — Operating expenses — 455,263 — Other expenses — 24,726 — — 1,144,349 — NET INCOME (LOSS) $ — $ (194,283) $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (193,368) $ — Net income (loss) allocated to other partners $ — $ (915) $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 31 Series 32 Series 33 Revenue Rent $ — $ 1,842,454 $ 1,570,462 Interest and other — 36,665 48,851 — 1,879,119 1,619,313 Expenses Interest — 271,634 244,294 Depreciation and amortization — 493,590 337,494 Taxes and insurance — 219,327 170,046 Repairs and maintenance — 395,820 309,538 Operating expenses — 834,017 674,416 Other expenses — 51,451 35,437 — 2,265,839 1,771,225 NET INCOME (LOSS) $ — $ (386,720) $ (151,912) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (335,845) $ (103,077) Net income (loss) allocated to other partners $ — $ (50,875) $ (48,835) The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 34 Series 35 Series 36 Revenue Rent $ 653,447 $ — $ — Interest and other 22,681 — — 676,128 — — Expenses Interest 99,930 — — Depreciation and amortization 152,996 — — Taxes and insurance 114,300 — — Repairs and maintenance 239,665 — — Operating expenses 207,821 — — Other expenses — — — 814,712 — — NET INCOME (LOSS) $ (138,584) $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (137,805) $ — $ — Net income (loss) allocated to other partners $ (779) $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 37 Series 38 Series 39 Revenue Rent $ — $ — $ — Interest and other — — — — — — Expenses Interest — — — Depreciation and amortization — — — Taxes and insurance — — — Repairs and maintenance — — — Operating expenses — — — Other expenses — — — — — — NET INCOME (LOSS) $ — $ — $ — Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ — $ — Net income (loss) allocated to other partners $ — $ — $ — The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 40 Series 41 Series 42 Revenue Rent $ — $ 3,476,801 $ 4,256,141 Interest and other — 84,341 117,531 — 3,561,142 4,373,672 Expenses Interest — 619,566 831,995 Depreciation and amortization — 649,518 842,214 Taxes and insurance — 512,768 648,491 Repairs and maintenance — 620,024 920,712 Operating expenses — 875,654 1,099,224 Other expenses — 290,099 296,399 — 3,567,629 4,639,035 NET INCOME (LOSS) $ — $ (6,487) $ (265,363) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ — $ (200,154) $ (429,081) Net income (loss) allocated to other partners $ — $ 193,667 $ 163,718 The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 43 Series 44 Series 45 Revenue Rent $ 2,654,575 $ 4,266,865 $ 4,835,984 Interest and other 72,588 51,303 89,752 2,727,163 4,318,168 4,925,736 Expenses Interest 224,123 1,027,876 674,644 Depreciation and amortization 730,170 789,024 1,187,574 Taxes and insurance 371,946 172,611 585,909 Repairs and maintenance 660,023 521,338 1,255,834 Operating expenses 1,099,034 1,096,624 1,706,299 Other expenses 26,774 36,073 184,634 3,112,070 3,643,546 5,594,894 NET INCOME (LOSS) $ (384,907) $ 674,622 $ (669,158) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (187,992) $ — $ (647,523) Net income (loss) allocated to other partners $ (196,915) $ 674,622 $ (21,635) The combined summarized statements of operations of the operating limited partnerships for the year ended December 31, 2019 for operating limited partnerships in which Series 20 through Series 46 had an interest as of December 31, 2019 are as follows: COMBINED SUMMARIZED STATEMENTS OF OPERATIONS Series 46 Revenue Rent $ 5,123,081 Interest and other 109,373 5,232,454 Expenses Interest 953,691 Depreciation and amortization 1,227,676 Taxes and insurance 772,551 Repairs and maintenance 855,434 Operating expenses 1,573,083 Other expenses 75,445 5,457,880 NET INCOME (LOSS) $ (225,426) Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. $ (409,540) Net income (loss) allocated to other partners $ 184,114 |
RECONCILIATION OF FINANCIAL S_2
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Tables) | 12 Months Ended |
Mar. 31, 2021 | |
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN | |
Schedule of fund's net income (loss) for Financial reporting and tax return purposes | For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Total Series 20 Series 21 Net income (loss) for financial reporting purposes $ 6,119,815 $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes (443,708) — — Other 6,952,259 — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (1,016,981) — — Excess of tax depreciation over book depreciation on operating limited partnership assets (581,710) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (15,102,308) — — Income (loss) for tax return purposes, December 31, 2020 $ (4,072,633) $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 22 Series 23 Series 24 Net income (loss) for financial reporting purposes $ — $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — — — Income (loss) for tax return purposes, December 31, 2020 $ — $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 25 Series 26 Series 27 Net income (loss) for financial reporting purposes $ — $ (47,101) $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 2,199 — Other — (5,000) — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (59,470) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (19,425) — Difference due to fiscal year for book purposes and calendar year for tax purposes — 588,301 — Income (loss) for tax return purposes, December 31, 2020 $ — $ 459,504 $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 28 Series 29 Series 30 Net income (loss) for financial reporting purposes $ — $ (12,814) $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 21,752 — Other — 795,988 — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (113,442) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (21,314) — Difference due to fiscal year for book purposes and calendar year for tax purposes — (177,887) — Income (loss) for tax return purposes, December 31, 2020 $ — $ 492,283 $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 31 Series 32 Series 33 Net income (loss) for financial reporting purposes $ — $ 2,525,949 $ 2,473,777 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — (78,664) 4,992 Other — 51,192 (113,274) Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (46,596) (39,126) Excess of tax depreciation over book depreciation on operating limited partnership assets — (23,481) (21,393) Difference due to fiscal year for book purposes and calendar year for tax purposes — (2,901,083) (2,680,668) Income (loss) for tax return purposes, December 31, 2020 $ — $ (472,683) $ (375,692) For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 34 Series 35 Series 36 Net income (loss) for financial reporting purposes $ (43,305) $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes 24,102 — — Other 212,099 — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets (33,633) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (464,227) — — Income (loss) for tax return purposes, December 31, 2020 $ (304,964) $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 37 Series 38 Series 39 Net income (loss) for financial reporting purposes $ — $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — — — Income (loss) for tax return purposes, December 31, 2020 $ — $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 40 Series 41 Series 42 Net income (loss) for financial reporting purposes $ — $ 13,924 $ 663,263 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 43,016 36,736 Other — 928,089 2,509,690 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (60,389) (32,717) Excess of tax depreciation over book depreciation on operating limited partnership assets — (77,697) 17,338 Difference due to fiscal year for book purposes and calendar year for tax purposes — (308,905) (1,205,766) Income (loss) for tax return purposes, December 31, 2020 $ — $ 538,038 $ 1,988,544 For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 43 Series 44 Series 45 Net income (loss) for financial reporting purposes $ 50,372 $ 488,406 $ 57,082 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 36,818 (607,163) Other — 1,039,883 1,172,973 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — (420,788) Excess of tax depreciation over book depreciation on operating limited partnership assets — (21,425) (114,692) Difference due to fiscal year for book purposes and calendar year for tax purposes (2,400,109) (4,075,446) (924,247) Income (loss) for tax return purposes, December 31, 2020 $ (2,349,737) $ (2,531,764) $ (836,835) For income tax purposes, the Fund reports using a December 31 year end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2021 is reconciled as follows: Series 46 Net income (loss) for financial reporting purposes $ (49,738) Accrued partnership fund management fee not deducted (deducted) for income tax purposes 72,504 Other 360,619 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (244,453) Excess of tax depreciation over book depreciation on operating limited partnership assets (265,988) Difference due to fiscal year for book purposes and calendar year for tax purposes (552,271) Income (loss) for tax return purposes, December 31, 2020 $ (679,327) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Total Series 20 Series 21 Net income (loss) for financial reporting purposes $ 14,270,637 $ — $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes (5,959,506) — — Other 8,470,252 — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (2,814,449) — — Excess of tax depreciation over book depreciation on operating limited partnership assets (1,133,884) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (12,427,166) — — Income (loss) for tax return purposes, December 31, 2019 $ 405,884 $ — $ — For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 22 Series 23 Series 24 Net income (loss) for financial reporting purposes $ — $ — $ 182,795 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — — 1,166,597 Income (loss) for tax return purposes, December 31, 2019 $ — $ — $ 1,349,392 For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 25 Series 26 Series 27 Net income (loss) for financial reporting purposes $ — $ 21,565 $ 818,126 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — 3,005,959 — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (170,064) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (19,425) — Difference due to fiscal year for book purposes and calendar year for tax purposes — (134,921) (356,028) Income (loss) for tax return purposes, December 31, 2019 $ — $ 2,703,114 $ 462,098 For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 28 Series 29 Series 30 Net income (loss) for financial reporting purposes $ (20,913) $ (68,538) $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — 29,040 — Other — (184,277) — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (193,368) — Excess of tax depreciation over book depreciation on operating limited partnership assets — (40,062) — Difference due to fiscal year for book purposes and calendar year for tax purposes 1,505,035 882 — Income (loss) for tax return purposes, December 31, 2019 $ 1,484,122 $ (456,323) $ — For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 31 Series 32 Series 33 Net income (loss) for financial reporting purposes $ 619,372 $ 57,220 $ 1,424,616 Accrued partnership fund management fee not deducted (deducted) for income tax purposes — (135,014) (1,099,287) Other — 468,816 939,990 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (335,845) (103,077) Excess of tax depreciation over book depreciation on operating limited partnership assets — (92,023) (89,921) Difference due to fiscal year for book purposes and calendar year for tax purposes (1,025,935) 13,737 (1,479,946) Income (loss) for tax return purposes, December 31, 2019 $ (406,563) $ (23,109) $ (407,625) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 34 Series 35 Series 36 Net income (loss) for financial reporting purposes $ 214,215 $ 1,497,913 $ 527,639 Accrued partnership fund management fee not deducted (deducted) for income tax purposes (244,156) — — Other (926,658) — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (137,805) — — Excess of tax depreciation over book depreciation on operating limited partnership assets (34,972) — — Difference due to fiscal year for book purposes and calendar year for tax purposes (83,946) 283,430 (729,548) Income (loss) for tax return purposes, December 31, 2019 $ (1,213,322) $ 1,781,343 $ (201,909) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 37 Series 38 Series 39 Net income (loss) for financial reporting purposes $ — $ 1,440,353 $ — Accrued partnership