UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEET
ASSETS	June 30,2003		December 31, 2002
	(Unaudited)
Properties:
Land	$5,280,000		$5,280,000
Buildings And Improvements	25,254,962		25,249,181
Furniture And Fixtures	218,518		213,513
	30,753,480		30,742,694
Less Accumulated Depreciation	13,427,583		13,011,689
	17,325,897		17,731,005
Cash And Cash Equivalents	456,011		607,207
Cash - Security Escrow	305,158		305,158
Unamortized Finance Costs	323,548		366,548
Maunfactured Homes and Improvements	1,212,818		1,152,759
Other Assets	1,381,637		727,650
Total Assets	$21,005,069		$20,890,327
LIABILITIES and PARTNERS' DEFICIT	June 30, 2003		December 31, 2002
	(Unaudited)
Line of Credit	$145,755		$195,755
Accounts Payable	106,333		120,004
Other Liabilities	1,090,857		773,368
Mortgage Payable	31,750,850		31,939,585
Total Liabilities	$33,093,795		$33,028,712
Partners' (Deficit) Equity:
General Partner	(3,889,419)		(3,661,251)
Class A Limited Partners	(9,353,555)		(9,421,318)
Class B Limited Partners	1,154,248		944,184
Total Partners' Deficit	(12,088,726)		(12,138,385)
Total Liabilities And
Partners' Deficit	$21,005,069		$20,890,327
See Notes to Financial Statements
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