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   0-14435   



                          CONSOLIDATED RESOURCES HEALTH CARE FUND IV       

                   (Exact name of registrant as specified in its charter)


                                 Georgia                  58-1582370       

                    (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 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 13 PAGES.

                       PART I. - FINANCIAL INFORMATION
                        ITEM 1. FINANCIAL STATMENTS
                  CONSOLIDATED RESOURCES HEALTH CARE FUND IV
                       CONSOLIDATED BALANCE SHEETS



                                             September 30, December 31,
                                             1995          1994                 
                                             (Unaudited)
ASSETS
Current assets:
  Cash and cash equivalents                  $    706,110  $    820,321         
  Accounts receivable, net of allowance                                         
    for doubtful accounts of $72,978              514,189       367,145         
  Prepaid expenses                                 40,159        37,952         
  Property held for sale                        3,089,080     3,268,042         
    Total current assets                        4,349,538     4,493,460         
                                                                                
  Restricted escrows and other deposits           242,704       329,589         
  Note receivable                                       -       250,000         
  Deferred loan costs, net of accumulated                                       
    amortization of $98,725.35 and $78,480        112,023       120,699         
    Total other assets                            354,727       700,288         
                                             $  4,704,265  $  5,193,748        
LIABILITIES AND PARTNERS' DEFICIT                                              
Current liabilities:                                                           
  Current maturities of long-term                                              
   obligations including debt in default     $  4,613,687  $  4,683,405        
  Trade accounts payable                          183,795       112,059        
  Accrued compensation                            139,338       144,832        
  Insurance payable                                43,054        38,129        
  Accrued interest                                469,224       397,326        
  Accrued real estate taxes                        48,638        18,833        
    Total current liabilities                   5,497,736     5,394,584        
                                                             
Advances from affiliates (Note 6)                       -     1,941,359        
    Total liabilities                           5,497,736     7,335,943        
                                                                               
Partners' deficit:                                                             
  Limited partners                               (108,709)   (1,403,484)       
  General partners                               (684,762)     (738,711)      
    Total partners' deficit                      (793,471)   (2,142,195)
                                             $  4,704,265  $  5,193,748
                                                                             











See accompanying notes to consolidated financial statements           2



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


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

Revenues:
  Operating revenues          $1,446,990  $1,283,906  $4,206,682  $3,741,815
  Interest income                  8,630      14,730      43,201      47,636
    Total revenues             1,455,620   1,298,636   4,249,883   3,789,451

Expenses:                                               
  Operating expenses           1,385,584   1,189,627   4,158,529   3,617,143
  Interest                       118,471     111,128     354,659     334,858
  Depreciation and amortization   84,463      84,809     253,787     252,132
  Partnership administration 
     costs                         4,532       3,316      75,542     103,654
    Total expenses             1,593,050   1,388,880   4,842,517   4,307,787

    Operating loss              (137,429)    (90,244)   (592,634)   (518,336)
    Litigation settlement
    income (Note 6)                    -           -           -      32,354
    Gain on sale of 
    property (Note 5)                  -           -           -     607,169
    Income(loss) before 
    extraordinary gain          (137,429)    (90,244)   (592,634)    121,187

    Extraordinary gain on
    settlement of advances
     (Note 6)                          -           -   1,941,358           -

Net income (loss)             $ (137,429) $  (90,244) $1,348,724  $  121,187

Net income(loss) per L.P. unit

    Income (loss) before      $    (5.02) $    (3.30) $   (21.65) $     5.12
     extraordinary gain

    Extraordinary gain on 
      settlement of advances           -           -       70.91           -

Net income (loss) per L.P. uni$    (5.02) $    (3.30) $    49.26  $     5.12

L.P. units outstanding            26,283      26,283      26,283      26,283


 





See accompanying notes to consolidated financial statements.               3

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

                                                            Total 
                                                            Partners'
                                  General     Limited       Deficit       

Balance, at December 31, 1993   $   (712,690) $   (383,426) $ (1,096,116)

Distributions                              -    (1,000,000)   (1,000,000)

Net income (loss)                    (13,368)      134,555       121,187        
 
Balance, at September 30, 1994  $   (726,058) $ (1,248,871) $ (1,974,929)
 
 
Balance, at December 31, 1994   $   (738,711) $ (1,403,484) $ (2,142,195)
 
Net income                            53,949     1,294,775     1,348,724
 
Balance, at September 30, 1995  $   (684,762) $   (108,709) $   (793,471)
 



































See accompanying notes to consolidated financial statements.           4


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

                                                      
                                         Nine months ended September 30,
                                               1995         1994
                                                              
Operating Activities:
  Cash received from residents
     and government agencies                   $ 4,059,638  $ 3,822,443
  Cash paid to suppliers and employees          (4,042,749)  (3,993,297)
  Settlement received                                            32,354
  Interest received                                 43,201       47,636
  Interest paid                                   (282,761)    (190,554)
  Property taxes paid                               (5,673)     (24,281)
Cash used in operating activities                 (228,344)    (305,699) 
 
