UNITED STATES
		      SECURITIES AND EXCHANGE COMMISSION
			    WASHINGTON, D.C. 20549

				  FORM 10-Q



(Mark one)

(X)     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
	SECURITIES EXCHANGE ACT OF 1934
 
	For the quarterly period ended        September 30, 1996       
				     OR
( )     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
	SECURITIES EXCHANGE ACT OF 1934

	For the transition period from             to            
	Commission file number   0-14436   



	CONSOLIDATED RESOURCES HEALTH CARE FUND V        
	(Exact name of registrant as specified in its charter)



	Georgia                                       58-1618135        
	(State or other jurisdiction              (I.R.S. Employer
	of incorporation or organization)          identification No.)



	400 Perimeter Center Terrace, Suite 650, Atlanta, Georgia 30346    
	(Address of principal executive offices)               (Zip Code)



	Registrant's telephone number, including area code   770-698-9040



Indicate by check mark whether the registrant, (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months, and (2) has been subject to such filing 
requirements for the past 90 days.  Yes    x      No         





			      THERE ARE NO EXHIBITS 
			      PAGE ONE OF 14 PAGES.




			  PART I. - FINANCIAL INFORMATION

		     CONSOLIDATED RESOURCES HEALTH CARE FUND V
			   CONSOLIDATED BALANCE SHEETS
				   (Unaudited)

					      September 30,  December 31,
						  1996          1995

ASSETS
Current assets:
  Cash and cash equivalents                  $    285,439  $    319,587
  Accounts receivable, net of allowance
    for doubtful accounts of $168,133           1,109,442       876,593
  Prepaid expenses                                342,539       292,926
  Property held for sale (Notes 5 and 7)        8,284,780     8,521,347
    Total current assets                       10,022,200    10,010,453

Other:
  Deferred loan costs, net of accumulated      
    amortization of $130,881 and $120,430               -        10,452
    Total other assets                                  -        10,452
					     $ 10,022,200  $ 10,020,905

LIABILITIES AND PARTNERS' DEFICIT
Current liabilities:
  Current maturities of long-term debt,
   including debt in default of 
   $3,491,885 (Note 8)                       $  8,390,442  $  8,499,759
  Trade accounts payable                          382,635       302,448
  Insurance payable                                60,113         3,262
  Accrued interest (Note 7)                     2,063,790     1,955,432
  Accrued real estate taxes                       420,239       438,769
  Other liabilities                               265,770       347,289
    Total current liabilities                  11,582,989    11,546,959

Deferred gain on installment sale                       -       278,166
    Total liabilities                          11,582,989    11,825,125

Partners' deficit:
  Limited partners                               (766,276)   (1,014,315)
  General partners                               (794,513)     (789,905)
    Total partners' deficit                    (1,560,789)   (1,804,220)
					     $ 10,022,200  $ 10,020,905
				     




See accompanying notes to consolidated financial statements.          

		     CONSOLIDATED RESOURCES HEALTH CARE FUND V
		       CONSOLIDATED STATEMENTS OF OPERATIONS
				     (Unaudited)

				 Three months ended      Nine months ended
				    September 30,           September 30,
				  1996        1995        1996        1995

Revenues:                                   
  Operating revenues          $2,724,215  $2,537,704  $7,927,362  $7,647,325
  Interest income                 15,767      19,516      44,544      61,340
    Total revenues             2,739,982   2,557,220   7,971,906   7,708,665

Expenses:
  Operating expenses           2,547,532   2,476,924   7,422,390   7,283,429
  Interest                       132,144     158,515     452,402     474,395
  Depreciation and amortization   91,342      91,860     284,477     282,524
  Partnership administration 
     costs                        15,290      19,799      47,372      50,865
    Total expenses             2,786,308   2,747,098   8,206,641   8,091,213

    Operating loss               (46,326)   (189,878)   (234,735)   (382,548)

      Loss on transfer of
       property (Note 7)               -           -           -  (1,465,761)

