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   0-14435   



	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.)



	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 13 PAGES.


			PART I. - FINANCIAL INFORMATION
		  CONSOLIDATED RESOURCES HEALTH CARE FUND IV
			  CONSOLIDATED BALANCE SHEETS
				  (Unaudited)


					       September 30,  December 31,
						   1996          1995

ASSETS
Current assets:
  Cash and cash equivalents                  $    655,778  $    628,543
  Accounts receivable, net of allowance
    for doubtful accounts of $72,978              434,717       477,805
  Prepaid expenses                                 78,362        18,529
  Property held for sale                          657,648       744,147
    Total current assets                        1,826,505     1,869,024

  Restricted escrows and other deposits            43,204        49,241
  Deferred loan costs, net of accumulated 
    amortization of $106,243 in 1996                    -        34,931
    Total other assets                             43,204        84,172
					     $  1,869,709  $  1,953,196
LIABILITIES AND PARTNERS' DEFICIT
Current liabilities:
  Current maturities of long-term 
   obligations including debt in default     $  1,693,758  $  1,763,962
  Trade accounts payable                          164,025       156,102
  Accrued compensation                             96,932       126,004
  Insurance payable                                69,949        58,255
  Accrued interest                                 56,497        46,637
  Accrued real estate taxes                        41,895        43,376
    Total current liabilities                   2,123,056     2,194,336


Partners' equity (deficit):
  Limited partners                                421,137       432,856
  General partners                               (674,484)     (673,996)
    Total partners' deficit                      (253,347)     (241,140)
					     $  1,869,709  $  1,953,196
					       







See accompanying notes to consolidated financial statements.           

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


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

Revenues:
  Operating revenues     $  992,651  $ 1,446,990  $2,718,399  $4,206,682
  Interest income             5,833        8,630      15,457      43,201
    Total revenues          998,484    1,455,620   2,733,856   4,249,883

Expenses:                                           
  Operating expenses        810,664    1,385,584   2,425,022   4,158,529
  Interest                   39,515      118,471     123,750     354,659
  Depreciation and amort.    39,081       84,463     152,175     253,787
  Partnership administration 
     costs                   14,562        4,532      45,116      75,542
    Total expenses          903,822    1,593,050   2,746,063   4,842,517

Income (loss) before     
   extrordinary gain         94,662     (137,430)    (12,207)   (592,634)

Extraordinary gain on 
   settlement of advances         -            -           -   1,941,358

Net income (loss)        $   94,662  $  (137,430) $  (12,207) $1,348,724

Net income (loss) per L.P. unit  
  before extraordinary gain    3.46        (5.02)      (0.45)     (21.65)

Extraordinary gain on 
  settlement of advances          -            -           -       73.13

Net income (loss) per L.P.
  unit                    $    3.46  $     (5.02) $    (0.45) $    51.48

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


 


See accompanying notes to consolidated financial statements.        

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

						      
						Nine months ended September
						    1996         1995
						 
Operating Activities:
  Cash received from residents
     and government agencies                   $ 2,761,487  $  4,059,638
  Cash paid to suppliers and employees          (2,540,907)   (4,042,749)
  Cash paid to restricted escrows,
     net of escrow distribution                      6,037        (5,673)
  Interest received                                 15,457        43,201
  Interest paid                                   (113,890)     (282,761)
Cash (used in) provided by operating activities    128,184      (228,344)
 
Investing Activities:
  Additions to property and equipment
     held for sale                                 (30,745)      (66,149)
  Collection of note receivable                          -       250,000
Cash (used in) provided by investing activites     (30,745)      183,851

Financing Activities:
  Principal payments on long-term obligations      (70,204)      (69,718)
Cash (used in) financing activities                (70,204)      (69,718)

Net (decrease) increase in cash 
     and cash equivalents                           27,235      (114,211)

Cash and cash equivalents, beginning of period     628,543       820,321

Cash and cash equivalents, end of period       $   655,778  $    706,110





See accompanying notes to consolidated financial statements.



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


						Nine months ended September
						    1996         1995
						 
Reconciliation of Net Income (Loss)
  to Cash (Used in) Provided by Operating
  Activities:

Net income (loss)                              $   (12,207) $  1,348,724
Adjustments to reconcile net income (loss)
   to cash (used in) provided by operating
   activities:                         
      Depreciation and amortization                152,175       253,787
      Extraordinary gain of extinguishment of debt       -    (1,941,358)
Changes in assets and liabilities:     
      Accounts receivable                           43,088      (147,046)
      Other assets                                 (59,833)            -
      Restricted escrow and other deposits           6,037             -
      Trade accounts payable and
	accrued liabilities                         (1,076)      257,548
 
Cash used in operating activities              $   128,184  $   (228,344)






See accompanying notes to consolidated financial statements.

