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, 1995       
                                         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.)



                7000 Central Parkway, Suite 970, Atlanta, Georgia 30328    
              (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 of1934  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
                           ITEM 1. FINANCIAL STATMENTS
                   CONSOLIDATED RESOURCES HEALTH CARE FUND V
                          CONSOLIDATED BALANCE SHEETS

                                              September 30, December 31,       
                                                  1995          1994           
                                                     (Unaudited)
ASSETS
Current assets:
  Cash and cash equivalents                  $    550,490  $    716,188        
  Accounts receivable, net of allowance                                       
    for doubtful accounts of $168,133           1,077,212     1,199,849       
  Prepaid expenses                                309,013       357,152        
  Property held for sale (Notes 5 and 7)        8,594,354    10,267,062        
    Total current assets                       10,531,069    12,540,251         
                                                                               
Other:                                                                         
  Deferred loan costs, net of accumulated                                      
    amortization of $117,157 and $107,341          13,725        23,540      
    Total other assets                             13,725        23,540        
                                             $ 10,544,794  $ 12,563,791        

LIABILITIES AND PARTNERS' DEFICIT
Current liabilities:
  Current maturities of long-term debt,
   including debt in default of $3,624,314
    and $3,491,885 (Note 8)                  $  8,526,340  $  9,982,997       
  Trade accounts payable                          328,164       372,530         
  Insurance payable                                78,971        98,462         
  Medicaid settlement payable (Note 6)            258,969       258,969         
  Accrued interest (Note 7)                     3,425,882     4,480,481         
  Accrued real estate taxes                       410,750       487,613         
  Other liabilities                               279,595       293,149         
    Total current liabilities                  13,308,671    15,974,201        
                                                                                
Advances from former affiliates                         -     4,348,983       
Deferred gain on installment sale                 278,166       278,166        
    Total liabilities                          13,586,837    20,601,350       
                                                                               
Partners' deficit:                                                             
  Limited partners                             (2,171,752)   (6,998,320)        
  General partners                               (870,291)   (1,039,239)        
    Total partners' deficit                    (3,042,043)   (8,037,559)        
                                             $ 10,544,794  $ 12,563,791
                                     
                                                                                










See accompanying notes to consolidated financial statements.          2



























































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

                              Three months ended      Nine months ended
                              September 30,           September 30,
                              1995        1994        1995        1994        

Revenues:                                   
  Operating revenues          $2,537,704  $2,626,381  $7,647,325  $7,447,897
  Interest income                 19,516      32,940      61,340      70,131
    Total revenues             2,557,220   2,659,321   7,708,665   7,518,028

Expenses:
  Operating expenses           2,476,924   2,573,098   7,283,429   7,472,316
  Interest                       158,515     162,591     474,395     477,392
  Depreciation and amortization   91,860      93,976     282,524     282,120
  Partnership administration 
     costs                        19,799       6,851      50,865     143,055
    Total expenses             2,747,098   2,836,516   8,091,213   8,374,883

    Operating loss              (189,878)   (177,195)   (382,548)   (856,855)

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

      Litigation settlement
          income (Note 10)             -           -           -      32,354

      Loss before extraordinary
          gain                  (189,878)   (177,195)  (1,848,309)  (824,501)

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

      Extraordinary gain on 
        settlement of advances         -           -   4,348,983           -
        ( Note 10)

Net income (loss)             $ (189,878) $ (177,195) $4,995,516  $ (824,501)

Net income (loss) per L.P. unit

      Loss before extraordinary
         gain                      (6.16)      (5.75)     (61.44)     (26.74)
      Extraordinary gain on
        extinguishment of debt         -           -       83.45           -

      Extraordinary gain on
        settlement of advances         -           -      141.07           -
Net income (loss)
   per L.P. unit              $    (6.16) $    (5.75) $   163.08  $   (26.74)

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














See accompanying notes to consolidated financial statements.               3    


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

                                                            Total 
                                                            Partners'
                                General       Limited       Deficit       

Balance, at December 31, 1993   $   (966,115) $ (5,243,348) $ (6,209,463) 

Net loss                             (32,980)     (791,521)     (824,501)
  
Balance, at September 30, 1994  $   (999,095) $ (6,034,869) $ (7,033,964)
 
 
Balance, at December 31, 1994   $ (1,039,239) $ (6,998,320) $ (8,037,559)
 
