WNC CALIFORNIA HOUSING TAX CREDITS III LP
CIK:0000892997|SEC Filings
Condensed Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Operating income: | ||||
| Distribution income | $ 0 | $ 0 | $ 12,347 | $ 14,342 |
| Operating expenses: | ||||
| Asset management fees (Note 3) | 6,272 | 6,272 | 18,816 | 18,816 |
| Legal and accounting fees | 1,200 | 2,400 | 22,400 | 18,150 |
| Write off of other assets | 68,916 | 40,198 | 108,454 | 47,249 |
| Other | 1,077 | 702 | 2,706 | 5,502 |
| Total operating expenses | 77,465 | 49,572 | 152,376 | 89,717 |
| Loss from operations | (77,465) | (49,572) | (140,029) | (75,375) |
| Interest income | 1 | 0 | 1 | 0 |
| Net loss | (77,464) | (49,572) | (140,028) | (75,375) |
| Net income (loss) allocated to: | ||||
| General Partner | (775) | (496) | (1,400) | (754) |
| Limited Partners | $ (76,689) | $ (49,076) | $ (138,628) | $ (74,621) |
| Net loss per Partnership Unit | $ (4) | $ (3) | $ (8) | $ (4) |
| Outstanding weighted Partnership Units | 17,897 | 17,897 | 17,897 | 17,897 |
Condensed Statements of Cash Flows (Unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Cash flows from operating activities: | ||
| Net income (loss) | $ (140,028) | $ (75,375) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| (Increase) decrease in other assets | 80,485 | (61,204) |
| Increase in accrued fees and expenses due to General Partner and affiliates | 71,891 | 140,922 |
| Net cash provided by operating activities | 12,348 | 4,343 |
| Cash flows from investing activities: | ||
| Net increase in cash and cash equivalents | 12,348 | 4,343 |
| Cash, beginning of period | 10,041 | 5,698 |
| Cash, end of period | 22,389 | 10,041 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Taxes paid | $ 0 | $ 0 |
Condensed Balance Sheets (Unaudited) - USD ($) |
Dec. 31, 2015 |
Mar. 31, 2015 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 22,389 | $ 10,041 |
| Other assets | 42,671 | 123,156 |
| Investments in Local Limited Partnerships, net (Note 2) | 0 | 0 |
| Total Assets | 65,060 | 133,197 |
| Liabilities: | ||
| Accrued fees and expenses due to General Partner and affiliates (Note 3) | 1,957,040 | 1,885,149 |
| Total Liabilities | 1,957,040 | 1,885,149 |
| Partners' Deficit: | ||
| General Partner | (189,052) | (187,652) |
| Limited Partners (30,000 Partnership Units authorized; 17,897 Partnership Units issued and outstanding, respectively.) | (1,702,928) | (1,564,300) |
| Total Partners' Deficit | (1,891,980) | (1,751,952) |
| Total Liabilities and Partners' Deficit | $ 65,060 | $ 133,197 |