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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Mar. 31, 2017
Operating assets.    
Cash and cash equivalents $ 2,123,715 $ 1,841,212
Cash held in escrow   82,119
Due from local general partners and affiliates (Note 2)   56,111
Other assets   10,944
Total operating assets 2,123,715 1,990,386
Assets from discontinued operations (Note 6)    
Property and equipment - (at cost, net of accumulated depreciation of $0 and $2,284,169, respectively)   51,133
Other assets held for sale   429,411
Total assets from discontinued operations   480,544
Total assets 2,123,715 2,470,930
Operating liabilities.    
Accounts payable 23,099 63,619
Due to general partners and affiliates 55,510  
Total operating liabilities 78,609 63,619
Liabilities from discontinued operations (Note 6)    
Mortgage notes payable (net of deferred costs of $0 and $32,299, respectively)   1,527,076
Other liabilities held for sale   304,035
Total liabilities from discontinued operations   1,831,111
Total liabilities 78,609 1,894,730
Commitments and contingencies
Partners’ capital (deficit)    
Limited partners (45,844 BACs issued and outstanding) 2,410,854 901,928
General partner (365,748) (380,989)
Independence Tax Credit Plus L.P. IV total 2,045,106 520,939
Noncontrolling interests   55,261
Total partners’ capital (deficit) 2,045,106 576,200
Total liabilities and partners’ capital (deficit) $ 2,123,715 $ 2,470,930