| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNIPROP MANUFACTURED HOUSING INCOME FUND |
|
|
A MICHIGAN LIMITED PARTNERSHIP |
|
|
|
|
|
|
|
| |
|
|
|
|
| |
|
|
| STATEMENTS OF INCOME |
THREE MONTHS ENDED |
|
|
|
|
March 31,2001 |
|
March 31,2000 |
|
|
|
(unaudited) |
|
(unaudited) |
|
|
|
|
|
|
|
|
| Income: |
|
| Rental Income |
$2,113,339 |
|
$2,112,733 |
|
|
-- |
| Other |
124,510 |
|
153,653 |
|
|
|
|
|
| Total Income |
$2,237,849 |
|
$2,266,386 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
| Administrative Expenses |
|
|
|
|
|
|
|
|
|
|
| (Including $111,175 and
$111,883 in Property Management |
|
| Fees Paid to An Affiliate for the Three Month Period |
|
|
|
|
|
|
|
|
|
|
| Ended March 31, 2001 and 2000, Respectively) |
434,118 |
|
461,076 |
|
|
|
|
|
|
|
|
|
|
| Property Taxes |
212,181 |
|
211,125 |
|
|
| Utilities |
162,067 |
|
132,776 |
|
|
|
|
|
|
|
|
|
|
| Property Operations |
256,708 |
|
235,861 |
|
|
|
|
|
|
|
|
|
|
| Depreciation And Amortization |
234,038 |
|
238,320 |
|
|
|
|
|
|
|
|
| Interest |
670,954 |
|
668,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Operating Expenses |
$1,970,066 |
|
$1,948,083 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
$267,783 |
|
$318,303 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income Per Limited
Partnership Unit: |
|
|
|
|
|
|
|
|
|
| Class A |
$4.04 |
|
$5.32 |
|
|
|
|
|
|
| Class B |
$13.56 |
|
$15.04 |
|
|
|
|
|
|
|
|
|
| Distribution Per Limited
Partnership Unit |
|
|
|
|
|
|
| Class A |
$2.75 |
|
$2.50 |
|
|
| Class B |
$2.75 |
|
$2.50 |
|
|
|
| Weighted Average Number Of
Limited |
|
| Partnership Units Outstanding |
|
|
| Class A |
20,230 |
|
20,230 |
|
|
| Class B |
9,770 |
|
9,770 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| STATEMENT OF PARTNER'S EQUITY
(Unaudited) |
|
|
| |
General Partner |
|
Class A Lmited |
|
Class B Limited |
Total |
|
|
|
|
|
|
|
|
| Beginning Balance of December
31, 2000 |
(2,690,242) |
|
(9,503,207) |
|
198,357 |
|
|
| Net Income |
53,557 |
|
81,746 |
|
132,481 |
|
|
| Distributions |
(167,313) |
|
(55,633) |
|
(26,868) |
|
|
|
|
|
|
|
|
|
| Balance as of March 31, 2001 |
(2,803,998) |
|
(9,477,094) |
|
303,970 |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements |
|
|
|
|
| |
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|