v3.2.0.727

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2015	Mar. 31, 2015
ASSETS
Cash	$ 1,469,273	$ 1,305,542
Other assets	2,500	1,100
Due from affiliates, net (Note 4)	0	0
Investments in Local Limited Partnerships, net (Note 2)	0	0
Total Assets	1,471,773	1,306,642
Liabilities:
Accrued fees and advances due to General Partner and affiliates (Note 3)	9,387	12,322
Prepaid disposition proceeds	30,000	30,000
Total Liabilities	39,387	42,322
Partners' Equity (Deficit)
General Partner	(670,498)	(672,179)
Limited Partners (25,000 Partnership Units authorized; 21,738 and 21,810 Partnership Units issued and outstanding, respectively)	2,102,884	1,936,499
Total Partners' Equity (Deficit)	1,432,386	1,264,320
Total Liabilities and Partners' Equity (Deficit)	$ 1,471,773	$ 1,306,642

Investments In Local Limited Partnerships Net

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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WNC HOUSING TAX CREDIT FUND V LP SERIES 4 10-Q