EX-99.B 5 j4174_ex99db.htm EX-99.B Boston Capital Tax Credit Fund II Limited Partnership - Series 7

EXHIBIT 99.B

 

Boston Capital Tax Credit Fund III LP - Series 15

Schedule III - Real Estate and Accumulated Depreciation

March 31, 2002

 

 

 

 

 

Initial cost to company

 

Cost capitalized
subsequent to
acquisition

 

Gross amount at
which carried at
close of period

 

 

 

 

 

 

 

 

 

Description

 

Encum-brances

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and  improvements

 

Total

 

Accumulated depreciation

 

Date of construction

 

Date  acquired

 

Life on which depreciation is computed

 

APRIL GARDENS

 

1,455,172

 

50,000

 

1,773,331

 

16,316

 

50,000

 

1,789,647

 

1,839,647

 

650,710

 

5/93

 

9/92

 

5-27.5 yrs

 

ARKANSAS CITY

 

815,212

 

15,870

 

1,016,757

 

0

 

15,870

 

1,016,757

 

1,032,627

 

314,571

 

12/94

 

9/94

 

5-25 yrs

 

AUTUMNWOOD

 

1,317,508

 

50,000

 

1,669,609

 

8,898

 

50,000

 

1,678,507

 

1,728,507

 

584,071

 

1/93

 

8/92

 

5-27.5 yrs

 

BARTON VILLAGE

 

505,462

 

47,898

 

683,991

 

5,242

 

47,898

 

689,233

 

737,131

 

235,485

 

3/93

 

10/92

 

5-27.5 yrs

 

BECKWOOD MANOR EIGHT

 

1,209,320

 

60,000

 

1,498,746

 

13,990

 

58,000

 

1,512,736

 

1,570,736

 

432,150

 

8/95

 

8/94

 

5-27.5 yrs

 

BERGEN MANOR

 

1,005,751

 

42,000

 

1,256,858

 

31,538

 

42,000

 

1,288,396

 

1,330,396

 

490,393

 

7/92

 

7/92

 

7-27.5 yrs

 

BRIDLEWOOD

 

781,819

 

42,000

 

211,635

 

797,996

 

42,000

 

1,009,631

 

1,051,631

 

206,146

 

1/95

 

1/94

 

5-27.5 yrs

 

BRUNSWICK

 

810,261

 

69,000

 

953,553

 

5,239

 

69,000

 

958,792

 

1,027,792

 

349,604

 

9/92

 

4/92

 

7-27.5 yrs

 

BUENA VISTA APTS

 

1,440,708

 

75,000

 

1,767,511

 

262

 

75,000

 

1,767,773

 

1,842,773

 

689,179

 

1/92

 

3/92

 

7-27.5 yrs

 

CALEXICO SR

 

1,908,011

 

213,000

 

2,047,255

 

0

 

213,000

 

2,047,255

 

2,260,255

 

416,169

 

9/92

 

9/92

 

7-27.5 yrs

 

CALIFORNIA
INVESTORS VII

 

8,616,407

 

820,000

 

9,361,922

 

16,316,690

 

803,050

 

25,678,612

 

26,481,662

 

5,831,558

 

12/93

 

10/92

 

5-27.5 yrs

 

CHESTNUT HILL

 

731,595

 

40,000

 

904,814

 

6,639

 

40,000

 

911,453

 

951,453

 

244,332

 

9/92

 

9/92

 

7-27.5 yrs

 

CORALVILLE HOUSING

 

2,564,763

 

258,000

 

4,683,541

 

160,999

 

258,000

 

4,844,540

 

5,102,540

 

1,830,714

 

10/92

 

3/92

 

7-27.5 yrs

 

CURWENSVILLE

 

1,202,207

 

31,338

 

1,435,553

 

143,856

 

31,338

 

1,579,409

 

1,610,747

 

382,340

 

7/93

 

9/92

 

5-27.5 yrs

 

DEERFIELD

 

1,219,898

 

65,400

 

1,495,473

 

0

 

65,400

 

1,495,473

 

1,560,873

 

559,189

 

6/92

 

4/92

 

7-27.5 yrs

 

EAST MACHIAS

 

1,029,999

 

77,963

 

1,478,171

 

17,597

 

77,963

 

1,495,768

 

1,573,731

 

371,975

 

1/93

 

9/92

 

10-40 yrs

 

EAST PARK

 

525,985

 

2,000

 

980,413

 

25,847

 

2,000

 

1,006,260

 

1,008,260

 

309,612

 

1/94

 

6/94

 

5-27.5 yrs

 

EDGEWOOD

 

779,488

 

36,000

 

967,796

 

0

 

36,000

 

967,796

 

1,003,796

 

339,291

 

8/92

 

6/92

 

7-27.5 yrs

 

 

F-65



 

 

 

 

 

Initial cost to company

 

Cost capitalized
subsequent to
acquisition

 

Gross amount at
which carried at
close of period

 

 

 

 

 

 

 

 

 

Description

 

Encum-brances

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and  improvements

 

Total

 

Accumulated depreciation

 

Date of construction

 

Date  acquired

 

Life on which depreciation is computed

 

FAR VIEW

 

912,308

 

100,000

 

1,066,418

 

27,129

 

707,848

 

4,383,129

 

5,090,977

 

2,036,954

 

11/92

 

6/92

 

10-40 yrs

 

GRAHAM HOUSING

 

1,285,775

 

85,006

 

2,451,794

 

12,645

 

40,000

 

744,199

 

784,199

 

327,934

 

6/95

 

10/94

 

5-27.5 yrs

 

GRANTSVILLE

 

1,472,936

 

85,099

 

1,795,971

 

14,976

 

211,500

 

1,767,942

 

1,979,442

 

366,883

 

2/93

 

5/92

 

5-27.5 yrs

 

GREENTREE APTS

 

677,245

 

15,000

 

1,143,223

 

(9,253

)

30,000

 

770,085

 

800,085

 

324,817

 

10/75

 

4/94

 

5-27.5 yrs

 

GREENWOOD VIL

 

667,936

 

20,123

 

893,915

 

6,906

 

30,000

 

1,076,230

 

1,106,230

 

398,068

 

5/93

 

8/92

 

5-27.5 yrs

 

HARRISONVILLE II

 

603,589

 

15,000

 

744,677

 

22,914

 

58,500

 

1,269,643

 

1,328,143

 

474,479

 

11/91

 

3/92

 

7-27.5 yrs

 

HEALDTON

 

693,112

 

15,000

 

868,469

 

0

 

40,000

 

1,109,346

 

1,149,346

 

381,303

 

12/94

 

8/94

 

5-27.5 yrs

 

HEARTHSIDE

 

1,915,579

 

95,000

 

2,967,134

 

(31,331

)

26,750

 

774,558

 

801,308

 

321,850

 

11/92

 

4/92

 

7-27.5 yrs

 

HERONS LANDING

 

1,193,598

 

176,121

 

1,410,573

 

47,042

 

36,000

 

897,897

 

933,897

 

324,205

 

10/92

 

10/92

 

7-27.5 yrs

 

HIDDEN COVE

 

2,792,831

 

707,848

 

4,334,916

 

48,213

 

707,848

 

4,383,129

 

5,090,977

 

2,036,954

 

8/88

 

2/94

 

5-27.5 yrs

 

HIGGINSVILLE ESTATES

 

622,507

 

40,000

 

738,056

 

6,143

 

40,000

 

744,199

 

784,199

 

327,934

 

3/91

 

3/92

 

7-27.5 yrs

 

INV GROUP OF PAYSON

 

1,474,654

 

211,500

 

1,767,942

 

0

 

211,500

 

1,767,942

 

1,979,442

 

366,883

 

8/92

 

8/92

 

7-27.5 yrs

 

KEARNEY

 

628,713

 

30,000

 

763,159

 

6,926

 

30,000

 

770,085

 

800,085

 

324,817

 

1/92

 

5/92

 

7-27.5 yrs

 

LAKEVIEW

 

880,282

 

30,000

 

1,077,130

 

(900

)

30,000

 

1,076,230

 

1,106,230

 

398,068

 

7/92

 

4/92

 

7-27.5 yrs

 

LAURELWOOD

 

1,059,322

 

58,500

 

1,268,491

 

1,152

 

58,500

 

1,269,643

 

1,328,143

 

474,479

 

2/92

 

3/92

 

7-27.5 yrs

 

LEBANON II

 

913,131

 

40,000

 

1,090,397

 

18,949

 

40,000

 

1,109,346

 

1,149,346

 

381,303

 

2/93

 

8/92

 

5-27.5 yrs

 

LEBANON III

 

626,664

 

26,750

 

766,992

 

7,566

 

26,750

 

774,558

 

801,308

 

321,850

 

2/92

 

3/92

 

7-27.5 yrs

 

LILAC

 

717,719

 

36,000

 

897,897

 

0

 

36,000

 

897,897

 

933,897

 

324,205

 

7/92

 

6/92

 

7-27.5 yrs

 

 

F-66



 

 

 

 

 

Initial cost to company

 

Cost capitalized
subsequent to
acquisition

 

Gross amount at
which carried at
close of period

 

 

 

 

 

 

 

 

 

Description

 

Encum-brances

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and  improvements

 

Total

 

Accumulated depreciation

 

Date of construction

 

Date  acquired

 

Life on which depreciation is computed

 

LIVINGSTON PLAZA

 

667,055

 

32,500

 

868,525

 

0

 

32,500

 

868,525

 

901,025

 

288,775

 

11/93

 

12/92

 

5-27.5 yrs

 

MADISON PARTNERS

 

1,188,737

 

47,340

 

1,452,910

 

24,801

 

47,340

 

1,477,711

 

