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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.____________)*
WNC Housing Tax Credit Fund V, L.P., Series 3
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(Name of Issuer)
Units of Limited Partnership Interest
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(Title of Class of Securities)
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 13G Page 1 of 5 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ENOVA CORPORATION
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 4,560 units of limited partnership interest (indirect
beneficial ownership through Enova Financial, Inc., a
wholly owned subsidiary)
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH None
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 4,560 units of limited partnership interest (indirect
beneficial ownership through Enova Financial, Inc., a
wholly owned subsidiary)
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,560 units of limited partnership interest (indirect beneficial
ownership through Enova Financial, Inc., a wholly owned subsidiary)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
25.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 13G Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ENOVA FINANCIAL, INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 4,560 units of limited partnership interest
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH None
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 4,560 units of limited partnership interest
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,560 units of limited partnership interest
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
25.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 3 of 5 Pages
DISCLAIMER OF BENEFICIAL OWNERSHIP
THE FILING OF THIS SCHEDULE 13G STATEMENT SHALL NOT BE CONSTRUED AS
AN ADMISSION THAT ENOVA CORPORATION IS, FOR THE PURPOSE OF SECTION 13(g) OF THE
SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, OR FOR ANY OTHER PURPOSE, THE
BENEFICIAL OWNER OF THE SECURITIES IDENTIFIED IN THIS STATEMENT.
Item 1. (a) Name of Issuer:
WNC Housing Tax Credit Fund V, L.P., Series 3
(b) Address of Issuer's Principal Executive Offices:
3158 Redhill Avenue, Suite 120, Costa Mesa, California 92626
Item 2. (a) Name of Person Filing:
Enova Financial, Inc. and Enova Corporation
(b) Address of Principal Business Office:
For Enova Financial, Inc. and Enova Corporation:
101 Ash Street, San Diego, California 92101
(c) Citizenship:
Enova Financial, Inc. and Enova Corporation are both
incorporated under the laws of the State of California
(d) Title of Class of Securities:
Units of Limited Partnership Interest
(e) CUSIP Number:
Not applicable.
Item 3. This statement is not filed pursuant to rules 13d-1(b) or 13d-2(b).
Page 4 of 5 Pages
Item 4. Ownership.
(a) Amount Beneficially Owned: 4,560 units
(b) Percent of Class: 25.3%
(c) Number of shares as to which person has
(i) Sole power to vote or direct the vote: 4,560 units
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of:
4,560 units (Enova Financial, Inc. has the sole power
to vote and dispose of the units, however, the limited
partnership agreement pursuant to which the units were
issued provides certain restrictions on its ability to
dispose of the units.)
(iv) Shared power to dispose or direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
See Exhibit B.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Date: February 4, 1998
Enova Financial, Inc.,
a California corporation
By /s/ Christian P. Fonss
----------------------------
Christian P. Fonss,
Vice President,
Corporate Development
Date: February 4, 1998
Enova Corporation, Inc.,
a California corporation
By /s/ Frank H. Ault
---------------------------
Frank H. Ault,
Vice President and Controller
EXHIBIT A
AGREEMENT RELATING TO
JOINT FILING OF STATEMENT
Enova Corporation, a California corporation, and Enova Financial,
Inc., a California corporation, hereby agree that the foregoing statement dated
February 4, 1998, containing the information required by Schedule 13G relating
to the ownership by Enova Financial, Inc. of Units of Limited Partnership
Interest in WNC Housing Tax Credit Fund V, L.P., Series 3, is filed on behalf
of both Enova Corporation and its wholly-owned subsidiary, Enova Financial, Inc.
In witness whereof, the undersigned have executed this agreement as
of this 4th day of February, 1998.
ENOVA FINANCIAL, INC.,
a California corporation
By /s/ Christian P. Fonss
-----------------------------
Christian P. Fonss,
Vice President,
Corporate Department
ENOVA CORPORATION,
a California corporation
By /s/ Frank H. Ault
-----------------------------
Frank H. Ault,
Vice President and Controller
EXHIBIT B
Pursuant to Item 8.
This statement is filed jointly on behalf of Enova Financial, Inc.
and Enova Corporation pursuant to Rule 13d-1(c). Enova Financial, Inc., a
California corporation, is a wholly owned subsidiary of Enova Corporation, a
California corporation.