10-Q Filing

WNC HOUSING TAX CREDIT FUND VI LP SERIES 12 CIK: 1253329 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001084067-11-000308`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	wncq-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 64 Cash Flow Statement 38 Stockholders Equity 8

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$987.93K	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`	$7.12M	USD	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	$6.20M	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
Total Assets	`Assets`	$7.18M	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
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`	$762.12K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.33M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-7.21K	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`	$5.80M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$6.93M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$5.80M	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$8.26M	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$7.18M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Reporting fees	`RevenueFromRelatedParties`	$10.05K	USD	2 Qtrs
Reporting fees	`RevenueFromRelatedParties`	$8.55K	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	$4.54K	USD	2 Qtrs
Reporting fees	`RevenueFromRelatedParties`	$1.50K	USD	1 Quarter
Amortization (Note 2)	`AmortizationOfAcquisitionCosts`	$24.64K	USD	2 Qtrs
Amortization (Note 2)	`AmortizationOfAcquisitionCosts`	$10.21K	USD	1 Quarter
Amortization (Note 2)	`AmortizationOfAcquisitionCosts`	$22.53K	USD	2 Qtrs
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
Asset management fees (Note 3)	`AssetManagementCosts`	$83.36K	USD	2 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$83.36K	USD	2 Qtrs
Outsourcing expenses	`OutsourcingExpenses`	-	USD	2 Qtrs
Outsourcing expenses	`OutsourcingExpenses`	-	USD	1 Quarter
Outsourcing expenses	`OutsourcingExpenses`	$4.21K	USD	2 Qtrs
Outsourcing expenses	`OutsourcingExpenses`	$4.21K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$3.97K	USD	2 Qtrs
Accounting and legal fees	`ProfessionalFees`	$123.32K	USD	2 Qtrs
Accounting and legal fees	`ProfessionalFees`	$3.95K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$118.85K	USD	1 Quarter
Impairment loss (Note 2)	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss (Note 2)	`OtherAssetImpairmentCharges`	$461.44K	USD	2 Qtrs
Impairment loss (Note 2)	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss (Note 2)	`OtherAssetImpairmentCharges`	$208.22K	USD	2 Qtrs
Other	`OtherCostAndExpenseOperating`	$3.17K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$4.67K	USD	2 Qtrs
Other	`OtherCostAndExpenseOperating`	$1.48K	USD	2 Qtrs
Other	`OtherCostAndExpenseOperating`	$563.00	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$321.67K	USD	2 Qtrs
Total operating expenses and loss	`OperatingExpenses`	$699.53K	USD	2 Qtrs
Total operating expenses and loss	`OperatingExpenses`	$58.52K	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$178.12K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-311.62K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-694.99K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-176.62K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.97K	USD	1 Quarter
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-437.99K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-336.05K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-177.80K	USD	1 Quarter
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-157.20K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$124.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$631.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$582.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.28K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-646.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-354.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-206.59K	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-354.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-207.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-646.00	USD	2 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-1.13K	USD	2 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-1.13M	USD	2 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-353.94K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-645.74K	USD	2 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-206.38K	USD	1 Quarter
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnit`	$-75.00	USD	2 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnit`	$-24.00	USD	1 Quarter
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnit`	$-43.00	USD	2 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnit`	$-14.00	USD	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	2 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	2 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-646.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-354.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-206.59K	USD	1 Quarter
Amortization	`AmortizationOfAcquisitionCosts`	$24.64K	USD	2 Qtrs
Amortization	`AmortizationOfAcquisitionCosts`	$10.21K	USD	1 Quarter
Amortization	`AmortizationOfAcquisitionCosts`	$22.53K	USD	2 Qtrs
Amortization	`AmortizationOfAcquisitionCosts`	$12.32K	USD	1 Quarter
Impairment loss	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss	`OtherAssetImpairmentCharges`	$461.44K	USD	2 Qtrs
Impairment loss	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss	`OtherAssetImpairmentCharges`	$208.22K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-437.99K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-336.05K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-177.80K	USD	1 Quarter
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-157.20K	USD	1 Quarter
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$57.30K	USD	2 Qtrs
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$50.36K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-153.09K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-27.12K	USD	2 Qtrs
Capital contributions paid to Local Limited Partnerships	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Capital contributions paid to Local Limited Partnerships	`PaymentsForProceedsFromOtherInvestingActivities`	$-24.60K	USD	2 Qtrs
Distributions received from Local Limited Partnerships	`PaymentsToAcquireOtherInvestments`	$1.32K	USD	2 Qtrs
Distributions received from Local Limited Partnerships	`PaymentsToAcquireOtherInvestments`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.32K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.60K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-51.72K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-151.76K	USD	2 Qtrs
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	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`	$1.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$987.93K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	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`	$1.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$987.93K	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Partners' equity (deficit), beginning of period	`PartnersCapital`	$6.93M	USD	Point-in-time
Partners' equity (deficit), beginning of period	`PartnersCapital`	$5.80M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-646.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-354.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.13M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-206.59K	USD	1 Quarter
Partners' equity (deficit), ending of period	`PartnersCapital`	$6.93M	USD	Point-in-time
Partners' equity (deficit), ending of period	`PartnersCapital`	$5.80M	USD	Point-in-time

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