IMPERIAL REALTY PARTNERSHIP, L.L.P.

Re: 2002 Tax Returns from 08/01/2002 - 12/31/2002


SUMMARY PAGE

PLEASE SEE ATTACHED INCOME AND EXPENSES FOR BREAKDOWN

TOTAL RENTAL INCOME  $ 88,325.72 Mortgage Interest  $  13,023.47 Property Taxes  $  26,011.90 Interest on Taxes  $        307.78 Utilites  $    745.23 Plumbing Repairs  $  4,745.48 Paint & Carpentry  $  31,064.73 General Maint  $    1,998.10 Administrative Expense  $  31,511.99 DEPRECIATION  $    ?,???.?? NET LOSS  $  21,082.96 + deprec.

DEPOSITS TO IMPERIAL REALTY PARTNERSHIP, L.L.P. FROM SAVINGS ACCOUNTS.
NOT INCOME( CAPITAL INVESTMENT )
SEE ATTACHED COPIES OF BANK CHECKS !

FROM    AMOUNT  ;DATE Hudson City Savings   $  10,000.00  07/01/02 Hudson City Savings   $  10,000.00  08/01/02 Hudson City Savings   $  10,000.00  10/09/02 Hudson City Savings   $  10,000.00  12/12/02 Hudson City Savings $  3,000.00  12/26/02 TOTAL DEPOSITS  $  43,000.00

IMPERIAL REALTY PARTNERSHIP,L.L.P. CHECKING ACCOUNT BALANCE:

08/01/02 $ 10,000.00 ( CAPITAL INVESTMENT )

12/31/02 $ 968.74

MORTGAGE BALANCES, PLEASE SEE ATTACHED BREAKDOWN



PHONE: home: 973-895-3711 cell: 973-479-3789


Best Regards to You.
Bill