Investments in Partnerships (Tables)

3 Months Ended

Mar. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of apartment communities owned by Local Partnerships

A schedule of the apartment communities owned by the Local Partnerships at March 31, 2013 in which the Partnership is invested is provided below:



PROPERTY	CITY	STATE	UNITS
Northridge Park	Salinas	CA	104
Tradewinds	Traverse City	MI	122
Westport Village	Freeport	IL	121

Summarized financial information - Statement of Operations




COMBINED STATEMENTS OF OPERATIONS
(Unaudited)
	For the three months ended
	March 31,
	2013						2012

	Equity Method		Suspended		Total		Equity Method		Suspended		Total

Number of Local Partnerships	1 (a)		2 (b)		3		1 (a)		3 (c)		4

Revenue
Rental	$	196,897	$	453,302	$	650,199	$	192,818	$	1,047,540	$	1,240,358
Other	9,459		52,979		62,438		32,721		52,825		85,546
Total revenue	206,356		506,281		712,637		225,539		1,100,365		1,325,904

Expenses:
Operating	160,877		309,857		470,734		160,773		593,592		754,365
Interest	—		81,430		81,430		—		156,185		156,185
Depreciation and amortization	31,757		64,821		96,578		31,084		166,280		197,364
Total expenses	192,634		456,108		648,742		191,857		916,057		1,107,914

Net income	$	13,722	$	50,173	$	63,895	$	33,682	$	184,308	$	217,990

Cash distribution	$	9,023	$	25,089	$	34,112	$	—	$	597,054	597,054

Cash distribution recorded as income	$	—	$	25,089	$	25,089	$	—	$	597,054	$	597,054

Partnership's share of Local
Partnership net income	13,582		—		13,582		33,339		—		33,339

Share of income from partnership	$13,582		$	25,089	$	38,671	$33,339		$	597,054	$	630,393



(a) Tradewinds
(b) Northridge;Westport Village
(c) Fairway Park;Northridge;Westport Village

Schedule of purchase money note

The purchase money note related to the following property matured and has not been paid or extended as of March 31, 2013.



Property	Principal	Accrued Interest as of March 31, 2013	Maturity
Westport Village (1)	$840,000	$3,195,445	9/1/1999

(1) In receivership.

Reconciliation of investments in partnerships

The following is a reconciliation of investments in partnerships at March 31, 2013:



Investments in partnerships at December 31, 2012	$	1,246,665

Share of income from partnerships	38,671
Distribution from Local Partnerships	(34,112		)

Investments in partnerships at March 31, 2013	$	1,251,224

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

+ References+ Details

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

CAPITAL REALTY INVESTORS IV LIMITED PARTNERSHIP 10-Q