IMPERIAL REALTY PARTNERSHIP, L.L.P.

Re: 2003 Tax Returns


SUMMARY PAGE

PLEASE SEE ATTACHED INCOME AND EXPENSES FOR BREAKDOWN

TOTAL RENTAL INCOME  $ 194,856.57 Mortgage Interest  $  30,395.11 Property Taxes  $  26,800.55 Interest on Taxes  $        487.90 Utilites  $    5,096.62 Plumbing Repairs  $  13,444.94 Paint & Carpentry  $  120,710.59 General Maint  $    11,533.23 Administrative Expense  $  48,064.23 DEPRECIATION  $    ?,???.?? NET LOSS  ($  61,676.60) + 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  04/02/03 Hudson City Savings   $  5,000.00  04/29/03 Hudson City Savings   $  5,000.00  05/05/03 Hudson City Savings   $  5,000.00  05/15/03 Hudson City Savings $  5,000.00  05/20/03 Hudson City Savings $  4,794.54  06/02/03 Hudson City Savings $  5,000.00  06/14/03 Hudson City Savings $  10,000.00  06/19/03 Hudson City Savings $  10,000.00  06/27/03 Hudson City Savings $  10,000.00  07/08/03 Hudson City Savings $  4,000.00  07/08/03 Hudson City Savings $  10,350.00  11/19/03 TOTAL DEPOSITS  $  84,144.54

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

12/31/02 $ 12.18

12/31/03 $ 7,063.99

MORTGAGE BALANCES, PLEASE SEE ATTACHED BREAKDOWN



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


Best Regards to You.
Bill