10-Q Filing

WNC HOUSING TAX CREDIT FUND VI LP SERIES 5 CIK: 1036500 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001354488-15-000482`
Period End Date	20141231
Filing Date	20150206
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	wncvi5-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 64 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
Limited Partners, Units authorized	`LimitedPartnersCapitalAccountUnitsAuthorized`	25,000.00	shares	Point-in-time
Limited Partners, Units authorized	`LimitedPartnersCapitalAccountUnitsAuthorized`	25,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.25K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.62K	USD	Point-in-time
Limited Partners, Units issued	`LimitedPartnersCapitalAccountUnitsIssued`	24,793.00	shares	Point-in-time
Limited Partners, Units issued	`LimitedPartnersCapitalAccountUnitsIssued`	24,853.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Investments in Local Limited Partnerships, net (Note 2)	`InvestmentsInLocalLimitedPartnershipsNet`	-	USD	Point-in-time
Investments in Local Limited Partnerships, net (Note 2)	`InvestmentsInLocalLimitedPartnershipsNet`	-	USD	Point-in-time
Limited Partners, Units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	24,793.00	shares	Point-in-time
Limited Partners, Units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	24,853.00	shares	Point-in-time
Other assets	`OtherAssets`	$12.92K	USD	Point-in-time
Other assets	`OtherAssets`	$2.81K	USD	Point-in-time
Due from affiliates, net (Note 4)	`DueFromAffiliates`	-	USD	Point-in-time
Due from affiliates, net (Note 4)	`DueFromAffiliates`	-	USD	Point-in-time
Total Assets	`Assets`	$38.06K	USD	Point-in-time
Total Assets	`Assets`	$29.93K	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.32M	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$39.45K	USD	Point-in-time
Total Liabilities	`Liabilities`	$39.45K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.32M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-365.66K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$72.38K	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 24,793 and 24,853 Partnership Units issued and outstanding, respectively)	`LimitedPartnersCapitalAccount`	$-1.36M	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 24,793 and 24,853 Partnership Units issued and outstanding, respectively)	`LimitedPartnersCapitalAccount`	$364.27K	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$-1.29M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$-1.39K	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$38.06K	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$29.93K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Reporting fees	`RevenueFromRelatedParties`	-	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	-	USD	3 Qtrs
Reporting fees	`RevenueFromRelatedParties`	-	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	$8.12K	USD	3 Qtrs
Total operating income	`Revenues`	-	USD	1 Quarter
Total operating income	`Revenues`	-	USD	3 Qtrs
Total operating income	`Revenues`	-	USD	1 Quarter
Total operating income	`Revenues`	$8.12K	USD	3 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$34.31K	USD	3 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$7.31K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$24.60K	USD	3 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$10.09K	USD	1 Quarter
Legal and accounting fees	`ProfessionalFees`	$143.33K	USD	3 Qtrs
Legal and accounting fees	`ProfessionalFees`	$39.68K	USD	3 Qtrs
Legal and accounting fees	`ProfessionalFees`	$7.34K	USD	1 Quarter
Legal and accounting fees	`ProfessionalFees`	$14.61K	USD	1 Quarter
Write off of other assets	`WriteOffOfOtherAssets`	-	USD	1 Quarter
Write off of other assets	`WriteOffOfOtherAssets`	$6.22K	USD	3 Qtrs
Write off of other assets	`WriteOffOfOtherAssets`	-	USD	3 Qtrs
Write off of other assets	`WriteOffOfOtherAssets`	$4.74K	USD	1 Quarter
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	$20.50K	USD	1 Quarter
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	-	USD	1 Quarter
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	-	USD	3 Qtrs
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	$20.50K	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$12.63K	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$1.84K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$8.19K	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$1.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$99.18K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$190.27K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$41.56K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-26.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-41.56K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-91.05K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-190.27K	USD	3 Qtrs
Gain (loss) on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$-7.80K	USD	1 Quarter
Gain (loss) on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$1.84M	USD	3 Qtrs
Gain (loss) on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$-7.80K	USD	3 Qtrs
Gain (loss) on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$-849.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$8.00	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$2.00	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$3.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-42.40K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-34.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-198.07K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.75M	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-343.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-424.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$17.47K	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-1.98K	USD	3 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-196.09K	USD	3 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-33.99K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-41.98K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$1.73M	USD	3 Qtrs
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-8.00	USD	3 Qtrs
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-1.00	USD	1 Quarter
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-1.00	USD	1 Quarter
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$70.00	USD	3 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,858.00	shares	3 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,793.00	shares	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,793.00	shares	3 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,858.00	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-42.40K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-34.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-198.07K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.75M	USD	3 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.61K	USD	3 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.11K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.51K	USD	3 Qtrs
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	$20.50K	USD	1 Quarter
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	-	USD	1 Quarter
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	-	USD	3 Qtrs
Write off of advance to Local Limited Partnerships	`WriteOffOfAdvanceToLocalLimitedPartnerships`	$20.50K	USD	3 Qtrs
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$-7.80K	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$1.84M	USD	3 Qtrs
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$-7.80K	USD	3 Qtrs
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$-849.00	USD	1 Quarter
Increase (decrease) in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$-1.28M	USD	3 Qtrs
Increase (decrease) in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$204.57K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.81K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.34M	USD	3 Qtrs
Advances to Local Limited Partnerships	`PaymentsForAdvanceToAffiliate`	$20.50K	USD	3 Qtrs
Advances to Local Limited Partnerships	`PaymentsForAdvanceToAffiliate`	-	USD	3 Qtrs
Net proceeds (payments) from sale of investments in Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	$1.84M	USD	3 Qtrs
Net proceeds (payments) from sale of investments in Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	$-7.80K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$1.82M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.80K	USD	3 Qtrs
Return of capital	`PartnersCapitalAccountReturnOfCapital`	-	USD	3 Qtrs
Return of capital	`PartnersCapitalAccountReturnOfCapital`	$-455.50K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-455.50K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.24K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.61K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.25K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.62K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.62K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	$800.00	USD	3 Qtrs
Advances made to the Partnership by the General Partner in prior years were converted to General Partner equity.	`AdvancesMadeToPartnershipByTheGeneralPartner`	-	USD	3 Qtrs
Advances made to the Partnership by the General Partner in prior years were converted to General Partner equity.	`AdvancesMadeToPartnershipByTheGeneralPartner`	$71.00K	USD	3 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Partners' equity (deficit)	`PartnersCapital`	$-1.29M	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$-1.39K	USD	Point-in-time
Net income	`NetIncomeLoss`	$-42.40K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-34.34K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-198.07K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.75M	USD	3 Qtrs
Return of capital (Note 5)	`PartnersCapitalAccountReturnOfCapital`	-	USD	3 Qtrs
Return of capital (Note 5)	`PartnersCapitalAccountReturnOfCapital`	$-455.50K	USD	3 Qtrs
Partners' equity (deficit)	`PartnersCapital`	$-1.29M	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$-1.39K	USD	Point-in-time

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