| Land |
$11,662,525 |
|
$11,662,525 |
|
|
|
|
| Buildings And Improvements |
50,864,889 |
|
50,708,179 |
|
|
|
|
| Furniture And Fixtures |
555,186 |
|
551,111 |
|
|
|
|
|
63,082,600
|
|
62,921,815
|
|
|
|
|
|
|
|
|
|
|
| Less Accumulated Depreciation |
(24,318,790) |
|
(23,894,162) |
|
|
|
|
|
38,763,810 |
|
39,027,653
|
|
|
|
|
|
|
|
|
|
|
| Cash And Cash Equivalents |
3,664,939 |
|
3,741,016 |
|
|
|
|
| Unamortized Finance Costs |
552,507 |
|
557,736 |
|
|
|
|
| Manufactured Homes and Improvements |
1,274,667 |
|
1,142,579 |
|
|
|
|
| Other Assets |
992,477 |
|
1,147,960 |
|
|
|
|
|
|
|
|
|
| Total Assets |
$45,248,400
|
|
$45,616,944
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
| LIABILITIES & PARTNERS
EQUITY |
March 31,2002 |
|
December 31, 2001 |
|
|
(Unaudited) |
|
|
|
|
|
|
| Accounts Payable |
$178,423 |
|
$265,037 |
|
| Other Liabilities |
721,282 |
|
704,218 |
|
| Notes Payable |
28,709,573 |
|
28,817,758 |
|
|
|
|
| Total Liabilities |
29,609,278
|
|
29,787,013
|
|
|
|
|
| Partners' Equity: |
|
|
| General Partner |
304,456 |
|
299,427 |
|
|
|
|
| Unit Holders |
15,334,666 |
|
15,530,504 |
|
|
|
|
| Total Partners' Equity |
15,639,122 |
|
15,829,931
|
|
|
|
|
|
| Total Liabilities And |
|
|
| Partners' Equity |
$45,248,400 |
|
$45,616,944 |
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| See
Notes to Financial Statements |
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3 |
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