1,525,051

 

452,324

 

12/94

 

3/95

 

5-27.5 yrs

 

MANNING LANE

 

1,458,069

 

73,600

 

1,771,816

 

6,404

 

73,600

 

1,778,220

 

1,851,820

 

621,522

 

3/93

 

8/92

 

5-27.5 yrs

 

MARSHALL LANE

 

548,387

 

20,000

 

672,691

 

728

 

20,000

 

673,419

 

693,419

 

237,679

 

12/92

 

8/92

 

5-27.5 yrs

 

MARYVILLE

 

712,106

 

57,000

 

834,823

 

23,194

 

57,000

 

858,017

 

915,017

 

355,235

 

3/92

 

5/92

 

7-27.5 yrs

 

MONARK VILLAGE

 

311,978

 

68,900

 

570,916

 

0

 

68,900

 

570,916

 

639,816

 

165,463

 

3/94

 

6/94

 

5-27.5 yrs

 

N. PRAIRIE

 

871,731

 

5,000

 

1,121,143

 

29,697

 

5,000

 

1,150,840

 

1,155,840

 

433,338

 

5/93

 

9/92

 

5-27.5 yrs

 

OAKGROVE

 

400,397

 

5,000

 

460,291

 

17,846

 

5,000

 

478,137

 

483,137

 

206,326

 

11/91

 

4/92

 

7-27.5 yrs

 

OAKWOOD

 

1,098,916

 

42,000

 

1,341,412

 

8,244

 

42,000

 

1,349,656

 

1,391,656

 

511,737

 

5/92

 

5/92

 

7-27.5 yrs

 

OSAGE

 

1,084,563

 

110,000

 

2,309,861

 

84,028

 

110,000

 

2,393,889

 

2,503,889

 

904,573

 

6/92

 

4/92

 

7-27.5 yrs

 

OSCEOLA

 

629,895

 

54,600

 

797,763

 

110,999

 

27,300

 

908,762

 

936,062

 

362,390

 

5/92

 

5/92

 

7-27.5 yrs

 

PDC FIFTY FIVE

 

1,278,958

 

50,170

 

1,576,823

 

6,196

 

50,170

 

1,583,019

 

1,633,189

 

512,799

 

9/93

 

10/92

 

5-27.5 yrs

 

RAINIER

 

3,574,135

 

521,000

 

5,852,852

 

47,395

 

521,000

 

5,900,247

 

6,421,247

 

1,546,179

 

1/93

 

4/92

 

5-27.5 yrs

 

RIDGEVIEW

 

890,244

 

42,800

 

1,027,499

 

3,864

 

42,800

 

1,031,363

 

1,074,163

 

390,805

 

1/92

 

3/92

 

7-27.5 yrs

 

RIO MEMBRES II

 

766,792

 

48,938

 

930,376

 

21,579

 

48,938

 

951,955

 

1,000,893

 

253,433

 

4/92

 

4/92

 

7-27.5 yrs

 

ROLLING BROOK

 

818,968

 

35,000

 

1,006,667

 

17,933

 

35,000

 

1,024,600

 

1,059,600

 

406,796

 

11/92

 

6/92

 

7-27.5 yrs

 

 

F-67



 

 

 

 

 

Initial cost to company

 

Cost capitalized
subsequent to
acquisition

 

Gross amount at
which carried at
close of period

 

 

 

 

 

 

 

 

 

Description

 

Encum-brances

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and  improvements

 

Total

 

Accumulated depreciation

 

Date of construction

 

Date  acquired

 

Life on which depreciation is computed

 

SCHOOL STREET

 

717,435

 

127,852

 

1,353,622

 

120,996

 

38,509

 

1,474,618

 

1,513,127

 

602,348

 

5/92

 

4/92

 

5-27.5 yrs

 

SHENANDOAH

 

1,459,010

 

67,500

 

1,754,599

 

4,638

 

67,500

 

1,759,237

 

1,826,737

 

588,039

 

2/93

 

8/92

 

5-27.5 yrs

 

SHOWBOAT MANOR

 

788,430

 

31,200

 

968,253

 

18,535

 

31,200

 

986,788

 

1,017,988

 

381,284

 

2/92

 

7/92

 

5-27.5 yrs

 

SIOUX FALLS

 

1,230,146

 

146,694

 

2,656,753

 

85,749

 

146,694

 

2,742,502

 

2,889,196

 

1,026,971

 

9/92

 

5/92

 

7-27.5 yrs

 

SUNSET SQUARE

 

733,333

 

50,000

 

896,507

 

10,373

 

50,000

 

906,880

 

956,880

 

248,849

 

8/92

 

9/92

 

7-27.5 yrs

 

TAYLOR MILLS

 

761,607

 

24,000

 

936,166

 

0

 

24,000

 

936,166

 

960,166

 

345,290

 

5/92

 

4/92

 

7-27.5 yrs

 

TIMMONS VILLAGE

 

617,040

 

15,000

 

754,172

 

6,507

 

38,500

 

760,679

 

799,179

 

277,949

 

7/92

 

5/92

 

7-27.5 yrs

 

UNIVERSITY MEADOWS

 

2,091,888

 

62,985

 

3,579,473

 

31,289

 

62,985

 

3,610,762

 

3,673,747

 

1,387,518

 

12/92

 

6/92

 

5-28 yrs

 

VALATIE

 

1,334,438

 

30,000

 

1,712,263

 

44,021

 

30,000

 

1,756,284

 

1,786,284

 

639,846

 

4/93

 

6/92

 

7-27.5 yrs

 

VIRGEN DEL POZO

 

3,310,212

 

120,000

 

4,274,133

 

192,949

 

120,000

 

4,467,082

 

4,587,082

 

1,345,263

 

7/93

 

8/92

 

5-27.5 yrs

 

VILLA DEL MAR

 

1,453,567

 

50,000

 

1,792,888

 

45,602

 

50,000

 

1,838,490

 

1,888,490

 

701,950

 

8/92

 

8/92

 

7-27.5 yrs

 

WACHULA

 

1,465,017

 

66,720

 

1,770,669

 

23,887

 

66,720

 

1,794,556

 

1,861,276

 

626,794

 

10/92

 

9/92

 

5-27.5 yrs

 

WEEDPATCH

 

1,953,930

 

272,000

 

2,246,927

 

3,703

 

272,000

 

2,250,630

 

2,522,630

 

397,494

 

9/94

 

1/94

 

5-50 yrs

 

WESTERNPORT

 

1,474,702

 

18,645

 

1,833,384

 

3,694

 

18,645

 

1,837,078

 

1,855,723

 

612,508

 

2/93

 

7/92

 

5-27.5 yrs

 

WHITEWATER VILL

 

521,423

 

18,542

 

637,048

 

1,469

 

18,542

 

638,517

 

657,059

 

230,768

 

11/92

 

8/92

 

7-27.5 yrs

 

WOOD PARK POINTE

 

1,158,810

 

117,500

 

1,329,664

 

1,349

 

117,500

 

1,331,013

 

1,448,513

 

502,324

 

5/92

 

6/92

 

5-27.5 yrs

 

 

 

84,429,386

 

6,214,902

 

111,326,972

 

18,727,855

 

6,103,309

 

130,054,827

 

136,158,136

 

40,999,083

 

 

 

 

 

 

 

 

Since the Operating Partnerships maintain a calendar year end the information reported on this schedule is as of December 31, 2001

There were no carrying costs as of December 31, 2001.  The column has been omitted for presentation purposes.

 

F-68



 

Notes to Schedule III

 

Boston Capital Tax Credit Fund III LP - Series 15

 

Reconciliation of Land, Building & Improvements current year changes

 

Balance at beginning of period - 4/1/92

 

 

 

$

0

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

64,786,120

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

64,786,120

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other*

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/93

 

 

 

$

64,786,120

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

52,271,170

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

52,271,170

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other*

 

(69,144

)

 

 

 

 

 

 

$

(69,144

)

Balance at close of period - 3/31/94

 

 

 

$

116,988,146

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

10,630,188

 

 

 

Improvements, etc

 

182,886

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

10,813,074

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

(927,768

)

 

 

 

 

 

 

$

(927,768

)

Balance at close of period - 3/31/95

 

 

 

$

126,873,452

 

 

F-69



 

Balance at close of period - 3/31/95

 

 

 

$

126,873,452

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

7,477,482

 

 

 

Improvements, etc

 

998,864

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

8,476,346

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/96

 

 

 

$

135,349,798

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

102,413

 

 

 

Improvements, etc

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

102,413

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other  *

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/97

 

 

 

$

135,452,211

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

136,931

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

136,931

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/98

 

 

 

$

135,589,142

 

 

F-70



 

Balance at close of period - 3/31/98

 

 

 

$

135,589,142

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

229,180

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

229,180

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other **

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/99

 

 

 

$

135,818,322

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

203,110

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

203,110

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other **

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/00

 

 

 

$

136,021,432

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

215,095

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

215,095

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other **

 

(500,929

)

 

 

 

 

 

 

$

(500,929

)

Balance at close of period - 3/31/01

 

 

 

$

135,735,598

 

 

F-71



 

Balance at close of period - 3/31/01

 

 

 

$

135,735,598

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

422,538

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

422,538

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other **

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/02

 

 

 

$

136,198,136

 

 

F-72



 

Reconciliation of Accumulated Depreciation current year changes

 

Balance at beginning of period - 4/1/92

 

 

 

$

0

 

Current year expense

 

$

1,151,027

 

 

 

Balance at close of period - 3/31/93

 

 

 

$

1,151,027

 

Current year expense

 

$

4,194,293

 

 

 

Balance at close of period - 3/31/94

 

 

 

$

5,345,320

 

Current year expense

 

