-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FAwWKu0lnAxR3HslqxCk8x0o5ySr68ZgKbypuV2sexTBrkcHsb0/M5m+OMO6ULwq 53WGMJqev8bIhMpLh3Y6mg== 0000318835-95-000001.txt : 19951130 0000318835-95-000001.hdr.sgml : 19951130 ACCESSION NUMBER: 0000318835-95-000001 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19950930 FILED AS OF DATE: 19951108 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: DSI REALTY INCOME FUND VI CENTRAL INDEX KEY: 0000318835 STANDARD INDUSTRIAL CLASSIFICATION: 6500 IRS NUMBER: 953633566 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 002-68926 FILM NUMBER: 95588193 BUSINESS ADDRESS: STREET 1: 3701 LONG BEACH BLVD CITY: LONG BEACH STATE: CA ZIP: 90807 BUSINESS PHONE: 2135957711 MAIL ADDRESS: STREET 1: 3701 LONG BEACH BLVD CITY: LONG BEACH STATE: CA ZIP: 90807 FORMER COMPANY: FORMER CONFORMED NAME: DSI REALTY INCOME FUND 81-I DATE OF NAME CHANGE: 19870812 10-Q 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q /_x_/ Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended September 30, 1995 /___/ Transition report pursuant to Section 13 or 15(d) of the Securities Act of 1934 for the transition period from ______________ to ________________. Commission File Number 2-68926 DSI REALTY INCOME FUND VI, A California Limited Partnership (Exact name of registrant as specified in its charter) California_______________________________________95-3633566 (State or other jurisdiction of (I.R.S. Employer incorporation) Identification No.) 3701 Long Beach Boulevard, Long Beach, California 90807 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code-(310)595-7711 _________________________________________________________________ Former name, former address and former fiscal year, if changed since last report. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes _x_. No___. PART I - FINANCIAL INFORMATION Item 1. Financial Statements. The information required by Rule 10-01 of Regulation S-X is included in the Quarterly Report to the Limited Partners of Registrant for the period ended September 30, 1995 which is attached hereto as Exhibit "20" and incorporated herein by this reference. Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations. Registrant incorporates by this reference its Quarterly Report to Limited Partners for the period ended September 30, 1995. PART II - OTHER INFORMATION Item 6. Exhibits and Reports on Form 8K. (a) Attached hereto as Exhibit "20" is Registrant's Quarterly Report to Limited Partners for the period ended September 30, 1995. (B) Registrant did not file any reports on Form 8-K for the period reported upon. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: October 31, 1995 DSI REALTY INCOME FUND VI A California Limited Partnership (Registrant) By__/s/ Robert J. Conway______ DSI Properties, Inc., as General Partner by ROBERT J. CONWAY, President and Chief Financial Officer SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: October 31, 1995 DSI REALTY INCOME FUND VI A California Limited Partnership (Registrant) By___/s/ Robert J. Conway_____ DSI Properties, Inc., as General Partner by ROBERT J. CONWAY, President and Chief Financial Officer EX-20 2 DSI REALTY INCOME FUND VI (A California Real Estate Limited Partnership) BALANCE SHEETS(UNAUDITED), September 30, 1995 AND DECEMBER 31, 1994
September 30, December 31 1995 1994 ASSETS CASH AND CASH EQUIVALENTS $ 712,547 $ 407,250 PROPERTY 4,852,695 5,131,402 OTHER ASSETS 53,950 26,960 TOTAL $5,619,192 $5,565,612 LIABILITIES AND PARTNERS' EQUITY LIABILITIES $412,607 $372,270 PARTNERS' EQUITY: General Partners (41,219) (41,352) Limited Partners 5,247,804 5,234,694 Total partners' equity 5,206,585 5,193,342 TOTAL $5,619,192 $5,565,612 See accompanying notes to financial statements(unaudited). STATEMENTS OF INCOME (UNAUDITED) FOR THE THREE MONTHS ENDED September 30, 1995 AND 1994 September 30, September 30, 1995 1994 REVENUES: Rental Income $643,148 $631,594 Interest 4,552 3,294 Total revenue 647,700 634,888 EXPENSES: Operating Expenses 303,960 280,920 General and administrative 47,881 48,762 Total expenses 351,841 329,682 NET INCOME $295,859 $305,206 AGGREGATE NET INCOME ALLOCATED TO : Limited partners $292,900 $302,154 