RELATED PARTY TRANSACTIONS

3 Months Ended

Jun. 30, 2015

NOTE C - RELATED PARTY TRANSACTIONS

The Fund has entered into several transactions with various affiliates of its general partner, including Boston Capital Holdings LP, Boston Capital Partners, Inc., and Boston Capital Asset Management Limited Partnership, as follows:

An annual fund management fee, based on .5 percent of the aggregate cost of all apartment complexes owned by the Operating Partnerships, has been accrued to Boston Capital Asset Management Limited Partnership.  Since reporting fees collected by the series were added to reserves and not paid to Boston Capital Asset Management Limited Partnership, the amounts accrued are not net of reporting fees received. The fund management fees accrued for the three months ended June 30, 2015 and 2014 are as follows:

               2015
            2014
 
  Series 15
  $ 19,131
  $ 30,864
 
  Series 16
 45,774
 56,813
 
  Series 17
 37,158
 46,986
 
  Series 18
 23,904
 45,876
 
  Series 19
   8,793
   15,618
 
  
  $134,760
  $196,157
 
 

The fund management fees paid for the three months ended June 30, 2015 and 2014 are as follows:

    2015
 2014
 
 Series 15
 $    -
  $        -
 
 Series 16
 -
 -
 
 Series 17
 87,383
 -
 
 Series 18
 -
 -
 
 Series 19
     8,793
     15,618
 
  $  96,176
  $   15,618
 
 

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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