$

4,646,907

 

 

 

Balance at close of period - 3/31/95

 

 

 

$

9,992,227

 

Current year expense

 

$

5,445,282

 

 

 

Balance at close of period - 3/31/96

 

 

 

$

15,437,509

 

Current year expense

 

$

4,587,940

 

 

 

Balance at close of period - 3/31/97

 

 

 

$

20,025,449

 

Current year expense

 

$

4,427,546

 

 

 

Balance at close of period - 3/31/98

 

 

 

$

24,452,995

 

Current year expense

 

$

4,453,997

 

 

 

Balance at close of period - 3/31/99

 

 

 

$

28,906,992

 

Current year expense

 

$

4,348,463

 

 

 

Balance at close of period - 3/31/00

 

 

 

$

33,255,455

 

Current year expense

 

$

3,625,904

 

 

 

Balance at close of period - 3/31/01

 

 

 

$

36,881,359

 

Current year expense

 

$

4,117,724

 

 

 

Balance at close of period - 3/31/02

 

 

 

$

40,999,083

 

 

F-73



 

Boston Capital Tax Credit Fund III LP - Series 16
Schedule III - Real Estate and Accumulated Depreciation
March 31, 2002

 

Description

 

Encum-brances

 

Initial cost to company

 

Cost capitalized subsequent to acquisition

 

Gross amount at which carried
at close of period

 

Accumulated depreciation

 

Date of  construction

 

Date acquired

 

Life on which depreciation is computed

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and improvements

 

Total

1413 LEAVENWORTH

 

1,547,402

 

8,000

 

2,927,089

 

497,269

 

8,000

 

3,424,358

 

3,432,358

 

1,136,265

 

3/93

 

12/92

 

5-27.5 yrs

 

ANSON

 

1,272,820

 

40,202

 

1,683,348

 

16,814

 

40,202

 

1,700,162

 

1,740,364

 

408,587

 

9/93

 

12/92

 

10-40 yrs

 

AZTEC

 

1,007,449

 

115,000

 

1,299,311

 

27,493

 

115,000

 

1,326,804

 

1,441,804

 

474,389

 

5/93

 

5/93

 

5-27.5 yrs

 

BENTONIA ELDERLY

 

833,921

 

21,000

 

678,677

 

389,641

 

21,000

 

1,068,318

 

1,089,318

 

238,026

 

2/94

 

7/93

 

5-27.5 yrs

 

BERNICE VILLA

 

931,072

 

37,000

 

1,204,665

 

31,160

 

37,000

 

1,235,825

 

1,272,825

 

267,441

 

10/93

 

5/93

 

5-40 yrs

 

BLAIRSVILLE RENTAL I

 

750,441

 

58,377

 

866,980

 

42,179

 

35,000

 

909,159

 

944,159

 

241,690

 

9/94

 

12/92

 

5-27.5 yrs

 

BLAIRSVILLE RENTAL

 

734,428

 

84,359

 

804,895

 

62,014

 

49,500

 

866,909

 

916,409

 

232,998

 

7/94

 

12/92

 

5-27.5 yrs

 

BLOWING ROCK

 

508,567

 

47,500

 

663,473

 

686

 

47,500

 

664,159

 

711,659

 

174,070

 

11/94

 

12/93

 

5-27.5 yrs

 

BRANSON CHRISTIAN I

 

1,426,667

 

163,350

 

2,990,564

 

10,069

 

163,350

 

3,000,633

 

3,163,983

 

917,961

 

6/94

 

3/94

 

5-27.5 yrs

 

BRANSON CHRISTIAN II

 

999,263

 

0

 

2,497,066

 

43,165

 

0

 

2,540,231

 

2,540,231

 

761,104

 

8/94

 

7/94

 

5-27.5 yrs

 

BUTLER RENTAL

 

743,621

 

0

 

937,495

 

18,887

 

0

 

956,382

 

956,382

 

295,296

 

9/93

 

12/92

 

7-27.5 yrs

 

CANTERFIELD

 

760,850

 

48,000

 

934,169

 

1,357

 

48,000

 

935,526

 

983,526

 

327,715

 

1/93

 

11/92

 

5-27.5 yrs

 

CAPE ANN

 

461,586

 

18,000

 

1,833,366

 

55,338

 

18,000

 

1,888,704

 

1,906,704

 

568,782

 

12/93

 

1/93

 

7-31.5 yrs

 

CASS PARTNERS

 

623,971

 

45,250

 

2,026,740

 

0

 

45,250

 

2,026,740

 

2,071,990

 

426,262

 

12/93

 

12/93

 

5-27.5 yrs

 

CEDAR TRACE

 

499,247

 

18,000

 

639,500

 

5,277

 

18,000

 

644,777

 

662,777

 

241,022

 

7/93

 

10/92

 

5-27.5 yrs

 

CONCORD ASSOC.

 

1,112,942

 

61,532

 

1,223,133

 

192,519

 

61,532

 

1,415,652

 

1,477,184

 

517,181

 

2/93

 

2/93

 

5-27.5 yrs

 

CLYMER PARK ASSOC

 

1,433,031

 

35,800

 

1,831,813

 

30,964

 

35,800

 

1,862,777

 

1,898,577

 

376,163

 

11/94

 

12/92

 

5-27.5 yrs

 

CUMBERLAND WOOD

 

1,437,207

 

114,449

 

1,780,622

 

59,361

 

129,538

 

1,839,983

 

1,969,521

 

360,696

 

10/94

 

12/93

 

6-40 yrs

 

DAVENPORT HOUSING

 

2,970,129

 

223,889

 

6,598,309

 

164,469

 

223,889

 

6,762,778

 

6,986,667

 

2,146,872

 

2/94

 

10/93

 

7-27.5 yrs

 

DEER RUN

 

669,808

 

30,000

 

1,536,783

 

0

 

30,000

 

1,536,783

 

1,566,783

 

507,301

 

3/93

 

8/93

 

5-27.5 yrs

 

EASTMAN ELDERLY

 

1,164,806

 

80,000

 

1,428,172

 

28,253

 

36,900

 

1,456,425

 

1,493,325

 

442,780

 

10/93

 

12/92

 

7-27.5 yrs

 

FAIRMEADOW APTS

 

874,391

 

53,296

 

1,184,327

 

43,501

 

53,296

 

1,227,828

 

1,281,124

 

261,090

 

7/93

 

1/93

 

5-27.5 yrs

 

FALCON RIDGE

 

1,033,201

 

25,000

 

1,332,798

 

25,531

 

25,000

 

1,358,329

 

1,383,329

 

260,656

 

1/95

 

4/94

 

5-27.5 yrs

 

 

F-74



 

Description

 

Encumb-rances

 

Initial cost to company

 

Cost capitalized subsequent to acquisition

 

Gross amount at which carried
at close of period

 

Accumulated depreciation

 

Date of  construction

 

Date acquired

 

Life on which depreciation is computed

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and improvements

 

Total

GIBSON

 

891,828

 

30,290

 

1,138,786

 

1,379

 

30,290

 

1,140,165

 

1,170,455

 

285,185

 

6/93

 

12/92

 

5-27.5 yrs

 

GREENFIELD

 

526,410

 

25,000

 

649,793

 

0

 

25,000

 

649,793

 

674,793

 

247,985

 

5/93

 

1/93

 

5-27.5 yrs

 

GREENWOOD

 

1,455,277

 

62,076

 

1,480,776

 

463,399

 

62,076

 

1,944,175

 

2,006,251

 

677,683

 

10/93

 

11/93

 

5-27.5 yrs

 

HARMONY HOUSE

 

1,453,064

 

57,000

 

1,764,438

 

14,574

 

57,000

 

1,779,012

 

1,836,012

 

471,017

 

7/93

 

11/92

 

5-27.5 yrs

 

HAYNES HOUSE

 

3,076,431

 

685,381

 

5,956,903

 

2,383,022

 

674,499

 

8,339,925

 

9,014,424

 

1,463,000

 

9/95

 

8/94

 

12-40 yrs

 

HOLLY TREE

 

876,906

 

58,900

 

1,069,733

 

6,452

 

58,900

 

1,076,185

 

1,135,085

 

376,929

 

2/93

 

11/92

 

5-27.5 yrs

 

IDABEL PROP.

 

1,366,841

 

50,000

 

1,791,971

 

0

 

50,000

 

1,791,971

 

1,841,971

 

633,301

 

12/93

 

4/93

 

5-25 yrs

 

ISOLA SQUARE

 

960,575

 

22,300

 

250,691

 

980,839

 

22,300

 

1,231,530

 

1,253,830

 

249,147

 

4/94

 

11/93

 

7-40 yrs

 

JOINER ELDERLY

 

798,358

 

47,719

 

1,026,013

 

8,864

 

47,719

 

1,034,877

 

1,082,596

 

364,996

 

6/93

 

1/93

 

5-40 yrs

 

LAWRENCEVILLE MANOR

 

1,403,729

 

61,370

 

1,660,796

 

32,484

 

61,370

 

1,693,280

 

1,754,650

 

513,406

 

7/94

 

2/94

 

5-27.5 yrs

 

LAWTELL MANOR

 

908,278

 

45,000

 

1,201,948

 

25,898

 

45,000

 

1,227,846

 

1,272,846

 

271,227

 

8/93

 

4/93

 

7-40 yrs

 

LOGAN LANE

 

1,307,405

 

54,000

 

1,602,465

 

2,963

 

54,000

 

1,605,428

 

1,659,428

 

554,409

 

3/93

 

9/92

 

5-27.5 yrs

 

MARINERS POINTE I & II

 

4,157,404

 

170,020

 

7,548,131

 

517,712

 

170,020

 

8,065,843

 