      Recognition of 
       Deferred Gain (Note 8)    478,166           -     478,166           -

     Income (loss) before 
       extraordinary gain        431,840    (189,878)    243,431  (1,848,309)

      Extraordinary gain on
       extinguishment of debt
       (Note 7)                        -           -           -   2,494,842

      Extraordinary gain on 
       settlement of advances          -           -           -   5,860,022


Net income (loss)             $  431,840  $ (189,878) $  243,431  $6,506,555

Net income (loss) per L.P. unit

      Income (loss) before 
       extraordinary gain          14.49       (6.16)       8.38      (61.45)

      Extraordinary gain on
       extinguishment of debt          -           -           -       83.45

      Extraordinary gain on
       settlement of advances          -           -           -      196.02
Net income (loss)
   per L.P. unit              $    14.49  $    (6.16) $     8.38  $   218.02

L.P. units outstanding            29,596      29,596      29,596      29,596






See accompanying notes to consolidated financial statements.               

		       CONSOLIDATED RESOURCES HEALTH CARE FUND V
			 CONSOLIDATED STATEMENTS OF CASH FLOWS
				      (Unaudited)

						
					     Nine months ended September
						   1996       1995

Operating Activities:
  Cash received from residents and 
  government agencies                          $ 7,694,514  $ 7,769,962
  Cash paid to suppliers and employees          (7,344,792)  (7,170,581)
  Interest received                                 44,544       61,340
  Interest paid                                   (344,044)    (416,581)
  Property taxes paid                             (137,596)    (269,849)
Cash used in
  operating activities                             (87,374)     (25,709)

Investing Activities:
  Additions to property and equipment              (37,458)     (65,762)
  Collection of Intercompany Note Receivable       200,000            -
Cash (used in) provided by investing activities    162,542      (65,762)
 
Financing Activities:
  Principal payments on long-term debt            (109,316)     (74,228)
Cash used in financing activities                 (109,316)     (74,228)
 
Net decrease in cash and cash equivalents          (34,148)    (165,699)
 
Cash and cash equivalents, beginning of period     319,587      716,188

Cash and cash equivalents, end of period       $   285,439  $   550,489



See accompanying notes to consolidated financial statements.          


		 CONSOLIDATED RESOURCES HEALTH CARE FUND V
		   CONSOLIDATED STATEMENTS OF CASH FLOWS
				(Unaudited)


					      Nine months ended September
						   1996         1995

Reconciliation of Net Income to Cash
Used in Operating Activities:

Net income                                     $   243,431  $ 4,995,516
Adjustments to reconcile net income
 to net cash used in operating activities:
  Depreciation and amortization                    284,477      282,524
  Loss on transfer of property                           -    1,465,761
  Gain on settlement of advances                         -   (4,348,983)
  Gain on extinguishment of debt                         -   (2,494,842)
  Gain on recognition of deferred gain            (478,166)           -
  Changes in operating assets and liabilities:
     Accounts receivable                          (232,849)     122,637
     Other current assets                          (49,613)      48,138
     Trade accounts payable and other 
      current liabilities                          145,346      (96,460)

 
  Cash used in operating activities            $   (87,374) $   (25,709)





See accompanying notes to consolidated financial statements.          

		    CONSOLIDATED RESOURCES HEALTH CARE FUND V
		   CONSOLIDATED STATEMENTS OF PARTNERS' DEFICIT
				    (Unaudited)

								Total 
								Partners'
				    General       Limited       Deficit

Balance, at December 31, 1994   $ (1,039,239) $ (6,998,320) $ (8,037,559)

Net income                           229,390     6,277,165     6,506,555
  
Balance, at September 30, 1995  $   (809,849) $   (721,155) $ (1,531,004)
 
 
Balance, at December 31, 1995   $   (789,905) $ (1,014,315) $ (1,804,220)
 
Net income (loss)                     (4,608)      248,039       243,431
 
Balance, at September 30, 1996  $   (794,513) $   (766,276) $ (1,560,789)
 


See accompanying notes to consolidated financial statements.           












