10-Q Filing

GATEWAY TAX CREDIT FUND II LTD CIK: 857115 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000881716-11-000011`
Period End Date	20110930
Filing Date	20111110
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	gtwb-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 52 Cash Flow Statement 50 Stockholders Equity 12

Balance Sheet 32 line items

Line Item	Tag	Value	Unit	Period
Limited Partner Assignees, BAC's authorized (in shares)	`LimitedPartnersCapitalAccountUnitsAuthorized`	40,000.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.34M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Limited Partner Assignees, BAC's authorized (in shares)	`LimitedPartnersCapitalAccountUnitsAuthorized`	40,000.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.81M	USD	Point-in-time
Receivable - Other	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Receivable - Other	`AccountsAndOtherReceivablesNetCurrent`	$125.00K	USD	Point-in-time
Total Assets	`Assets`	$2.46M	USD	Point-in-time
Total Assets	`Assets`	$3.81M	USD	Point-in-time
Payable to General Partners	`DueToRelatedPartiesCurrent`	$4.90M	USD	Point-in-time
Payable to General Partners	`DueToRelatedPartiesCurrent`	$39.29K	USD	Point-in-time
Distribution Payable	`DistributionPayableCurrent`	$1.91M	USD	Point-in-time
Distribution Payable	`DistributionPayableCurrent`	$3.32M	USD	Point-in-time
Deferred Gain on Sale of Project Partnerships	`DeferredGainOnSaleOfProjectPartnerships`	-	USD	Point-in-time
Deferred Gain on Sale of Project Partnerships	`DeferredGainOnSaleOfProjectPartnerships`	$123.45K	USD	Point-in-time
Payable - Other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$10.89K	USD	Point-in-time
Payable - Other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.95M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.36M	USD	Point-in-time
Payable to General Partners	`DueToRelatedPartiesNoncurrent`	-	USD	Point-in-time
Payable to General Partners	`DueToRelatedPartiesNoncurrent`	$4.82M	USD	Point-in-time
Limited Partner Assignees	`LimitedPartnersCapitalAccount`	$-4.55M	USD	Point-in-time
Limited Partner Assignees	`LimitedPartnersCapitalAccount`	$-4.66M	USD	Point-in-time
General Partners	`GeneralPartnersCapitalAccount`	$175.23K	USD	Point-in-time
General Partners	`GeneralPartnersCapitalAccount`	$175.98K	USD	Point-in-time
Total Partners' Deficit	`PartnersCapital`	$-4.49M	USD	Point-in-time
Total Partners' Deficit	`PartnersCapital`	$-4.31M	USD	Point-in-time
Total Partners' Deficit	`PartnersCapital`	$-4.37M	USD	Point-in-time
Total Partners' Deficit	`PartnersCapital`	$-4.06M	USD	Point-in-time
Total Liabilities and Partners' Deficit	`LiabilitiesAndStockholdersEquity`	$3.81M	USD	Point-in-time
Total Liabilities and Partners' Deficit	`LiabilitiesAndStockholdersEquity`	$2.46M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Distribution Income	`DistributionIncome`	$30.77K	USD	2 Qtrs
Distribution Income	`DistributionIncome`	$22.59K	USD	2 Qtrs
Distribution Income	`DistributionIncome`	$5.37K	USD	1 Quarter
Distribution Income	`DistributionIncome`	$17.44K	USD	1 Quarter
Total Revenues	`Revenues`	$5.37K	USD	1 Quarter
Total Revenues	`Revenues`	$22.59K	USD	2 Qtrs
Total Revenues	`Revenues`	$17.44K	USD	1 Quarter
Total Revenues	`Revenues`	$30.77K	USD	2 Qtrs
Asset Management Fee - General Partner	`AssetManagementExpenseGeneralPartner`	$56.07K	USD	1 Quarter
Asset Management Fee - General Partner	`AssetManagementExpenseGeneralPartner`	$26.91K	USD	1 Quarter
Asset Management Fee - General Partner	`AssetManagementExpenseGeneralPartner`	$54.69K	USD	2 Qtrs
Asset Management Fee - General Partner	`AssetManagementExpenseGeneralPartner`	$112.66K	USD	2 Qtrs
General Partner	`GeneralPartnerGeneralAndAdministrative`	$51.40K	USD	1 Quarter
General Partner	`GeneralPartnerGeneralAndAdministrative`	-	USD	2 Qtrs
General Partner	`GeneralPartnerGeneralAndAdministrative`	$104.55K	USD	2 Qtrs
General Partner	`GeneralPartnerGeneralAndAdministrative`	-	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$60.21K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$54.92K	USD	2 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$43.03K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$82.61K	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$272.13K	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$87.12K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$150.50K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$137.30K	USD	2 Qtrs
Loss Before Gain on Sale of Project Partnerships and Interest Income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-241.35K	USD	2 Qtrs
Loss Before Gain on Sale of Project Partnerships and Interest Income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-114.71K	USD	2 Qtrs
Loss Before Gain on Sale of Project Partnerships and Interest Income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-81.75K	USD	1 Quarter
Loss Before Gain on Sale of Project Partnerships and Interest Income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-133.06K	USD	1 Quarter
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$559.79K	USD	2 Qtrs
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$343.18K	USD	1 Quarter
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$93.90K	USD	2 Qtrs
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$62.02K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$103.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$191.00	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$60.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$100.00	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-20.62K	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$210.18K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$318.54K	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-19.62K	USD	1 Quarter