Net income                           168,948     4,826,568     4,995,516
 
Balance, at September 30, 1995  $   (870,291) $ (2,171,752) $ (3,042,043)
 
 
 
 
 
 
 
 
 
 


























See accompanying notes to consolidated financial statements.           4

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

                                                
                                          Nine months ended September 30,
                                               1995         1994

Operating Activities:
  Cash received from residents and                            
  government agencies                          $ 7,769,962  $ 7,557,288
  Cash paid to suppliers and employees          (7,170,581)  (7,381,817)
  Settlement received                                    -       32,354
  Interest received                                 61,340       70,131
  Interest paid                                   (416,581)    (531,625)
  Property taxes paid                             (269,849)    (163,878)
 
Cash used in operating activities                  (25,709)    (417,547)

Investing Activities:                                         
  Additions to property and equipment              (65,762)     (25,740)
Cash used in investing activities                  (65,762)     (25,740)
 
Financing Activities:
  Principal payments on long-term debt             (74,228)     (27,278)
Cash used in financing activities                  (74,228)     (27,278)
 
Net decrease in cash and cash equivalents         (165,698)    (470,565) 
 
Cash and cash equivalents, beginning of period     716,188    1,164,637

Cash and cash equivalents, end of period       $   550,490  $   694,072



























See accompanying notes to consolidated financial statements.          5

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


                                           Nine months ended September 30,
                                               1995         1994

Reconciliation of Net Income (Loss) to Cash
Used in Operating Activities:

Net income (loss)                              $ 4,995,516  $  (824,501)
Adjustments to reconcile net income (loss)
 to net cash used in operating activities:
  Depreciation and amortization                    282,524      282,120
  Loss on transfer of property                   1,465,761            -
  Gain on settlement of advances                (4,348,983)           -
  Gain on extinguishment of debt                (2,494,842)           -
  Changes in operating assets and liabilities:
     Accounts receivable                           122,637      109,391
     Other current assets                           48,139       46,431
     Trade accounts payable and other 
      current liabilities                          (96,460)     (30,988)
 
Cash used in operating activities              $   (25,709) $  (417,547)



                                                 


























See accompanying notes to consolidated financial statements.          6




                      CONSOLIDATED RESOURCES HEALTH CARE FUND V
                      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  September 30, 1995

          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, 1995, are not
          necessarily indicative of the results to be expected for the year
          ending December 31, 1995.

          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,  1994,  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 7000 Central  Parkway, Suite 970, Atlanta, Georgia,
          30328.

          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,
                                                           1995       1994 

          Charged to costs and expenses:
            Property management and oversight
               management fees  . . . . . . . . . .      $427,113    $444,661
             Financial accounting, data processing,
               tax reporting, legal and compliance,
               investor relations and supervision
               of outside services  . . . . . . . .      $ 50,865    $ 57,922   
          
          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


                                                                          7







          generate  sufficient cash  flow to  obtain alternative  financing
          from refinancing sourcesin order to meet its ongoing obligations.
          
          NOTE 5.

          At  September 30,  1995 and  December 31,  1994,  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  7,  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, 1995, 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 1995  or 1996.  The  net book values of  the properties at
          September  30, 1995,  were  $4,834,664 and  $1,480,453 for  River
          Hills South and Plantation Care Center, respectively.  

          NOTE 6.

          In  March 1994,  the Partnership  received notification  from the
          Idaho  Medicaid  program  that  the Partnership  owes  the  state
          $149,485  and $109,484,  respectively, for  Medicaid overpayments
          made  to the  Partnership during  1993 and  1992.   These amounts
          relate to two Idaho facilities in which the Partnership  sold its
          interests in  1993.   These settlement amounts  reduced operating
          revenue in 1994  and are included in Medicaid settlements payable
          in the accompanying balance sheets.

          NOTE 7.

          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 loss on the transfer of the property of
          $1,465,761  and an extraordinary gain  on the forgiveness of debt
          of $2,494,842.

          NOTE 8.

          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

                                                                          8
 






          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 1995.  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.   The Partnership is currently
          in negotiations  with the  lender,  and has  found a  prospective
          purchaser for the facility.  This note accrues interest at 7% per
          annum.

          NOTE 9.

          Effective  April  1,   1995,  the  Partnership   transferred  the
          operational   management  responsibilities   for  Plantation   to
          Westcare   Management,   Inc.   ("Westcare"),   an   unaffiliated
          management  company.    The  management  agreement  provides  for
          management  fees  of  3.5%  of  gross  facility  revenues.    The
          management agreement with Westcare expires March 31, 1996.  