		  CONSOLIDATED RESOURCES HEALTH CARE FUND V

		  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

			     September 30, 1996

NOTE 1.

The financial statements are unaudited and reflect all adjustments 
(consisting only of normal recurring adjustments) which are, in 
the opinion of management, necessary for a fair presentation of 
the Partnership's financial position and operating results for the 
interim periods.  The results of operations for the nine months 
ended September 30, 1996, are not necessarily indicative of the 
results to be expected for the year ending December 31, 1996.

NOTE 2.

The financial statements should be read in conjunction with the 
consolidated financial statements and the notes thereto contained 
in the Partnership's Annual Report on Form 10-K for the year ended 
December 31, 1995, as filed with the Securities and Exchange 
Commission, a copy of which is available upon request by writing 
to WelCare Service Corporation-V (the "Managing General Partner"), 
at 400 Perimeter Center Terrace, Suite 650, Atlanta, Georgia, 
30346.

NOTE 3.

A summary of compensation paid to or accrued for the benefit of 
the general partners and affiliates and amounts reimbursed for 
costs incurred by these parties on the behalf of the Partnership 
are as follows:
						Nine Months Ended
						   September 30, 
					       1996             1995 

Charged to costs and expenses:
	Property management and oversight
	management fees                       $476,130       $463,113
	Financial accounting, data processing,    
    tax reporting, legal and compliance,
	 investor relations and supervision 
	 of outside services                  $ 47,373       $ 75,629
    
NOTE 4.

The Partnership's consolidated financial statements have been 
presented on the basis that it is a going concern, which 
contemplates the realization of assets and the satisfaction of 
liabilities in the normal course of business.  The Partnership has 
working capital deficiencies, has defaulted on certain debt and 
has no assurance of any financial support from the General 
Partners.  These conditions raise substantial doubt about the 
Partnership's ability to continue as a going concern.  The 
Partnership's continued existence is dependent on its ability to 
negotiate satisfactory settlements with its lenders and to sell 
its facilities in an orderly fashion.

NOTE 5.

At September 30, 1996 and December 31, 1995, the Partnership 
included all of its remaining facilities in Property held for sale 
as the Partnership intends to dispose of its remaining facilities. 

Champaign Opportunity House ("Champaign") and Village Inn Nursing 
Home ("Village Inn") were reclassed to Property Held for Sale in 
1991.  As discussed more fully in Note 6, Champaign was 
transferred in March 1995, in satisfaction of a note secured by 
the facility.  The net book value of the Village Inn property at 
September 30, 1996, was $2,279,237.

During 1994, River Hills South and Plantation Care Center were 
reclassed from property and equipment to Property held for sale.  
The Partnership anticipates these properties will be disposed of 
during 1996 or 1997.  The net book values of the properties at 
September 30, 1996, were $4,600,572 and $1,404,972 for River Hills 
South and Plantation Care Center, respectively.  


NOTE 6.

On March 24, 1995, the Partnership transferred a deed in lieu of 
foreclosure to the holder of the note secured by a mortgage on 
Champaign.  This note was recourse to the Partnership.  The 
General Partner successfully negotiated the transfer of deed in 
full satisfaction of the note with the lender.  The outstanding 
principal and accrued interest on the note satisfied by the 
transfer was $2,494,842.  In connection with the transfer, the 
Partnership paid $61,882 in back property taxes on Champaign.  The 
net book value of the property was $1,465,761.  The Partnership 
recognized a net loss on the transfer of the property of 
$1,029,080 which was recognized in the first quarter ended March 
31, 1995.

NOTE 7.

