10-Q Filing

WNC HOUSING TAX CREDIT FUND VI LP SERIES 12 CIK: 1253329 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001493152-13-000251`
Period End Date	20121231
Filing Date	20130213
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	wnc6xii-20121231.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
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`	$929.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Limited Partners, units issued	`LimitedPartnersCapitalAccountUnitsIssued`	15,019.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$993.10K	USD	Point-in-time
Limited Partners, units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	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`	$4.68M	USD	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	$5.94M	USD	Point-in-time
Total Assets	`Assets`	$5.89M	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`	$1.03M	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$850.69K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.48M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.66M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-8.78K	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`	$4.24M	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
Total Partners' Equity (Deficit)	`PartnersCapital`	$4.23M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$5.40M	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$5.89M	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$6.87M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Reporting fees	`RevenueFromRelatedParties`	$4.54K	USD	3 Qtrs
Reporting fees	`RevenueFromRelatedParties`	-	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	-	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	$16.86K	USD	3 Qtrs
Amortization (Note 2)	`AdjustmentForAmortization`	$4.69K	USD	1 Quarter
Amortization (Note 2)	`AdjustmentForAmortization`	$10.21K	USD	1 Quarter
Amortization (Note 2)	`AdjustmentForAmortization`	$19.44K	USD	3 Qtrs
Amortization (Note 2)	`AdjustmentForAmortization`	$32.74K	USD	3 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$41.68K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$121.89K	USD	3 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$39.32K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$125.05K	USD	3 Qtrs
Outsourcing expenses	`OutsourcingExpenses`	$2.23K	USD	1 Quarter
Outsourcing expenses	`OutsourcingExpenses`	$6.43K	USD	3 Qtrs
Outsourcing expenses	`OutsourcingExpenses`	$2.05K	USD	1 Quarter
Outsourcing expenses	`OutsourcingExpenses`	$17.17K	USD	3 Qtrs
Accounting and legal fees	`ProfessionalFees`	$37.70K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$172.25K	USD	3 Qtrs
Accounting and legal fees	`ProfessionalFees`	$48.92K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$75.12K	USD	3 Qtrs
Impairment loss (Note 2)	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss (Note 2)	`AssetImpairmentCharges`	$461.44K	USD	Annual
Impairment loss (Note 2)	`AssetImpairmentCharges`	$738.27K	USD	3 Qtrs
Impairment loss (Note 2)	`AssetImpairmentCharges`	$461.44K	USD	3 Qtrs
Impairment loss (Note 2)	`AssetImpairmentCharges`	-	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$6.87K	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$6.29K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$10.96K	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$3.67K	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$87.44K	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$109.33K	USD	1 Quarter
Total operating expenses and loss	`OperatingExpenses`	$808.87K	USD	3 Qtrs
Total operating expenses and loss	`OperatingExpenses`	$978.76K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-87.44K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-961.90K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-804.33K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-109.33K	USD	1 Quarter
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`	$-615.79K	USD	3 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`	$-502.39K	USD	3 Qtrs
Gain on sale of Local Limited Partnership	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$294.00K	USD	3 Qtrs
Gain on sale of Local Limited Partnership	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$939.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$654.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$308.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$218.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.42M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-286.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-254.68K	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-1.17K	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-287.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-255.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-1.42K	USD	3 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-1.17M	USD	3 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-286.54K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-254.43K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-1.42M	USD	3 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$-94.00	USD	3 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$-78.00	USD	3 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$-17.00	USD	1 Quarter
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic`	$-19.00	USD	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	3 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	3 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	15,019.00	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.42M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-286.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-254.68K	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$294.00K	USD	3 Qtrs
Gain on sale of Local Limited Partnerships	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$4.69K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$10.21K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$19.44K	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$32.74K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment loss	`AssetImpairmentCharges`	$461.44K	USD	Annual
Impairment loss	`AssetImpairmentCharges`	$738.27K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	$461.44K	USD	3 Qtrs
Impairment loss	`AssetImpairmentCharges`	-	USD	1 Quarter
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-167.46K	USD	1 Quarter
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-615.79K	USD	3 Qtrs
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-177.80K	USD	1 Quarter
Equity in losses of Local Limited Partnerships	`IncomeLossFromEquityMethodInvestments`	$-502.39K	USD	3 Qtrs
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$156.29K	USD	3 Qtrs
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$180.84K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.69K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-152.91K	USD	3 Qtrs
Net proceeds from sale of Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	$294.00K	USD	3 Qtrs
Net proceeds from sale of Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	-	USD	3 Qtrs
Distributions received from Local Limited Partnership	`PaymentsForProceedsFromOtherInvestingActivities`	$-7.55K	USD	3 Qtrs
Distributions received from Local Limited Partnership	`PaymentsForProceedsFromOtherInvestingActivities`	$-42.92K	USD	Annual
Distributions received from Local Limited Partnership	`PaymentsForProceedsFromOtherInvestingActivities`	$-6.32K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.32K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$301.55K	USD	3 Qtrs
Net increase( decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$278.86K	USD	3 Qtrs
Net increase( decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-146.59K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$929.95K	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`	$993.10K	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`	$929.95K	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`	$993.10K	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Partners' equity (deficit)	`PartnersCapital`	$4.23M	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$5.40M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.42M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-286.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-254.68K	USD	1 Quarter
Partners' equity (deficit)	`PartnersCapital`	$4.23M	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.