          The Partnership also signed  a right of first refusal  and option
          agreement with Westcare  with respect to  Plantation.  Under  the
          terms  of  the agreement,  Westcare  has the  option  to purchase
          Plantation for $1,250,000, plus  any unpaid interest that accrues
          on  the note  payable secured by  the facility  after February 1,
          1995.    The  purchase  price  is  substantially  equal  to   the
          underlying secured debt  on the facility.   The option  agreement
          will continue until the management agreement is terminated.

          An affiliate  of the  general partner,  will continue to  provide
          accounting and data processing  services to the Plantation during
          the term of the Westcare management agreement.    

          NOTE 10.

          The Partnership and Southmark Corporation ("Southmark") reached a
          settlement which was effectively  filed with the Bankruptcy Court
          in January 1994,  regarding the claims  filed by the  Partnership
          against  Southmark and Southmark's  suit against the Partnership.
          Under this settlement, Southmark  released all claims against the
          Partnership  and  recognized   the  Partnership's  claims.     In
          settlement  of  the  Partnership's  claims,  Southmark  paid  the
          Partnership $32,354 during 1994.

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

          WelCare Acquisition Corp., an affiliate of WelCare International,


                                                                          9
 






          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  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.
          Accordingly,  at  March  31,  1995 and  December  31,  1994,  the
          Partnership classified its remaining facilities  as Property held
          for sale in the accompanying balance sheets.

          Results of Operations

          Revenues:

          Operating revenue  showed a decrease  of $88,677 for  the quarter
          ended September 30, 1995, as compared to the third quarter of the
          prior  year.    Operating  revenues at  Plantation  decreased  by
          $122,990 due primarily to  a lower patient census as  compared to
          the prior year.      


                                                                         10
 






          Expenses:

          Operating expenses showed  a decrease of $85,567  for the quarter
          ended  September 30,  1995, compared  to the  same period  of the
          prior  year.    Operating  expenses at  Plantation  decreased  by
          $32,109  due to  reduced staffing  necessitated by  lower patient
          census.  

          Liquidity and Capital Resources

          At  September 30,  1995,  the  Partnership  held  cash  and  cash
          equivalents of $550,490, a decrease of $165,698 from December 31,
          1994.   Cash is  being held  in reserve for  working capital  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 1995.   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 current
          offers from prospective purchasers, a sale of the  facility would
          not satisfy this  obligation.   As a result,  the Partnership  is
          currently  in negotiations with the lender.  As discussed in Item
          1, Note 8, the facility's operational management was changed to a
          local   management  company   with  the   expectation  that   the
          transaction  would  lead  the  a  sale  of  the  facility.    The
          Partnership will  continue its efforts  to sell Plantation  in an
          amount that would satisfy the facility's underlying debt.  Should
          the  Partnership  be unable  to negotiate  a settlement  with the
          holder of Plantation's  debt or  sell the facility  at an  amount
          equal to its  debt, the  Partnership's ability to  continue as  a
          going concern could be adversely affected.

          As of September 30, 1995, the Partnership was current on its debt
          service related to its mortgage secured by RHS.

          During  March 1995,  the Partnership  was notified  by the  Idaho
          Medicaid  program   that  the   Partnership  will  have   to  pay
          approximately  $258,000 in  retrospective settlements  related to
          its  previously  sold  Idaho  facilities.    The  Partnership  is
          currently  in the process of negotiating a payment plan for these

                                                                         11
 






          settlements  with the state. these amounts will be due during the
          third quarter of 1995.

          As  of September 30, 1995,  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  1995,  due  to the  continued  negative  operating
          results  generated by  Plantation, the  potential payment  of tax
          certificates secured by Village  Inn and the potential settlement
          payments  due  to  the  Idaho  Medicaid  program.     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.



























                                                                         12
 






          PART II - OTHER INFORMATION

          Item 6.    Exhibits and Reports on Form 8-K

          (a)      Exhibits

                     None

          (b)      Reports on Form 8-K

                     None










































                                                                         13
 







                                      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
                               Its Managing General Partner



          Date: 11/14/95           By:   /s/ J. Stephen Eaton              
                                         J. Stephen Eaton,
                                         President



          Date: 11/14/95          By:    /s/ Alan C. Dahl                  
                                         Alan C. Dahl,
                                         Vice President and Principal      
                                         Financial Officer 
                   




























                                                                         14