fund management fee not deducted (deducted) for income tax purposes — — — Other — — — Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — — — Excess of tax depreciation over book depreciation on operating limited partnership assets — — — Difference due to fiscal year for book purposes and calendar year for tax purposes — (5,726,487) — Income (loss) for tax return purposes, December 31, 2019 $ — $ (4,286,134) $ — For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 40 Series 41 Series 42 Net income (loss) for financial reporting purposes $ 2,844,772 $ (28,195) $ 307,410 Accrued partnership fund management fee not deducted (deducted) for income tax purposes (2,224,213) 134,220 — Other — 311,744 797,846 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting — (200,154) (429,081) Excess of tax depreciation over book depreciation on operating limited partnership assets — (68,992) (5,002) Difference due to fiscal year for book purposes and calendar year for tax purposes (1,750,784) (223,211) (519,859) Income (loss) for tax return purposes, December 31, 2019 $ (1,130,225) $ (74,588) $ 151,314 For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 43 Series 44 Series 45 Net income (loss) for financial reporting purposes $ 1,170,010 $ 2,918,827 $ 446,137 Accrued partnership fund management fee not deducted (deducted) for income tax purposes (168,259) (2,478,520) 17,487 Other 49,732 5,264,067 (1,617,953) Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (187,992) — (647,523) Excess of tax depreciation over book depreciation on operating limited partnership assets (88,202) (204,650) (181,016) Difference due to fiscal year for book purposes and calendar year for tax purposes (1,758,052) (531,052) (954,141) Income (loss) for tax return purposes, December 31, 2019 $ (982,763) $ 4,968,672 $ (2,937,009) For income tax purposes, the Fund reports using a December 31 year end. The fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2020 is reconciled as follows: Series 46 Net income (loss) for financial reporting purposes $ (102,687) Accrued partnership fund management fee not deducted (deducted) for income tax purposes 209,196 Other 360,986 Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting (409,540) Excess of tax depreciation over book depreciation on operating limited partnership assets (309,619) Difference due to fiscal year for book purposes and calendar year for tax purposes (122,937) Income (loss) for tax return purposes, December 31, 2019 $ (374,601) |
Schedule of investments in operating limited partnerships for tax purposes and financial statement purposes | The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Total Series 20 Series 21 Investments in operating limited partnerships - tax return December 31, 2020 $ 6,036,955 $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 11,383,230 — — Impairment loss in investment in operating limited partnerships (27,975,615) — — Less share of loss - three months ended March 31, 2021 (32,927) — — Other 10,588,357 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 22 Series 23 Series 24 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2021 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 25 Series 26 Series 27 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ (1,005,761) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 763,435 — Impairment loss in investment in operating limited partnerships — (206,682) — Less share of loss - three months ended March 31, 2021 — — — Other — 449,008 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 28 Series 29 Series 30 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ (917,349) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 1,157,917 — Impairment loss in investment in operating limited partnerships — (888,464) — Less share of loss - three months ended March 31, 2021 — (32,927) — Other — 680,823 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 31 Series 32 Series 33 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ 716,461 $ 508,277 Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 917,996 784,846 Impairment loss in investment in operating limited partnerships — (1,110,485) (790,713) Less share of loss - three months ended March 31, 2021 — — — Other — (523,972) (502,410) Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 34 Series 35 Series 36 Investments in operating limited partnerships - tax return December 31, 2020 $ (226,160) $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 610,098 — — Impairment loss in investment in operating limited partnerships (833,360) — — Less share of loss - three months ended March 31, 2021 — — — Other 449,422 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 37 Series 38 Series 39 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2021 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 40 Series 41 Series 42 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ (2,578,036) $ (258,255) Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 1,623,678 566,599 Impairment loss in investment in operating limited partnerships — (752,318) — Less share of loss - three months ended March 31, 2021 — — — Other — 1,706,676 (308,344) Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 43 Series 44 Series 45 Investments in operating limited partnerships - tax return December 31, 2020 $ — $ 910,108 $ 4,574,217 Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 15,841 3,117,867 Impairment loss in investment in operating limited partnerships — (2,550,560) (8,739,377) Less share of loss - three months ended March 31, 2021 — — — Other — 1,624,611 1,047,293 Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2021 are as follows: Series 46 Investments in operating limited partnerships - tax return December 31, 2020 $ 4,313,453 Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,824,953 Impairment loss in investment in operating limited partnerships (12,103,656) Less share of loss - three months ended March 31, 2021 — Other 5,965,250 Investments in operating limited partnerships - as reported $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Total Series 20 Series 21 Investments in operating limited partnerships - tax return December 31, 2019 $ 3,217,139 $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 22,542,011 — — Impairment loss in investment in operating limited partnerships (44,508,391) — — Less share of loss - three months ended March 31, 2020 (39,537) — — Other 18,788,778 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 22 Series 23 Series 24 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2020 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 25 Series 26 Series 27 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ (1,521,810) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 1,320,962 — Impairment loss in investment in operating limited partnerships — (206,682) — Less share of loss - three months ended March 31, 2020 — — — Other — 407,530 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 28 Series 29 Series 30 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ (1,496,498) $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 2,031,117 — Impairment loss in investment in operating limited partnerships — (1,417,478) — Less share of loss - three months ended March 31, 2020 — (39,537) — Other — 922,396 — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 31 Series 32 Series 33 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ 882,196 $ 721,147 Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 3,083,606 1,642,948 Impairment loss in investment in operating limited partnerships — (5,642,191) (4,047,088) Less share of loss - three months ended March 31, 2020 — — — Other — 1,676,389 1,682,993 Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 34 Series 35 Series 36 Investments in operating limited partnerships - tax return December 31, 2019 $ (379,040) $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,174,852 — — Impairment loss in investment in operating limited partnerships (1,212,863) — — Less share of loss - three months ended March 31, 2020 — — — Other 417,051 — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 37 Series 38 Series 39 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ — $ — Operating limited partnership losses not recognized for financial reporting purposes under the equity method — — — Impairment loss in investment in operating limited partnerships — — — Less share of loss - three months ended March 31, 2020 — — — Other — — — Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 40 Series 41 Series 42 Investments in operating limited partnerships - tax return December 31, 2019 $ — $ (3,250,279) $ (1,966,887) Operating limited partnership losses not recognized for financial reporting purposes under the equity method — 2,589,127 3,668,706 Impairment loss in investment in operating limited partnerships — (1,610,548) (1,300,734) Less share of loss - three months ended March 31, 2020 — — — Other — 2,271,700 (401,085) Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 43 Series 44 Series 45 Investments in operating limited partnerships - tax return December 31, 2019 $ 705,213 $ (5,206) $ 4,787,336 Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,398,524 291,269 3,416,071 Impairment loss in investment in operating limited partnerships (3,807,624) (2,438,129) (9,877,399) Less share of loss - three months ended March 31, 2020 — — — Other 1,703,887 2,152,066 1,673,992 Investments in operating limited partnerships - as reported $ — $ — $ — The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2020 are as follows: Series 46 Investments in operating limited partnerships - tax return December 31, 2019 $ 4,740,967 Operating limited partnership losses not recognized for financial reporting purposes under the equity method 1,924,829 Impairment loss in investment in operating limited partnerships (12,947,655) Less share of loss - three months ended March 31, 2020 — Other 6,281,859 Investments in operating limited partnerships - as reported $ — |
ORGANIZATION AND SUMMARY OF S_4
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - BACs issued and outstanding (Details) - shares | Mar. 31, 2021 | Mar. 31, 2020 |
Capital Unit | ||
Partners Capital Account Units Issued | 83,651,080 | 83,651,080 |
Partners Capital Account Units Outstanding | 82,874,653 | 82,926,053 |
Series Twenty [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,866,700 | 3,866,700 |
Partners Capital Account Units Outstanding | 3,828,200 | 3,828,200 |
Series Twenty One [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 1,892,700 | 1,892,700 |
Partners Capital Account Units Outstanding | 1,879,500 | 1,879,500 |
Series Twenty Two [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,564,400 | 2,564,400 |
Partners Capital Account Units Outstanding | 2,550,145 | 2,550,145 |
Series Twenty Three [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,336,727 | 3,336,727 |
Partners Capital Account Units Outstanding | 3,303,327 | 3,303,327 |
Series Twenty Four [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,169,878 | 2,169,878 |
Partners Capital Account Units Outstanding | 2,150,053 | 2,150,053 |
Series Twenty Five [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,026,109 | 3,026,109 |
Partners Capital Account Units Outstanding | 3,016,809 | 3,016,809 |
Series Twenty Six [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,995,900 | 3,995,900 |
Partners Capital Account Units Outstanding | 3,926,374 | 3,929,074 |
Series Twenty Seven [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,460,700 | 2,460,700 |
Partners Capital Account Units Outstanding | 2,431,350 | 2,431,350 |
Series Twenty Eight [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 4,000,738 | 4,000,738 |
Partners Capital Account Units Outstanding | 3,979,139 | 3,979,139 |
Series Twenty Nine [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,991,800 | 3,991,800 |
Partners Capital Account Units Outstanding | 3,911,725 | 3,923,225 |
Series Thirty [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,651,000 | 2,651,000 |
Partners Capital Account Units Outstanding | 2,621,200 | 2,621,200 |
Series Thirty One [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 4,417,857 | 4,417,857 |
Partners Capital Account Units Outstanding | 4,375,757 | 4,375,757 |
Series Thirty Two [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 4,754,198 | 4,754,198 |
Partners Capital Account Units Outstanding | 4,706,298 | 4,715,798 |
Series Thirty Three [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,636,533 | 2,636,533 |
Partners Capital Account Units Outstanding | 2,605,833 | 2,606,833 |
