v3.3.0.814

Condensed Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2015	Mar. 31, 2015
ASSETS
Cash and cash equivalents	$ 90,164	$ 180,631
Investments in Local Limited Partnerships, net (Note 2)	0	0
Other assets	108,679	57,286
Total Assets	198,843	237,917
Liabilities:
Accrued fees and expenses due to General Partner and affiliates (Note 3)	45,947	46,708
Total Liabilities	45,947	46,708
Partners' Equity (Deficit):
General Partner	(99,061)	(92,261)
Limited Partners (10,000 Partnership Units authorized; 9,936 and 9,939 Partnership Units, respectively, issued and outstanding)	251,957	283,470
Total Partners' Equity (Deficit)	152,896	191,209
Total Liabilities and Partners' Equity (Deficit)	$ 198,843	$ 237,917

This item represents the carrying amount on the entity's balance sheet of its limited partnership interests in local limited partnerships.

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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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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Carrying amount as of the balance sheet date of obligations due all related parties.

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The amount of the general partner's ownership interest.

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Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

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WNC HOUSING TAX CREDIT FUND IV L P SERIES 1 10-Q