10-Q 1 b4061910q.htm BCTC IV JUNE 2019 10-Q Boston Capital Tax Credit Fund IV LP

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

 

(Mark One)

(X)   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended June 30, 2019
or
( )   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission file number        0-26200

 

BOSTON CAPITAL TAX CREDIT FUND IV L.P.
(Exact name of registrant as specified in its charter)

Delaware

04-3208648

(State or other jurisdiction

(I.R.S. Employer

of incorporation or organization)

Identification No.)

 

One Boston Place, Suite 2100, Boston, Massachusetts  02108
(Address of principal executive offices)    (Zip Code)

                   (617) 624-8900                   

(Registrant's telephone number, including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

None

None

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

Yes ý

No 

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 

Yes ý

No 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer □

Accelerated Filer □

Non-accelerated filer ý

Smaller Reporting Company ý

Emerging Growth Company □

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes 

No ý

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BOSTON CAPITAL TAX CREDIT FUND IV L.P.

 

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED JUNE 30, 2019

 

TABLE OF CONTENTS

 

PART I FINANCIAL INFORMATION

 
   

        Pages

 

Item 1. Condensed Financial Statements

     
   

Condensed Balance Sheets

4-31

   

Condensed Statements of Operations

32-59

   

Condensed Statements of Changes in 

Partners' Capital (Deficit)


60-69

   

Condensed Statements of Cash Flows

70-97

   

Notes to Condensed Financial Statements

98-132

     

Item 2. Management's Discussion and Analysis of 
        Financial Condition and Results of Operations


133-165

     
 

Item 3. Quantitative and Qualitative Disclosures About         Market Risk


166

     
 

Item 4. Controls and Procedures

166

     

PART II OTHER INFORMATION

 
     

Item 1. Legal Proceedings

167

     
 

Item 1A. Risk Factors

167

     
 

Item 2. Unregistered Sales of Equity Securities and         Use of Proceeds


167

     
 

Item 3. Defaults Upon Senior Securities

167

     
 

Item 4. Mine Safety Disclosures

167

     
 

Item 5. Other Information

167

     
 

Item 6. Exhibits

167

 

Signatures

168

     

 

 

 

Boston Capital Tax Credit Fund IV L.P.

 

CONDENSED BALANCE SHEETS

(Unaudited)


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

27,720,235

22,926,529

Other assets

15,088

40,088

$

27,735,323

$

22,966,617

LIABILITIES

Accounts payable and accrued expenses

$

573,916

$

550,316

Accounts payable affiliates (Note C)

19,372,724

19,302,918

Capital contributions payable

19,094

44,094

19,965,734

19,897,328

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
83,651,080 issued and 83,048,603
outstanding as of June 30, 2019
and March 31, 2019.






8,310,078







3,656,782

General Partner

(540,489)

(587,493)

7,769,589

3,069,289

$

27,735,323

$

22,966,617

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 20


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,866,700 issued and 3,828,200
outstanding as of June 30, 2019
and March 31, 2019.






(754,767)






(754,767)

General Partner

754,767

754,767

-

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 21

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
1,892,700 issued and 1,879,500
outstanding as of June 30, 2019
and March 31, 2019.






(898,231)







(898,231)

General Partner

898,231

898,231

-

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 22

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,564,400 issued and 2,550,145
outstanding as of June 30, 2019
and March 31, 2019.






(2,448,362)






(2,448,362)

General Partner

2,448,362

2,448,362

-

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 23

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,336,727 issued and 3,303,327
outstanding as of June 30, 2019
and March 31, 2019.






(224,264)






(224,264)

General Partner

224,264

224,264

-

-

$

-

$

-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 24


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

391,104

402,018

Other assets

-

-

$

391,104

$

402,018

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,169,878 issued and 2,150,053
outstanding as of June 30, 2019
and March 31, 2019.






566,445






577,250

General Partner

(175,341)

(175,232)

391,104

402,018

$

391,104

$

402,018

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 25

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,026,109 issued and 3,016,809
outstanding as of June 30, 2019
and March 31, 2019.






219,815






219,815

General Partner

(219,815)

(219,815)

-

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 26

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

535,579

554,439

Other assets

-

-

$

535,579

$

554,439

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,995,900 issued and 3,956,674
outstanding as of June 30, 2019
and March 31, 2019.






848,566






867,237

General Partner

(312,987)

(312,798)

535,579

554,439

$

535,579

$

554,439

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 27

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

6,509,789

6,500,234

Other assets

-

-

$

6,509,789

$

6,500,234

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,460,700 issued and 2,431,350
outstanding as of June 30, 2019
and March 31, 2019.






6,651,138






6,641,679

General Partner

(141,349)

(141,445)

6,509,789

6,500,234

$

6,509,789

$

6,500,234

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 28

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

679,932

690,605

Other assets

-

-

$

679,932

$

690,605

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,000,738 issued and 3,979,139
outstanding as of June 30, 2019
and March 31, 2019.






954,970






965,536

General Partner

(275,038)

(274,931)

679,932

690,605

$

679,932

$

690,605

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 29

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

191,180

196,944

Other assets

-

-

$

191,180

$

196,944

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

3,084,095

3,076,835

Capital contributions payable

785

785

3,084,880

3,077,620

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,991,800 issued and 3,942,925
outstanding as of June 30, 2019
and March 31, 2019.






(2,526,116)






(2,513,222)

General Partner

(367,584)

(367,454)

(2,893,700)

(2,880,676)

$

191,180

$

196,944

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 30

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,651,000 issued and 2,621,200
outstanding as of June 30, 2019
and March 31, 2019.






(883,119)






(883,119)

General Partner

883,119

883,119

-

-

$

-

$

-


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 31

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

2,605,622

1,953,570

Other assets

-

25,000

$

2,605,622

$

1,978,570

LIABILITIES

Accounts payable and accrued expenses

$

8,000

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

25,000

8,000

25,000

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,417,857 issued and 4,375,757
outstanding as of June 30, 2019
and March 31, 2019.