Series Thirty Four [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,529,319 | 3,529,319 |
Partners Capital Account Units Outstanding | 3,474,319 | 3,477,719 |
Series Thirty Five [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,300,463 | 3,300,463 |
Partners Capital Account Units Outstanding | 3,277,913 | 3,277,913 |
Series Thirty Six [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,106,838 | 2,106,838 |
Partners Capital Account Units Outstanding | 2,083,704 | 2,083,704 |
Series Thirty Seven [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,512,500 | 2,512,500 |
Partners Capital Account Units Outstanding | 2,489,100 | 2,489,100 |
Series Thirty Eight [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,543,100 | 2,543,100 |
Partners Capital Account Units Outstanding | 2,536,200 | 2,536,200 |
Series Thirty Nine [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,292,151 | 2,292,151 |
Partners Capital Account Units Outstanding | 2,288,351 | 2,288,351 |
Series Forty [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,630,256 | 2,630,256 |
Partners Capital Account Units Outstanding | 2,611,356 | 2,611,356 |
Series Forty One [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,891,626 | 2,891,626 |
Partners Capital Account Units Outstanding | 2,865,176 | 2,867,676 |
Series Forty Two [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,744,262 | 2,744,262 |
Partners Capital Account Units Outstanding | 2,706,362 | 2,716,362 |
Series Forty Three [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 3,637,987 | 3,637,987 |
Partners Capital Account Units Outstanding | 3,617,987 | 3,617,987 |
Series Forty Four [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,701,973 | 2,701,973 |
Partners Capital Account Units Outstanding | 2,682,873 | 2,687,173 |
Series Forty Five [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 4,014,367 | 4,014,367 |
Partners Capital Account Units Outstanding | 3,989,967 | 3,996,467 |
Series Forty Six [Member] | ||
Capital Unit | ||
Partners Capital Account Units Issued | 2,980,998 | 2,980,998 |
Partners Capital Account Units Outstanding | 2,965,635 | 2,965,635 |
ORGANIZATION AND SUMMARY OF S_5
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Weighted average number of units (Details) - shares | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 82,913,203 | 83,017,966 |
Series Twenty [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,828,200 | 3,828,200 |
Series Twenty One [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 1,879,500 | 1,879,500 |
Series Twenty Two [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,550,145 | 2,550,145 |
Series Twenty Three [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,303,327 | 3,303,327 |
Series Twenty Four [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,150,053 | 2,150,053 |
Series Twenty Five [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,016,809 | 3,016,809 |
Series Twenty Six [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,928,399 | 3,949,774 |
Series Twenty Seven [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,431,350 | 2,431,350 |
Series Twenty Eight [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,979,139 | 3,979,139 |
Series Twenty Nine [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,920,350 | 3,938,000 |
Series Thirty [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,621,200 | 2,621,200 |
Series Thirty One [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 4,375,757 | 4,375,757 |
Series Thirty Two [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 4,713,423 | 4,722,173 |
Series Thirty Three [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,606,583 | 2,617,783 |
Series Thirty Four [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,476,869 | 3,491,744 |
Series Thirty Five [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,277,913 | 3,277,913 |
Series Thirty Six [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,083,704 | 2,083,704 |
Series Thirty Seven [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,489,100 | 2,489,100 |
Series Thirty Eight [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,536,200 | 2,536,200 |
Series Thirty Nine [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,288,351 | 2,288,351 |
Series Forty [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,611,356 | 2,611,356 |
Series Forty One [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,867,051 | 2,871,239 |
Series Forty Two [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,713,862 | 2,721,237 |
Series Forty Three [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,617,987 | 3,625,112 |
Series Forty Four [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,686,098 | 2,688,673 |
Series Forty Five [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 3,994,842 | 4,004,492 |
Series Forty Six [Member] | ||
Calculation Of Net Loss Per Beneficial Assignee Partnership Unit Numerator and Denominator In Earnings Per Share [Line Items] | ||
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted | 2,965,635 | 2,965,635 |
ORGANIZATION AND SUMMARY OF S_6
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) | 12 Months Ended | |
Mar. 31, 2021USD ($)shares | Mar. 31, 2020USD ($)shares | |
Organization And Summary Of Significant Accounting Policy [Line Items] | ||
Limited Partners Capital Account Per Units | 10 | |
Units of limited partnership interest, authorized | shares | 101,500,000 | 101,500,000 |
Deferred Tax Assets, Valuation Allowance | $ | $ 7,893 | $ 7,893 |
Amortization Period Of Acquisition Costs Straight Line Method | 27 years 6 months | |
Tax Credit [Member] | ||
Organization And Summary Of Significant Accounting Policy [Line Items] | ||
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest | 99.00% | |
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 1.00% |
RELATED PARTY TRANSACTIONS - Ad
RELATED PARTY TRANSACTIONS - Advances from the affiliate of general partner (Details) | Dec. 31, 2020USD ($) |
RELATED PARTY TRANSACTIONS | |
Advances From The Affiliate Of General Partner | $ 235,634 |
RELATED PARTY TRANSACTIONS - Fu
RELATED PARTY TRANSACTIONS - Fund management fees accrued (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | $ 796,825 | $ 1,383,732 |
Asset Management and Reporting Fee | 148,677 | 281,640 |
Fund Management Fee net of Asset Management and Reporting Fee | 648,148 | 1,102,092 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Twenty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Twenty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Twenty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 28,397 |
Asset Management and Reporting Fee | 0 | 2,356 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | 26,041 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 15,044 | 45,474 |
Asset Management and Reporting Fee | 0 | 1,000 |
Fund Management Fee net of Asset Management and Reporting Fee | 15,044 | 44,474 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 21,000 |
Asset Management and Reporting Fee | 0 | 6,380 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | 14,620 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 20,112 |
Asset Management and Reporting Fee | 0 | 2,000 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | 18,112 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 21,752 | 29,040 |
Asset Management and Reporting Fee | 0 | 4,566 |
Fund Management Fee net of Asset Management and Reporting Fee | 21,752 | 24,474 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 4,308 |
Asset Management and Reporting Fee | 0 | 70,826 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | (66,518) |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 50,243 | 74,518 |
Asset Management and Reporting Fee | 13,516 | 13,000 |
Fund Management Fee net of Asset Management and Reporting Fee | 36,727 | 61,518 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 34,323 | 46,188 |
Asset Management and Reporting Fee | 13,516 | 20,920 |
Fund Management Fee net of Asset Management and Reporting Fee | 20,807 | 25,268 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 24,102 | 40,344 |
Asset Management and Reporting Fee | 4,200 | 3,000 |
Fund Management Fee net of Asset Management and Reporting Fee | 19,902 | 37,344 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 28,735 |
Asset Management and Reporting Fee | 0 | 3,200 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | 25,535 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 10,650 |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | 10,650 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 22,065 |
Asset Management and Reporting Fee | 0 | 3,000 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | 19,065 |
Series Thirty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | |
Asset Management and Reporting Fee | 0 | 0 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 0 | 52,310 |
Asset Management and Reporting Fee | 0 | 7,380 |
Fund Management Fee net of Asset Management and Reporting Fee | 0 | 44,930 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 107,516 | 134,220 |
Asset Management and Reporting Fee | 18,082 | 29,355 |
Fund Management Fee net of Asset Management and Reporting Fee | 89,434 | 104,865 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 55,995 | 92,228 |
Asset Management and Reporting Fee | 3,129 | 3,460 |
Fund Management Fee net of Asset Management and Reporting Fee | 52,866 | 88,768 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 45,534 | 98,207 |
Asset Management and Reporting Fee | 13,296 | 11,231 |
Fund Management Fee net of Asset Management and Reporting Fee | 32,238 | 86,976 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 121,260 | 192,805 |
Asset Management and Reporting Fee | 30,907 | 28,235 |
Fund Management Fee net of Asset Management and Reporting Fee | 90,353 | 164,570 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 135,226 | 233,935 |
Asset Management and Reporting Fee | 37,353 | 24,327 |
Fund Management Fee net of Asset Management and Reporting Fee | 97,873 | 209,608 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Gross Fund Management Fee | 185,830 | 209,196 |
Asset Management and Reporting Fee | 14,678 | 47,404 |
Fund Management Fee net of Asset Management and Reporting Fee | $ 171,152 | $ 161,792 |
RELATED PARTY TRANSACTIONS - _2
RELATED PARTY TRANSACTIONS - Fund management fees paid (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 1,240,533 | $ 7,343,238 |
Series Twenty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Twenty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Twenty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Twenty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Twenty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 28,397 |
Series Twenty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Twenty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 12,845 | 45,474 |
Series Twenty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 21,000 |
Series Twenty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 20,112 |
Series Twenty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Thirty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Thirty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 4,308 |
Series Thirty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 128,907 | 209,532 |
Series Thirty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 29,331 | 1,145,475 |
Series Thirty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 284,500 |
Series Thirty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 28,735 |
Series Thirty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 10,650 |
Series Thirty Seven [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Thirty Eight [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 22,065 |
Series Thirty Nine [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 0 |
Series Forty [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 0 | 2,276,523 |
Series Forty One [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 64,500 | 0 |
Series Forty Two [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 19,259 | 92,228 |
Series Forty Three [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 45,534 | 266,466 |
Series Forty Four [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 84,442 | 2,671,325 |
Series Forty Five [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | 742,389 | 216,448 |
Series Forty Six [Member] | ||
Related Party Transaction [Line Items] | ||
Fund management fees paid | $ 113,326 | $ 0 |
RELATED PARTY TRANSACTIONS - Ge
