| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | |||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | |||||||||||||||||
| STATEMENTS OF INCOME | THREE MONTHS ENDED | ||||||||||||||||
| March 31, 2001 | March 31, 2000 | ||||||||||||||||
| (unaudited) | (unaudited) | ||||||||||||||||
| Income: | |||||||||||||||||
| Rental Income | $3,099,590 | $3,057,971 | -- | ||||||||||||||
| Other | 192,457 | 185,634 | |||||||||||||||
| Total Income | $3,292,047 | $3,243,605 | |||||||||||||||
| Operating Expenses: | |||||||||||||||||
| Administrative Expenses | |||||||||||||||||
| (Including $162,683 and $160,975, in Property Management | |||||||||||||||||
| Fees Paid to an Affiliate for the Three Month Period Ending | |||||||||||||||||
| March 31, 2001 and 2000 Respectively) | 845,724 | 777,114 | |||||||||||||||
| Property Taxes | 241,805 | 251,067 | |||||||||||||||
| Utilities | 208,143 | 243,161 | |||||||||||||||
| Property Operations | 422,660 | 421,455 | |||||||||||||||
| Depreciation And Amortization | 450,237 | 460,803 | |||||||||||||||
| Interest | 466,810 | 475,008 | |||||||||||||||
| Total Operating Expenses | $2,635,379 | $2,628,608 | |||||||||||||||
| Net Income | $656,668 | $614,997 | |||||||||||||||
| Income Per Unit: | 0.20 | 0.19 | |||||||||||||||
| Distribution Per Unit: | 0.19 | 0.19 | |||||||||||||||
| Weighted Average Number Of Units | |||||||||||||||||
| Of Beneficial Assignment Of Limited Partnership | |||||||||||||||||
| Interest Outstanding During The Period Ending | |||||||||||||||||
| March 31, 2001 and 2000 | 3,303,387 | 3,303,387 | |||||||||||||||
| STATEMENT OF PARTNERS' EQUITY (Unaudited) | |||||||||||||||||
| General Partner | Unit Holders | Total | |||||||||||||||
| Balance, January 1, 2001 | $ 278,319 | $ 16,149,566 | $ 16,427,885 | ||||||||||||||
| Net Income | 6,567 | 650,101 | 656,668 | ||||||||||||||
| Distributions | - | (627,643) | (627,643) | ||||||||||||||
| Balance as of March 31, 2001 | $ 284,886 | $ 16,172,024 | $ 16,456,910 | ||||||||||||||
| See Notes to Financial Statements | |||||||||||||||||
| 4 | |||||||||||||||||