10-Q Filing

WNC HOUSING TAX CREDIT FUND VI LP SERIES 5 CIK: 1036500 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001493152-14-000298`
Period End Date	20131231
Filing Date	20140131
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	wncvi5-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 48 Cash Flow Statement 34 Stockholders Equity 8

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`	$17.01K	USD	Point-in-time
Limited Partners, Units issued	`LimitedPartnersCapitalAccountUnitsIssued`	24,903.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$22.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.62K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.01K	USD	Point-in-time
Limited Partners, Units issued	`LimitedPartnersCapitalAccountUnitsIssued`	24,858.00	shares	Point-in-time
Limited Partners, Units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	24,858.00	shares	Point-in-time
Limited Partners, Units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	24,903.00	shares	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	-	USD	Point-in-time
Investments in Local Limited Partnerships, net (Notes 2 and 3)	`InvestmentsInLocalLimitedPartnershipsNet`	-	USD	Point-in-time
Other assets	`OtherAssets`	$22.86K	USD	Point-in-time
Other assets	`OtherAssets`	$16.35K	USD	Point-in-time
Total Assets	`Assets`	$43.97K	USD	Point-in-time
Total Assets	`Assets`	$39.87K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	$10.61K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.30M	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.17M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.30M	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$72.67K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$3.65K	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 24,858 and 24,903 Partnership Units issued and outstanding, respectively)	`LimitedPartnersCapitalAccount`	$-1.14M	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 24,858 and 24,903 Partnership Units issued and outstanding, respectively)	`LimitedPartnersCapitalAccount`	$-1.34M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$-1.14M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$-1.26M	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$39.87K	USD	Point-in-time
Total Liabilities and Partners' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$43.97K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Asset management fees (Note 3)	`AssetManagementCosts`	$10.09K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$41.39K	USD	3 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$34.31K	USD	3 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$12.11K	USD	1 Quarter
Legal and accounting fees	`ProfessionalFees`	$4.48K	USD	1 Quarter
Legal and accounting fees	`ProfessionalFees`	$143.33K	USD	3 Qtrs
Legal and accounting fees	`ProfessionalFees`	$43.73K	USD	3 Qtrs
Legal and accounting fees	`ProfessionalFees`	$14.61K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$1.84K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$12.63K	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$1.65K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$13.35K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.24K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$190.27K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$98.48K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-190.27K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-26.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-18.24K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-98.48K	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`	$24.31K	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`	-	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$2.00	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$2.00	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-34.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.16K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-198.07K	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-1.98K	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-182.00	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-742.00	USD	3 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-343.00	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-73.42K	USD	3 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-18.06K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-33.99K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-196.09K	USD	3 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-8.00	USD	3 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-3.00	USD	3 Qtrs
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-1.00	USD	1 Quarter
Net loss per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-1.00	USD	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	25,000.00	shares	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	25,000.00	shares	3 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,858.00	shares	3 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,858.00	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-34.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.16K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-198.07K	USD	3 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	3 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.61K	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.51K	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`	$24.31K	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`	-	USD	1 Quarter
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$79.16K	USD	3 Qtrs
Increase in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$204.57K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.31K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.81K	USD	3 Qtrs
Proceeds (payments) from sale of investments in Local Limited Partnerships	`PaymentsForProceedsFromLimitedPartnership`	$7.80K	USD	3 Qtrs
Proceeds (payments) from sale of investments in Local Limited Partnerships	`PaymentsForProceedsFromLimitedPartnership`	$-24.31K	USD	3 Qtrs
Net cash provided by (used in) investing activities:	`NetCashProvidedByUsedInInvestingActivities`	$24.31K	USD	3 Qtrs
Net cash provided by (used in) investing activities:	`NetCashProvidedByUsedInInvestingActivities`	$-7.80K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.61K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.00K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.62K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.01K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.62K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.01K	USD	Point-in-time
Taxes paid	`IncomeTaxesPaidNet`	$800.00	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	-	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
Advances made to the Partnership by the General Partner in prior years were converted to General Partner equity.	`AdvancesMadeToPartnershipByTheGeneralPartner`	-	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Partners' equity (deficit)	`PartnersCapital`	$-1.14M	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$-1.26M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-34.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.16K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-198.07K	USD	3 Qtrs
Partners' equity (deficit)	`PartnersCapital`	$-1.14M	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$-1.26M	USD	Point-in-time

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