8,235,863

 

2,763,126

 

8/93

 

12/92

 

7-27.5 yrs

 

MEADOWS OF SOUTHGATE

 

2,243,493

 

252,000

 

4,575,879

 

2,605

 

252,000

 

4,578,484

 

4,830,484

 

853,485

 

5/94

 

7/93

 

12-40 yrs

 

MENDOTA VILLAGE

 

1,956,188

 

136,140

 

2,421,001

 

0

 

136,140

 

2,421,001

 

2,557,141

 

450,273

 

5/93

 

12/92

 

5-50 yrs

 

MIDCITY

 

2,849,466

 

15,058

 

6,611,666

 

4,800

 

15,058

 

6,616,466

 

6,631,524

 

1,794,139

 

6/94

 

9/93

 

5-27.5 yrs

 

NEWPORT HOUSING

 

1,220,015

 

160,000

 

1,405,411

 

(3,274

)

160,000

 

1,402,137

 

1,562,137

 

332,781

 

10/93

 

2/93

 

5-27.5 yrs

 

NEWPORT MANOR

 

944,283

 

31,908

 

1,175,109

 

43,925

 

31,908

 

1,219,034

 

1,250,942

 

289,548

 

12/93

 

9/93

 

5-40 yrs

 

PALATINE LP

 

1,407,423

 

37,400

 

1,785,282

 

30,391

 

37,400

 

1,815,673

 

1,853,073

 

581,062

 

5/94

 

5/94

 

5-27.5 yrs

 

RIVIERA APTS

 

1,679,836

 

100,000

 

2,979,700

 

620,624

 

132,400

 

3,600,324

 

3,732,724

 

1,059,233

 

12/93

 

12/92

 

5-27.5 yrs

 

SABLE CHASE

 

4,802,174

 

502,774

 

12,248,475

 

49,176

 

502,774

 

12,297,651

 

12,800,425

 

3,706,468

 

12/94

 

12/93

 

7-27.5 yrs

 

ST CROIX COMMONS

 

1,037,132

 

44,681

 

2,607,046

 

(659,017

)

44,681

 

1,948,029

 

1,992,710

 

598,113

 

12/94

 

10/94

 

5-27.5 yrs

 

 

F-75



 

Description

 

Encum-brances

 

Initial cost to company

 

Cost capitalized subsequent to acquisition

 

Gross amount at which carried
at close of period

 

Accumulated depreciation

 

Date of  construction

 

Date acquired

 

Life on which depreciation is computed

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and improvements

 

Total

ST JOSEPH SQ

 

946,223

 

37,500

 

1,167,702

 

21,111

 

37,500

 

1,188,813

 

1,226,313

 

259,591

 

9/93

 

5/93

 

5-40 yrs

 

SIMMESPORT

 

927,192

 

60,000

 

1,171,005

 

47,310

 

60,000

 

1,218,315

 

1,278,315

 

266,995

 

6/93

 

4/93

 

7-40 yrs

 

STONY GROUND

 

1,417,881

 

127,380

 

1,794,961

 

(800

)

129,005

 

1,794,161

 

1,923,166

 

601,349

 

6/93

 

12/92

 

5-27.5 yrs

 

SUMMERSVILLE

 

615,060

 

20,000

 

774,259

 

9,636

 

20,000

 

783,895

 

803,895

 

297,850

 

6/93

 

5/93

 

5-27.5 yrs

 

TALBOT VILLAGE

 

673,966

 

22,300

 

833,494

 

8,297

 

22,300

 

841,791

 

864,091

 

290,670

 

4/93

 

8/92

 

5-27.5 yrs

 

TCHULA ELDERLY

 

823,190

 

20,000

 

1,071,899

 

5,069

 

20,000

 

1,076,968

 

1,096,968

 

247,598

 

12/93

 

7/93

 

5-27.5 yrs

 

TUOLUMNE CITY

 

1,585,985

 

190,000

 

1,912,157

 

0

 

190,000

 

1,912,157

 

2,102,157

 

342,257

 

8/93

 

12/92

 

5-50 yrs

 

TURTLE CREEK

 

841,790

 

23,141

 

1,113,511

 

26,808

 

23,141

 

1,140,319

 

1,163,460

 

274,043

 

10/93

 

5/93

 

7-40 yrs

 

TWIN OAKS ASSOC

 

1,449,489

 

45,000

 

1,776,674

 

7,868

 

45,000

 

1,784,542

 

1,829,542

 

448,862

 

9/93

 

12/92

 

5-27.5 yrs

 

VICTORIA POINTE

 

1,430,835

 

153,865

 

1,437,570

 

358,182

 

128,900

 

1,795,752

 

1,924,652

 

490,592

 

1/95

 

10/94

 

5-27.5 yrs

 

VISTA LINDA APARTMENTS

 

2,487,400

 

143,253

 

2,961,671

 

97,490

 

143,253

 

3,059,161

 

3,202,414

 

956,530

 

12/93

 

1/93

 

5-27.5 yrs

 

WAKEFIELD HOUSING

 

1,250,660

 

88,564

 

1,480,003

 

5,238

 

88,564

 

1,485,241

 

1,573,805

 

375,847

 

2/93

 

9/92

 

10-40 yrs

 

WEST END MANOR

 

980,066

 

52,300

 

1,188,913

 

(43

)

52,300

 

1,188,870

 

1,241,170

 

405,697

 

5/93

 

5/93

 

5-27.5 yrs

 

WESTCHESTER OAK GROVE

 

1,109,019

 

38,010

 

2,281,529

 

63,989

 

35,000

 

2,345,518

 

2,380,518

 

874,582

 

4/93

 

12/92

 

5-27.5 yrs

 

WESTCHESTER ST JOE

 

1,404,722

 

100,000

 

3,211,620

 

20,099

 

100,000

 

3,231,719

 

3,331,719

 

1,150,702

 

6/93

 

7/93

 

5-27.5 yrs

 

WESTVILLE PROPERTIES

 

704,522

 

25,000

 

912,139

 

0

 

25,000

 

912,139

 

937,139

 

334,351

 

7/93

 

2/93

 

5-25 yrs

 

WILCOX INVESTMENT GROUP

 

1,095,271

 

58,500

 

1,376,329

 

0

 

58,500

 

1,376,329

 

1,434,829

 

257,286

 

6/93

 

1/93

 

5-50 yrs

 

WOODLANDS APTS

 

921,307

 

30,000

 

668,555

 

547,982

 

30,000

 

1,216,537

 

1,246,537

 

331,787

 

2/95

 

9/94

 

5-27.5 yrs

 

 

 

81,783,914

 

5,211,834

 

128,989,299

 

7,490,999

 

5,120,755

 

136,480,298

 

141,601,053

 

38,327,449

 

 

 

 

 

 

 

 

Since the Operating Partnerships maintain a calendar year end, the information reported on this schedule is as of December 31, 2001.

There we no carrying costs as of December 31, 2001. The Column has been omitted for presentation purposes.

 

F-76



 

Notes to Schedule III

 

Boston Capital Tax Credit Fund III LP - Series 16

 

Reconciliation of Land, Building & Improvements current year changes

 

Balance at beginning of period - 4/1/92

 

 

 

$

0

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

4,191,631

 

 

 

Improvements, etc

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

4,191,631

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other*

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/93

 

 

 

$

4,191,631

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

32,686,042

 

 

 

Improvements, etc

 

43,162,006

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

75,848,048

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/94

 

 

 

$

80,039,679

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

15,495,343

 

 

 

Improvements, etc

 

41,448,097

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

56,943,440

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/95

 

 

 

$

136,983,119

 

 

F-77



 

Balance at close of period - 3/31/95

 

 

 

$

136,983,119

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

106,204

 

 

 

Improvements, etc

 

5,007,023

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

5,113,227

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

(675,394

)

 

 

 

 

 

 

(675,394

)

Balance at close of period - 3/31/96

 

 

 

$

141,420,952

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

97,847

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

97,847

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

(1,512,675

)

 

 

 

 

 

 

(1,512,675

)

Balance at close of period - 3/31/97

 

 

 

$

140,006,124

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

163,080

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

163,080

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/98

 

 

 

$

140,169,204

 

 

F-78



 

Balance at close of period - 3/31/98

 

 

 

$

140,169,204

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

240,077

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

240,077

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/99

 

 

 

$

140,409,281

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

618,565

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

618,565

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/00

 

 

 

$

141,027,846

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

281,498

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

281,498

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/01

 

 

 

$

141,309,344

 

 

F-79



 

Balance at close of period - 3/31/01

 

 

 

$

141,309,344

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

291,709

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

291,709

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/02

 

 

 

$

141,601,053

 

 

F-80



 

Reconciliation of Accumulated Depreciation current year changes

 

Balance at beginning of period - 4/1/92

 

 

 

$

0

 

Current year expense

 

$

0

 

 

 

Balance at close of period - 3/31/93

 

 

 

$

0

 

Current year expense

 

$

1,347,806

 

 

 

Balance at close of period - 3/31/94

 

 

 

$

1,347,806

 

Current year expense

 

$

3,630,765

 

 

 

Balance at close of period - 3/31/95

 

 

 

$

4,978,571

 

Current year expense

 

$

5,098,416

 

 

 

Balance at close of period - 3/31/96

 

 

 

$

10,076,987

 

Current year expense

 

$

4,859,372

 

 

 

Balance at close of period - 3/31/97

 

 

 

$

14,936,359

 

Current year expense

 

$

4,709,137

 

 

 

Balance at close of period - 3/31/98

 

 

 

$

19,645,496

 

Current year expense

 

$

4,715,345

 

 

 

Balance at close of period - 3/31/99

 

 

 

$

24,360,841

 

