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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Mar. 31, 2016
Operating assets.    
Cash and cash equivalents (Notes 2 and 3) $ 1,841,212 $ 515,178
Cash held in escrow (Notes 2, 3 and 5) 82,119 82,119
Due from general partners and affiliates (Note 8) 56,111  
Other assets 10,944 10,944
Total operating assets 1,990,386 608,241
Assets from discontinued operations (Note 6)    
Property and equipment, at cost, less accumulated depreciation (Notes 2 and 4) 51,133 181,152
Other assets held for sale 429,411 978,331
Total assets from discontinued operations 480,544 1,159,483
Total assets 2,470,930 1,767,724
Operating liabilities.    
Accounts payable and other liabilities 63,619 61,787
Due to general partners and affiliates   12,852
Total operating liabilities 63,619 74,639
Liabilities from discontinued operations (Note 12)    
Mortgage notes payable (Notes 2, 3 and 7) 1,527,076 4,792,348
Other liabilities held for sale 304,035 954,381
Total liabilities from discontinued operations 1,831,111 5,746,729
Total liabilities 1,894,730 5,821,368
Commitments and contingencies
Partners’ capital (deficit)    
Limited partners (100,000 BACs authorized; 45,844 issued and outstanding) 901,928 (3,812,073)
General partner (380,989) (428,605)
Independence Tax Credit Plus L.P. IV total 520,939 (4,240,678)
Noncontrolling interests 55,261 187,033
Total partners’ capital (deficit) 576,200 (4,053,645)
Total liabilities and partners’ capital (deficit) $ 2,470,930 $ 1,767,724