2,950,904






2,313,293

General Partner

(353,282)

(359,723)

2,597,622

1,953,570

$

2,605,622

$

1,978,570

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 32

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

278,250

272,226

Other assets

-

-

$

278,250

$

272,226

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

238,319

218,525

Capital contributions payable

1,229

1,229

239,548

219,754

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,754,198 issued and 4,724,298
outstanding as of June 30, 2019
and March 31, 2019.






444,679






458,311

General Partner

(405,977)

(405,839)

38,702

52,472

$

278,250

$

272,226

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 33

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

248,505

236,612

Other assets

-

-

$

248,505

$

236,612

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

1,112,605

1,099,287

Capital contributions payable

-

-

1,112,605

1,099,287

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,636,533 issued and 2,621,433
outstanding as of June 30, 2019
and March 31, 2019.






(629,679)






(628,268)

General Partner

(234,421)

(234,407)

(864,100)

(862,675)

$

248,505

$

236,612

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 34

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

176,009

178,285

Other assets

-

-

$

176,009

$

178,285

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

2,702,195

2,689,830

Capital contributions payable

-

-

2,702,195

2,689,830

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,529,319 issued and 3,496,419
outstanding as of June 30, 2019
and March 31, 2019.






(2,200,535)






(2,186,040)

General Partner

(325,651)

(325,505)

(2,526,186)

(2,511,545)

$

176,009

$

178,285

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 35

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

4,398,455

4,395,774

Other assets

-

-

$

4,398,455

$

4,395,774

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,300,463 issued and 3,277,913
outstanding as of June 30, 2019
and March 31, 2019.






4,636,495






4,633,841

General Partner

(238,040)

(238,067)

4,398,455

4,395,774

$

4,398,455

$

4,395,774

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 36

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

3,017,079

2,541,359

Other assets

-

-

$

3,017,079

$

2,541,359

LIABILITIES

Accounts payable and accrued expenses

$

24,806

$

24,706

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

24,806

24,706

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,106,838 issued and 2,083,704
outstanding as of June 30, 2019
and March 31, 2019.






3,141,014






2,670,150

General Partner

(148,741)

(153,497)

2,992,273

2,516,653

$

3,017,079

$

2,541,359

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 37

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,512,500 issued and 2,489,100
outstanding as of June 30, 2019
and March 31, 2019.






205,359






205,359

General Partner

(205,359)

(205,359)

-

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 38

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

2,958,371

1,499,106

Other assets

-

-

$

2,958,371

$

1,499,106

LIABILITIES

Accounts payable and accrued expenses

$

14,000

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

14,000

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,543,100 issued and 2,536,200
outstanding as of June 30, 2019
and March 31, 2019.






3,133,211






1,702,399

General Partner

(188,840)

(203,293)

2,944,371

1,499,106

$

2,958,371

$

1,499,106

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 39

 

 

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

-

-

Other assets

-

-

$

-

$

-

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

-

-

-

-

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,292,151 issued and 2,288,351
outstanding as of June 30, 2019
and March 31, 2019.






196,043






196,043

General Partner

(196,043)

(196,043)

-

-

$

-

$

-

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 40

 

 

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

186,608

193,344

Other assets

-

-

$

186,608

$

193,344

LIABILITIES

Accounts payable and accrued expenses

$

-

$

9,500

Accounts payable affiliates (Note C)

2,245,083

2,224,213

Capital contributions payable

102

102

2,245,185

2,233,815

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,630,256 issued and 2,611,356
outstanding as of June 30, 2019
and March 31, 2019.






(1,813,048)






(1,795,123)

General Partner

(245,529)

(245,348)

(2,058,577)

(2,040,471)

$

186,608

$

193,344

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 41

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

300,911

246,214

Other assets

-

-

$

300,911

$

246,214

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

2,547,686

2,513,609

Capital contributions payable

-

-

2,547,686

2,513,609

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,891,626 issued and 2,872,426
outstanding as of June 30, 2019
and March 31, 2019.






(1,975,139)






(1,995,553)

General Partner

(271,636)

(271,842)

(2,246,775)

(2,267,395)

$

300,911

$

246,214

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

Series 42

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,282,338

1,300,483

Other assets

11,300

11,300

$

1,293,638

$

1,311,783

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

-

-

Capital contributions payable

254

254

254

254

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,744,262 issued and 2,722,862
outstanding as of June 30, 2019
and March 31, 2019.






1,521,387






1,539,351

General Partner

(228,003)

(227,822)

1,293,384

1,311,529

$

1,293,638

$

1,311,783

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 43

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,482,020

414,540

Other assets

-

-

$

1,482,020

$

414,540

LIABILITIES

Accounts payable and accrued expenses

$

4,950

$

-

Accounts payable affiliates (Note C)

199,370

168,259

Capital contributions payable

-

-

204,320

168,259

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
3,637,987 issued and 3,627,487
outstanding as of June 30, 2019
and March 31, 2019.






1,586,444






565,339

General Partner

(308,744)

(319,058)

1,277,700

246,281

$

1,482,020

$

414,540

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 44

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

1,182,349

113,020

Other assets

-

-

$

1,182,349

$

113,020

LIABILITIES

Accounts payable and accrued expenses

$

6,050

$

-

Accounts payable affiliates (Note C)

2,895,893

3,076,825

Capital contributions payable

-

-

2,901,943

3,076,825

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,701,973 issued and 2,689,173
outstanding as of June 30, 2019
and March 31, 2019.






(1,464,950)






(2,696,719)

General Partner

(254,644)

(267,086)

(1,719,594)

(2,963,805)

$

1,182,349

$

113,020

 

The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 45

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

945,441

916,581

Other assets

-

-

$

945,441

$

916,581

LIABILITIES

Accounts payable and accrued expenses

$

516,110

$

516,110

Accounts payable affiliates (Note C)

2,393,993

2,334,349

Capital contributions payable

16,724

16,724

2,926,827

2,867,183

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
4,014,367 issued and 4,007,167
outstanding as of June 30, 2019
and March 31, 2019.