Current year expense

 

$

4,748,152

 

 

 

Balance at close of period - 3/31/00

 

 

 

$

29,108,993

 

Current year expense

 

$

4,694,454

 

 

 

Balance at close of period - 3/31/01

 

 

 

$

33,803,447

 

Current year expense

 

$

4,524,002

 

 

 

Balance at close of period - 3/31/02

 

 

 

$

38,327,449

 

 

F-81



 

Boston Capital Tax Credit Fund III LP - Series 17

Schedule III - Real Estate and Accumulated Depreciation

March 31, 2002

 

 

 

 

 

Initial cost to company

 

Cost
capitalized
subsequent
to acquisition

 

Gross amount at which carried
at close of period

 

 

 

 

 

 

 

Description

 

Encum-
brances

 

Land

 

Buildings and
improvements

 

Improvements

 

Land

 

Buildings and
improvements

 

Total

 

Accumulated
depreciation

 

Date of
construction

 

Date
acquired

 

Life on which
depreciation
is computed

 

ANNADALE HOUSING

 

10,970,799

 

226,000

 

12,180,150

 

115,645

 

226,000

 

12,295,795

 

12,521,795

 

2,649,063

 

6/90

 

2/89

 

 

 

ARTESIA PROPERTIES

 

1,397,881

 

30,730

 

1,865,231

 

5,401

 

30,730

 

1,870,632

 

1,901,362

 

560,664

 

9/94

 

9/94

 

5-27.5 yrs

 

ASPEN RIDGE

 

801,290

 

36,000

 

2,004,059

 

52,824

 

36,000

 

2,056,883

 

2,092,883

 

665,171

 

11/93

 

9/93

 

5-27.5 yrs

 

BLADENBORO

 

1,006,039

 

16,000

 

1,213,015

 

(27,474

)

16,000

 

1,185,541

 

1,201,541

 

306,641

 

7/95

 

3/95

 

 

 

BREWER ST

 

1,154,580

 

0

 

2,296,514

 

12,776

 

0

 

2,309,290

 

2,309,290

 

781,926

 

7/93

 

6/93

 

5-27.5 yrs

 

BRIARWOOD APTS

 

898,263

 

38,500

 

20,850

 

1,209,246

 

38,952

 

1,230,096

 

1,269,048

 

228,282

 

7/93

 

6/93

 

5-27.5 yrs

 

BRIARWOOD VILLAGE

 

1,120,590

 

42,594

 

1,418,259

 

3,786

 

42,594

 

1,422,045

 

1,464,639

 

435,822

 

5/94

 

10/93

 

5-27.5 yrs

 

BRIARWOOD DEKALB

 

1,344,219

 

96,000

 

2,943,443

 

15,980

 

96,000

 

2,959,423

 

3,055,423

 

650,179

 

6/94

 

10/93

 

5-40 yrs

 

CAIRO HOUSING

 

1,061,665

 

17,000

 

1,309,062

 

48,887

 

17,000

 

1,357,949

 

1,374,949

 

480,188

 

4/93

 

5/93

 

7-27.5 yrs

 

CALIFORNIA INV VI

 

3,683,410

 

400,000

 

7,446,261

 

(1,596,778

)

400,000

 

5,849,483

 

6,249,483

 

2,686,474

 

5/89

 

1/94

 

5-27.5 yrs

 

CALIFORNIA INV VII

 

8,616,407

 

803,050

 

25,913,966

 

(235,354

)

803,050

 

25,678,612

 

26,481,662

 

5,831,558

 

12/93

 

12/93

 

5-27.5 yrs

 

CAMBRIDGE YMCA

 

2,210,786

 

95,200

 

5,135,233

 

37,662

 

95,200

 

5,172,895

 

5,268,095

 

1,664,486

 

12/93

 

4/93

 

5-27.5 yrs

 

CANEYVILLE PROPERTIES

 

472,564

 

36,000

 

601,775

 

(13,800

)

36,000

 

587,975

 

623,975

 

202,946

 

4/93

 

5/93

 

5-27.5 yrs

 

CLINTON ESTATES

 

732,113

 

47,533

 

891,872

 

7,952

 

47,533

 

899,824

 

947,357

 

267,853

 

12/94

 

12/94

 

5-27.5 yrs

 

CLOVERPORT PROPERTIES

 

744,597

 

21,500

 

947,659

 

(7,038

)

21,500

 

940,621

 

962,121

 

316,463

 

7/93

 

4/93

 

5-27.5 yrs

 

COLLEGE GREEN

 

3,727,860

 

225,000

 

6,774,847

 

72,062

 

225,000

 

6,846,909

 

7,071,909

 

1,807,838

 

8/95

 

3/95

 

 

 

CROFTON ASSOC.

 

794,199

 

46,511

 

961,097

 

3,920

 

46,511

 

965,017

 

1,011,528

 

207,241

 

3/93

 

4/93

 

5-27.5 yrs

 

CYPRESS POINT

 

3,241,879

 

265,000

 

4,794,440

 

226,084

 

265,000

 

5,020,524

 

5,285,524

 

1,057,005

 

12/94

 

2/94

 

5-27.5 yrs

 

DEERWOOD VILLAGE

 

631,271

 

29,138

 

804,512

 

3,979

 

29,138

 

808,491

 

837,629

 

241,078

 

7/94

 

2/94

 

5-27.5 yrs

 

DOYLE VILLAGE

 

1,159,481

 

100,000

 

1,435,520

 

6,416

 

100,000

 

1,441,936

 

1,541,936

 

440,877

 

4/94

 

9/93

 

5-27.5 yrs

 

GALLAWAY ASSOC.

 

1,046,093

 

35,600

 

1,307,158

 

40,728

 

35,600

 

1,347,886

 

1,383,486

 

299,682

 

5/93

 

4/93

 

5-27.5 yrs

 

GLENRIDGE

 

2,028,841

 

350,000

 

2,208,213

 

7,278

 

350,000

 

2,215,491

 

2,565,491

 

508,015

 

6/94

 

6/94

 

5-27.5 yrs

 

 

F-82



 

 

 

 

 

Initial cost to company

 

Cost
capitalized
subsequent
to acquisition

 

Gross amount at which carried
at close of period

 

 

 

 

 

 

 

Description

 

Encumb-
rances

 

Land

 

Buildings and
improvements

 

Improvements

 

Land

 

Buildings and
improvements

 

Total

 

Accumulated
depreciation

 

Date of
construction

 

Date
acquired

 

Life on which
depreciation
is computed

 

GREEN ACRES

 

1,140,124

 

173,447

 

1,366,874

 

25,283

 

173,447

 

1,392,157

 

1,565,604

 

415,860

 

11/94

 

1/95

 

 

 

GREENWOOD PLACE

 

1,053,668

 

44,400

 

299,685

 

1,146,729

 

44,400

 

1,446,414

 

1,490,814

 

277,444

 

8/94

 

11/93

 

7-40 yrs

 

HACKLEY BARCLAY

 

3,210,424

 

174,841

 

4,603,493

 

318,999

 

175,000

 

4,922,492

 

5,097,492

 

1,565,714

 

12/94

 

12/93

 

5-27.5 yrs

 

HENSON CREEK

 

3,894,915

 

945,000

 

7,971,879

 

6,649

 

945,000

 

7,978,528

 

8,923,528

 

1,779,179

 

4/94

 

5/93

 

5-27.5 yrs

 

HICKMAN ASSOC.

 

531,274

 

24,000

 

673,642

 

2,832

 

24,000

 

676,474

 

700,474

 

137,149

 

12/93

 

11/93

 

5-27.5 yrs

 

HOUSTON VILLAGE

 

665,520

 

11,500

 

850,901

 

3,297

 

11,500

 

854,198

 

865,698

 

262,739

 

5/94

 

12/93

 

5-27.5 yrs

 

IVYWOOD

 

3,817,328

 

290,542

 

5,712,656

 

37,407

 

290,542

 

5,750,063

 

6,040,605

 

1,896,814

 

10/93

 

6/93

 

5-27.5 yrs

 

JONESTOWN MANOR

 

859,744

 

0

 

311,764

 

951,785

 

36,900

 

1,263,549

 

1,300,449

 

236,757

 

12/94

 

12/93

 

7-40 yrs

 

LARGO CENTER

 

3,713,003

 

1,012,500

 

7,262,001

 

66,115

 

1,012,500

 

7,328,116

 

8,340,616

 

1,480,370

 

6/94

 

3/93

 

5-27.5 yrs

 

LEE TERRACE

 

1,474,850

 

93,246

 

4,573

 

1,745,814

 

93,246

 

1,750,387

 

1,843,633

 

509,428

 

12/94

 

2/94

 

N/A

 

MIDLAND HOUSING

 

943,131

 

60,000

 

2,422,788

 

41,656

 

60,000

 

2,464,444

 

2,524,444

 

603,649

 

6/94

 

9/93

 

5-27.5 yrs

 

MOUNT VERNON

 

2,160,975

 

200,000

 

3,141,984

 

312,601

 

200,000

 

3,454,585

 

3,654,585

 

938,589

 

11/94

 

11/94

 

5-27.5 yrs

 

OAKWOOD OF BENNETSVILLE

 

869,023

 

60,000

 

1,074,857

 

2,524

 

60,000

 

1,077,381

 

1,137,381

 

355,189

 

12/93

 

9/93

 

5-27.5 yrs

 

OPELOUSAS POINT

 

1,373,142

 

50,000

 

559,121

 

1,385,083

 

50,000

 

1,944,204

 

1,994,204

 

395,816

 

3/94

 

11/93

 

5-27.5 yrs

 

PALMETTO VILLAS

 

1,622,507

 

60,724

 

2,034,151

 

