BOSTON CAPITAL TAX CREDIT FUND V LP

CIK:0001267425|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
CONDENSED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income
Interest income	$ 18,054	$ 4,740	$ 41,437	$ 6,505
Other income	7,195	24,436	7,195	32,323
Total income	25,249	29,176	48,632	38,828
Gain on sale of operating limited partnerships	0	1,016,225	16,000	1,238,444
Expenses
Professional fees	13,210	6,748	44,269	37,841
Fund management fee, net (Note C)	4,953	(75,433)	31,505	4,206
General and administrative expenses	19,899	20,814	77,494	195,462
Total expenses	38,062	(47,871)	153,268	237,509
NET INCOME (LOSS)	(12,813)	1,093,272	(88,636)	1,039,763
Net income (loss) allocated to assignees	(12,781)	1,090,539	(88,414)	1,037,164
Net income (loss) allocated to general partner	$ (32)	$ 2,733	$ (222)	$ 2,599
Net income (loss) per BAC	$ 0.00	$ 0.09	$ (0.01)	$ 0.09
Series 47
Income
Interest income	$ 0	$ 0	$ 0	$ 0
Other income	0	0	0	0
Total income	0	0	0	0
Gain on sale of operating limited partnerships	0	0	0	0
Expenses
Professional fees	0	0	0	1,026
Fund management fee, net (Note C)	0	0	0	0
General and administrative expenses	0	0	0	79,266
Total expenses	0	0	0	80,292
NET INCOME (LOSS)	0	0	0	(80,292)
Net income (loss) allocated to assignees	0	0	0	(80,091)
Net income (loss) allocated to general partner	$ 0	$ 0	$ 0	$ (201)
Net income (loss) per BAC	$ 0	$ 0	$ 0	$ (0.02)
Series 48
Income
Interest income	$ 0	$ 0	$ 0	$ 98
Other income	0	0	0	0
Total income	0	0	0	98
Gain on sale of operating limited partnerships	0	0	0	9,999
Expenses
Professional fees	0	0	0	9,952
Fund management fee, net (Note C)	0	0	0	3,928
General and administrative expenses	0	0	0	66,111
Total expenses	0	0	0	79,991
NET INCOME (LOSS)	0	0	0	(69,894)
Net income (loss) allocated to assignees	0	0	0	(69,719)
Net income (loss) allocated to general partner	$ 0	$ 0	$ 0	$ (175)
Net income (loss) per BAC	$ 0	$ 0	$ 0	$ (0.03)
Series 49
Income
Interest income	$ 18,054	$ 4,740	$ 41,437	$ 6,407
Other income	7,195	24,436	7,195	32,323
Total income	25,249	29,176	48,632	38,730
Gain on sale of operating limited partnerships	0	1,016,225	16,000	1,228,445
Expenses
Professional fees	13,210	6,748	44,269	26,863
Fund management fee, net (Note C)	4,953	(75,433)	31,505	278
General and administrative expenses	19,899	20,814	77,494	50,085
Total expenses	38,062	(47,871)	153,268	77,226
NET INCOME (LOSS)	(12,813)	1,093,272	(88,636)	1,189,949
Net income (loss) allocated to assignees	(12,781)	1,090,539	(88,414)	1,186,974
Net income (loss) allocated to general partner	$ (32)	$ 2,733	$ (222)	$ 2,975
Net income (loss) per BAC	$ 0.00	$ 0.31	$ (0.01)	$ 0.20