The Partnership continues not to make debt service payments on the 
mortgage note secured by Village Inn.  Debt service payments on 
this note were ceased when this facility was closed prior to the 
acquisition of the Corporate General Partner by WelCare 
Acquisition Corp. on November 20, 1990.  Village Inn has tax 
certificates of approximately $130,000 outstanding for accrued 
real estate taxes that may require redemption by the Partnership 
during 1996.  The recourse note secured by Village Inn could have 
an adverse effect on the Partnership and its ability to continue 
as a going concern, should the holder of the note pursue its 
satisfaction.

The Partnership ceased debt service on its $1,250,000 note payable 
secured by a mortgage on Plantation Care Center ("Plantation"), 
during March 1995. This note accrues interest at 7% per annum. 

The Partnership has agreed to sell Plantation to a third party 
purchaser and is in the process of closing the transaction.  Under 
the agreement, the Partnership will pay $200,000 to the facility's 
lender for accrued interest and a reduction in the principal 
balance of the $1,250,000 note payable secured by the facility.  
As consideration, the purchaser will assume the facility's note 
payable.  The Partnership anticipates that the sale will close 
before the end of 1996.

Note 8.

In August 1996, the Partnership received $200,000 in satisfaction 
of a contingent note receivable given by the purchaser of 
Brushwood Care Center ("Brushwood"), a facility sold by the 
Partnership in 1991.  The amount paid on the note receivable was 
based on the facility's financial performance subsequent to the 
sale.  A portion of the gain from the sale of Brushwood in 1991, 
$278,166, was deferred, as the sale was accounted for as an 
installment sale whereby profit recognition is based on the 
percentage of profit to the sales price and is recognized on total 
cash payments to total sales price.  Upon collection of the 
contingent note receivable, the Partnership recognized the 
deferred gain in the third quarter ended September 30, 1996.  
Accordingly, the total gain recognized on the sale during the 
third quarter 1996 was $478,166.


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 
CONDITION AND RESULTS OF OPERATIONS

WelCare Acquisition Corp., an affiliate of WelCare International, 
Inc. ("WelCare"), acquired the stock of the Partnership's 
corporate general partner from Southmark Corporation on November 
20, 1990.  The results of operations for periods prior to November 
20, 1990, occurred under the direction and management of Southmark 
affiliates and not under the direction and management of WelCare's 
affiliates.

Following the first full year of WelCare's affiliate's management 
of the affairs of the Partnership, the Limited Partners 
overwhelmingly elected WelCare Service Corporation-V, a wholly-
owned subsidiary of WelCare Acquisition Corp., as Managing General 
Partner.  On January 7, 1992, WelCare Service Corporation-V was 
admitted as Managing General Partner.

During the first quarter of 1995, the Partnership recognized a 
gain of $5,860,022 on the settlement of advances as all litigation 
issues have been resolved with Southmark.  Prior to the 
settlement, Southmark and the Corporate General Partner of the 
Partnership each asserted their position with respect to operating 
advances made to the Partnership prior to 1990.

Plan of Operations

A majority in interest of the Partnership's Limited Partners 
approved a proposal, on October 18, 1994, which provides for the 
sale of all of the Partnership's remaining assets and the eventual 
dissolution of the Partnership, as outlined in a proxy statement 
dated September 28, 1994. Under the approved proposal, the Limited 
Partners consented for the Managing General Partner to attempt to 
sell or otherwise dispose of its remaining properties prior to 
October 18, 1997.  Upon the disposition of all of its assets, the 
approved proposal requires that the Managing General Partner 
dissolve the Partnership.

The Partnership will continue to operate Plantation Care Center 
("Plantation") and River Hills South ("RHS") and plans to sell all 
of the Partnership's remaining facilities to prospective 
purchasers or negotiate a settlement with its lenders.

At September 30, 1996 and December 31, 1995, the Partnership 
classified its remaining facilities as Property held for sale in 
the accompanying balance sheets.

Results of Operations

Revenues:

Operating revenue showed an increase of $186,511 for the quarter 
ended September 30, 1996, as compared to the third quarter of the 
prior year.  Most of this increase was due primarily to a higher 
patient census at Plantation as compared to the same period in the 
prior year. RHS experienced an increase in total revenue due in 
part to a slight increase in the facility's census and a favorable 
increase in the number of private residents as compared to the 
same period in the prior year. 

