UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-21895
CUSIP NUMBER
none
(Check One):
|_| Form 10-K and Form 10-KSB
|_| Form 20-F
|_| Form 11-K
|X| Form 10-Q and Form 10-QSB
|_| Form N-SAR
For Period Ended: September 30, 1999
|_| Transition Report on Form 10-K
|_| Transition Report on Form 20-F
|_| Transition Report on Form 11-K
|_| Transition Report on Form 10-Q
|_| Transition Report on Form N-SAR
For the Transition Period Ended:
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
Part I--Registrant Information
Full Name of Registrant
WNC HOUSING TAX CREDIT FUND V., Series 3
Former Name if Applicable
Address of Principal Executive Office (Street and Number) City, State and Zip
Code
3158 Redhill Avenue, Suite 120, Costa Mesa, CA 92626
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Part II--Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b),the following should
be completed. (Check box if appropriate)
|X| (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
|X| (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K, Form N-SAR or portion thereof, will be filed on or before
the fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion thereof will be
filed on or before the fifth calendar day following the prescribed due date; and
|_| (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
Part III--Narrative
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof could not be filed within the
prescribed period. (Attach Extra Sheets if Needed)
Some of the limited partnerships in which the registrant has investments have
yet to provide financial information as required under the terms of the
respective partnership agreements. That information is critical to the
registrant's completion of its financial statements and the filing of a complete
Form 10-Q. Every effort is being made to obtain this information and the
registrant will file its quarterly report as quickly as possible.
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
Michael L. Dickenson
(714) 662-5565
(2) Have all other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 or section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s). |X| Yes |_| No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof? |_|
Yes |X| No
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
<PAGE>
WNC HOUSING TAX CREDIT FUND V., Series 3 has caused this notification to be
signed on its behalf by the undersigned thereunto duly authorized.
WNC HOUSING TAX CREDIT FUND V., Series 3
By: WNC & ASSOCIATES, INC. General Partner
By: /s/ Michael L. Dickenson
---------------------
Michael L. Dickenson Vice President - Chief Financial Officer
Date: November 12, 1999