RELATED PARTY TRANSACTIONS - General administrative and professional fee (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | $ 152,025 | $ 659,058 |
Series Twenty [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Twenty One [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Twenty Two [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Twenty Three [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Twenty Four [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 53,742 |
Series Twenty Five [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Twenty Six [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 14,497 | 19,282 |
Series Twenty Seven [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 75,863 |
Series Twenty Eight [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 56,652 |
Series Twenty Nine [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 13,951 | 19,154 |
Series Thirty [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Thirty One [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 54,225 |
Series Thirty Two [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 14,483 | 19,051 |
Series Thirty Three [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 13,213 | 16,131 |
Series Thirty Four [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 13,771 | 17,491 |
Series Thirty Five [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 52,856 |
Series Thirty Six [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 51,100 |
Series Thirty Seven [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Thirty Eight [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 53,075 |
Series Thirty Nine [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | |
Series Forty [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 0 | 58,885 |
Series Forty One [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 13,573 | 18,140 |
Series Forty Two [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 13,362 | 17,263 |
Series Forty Three [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 14,008 | 18,989 |
Series Forty Four [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 13,363 | 16,847 |
Series Forty Five [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | 14,296 | 21,460 |
Series Forty Six [Member] | ||
General Administrative Expenses [Line Items] | ||
General Administrative and Professional Fee Amount Paid | $ 13,508 | $ 18,852 |
RELATED PARTY TRANSACTIONS - _3
RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($) | Mar. 31, 2021 | Mar. 31, 2020 |
RELATED PARTY TRANSACTIONS | ||
Accrued Management Fees | $ 12,664,070 | $ 13,107,778 |
INVESTMENTS IN OPERATING LIMI_3
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS - Operating Partnerships within the Fund (Details) - item | Mar. 31, 2021 | Mar. 31, 2020 |
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 33 | 68 |
Series Twenty [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty One [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Two [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Three [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Four [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Five [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Six [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 3 |
Series Twenty Seven [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Eight [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Twenty Nine [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 5 |
Series Thirty [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty One [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Two [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 3 |
Series Thirty Three [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 2 |
Series Thirty Four [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 1 | 2 |
Series Thirty Five [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Six [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Seven [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Eight [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Thirty Nine [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Forty [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 0 |
Series Forty One [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 8 |
Series Forty Two [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 6 |
Series Forty Three [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 0 | 11 |
Series Forty Four [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 2 | 3 |
Series Forty Five [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 11 | 13 |
Series Forty Six [Member] | ||
Number Of Operating Partnerships | ||
Number Of Operating Partnerships | 10 | 12 |
INVESTMENTS IN OPERATING LIMI_4
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS - Contributions payable (Details) - USD ($) | Mar. 31, 2021 | Mar. 31, 2020 |
Contributions Payable | ||
Capital contributions payable | $ 785 | $ 1,039 |
Series Twenty [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty One [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Two [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Three [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Four [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Five [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Six [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Seven [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Eight [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Twenty Nine [Member] | ||
Contributions Payable | ||
Capital contributions payable | 785 | 785 |
Series Thirty [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty One [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Two [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Three [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Four [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Five [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Six [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Seven [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Eight [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Thirty Nine [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Forty [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Forty One [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Forty Two [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 254 |
Series Forty Three [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Forty Four [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Forty Five [Member] | ||
Contributions Payable | ||
Capital contributions payable | 0 | 0 |
Series Forty Six [Member] | ||
Contributions Payable | ||
Capital contributions payable | $ 0 | $ 0 |
INVESTMENTS IN OPERATING LIMI_5
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS - Dispositions by series (Details) | 12 Months Ended | |
Mar. 31, 2021USD ($)item | Mar. 31, 2020USD ($)item | |
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 31 | 49 |
Sale of Underlying Operating Partnership | item | 4 | 10 |
Fund Proceeds (loss) from Disposition | $ 7,094,498 | $ 15,955,684 |
Fund Proceeds (loss) from Disposition | 7,094,498 | 15,955,684 |
Gain (loss) on Disposition | 7,094,752 | $ 15,973,739 |
Series Twenty Four [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 4 | |
Sale of Underlying Operating Partnership | item | 0 | |
Fund Proceeds (loss) from Disposition | $ 278,516 | |
Fund Proceeds (loss) from Disposition | $ 0 | 278,516 |
Gain (loss) on Disposition | $ 278,516 | |
Series Twenty Six [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 2 | 5 |
Sale of Underlying Operating Partnership | item | 0 | 0 |
Fund Proceeds (loss) from Disposition | $ 18,800 | $ 109,433 |
Fund Proceeds (loss) from Disposition | 18,800 | 109,433 |
Gain (loss) on Disposition | 18,800 | $ 109,433 |
Series Twenty Seven [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 2 | |
Sale of Underlying Operating Partnership | item | 1 | |
Fund Proceeds (loss) from Disposition | $ 856,766 | |
Fund Proceeds (loss) from Disposition | 0 | 856,766 |
Gain (loss) on Disposition | $ 856,766 | |
Series Twenty Eight [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 4 | |
Sale of Underlying Operating Partnership | item | 0 | |
Fund Proceeds (loss) from Disposition | $ 73,248 | |
Fund Proceeds (loss) from Disposition | $ 0 | 73,248 |
Gain (loss) on Disposition | 73,248 | |
Series Twenty Nine [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 3 | |
Sale of Underlying Operating Partnership | item | 0 | |
Fund Proceeds (loss) from Disposition | $ 44,500 | |
Fund Proceeds (loss) from Disposition | 44,500 | $ 0 |
Gain (loss) on Disposition | 44,500 | |
Series Thirty One [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 0 | |
Sale of Underlying Operating Partnership | item | 1 | |
Fund Proceeds (loss) from Disposition | $ 619,800 | |
Fund Proceeds (loss) from Disposition | $ 0 | 619,800 |
Gain (loss) on Disposition | $ 619,800 | |
Series Thirty Two [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | 2 |
Sale of Underlying Operating Partnership | item | 1 | 0 |
Fund Proceeds (loss) from Disposition | $ 2,571,228 | $ 158,324 |
Fund Proceeds (loss) from Disposition | 2,571,228 | 158,324 |
Gain (loss) on Disposition | $ 2,571,228 | $ 159,553 |
Series Thirty Three [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 0 | 0 |
Sale of Underlying Operating Partnership | item | 1 | 1 |
Fund Proceeds (loss) from Disposition | $ 2,492,020 | $ 1,469,594 |
Fund Proceeds (loss) from Disposition | 2,492,020 | 1,469,594 |
Gain (loss) on Disposition | $ 2,492,020 | $ 1,469,594 |
Series Thirty Four [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | 2 |
Sale of Underlying Operating Partnership | item | 0 | 0 |
Fund Proceeds (loss) from Disposition | $ 20,800 | $ 284,500 |
Fund Proceeds (loss) from Disposition | 20,800 | 284,500 |
Gain (loss) on Disposition | 20,800 | $ 284,500 |
Series Thirty Five [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 2 | |
Sale of Underlying Operating Partnership | item | 0 | |
Fund Proceeds (loss) from Disposition | $ 1,555,642 | |
Fund Proceeds (loss) from Disposition | 0 | 1,555,642 |
Gain (loss) on Disposition | $ 1,555,642 | |
Series Thirty Six [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | |
Sale of Underlying Operating Partnership | item | 1 | |
Fund Proceeds (loss) from Disposition | $ 581,982 | |
Fund Proceeds (loss) from Disposition | 0 | 581,982 |
Gain (loss) on Disposition | $ 581,982 | |
Series Thirty Eight [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 2 | |
Sale of Underlying Operating Partnership | item | 1 | |
Fund Proceeds (loss) from Disposition | $ 1,506,757 | |
Fund Proceeds (loss) from Disposition | 0 | 1,506,757 |
Gain (loss) on Disposition | $ 1,506,757 | |
Series Forty [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 6 | |
Sale of Underlying Operating Partnership | item | 1 | |
Fund Proceeds (loss) from Disposition | $ 2,962,372 | |
Fund Proceeds (loss) from Disposition | $ 0 | 2,962,372 |
Gain (loss) on Disposition | $ 2,962,474 | |
Series Forty One [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 6 | 3 |
Sale of Underlying Operating Partnership | item | 0 | 0 |
Fund Proceeds (loss) from Disposition | $ 98,100 | $ 28,040 |
Fund Proceeds (loss) from Disposition | 98,100 | 28,040 |
Gain (loss) on Disposition | $ 98,100 | $ 28,040 |
Series Forty Two [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 3 | 3 |
Sale of Underlying Operating Partnership | item | 1 | 0 |
Fund Proceeds (loss) from Disposition | $ 722,200 | $ 401,094 |
Fund Proceeds (loss) from Disposition | 722,200 | 401,094 |
Gain (loss) on Disposition | $ 722,454 | $ 401,094 |
Series Forty Three [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 11 | 1 |
Sale of Underlying Operating Partnership | item | 0 | 1 |
Fund Proceeds (loss) from Disposition | $ 186,635 | $ 1,277,506 |
Fund Proceeds (loss) from Disposition | 186,635 | 1,277,506 |
Gain (loss) on Disposition | $ 186,635 | $ 1,277,506 |
Series Forty Four [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | 2 |
Sale of Underlying Operating Partnership | item | 0 | 2 |
Fund Proceeds (loss) from Disposition | $ 612,172 | $ 3,092,325 |
Fund Proceeds (loss) from Disposition | 612,172 | 3,092,325 |
Gain (loss) on Disposition | $ 612,172 | $ 3,092,325 |
Series Forty Five [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 1 | 8 |
Sale of Underlying Operating Partnership | item | 1 | 1 |
Fund Proceeds (loss) from Disposition | $ 214,717 | $ 656,785 |
Fund Proceeds (loss) from Disposition | 214,717 | 656,785 |