Expenses:

Operating expenses showed a increase of $70,608 for the quarter 
ended September 30, 1996, compared to the same period of the prior 
year.  Operating expenses at Plantation decreased as compared to 
the same period in the prior year, due primarily to success in 
controlling the facility's staffing costs.  This decrease was 
offset by increased staffing and ancillary costs experienced by 
RHS due to an increase in the number of higher acuity patients as 
compared to the same period in the prior year.

Liquidity and Capital Resources

At September 30, 1996, the Partnership held cash and cash 
equivalents of $285,439, a decrease of $34,148 from December 31, 
1995.  Cash is being held in reserve for working capital, capital 
improvements, and operating contingencies.

On March 24, 1995, the General Partner negotiated the transfer of 
the Partnership's interest in Champaign to the holder of a 
recourse note that was secured by a mortgage on the facility.  The 
Partnership paid $61,882 in back taxes in connection with this 
transfer and satisfied its obligation under the mortgage with the 
transfer.  The remaining closed facility, Village Inn, has tax 
certificates of approximately $130,000 outstanding for accrued 
real estate taxes that may require redemption by the Partnership 
during 1996.  The recourse note secured by Village Inn could have 
an adverse effect on the Partnership and its ability to continue 
as a going concern, should the holder of the note pursue its 
satisfaction.

Due to negative operating cash flow generated by Plantation, the 
Partnership ceased debt service on its $1,250,000 note payable 
secured by the facility during March 1995.  Based on the current 
agreement to sell the facility, the Partnership will be able to 
satisfy the note receivable which is recourse to the Partnership. 
 As discussed in Item 1, Note 7, the Partnership will have to pay 
approximately $200,000 to the lender.  Funds for this debt 
reduction will have to come from cash reserves of the Partnership. 
Should the Partnership be unable to successfully close the current 
sale of the facility, the Partnership's ability to continue as a 
going concern could be adversely affected.

As of September 30, 1996, the Partnership was current on its 
monthly debt service payments related to its mortgage secured by 
RHS.

As of September 30, 1996, the Partnership was not obligated to 
perform any major capital additions or renovations.  No such major 
capital expenditures or renovations are planned for the next 12 
months, other than necessary repairs, maintenance and improvements 
which are expected to be funded by operations.

Significant changes have and will continue to be made in 
government reimbursement programs, and such changes could have a 
material impact on future reimbursement formulas.  Based on 
information currently available, Management does not believe 
proposed legislation will have an adverse effect on the 
Partnership's operations.  However, as health care reform is 
ongoing, the long-term effects of such changes cannot be 
accurately predicted at the present time.

The Partnership does not anticipate improved liquidity during the 
remainder of 1996, due to the continued negative operating results 
generated by Plantation, the anticipated $200,000 payment to 
Plantation's lender in conjunction with the sale of the facility, 
and the potential payment of tax certificates secured by Village 
Inn.  Should the Partnership's cash reserves prove inadequate, the 
Partnership has no existing lines of credit to draw on or the 
ability to borrow against its other facilities.

PART II - OTHER INFORMATION

Item 6.         Exhibits and Reports on Form 8-K

(a)             Exhibits
				
				None

(b)             Reports on Form 8-K

				None


			     SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 
1934, the registrant has duly caused this report to be signed on 
its behalf by the undersigned, thereunto duly authorized.

	CONSOLIDATED RESOURCES HEALTH CARE FUND V

	 By:     WELCARE SERVICE CORPORATION - V
		 Managing General Partner



Date: November 14, 1996        By: /s/ J. Stephen Eaton           
				       J. Stephen Eaton,
				       President



Date: November 14, 1996        By: /s/ Alan C. Dahl               
				       Alan C. Dahl,
				       Vice President and Principal      
				       Financial Officer