UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEET
ASSETS	March 31,2004		December 31, 2003
	(Unaudited)
Properties:
Land	$5,280,000		$5,280,000
Buildings And Improvements	25,441,323		25,419,430
Furniture And Fixtures	218,518		218,518
	30,939,841		30,917,948
Less Accumulated Depreciation	14,083,797		13,866,583
	16,856,044		17,051,365
Cash And Cash Equivalents	45,371		258,423
Cash - Security Escrow	305,158		305,158
Unamortized Finance Costs	259,048		280,548
Maunfactured Homes and Improvements	1,645,002		1,312,787
Other Assets	1,145,733		1,258,312
Total Assets	$20,256,356		$20,466,593
LIABILITIES and PARTNERS' DEFICIT	March 31, 2004		December 31, 2003
	(Unaudited)
Line of Credit	$270,000		$235,000
Accounts Payable	120,807		149,213
Other Liabilities	992,169		885,533
Mortgage Payable	31,479,889		31,576,444
Total Liabilities	$32,862,865		$32,846,190
Partners' Equity (Deficit) :
General Partner	(4,355,075)		(4,188,993)
Class A Limited Partners	(9,576,454)		(9,473,234)
Class B Limited Partners	1,325,020		1,282,630
Total Partners' Deficit	(12,606,509)		(12,379,597)
Total Liabilities And
Partners' Deficit	$20,256,356		$20,466,593
See Notes to Financial Statements
3