| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | |||||||||||||||||||
| A MICHIGAN LIMITED PARTNERSHIP | |||||||||||||||||||
| STATEMENTS OF INCOME (unaudited) | NINE MONTHS ENDED | THREE MONTHS ENDED | |||||||||||||||||
| Sept. 30, 2001 | Sept. 30, 2000 | Sept. 30, 2001 | Sept. 30, 2000 | ||||||||||||||||
| Income: | |||||||||||||||||||
| Rental Income | $9,212,541 | $9,205,143 | $3,048,193 | 3,100,711 | -- | ||||||||||||||
| Other | 557,984 | 605,403 | 178,557 | 214,782 | |||||||||||||||
| Total Income | $9,770,525 | $9,810,546 | $3,226,750 | 3,315,493 | |||||||||||||||
| Operating Expenses: | |||||||||||||||||||
| Administrative Expenses | |||||||||||||||||||
| (Including $483,395, $484,796,$159,840, and $163,473, in Property Management | |||||||||||||||||||
| Fees Paid to an Affiliate for the Nine and Three Month Periods Ending | |||||||||||||||||||
| September 30, 2001 and 2000 Respectively) | 2,440,567 | 2,429,726 | 726,247 | 795,995 | |||||||||||||||
| Property Taxes | 771,216 | 753,429 | 272,347 | 251,607 | |||||||||||||||
| Utilities | 649,353 | 719,748 | 225,384 | 242,730 | |||||||||||||||
| Property Operations | 1,514,611 | 1,629,465 | 579,494 | 660,523 | |||||||||||||||
| Depreciation And Amortization | 1,324,367 | 1,382,421 | 442,880 | 440,807 | |||||||||||||||
| Interest | 1,407,748 | 1,432,423 | 471,430 | 477,977 | |||||||||||||||
| Total Operating Expenses | $8,107,862 | $8,347,212 | $2,717,782 | $2,869,639 | |||||||||||||||
| Net Income | $1,662,663 | $1,463,334 | $508,968 | $445,854 | |||||||||||||||
| Income Per Unit: | $0.50 | $0.44 | $0.15 | $0.13 | |||||||||||||||
| Distribution Per Unit: | $0.61 | $0.57 | $0.21 | $0.19 | |||||||||||||||
| Weighted Average Number Of Units | |||||||||||||||||||
| Of Beneficial Assignment Of Limited Partnership | |||||||||||||||||||
| Interest Outstanding During The Period Ending | |||||||||||||||||||
| September 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 | |||||||||||||||||
| Beginning Balance December 31, 2000 | $278,319 | $16,149,566 | $16,427,885 | ||||||||||||||||
| Distributions | 0 | (2,015,066) | (2,015,066) | ||||||||||||||||
| Net Income | 16,627 | 1,646,036 | 1,662,663 | ||||||||||||||||
| Balance, September 30, 2001 | $294,946 | $15,780,536 | $16,075,482 | ||||||||||||||||
| See Notes to Financial Statements | |||||||||||||||||||
| 4 | |||||||||||||||||||