Gain (loss) on Disposition | $ 214,717 | $ 673,509 |
Series Forty Six [Member] | ||
Dispositions By Series Disclosure | ||
Operating Partnership Interest Transferred | item | 2 | 2 |
Sale of Underlying Operating Partnership | item | 0 | 0 |
Fund Proceeds (loss) from Disposition | $ 113,326 | $ 43,000 |
Fund Proceeds (loss) from Disposition | 113,326 | 43,000 |
Gain (loss) on Disposition | $ 113,326 | $ 43,000 |
INVESTMENTS IN OPERATING LIMI_6
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS - Current financial results available for the Operating Partnerships (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues | ||
Rent | $ 17,464,237 | $ 30,036,647 |
Interest and other | 326,431 | 665,490 |
Operating Partnerships Revenues | 17,790,668 | 30,702,137 |
Expenses | ||
Interest | 3,123,807 | 5,146,027 |
Depreciation and amortization | 3,557,319 | 6,695,956 |
Taxes and insurance | 2,397,726 | 3,793,352 |
Repairs and maintenance | 3,163,267 | 6,156,726 |
Operating expenses | 4,888,522 | 9,801,477 |
Other expenses | 889,336 | 1,028,598 |
Operating Partnerships Total Expenses | 18,019,977 | 32,622,136 |
NET INCOME (LOSS) | (229,309) | (1,919,999) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (1,016,981) | (2,814,449) |
Net income (loss) allocated to other partners | 787,672 | 894,450 |
Series Twenty [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty One [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Two [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Three [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Four [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Five [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Six [Member] | ||
Revenues | ||
Rent | 177,187 | 434,278 |
Interest and other | 858 | 4,898 |
Operating Partnerships Revenues | 178,045 | 439,176 |
Expenses | ||
Interest | 51,193 | 54,664 |
Depreciation and amortization | 43,602 | 110,311 |
Taxes and insurance | 32,678 | 77,697 |
Repairs and maintenance | 19,266 | 180,683 |
Operating expenses | 87,876 | 180,042 |
Other expenses | 3,500 | 7,560 |
Operating Partnerships Total Expenses | 238,115 | 610,957 |
NET INCOME (LOSS) | (60,070) | (171,781) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (59,470) | (170,064) |
Net income (loss) allocated to other partners | (600) | (1,717) |
Series Twenty Seven [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Eight [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Twenty Nine [Member] | ||
Revenues | ||
Rent | 545,010 | 922,559 |
Interest and other | 2,369 | 27,507 |
Operating Partnerships Revenues | 547,379 | 950,066 |
Expenses | ||
Interest | 84,772 | 143,610 |
Depreciation and amortization | 87,831 | 175,389 |
Taxes and insurance | 87,492 | 147,706 |
Repairs and maintenance | 76,882 | 197,655 |
Operating expenses | 312,081 | 455,263 |
Other expenses | 12,496 | 24,726 |
Operating Partnerships Total Expenses | 661,554 | 1,144,349 |
NET INCOME (LOSS) | (114,175) | (194,283) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (113,442) | (193,368) |
Net income (loss) allocated to other partners | (733) | (915) |
Series Thirty [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty One [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Two [Member] | ||
Revenues | ||
Rent | 172,726 | 1,842,454 |
Interest and other | 3,570 | 36,665 |
Operating Partnerships Revenues | 176,296 | 1,879,119 |
Expenses | ||
Interest | 47,035 | 271,634 |
Depreciation and amortization | 51,664 | 493,590 |
Taxes and insurance | 41,692 | 219,327 |
Repairs and maintenance | 24,572 | 395,820 |
Operating expenses | 49,933 | 834,017 |
Other expenses | 8,000 | 51,451 |
Operating Partnerships Total Expenses | 222,896 | 2,265,839 |
NET INCOME (LOSS) | (46,600) | (386,720) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (46,596) | (335,845) |
Net income (loss) allocated to other partners | (4) | (50,875) |
Series Thirty Three [Member] | ||
Revenues | ||
Rent | 229,365 | 1,570,462 |
Interest and other | 12,549 | 48,851 |
Operating Partnerships Revenues | 241,914 | 1,619,313 |
Expenses | ||
Interest | 52,933 | 244,294 |
Depreciation and amortization | 47,069 | 337,494 |
Taxes and insurance | 36,228 | 170,046 |
Repairs and maintenance | 42,951 | 309,538 |
Operating expenses | 93,863 | 674,416 |
Other expenses | 8,000 | 35,437 |
Operating Partnerships Total Expenses | 281,044 | 1,771,225 |
NET INCOME (LOSS) | (39,130) | (151,912) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (39,126) | (103,077) |
Net income (loss) allocated to other partners | (4) | (48,835) |
Series Thirty Four [Member] | ||
Revenues | ||
Rent | 571,640 | 653,447 |
Interest and other | 22,239 | 22,681 |
Operating Partnerships Revenues | 593,879 | 676,128 |
Expenses | ||
Interest | 86,703 | 99,930 |
Depreciation and amortization | 85,277 | 152,996 |
Taxes and insurance | 87,123 | 114,300 |
Repairs and maintenance | 147,049 | 239,665 |
Operating expenses | 128,666 | 207,821 |
Other expenses | 0 | |
Operating Partnerships Total Expenses | 534,818 | 814,712 |
NET INCOME (LOSS) | 59,061 | (138,584) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | (137,805) |
Net income (loss) allocated to other partners | 59,061 | (779) |
Series Thirty Five [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Six [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Seven [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Eight [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Thirty Nine [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Forty [Member] | ||
Revenues | ||
Rent | 0 | 0 |
Interest and other | 0 | 0 |
Operating Partnerships Revenues | 0 | 0 |
Expenses | ||
Interest | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Taxes and insurance | 0 | 0 |
Repairs and maintenance | 0 | 0 |
Operating expenses | 0 | 0 |
Other expenses | 0 | 0 |
Operating Partnerships Total Expenses | 0 | 0 |
NET INCOME (LOSS) | 0 | 0 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | 0 |
Net income (loss) allocated to other partners | 0 | 0 |
Series Forty One [Member] | ||
Revenues | ||
Rent | 2,706,449 | 3,476,801 |
Interest and other | 45,667 | 84,341 |
Operating Partnerships Revenues | 2,752,116 | 3,561,142 |
Expenses | ||
Interest | 495,510 | 619,566 |
Depreciation and amortization | 416,032 | 649,518 |
Taxes and insurance | 406,234 | 512,768 |
Repairs and maintenance | 470,753 | 620,024 |
Operating expenses | 540,308 | 875,654 |
Other expenses | 295,000 | 290,099 |
Operating Partnerships Total Expenses | 2,623,837 | 3,567,629 |
NET INCOME (LOSS) | 128,279 | (6,487) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (60,389) | (200,154) |
Net income (loss) allocated to other partners | 188,668 | 193,667 |
Series Forty Two [Member] | ||
Revenues | ||
Rent | 2,836,788 | 4,256,141 |
Interest and other | 44,609 | 117,531 |
Operating Partnerships Revenues | 2,881,397 | 4,373,672 |
Expenses | ||
Interest | 516,452 | 831,995 |
Depreciation and amortization | 466,359 | 842,214 |
Taxes and insurance | 410,842 | 648,491 |
Repairs and maintenance | 476,039 | 920,712 |
Operating expenses | 587,741 | 1,099,224 |
Other expenses | 295,000 | 296,399 |
Operating Partnerships Total Expenses | 2,752,433 | 4,639,035 |
NET INCOME (LOSS) | 128,964 | (265,363) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (32,717) | (429,081) |
Net income (loss) allocated to other partners | 161,681 | 163,718 |
Series Forty Three [Member] | ||
Revenues | ||
Rent | 0 | 2,654,575 |
Interest and other | 0 | 72,588 |
Operating Partnerships Revenues | 0 | 2,727,163 |
Expenses | ||
Interest | 0 | 224,123 |
Depreciation and amortization | 0 | 730,170 |
Taxes and insurance | 0 | 371,946 |
Repairs and maintenance | 0 | 660,023 |
Operating expenses | 0 | 1,099,034 |
Other expenses | 0 | 26,774 |
Operating Partnerships Total Expenses | 0 | 3,112,070 |
NET INCOME (LOSS) | 0 | (384,907) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | (187,992) |
Net income (loss) allocated to other partners | 0 | (196,915) |
Series Forty Four [Member] | ||
Revenues | ||
Rent | 1,517,404 | 4,266,865 |
Interest and other | 18,415 | 51,303 |
Operating Partnerships Revenues | 1,535,819 | 4,318,168 |
Expenses | ||
Interest | 326,469 | 1,027,876 |
Depreciation and amortization | 312,412 | 789,024 |
Taxes and insurance | 136,651 | 172,611 |
Repairs and maintenance | 233,493 | 521,338 |
Operating expenses | 300,755 | 1,096,624 |
Other expenses | 62,466 | 36,073 |
Operating Partnerships Total Expenses | 1,372,246 | 3,643,546 |
NET INCOME (LOSS) | 163,573 | 674,622 |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | 0 | |
Net income (loss) allocated to other partners | 163,573 | 674,622 |
Series Forty Five [Member] | ||
Revenues | ||
Rent | 3,781,384 | 4,835,984 |
Interest and other | 51,536 | 89,752 |
Operating Partnerships Revenues | 3,832,920 | 4,925,736 |
Expenses | ||
Interest | 496,261 | 674,644 |
Depreciation and amortization | 972,175 | 1,187,574 |
Taxes and insurance | 419,382 | 585,909 |
Repairs and maintenance | 873,506 | 1,255,834 |
Operating expenses | 1,323,814 | 1,706,299 |
Other expenses | 164,823 | 184,634 |
Operating Partnerships Total Expenses | 4,249,961 | 5,594,894 |
NET INCOME (LOSS) | (417,041) | (669,158) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (420,788) | (647,523) |
Net income (loss) allocated to other partners | 3,747 | (21,635) |
Series Forty Six [Member] | ||
Revenues | ||
Rent | 4,926,284 | 5,123,081 |
Interest and other | 124,619 | 109,373 |
Operating Partnerships Revenues | 5,050,903 | 5,232,454 |
Expenses | ||
Interest | 966,479 | 953,691 |
Depreciation and amortization | 1,074,898 | 1,227,676 |
Taxes and insurance | 739,404 | 772,551 |
Repairs and maintenance | 798,756 | 855,434 |
Operating expenses | 1,463,485 | 1,573,083 |
Other expenses | 40,051 | 75,445 |
Operating Partnerships Total Expenses | 5,083,073 | 5,457,880 |
NET INCOME (LOSS) | (32,170) | (225,426) |
Net income (loss) allocated to BF Garden Tax Credit Fund IV L.P. | (244,453) | (409,540) |
Net income (loss) allocated to other partners | $ 212,283 | $ 184,114 |
INVESTMENTS IN OPERATING LIMI_7
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS - Combined summarized balance sheets (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | $ 58,100,481 | $ 110,385,267 | ||
Land | 9,140,743 | 13,190,867 | ||
Other assets | 12,769,297 | 21,424,583 | ||
Total Assets | 80,010,521 | 145,000,717 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 61,595,513 | 109,360,346 | ||
Accounts payable and accrued expenses | 3,238,584 | 5,843,383 | ||
Other liabilities | 6,052,304 | 11,583,141 | ||
Liabilities | 70,886,401 | 126,786,870 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | $ 15,247,046 | 15,247,046 | $ 19,966,141 | 19,966,141 |
Other partners | (6,122,926) | (1,752,294) | ||
Partners Capital | 9,124,120 | 18,213,847 | ||
Liabilities and Stockholders Equity | 80,010,521 | 145,000,717 | ||
Series Twenty [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty One [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty Two [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty Three [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty Four [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty Five [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty Six [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 697,635 | 1,101,308 | ||
Land | 52,272 | 159,483 | ||
Other assets | 112,648 | 168,013 | ||
Total Assets | 862,555 | 1,428,804 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 1,070,448 | 1,987,848 | ||
Accounts payable and accrued expenses | 93,085 | 240,908 | ||
Other liabilities | 325,434 | 398,735 | ||
Liabilities | 1,488,967 | 2,627,491 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | (564,276) | (564,276) | (1,127,726) | (1,127,726) |
Other partners | (62,136) | (70,961) | ||
Partners Capital | (626,412) | (1,198,687) | ||
Liabilities and Stockholders Equity | 862,555 | 1,428,804 | ||
Series Twenty Seven [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty Eight [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Twenty Nine [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 1,422,477 | 2,748,531 | ||
Land | 12,000 | 87,498 | ||
Other assets | 466,565 | 654,906 | ||
Total Assets | 1,901,042 | 3,490,935 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 1,826,315 | 3,234,686 | ||
Accounts payable and accrued expenses | 106,791 | 436,475 | ||
Other liabilities | 453,193 | 883,162 | ||
Liabilities | 2,386,299 | 4,554,323 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | (230,916) | (230,916) | (706,718) | (706,718) |
Other partners | (254,341) | (356,670) | ||