(1,607,910)






(1,577,434)

General Partner

(373,476)

(373,168)

(1,981,386)

(1,950,602)

$

945,441

$

916,581


The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED BALANCE SHEETS

(Unaudited)

 

Series 46

 


June 30,
2019


March 31,
2019

INVESTMENTS IN OPERATING PARTNERSHIPS 

$

-

$

-

OTHER ASSETS

Cash and cash equivalents

350,693

321,175

Other assets

3,788

3,788

$

354,481

$

324,963

LIABILITIES

Accounts payable and accrued expenses

$

-

$

-

Accounts payable affiliates (Note C)

1,953,485

1,901,186

Capital contributions payable

-

-

1,953,485

1,901,186

PARTNERS' CAPITAL (DEFICIT)

Assignees

Units of limited partnership 
interest, $10 stated value per BAC; 
101,500,000 authorized BACs; 
2,980,998 issued and 2,965,635
outstanding as of June 30, 2019
and March 31, 2019.






(1,320,272)






(1,297,719)

General Partner

(278,732)

(278,504)

(1,599,004)

(1,576,223)

$

354,481

$

324,963

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

 

 

 

 

   

2019

 

2018

Income

       

Interest income

$

69,800

$

50,858

Other income

 

107,605

 

186,487

177,405

237,345

         

Gain on disposition of
Operating Partnerships


4,884,617


1,189,317

         

Expenses

       

Professional fees

 

13,567

 

368,127

Fund management fee, net (Note C) 

 

244,682

 

411,725

General and administrative expenses

 

103,473

 

84,278

   

361,722

 

864,130

         

NET INCOME (LOSS)

$

4,700,300

$

562,532

         

Net income (loss) allocated to 
assignees


$


4,653,296


$


556,906

         

Net income (loss) allocated to general
partner


$


47,004


$


5,626

         

Net income (loss) per BAC

$

.06

$

.01



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 20

 

 

   

2019

 

2018

Income

Interest income

$

-

$

587

Other income

 

-

 

-

   

-

 

587

         
         

Gain on disposition of
Operating Partnerships

 


-

 


155,337

         

Expenses

       

Professional fees

 

-

 

10,105

Fund management fee, net (Note C) 

 

-

 

2,271

General and administrative expenses

 

-

 

3,981

   

-

 

16,357

         

NET INCOME (LOSS)

$

-

$

139,567

         

Net income (loss) allocated to 
assignees


$


-


$


138,171

         

Net income (loss) allocated to general
partner


$


-


$


1,396

         

Net income (loss) per BAC

$

-

$

.04



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 21

 

 

 

2019

2018

Income

       

Interest income

$

-

$

-

Other income

 

-

 

-

   

-

 

-

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

-

 

-

Fund management fee, net (Note C) 

 

-

 

-

General and administrative expenses

 

-

 

-

   

-

 

-

         

NET INCOME (LOSS)

$

-

$

-

         

Net income (loss) allocated to 
assignees


$


-


$


-

         

Net income (loss) allocated to general
partner


$


-


$


-

         

Net income (loss) per BAC

$

-

$

-



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 22

 

 

 

   

2019

 

2018

Income

       

Interest income

$

-

$

532

Other income

 

-

 

-

   

-

 

532

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

-

 

9,480

Fund management fee, net (Note C) 

 

-

 

5,926

General and administrative expenses

 

-

 

3,365

   

-

 

18,771

         

NET INCOME (LOSS)

$

-

$

(18,239)

         

Net income (loss) allocated to 
assignees


$


-


$


(18,057)

         

Net income (loss) allocated to general
partner


$


-


$


(182)

         

Net income (loss) per BAC

$

-

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 23

 

 

 

   

2019

 

2018

Income

       

Interest income

$

-

$

923

Other income

 

-

 

1,977

   

-

 

2,900

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

-

 

10,915

Fund management fee, net (Note C) 

 

-

 

1,950

General and administrative expenses

 

-

 

3,860

   

-

 

16,725

         

NET INCOME (LOSS)

$

-

$

(13,825)

         

Net income (loss) allocated to 
assignees


$


-


$


(13,687)

         

Net income (loss) allocated to general
partner


$


-


$


(138)

         

Net income (loss) per BAC

$

-

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

 

Series 24

 

 

 

   

2019

 

2018

Income

Interest income

$

788

$

593

Other income

 

1,680

 

-

   

2,468

 

593

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

657

 

11,995

Fund management fee, net (Note C) 

 

7,943

 

10,761

General and administrative expenses

 

4,782

 

3,165

   

13,382

 

25,921

         

NET INCOME (LOSS)

$

(10,914)

$

(25,328)

         

Net income (loss) allocated to 
assignees


$


(10,805)


$


(25,075)

         

Net income (loss) allocated to general
partner


$


(109)


$


(253)

         

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 25

 

 

 

   

2019

 

2018

Income

Interest income

$

-

$

-

Other income

 

-

 

-

   

-

 

-

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

-

 

-

Fund management fee, net (Note C) 

 

-

 

-

General and administrative expenses

 

-

 

-

   

-

 

-

         

NET INCOME (LOSS)

$

-

$

-

         

Net income (loss) allocated to 
assignees


$


-


$


-

         

Net income (loss) allocated to general
partner


$


-


$


-

         

Net income (loss) per BAC

$

-

$

-



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 26

 

 

 

   

2019

 

2018

Income

       

Interest income

$

1,124

$

924

Other income

 

420

 

420

   

1,544

 

1,344

         
         

Gain on disposition of
Operating Partnerships

 


-

 


10,500

         

Expenses

       

Professional fees

 

657

 

18,280

Fund management fee, net (Note C) 

 