9,995

 

60,724

 

2,044,146

 

2,104,870

 

502,442

 

4/94

 

5/94

 

5-27.5 yrs

 

PARK PLACE II

 

1,161,962

 

112,000

 

1,408,102

 

13,488

 

112,000

 

1,421,590

 

1,533,590

 

443,724

 

4/94

 

2/94

 

7-27.5 yrs

 

PINEHURST

 

797,092

 

24,000

 

1,033,022

 

35,854

 

24,000

 

1,068,876

 

1,092,876

 

340,925

 

2/94

 

2/94

 

5-27.5 yrs

 

QUAIL VILLAGE

 

870,592

 

30,450

 

1,060,273

 

2,468

 

30,450

 

1,062,741

 

1,093,191

 

302,104

 

2/94

 

9/93

 

7-27.5 yrs

 

SEA BREEZE

 

1,223,419

 

94,000

 

1,515,733

 

4,995

 

94,000

 

1,520,728

 

1,614,728

 

418,268

 

1/95

 

3/94

 

N/A

 

SHAWNEE HOUSING

 

1,138,663

 

182,786

 

2,347,227

 

113,423

 

182,786

 

2,460,650

 

2,643,436

 

873,040

 

10/92

 

2/93

 

7-27.5 yrs

 

SIXTH ST APTS

 

2,268,178

 

151,687

 

1,123,504

 

3,190,386

 

162,687

 

4,313,890

 

4,476,577

 

898,797

 

12/94

 

12/93

 

5-27.5 yrs

 

SKOWHEGAN HOUSING

 

1,628,147

 

100,000

 

2,121,472

 

80,949

 

100,000

 

2,202,421

 

2,302,421

 

553,681

 

8/94

 

9/94

 

5-27.5 yrs

 

 

F-83



 

 

 

 

 

Initial cost to company

 

Cost
capitalized
subsequent
to acquisition

 

Gross amount at which carried
at close of period

 

 

 

 

 

 

 

Description

 

Encum-
brances

 

Land

 

Buildings and
improvements

 

Improvements

 

Land

 

Buildings and
improvements

 

Total

 

Accumulated
depreciation

 

Date of
construction

 

Date
acquired

 

Life on which
depreciation
is computed

 

SOLEDAD

 

1,931,480

 

340,000

 

2,005,222

 

0

 

340,000

 

2,005,222

 

2,345,222

 

352,040

 

1/94

 

10/93

 

5-50 yrs

 

SUGARWOOD PARK

 

3,431,353

 

281,875

 

5,949,680

 

37,980

 

281,875

 

5,987,660

 

6,269,535

 

1,611,508

 

7/95

 

4/94

 

N/A

 

VOORHEESVILLE

 

1,089,384

 

74,600

 

1,254,914

 

42,110

 

74,600

 

1,297,024

 

1,371,624

 

431,780

 

5/93

 

7/93

 

7-27.5 yrs

 

WAYNSBURG HOUSING

 

1,481,294

 

169,200

 

2,113,822

 

115,557

 

18,100

 

2,229,379

 

2,247,479

 

386,081

 

12/95

 

7/94

 

N/A

 

WHITE CASTLE

 

769,630

 

84,800

 

948,687

 

17,117

 

84,800

 

965,804

 

1,050,604

 

274,452

 

5/94

 

6/94

 

27.5 yrs

 

 

 

93,965,649

 

7,802,954

 

145,645,163

 

9,701,278

 

7,700,365

 

155,346,441

 

163,046,806

 

40,532,991

 

 

 

 

 

 

 

 

Since the Operating Partnerships maintain a calendar year end, the information reported on this schedule is as of December 31, 2001.

There we no carrying costs as of December 31, 2001. The Column has been omitted for presentation purposes.

 

F-84



 

Notes to Schedule III

 

Boston Capital Tax Credit Fund III LP - Series 17

 

Reconciliation of Land, Building & Improvements current year changes

 

Balance at beginning of period - 4/1/93

 

 

 

$

0

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

58,662,502

 

 

 

Improvements, etc

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

58,662,502

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other*

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/94

 

 

 

$

58,662,502

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

31,044,766

 

 

 

Improvements, etc

 

39,965,487

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

71,010,253

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

(26,680

)

 

 

 

 

 

 

$

(26,680

)

Balance at close of period - 3/31/95

 

 

 

$

129,646,075

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

9,769,183

 

 

 

Improvements, etc

 

11,596,518

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

21,365,701

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

0

 

 

 

Other

 

(13,800

)

 

 

 

 

 

 

$

(13,800

)

Balance at close of period - 3/31/96

 

 

 

$

150,997,976

 

 

F-85



 

Balance at close of period - 3/31/96

 

 

 

$

150,997,976

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

12,406,150

 

 

 

Improvements, etc

 

133,058

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

12,539,208

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/97

 

 

 

$

163,537,184

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

337,191

 

 

 

Improvements, etc

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

337,191

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

(1,598,364

)

 

 

 

 

 

 

(1,598,364

)

Balance at close of period - 3/31/98

 

 

 

$

162,276,011

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

200,765

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

200,765

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/99

 

 

 

$

162,476,776

 

 

F-86



 

Balance at close of period - 3/31/99

 

 

 

$

162,476,776

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

292,965

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

292,965

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/00

 

 

 

$

162,769,741

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

252,942

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

252,942

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

(500,929

)

 

 

 

 

 

 

(500,929

)

Balance at close of period - 3/31/01

 

 

 

$

162,521,754

 

 

 

 

 

 

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

525,052

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

525,052

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/02

 

 

 

$

163,046,806

 

 

F-87



 

Reconciliation of Accumulated Depreciation current year changes

 

Balance at beginning of period - 4/1/93

 

 

 

$

0

 

Current year expense

 

$

727,342

 

 

 

Balance at close of period - 3/31/94

 

 

 

$

727,342

 

Current year expense

 

$

4,342,560

 

 

 

Balance at close of period - 3/31/95

 

 

 

$

5,069,902

 

Current year expense

 

$

4,963,158

 

 

 

Balance at close of period - 3/31/96

 

 

 

$

10,033,060

 

Current year expense

 

$

6,281,850

 

 

 

Balance at close of period - 3/31/97

 

 

 

$

16,314,910

 

Current year expense

 

$

5,040,935

 

 

 

Balance at close of period - 3/31/98

 

 

 

$

21,355,845

 

Current year expense

 

$

5,033,530

 

 

 

Balance at close of period - 3/31/99

 

 

 

$

26,389,375

 

Current year expense

 

$

4,909,920

 

 

 

Balance at close of period - 3/31/00

 

 

 

$

31,299,295

 

Current year expense

 

$

4,387,090

 

 

 

Balance at close of period - 3/31/01

 

 

 

$

35,686,385

 

Current year expense

 

$

4,846,606

 

 

 

Balance at close of period - 3/31/02

 

 

 

$

40,532,991

 

 

F-88



 

Boston Capital Tax Credit Fund III LP - Series 18

Schedule III - Real Estate and Accumulated Depreciation

March 31, 2002

 

 

 

 

 

Initial cost to company

 

Cost
capitalized
subsequent
to acquisition

 

Gross amount at which carried
at close of period

 

 

 

 

 

 

 

 

 

Description

 

Encum-
brances

 

Land

 

Buildings and
improvements

 

Improvements

 

Land

 

Buildings and
improvements

 

Total

 

Accumulated
depreciation

 

Date of
construction

 

Date
acquired

 

Life on which
depreciation
is computed

 

ARCH DEVELOPMENT

 

2,436,963

 

107,387

 

6,724,849

 

57,153

 

107,387

 

6,782,002

 

6,889,389

 

1,768,586

 

12/94

 

4/94

 

7-27.5 yrs

 

AURORA

 

1,388,832

 

65,000

 

1,704,709

 

31,474

 

65,000

 

1,736,183

 

1,801,183

 

599,701

 

9/93

 

9/93

 

5-27.5 yrs

 

BEAR CREEK

 

4,784,406

 

488,011

 

8,884,145

 

33,196

 

491,639

 

8,917,341

 

9,408,980

 

2,912,994

 

4/95

 

3/94

 

5-27.5 yrs

 

CHATHAM MANOR

 

1,392,562

 

75,000

 

1,727,394

 

36,856

 

75,000

 

1,764,250

 

1,839,250

 

585,382

 

12/93

 

1/94

 

5-27.5 yrs

 

CHELSEA SQUARE

 

301,393

 

21,000

 

939,281

 

3,500

 

21,000

 

942,781

 

963,781

 

244,354

 

12/94

 

8/94

 

7-34 yrs

 

CLARKE SCHOOL

 

2,508,084

 

200,000

 

5,493,464

 

230,056

 

200,000

 

5,723,520

 

5,923,520

 

1,037,032

 

12/94

 

12/94

 

5-27.5 yrs

 

ELLIJAY RENTAL

 

820,600

 

48,000

 

1,000,609

 

3,070

 

48,000

 

1,003,679

 

1,051,679

 

201,017

 

1/95

 

1/94

 

40 yrs

 

EVERGREEN

 

2,754,409

 

157,537

 

4,337,312

 

565,830

 

157,537

 

4,903,142

 

5,060,679

 

1,596,496

 

1/95

 

8/94

 

5-27.5 yrs

 

GLEN PLACE

 

1,163,505

 

60,610

 

3,489,218

 

(169,758

)

60,610

 

3,319,460

 

3,380,070

 

944,068

 

6/94

 

4/94

 

5-27.5 yrs

 

HARRIS HOUSING

 

1,272,696

 

200,000

 

266,624

 

2,569,852

 

160,000

 

2,836,476

 

2,996,476

 

451,562

 

11/95

 