Partners Capital | (485,257) | (1,063,388) | ||
Liabilities and Stockholders Equity | 1,901,042 | 3,490,935 | ||
Series Thirty [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Thirty One [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Thirty Two [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 921,333 | 8,125,500 | ||
Land | 60,400 | 682,958 | ||
Other assets | 376,891 | 1,641,003 | ||
Total Assets | 1,358,624 | 10,449,461 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 623,725 | 4,655,156 | ||
Accounts payable and accrued expenses | 629,491 | 766,899 | ||
Other liabilities | 46,249 | 768,974 | ||
Liabilities | 1,299,465 | 6,191,029 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 157,618 | 157,618 | 2,350,531 | 2,350,531 |
Other partners | (98,459) | 1,907,901 | ||
Partners Capital | 59,159 | 4,258,432 | ||
Liabilities and Stockholders Equity | 1,358,624 | 10,449,461 | ||
Series Thirty Three [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 847,401 | 6,743,782 | ||
Land | 175,500 | 798,058 | ||
Other assets | 239,177 | 1,082,963 | ||
Total Assets | 1,262,078 | 8,624,803 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 1,205,104 | 3,948,744 | ||
Accounts payable and accrued expenses | 11,821 | 143,361 | ||
Other liabilities | 62,064 | 183,880 | ||
Liabilities | 1,278,989 | 4,275,985 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 5,874 | 5,874 | 2,309,687 | 2,309,687 |
Other partners | (22,785) | 2,039,131 | ||
Partners Capital | (16,911) | 4,348,818 | ||
Liabilities and Stockholders Equity | 1,262,078 | 8,624,803 | ||
Series Thirty Four [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 1,539,529 | 2,184,415 | ||
Land | 142,576 | 177,576 | ||
Other assets | 452,343 | 1,066,438 | ||
Total Assets | 2,134,448 | 3,428,429 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 1,654,958 | 2,670,372 | ||
Accounts payable and accrued expenses | 59,077 | 82,137 | ||
Other liabilities | 485,916 | 1,035,294 | ||
Liabilities | 2,199,951 | 3,787,803 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | (65,286) | (65,286) | (269,913) | (269,913) |
Other partners | (217) | (89,461) | ||
Partners Capital | (65,503) | (359,374) | ||
Liabilities and Stockholders Equity | 2,134,448 | 3,428,429 | ||
Series Thirty Five [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Thirty Six [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Thirty Seven [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Thirty Eight [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Thirty Nine [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Forty [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 0 | ||
Land | 0 | 0 | ||
Other assets | 0 | 0 | ||
Total Assets | 0 | 0 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 0 | ||
Accounts payable and accrued expenses | 0 | 0 | ||
Other liabilities | 0 | 0 | ||
Liabilities | 0 | 0 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 0 | 0 |
Other partners | 0 | 0 | ||
Partners Capital | 0 | 0 | ||
Liabilities and Stockholders Equity | 0 | 0 | ||
Series Forty One [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 6,425,891 | 8,974,718 | ||
Land | 2,225,961 | 2,602,861 | ||
Other assets | 1,889,844 | 2,449,811 | ||
Total Assets | 10,541,696 | 14,027,390 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 12,064,213 | 15,618,657 | ||
Accounts payable and accrued expenses | 753,367 | 823,684 | ||
Other liabilities | 257,002 | 427,520 | ||
Liabilities | 13,074,582 | 16,869,861 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | (1,204,128) | (1,204,128) | (1,456,608) | (1,456,608) |
Other partners | (1,328,758) | (1,385,863) | ||
Partners Capital | (2,532,886) | (2,842,471) | ||
Liabilities and Stockholders Equity | 10,541,696 | 14,027,390 | ||
Series Forty Two [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 6,414,854 | 11,456,989 | ||
Land | 2,076,707 | 3,402,040 | ||
Other assets | 1,511,601 | 2,846,941 | ||
Total Assets | 10,003,162 | 17,705,970 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 12,467,987 | 18,508,692 | ||
Accounts payable and accrued expenses | 748,588 | 1,921,315 | ||
Other liabilities | 309,929 | 1,470,697 | ||
Liabilities | 13,526,504 | 21,900,704 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | (605,251) | (605,251) | (2,515,276) | (2,515,276) |
Other partners | (2,918,091) | (1,679,458) | ||
Partners Capital | (3,523,342) | (4,194,734) | ||
Liabilities and Stockholders Equity | 10,003,162 | 17,705,970 | ||
Series Forty Three [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 0 | 10,125,330 | ||
Land | 0 | 636,595 | ||
Other assets | 0 | 2,361,417 | ||
Total Assets | 0 | 13,123,342 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 0 | 10,179,278 | ||
Accounts payable and accrued expenses | 0 | 332,258 | ||
Other liabilities | 0 | 918,237 | ||
Liabilities | 0 | 11,429,773 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 0 | 0 | 2,354,877 | 2,354,877 |
Other partners | 0 | (661,308) | ||
Partners Capital | 0 | 1,693,569 | ||
Liabilities and Stockholders Equity | 0 | 13,123,342 | ||
Series Forty Four [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 3,619,725 | 14,229,160 | ||
Land | 634,735 | 634,735 | ||
Other assets | 458,109 | 1,645,128 | ||
Total Assets | 4,712,569 | 16,509,023 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 4,426,968 | 16,676,181 | ||
Accounts payable and accrued expenses | 121,936 | 222,985 | ||
Other liabilities | 50,189 | 1,371,115 | ||
Liabilities | 4,599,093 | 18,270,281 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 2,387,429 | 2,387,429 | 1,998,921 | 1,998,921 |
Other partners | (2,273,953) | (3,760,179) | ||
Partners Capital | 113,476 | (1,761,258) | ||
Liabilities and Stockholders Equity | 4,712,569 | 16,509,023 | ||
Series Forty Five [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 13,619,763 | 19,040,478 | ||
Land | 2,021,533 | 2,156,004 | ||
Other assets | 3,633,550 | 3,825,721 | ||
Total Assets | 19,274,846 | 25,022,203 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 11,744,364 | 15,496,844 | ||
Accounts payable and accrued expenses | 248,449 | 442,798 | ||
Other liabilities | 1,791,931 | 1,805,294 | ||
Liabilities | 13,784,744 | 17,744,936 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | 5,316,462 | 5,316,462 | 6,193,598 | 6,193,598 |
Other partners | 173,640 | 1,083,669 | ||
Partners Capital | 5,490,102 | 7,277,267 | ||
Liabilities and Stockholders Equity | 19,274,846 | 25,022,203 | ||
Series Forty Six [Member] | ||||
ASSETS | ||||
Buildings and improvements, net of accumulated depreciation | 22,591,873 | 25,655,056 | ||
Land | 1,739,059 | 1,853,059 | ||
Other assets | 3,628,569 | 3,682,242 | ||
Total Assets | 27,959,501 | 31,190,357 | ||
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) | ||||
Mortgages and construction loans payable | 14,511,431 | 16,383,888 | ||
Accounts payable and accrued expenses | 465,979 | 430,563 | ||
Other liabilities | 2,270,397 | 2,320,233 | ||
Liabilities | 17,247,807 | 19,134,684 | ||
PARTNERS' CAPITAL (DEFICIT) | ||||
Boston Capital Tax Credit Fund IV L.P. | $ 10,049,520 | 10,049,520 | $ 10,834,768 | 10,834,768 |
Other partners | 662,174 | 1,220,905 | ||
Partners Capital | 10,711,694 | 12,055,673 | ||
Liabilities and Stockholders Equity | $ 27,959,501 | $ 31,190,357 |
INVESTMENTS IN OPERATING PARTNE
INVESTMENTS IN OPERATING PARTNERSHIPS - Additional Information (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Series Thirty Two [Member] | ||
Investments In Operating Limited Partnerships | ||
Write Off Of Capital Contribution Payable | $ 1,229 | |
Series Forty [Member] | ||
Investments In Operating Limited Partnerships | ||
Write Off Of Capital Contribution Payable | 102 | |
Series Forty Two [Member] | ||
Investments In Operating Limited Partnerships | ||
Write Off Of Capital Contribution Payable | $ 254 | |
Series Forty Five [Member] | ||
Investments In Operating Limited Partnerships | ||
Write Off Of Capital Contribution Payable | $ 16,724 |
INVESTMENTS IN OPERATING LIMI_8
INVESTMENTS IN OPERATING LIMITED PARTNERSHIPS - old Fund's investments (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | $ 45,625,907 | $ 81,043,910 | ||
Acquisition costs of operating limited partnerships | 1,096,866 | 2,559,129 | ||
Cumulative distributions from operating limited partnerships | (467,311) | (542,452) | ||
Cumulative impairment loss in investments in operating limited partnerships | (27,975,615) | (44,508,391) | ||
Cumulative losses from operating limited partnerships | (18,279,847) | (38,552,196) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | (11,711) | (333,930) | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | (288,550) | (420,953) | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 32,927 | 39,537 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (11,383,230) | (22,542,011) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 33,460 | 67,729 | ||
Cumulative impairment loss in investments in operating limited partnerships | 27,975,615 | 44,508,391 | ||
Other | (1,111,465) | (1,352,622) | ||
Equity per operating limited partnerships' combined financial statements | 15,247,046 | $ 15,247,046 | 19,966,141 | $ 19,966,141 |
Series Twenty [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Twenty One [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Twenty Two [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | |||
Acquisition costs of operating limited partnerships | 0 | |||
Cumulative distributions from operating limited partnerships | 0 | |||
Cumulative impairment loss in investments in operating limited partnerships | 0 | |||
Cumulative losses from operating limited partnerships | 0 | |||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | |||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | |||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | |||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | |||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | |||
Cumulative impairment loss in investments in operating limited partnerships | 0 | |||
Other | 0 | |||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | |
Series Twenty Three [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | |||
Acquisition costs of operating limited partnerships | 0 | |||
Cumulative distributions from operating limited partnerships | 0 | |||
Cumulative impairment loss in investments in operating limited partnerships | 0 | |||
Cumulative losses from operating limited partnerships | 0 | |||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | |||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | |||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | |||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | |||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | |||
Cumulative impairment loss in investments in operating limited partnerships | 0 | |||
Other | 0 | |||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | |
Series Twenty Four [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | |||
Acquisition costs of operating limited partnerships | 0 | |||
Cumulative distributions from operating limited partnerships | 0 | |||
Cumulative impairment loss in investments in operating limited partnerships | 0 | |||
Cumulative losses from operating limited partnerships | 0 | |||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | |||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | |||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | |||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | |||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | |||
Cumulative impairment loss in investments in operating limited partnerships | 0 | |||
Other | 0 | |||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | |
Series Twenty Five [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Twenty Six [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 704,145 | 1,013,198 | ||
Acquisition costs of operating limited partnerships | 109,460 | 153,913 | ||
Cumulative distributions from operating limited partnerships | (3,223) | (7,967) | ||
Cumulative impairment loss in investments in operating limited partnerships | (206,682) | (206,682) | ||
Cumulative losses from operating limited partnerships | (603,700) | (952,462) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (763,435) | (1,320,962) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 21,979 | 21,979 | ||
Cumulative impairment loss in investments in operating limited partnerships | 206,682 | 206,682 | ||
Other | (29,502) | (35,425) | ||
Equity per operating limited partnerships' combined financial statements | (564,276) | (564,276) | (1,127,726) | (1,127,726) |