12,938

 

14,609

General and administrative expenses

 

6,809

 

4,192

   

20,404

 

37,081

         

NET INCOME (LOSS)

$

(18,860)

$

(25,237)

         

Net income (loss) allocated to 
assignees


$


(18,671)


$


(24,985)

         

Net income (loss) allocated to general
partner


$


(189)


$


(252)

         

Net income (loss) per BAC

$

(.00)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 27

 

 

 

   

2019

 

2018

Income

       

Interest income

$

20,302

$

12,472

Other income

 

-

 

-

   

20,302

 

12,472

         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

657

 

11,990

Fund management fee, net (Note C) 

 

5,255

 

7,635

General and administrative expenses

 

4,835

 

3,205

   

10,747

 

22,830

         

NET INCOME (LOSS)

$

9,555

$

(10,358)

         

Net income (loss) allocated to 
assignees


$


9,459


$


(10,254)

         

Net income (loss) allocated to general
partner


$


96


$


(104)

         

Net income (loss) per BAC

$

.00

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 28

 

 

 

   

2019

 

2018

Income

       

Interest income

$

1,211

$

930

Other income

 

446

 

446

   

1,657

 

1,376

         
         

Gain on disposition of
Operating Partnerships

 


-

 


8,500

         

Expenses

       

Professional fees

 

657

 

10,740

Fund management fee, net (Note C) 

 

5,296

 

6,844

General and administrative expenses

 

6,377

 

3,852

   

12,330

 

21,436

         

NET INCOME (LOSS)

$

(10,673)

$

(11,560)

         

Net income (loss) allocated to 
assignees


$


(10,566)


$


(11,444)

         

Net income (loss) allocated to general
partner


$


(107)


$


(116)

         

Net income (loss) per BAC

$

(.00)

$

(.00)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 29

 

 

 

   

2019

 

2018

Income

       

Interest income

$

725

$

1,245

Other income

 

-

 

-

   

725

 

1,245

         
         

Gain on disposition of
Operating Partnerships

 


-

 


123,094

         

Expenses

       

Professional fees

 

657

 

13,255

Fund management fee, net (Note C) 

 

7,260

 

15,093

General and administrative expenses

 

5,832

 

4,021

   

13,749

 

32,369

         

NET INCOME (LOSS)

$

(13,024)

$

91,970

         

Net income (loss) allocated to 
assignees


$


(12,894)


$


91,050

         

Net income (loss) allocated to general
partner


$


(130)


$


920

         

Net income (loss) per BAC

$

(.00)

$

.02



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 30

 

 

 

   

2019

 

2018

Income

       

Interest income

$

-

$

799

Other income

 

-

 

2,049

   

-

 

2,848

         
         

Gain on disposition of
Operating Partnerships

 


-

 


24,006

         

Expenses

       

Professional fees

 

-

 

14,505

Fund management fee, net (Note C) 

 

-

 

5,112

General and administrative expenses

 

-

 

3,160

   

-

 

22,777

         

NET INCOME (LOSS)

$

-

$

4,077

         

Net income (loss) allocated to 
assignees


$


-


$


4,036

         

Net income (loss) allocated to general
partner


$


-


$


41

         

Net income (loss) per BAC

$

-

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 31

 

 

 

   

2019

 

2018

Income

       

Interest income

$

4,004

$

3,970

Other income

 

-

 

476

   

4,004

 

4,446

         
         

Gain on disposition of
Operating Partnerships

 


587,469

 


7,500

         

Expenses

       

Professional fees

 

657

 

15,140

Fund management fee, net (Note C) 

 

(59,987)

 

17,592

General and administrative expenses

 

6,751

 

3,987

   

(52,579)

 

36,719

         

NET INCOME (LOSS)

$

644,052

$

(24,773)

         

Net income (loss) allocated to 
assignees


$


637,611


$


(24,525)

         

Net income (loss) allocated to general
partner


$


6,441


$


(248)

         

Net income (loss) per BAC

$

.15

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 32

 

 

 

   

2019

 

2018

Income

       

Interest income

$

922

$

1,270

Other income

 

-

 

-

   

922

 

1,270

         
         

Gain on disposition of
Operating Partnerships

 


-

 


487,880

         

Expenses

       

Professional fees

 

1,199

 

13,637

Fund management fee, net (Note C) 

 

6,794

 

22,087

General and administrative expenses

 

6,699

 

4,063

   

14,692

 

39,787

         

NET INCOME (LOSS)

$

(13,770)

$

449,363

         

Net income (loss) allocated to 
assignees


$


(13,632)


$


444,869

         

Net income (loss) allocated to general
partner


$


(138)


$


4,494

         

Net income (loss) per BAC

$

(.00)

$

.09



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,

(Unaudited)

Series 33

 

 

 

   

2019

 

2018

Income

       

Interest income

$

862

$

942

Other income

 

-

 

-

   

862

 

942

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

1,199

 

11,990

Fund management fee, net (Note C) 

(4,102)

13,318

General and administrative expenses

 

5,190

 

3,056

   

2,287

 

28,364

         

NET INCOME (LOSS)

$

(1,425)

$

(27,422)

         

Net income (loss) allocated to 
assignees


$


(1,411)


$


(27,148)

         

Net income (loss) allocated to general
partner


$


(14)


$


(274)

         

Net income (loss) per BAC

$

(.00)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 34

 

 

 

   

2019

 

2018

Income

Interest income

$

633

$

593

Other income

 

-

 

-

   

633

 

593

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

657

 

10,110

Fund management fee, net (Note C) 

 

9,365

 

12,366

General and administrative expenses

 

5,252

 

3,476

   

15,274

 

25,952

NET INCOME (LOSS)

$

(14,641)

$

(25,359)

         

Net income (loss) allocated to 
assignees


$


(14,495)


$


(25,105)

         

Net income (loss) allocated to general
partner


$


(146)


$


(254)

         