6/94

 

5-27.5 yrs

 

HUMBOLDT

 

702,840

 

40,191

 

845,252

 

5,736

 

40,191

 

850,988

 

891,179

 

241,597

 

4/95

 

8/94

 

5-27.5 yrs

 

JACKSON HOUSING

 

856,853

 

30,250

 

1,080,272

 

(7,049

)

30,250

 

1,073,223

 

1,103,473

 

296,113

 

6/94

 

1/94

 

5-27.5 yrs

 

LAKEVIEW MEADOWS

 

1,580,124

 

88,920

 

2,775,712

 

11,799

 

88,920

 

2,787,511

 

2,876,431

 

543,371

 

5/94

 

8/93

 

5-27.5 yrs

 

LANTHROP PROP

 

733,669

 

34,800

 

931,788

 

22,517

 

34,800

 

954,305

 

989,105

 

304,347

 

5/94

 

4/94

 

5-27.5 yrs

 

LEESVILLE ELDERLY

 

1,308,029

 

144,000

 

2,018,242

 

0

 

144,000

 

2,018,242

 

2,162,242

 

382,069

 

6/94

 

6/94

 

7-40 yrs

 

LOCKPORT

 

992,540

 

125,000

 

1,524,202

 

0

 

125,000

 

1,524,202

 

1,649,202

 

279,920

 

9/94

 

7/94

 

5-27.5 yrs

 

MAPLE LEAF

 

1,093,383

 

22,860

 

1,355,390

 

92,540

 

22,860

 

1,447,930

 

1,470,790

 

283,176

 

12/94

 

8/94

 

5-27.5 yrs

 

MARENGO PARK

 

749,156

 

50,010

 

886,695

 

0

 

50,010

 

886,695

 

936,705

 

285,262

 

3/94

 

10/93

 

5-27.5 yrs

 

NATCHITOCHES

 

948,084

 

50,000

 

1,634,279

 

10,000

 

50,000

 

1,644,279

 

1,694,279

 

290,535

 

12/94

 

6/94

 

7-40 yrs

 

NEWTON I

 

801,866

 

57,500

 

979,345

 

1,471

 

57,500

 

980,816

 

1,038,316

 

286,163

 

9/94

 

11/93

 

5-27.5 yrs

 

 

F-89



 

 

 

 

 

Initial cost to company

 

Cost
capitalized
subsequent
to acquisition

 

Gross amount at which carried
at close of period

 

 

 

 

 

 

 

 

 

Description

 

Encum-brances

 

Land

 

Buildings and improvements

 

Improvements

 

Land

 

Buildings and improvements

 

Total

 

Accumulated depreciation

 

Date of  construction

 

Date acquired

 

Life on which depreciation is computed

 

OSKALOOSA I

 

478,499

 

32,000

 

589,423

 

1,822

 

32,000

 

591,245

 

623,245

 

172,635

 

9/94

 

11/93

 

5-27.5 yrs

 

PARVINS

 

756,896

 

41,508

 

1,741,048

 

4,742

 

41,508

 

1,745,790

 

1,787,298

 

536,568

 

11/93

 

8/93

 

5-27.5 yrs

 

PEACHTREE

 

1,469,682

 

157,027

 

1,617,470

 

31,860

 

157,027

 

1,649,330

 

1,806,357

 

613,475

 

7/93

 

1/94

 

5-27.5 yrs

 

PONDEROSA

 

1,476,790

 

82,454

 

1,903,972

 

49,575

 

82,454

 

1,953,547

 

2,036,001

 

420,798

 

5/94

 

3/94

 

5-27.5 yrs

 

PRESTON WOODS

 

926,643

 

66,000

 

2,515,136

 

57,108

 

66,000

 

2,572,244

 

2,638,244

 

830,802

 

12/94

 

12/93

 

5-27.5 yrs

 

RICHMOND MANOR

 

1,020,447

 

54,944

 

1,285,522

 

8,717

 

54,944

 

1,294,239

 

1,349,183

 

411,025

 

6/94

 

6/94

 

5-27.5 yrs

 

RIO GRANDE

 

2,195,763

 

96,480

 

2,999,680

 

51,017

 

96,480

 

3,050,697

 

3,147,177

 

630,600

 

5/94

 

6/94

 

5-27.5 yrs

 

RIPLEY HOUSING

 

494,545

 

14,000

 

646,850

 

40,014

 

14,000

 

686,864

 

700,864

 

129,981

 

7/94

 

1/94

 

5-40 yrs

 

SAN JOAQUIN

 

1,808,441

 

55,000

 

2,463,181

 

0

 

55,000

 

2,463,181

 

2,518,181

 

377,269

 

12/94

 

3/94

 

5-50 yrs

 

TROY ESTATES

 

685,100

 

45,000

 

826,432

 

13,455

 

45,000

 

839,887

 

884,887

 

280,066

 

1/94

 

12/93

 

5-27.5 yrs

 

VIRGINIA AVENUE

 

1,286,850

 

121,238

 

3,510,339

 

9,654

 

121,238

 

3,519,993

 

3,641,231

 

986,387

 

10/94

 

10/94

 

5-27.5 yrs

 

VISTA LOMA

 

1,597,680

 

267,612

 

1,600,128

 

220,604

 

267,612

 

1,820,732

 

2,088,344

 

362,853

 

9/94

 

5/94

 

5-27.5 yrs

 

VIVIAN ELDERLY

 

237,124

 

45,000

 

1,668,938

 

0

 

45,000

 

1,668,938

 

1,713,938

 

327,708

 

9/94

 

7/94

 

7-40 yrs

 

WESTMINSTER MEADOWS

 

2,036,479

 

250,000

 

3,605,890

 

22,684

 

250,000

 

3,628,574

 

3,878,574

 

1,169,215

 

11/94

 

12/93

 

5-27.5 yrs

 

 

 

45,060,933

 

3,394,339

 

75,572,791

 

4,009,495

 

3,357,967

 

79,582,286

 

82,940,253

 

20,783,127

 

 

 

 

 

 

 

 

Since the Operating Partnerships maintain a calendar year end, the information reported on this schedule is as of December 31, 2001.

There we no carrying costs as of December 31, 2001. The Column has been omitted for presentation purposes.

 

F-90



 

Notes to Schedule III

 

Boston Capital Tax Credit Fund III LP - Series 18

 

Reconciliation of Land, Building & Improvements current year changes

 

Balance at beginning of period - 4/1/93

 

 

 

$

0

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

4,002,185

 

 

 

Improvements, etc

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

4,002,185

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other*

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/94

 

 

 

$

4,002,185

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

42,200,169

 

 

 

Improvements, etc

 

19,531,960

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

61,732,129

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/95

 

 

 

$

65,734,314

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

16,282,424

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

16,282,424

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/96

 

 

 

$

82,016,738

 

 

F-91



 

Balance at close of period - 3/31/96

 

 

 

$

82,016,738

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

137,752

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

137,752

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/97

 

 

 

$

82,154,490

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

164,466

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

164,466

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/98

 

 

 

$

82,318,956

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

200,573

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

200,573

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/99

 

 

 

$

82,519,529

 

 

F-92



 

Balance at close of period - 3/31/99

 

 

 

$

82,519,529

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

90,225

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

90,225

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/00

 

 

 

$

82,609,754

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

204,609

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

204,609

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/01

 

 

 

$

82,814,363

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

125,890

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

125,890

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/02

 

 

 

$

82,940,253

 

 

F-93



 

Reconciliation of Accumulated Depreciation current year changes

 

Balance at beginning of period - 4/1/93

 

 

 

$

0

 

Current year expense

 

$

39,475

 

 

 

Balance at close of period - 3/31/94

 

 

 

$

39,475

 

Current year expense

 

$

911,009

 

 

 

Balance at close of period - 3/31/95

 

 

 

$

950,484

 

Current year expense

 

$

2,835,031

 

 

 

Balance at close of period - 3/31/96

 

 

 

$

3,785,515

 

Current year expense

 

$

3,000,815

 

 

 

Balance at close of period - 3/31/97

 

 

 

$

6,786,330

 

Current year expense

 

$

2,884,157

 

 

 

Balance at close of period - 3/31/98

 

 

 

$

9,670,487

 

Current year expense

 

$

2,798,960

 

 

 

Balance at close of period - 3/31/99

 

 

 

$

12,469,447

 

Current year expense

 

$

2,799,855

 

 

 

Balance at close of period - 3/31/00

 

 

 

$

15,269,302

 

Current year expense

 

$

2,761,702

 

 

 

Balance at close of period - 3/31/01

 

 

 

$

18,031,004

 

Current year expense

 

$

2,752,123

 

 

 

Balance at close of period - 3/31/02

 

 

 

$

20,783,127

 

 

F-94



 

Boston Capital Tax Credit Fund III LP - Series 19

Schedule III - Real Estate and Accumulated Depreciation

March 31, 2002

 

 

 

 

 

Initial cost to company

 

Cost
capitalized subsequet
to acquisition

 

Gross amount at which carried
at close of period

 

 

 

 

 

 

 

 

 

Description

 

Encum-
brances

 

Land

 

Buildings and
improvements

 

Improvements

 

Land

 

Buildings and
improvements

 

Total

 

Accumulated
depreciation

 

Date of
construction

 

Date
acquired

 

Life on which
depreciation
is computed

 

ANKENEY HOUSING

 

3,463,648

 

217,500

 

8,144,577

 

185,262

 

217,500

 

8,329,839

 

8,547,339

 

1,549,435

 

3/95

 

8/94

 

10-40 yrs

 

CARROLLTON VILLA

 

1,388,928

 

60,015

 

2,682,843

 

178,490

 

60,015

 

2,861,333

 

2,921,348

 

787,832

 

3/95

 

6/94

 

5-27.5 yrs

 

CLARKE SCHOOL

 

2,508,084

 

200,000

 

5,493,464

 

230,056

 

200,000

 

5,723,520

 

5,923,520

 

1,037,032

 

12/94

 

12/94

 

12-40 yrs

 

FOREST ASSOCIATES

 

657,027

 

13,900

 

396,391

 

483,140

 

13,908

 

879,531

 

893,439

 

469,720

 

3/78

 

4/95

 

5-27.5 yrs

 

GARDEN GATE\FT WORTH

 

5,627,469

 

678,867

 

2,532,572

 

6,590,390

 

678,867

 

9,122,962

 

9,801,829

 

2,345,159

 

4/95

 

5/95

 

5-27.5 yrs

 

GARDEN GATE\PLANO

 

7,059,517

 

689,318

 

844,673

 

8,777,299

 

689,318

 

9,621,972

 

10,311,290

 

2,468,471

 

3/95

 

2/94

 

5-27.5 yrs

 

HEBBRONVILLE APTS.

