-----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, MH8i7ZaYTdksRIKX6xgq65/q/jWlfuH8u+5nyuC65CGxcAZP0XMR02IOrW+w6dwz B6M40kYDTtBwgb6FSRCnvg== 0000764586-95-000009.txt : 19951109 0000764586-95-000009.hdr.sgml : 19951109 ACCESSION NUMBER: 0000764586-95-000009 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 X CENTRAL INDEX KEY: 0000792989 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 330195079 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-15346 FILM NUMBER: 95588210 BUSINESS ADDRESS: STREET 1: 3701 LONG BEACH BLVD CITY: LONG BEACH STATE: CA ZIP: 90801 BUSINESS PHONE: 310-595-77 MAIL ADDRESS: STREET 1: P O BOX 357 CITY: LONG BEACH STATE: CA ZIP: 90801 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 0-15346 DSI REALTY INCOME FUND X, A California Limited Partnership (Exact name of registrant as specified in its charter) California_______________________________________33-0195079 (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 X 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 X 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 X (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 $1,075,711 $ 590,983 PROPERTY 8,733,505 9,123,547 OTHER ASSETS 73,644 324,827 TOTAL $9,882,860 $10,039,357 LIABILITIES AND PARTNERS' EQUITY LIABILITIES $1,660,503 $1,568,004 PARTNERS' EQUITY: General Partners (59,804) (57,314) Limited Partners 8,282,161 8,528,667 Total partners' equity 8,222,357 8,471,353 TOTAL $9,882,860 $10,039,357 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 $673,177 $602,208 Interest 8,436 4,414 Total revenue 681,613 606,622 EXPENSES: Operating Expenses 347,319 284,861 General and administrative 35,924 39,182 Total expenses 383,243 324,043 NET INCOME $298,370 $282,579 AGGREGATE NET INCOME ALLOCATED TO : Limited partners $295,386 $279,753 General partners 2,984 2,826 TOTAL $298,370 $282,579 NET INCOME PER LIMITED PARTNERSHIP UNIT $9.29 $8.80 LIMITED PARTNERSHIP UNITS USED IN PER UNIT CALCULATION 31,783 31,783 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 $1,871,445 $1,696,214 Interest 22,591 7,370 Total Revenues 1,894,036 1,703,584 EXPENSES: Operating Expenses 1,028,328 955,079 General and Administrative 151,584 133,840 Total Expenses 1,179,912 1,088,919 NET INCOME $ 714,124 $ 614,665 AGGREGATE NET INCOME ALLOCATED TO: Limited partners $ 706,983 $ 608,518 General partners 7,141 6,147 TOTAL $ 714,124 $ 614,665 NET INCOME PER LIMTED PARTNERSHIP UNIT $22.24 $19.15 LIMITED PARTNERSHIP UNITS USED IN PER UNIT CALCULATION 31,783 31,783 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 ($54,311) $8,825,977 $8,771,666 NET INCOME 6,147 608,518 614,665 DISTRIBUTIONS (8,427) (834,304) (842,731) EQUITY AT SEPTEMBER 30, 1994 ($56,591) $8,600,191 $8,543,600 EQUITY AT DECEMBER 31, 1994 ($57,314) $8,528,667 $8,471,353 NET INCOME 7,141 706,983 714,124 DISTRIBUTIONS (9,631) (953,499) (963,120) EQUITY AT SEPTEMBER 30, 1995 ($59,804) $8,282,161 $8,222,357 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 $ 714,124 $ 614,665 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 403,896 403,896 Changes in assets and liabilities: Decrease(Increase) in other assets 251,183 (52,564) Increase in liabilities 92,499 248,565 Net cash provided by operating activities 1,461,702 1,214,562 CASH FLOWS FROM INVESTING ACTIVITIES- Purchase of property and equipment (13,854) (56,311) CASH FLOWS FROM FINANCING ACTIVITIES - Distributions to partners (963,120) (842,731) NET INCREASE IN CASH AND CASH EQUIVALENTS 484,728 315,520 CASH AND CASH EQUIVALENTS: At beginning of period 590,983 413,041 At end of period $1,075,711 $ 728,561 See accompanying notes to financial statements(unaudited).
DSI REALTY INCOME FUND X (A California Real Estate Limited Partnership) NOTES TO FINANCIAL STATEMENTS (UNAUDITED) 1. GENERAL DSI Realty Income Fund X (the "Partnership") has three general partners (DSI Properties, Inc., Robert J. Conway and Joseph W. Conway) and limited partners owning 31,783 limited partnership units. 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 The Partnership owns five mini-storage facilities. Two facilities are located in Warren, Michigan; one facility is located in Troy, Michigan; one facility is located in Crestwood, Illinois; and one facility is located in Forestville, Maryland. As of September 30, 1995, the total cost and accumulated depreciation of the mini-storage facilities is as follows: Land $ 2,089,882 Buildings 10,603,413 Furniture and Equipment 2,799 Total 12,696,094 Less: Accumulated Depreciation ( 3,962,589) Property - Net $ 8,733,505
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 $ 1075711 590983 0 0 0 0 0 0 0 0 0 0 12696094 12682240 3962589 3558693 9882860 1568004 0 0 0 0 0 0 0 0 0 0 0 0 9882860 10039357 1871445 2278057 1894036 2292130 0 0 0 0 0 0 0 0 0 0 714124 863458 0 0 714124 863458 0 0 0 0 0 0 714124 863458 0 0 0 0
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