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net Income (Loss)	$ (88,636)	$ 1,039,763
Adjustments to reconcile net income (loss) to net cash used in operating activities
Gain on sale of operating limited partnerships	(16,000)	(1,238,444)
Changes in assets and liabilities
Decrease in other assets	247	4,950
Increase (Decrease) in accounts payable affiliates	35,505	(334,913)
Net cash used in operating activities	(68,884)	(528,644)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	16,000	1,238,343
Net cash provided by investing activities	16,000	1,238,343
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(52,884)	709,699
Cash and cash equivalents, beginning	2,091,961	1,387,978
Cash and cash equivalents, ending	2,039,077	2,097,677
Supplemental schedule of noncash investing and financing activities
The general partner's equity balance was increased and accounts payable affiliates was reduced as a result of forgiveness of debt with an affiliate of the general partner.	0	1,162,088
Series 47
Cash flows from operating activities:
Net Income (Loss)	0	(80,292)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Gain on sale of operating limited partnerships	0	0
Changes in assets and liabilities
Decrease in other assets	0	0
Increase (Decrease) in accounts payable affiliates	0	(181,083)
Net cash used in operating activities	0	(261,375)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	0
Net cash provided by investing activities	0	0
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	0	(261,375)
Cash and cash equivalents, beginning	0	261,375
Cash and cash equivalents, ending	0	0
Supplemental schedule of noncash investing and financing activities
The general partner's equity balance was increased and accounts payable affiliates was reduced as a result of forgiveness of debt with an affiliate of the general partner.	0	229,502
Series 48
Cash flows from operating activities:
Net Income (Loss)	0	(69,894)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Gain on sale of operating limited partnerships	0	(9,999)
Changes in assets and liabilities
Decrease in other assets	0	0
Increase (Decrease) in accounts payable affiliates	0	(119,698)
Net cash used in operating activities	0	(199,591)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	0	9,999
Net cash provided by investing activities	0	9,999
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	0	(189,592)
Cash and cash equivalents, beginning	0	189,592
Cash and cash equivalents, ending	0	0
Supplemental schedule of noncash investing and financing activities
The general partner's equity balance was increased and accounts payable affiliates was reduced as a result of forgiveness of debt with an affiliate of the general partner.	0	932,586
Series 49
Cash flows from operating activities:
Net Income (Loss)	(88,636)	1,189,949
Adjustments to reconcile net income (loss) to net cash used in operating activities
Gain on sale of operating limited partnerships	(16,000)	(1,228,445)
Changes in assets and liabilities
Decrease in other assets	247	4,950
Increase (Decrease) in accounts payable affiliates	35,505	(34,132)
Net cash used in operating activities	(68,884)	(67,678)
Cash flows from investing activities:
Proceeds from the disposition of Operating Partnerships	16,000	1,228,344
Net cash provided by investing activities	16,000	1,228,344
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(52,884)	1,160,666
Cash and cash equivalents, beginning	2,091,961	937,011
Cash and cash equivalents, ending	2,039,077	2,097,677
Supplemental schedule of noncash investing and financing activities
The general partner's equity balance was increased and accounts payable affiliates was reduced as a result of forgiveness of debt with an affiliate of the general partner.	$ 0	$ 0

CONDENSED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Mar. 31, 2023
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)	$ 0	$ 0
OTHER ASSETS
Cash and cash equivalents	2,039,077	2,091,961
Other assets	0	247
ASSETS	2,039,077	2,092,208
LIABILITIES
Accounts payable affiliates (Note C)	$ 49,140	$ 13,635
Other Liability, Related Party, Type [Extensible Enumeration]	srt:AffiliatedEntityMember	srt:AffiliatedEntityMember
PARTNERS' CAPITAL (DEFICIT)
Limited partners	$ 1,086,985	$ 1,175,399
General Partner	902,952	903,174
PARTNERS' CAPITAL (DEFICIT)	1,989,937	2,078,573
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	2,039,077	2,092,208
Series 47
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable affiliates (Note C)	$ 0	$ 0
Other Liability, Related Party, Type [Extensible Enumeration]	srt:AffiliatedEntityMember	srt:AffiliatedEntityMember
PARTNERS' CAPITAL (DEFICIT)
Limited partners	$ (152,220)	$ (152,220)
General Partner	152,220	152,220
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series 48
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)	0	0
OTHER ASSETS
Cash and cash equivalents	0	0
Other assets	0	0
ASSETS	0	0
LIABILITIES
Accounts payable affiliates (Note C)	$ 0	$ 0
Other Liability, Related Party, Type [Extensible Enumeration]	srt:AffiliatedEntityMember	srt:AffiliatedEntityMember
PARTNERS' CAPITAL (DEFICIT)
Limited partners	$ (879,491)	$ (879,491)
General Partner	879,491	879,491
PARTNERS' CAPITAL (DEFICIT)	0	0
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	0	0
Series 49
ASSETS
INVESTMENTS IN OPERATING PARTNERSHIPS (Note D)	0	0
OTHER ASSETS
Cash and cash equivalents	2,039,077	2,091,961
Other assets	0	247
ASSETS	2,039,077	2,092,208
LIABILITIES
Accounts payable affiliates (Note C)	$ 49,140	$ 13,635
Other Liability, Related Party, Type [Extensible Enumeration]	srt:AffiliatedEntityMember	srt:AffiliatedEntityMember
PARTNERS' CAPITAL (DEFICIT)
Limited partners	$ 2,118,696	$ 2,207,110
General Partner	(128,759)	(128,537)
PARTNERS' CAPITAL (DEFICIT)	1,989,937	2,078,573
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)	$ 2,039,077	$ 2,092,208