v3.5.0.1

Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Operating Assets [Abstract]
Property and equipment, at cost, less accumulated depreciation (Notes 2 and 4)	$ 181,152	$ 1,089,909
Cash and cash equivalents (Notes 2, 3 and 12 )	867,364	706,652
Cash held in escrow (Notes 2, 3 and 5)	622,020	784,111
Deferred costs – less accumulated amortization (Notes 2 and 6)	102,389	240,291
Due from local general partners and affiliates		5,795
Other assets	80,560	245,594
Total assets	1,853,485	3,072,352
Operating Liabilities [Abstract]
Mortgage notes payable (Notes 3 and 7)	4,879,265	9,475,089
Accounts payable and other liabilities	124,790	201,875
Accrued interest payable	63,220	130,061
Security deposits payable	147,226	169,508
Interest rate swap		20,000
Due to local general partners and affiliates (Note 2 and 8)	607,082	840,182
Due to general partners and affiliates (Note 2 and 8)	85,547	2,544,535
Total liabilities	$ 5,907,130	$ 13,381,250
Commitments and contingencies (Notes 8 and 12)
Partners’ (deficit) capital
Limited partners (100,000 BACs authorized; 45,844 issued and outstanding)	$ (3,812,073)	$ (10,428,532)
General partner	(428,605)	(495,438)
Independence Tax Credit Plus L.P. IV total	(4,240,678)	(10,923,970)
Noncontrolling interests	187,033	615,072
Total partners’ (deficit) capital	(4,053,645)	(10,308,898)
Total liabilities and partners’ (deficit) capital	$ 1,853,485	$ 3,072,352

Amounts due from the local general partners or their affiliates. Local general partners are the general partners of each subsidiary investment in LITCH properties.

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Amounts due to the General Partner of the fund or the fund's affiliates.

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Amounts due to the local general partners or their affiliates. Local general partners are the general partners of each subsidiary investment in LITCH properties.

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Sum of the carrying values as of the balance sheet date of liabilities incurred and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered.

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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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Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.

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The carrying amount of deferred costs.

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The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy.

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The amount of the general partner's ownership interest.

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Amount of interest payable on debt, including, but not limited to, trade payables.

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Fair value as of the balance sheet date of all derivative liabilities not designated as hedging instruments.

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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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Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.

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The amount of the limited partners' ownership interests.

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Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet.

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The amount of ownership interest of different classes of partners in limited partnership.

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Total of all Partners' Capital (deficit) items which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest).

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Amount of partners' capital (deficit), including portions attributable to both the parent and noncontrolling interests. Excludes temporary equity and is sometimes called permanent equity.

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Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

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This element represents money paid in advance to protect the provider of a product or service, such as a lessor, against damage or nonpayment by the buyer or tenant (lessee) during the term of the agreement. Such damages may include physical damage to the property, theft of property, and other contractual breaches. Security deposits held may be interest or noninterest bearing.

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