Assignees	`NetIncomeLossAllocatedToLimitedPartners`	$-19.43K	USD	1 Quarter
Assignees	`NetIncomeLossAllocatedToLimitedPartners`	$313.50K	USD	2 Qtrs
Assignees	`NetIncomeLossAllocatedToLimitedPartners`	$-20.41K	USD	2 Qtrs
Assignees	`NetIncomeLossAllocatedToLimitedPartners`	$206.23K	USD	1 Quarter
General Partners	`NetIncomeLossAllocatedToGeneralPartners`	$-205.00	USD	2 Qtrs
General Partners	`NetIncomeLossAllocatedToGeneralPartners`	$-195.00	USD	1 Quarter
General Partners	`NetIncomeLossAllocatedToGeneralPartners`	$5.03K	USD	2 Qtrs
General Partners	`NetIncomeLossAllocatedToGeneralPartners`	$3.95K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-20.62K	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$210.18K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$318.54K	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-19.62K	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-20.62K	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$210.18K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$318.54K	USD	2 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-19.62K	USD	1 Quarter
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$559.79K	USD	2 Qtrs
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$343.18K	USD	1 Quarter
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$93.90K	USD	2 Qtrs
Gain on Sale of Project Partnerships	`GainOnSaleOfProjectPartnerships`	$62.02K	USD	1 Quarter
Distribution Income	`DistributionIncome`	$30.77K	USD	2 Qtrs
Distribution Income	`DistributionIncome`	$22.59K	USD	2 Qtrs
Distribution Income	`DistributionIncome`	$5.37K	USD	1 Quarter
Distribution Income	`DistributionIncome`	$17.44K	USD	1 Quarter
Increase in Payable - Other	`IncreaseDecreaseInOtherAccountsPayable`	-	USD	2 Qtrs
Increase in Payable - Other	`IncreaseDecreaseInOtherAccountsPayable`	$10.89K	USD	2 Qtrs
(Decrease) Increase in Payable to General Partners	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$46.01K	USD	2 Qtrs
(Decrease) Increase in Payable to General Partners	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$40.45K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-80.20K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-231.57K	USD	2 Qtrs
Distributions Received from Project Partnerships	`DistributionsReceivedFromProjectPartnerships`	$30.77K	USD	2 Qtrs
Distributions Received from Project Partnerships	`DistributionsReceivedFromProjectPartnerships`	$22.59K	USD	2 Qtrs
Net Proceeds from Sale of Project Partnerships	`NetProceedsFromSaleOfProjectPartnerships`	$559.79K	USD	2 Qtrs
Net Proceeds from Sale of Project Partnerships	`NetProceedsFromSaleOfProjectPartnerships`	$93.90K	USD	2 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$116.49K	USD	2 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$590.56K	USD	2 Qtrs
Distributions	`DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid`	$1.50M	USD	2 Qtrs
Distributions	`DistributionMadeToMemberOrLimitedPartnerCashDistributionsPaid`	-	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.50M	USD	2 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$358.99K	USD	2 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.47M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$2.34M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$3.81M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.34M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.81M	USD	Point-in-time
Increase in Distribution Payable	`IncreaseDecreaseInDistributionPayable`	$559.79K	USD	2 Qtrs
Increase in Distribution Payable	`IncreaseDecreaseInDistributionPayable`	$93.90K	USD	2 Qtrs
Distribution to Assignees	`DistributionToAssignees`	$-93.90K	USD	2 Qtrs
Distribution to Assignees	`DistributionToAssignees`	$-559.79K	USD	2 Qtrs
Increase in Receivable - Other	`IncreaseDecreaseInOtherReceivables`	$125.00K	USD	2 Qtrs
Increase in Receivable - Other	`IncreaseDecreaseInOtherReceivables`	$1.14M	USD	2 Qtrs
Increase in Deferred Gain on Sale of Project Partnerships	`IncreaseInDeferredGainOnSaleOfProjectPartnerships`	$-123.45K	USD	2 Qtrs
Increase in Deferred Gain on Sale of Project Partnerships	`IncreaseInDeferredGainOnSaleOfProjectPartnerships`	$-1.13M	USD	2 Qtrs
Decrease in Payable to General Partners	`DecreaseInPayableToGeneralPartners`	$-1.55K	USD	2 Qtrs
Decrease in Payable to General Partners	`DecreaseInPayableToGeneralPartners`	$-13.21K	USD	2 Qtrs
Total supplemental non-cash activities	`TotalSupplementalNonCashActivities`	-	USD	Point-in-time
Total supplemental non-cash activities	`TotalSupplementalNonCashActivities`	-	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`PartnersCapital`	$-4.49M	USD	Point-in-time
Balance	`PartnersCapital`	$-4.31M	USD	Point-in-time
Balance	`PartnersCapital`	$-4.37M	USD	Point-in-time
Balance	`PartnersCapital`	$-4.06M	USD	Point-in-time
Net (Loss) Income	`IncomeLossAttributableToParent`	$-20.62K	USD	2 Qtrs
Net (Loss) Income	`IncomeLossAttributableToParent`	$318.54K	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$93.90K	USD	2 Qtrs
Distributions	`PartnersCapitalAccountDistributions`	$559.79K	USD	2 Qtrs
Balance	`PartnersCapital`	$-4.49M	USD	Point-in-time
Balance	`PartnersCapital`	$-4.31M	USD	Point-in-time
Balance	`PartnersCapital`	$-4.37M	USD	Point-in-time
Balance	`PartnersCapital`	$-4.06M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.