SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT (NOT INCLUDING CONSOLIDATED SUBSIDIARY PARTNERSHIP)

12 Months Ended

Mar. 31, 2017

Schedule I -Condensed Financial Information of Registrant [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

INDEPENDENCE TAX CREDIT PLUS L.P. IV

SCHEDULE I

CONDENSED SCHEDULE OF FINANCIAL INFORMATION OF REGISTRANT

(Not Including Consolidated Subsidiary Partnerships)

CONDENSED BALANCE SHEETS

	March 31,
	2017		2016
ASSETS
Cash and cash equivalents	$	1,841,212	$	515,178
Cash held in escrow		82,119		82,119
Other assets		67,052		10,942
Total assets	$	1,990,383	$	608,239
LIABILITIES AND PARTNERS' CAPITAL
Due to general partner and affiliates	$	—	$	12,852
Other liabilities		63,579		61,750
Total liabilities		63,579		74,602
Partners’ capital		1,926,804		533,637
Total liabilities and partners’ capital	$	1,990,383	$	608,239

See Report of Independent Registered Public Accounting Firm on Supplementary Information. 

INDEPENDENCE TAX CREDIT PLUS L.P. IV

SCHEDULE I

CONDENSED SCHEDULE OF FINANCIAL INFORMATION OF REGISTRANT

(Not Including Consolidated Subsidiary Partnerships)

CONDENSED STATEMENTS OF OPERATIONS

	For the Years Ended March 31,
	2017		2016
Revenues
Other income	$	—	$	300
Expenses
Administrative and management		448,700		246,293
Administrative and management-related parties		281,597		305,695
Total expenses		730,297		551,988
Loss from operations		(730,297)		(551,688)
Gain on sale of investments in subsidiary partnerships		5,358,628		2,742,986
Equity in loss of subsidiary partnerships *		(3,235,164)		(2,788,920)
Distribution income from subsidiary partnership		—		2,893,071
Net income	$	1,393,167	$	2,295,449

See Report of Independent Registered Public Accounting Firm on Supplementary Information.

*Includes suspended prior year losses of investments in accordance with equity method of accounting, amounting to ($3,418,786) and ($4,738,944) for the years ended March 31, 2017 and 2016, respectively.

INDEPENDENCE TAX CREDIT PLUS L.P. IV

SCHEDULE I

CONDENSED SCHEDULE OF FINANCIAL INFORMATION OF REGISTRANT

(Not Including Consolidated Subsidiary Partnerships)

CONDENSED STATEMENTS OF CASH FLOWS

	For the Years Ended March 31,
	2017		2016
Cash flows from operating activities:
Net income	$	1,393,167	$	2,295,449
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss on subsidiary partnerships		3,235,164		2,788,920
Gain on sale of investments in subsidiary partnerships		(5,358,628)		(2,742,986)
Distribution income from subsidiary partnership		—		(2,893,071)
Changes in operating assets and liabilities:
(Decrease) increase in other assets		(56,110)		5,944
Decrease in due to general partner and affiliates		(12,852)		(2,334,840)
Decrease in other liabilities		1,831		(9,473)
Net cash used in operating activities		(797,428)		(2,890,057)
Cash flows from investing activities:
Proceeds from sales of investments in subsidiary partnerships		2,123,462		—
Net cash provided by investing activities		2,123,462		—
Cash flows from financing activities:
Distributions from subsidiary partnerships		—		2,893,071
Net cash provided by financing activities		—		2,893,071
Net increase in cash and cash equivalents		1,326,034		3,014
Cash and cash equivalents, beginning of year		515,178		512,164
Cash and cash equivalents, end of year	$	1,841,212	$	515,178