Net income (loss) per BAC

$

(.00)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 35

 

 

 

   

2019

 

2018

Income

       

Interest income

$

12,191

$

7,811

Other income

 

3,782

 

-

15,973

7,811

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

Professional fees

 

657

 

10,285

Fund management fee, net (Note C) 

 

7,453

 

10,653

General and administrative expenses

 

5,182

 

3,443

   

13,292

 

24,381

         

NET INCOME (LOSS)

$

2,681

$

(16,570)

         

Net income (loss) allocated to 
assignees


$


2,654


$


(16,404)

         

Net income (loss) allocated to general
partner


$


27


$


(166)

         

Net income (loss) per BAC

$

.00

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 36

 

 

 

   

2019

 

2018

Income

       

Interest income

$

9,963

$

4,438

Other income

 

-

 

5,119

   

9,963

 

9,557

         
         

Gain on disposition of
Operating Partnerships

 


476,325

 


-

         

Expenses

       

Professional fees

 

657

 

44,542

Fund management fee, net (Note C) 

 

5,172

 

5,716

General and administrative expenses

 

4,839

 

2,825

   

10,668

 

53,083

         

NET INCOME (LOSS)

$

475,620

$

(43,526)

         

Net income (loss) allocated to 
assignees


$


470,864


$


(43,091)

         

Net income (loss) allocated to general
partner


$


4,756


$


(435)

         

Net income (loss) per BAC

$

.23

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 37

 

 

 

   

2019

 

2018

Income

Interest income

$

-

$

810

Other income

 

-

 

21,485

   

-

 

22,295

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

-

 

9,655

Fund management fee, net (Note C) 

 

-

 

2,166

General and administrative expenses

 

-

 

2,916

   

-

 

14,737

         

NET INCOME (LOSS)

$

-

$

7,558

         

Net income (loss) allocated to 
assignees


$


-


$


7,482

         

Net income (loss) allocated to general
partner


$


-


$


76

         

Net income (loss) per BAC

$

-

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 38

 

 

 

   

2019

 

2018

Income

Interest income

$

3,202

$

2,836

Other income

 

-

 

26,000

   

3,202

 

28,836

         
         

Gain on disposition of
Operating Partnerships

 


1,463,974

 


7,000

         

Expenses

       

Professional fees

 

657

 

10,470

Fund management fee, net (Note C) 

 

16,581

 

15,234

General and administrative expenses

 

4,673

 

3,019

   

21,911

 

28,723

         

NET INCOME (LOSS)

$

1,445,265

$

7,113

         

Net income (loss) allocated to 
assignees


$


1,430,812


$


7,042

         

Net income (loss) allocated to general
partner


$


14,453


$


71

         

Net income (loss) per BAC

$

.56

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 39

 

 

 

   

2019

 

2018

Income

       

Interest income

$

-

$

-

Other income

 

-

 

-

   

-

 

-

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

-

 

-

Fund management fee, net (Note C) 

 

-

 

-

General and administrative expenses

 

-

 

-

   

-

 

-

         

NET INCOME (LOSS)

$

-

$

-

         

Net income (loss) allocated to 
assignees


$


-


$


-

         

Net income (loss) allocated to general
partner


$


-


$


-

         

Net income (loss) per BAC

$

-

$

-



The accompanying notes are an integral part of this condensed statement

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 40

 

 

 

   

2019

 

2018

Income

       

Interest income

$

696

$

631

Other income

-

-

   

696

 

631

         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

657

 

14,695

Fund management fee, net (Note C) 

 

13,490

 

24,444

General and administrative expenses

 

4,655

 

3,231

   

18,802

 

42,370

         

NET INCOME (LOSS)

$

(18,106)

$

(41,739)

         

Net income (loss) allocated to 
assignees


$


(17,925)


$


(41,322)

         

Net income (loss) allocated to general
partner


$


(181)


$


(417)

         

Net income (loss) per BAC

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 41

 

 

 

   

2019

 

2018

Income

       

Interest income

$

805

$

1,202

Other income

 

46,062

 

41,340

   

46,867

 

42,542

         
         

Gain on disposition of
Operating Partnerships

 


-

 


14,000

         

Expenses

       

Professional fees

 

657

 

21,605

Fund management fee, net (Note C) 

 

20,581

 

23,784

General and administrative expenses

 

5,009

 

3,523

   

26,247

 

48,912

         

NET INCOME (LOSS)

$

20,620

$

7,630

         

Net income (loss) allocated to 
assignees


$


20,414


$


7,554

         

Net income (loss) allocated to general
partner


$


206


$


76

         

Net income (loss) per BAC

$

.01

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 42

 

 

 

   

2019

 

2018

Income

       

Interest income

$

4,771

$

3,114

Other income

 

4,854

 

6,300

   

9,625

 

9,414

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

Expenses

       

Professional fees

 

657

 

19,540

Fund management fee, net (Note C) 

 

22,286

 

18,147

General and administrative expenses

 

4,827

 

3,190

   

27,770

 

40,877

         

NET INCOME (LOSS)

$

(18,145)

$

(31,463)

         

Net income (loss) allocated to 
assignees


$


(17,964)


$


(31,148)

         

Net income (loss) allocated to general
partner


$


(181)


$


(315)

         

Net income (loss) per BAC

$

(.01)

$

(.01)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 43

 

 

 

   

2019

 

2018

Income

       

Interest income

$

2,088

$

1,935

Other income

 

874

 

49,005

   

2,962

 

50,940

         
         

Gain on disposition of
Operating Partnerships

 


1,060,582

 


9,000

         

Expenses

       

Professional fees

 

657

 

20,810

Fund management fee, net (Note C) 

 

26,111

 

28,083

General and administrative expenses

 

5,357

 

3,727

   

32,125

 

52,620

         

NET INCOME (LOSS)

$

1,031,419

$

7,320

         

Net income (loss) allocated to 
assignees


$


1,021,105


$


7,247

         