Investing Activities:
  Additions to property and equipment
     held for sale                                 (66,149)     (67,572)
  Collection of note receivable                    250,000
  Net proceeds from sale of property (Note 5)            -    1,410,283
Cash provided by investing activites               183,851    1,342,711

Financing Activities:
  Principal payments on long-term obligations      (69,718)     (70,128)
  Distributions to limited partners                      -   (1,000,000)
Cash used in financing activities                  (69,718)  (1,070,128)

Net increase (decrease) in cash 
     and cash equivalents                         (114,211)     (33,116)

Cash and cash equivalents, beginning of period     820,321      917,478

Cash and cash equivalents, end of period       $   706,110  $ 1,014,207























See accompanying notes to consolidated financial statements.          5



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


                                        Nine months ended September 30,
                                               1995         1994
                                                              
Reconciliation of Net Income 
  to Cash Used in Operating
  Activities:

Net income                                     $ 1,348,724  $   121,187
Adjustments to reconcile net income
   to cash used in operating
   activities:                         
      Depreciation and amortization                253,787      252,132
      Gain on settlement of advances            (1,941,358)           -
      Gain on sale of property                           -     (607,169)
Changes in assets and liabilities:     
      Accounts receivable                         (147,045)      80,628
      Other assets                                       -       57,122
      Trade accounts payable and
        accrued liabilities                        257,548     (209,599)
 
Cash used in operating activities              $  (228,344) $  (305,699)






























See accompanying notes to consolidated financial statements.          6





                                        
                                        
                      CONSOLIDATED RESOURCES HEALTH CARE FUND IV

                      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  September 30, 1995

          NOTE 1.

          The consolidated 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 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 consolidated financial statements should be read inconjunction
          with the consolidated  financial statements  and the notes  there
          to 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-IV (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  Partnership's  general  partners and  their  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 oversightmanagement fees.$252,649  $241,887
          Financial accounting, data processing,
          tax reporting, legal and compliance,
          investor relations and supervision
          of outside services . . . . . . . . . .          $ 48,633  $ 47,065
           

          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.  At  September 30,
          1995,   the   Partnership   has   experienced   working   capital
          deficiencies, had  defaulted on certain debt  obligations and had
          no assurance of any financial support from the General Partners.
          The Partnership's  continued  existence  is  dependent  upon  its
          ability to generate sufficient cash flow  to meet its obligations
          on  a timely  basis, to comply  with the  terms of  its financing
          agreements,  and  to  obtain   additional  financing  as  may  be
          required.  


          NOTE 5:

          On January 31,  1994, Rainbow Springs  ("Rainbow") was  auctioned
          for sale by  the Bankruptcy Court  presiding over the  bankruptcy
          proceedings  of  the joint  owner of  the  Rainbow property.   On
          February 1, 1994, the Bankruptcy Court approved the  auction sale
          of Rainbow to a third-party purchaser for $4,200,000 in cash.  On
          March 21, 1994, after payment of closing expenses and outstanding
          property taxes  of $1,213,408,  the Partnership received  62%, or
          $1,410,283 of the net proceeds from the sale, resulting in a gain
          to the Partnership of $607,169.  In the Consolidated Statement of
          Cash Flows, proceeds from the sale are shown net of the payment
          of  property  taxes and  other closing  costs.   Accordingly, the
          payment  of these property  taxes is  not shown  within Operating
          Activities in the statement.  

          NOTE 6:

          In November 1990, the Partnership filed claims against  Southmark
          Corporation ("Southmark"), in the Bankruptcy Court.   In response
          to  the partnership's  filing, Southmark  filed suit  against the
          Partnership in August  of 1991.   The  Partnership and  Southmark
          reached  a  settlement of  this  litigation  and the  partnership
          received a nonappealable court order approving  the settlement in
          April  1994.     Under   this  settlement,  Southmark   paid  the
          Partnership $76,345, which was included  in litigation settlement
          income in the accompanying statements of operations.

          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. In the past,  Southmark and  the
          Corporate General Partner of the Partnership asserted their 
          position with respect to operating advances made to the 
          Partnership prior to 1990.

          NOTE 7:

          The Partnership  was in technical  default on its  long-term debt
          obligations   secured    by   Heritage   Manor    of   Hoisington
          ("Hoisington")  and Heritage Manor  of Emporia  ("Emporia") as of
          September 30,  1995,  and December  31, 1994,  due to  inadequate
          reserve  requirements.     Accordingly,  these  obligations  were


                                                                          8
 






          included in  Current maturities  of long-term obligations  in the
          accompanying balance sheets.

          During February 1995, the partnership ceased fundings of a 
          bondsinking fund used to service debt secured by The Oaks of 
          Mountain Grove ("The  Oaks"). Accordingly, the facility's debt  
          was included in Current maturities of long-term obligations in the
          accompanying  balance sheets. This  facility was  sold in October
          1995, as discussed more fully in Note 8.    

          NOTE 8:

          On  October 18, 1995, the  Partnership sold The  Oaks of Mountain
          Grove to Mt. Grove #1,Inc.,  (the "Purchaser") an unrelated third
          party. 