General partners 2,959 3,052 TOTAL $295,859 $305,206 NET INCOME PER LIMITED PARTNERSHIP UNIT $12.33 $12.72 LIMITED PARTNERSHIP UNITS USED IN PER UNIT CALCULATION 23,753 23,753 See accompanying notes to financial statements(unaudited). STATEMENTS OF INCOME (UNAUDITED) FOR THE NINE MONTHS ENDED September 30, 1995 AND 1994 September 30, September 30, 1995 1994 REVENUES: Rental Income $1,871,663 $1,801,113 Interest 10,448 5,313 Total Revenues 1,882,111 1,806,426 EXPENSES: Operating Expenses 891,216 832,544 General and Administrative 167,892 166,627 Total Expenses 1,059,108 999,171 NET INCOME $ 823,003 $ 807,255 AGGREGATE NET INCOME ALLOCATED TO: Limited partners $ 814,773 $ 799,182 General partners 8,230 8,073 TOTAL $ 823,003 $ 807,255 NET INCOME PER LIMTED PARTNERSHIP UNIT $34.30 $33.65 LIMITED PARTNERSHIP UNITS USED IN PER UNIT CALCULATION 23,753 23,753 See accompanying notes to financial statements (unaudited)
STATEMENTS OF CHANGES IN PARTNERS' EQUITY (UNAUDITED) FOR THE NINE MONTHS ENDED September 30, 1995 AND 1994
GENERAL LIMITED PARTNERS PARTNERS TOTAL EQUITY AT DECEMBER 31, 1993 ($38,367) $5,530,231 $5,491,864 NET INCOME 8,073 799,182 807,255 DISTRIBUTIONS (7,498) (742,281) (749,779) "EQUITY AT SEPTEMBER 30, 1994 ($37,792) $5,587,132 $5,549,340 "EQUITY AT DECEMBER 31, 1994 ($41,352) $5,234,694 $5,193,342 NET INCOME 8,230 814,773 823,003 DISTRIBUTIONS (8,097) (801,663) (809,760) EQUITY AT SEPTEMBER 30, 1995 ($41,219) $5,247,804 $5,206,585 See accompanying notes to financial statements(unaudited).
STATEMENTS OF CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND 1994
September 30, September 30, 1995 1994 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 823,003 $ 807,255 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 311,094 311,094 Changes in assets and liabilities: Decrease(Increase) in other assets (26,990) (28,702) Increase in liabilities 40,337 57,893 Net cash provided by operating activities 1,147,444 1,147,540 CASH FLOWS FROM INVESTING ACTIVITIES- Purchase of property and equipment (32,387) (27,159) CASH FLOWS FROM FINANCING ACTIVITIES - Distributions to partners (809,760) (749,779) NET INCREASE IN CASH AND CASH EQUIVALENTS 305,297 370,602 CASH AND CASH EQUIVALENTS: At beginning of period 407,250 293,874 At end of period $ 712,547 $ 667,476 See accompanying notes to financial statements(unaudited).
DSI REALTY INCOME FUND VI (A California Real Estate Limited Partnership) NOTES TO FINANCIAL STATEMENTS (UNAUDITED) 1. GENERAL DSI Realty Income Fund VI (the "Partnership"), a limited partnership, has two general partners (DSI Properties, Inc., and Diversified Investors Agency) and limited partners owning 23,753 limited partnership units. The Partnership was formed under the California Uniform Limited Partnership Act for the primary purpose of acquiring and operating real estate. The accompanying financial information as of September 30, 1995, and for the periods ended September 30, 1995 and 1994, is unaudited. Such financial information includes all adjustments which are considered necessary by the Partnership's management for a fair presentation of the results for the periods indicated. 2. PROPERTY Properties owned by the Partnership are all mini-storage facilities. Depreciation is calculated using the straight line method over the estimated useful life of 20 years. The total cost of property and accumulated depreciation at September 30, 1995, is as follows: Land $ 1,759,000 Buildings 8,352,509 Furniture and Equipment 36,612 Total 10,148,121 Less: Accumulated Depreciation ( 5,295,426) Property - Net $ 4,852,695
3. NET INCOME PER LIMITED PARTNERSHIP UNIT Net income per limited partnership unit is calculated by dividing the net income allocated to the limited partners by the number of limited partnership units outstanding during the period. EX-27 3
5 9-MOS YEAR DEC-31-1995 DEC-31-1994 SEP-30-1995 DEC-31-1994 712,547 407250 0 0 0 0 0 0 0 0 0 0 10148121 10115734 5295426 4984332 5619192 5565612 0 0 0 0 0 0 0 0 0 0 0 0 5619192 5565612 1871663 2399645 1882111 2410812 0 0 0 0 0 0 0 0 0 0 823003 1081072 0 0 823003 1081072 0 0 0 0 0 0 823003 1081072 0 0 0 0
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