| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND, | |||||||
| A MICHIGAN LIMITED PARTNERSHIP | |||||||
| BALANCE SHEETS | |||||||
| ASSETS | September 30,2001 | December 31, 2000 | |||||
| (Unaudited) | |||||||
| Properties: | |||||||
| Land | $5,280,000 | $5,280,000 | |||||
| Buildings And Improvements | 24,432,997 | 24,350,053 | |||||
| Furniture And Fixtures | 207,165 | 201,106 | |||||
| Manufactured Homes and Improvements | 1,342,037 | 1,022,717 | |||||
| 31,262,199 | 30,853,876 | ||||||
| Less Accumulated Depreciation | 11,987,529 | 11,371,988 | |||||
| 19,274,670 | 19,481,888 | ||||||
| Cash And Cash Equivalents | 538,678 | 476,829 | |||||
| Cash -Security Escrow | 305,158 | 231,158 | |||||
| Unamortized Finance Costs | 474,048 | 538,548 | |||||
| Other Assets | 1,457,316 | 966,265 | |||||
| Total Assets | $22,049,870 | $21,694,688 | |||||
| LIABILITIES and PART. DEFICIT | September 30,2001 | December 31, 2000 | |||||
| (Unaudited) | |||||||
| Line of Credit | $270,755 | $300,000 | |||||
| Accounts Payable | 210,878 | 70,908 | |||||
| Other Liabilities | 1,100,652 | 738,454 | |||||
| Mortgage Payable | 32,354,305 | 32,580,418 | |||||
| Total Liabilities | $33,936,590 | $33,689,780 | |||||
| Partners' (Deficit) Equity: | |||||||
| General Partner | (3,022,318) | (2,690,242) | |||||
| Class A Limited Partners | (9,383,413) | (9,503,207) | |||||
| Class B Limited Partners | 519,011 | 198,357 | |||||
| Total Partners' Deficit | (11,886,720) | (11,995,092) | |||||
| Total Liabilities And | |||||||
| Partners' Deficit | $22,049,870 | $21,694,688 | |||||
| See Notes to Financial Statements | |||||||
| 3 | |||||||