Series Twenty Seven [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Twenty Eight [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Twenty Nine [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 1,852,177 | 2,959,240 | ||
Acquisition costs of operating limited partnerships | 266,798 | 426,353 | ||
Cumulative distributions from operating limited partnerships | (9,500) | (11,855) | ||
Cumulative impairment loss in investments in operating limited partnerships | (888,464) | (1,417,478) | ||
Cumulative losses from operating limited partnerships | (1,221,011) | (1,956,260) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | (132,403) | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 32,927 | 39,537 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (1,157,917) | (2,031,117) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | (316) | ||
Cumulative impairment loss in investments in operating limited partnerships | 888,464 | 1,417,478 | ||
Other | 5,610 | 103 | ||
Equity per operating limited partnerships' combined financial statements | (230,916) | (230,916) | (706,718) | (706,718) |
Series Thirty [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Thirty One [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Thirty Two [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 1,501,914 | 8,272,229 | ||
Acquisition costs of operating limited partnerships | 216,029 | 783,763 | ||
Cumulative distributions from operating limited partnerships | (33,444) | (36,114) | ||
Cumulative impairment loss in investments in operating limited partnerships | (1,110,485) | (5,642,191) | ||
Cumulative losses from operating limited partnerships | (574,014) | (3,377,687) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | (158,952) | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (917,996) | (3,083,606) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 29,991 | ||
Cumulative impairment loss in investments in operating limited partnerships | 1,110,485 | 5,642,191 | ||
Other | (34,871) | (79,093) | ||
Equity per operating limited partnerships' combined financial statements | 157,618 | 157,618 | 2,350,531 | 2,350,531 |
Series Thirty Three [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 1,495,966 | 5,331,603 | ||
Acquisition costs of operating limited partnerships | 216,029 | 783,763 | ||
Cumulative distributions from operating limited partnerships | (500) | (3,170) | ||
Cumulative impairment loss in investments in operating limited partnerships | (790,713) | (4,047,088) | ||
Cumulative losses from operating limited partnerships | (920,782) | (2,065,108) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | (81,443) | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (784,846) | (1,642,948) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 790,713 | 4,047,088 | ||
Other | 7 | (13,010) | ||
Equity per operating limited partnerships' combined financial statements | 5,874 | 5,874 | 2,309,687 | 2,309,687 |
Series Thirty Four [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 2,097,333 | 2,850,695 | ||
Acquisition costs of operating limited partnerships | 288,550 | 411,337 | ||
Cumulative distributions from operating limited partnerships | 0 | (10,944) | ||
Cumulative impairment loss in investments in operating limited partnerships | (833,360) | (1,212,863) | ||
Cumulative losses from operating limited partnerships | (1,552,523) | (2,038,225) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | (288,550) | (288,550) | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (610,098) | (1,174,852) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 833,360 | 1,212,863 | ||
Other | 2 | (19,374) | ||
Equity per operating limited partnerships' combined financial statements | (65,286) | (65,286) | (269,913) | (269,913) |
Series Thirty Five [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Thirty Six [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Thirty Seven [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Thirty Eight [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Thirty Nine [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Forty [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 0 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Cumulative losses from operating limited partnerships | 0 | 0 | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | 0 | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 0 | ||
Other | 0 | 0 | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 0 | 0 |
Series Forty One [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 3,206,778 | 5,661,559 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | (2,772) | (28,546) | ||
Cumulative impairment loss in investments in operating limited partnerships | (752,318) | (1,610,548) | ||
Cumulative losses from operating limited partnerships | (2,451,688) | (4,022,465) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | (7,500) | (7,500) | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (1,623,678) | (2,589,127) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 752,318 | 1,610,548 | ||
Other | (325,268) | (470,529) | ||
Equity per operating limited partnerships' combined financial statements | (1,204,128) | (1,204,128) | (1,456,608) | (1,456,608) |
Series Forty Two [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 581,332 | 5,205,387 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | (781) | (4,631) | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | (1,300,734) | ||
Cumulative losses from operating limited partnerships | (580,551) | (3,900,022) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | (4,211) | (76,678) | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (566,599) | (3,668,706) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 1,300,734 | ||
Other | (34,441) | (70,626) | ||
Equity per operating limited partnerships' combined financial statements | (605,251) | (605,251) | (2,515,276) | (2,515,276) |
Series Forty Three [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 0 | 7,705,514 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | 0 | (11,225) | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | (3,807,624) | ||
Cumulative losses from operating limited partnerships | 0 | (3,886,665) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | (2,268) | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | 0 | (1,398,524) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 0 | 3,807,624 | ||
Other | 0 | (51,955) | ||
Equity per operating limited partnerships' combined financial statements | 0 | 0 | 2,354,877 | 2,354,877 |
Series Forty Four [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 3,095,765 | 6,970,546 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | (40,115) | (40,115) | ||
Cumulative impairment loss in investments in operating limited partnerships | (2,550,560) | (2,438,129) | ||
Cumulative losses from operating limited partnerships | (505,090) | (4,492,302) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (15,841) | (291,269) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative impairment loss in investments in operating limited partnerships | 2,550,560 | 2,438,129 | ||
Other | (147,290) | (147,939) | ||
Equity per operating limited partnerships' combined financial statements | 2,387,429 | 2,387,429 | 1,998,921 | 1,998,921 |
Series Forty Five [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 13,534,041 | 15,901,621 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | (192,410) | (195,387) | ||
Cumulative impairment loss in investments in operating limited partnerships | (8,739,377) | (9,877,399) | ||
Cumulative losses from operating limited partnerships | (4,602,254) | (5,828,835) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | 0 | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (3,117,867) | (3,416,071) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 11,481 | 11,481 | ||
Cumulative impairment loss in investments in operating limited partnerships | 8,739,377 | 9,877,399 | ||
Other | (316,529) | (279,211) | ||
Equity per operating limited partnerships' combined financial statements | 5,316,462 | 5,316,462 | 6,193,598 | 6,193,598 |
Series Forty Six [Member] | ||||
Funds Investments In Operating Limited Partnerships [Line Items] | ||||
Capital contributions paid and to be paid to operating limited partnerships, net of tax credit adjusters and impairment of capitalized costs | 17,556,456 | 19,172,318 | ||
Acquisition costs of operating limited partnerships | 0 | 0 | ||
Cumulative distributions from operating limited partnerships | (184,566) | (192,498) | ||
Cumulative impairment loss in investments in operating limited partnerships | (12,103,656) | (12,947,655) | ||
Cumulative losses from operating limited partnerships | (5,268,234) | (6,032,165) | ||
Investments in operating limited partnerships per balance sheet | 0 | 0 | ||
The Fund has recorded capital contributions to the operating limited partnerships during the year ended March 31, 2021 which have not been included in the partnership's capital account included in the operating limited partnerships' financial statements as of December 31, 2020 (see note A). | 0 | (7,089) | ||
The Fund has recorded acquisition costs at March 31, 2021 which have not been recorded in the net assets of the operating limited partnerships (see note A). | 0 | 0 | ||
Cumulative losses from operating limited partnerships for the three months ended March 31, which the operating limited partnerships have not included in their capital as of December 31, due to different year ends (see note A). | 0 | 0 | ||
Equity in loss of operating limited partnerships not recognizable under the equity method of accounting (see note A). | (1,824,953) | (1,924,829) | ||
The Fund has recorded low-income housing tax credit adjusters not recorded by operating limited partnerships (see note A). | 0 | 4,594 | ||
Cumulative impairment loss in investments in operating limited partnerships | 12,103,656 | 12,947,655 | ||
Other | (229,183) | (185,563) | ||
Equity per operating limited partnerships' combined financial statements | $ 10,049,520 | $ 10,049,520 | $ 10,834,768 | $ 10,834,768 |
RECONCILIATION OF FINANCIAL S_3
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | $ 6,119,815 | $ 14,270,637 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | (443,708) | (5,959,506) |
Other | 6,952,259 | 8,470,252 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (1,016,981) | (2,814,449) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (581,710) | (1,133,884) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (15,102,308) | (12,427,166) |
Income (loss) for tax return purposes | (4,072,633) | 405,884 |
Series Twenty [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Twenty One [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Twenty Two [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Twenty Three [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Twenty Four [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 182,795 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 1,166,597 |
Income (loss) for tax return purposes | 0 | 1,349,392 |
Series Twenty Five [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Twenty Six [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | (47,101) | 21,565 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 2,199 | 0 |
Other | (5,000) | 3,005,959 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (59,470) | (170,064) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (19,425) | (19,425) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 588,301 | (134,921) |
Income (loss) for tax return purposes | 459,504 | 2,703,114 |
Series Twenty Seven [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 818,126 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | (356,028) |
Income (loss) for tax return purposes | 0 | 462,098 |
Series Twenty Eight [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | (20,913) |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 1,505,035 |
Income (loss) for tax return purposes | 0 | 1,484,122 |
Series Twenty Nine [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | (12,814) | (68,538) |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 21,752 | 29,040 |
Other | 795,988 | (184,277) |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (113,442) | (193,368) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (21,314) | (40,062) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (177,887) | 882 |
Income (loss) for tax return purposes | 492,283 | (456,323) |
