10-Q Filing

WNC HOUSING TAX CREDIT FUND VI LP SERIES 12 CIK: 1253329 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001084067-11-000260`
Period End Date	20110630
Filing Date	20110826
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	wncq-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 30 Cash Flow Statement 24 Stockholders Equity 6

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	$7.12M	USD	Point-in-time
Limited Partners, authorized (in units)	`LimitedPartnersCapitalAccountUnitsAuthorized`	25,000.00	shares	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	$6.38M	USD	Point-in-time
Limited Partners, authorized (in units)	`LimitedPartnersCapitalAccountUnitsAuthorized`	25,000.00	shares	Point-in-time
Total Assets	`Assets`	$8.26M	USD	Point-in-time
Limited Partners, issued (in units)	`LimitedPartnersCapitalAccountUnitsIssued`	15,019.00	shares	Point-in-time
Limited Partners, issued (in units)	`LimitedPartnersCapitalAccountUnitsIssued`	15,019.00	shares	Point-in-time
Total Assets	`Assets`	$7.49M	USD	Point-in-time
Limited Partners, outstanding (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	15,019.00	shares	Point-in-time
Limited Partners, outstanding (in units)	`LimitedPartnersCapitalAccountUnitsOutstanding`	15,019.00	shares	Point-in-time
Payables to Local Limited Partnerships (Note 4)	`DueToAffiliateCurrentAndNoncurrent`	$624.89K	USD	Point-in-time
Payables to Local Limited Partnerships (Note 4)	`DueToAffiliateCurrentAndNoncurrent`	$624.89K	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$704.81K	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$716.03K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.33M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.34M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-6.85K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-6.08K	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 15,019 Partnership Units issued and outstanding)	`LimitedPartnersCapitalAccount`	$6.93M	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 15,019 Partnership Units issued and outstanding)	`LimitedPartnersCapitalAccount`	$6.16M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$6.93M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$6.15M	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$7.49M	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$8.26M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Reporting fees	`RevenueFromRelatedParties`	$1.50K	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	$3.04K	USD	1 Quarter
Amortization (Note 2)	`AmortizationOfAcquisitionCosts`	$12.32K	USD	1 Quarter
Amortization (Note 2)	`AmortizationOfAcquisitionCosts`	$12.32K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$41.68K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$41.68K	USD	1 Quarter
Impairment loss (Note 2)	`OtherAssetImpairmentCharges`	$461.44K	USD	1 Quarter
Impairment loss (Note 2)	`OtherAssetImpairmentCharges`	$208.22K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$16.00	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$4.47K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.50K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$913.00	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$521.42K	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$263.15K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-261.65K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-518.37K	USD	1 Quarter
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-260.19K	USD	1 Quarter
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-178.84K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$507.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$698.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-439.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-778.06K	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-778.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-440.00	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-777.28K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-439.35K	USD	1 Quarter
Net loss per Partnership Unit (in dollars per unit)	`NetIncomeLossPerOutstandingLimitedPartnershipUnit`	$-52.00	USD	1 Quarter
Net loss per Partnership Unit (in dollars per unit)	`NetIncomeLossPerOutstandingLimitedPartnershipUnit`	$-29.00	USD	1 Quarter
Outstanding weighted Partnership Units (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter
Outstanding weighted Partnership Units (in units)	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-439.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-778.06K	USD	1 Quarter
Amortization	`AmortizationOfAcquisitionCosts`	$12.32K	USD	1 Quarter
Amortization	`AmortizationOfAcquisitionCosts`	$12.32K	USD	1 Quarter
Impairment loss	`OtherAssetImpairmentCharges`	$461.44K	USD	1 Quarter
Impairment loss	`OtherAssetImpairmentCharges`	$208.22K	USD	1 Quarter
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-260.19K	USD	1 Quarter
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-178.84K	USD	1 Quarter
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$4.20K	USD	1 Quarter
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$11.22K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.21K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.88K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.88K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-36.21K	USD	1 Quarter
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Partners' equity (deficit)	`PartnersCapital`	$6.93M	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$6.15M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-439.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-778.06K	USD	1 Quarter
Partners' equity (deficit)	`PartnersCapital`	$6.93M	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$6.15M	USD	Point-in-time

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