| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | |||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | |||||||||||||||||
| STATEMENTS OF INCOME | SIX MONTHS ENDED | THREE MONTHS ENDED | |||||||||||||||
| June 30, 2001 | June 30, 2000 | June 30,2001 | June 30, 2000 | ||||||||||||||
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||||||||||||
| Income: | |||||||||||||||||
| Rental Income | $6,164,348 | $6,104,432 | 3,064,758 | 3,046,461 | -- | ||||||||||||
| Other | 379,427 | 390,621 | 186,970 | 204,987 | |||||||||||||
| Total Income | $6,543,775 | $6,495,053 | 3,251,728 | 3,251,448 | |||||||||||||
| Operating Expenses: | |||||||||||||||||
| Administrative Expenses | |||||||||||||||||
| (Including $323,555, $321,323,$162,683, and $160,795, in Property Management | |||||||||||||||||
| Fees Paid to an Affiliate for the Six and Three Month Period Ending | |||||||||||||||||
| June 30, 2001 and 2000 Respectively) | 1,714,320 | 1,633,731 | 868,596 | 856,617 | |||||||||||||
| Property Taxes | 498,869 | 501,822 | 257,064 | 250,755 | |||||||||||||
| Utilities | 423,969 | 477,018 | 215,826 | 233,857 | |||||||||||||
| Property Operations | 935,117 | 968,942 | 512,457 | 547,487 | |||||||||||||
| Depreciation And Amortization | 881,487 | 941,614 | 431,250 | 480,811 | |||||||||||||
| Interest | 936,318 | 954,446 | 469,508 | 479,438 | |||||||||||||
| Total Operating Expenses | $5,390,080 | $5,477,573 | $2,754,701 | $2,848,965 | |||||||||||||
| Net Income | $1,153,695 | $1,017,480 | $497,027 | $402,483 | |||||||||||||
| Income Per Unit: | 0.35 | 0.31 | 0.15 | 0.12 | |||||||||||||
| Distribution Per Unit: | 0.40 | 0.38 | 0.21 | 0.19 | |||||||||||||
| Weighted Average Number Of Units | |||||||||||||||||
| Of Beneficial Assignment Of Limited Partnership | |||||||||||||||||
| Interest Outstanding During The Period Ending | |||||||||||||||||
| June 30, 2001 and 2000 | 3,303,387 | 3,303,387 | 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 | ||||||||||||||
| Distributions | 0 | (1,321,355) | (1,321,355) | ||||||||||||||
| Net Income | 11,537 | 1,142,158 | $1,153,695 | ||||||||||||||
| Balance as of June 30, 2001 | $289,856 | $15,970,369 | $16,260,225 | ||||||||||||||
| See Notes to Financial Statements | |||||||||||||||||
| 4 | |||||||||||||||||