10-Q Filing

WNC HOUSING TAX CREDIT FUND VI LP SERIES 12 CIK: 1253329 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001493152-12-001616`
Period End Date	20120930
Filing Date	20121113
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	wnc6xii-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 67 Cash Flow Statement 42 Stockholders Equity 8

Balance Sheet 28 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 and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$987.93K	USD	Point-in-time
Limited Partners, units issued	`LimitedPartnersCapitalAccountUnitsIssued`	15,019.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$929.95K	USD	Point-in-time
Limited Partners, units issued	`LimitedPartnersCapitalAccountUnitsIssued`	15,019.00	shares	Point-in-time
Limited Partners, units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	15,019.00	shares	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	$5.94M	USD	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	$4.85M	USD	Point-in-time
Limited Partners, units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	15,019.00	shares	Point-in-time
Total Assets	`Assets`	$6.06M	USD	Point-in-time
Total Assets	`Assets`	$6.87M	USD	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`	$850.69K	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$948.79K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.57M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.48M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-8.52K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-7.61K	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 15,019 Partnership Units issued and outstanding)	`LimitedPartnersCapitalAccount`	$5.41M	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 15,019 Partnership Units issued and outstanding)	`LimitedPartnersCapitalAccount`	$4.49M	USD	Point-in-time
Total Partners Equity (Deficit)	`PartnersCapital`	$4.48M	USD	Point-in-time
Total Partners Equity (Deficit)	`PartnersCapital`	$5.40M	USD	Point-in-time
Total Liabilities and Partners Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$6.87M	USD	Point-in-time
Total Liabilities and Partners Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$6.06M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Reporting fees	`RevenueFromRelatedParties`	$16.86K	USD	2 Qtrs
Reporting fees	`RevenueFromRelatedParties`	$1.50K	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	-	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	$4.54K	USD	2 Qtrs
Amortization (Note 2)	`AdjustmentForAmortization`	$22.53K	USD	2 Qtrs
Amortization (Note 2)	`AdjustmentForAmortization`	$4.69K	USD	1 Quarter
Amortization (Note 2)	`AdjustmentForAmortization`	$14.74K	USD	2 Qtrs
Amortization (Note 2)	`AdjustmentForAmortization`	$10.21K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$40.89K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$83.36K	USD	2 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$41.68K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$82.58K	USD	2 Qtrs
Outsourcing expenses	`OutsourcingExpenses`	$4.21K	USD	1 Quarter
Outsourcing expenses	`OutsourcingExpenses`	$11.55K	USD	1 Quarter
Outsourcing expenses	`OutsourcingExpenses`	$15.11K	USD	2 Qtrs
Outsourcing expenses	`OutsourcingExpenses`	$4.21K	USD	2 Qtrs
Accounting and legal fees	`ProfessionalFees`	$123.32K	USD	2 Qtrs
Accounting and legal fees	`ProfessionalFees`	$118.85K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$27.48K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$37.42K	USD	2 Qtrs
Impairment loss (Note 2)	`AssetImpairmentCharges`	$461.44K	USD	Annual
Impairment loss (Note 2)	`AssetImpairmentCharges`	$461.44K	USD	2 Qtrs
Impairment loss (Note 2)	`AssetImpairmentCharges`	$738.27K	USD	2 Qtrs
Other	`OtherCostAndExpenseOperating`	$674.00	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$4.67K	USD	2 Qtrs
Other	`OtherCostAndExpenseOperating`	$3.17K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$3.20K	USD	2 Qtrs
Total operating expenses and loss	`OperatingExpenses`	$699.53K	USD	2 Qtrs
Total operating expenses and loss	`OperatingExpenses`	$85.30K	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$891.32K	USD	2 Qtrs
Total operating expenses and loss	`OperatingExpenses`	$178.12K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-694.99K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-85.30K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-176.62K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-874.46K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-167.46K	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`	$-334.93K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships (Note 2)	`IncomeLossFromEquityMethodInvestments`	$-177.80K	USD	1 Quarter
Gain on sale of Local Limited Partnerships (Note 1)	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	1 Quarter
Gain on sale of Local Limited Partnerships (Note 1)	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	2 Qtrs
Gain on sale of Local Limited Partnerships (Note 1)	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$294.00K	USD	1 Quarter
Gain on sale of Local Limited Partnerships (Note 1)	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$294.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$218.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$124.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$436.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$631.00	USD	2 Qtrs
Net income(loss)	`NetIncomeLoss`	$-1.13M	USD	2 Qtrs
Net income(loss)	`NetIncomeLoss`	$-354.30K	USD	1 Quarter
Net income(loss)	`NetIncomeLoss`	$41.45K	USD	1 Quarter
Net income(loss)	`NetIncomeLoss`	$-914.95K	USD	2 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-1.13K	USD	2 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$41.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-915.00	USD	2 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-354.00	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-353.94K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-1.13M	USD	2 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-914.04K	USD	2 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$41.41K	USD	1 Quarter
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$3.00	USD	1 Quarter
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$-24.00	USD	1 Quarter
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$-75.00	USD	2 Qtrs
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$-61.00	USD	2 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	2 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.13M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-354.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$41.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-914.95K	USD	2 Qtrs
Gain on sale of Local Limited Partnerships	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	2 Qtrs
Gain on sale of Local Limited Partnerships	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$294.00K	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$294.00K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$22.53K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$4.69K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$14.74K	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$10.21K	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$461.44K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$461.44K	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	$738.27K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-167.46K	USD	1 Quarter
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-437.99K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-334.93K	USD	2 Qtrs
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-177.80K	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`	$98.10K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.91K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-153.09K	USD	2 Qtrs
Net proceeds from sale of Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	$294.00K	USD	2 Qtrs
Net proceeds from sale of Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	$-42.92K	USD	Annual
Net proceeds from sale of Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	-	USD	2 Qtrs
Distributions received from Local Limited Partnership	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.90K	USD	2 Qtrs
Distributions received from Local Limited Partnership	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.32K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$299.90K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.32K	USD	2 Qtrs
Net increase( decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-151.76K	USD	2 Qtrs
Net increase( decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$276.99K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$987.93K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$929.95K	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`	$1.21M	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`	$929.95K	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)	`PartnersCapital`	$4.48M	USD	Point-in-time
Partners equity (deficit)	`PartnersCapital`	$5.40M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.13M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-354.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$41.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-914.95K	USD	2 Qtrs
Partners equity (deficit)	`PartnersCapital`	$4.48M	USD	Point-in-time
Partners equity (deficit)	`PartnersCapital`	$5.40M	USD	Point-in-time

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