Form D Raw Data - Electronic Filing Depository

EFDID: 14594EFD: Raw Data

Issuer: WNC Tax Credits 38, LLC (0001471106) - D/A

Accession: 0001140361-10-037965 () (EDGAR Files) (Form D)

Edgar Posted: Sep. 20, 2010
EFD Posted: Aug. 7, 2014

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< submissionType > D/A </ submissionType >

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< cik > 0001471106 </ cik >

< entityName > WNC Tax Credits 38, LLC </ entityName >

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< street1 > 17782 SKY PARK CIRCLE </ street1 >

< city > IRVINE </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92614 </ zipCode >

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< issuerPhoneNumber > 714-662-5565 </ issuerPhoneNumber >

< jurisdictionOfInc > CALIFORNIA </ jurisdictionOfInc >

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< entityType > Limited Liability Company </ entityType >

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< value > 2008 </ value >

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< recipientName > Securities America, Inc. </ recipientName >

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< associatedBDName > Ameritas Investment Corp. </ associatedBDName >

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< street1 > 6422 Timber Walk Drive </ street1 >

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< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Haynes L. Kendall, Jr. </ recipientName >

< recipientCRDNumber > 1274737 </ recipientCRDNumber >

< associatedBDName > Independent Financial Group, LLC </ associatedBDName >

< associatedBDCRDNumber > 7717 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 31461 Rancho Viejo Rd., Suite 104 </ street1 >

< city > San Juan Capistrano </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 92675 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Richard G. Drisko </ recipientName >

< recipientCRDNumber > 1355920 </ recipientCRDNumber >

< associatedBDName > Independent Financial Group, LLC </ associatedBDName >

< associatedBDCRDNumber > 7717 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 6021 Ladero Way </ street1 >

< city > El Dorado Hills </ city >

< stateOrCountry > CA </ stateOrCountry >

< stateOrCountryDescription > CALIFORNIA </ stateOrCountryDescription >

< zipCode > 95762 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > H. Beck, Inc. </ recipientName >

< recipientCRDNumber > 1763 </ recipientCRDNumber >

< associatedBDName > H. Beck, Inc. </ associatedBDName >

< associatedBDCRDNumber > 1763 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 11140 Rockville Pike, Suite 400 </ street1 >

< city > Rockville </ city >

< stateOrCountry > MD </ stateOrCountry >

< stateOrCountryDescription > MARYLAND </ stateOrCountryDescription >

< zipCode > 20852 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CA </ state >

< description > CALIFORNIA </ description >

< state > HI </ state >

< description > HAWAII </ description >

< state > TX </ state >

< description > TEXAS </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > David G. Gott </ recipientName >

< recipientCRDNumber > 1915608 </ recipientCRDNumber >

< associatedBDName > Berthel, Fisher and Company FInancial Services, Inc. </ associatedBDName >

< associatedBDCRDNumber > 13609 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 1732 Lininger Lane </ street1 >

< city > North Liberty </ city >

< stateOrCountry > IA </ stateOrCountry >

< stateOrCountryDescription > IOWA </ stateOrCountryDescription >

< zipCode > 52317 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > IA </ state >

< description > IOWA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 7000000 </ totalOfferingAmount >

< totalAmountSold > 2193750 </ totalAmountSold >

< totalRemaining > 4806250 </ totalRemaining >

< clarificationOfResponse > Offering may be increased to $15000000 </ clarificationOfResponse >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 42 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 490000 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 945000 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ grossProceedsUsed >

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > WNC Tax Credits 38, LLC </ issuerName >

< signatureName > /s/ Melanie Wenk </ signatureName >

< nameOfSigner > Melanie Wenk </ nameOfSigner >

< signatureTitle > Vice President - CFO of Managing Member of Manager of Issuer </ signatureTitle >

< signatureDate > 2010-09-20 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >