WNC HOUSING TAX CREDIT FUND IV L P SERIES 2
Real Estate · Operators of Apartment Buildings · CA · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $3,000 | $5,000 | $3,000 |
| Operating income | −$37,435 | −$113,597 | −$71,995 | −$118,812 | −$94,999 | −$23,000 |
| Net income | $585,958 | −$113,595 | −$71,980 | $328,339 | $42,075 | $52,000 |
| Total assets | $244,660 | $66,615 | $94,637 | $94,108 | $78,773 | $42,284 |
| Total liabilities | $51,973 | $377,996 | $292,423 | $219,914 | $532,918 | $703,504 |
| Equity | — | — | — | — | — | — |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 0 | 0 | 0 | 0 | 0 | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2016- Operating margin
- —
- Net margin
- —
- Return on equity
- —
- Return on assets
- 239.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 21.2%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2016- Accruals / assets
- 366.7%high accruals
- Piotroski F-Score
- 4/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Negative operating cash flow
- High accruals — earnings-quality risk
- Conservative leverage (liabilities < 50% of assets)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 15, 2016
- NT 10-Qmissed a reporting deadline ↗Feb 17, 2010
- NT 10-Kmissed a reporting deadline ↗Jun 30, 2008
- NT 10-Qmissed a reporting deadline ↗Feb 15, 2008
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2007
- NT 10-Kmissed a reporting deadline ↗Jul 2, 2007
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Results of operationsDec 15, 2015
- Shareholder voteMay 22, 2014
- Results of operationsMay 21, 2013
- Results of operationsNov 1, 2012
- Changed auditorOct 23, 2012
- Results of operationsJul 18, 2012
- Results of operationsJun 1, 2012
- Shareholder voteMay 9, 2012
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GNOTICE OF TERMINATION OF REGISTRATIONJan 5, 2017
- 10-QQUARTERLY REPORTNov 14, 2016
- 10-QQUARTERLY REPORTAug 24, 2016
- NT 10-QFORM 12B-25Aug 15, 2016
- 10-KANNUAL REPORTJun 7, 2016
- 10-QCURRENT REPORTFeb 11, 2016
- 8-KCURRENT REPORTDec 15, 2015
- 10-QQUARTERLY REPORTNov 16, 2015
- 10-QQUARTERLY REPORTAug 12, 2015
- 10-KANNUAL REPORTJun 17, 2015
- SC 13E3/ASC 13E3AApr 30, 2015
- 10-QQUARTERLY REPORTFeb 13, 2015
- SC 13E3/AJan 27, 2015
- 10-QQUARTERLY REPORTNov 13, 2014
- 10-QQUARTERLY REPORTAug 12, 2014
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.