UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	September 30,2003		December 31, 2002
	(Unaudited)		(Audited)
Properties:
Land	$5,280,000		$5,280,000
Buildings And Improvements	25,296,552		25,249,181
Furniture And Fixtures	218,518		213,513
	30,795,070		30,742,694
Less Accumulated Depreciation	13,649,113		13,011,689
	17,145,957		17,731,005
Cash And Cash Equivalents	321,893		607,207
Cash -Security Escrow	305,158		305,158
Unamortized Finance Costs	302,048		366,548
Manufactured Homes and Improvements	1,519,140		1,152,759
Other Assets	1,394,869		727,650
Total Assets	$20,989,065		$20,890,327
LIABILITIES and PARTNERS' DEFICIT	September 30,2003		December 31, 2002
	(Unaudited)		(Audited)
Line of Credit	$105,000		$195,755
Accounts Payable	231,310		120,004
Other Liabilities	1,187,868		773,368
Mortgage Payable	31,664,590		31,939,585
Total Liabilities	$33,188,768		$33,028,712
Partners' Equity (Deficit):
General Partner	(4,032,314)		(3,661,251)
Class A Limited Partners	(9,395,359)		(9,421,318)
Class B Limited Partners	1,227,970		944,184
Total Partners' Deficit	(12,199,703)		(12,138,385)
Total Liabilities And
Partners' Equity	$20,989,065		$20,890,327
See Notes to Financial Statements
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