| Land |
$5,280,000 |
|
$5,280,000 |
|
|
|
|
| Buildings And Improvements |
24,799,627 |
|
24,444,204 |
|
|
|
|
| Furniture And Fixtures |
229,660 |
|
207,164 |
|
|
|
|
|
30,309,287
|
|
29,931,368
|
|
|
|
|
|
|
|
|
|
|
| Less Accumulated Depreciation |
12,394,884 |
|
12,196,191 |
|
|
|
|
|
17,914,403 |
|
17,735,177 |
|
|
|
|
|
|
|
|
|
| Cash And Cash Equivalents |
903,873 |
|
902,752 |
|
|
|
|
| Cash - Security Escrow |
305,158 |
|
305,158 |
|
|
|
|
| Unamortized Finance Costs |
431,048 |
|
452,548 |
|
|
|
|
| Maunfactured Homes and
Improvements |
1,431,275 |
|
1,126,173 |
|
|
|
|
| Other Assets |
969,187 |
|
832,244 |
|
|
|
|
|
|
|
|
|
| Total Assets |
$21,954,944
|
|
$21,354,052
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES and PARTNERS'
DEFICIT |
March 31, 2002 |
|
December 31, 2001 |
|
|
(Unaudited) |
|
|
|
|
|
|
| Line of Credit |
$270,755 |
|
$270,755 |
|
|
|
| Accounts Payable |
638,107 |
|
159,551 |
|
| Other Liabilities |
958,052 |
|
754,515 |
|
| Mortgage Payable |
32,183,398 |
|
32,273,332 |
|
|
|
|
|
| Total Liabilities |
$34,050,312
|
|
$33,458,153
|
|
|
|
|
| Partners' (Deficit) Equity: |
|
|
| General Partner |
(3,300,447) |
|
(3,183,994) |
|
|
|
|
| Class A Limited Partners |
(9,455,547) |
|
(9,480,901) |
|
| Class B Limited Partners |
660,626 |
|
560,794 |
|
|
|
|
| Total Partners' Deficit |
(12,095,368) |
|
(12,104,101) |
|
|
|
|
|
| Total Liabilities And |
|
|
|
| Partners' Deficit |
$21,954,944 |
|
$21,354,052 |
|
|
|
|
| See
Notes to Financial Statements |
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