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

								 Total 
								 Partners'
				     General      Limited        Deficit

Balance, at December 31, 1994   $   (738,711) $  (1,403,484) $ (2,142,195)

Net income                            (4,292)     1,353,016     1,348,724
 
Balance, at September 30, 1995  $   (684,762) $    (108,709) $   (793,471)
 
 
Balance, at December 31, 1995   $   (673,996) $     432,856  $   (241,140)
 
Net loss                                (488)       (11,719)      (12,207)
 
Balance, at September 30, 1996  $   (674,484) $     421,137  $   (253,347)
 



See accompanying notes to consolidated financial statements.            



		   CONSOLIDATED RESOURCES HEALTH CARE FUND IV
		   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

			       September 30, 1996

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, 1996, are not necessarily indicative of 
the results to be expected for the year ending December 31, 1996.

NOTE 2.

The consolidated 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-IV (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 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,
							  1996      1995 

Charged to costs and expenses:
Property management and oversight
management fees                                         $162,928   $252,648
Financial accounting, data processing,
tax reporting, legal and compliance,
investor relations and supervision
of outside services                                     $ 45,116   $ 48,633
 

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, 
1996, 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:

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 6:

The Partnership is in default on its long-term debt obligations 
secured by Heritage Manor of Hoisington ("Hoisington") and 
Heritage Manor of Emporia ("Emporia"), as these debts were due to 
be repaid on April 1, 1996.  The Partnership and the lender of 
these matured loans are currently negotiating a standstill 
agreement.  Under this agreement, the Partnership has additional 
time to pursue the sale of the facilities while it continues to 
pay monthly debt service payments on terms substantially similar 
to the original terms of the notes.  Accordingly, these 
obligations were included in Current maturities of long-term 
obligations in the accompanying balance sheets.  The Partnership 
is current on and continues to pay its monthly debt service.


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 6, the Partnership's two mortgage 
debt obligations were in default as of September 30, 1996.  The 
Partnership will continue to operate the facilities and plans to 
negotiate an extension with its lenders while it proceeds with the 
sale of the properties.

At September 30, 1996 the Partnership has held available for sale 
all of its nursing home facilities.  Accordingly, the Partnership 
has classified the facilities as Property held for sale in the 
accompanying balance sheet.


Results of Operations

Revenues:

Operating revenue decreased by $ 454,339 for the quarter ended 
September 30, 1996, compared to the second quarter of the prior 
year.  This decrease was due primarily to the sale of the Oaks of 
Mountain Grove in the third quarter of 1995.  Operating revenues 
generated by the sold facility were $602,843. The reduction in 
revenue was offset by increased census and Medicare patients at 
Hoisington. 


Expenses:

Operating expenses decreased by $574,920 for the quarter ended 
September 30, 1996, as compared to the same period in the prior 
year.  As discussed above, Mountain Grove was sold during the 
third quarter of 1995.  Operating expense incurred by the sold 
facility was $739,575.  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, 1996, the Partnership held cash and cash 
equivalents of $ 655,778 an increase of $27,235 from the amount 
held at December 31, 1995. The cash balance is being held in 
reserve for working capital, capital improvements and operating 
contingencies.
 
During 1995, the Partnership maintained current debt service 
payments on all of its debt secured by facilities currently owned 
by the Partnership. The Partnership should produce sufficient cash 
flow from operations during 1996 to continue to satisfy current 
monthly debt service obligations.

As of September 30, 1996, 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.

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.  

The Partnership is in default on the long-term debt obligations 
secured by Heritage Manor of Hoisington and Heritage Manor of 
Emporia as these loans were due April 1, 1996. The Partnership is 
currently seeking purchasers for these facilities at a sale price 
that would satisfy the operating and debt obligations extensions 
sufficient to allow for the orderly sale of these facilities, 
however, there can by no assurance that the facilities can by sold 
prior to foreclosure.  As long as these default situations exist, 
the Partnership has no existing lines of credit to draw upon 
should present resources or cash flow from operations by 
inadequate. 



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 IV

	 By:    WELCARE SERVICE CORPORATION - IV
		 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,
					    Chief Financial Officer 
					    of the Corporate General Partner