UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEET
ASSETS	March 31,2003		December 31, 2002
	(Unaudited)
Properties:
Land	$5,280,000		$5,280,000
Buildings And Improvements	25,249,181		25,249,181
Furniture And Fixtures	213,513		213,513
	30,742,694		30,742,694
Less Accumulated Depreciation	13,219,601		13,011,689
	17,523,093		17,731,005
Cash And Cash Equivalents	753,459		607,207
Cash - Security Escrow	305,158		305,158
Unamortized Finance Costs	345,048		366,548
Maunfactured Homes and Improvements	1,115,255		1,152,759
Other Assets	1,014,211		727,650
Total Assets	$21,056,224		$20,890,327
LIABILITIES and PARTNERS' DEFICIT	March 31, 2003		December 31, 2002
	(Unaudited)
Line of Credit	$195,755		$195,755
Accounts Payable	133,806		120,004
Other Liabilities	977,925		773,368
Mortgage Payable	31,842,556		31,939,585
Total Liabilities	$33,150,042		$33,028,712
Partners' (Deficit) Equity:
General Partner	(3,769,738)		(3,661,251)
Class A Limited Partners	(9,377,892)		(9,421,318)
Class B Limited Partners	1,053,812		944,184
Total Partners' Deficit	(12,093,818)		(12,138,385)
Total Liabilities And
Partners' Deficit	$21,056,224		$20,890,327
See Notes to Financial Statements
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