Series Thirty [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Thirty One [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 619,372 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | (1,025,935) |
Income (loss) for tax return purposes | 0 | (406,563) |
Series Thirty Two [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 2,525,949 | 57,220 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | (78,664) | (135,014) |
Other | 51,192 | 468,816 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (46,596) | (335,845) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (23,481) | (92,023) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (2,901,083) | 13,737 |
Income (loss) for tax return purposes | (472,683) | (23,109) |
Series Thirty Three [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 2,473,777 | 1,424,616 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 4,992 | (1,099,287) |
Other | (113,274) | 939,990 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (39,126) | (103,077) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (21,393) | (89,921) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (2,680,668) | (1,479,946) |
Income (loss) for tax return purposes | (375,692) | (407,625) |
Series Thirty Four [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | (43,305) | 214,215 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 24,102 | (244,156) |
Other | 212,099 | (926,658) |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | (137,805) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (33,633) | (34,972) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (464,227) | (83,946) |
Income (loss) for tax return purposes | (304,964) | (1,213,322) |
Series Thirty Five [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 1,497,913 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 283,430 |
Income (loss) for tax return purposes | 0 | 1,781,343 |
Series Thirty Six [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 527,639 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | (729,548) |
Income (loss) for tax return purposes | 0 | (201,909) |
Series Thirty Seven [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Thirty Eight [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 1,440,353 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | (5,726,487) |
Income (loss) for tax return purposes | 0 | (4,286,134) |
Series Thirty Nine [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 0 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | 0 |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | 0 |
Income (loss) for tax return purposes | 0 | 0 |
Series Forty [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 0 | 2,844,772 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | (2,224,213) |
Other | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | 0 |
Difference due to fiscal year for book purposes and calendar year for tax purposes | 0 | (1,750,784) |
Income (loss) for tax return purposes | 0 | (1,130,225) |
Series Forty One [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 13,924 | (28,195) |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 43,016 | 134,220 |
Other | 928,089 | 311,744 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (60,389) | (200,154) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (77,697) | (68,992) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (308,905) | (223,211) |
Income (loss) for tax return purposes | 538,038 | (74,588) |
Series Forty Two [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 663,263 | 307,410 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 36,736 | 0 |
Other | 2,509,690 | 797,846 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (32,717) | (429,081) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 17,338 | (5,002) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (1,205,766) | (519,859) |
Income (loss) for tax return purposes | 1,988,544 | 151,314 |
Series Forty Three [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 50,372 | 1,170,010 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 0 | (168,259) |
Other | 0 | 49,732 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | (187,992) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | 0 | (88,202) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (2,400,109) | (1,758,052) |
Income (loss) for tax return purposes | (2,349,737) | (982,763) |
Series Forty Four [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 488,406 | 2,918,827 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 36,818 | (2,478,520) |
Other | 1,039,883 | 5,264,067 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | 0 | 0 |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (21,425) | (204,650) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (4,075,446) | (531,052) |
Income (loss) for tax return purposes | (2,531,764) | 4,968,672 |
Series Forty Five [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | 57,082 | 446,137 |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | (607,163) | 17,487 |
Other | 1,172,973 | (1,617,953) |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (420,788) | (647,523) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (114,692) | (181,016) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (924,247) | (954,141) |
Income (loss) for tax return purposes | (836,835) | (2,937,009) |
Series Forty Six [Member] | ||
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Line Items] | ||
Net income (loss) for financial reporting purposes | (49,738) | (102,687) |
Accrued partnership fund management fee not deducted (deducted) for income tax purposes | 72,504 | 209,196 |
Other | 360,619 | 360,986 |
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting | (244,453) | (409,540) |
Excess of tax depreciation over book depreciation on operating limited partnership assets | (265,988) | (309,619) |
Difference due to fiscal year for book purposes and calendar year for tax purposes | (552,271) | (122,937) |
Income (loss) for tax return purposes | $ (679,327) | $ (374,601) |
RECONCILIATION OF FINANCIAL S_4
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN - Investments in operating limited partnerships (Details) - USD ($) | Mar. 31, 2021 | Mar. 31, 2020 |
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | $ 6,036,955 | $ 3,217,139 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 11,383,230 | 22,542,011 |
Impairment loss in investment in operating limited partnerships | (27,975,615) | (44,508,391) |
Less share of loss | (32,927) | (39,537) |
Other | 10,588,357 | 18,788,778 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty One [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Two [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | |
Impairment loss in investment in operating limited partnerships | 0 | |
Less share of loss | 0 | |
Other | 0 | |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Three [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | |
Impairment loss in investment in operating limited partnerships | 0 | |
Less share of loss | 0 | |
Other | 0 | |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Four [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | |
Impairment loss in investment in operating limited partnerships | 0 | |
Less share of loss | 0 | |
Other | 0 | |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Five [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Six [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | (1,005,761) | (1,521,810) |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 763,435 | 1,320,962 |
Impairment loss in investment in operating limited partnerships | (206,682) | (206,682) |
Less share of loss | 0 | 0 |
Other | 449,008 | 407,530 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Seven [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Eight [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Twenty Nine [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | (917,349) | (1,496,498) |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 1,157,917 | 2,031,117 |
Impairment loss in investment in operating limited partnerships | (888,464) | (1,417,478) |
Less share of loss | (32,927) | (39,537) |
Other | 680,823 | 922,396 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty One [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Two [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 716,461 | 882,196 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 917,996 | 3,083,606 |
Impairment loss in investment in operating limited partnerships | (1,110,485) | (5,642,191) |
Less share of loss | 0 | 0 |
Other | (523,972) | 1,676,389 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Three [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 508,277 | 721,147 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 784,846 | 1,642,948 |
Impairment loss in investment in operating limited partnerships | (790,713) | (4,047,088) |
Less share of loss | 0 | 0 |
Other | (502,410) | 1,682,993 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Four [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | (226,160) | (379,040) |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 610,098 | 1,174,852 |
Impairment loss in investment in operating limited partnerships | (833,360) | (1,212,863) |
Less share of loss | 0 | 0 |
Other | 449,422 | 417,051 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Five [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Six [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Seven [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Eight [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Thirty Nine [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Forty [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 0 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 0 |
Impairment loss in investment in operating limited partnerships | 0 | 0 |
Less share of loss | 0 | 0 |
Other | 0 | 0 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Forty One [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | (2,578,036) | (3,250,279) |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 1,623,678 | 2,589,127 |
Impairment loss in investment in operating limited partnerships | (752,318) | (1,610,548) |
Less share of loss | 0 | 0 |
Other | 1,706,676 | 2,271,700 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Forty Two [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | (258,255) | (1,966,887) |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 566,599 | 3,668,706 |
Impairment loss in investment in operating limited partnerships | 0 | (1,300,734) |
Less share of loss | 0 | 0 |
Other | (308,344) | (401,085) |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Forty Three [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 0 | 705,213 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 0 | 1,398,524 |
Impairment loss in investment in operating limited partnerships | 0 | (3,807,624) |
Less share of loss | 0 | 0 |
Other | 0 | 1,703,887 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Forty Four [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 910,108 | (5,206) |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 15,841 | 291,269 |
Impairment loss in investment in operating limited partnerships | (2,550,560) | (2,438,129) |
Less share of loss | 0 | 0 |
Other | 1,624,611 | 2,152,066 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Forty Five [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 4,574,217 | 4,787,336 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 3,117,867 | 3,416,071 |
Impairment loss in investment in operating limited partnerships | (8,739,377) | (9,877,399) |
Less share of loss | 0 | 0 |
Other | 1,047,293 | 1,673,992 |
Investments in operating limited partnerships - as reported | 0 | 0 |
Series Forty Six [Member] | ||
Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Line Items] | ||
Investments in operating limited partnerships - tax return | 4,313,453 | 4,740,967 |
Operating limited partnership losses not recognized for financial reporting purposes under the equity method | 1,824,953 | 1,924,829 |
Impairment loss in investment in operating limited partnerships | (12,103,656) | (12,947,655) |
Less share of loss | 0 | 0 |
Other | 5,965,250 | 6,281,859 |
Investments in operating limited partnerships - as reported | $ 0 | $ 0 |
CASH EQUIVALENTS (Details)
CASH EQUIVALENTS (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
CASH EQUIVALENTS | ||
Cash Equivalents | $ 10,765,279 | $ 6,568,691 |
Money Market Accounts Interest Rate Minimum | 0.05% | |
Money Market Accounts Interest Rate Maximum | 1.51% |