Net income (loss) allocated to general
partner


$


10,314


$


73

         

Net income (loss) per BAC

$

.28

$

.00



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 44

 

 

 

   

2019

 

2018

Income

       

Interest income

$

584

$

145

Other income

 

794

 

-

   

1,378

 

145

         
         

Gain on disposition of
Operating Partnerships

 


1,296,267

 


-

         

Expenses

       

Professional fees

 

657

 

12,360

Fund management fee, net (Note C) 

 

47,931

 

44,464

General and administrative expenses

 

4,846

 

3,180

   

53,434

 

60,004

         

NET INCOME (LOSS)

$

1,244,211

$

(59,859)

         

Net income (loss) allocated to 
assignees


$


1,231,769


$


(59,260)

         

Net income (loss) allocated to general
partner


$


12,442


$


(599)

         

Net income (loss) per BAC

$

.46

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 45

 

 

 

   

2019

 

2018

Income

       

Interest income

$

3,828

$

1,445

Other income

 

22,313

 

22,205

   

26,141

 

23,650

         
         

Gain on disposition of
Operating Partnerships

 


-

 


342,500

         

Expenses

       

Professional fees

 

657

 

25,613

Fund management fee, net (Note C) 

 

49,844

 

57,517

General and administrative expenses

 

6,424

 

4,379

   

56,925

 

87,509

         

NET INCOME (LOSS)

$

(30,784)

$

278,641

         

Net income (loss) allocated to 
assignees


$


(30,476)


$


275,855

Net income (loss) allocated to general
partner


$


(308)


$


2,786

         

Net income (loss) per BAC

$

(.01)

$

.07



The accompanying notes are an integral part of this condensed statement

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF OPERATIONS
Three Months Ended June 30,
(Unaudited)

Series 46

 

 

 

2019

2018

Income

       

Interest income

$

1,101

$

711

Other income

 

26,380

 

9,665

   

27,481

 

10,376

         
         

Gain on disposition of
Operating Partnerships

 


-

 


-

         

Expenses

       

Professional fees

 

657

 

16,410

Fund management fee, net (Note C) 

 

44,471

 

45,953

General and administrative expenses

 

5,134

 

3,462

   

50,262

 

65,825

         

NET INCOME (LOSS)

$

(22,781)

$

(55,449)

         

Net income (loss) allocated to 
assignees


$


(22,553)


$


(54,895)

         

Net income (loss) allocated to general
partner


$


(228)


$


(554)

         

Net income (loss) per BAC

$

(.01)

$

(.02)



The accompanying notes are an integral part of this condensed statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
(DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)

             


 


Assignees

 

General
Partner

 


Total

             

Partners' capital
(deficit)
  April 1, 2019



$



3,656,782



$



(587,493)



$



3,069,289

             

Net income (loss)

 

4,653,296

 

47,004

 

4,700,300

             

Partners' capital
(deficit),
  June 30, 2019



$



8,310,078



$



(540,489)



$



7,769,589



















 

 










 

 






The accompanying notes are an integral part of this condensed statement

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 20

           

Partners' capital
(deficit)
  April 1, 2019



$



(754,767)



$



754,767



$



-

             

Net income (loss)

 

-

 

-

 

-

             

Partners' capital
(deficit),
  June 30, 2019



$



(754,767)



$



754,767



$



-



 


Assignees

 

General
Partner

 


Total

Series 21

           

Partners' capital
(deficit)
  April 1, 2019



$



(898,231)



$



898,231



$



-

             

Net income (loss)

 

-

 

-

 

-

             

Partners' capital
(deficit),
  June 30, 2019



$



(898,231)



$



898,231



$



-



 


Assignees

 

General
Partner

 


Total

Series 22

           

Partners' capital
(deficit)
  April 1, 2019



$



(2,448,362)



$



2,448,362



$



-

             

Net income (loss)

 

-

 

-

 

-

             

Partners' capital
(deficit),
  June 30, 2019



$



(2,448,362)



$



2,448,362



$



-

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 23

           

Partners' capital
(deficit)
  April 1, 2019



$



(224,264)



$



224,264



$



-

             

Net income (loss)

-

-

-

             

Partners' capital
(deficit),
  June 30, 2019



$



(224,264)



$



224,264



$



-



 


Assignees

 

General
Partner

 


Total

Series 24

           

Partners' capital
(deficit)
  April 1, 2019



$



577,250



$



(175,232)



$



402,018

             

Net income (loss)

 

(10,805)

 

(109)

 

(10,914)

             

Partners' capital
(deficit),
  June 30, 2019



$



566,445



$



(175,341)



$



391,104



 


Assignees

 

General
Partner

 


Total

Series 25

           

Partners' capital
(deficit)
  April 1, 2019



$



219,815



$



(219,815)



$



-

             

Net income (loss)

 

-

 

-

 

-

             

Partners' capital
(deficit),
  June 30, 2019



$



219,815



$



(219,815)



$



-

 

 

 

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 26

           

Partners' capital
(deficit)
  April 1, 2019



$



867,237



$



(312,798)



$



554,439

             

Net income (loss)

 

(18,671)

 

(189)

 

(18,860)

             

Partners' capital
(deficit),
  June 30, 2019



$



848,566



$



(312,987)



$



535,579



 


Assignees

 

General
Partner

 


Total

Series 27

           

Partners' capital
(deficit)
  April 1, 2019



$



6,641,679



$



(141,445)



$



6,500,234

             

Net income (loss)

 

9,459

 

96

 

9,555

             

Partners' capital
(deficit),
  June 30, 2019



$



6,651,138



$



(141,349)



$



6,509,789


 


Assignees

 

General
Partner

 


Total

Series 28

           

Partners' capital
(deficit)
  April 1, 2019



$



965,536



$



(274,931)



$



690,605

             

Net income (loss)

 

(10,566)

 

(107)

 

(10,673)

             

Partners' capital
(deficit),
  June 30, 2019



$



954,970



$



(275,038)