 

512,443

 

50,711

 

650,002

 

20,243

 

50,711

 

670,245

 

720,956

 

137,630

 

4/94

 

12/93

 

7-40 yrs

 

HOLLISTER INV GRP

 

1,725,127

 

400,000

 

1,906,641

 

(61,972

)

400,000

 

1,844,669

 

2,244,669

 

247,164

 

5/95

 

3/95

 

5-50 yrs

 

HOLTS SUMMIT SQUARE

 

1,179,191

 

110,373

 

524,966

 

2,033,915

 

110,373

 

2,558,881

 

2,669,254

 

755,316

 

12/94

 

6/94

 

5-27.5 yrs

 

INDEPENDENCE PROPERTIES

 

845,134

 

38,500

 

503,166

 

517,210

 

38,500

 

1,020,376

 

1,058,876

 

219,456

 

12/94

 

6/94

 

5-40 yrs

 

JEFFERSON SQUARE

 

2,443,436

 

385,000

 

4,548,650

 

167,710

 

385,000

 

4,716,360

 

5,101,360

 

997,993

 

8/95

 

5/94

 

5-27.5 yrs

 

JENNY LYNN PROPERTIES

 

795,302

 

65,000

 

958,809

 

7,000

 

65,000

 

965,809

 

1,030,809

 

271,277

 

9/94

 

1/94

 

5-27.5 yrs

 

JEREMY ASSOCIATES

 

3,526,678

 

522,890

 

6,954,516

 

355,974

 

522,890

 

7,310,490

 

7,833,380

 

1,295,516

 

12/95

 

6/96

 

5-40 yrs

 

LONE STAR SR.

 

606,252

 

20,492

 

835,453

 

0

 

20,492

 

835,453

 

855,945

 

159,297

 

5/94

 

12/93

 

7-40 yrs

 

MADISON L.P.

 

644,807

 

42,707

 

810,978

 

4,674

 

32,500

 

815,652

 

848,152

 

234,496

 

10/94

 

12/93

 

5-27.5 yrs

 

MANSURA VILLA

 

953,917

 

20,254

 

301,687

 

1,003,093

 

25,000

 

1,304,780

 

1,329,780

 

216,813

 

8/95

 

5/94

 

5-27.5 yrs

 

MARTINDALE APTS.

 

671,732

 

40,270

 

861,032

 

29,803

 

40,270

 

890,835

 

931,105

 

182,303

 

1/94

 

12/93

 

7-40 yrs

 

MUNFORD VILLAGE

 

752,607

 

24,800

 

980,102

 

3,415

 

24,800

 

983,517

 

1,008,317

 

207,765

 

4/94

 

10/93

 

5-40 yrs

 

NORTHPOINTE LP

 

4,570,098

 

371,000

 

9,834,451

 

1,377

 

371,000

 

9,835,828

 

10,206,828

 

1,627,184

 

6/95

 

7/94

 

5-27.5 yrs

 

SAHALE HEIGHTS

 

848,019

 

72,000

 

1,062,350

 

111

 

72,000

 

1,062,461

 

1,134,461

 

308,780

 

6/94

 

1/94

 

5-27.5 yrs

 

 

F-95



 

 

 

 

 

Initial cost to company

 

Cost
capitalized
subsequent
to acquisition

 

Gross amount at which carried
at close of period

 

 

 

 

 

 

 

Description

 

Encum-
brances

 

Land

 

Buildings and
improvements

 

Improvements

 

Land

 

Buildings and
improvements

 

Total

 

Accumulated
depreciation

 

Date of
construction

 

Date
acquired

 

Life on which
depreciation
is computed

 

SHERWOOD KNOLL

 

771,654

 

45,000

 

963,996

 

32,262

 

45,000

 

996,258

 

1,041,258

 

214,615

 

4/94

 

10/93

 

5-40 yrs

 

SUGARWOOD PARK

 

3,431,353

 

281,875

 

5,949,680

 

37,981

 

281,875

 

5,987,661

 

6,269,536

 

1,611,508

 

7/95

 

4/94

 

5-27.5 yrs

 

SUMMERSET HOUSING

 

930,528

 

68,665

 

1,160,825

 

(25,664

)

68,665

 

1,135,161

 

1,203,826

 

251,722

 

11/95

 

1/94

 

7-27.5 yrs

 

VISTA’S ASSOC.

 

3,136,081

 

831,600

 

7,055,338

 

5,230

 

831,600

 

7,060,568

 

7,892,168

 

1,490,099

 

1/95

 

12/93

 

5-27.5 yrs

 

WEDGEWOOD LANE

 

990,237

 

85,000

 

1,106,604

 

37,185

 

85,000

 

1,143,789

 

1,228,789

 

251,959

 

9/94

 

6/94

 

5-40 yrs

 

WILLOWOOD PARK

 

4,096,010

 

511,051

 

6,867,791

 

180,483

 

511,051

 

7,048,274

 

7,559,325

 

2,045,836

 

12/94

 

11/93

 

5-27.5 yrs

 

 

 

54,135,279

 

5,846,788

 

73,931,557

 

20,794,667

 

5,841,335

 

94,726,224

 

100,567,559

 

21,384,378

 

 

 

 

 

 

 

 

Since the Operating Partnerships maintain a calendar year end, the information reported on this schedule is as of December 31, 2001.

There we no carrying costs as of December 31, 2001. The Column has been omitted for presentation purposes.

 

F-96



 

Notes to Schedule III

 

Boston Capital Tax Credit Fund III LP - Series 19

 

Reconciliation of Land, Building & Improvements current year changes

 

Balance at beginning of period - 4/1/93

 

 

 

$

0

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

9,012,131

 

 

 

Improvements, etc

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

9,012,131

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other*

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/94

 

 

 

$

9,012,131

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

24,845,235

 

 

 

Improvements, etc

 

13,156,474

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

38,001,709

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/95

 

 

 

$

47,013,840

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

410,291

 

 

 

Improvements, etc

 

52,257,570

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

52,667,861

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

0

 

Balance at close of period - 3/31/96

 

 

 

$

99,681,701

 

 

F-97



 

Balance at close of period - 3/31/96

 

 

 

$

99,681,701

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

7,477,406

 

 

 

Improvements, etc

 

594,800

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

8,072,206

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

(8,720,704

)

 

 

Other

 

(124,499

)

 

 

 

 

 

 

(8,845,203

)

Balance at close of period - 3/31/97

 

 

 

$

98,908,704

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

224,896

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

224,896

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/98

 

 

 

$

99,133,600

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

228,405

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

228,405

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/99

 

 

 

$

99,362,005

 

 

F-98



 

Balance at close of period - 3/31/99

 

 

 

$

99,362,005

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

280,218

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

280,218

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/00

 

 

 

$

99,642,223

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

493,159

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

493,159

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/01

 

 

 

$

100,135,382

 

Additions during period:

 

 

 

 

 

Acquisitions through foreclosure

 

$

0

 

 

 

Other acquisitions

 

0

 

 

 

Improvements, etc

 

432,177

 

 

 

Other

 

0

 

 

 

 

 

 

 

$

432,177

 

Deductions during period:

 

 

 

 

 

Cost of real estate sold

 

$

0

 

 

 

Other

 

0

 

 

 

 

 

 

 

0

 

Balance at close of period - 3/31/02

 

 

 

$

100,567,559

 

 

F-99



 

Reconciliation of Accumulated Depreciation current year changes

 

Balance at beginning of period - 4/1/93

 

 

 

$

0

 

Current year expense

 

$

98,220

 

 

 

Balance at close of period - 3/31/94

 

 

 

$

98,220

 

Current year expense

 

$

418,177

 

 

 

Balance at close of period - 3/31/95

 

 

 

$

516,397

 

Current year expense

 

$

2,779,948

 

 

 

Balance at close of period - 3/31/96

 

 

 

$

3,296,345

 

Current year expense

 

$

2,591,856

 

 

 

Balance at close of period - 3/31/97

 

 

 

$

5,888,201

 

Current year expense

 

$

3,087,218

 

 

 

Balance at close of period - 3/31/98

 

 

 

$

8,975,419

 

Current year expense

 

$

3,096,686

 

 

 

Balance at close of period - 3/31/99

 

 

 

$

12,072,105

 

Current year expense

 

$

3,079,193

 

 

 

Balance at close of period - 3/31/00

 

 

 

$

15,151,298

 

Current year expense

 

$

3,106,817

 

 

 

Balance at close of period - 3/31/01

 

 

 

$

18,258,115

 

Current year expense

 

$

3,126,263

 

 

 

Balance at close of period - 3/31/02

 

 

 

$

21,384,378

 

 

F-100