10-Q Filing

WNC HOUSING TAX CREDIT FUND VI LP SERIES 5 CIK: 1036500 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001493152-14-004173`
Period End Date	20140930
Filing Date	20141216
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	wncvi5-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 60 Cash Flow Statement 38 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`	$17.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$55.25K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Limited Partners, Units issued	`LimitedPartnersCapitalAccountUnitsIssued`	24,853.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.62K	USD	Point-in-time
Limited Partners, Units issued	`LimitedPartnersCapitalAccountUnitsIssued`	24,803.00	shares	Point-in-time
Limited Partners, Units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	24,853.00	shares	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`	24,803.00	shares	Point-in-time
Other assets	`OtherAssets`	$12.92K	USD	Point-in-time
Other assets	`OtherAssets`	$6.15K	USD	Point-in-time
Advances to Local Limited Partnerships (Note 4)	`AdvancesToLocalLimitedPartnershipsNet`	-	USD	Point-in-time
Advances to Local Limited Partnerships (Note 4)	`AdvancesToLocalLimitedPartnershipsNet`	-	USD	Point-in-time
Total Assets	`Assets`	$61.39K	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`	$20.38K	USD	Point-in-time
Accrued fees and expenses due to General Partner and affiliates (Note 3)	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.32M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.32M	USD	Point-in-time
Total Liabilities	`Liabilities`	$20.38K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$-365.24K	USD	Point-in-time
General Partner	`GeneralPartnersCapitalAccount`	$72.38K	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 24,803 and 24,853 Partnership Units issued and outstanding, respectively)	`LimitedPartnersCapitalAccount`	$406.25K	USD	Point-in-time
Limited Partners (25,000 Partnership Units authorized; 24,803 and 24,853 Partnership Units issued and outstanding, respectively)	`LimitedPartnersCapitalAccount`	$-1.36M	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$41.02K	USD	Point-in-time
Total Partners' Equity (Deficit)	`PartnersCapital`	$-1.29M	USD	Point-in-time
Total Liabilities and Partners' Equity	`LiabilitiesAndStockholdersEquity`	$29.93K	USD	Point-in-time
Total Liabilities and Partners' Equity	`LiabilitiesAndStockholdersEquity`	$61.39K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Reporting fees	`RevenueFromRelatedParties`	-	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	$2.12K	USD	1 Quarter
Reporting fees	`RevenueFromRelatedParties`	$8.12K	USD	2 Qtrs
Reporting fees	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Total operating income	`Revenues`	$8.12K	USD	2 Qtrs
Total operating income	`Revenues`	$2.12K	USD	1 Quarter
Total operating income	`Revenues`	-	USD	2 Qtrs
Total operating income	`Revenues`	-	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$17.29K	USD	2 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$12.11K	USD	1 Quarter
Asset management fees (Note 3)	`AssetManagementCosts`	$24.22K	USD	2 Qtrs
Asset management fees (Note 3)	`AssetManagementCosts`	$8.20K	USD	1 Quarter
Legal and accounting fees	`ProfessionalFees`	$128.72K	USD	2 Qtrs
Legal and accounting fees	`ProfessionalFees`	$32.33K	USD	2 Qtrs
Legal and accounting fees	`ProfessionalFees`	$45.13K	USD	1 Quarter
Legal and accounting fees	`ProfessionalFees`	$26.95K	USD	1 Quarter
Write off of other assets	`WriteOffOfOtherAssets`	$1.48K	USD	2 Qtrs
Write off of other assets	`WriteOffOfOtherAssets`	-	USD	1 Quarter
Write off of other assets	`WriteOffOfOtherAssets`	-	USD	1 Quarter
Write off of other assets	`WriteOffOfOtherAssets`	-	USD	2 Qtrs
Other	`OtherCostAndExpenseOperating`	$6.52K	USD	2 Qtrs
Other	`OtherCostAndExpenseOperating`	$4.50K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$5.37K	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$10.79K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$163.73K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$57.62K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$39.65K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$62.61K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.50K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-37.52K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-163.73K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-62.61K	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$1.52M	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	-	USD	2 Qtrs
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$1.84M	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$1.00	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$5.00	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	$3.00	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$1.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-62.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.48M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-163.73K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.79M	USD	2 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$14.81K	USD	1 Quarter
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-1.64K	USD	2 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$17.89K	USD	2 Qtrs
General Partner	`NetIncomeLossAllocatedToGeneralPartners`	$-626.00	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-61.98K	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$-162.09K	USD	2 Qtrs
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$1.47M	USD	1 Quarter
Limited Partners	`NetIncomeLossAllocatedToLimitedPartners`	$1.77M	USD	2 Qtrs
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-3.00	USD	1 Quarter
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$71.00	USD	2 Qtrs
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$59.00	USD	1 Quarter
Net income (loss) per Partnership Unit	`NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax`	$-7.00	USD	2 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,903.00	shares	1 Quarter
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,903.00	shares	2 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,803.00	shares	2 Qtrs
Outstanding weighted Partnership Units	`WeightedAverageLimitedPartnershipUnitsOutstanding`	24,803.00	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-62.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.48M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-163.73K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.79M	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.61K	USD	2 Qtrs
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.48K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.77K	USD	2 Qtrs
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$1.52M	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	-	USD	2 Qtrs
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Gain on sale of Local Limited Partnerships	`GainLossOnSaleOfBusiness`	$1.84M	USD	2 Qtrs
Increase (decrease) in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$-1.30M	USD	2 Qtrs
Increase (decrease) in accrued fees and expenses due to General Partner and affiliates	`IncreaseDecreaseInDueToRelatedParties`	$165.21K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.34M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-10.61K	USD	2 Qtrs
Net proceeds from sale of Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	$1.84M	USD	2 Qtrs
Net proceeds from sale of Local Limited Partnerships	`ProceedsFromLimitedPartnershipInvestments`	-	USD	2 Qtrs
Net cash provided by investing activities:	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash provided by investing activities:	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$1.84M	USD	2 Qtrs
Return of capital	`PartnersCapitalAccountReturnOfCapital`	$-455.50K	USD	2 Qtrs
Return of capital	`PartnersCapitalAccountReturnOfCapital`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-455.50K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.61K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.23K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.25K	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.01K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.25K	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
Taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	$800.00	USD	2 Qtrs
Advances made to the Partnership by the General Partner in prior years were converted to General Partner equity.	`AdvancesMadeToPartnershipByTheGeneralPartner`	$71.00K	USD	2 Qtrs
Advances made to the Partnership by the General Partner in prior years were converted to General Partner equity.	`AdvancesMadeToPartnershipByTheGeneralPartner`	-	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Partners' equity (deficit)	`PartnersCapital`	$41.02K	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$-1.29M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-62.61K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-163.73K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.79M	USD	2 Qtrs
Return of capital (Note 5)	`PartnersCapitalAccountReturnOfCapital`	$-455.50K	USD	2 Qtrs
Return of capital (Note 5)	`PartnersCapitalAccountReturnOfCapital`	-	USD	2 Qtrs
Partners' equity (deficit)	`PartnersCapital`	$41.02K	USD	Point-in-time
Partners' equity (deficit)	`PartnersCapital`	$-1.29M	USD	Point-in-time

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