$



679,932

 

 

 

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 29

           

Partners' capital
(deficit)
  April 1, 2019



$



(2,513,222)



$



(367,454)



$



(2,880,676)

             

Net income (loss)

 

(12,894)

 

(130)

 

(13,024)

             

Partners' capital
(deficit),
  June 30, 2019



$



(2,526,116)



$



(367,584)



$



(2,893,700)



 


Assignees

 

General
Partner

 


Total

Series 30

           

Partners' capital
(deficit)
  April 1, 2019



$



(883,119)



$



883,119



$



-

             

Net income (loss)

 

-

 

-

 

-

             

Partners' capital
(deficit),
  June 30, 2019



$



(883,119)



$



-



$



-



 


Assignees

 

General
Partner

 


Total

Series 31

           

Partners' capital
(deficit)
  April 1, 2019



$



2,313,293



$



(359,723)



$



1,953,570

             

Net income (loss)

 

637,611

 

6,441

 

644,052

             

Partners' capital
(deficit),
  June 30, 2019



$



2,950,904



$



(353,282)



$



2,597,622

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 32

           

Partners' capital
(deficit)
  April 1, 2019



$



458,311



$



(405,839)



$



52,472

             

Net income (loss)

 

(13,632)

 

(138)

 

(13,770)

             

Partners' capital
(deficit),
  June 30, 2019



$



444,679



$



(405,977)



$



38,702



 


Assignees

 

General
Partner

 


Total

Series 33

           

Partners' capital
(deficit)
  April 1, 2019



$



(628,268)



$



(234,407)



$



(862,675)

             

Net income (loss)

 

(1,411)

 

(14)

 

(1,425)

             

Partners' capital
(deficit),
  June 30, 2019



$



(629,679)



$



(234,421)



$



(864,100)



 


Assignees

 

General
Partner

 


Total

Series 34

           

Partners' capital
(deficit)
  April 1, 2019



$



(2,186,040)



$



(325,505)



$



(2,511,545)

             

Net income (loss)

 

(14,495)

 

(146)

 

(14,641)

             

Partners' capital
(deficit),
  June 30, 2019



$



(2,200,535)



$



(325,651)



$



(2,526,186)

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 35

           

Partners' capital
(deficit)
  April 1, 2019



$



4,633,841



$



(238,067)



$



4,395,774

             

Net income (loss)

 

2,654

 

27

 

2,681

             

Partners' capital
(deficit),
  June 30, 2019



$



4,636,495



$



(238,040)



$



4,398,455



 


Assignees

 

General
Partner

 


Total

Series 36

           

Partners' capital
(deficit)
  April 1, 2019



$



2,670,150



$



(153,497)



$



2,516,653

             

Net income (loss)

 

470,864

 

4,756

 

475,620

             

Partners' capital
(deficit),
  June 30, 2019



$



3,141,014



$



(148,741)



$



2,992,273



 


Assignees

 

General
Partner

 


Total

Series 37

           

Partners' capital
(deficit)
  April 1, 2019



$



205,359



$



(205,359)



$



-

Net income (loss)

 

-

 

-

 

-

             

Partners' capital
(deficit),
  June 30, 2019



$



205,359



$



(205,359)



$



-

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 38

           

Partners' capital
(deficit)
  April 1, 2019



$



1,702,399



$



(203,293)



$



1,499,106

Net income (loss)

1,430,812

14,453

1,445,265

Partners' capital
(deficit),
  June 30, 2019



$



3,133,211



$



(188,840)



$



2,944,371



 


Assignees

 

General
Partner

 


Total

Series 39

           

Partners' capital
(deficit)
  April 1, 2019



$



196,043



$



(196,043)



$



-

             

Net income (loss)

-

-

-

             

Partners' capital
(deficit),
  June 30, 2019



$



196,043



$



(196,043)



$



-



 


Assignees

 

General
Partner

 


Total

Series 40

           

Partners' capital
(deficit)
  April 1, 2019



$



(1,795,123)



$



(245,348)



$



(2,040,471)

             

Net income (loss)

 

(17,925)

 

(181)

 

(18,106)

             

Partners' capital
(deficit),
  June 30, 2019



$



(1,813,048)



$



(245,529)



$



(2,058,577)

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 41

           

Partners' capital
(deficit)
  April 1, 2019



$



(1,995,553)



$



(271,842)



$



(2,267,395)

             

Net income (loss)

 

20,414

 

206

 

20,620

             

Partners' capital
(deficit),
  June 30, 2019



$



(1,975,139)



$



(271,636)



$



(2,246,775)



 


Assignees

 

General
Partner

 


Total

Series 42

           

Partners' capital
(deficit)
  April 1, 2019



$



1,539,351



$



(227,822)



$



1,311,529

             

Net income (loss)

 

(17,964)

 

(181)

 

(18,145)

             

Partners' capital
(deficit),
  June 30, 2019



$



1,521,387



$



(228,003)



$



1,293,384



 


Assignees

 

General
Partner

 


Total

Series 43

           

Partners' capital
(deficit)
  April 1, 2019



$



565,339



$



(319,058)



$



246,281

             

Net income (loss)

 

1,021,105

 

10,314

 

1,031,419

             

Partners' capital
(deficit),
  June 30, 2019



$



1,586,444



$



(308,744)



$



1,277,700

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (DEFICIT)

Three Months Ended June 30, 2019
(Unaudited)


 


Assignees

 

General
Partner

 


Total

Series 44

           

Partners' capital
(deficit)
  April 1, 2019



$



(2,696,719)



$



(267,086)



$



(2,963,805)

             

Net income (loss)

 

1,231,769

 

12,442

 

1,244,211

             

Partners' capital
(deficit),
  June 30, 2019



$



(1,464,950)



$



(254,644)



$



(1,719,594)



 


Assignees

 

General
Partner

 


Total

Series 45

           