          In consideration, the Purchaser assumed bonds payable and accrued
          interest totaling  approximately $2,970,000, fully  releasing the
          Partnership of  its obligation under these bonds.   The purchaser
          also acquired the  Partnership's interest in a bond  sinking fund
          amounting  to  approximately  $196,000.    The  Partnership  will
          recognize a gain of approximately $360,000 on the sale during the
          fourth quarter. 
          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 on November 20, 1990.  

          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-IV, a  wholly
          owned  subsidiary  of  WelCare  Acquisition  Corp.,  as  Managing
          General  Partner of the Partnership.  On January 7, 1992, WelCare
          Service Corporation-IV was admitted as Managing General Partner.

          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.

          As discussed in Item 1, Note 7, the Partnership had  one mortgage
          debt  obligation in default, and  had two mortgages  that were in
          technical default as of September 30, 1995.  The Partnership will


                                                                          9
 






          continue  to operate  the facilities  and plans  to (A)  sell the
          remaining facilities  to prospective purchasers or  (B) negotiate
          settlements with  its lenders.    Accordingly, at  September  30,
          1995,  and December 31, 1994,  the Partnership has classified the
          facilities as Property held for  sale in the accompanying balance
          sheets.

          Results of Operations

          Revenues:

          Operating  revenue increased  by $163,084  for the  quarter ended
          September  30, 1995, compared to  the third quarter  of the prior
          year.  This increase was due primarily to increased reimbursement
          rates at the Partnership's remaining facilities.    

          Expenses:

          Operating expenses increased  by $195,957 for  the quarter  ended
          September 30, 1995, as compared  to the same period in  the prior
          year.   The increase in  operating expenses at  the Partnership's
          nursing  facilities was  due  primarily  to general  inflationary
          increases  in  health care  costs,  and  an increase  in  therapy
          services being provided.  
          Liquidity and Capital Resources

          At  September  30,  1995,  the  Partnership  held  cash  and cash
          equivalents  of $706,110 a  decrease of $114,211  from the amount
          held  at December  31, 1994. The  cash balance  is being  held in
          reserve for working  capital, capital improvements and  operating
          contingencies.
           
          As  of September 30, 1995,  the Partnership was  not obligated to
          perform any  major  capital additions  or renovations.   No  such
          capital expenditures  or  renovations are  planned  for the  next
          twelve months,   other than necessary  minor repairs, maintenance
          and capital  expenditures  which are  expected  to be  funded  by
          operations.

          On  October 18, 1995, the  Partnership sold The  Oaks of Mountain
          Grove  ("The  Oaks").   Through  the  sale, the  Partnership  was
          relieved of  its  debt  obligations  secured  by  this  facility.
          Additionally, the negative operating cash flow  generated by this
          facility will no longer impact the Partnership in the future.

          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 that
          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.  


                                                                         10
 






          On  September  14, 1995,  the  Partnership  received $250,000  in
          payment  of its note receivable from the Purchaser of Red Boiling
          Springs, a facility sold by the Partnership in 1991.  These funds
          will be held to meet working capital requirements.
          The  Managing  General   Partner  anticipates  that   during  the
          remainder  of  1995, the  Partnership will  be  able to  meet its
          operating   obligations  related   to  its   nursing  facilities.
          However,  the Partnership  remains  in technical  default on  the
          long-term  debt  obligations   secured  by   Heritage  Manor   of
          Hoisington  ("Hoisington")   and   Heritage  Manor   of   Emporia
          ("Emporia") as of September  30, 1995, due to inadequate  reserve
          requirements.  The Partnership has made timely payments on all of
          its debt  service  obligations  with respect  to  Hoisington  and
          Emporia and  anticipates remaining  current on  these obligations
          during  the  next  twelve  months.    These  mortgage  debts  are
          classified as  a  current liability  due to  a technical  default
          under the terms  of the  loan documents.   While the  Partnership
          remains at risk due to this technical default, the lender has not
          made any indication  that it  will seek any  payments other  than
          scheduled debt service.
           
































                                                                         11
 








          PART II - OTHER INFORMATION
          Item 6.     Exhibits and Reports on Form 8-K

          (a)      Exhibits

                      None

          (b)      Reports on Form 8-K

                      On November 2  1995, the Partnership filed a Form 8-k
                      disclosing the closing of the sale of The Oaks of 
                      Mountain Grove on October 18, 1995.  On November 3,
                      1995 the Partnership filed a Form 8-K/A amending its
                      Form 8-K filed on November 2, 1995.





































                                                                         12
 






                                      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 IV

                        By:    WELCARE SERVICE CORPORATION - IV
                               Managing General Partner



          Date:September 14, 1995       By:    /s/ J. Stephen Eaton        
                                               J. Stephen Eaton,
                                               President



          Date: September 14, 1995       By:    /s/ Alan C. Dahl           
                                                Alan C. Dahl,
                                                Vice President and
                                                Principal Financial
                                                Officer                        






























                                                                         13