BOSTON FINANCIAL QUALIFIED HOUSING TAX CREDITS L P V

CIK:0000852953|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
CONDENSED STATEMENTS OF OPERATIONS (USD $)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenue
Investment	$ 241	$ 1,061	$ 904	$ 2,215
Cash distribution income	0	0	17,922	0
Total Revenue	241	1,061	18,826	2,215
Expenses:
Asset management fees, affiliate	84,343	81,887	168,686	163,773
General and administrative (includes reimbursements to an affiliate in the amount of $3,781 and $2,390 for the three months and $7,818 and $5,648 for the six months ended September 30, 2012 and 2011, respectively)	25,852	32,707	47,652	54,554
Amortization	1,275	1,275	2,551	2,551
Total Expenses	111,470	115,869	218,889	220,878
Loss before equity in income of Local Limited Partnership	(111,229)	(114,808)	(200,063)	(218,663)
Equity in income of Local Limited Partnership (Note 1)	173,343	148,111	143,742	193,948
Net Income (Loss)	62,114	33,303	(56,321)	(24,715)
Net Income (Loss) allocated:
General Partners	621	333	(563)	(247)
Limited Partners	61,493	32,970	(55,758)	(24,468)
Partnership Income	$ 62,114	$ 33,303	$ (56,321)	$ (24,715)
Net Income (Loss) Per Limited Partner Unit (68,929 Units)	0.89	0.48	(0.81)	(0.35)

CONDENSED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2012	Sep. 30, 2011
Net cash used for operating activities	$ (207,482)	$ (139,118)
Net decrease in cash and cash equivalents	(207,482)	(139,118)
Cash and cash equivalents, beginning	818,420	1,169,357
Cash and cash equivalents, ending	$ 610,938	$ 1,030,239

CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2012	Mar. 31, 2012
Assets
Cash and cash equivalents	$ 610,938	$ 818,420
Investment in Local Limited Partnership (Note 1)	1,373,807	1,232,616
Other assets	210	103
Total Assets	1,984,955	2,051,139
Liabilities and Partners' Equity
Due to affiliate	84,343	84,343
Accrued expenses	15,414	25,277
Total Liabilities	99,757	109,620
General, Initial and Investor Limited Partners' Equity	1,885,198	1,941,519
Total Liabilities and Partners' Equity	$ 1,984,955	$ 2,051,139