Partners' capital
(deficit)
  April 1, 2019



$



(1,577,434)



$



(373,168)



$



(1,950,602)

             

Net income (loss)

(30,476)

(308)

(30,784)

             

Partners' capital
(deficit),
  June 30, 2019



$



(1,607,910)



$



(373,476)



$



(1,981,386)



 


Assignees

 

General
Partner

 


Total

Series 46

           

Partners' capital
(deficit)
  April 1, 2019



$



(1,297,719)



$



(278,504)



$



(1,576,223)

             

Net income (loss)

 

(22,553)

 

(228)

 

(22,781)

             

Partners' capital
(deficit),
  June 30, 2019



$



(1,320,272)



$



(278,732)



$



(1,599,004)

 

 

 

 

 

 

 

 

 

 

 


The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

   

2019

 

2018

Cash flows from operating activities:

       

Net income (loss)

$

4,700,300

$

562,532

Adjustments to reconcile net income
(loss) to net cash provided by   (used in) operating activities

       

Share of (income) from 
   Operating Partnerships

 


(4,884,617)

 


(1,189,317)

Changes in assets and liabilities

       

(Decrease) Increase in accounts
   payable and accrued expenses

 


23,600

 


57,500

(Decrease) Increase in accounts
   payable affiliates

 


69,806

 


(2,401,876)

Net cash provided by (used in) 
operating activities

 


(90,911)

 


(2,971,161)

Cash flows from investing activities:

       

Proceeds from the disposition of     Operating Partnerships

 


4,884,617

 


1,189,217

Net cash (used in) provided by
investing activities

 


4,884,617

 


1,189,217

-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


4,793,706

 


(1,781,944)

Cash and cash equivalents, beginning

 

22,926,529

 

27,208,717

Cash and cash equivalents, ending

$

27,720,235

$

25,426,773

 

Supplemental schedule of noncash

investing and financing activities:

 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




25,000




$




-

 

 

 

 

 

 

 




 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 20

 

   

2019

 

2018

Cash flows from operating activities:

       

Net income (loss)

$

-

$

139,567

Adjustments to reconcile net income
(loss) to net cash provided by   (used in) operating activities

       

Share of (income) from 
   Operating Partnerships



-

 


(155,337)

Changes in assets and liabilities

       

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(135,229)

Net cash provided by (used in) 
operating activities

 


-

 


(150,999)

Cash flows from investing activities:

       

Proceeds from the disposition of     Operating Partnerships

 


-

 


155,337

Net cash (used in) provided by
investing activities

 


-

 


155,337

-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


4,338

Cash and cash equivalents, beginning

 

-

 

241,987

Cash and cash equivalents, ending

$

-

$

246,325

 

Supplemental schedule of noncash

investing and financing activities:

 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

 

 

 


 

 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 21

 

   

2019

 

2018

Cash flows from operating activities:

Net income (loss)

$

-

$

-

Adjustments to reconcile net income
(loss) to net cash provided by   (used in) operating activities

       

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

       

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash provided by (used in) 
operating activities

 


-

 


-

Cash flows from investing activities:

       

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


-

Cash and cash equivalents, beginning

 

-

 

-

Cash and cash equivalents, ending

$

-

$

-

 


Supplemental schedule of noncash

investing and financing activities:

 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

 

 

 




 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 22

 

   

2019

 

2018

Cash flows from operating activities:

       

Net income (loss)

$

-

$

(18,239)

Adjustments to reconcile net income
(loss) to net cash provided by   (used in) operating activities

       

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

       

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


6,426

Net cash provided by (used in) 
operating activities

 


-

 


(11,813)

Cash flows from investing activities:

       

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


(11,813)

Cash and cash equivalents, beginning

 

-

 

221,864

Cash and cash equivalents, ending

$

-

$

210,051

 


Supplemental schedule of noncash

investing and financing activities:

 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

 

 

 

 

 

 




 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 23

 

   

2019

 

2018

Cash flows from operating activities:

       

Net income (loss)

$

-

$

(13,825)

Adjustments to reconcile net income
(loss) to net cash provided by   (used in) operating activities

       

Share of (income) from 
   Operating Partnerships


-


-

Changes in assets and liabilities

       

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


-

(Decrease) Increase in accounts
   payable affiliates

 


-

 


(194,444)

Net cash provided by (used in) 
operating activities

 


-

 


(208,269)

Cash flows from investing activities:

       

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


-

 


(208,269)

Cash and cash equivalents, beginning

 

-

 

446,136

Cash and cash equivalents, ending

$

-

$

237,867

 


Supplemental schedule of noncash

investing and financing activities:

 

The Fund applied notes receivable and advances to its capital contribution obligation to Operating Partnerships.




$




-




$




-

 

 

 

 


 

 

 

 

 

 

 

The accompanying notes are an integral part of this condensed statement

 

 

Boston Capital Tax Credit Fund IV L.P.

CONDENSED STATEMENTS OF CASH FLOWS

Three Months Ended June 30,
(Unaudited)

Series 24

 

   

2019

 

2018

Cash flows from operating activities:

       

Net income (loss)

$

(10,914)

$

(25,328)

Adjustments to reconcile net income
(loss) to net cash provided by   (used in) operating activities

       

Share of (income) from 
   Operating Partnerships

 


-

 


-

Changes in assets and liabilities

       

(Decrease) Increase in accounts
   payable and accrued expenses

 


-

 


(5,000)

(Decrease) Increase in accounts
   payable affiliates

 


-

 


-

Net cash provided by (used in) 
operating activities



(10,914)

 


(30,328)

Cash flows from investing activities:

       

Proceeds from the disposition of     Operating Partnerships

 


-

 


-

Net cash (used in) provided by
investing activities

 


-

 


-

-

-

INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS

 


(10,914)

 


(30,328)

Cash and cash equivalents, beginning

 

402,018

 

453,512

Cash and cash equivalents, ending

$

391,104

$

423,184