WNC HOUSING TAX CREDIT FUND IV L P SERIES 1

CIK:0000913496|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:
Reporting fees	$ 0	$ 0	$ 1,000	$ 10,951
Distribution income	0	0	637	0
Total operating income	0	0	1,637	10,951
Operating expenses:
Asset management fees (Note 3)	2,701	4,259	9,419	14,315
Legal and accounting fees	4,100	1,700	26,280	19,400
Professional services	825	1,250	2,435	6,424
Write off of other assets	25,377	40	25,674	1,033
Other	13,133	449	15,814	1,439
Total operating expenses	46,136	7,698	79,622	42,611
Loss from operations	(46,136)	$ (7,698)	(77,985)	(31,660)
Gain (loss) on sale of Local Limited Partnerships (Note 2)	(10,154)		(10,154)	22,597
Interest income	6	$ 16	24	49
Net loss	(56,284)	(7,682)	(88,115)	(9,014)
Net loss allocated to:
General Partner	(563)	(77)	(881)	(90)
Limited Partners	$ (55,721)	$ (7,605)	$ (87,234)	$ (8,924)
Net loss per Partnership Unit	$ (6)	$ (1)	$ (9)	$ (1)
Outstanding weighted Partnership Units	9,936	9,939	9,936	9,939

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net loss	$ (88,115)	$ (9,014)
Adjustments to reconcile net loss to net cash used in operating activities:
(Increase) decrease in other assets	21,705	(24,445)
Increase (decrease) in accrued fees and expenses due to General Partner and affiliates	(16,660)	31,605
(Gain) loss on sale of Local Limited Partnerships	10,154	(22,597)
Net cash used in operating activities	(72,916)	(24,451)
Cash flows from investing activities
Net proceeds (payments) made on sale of Local Limited Partnerships	(10,154)	22,597
Net cash provided by (used in) investing activities	(10,154)	22,597
Cash flows from financing activities
Return of capital	(6,482)	(20,868)
Net cash used in financing activities	(6,482)	(20,868)
Net decrease in cash and cash equivalents	(89,552)	(22,722)
Cash and cash equivalents, beginning of period	180,631	227,091
Cash and cash equivalents, end of period	91,079	204,369
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	$ 91,079	$ 180,631
Investments in Local Limited Partnerships, net (Note 2)	0	0
Other assets	35,581	57,286
Total Assets	126,660	237,917
Liabilities:
Accrued fees and expenses due to General Partner and affiliates (Note 3)	30,048	46,708
Total Liabilities	30,048	46,708
Partners' Equity (Deficit):
General Partner	(99,624)	(92,261)
Limited Partners (10,000 Partnership Units authorized; 9,936 and 9,939 Partnership Units, respectively, issued and outstanding)	196,236	283,470
Total Partners' Equity (Deficit)	96,612	191,209
Total Liabilities and Partners' Equity (Deficit)	$ 126,660	$ 237,917