UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

(Mark one)

(X)  QUARTERLY  REPORT  PURSUANT TO SECTION 13 OR 15 (d) OF THE  SECURITIES  AND
     EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001

OR

( )  TRANSITION  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES AND
     EXCHANGE  ACT OF  1934  FOR  THE  TRANSITION  PERIOD  FROM  ___________  TO
     ___________

     COMMISSION FILE NUMBER 0-13415


                   CONSOLIDATED RESOURCES HEALTH CARE FUND II
             (Exact name of registrant as specified in its charter)



              Georgia                               58-1542125
   (State or other jurisdiction                  (I.R.S. Employer
 of incorporation or organization)              Identification No.)




 1175 Peachtree Street, Suite 850, Atlanta, GA                     31106
   (Address of principal executive offices)                      (Zip Code)



                                 (404) 873-1919
              (Registrant's telephone number, including area code)

Indicate  by check  mark  whether  the  registrant  (1) has  filed all reports
required  to be filed  by  Section  13 or 15(d) of the  Securities Exchange Act
of 1934  during the  preceding  12  months,  and (2) has been subject to such
filing requirements for the past 90 days. Yes [ ]  No [x]



<PAGE>

                          Part I. Financial Information

                   Consolidated Resources Health Care Fund II
                      Condensed Consolidated Balance Sheets




<TABLE>
<CAPTION>

                                                                June 30,
                                                                  2001       December 31,
                                                              (Unaudited)        2000
                                                              -----------    -----------
<S>                                                          <C>             <C>
ASSETS
Current assets:
     Cash and cash equivalents                                $ 1,452,482    $ 1,105,822
     Accounts receivable, net of allowance for doubtful                          356,586
     accounts of $11,947 and $6,304, respectively                 280,969
     Prepaid expenses and other                                      --            6,046
                                                              -----------    -----------
           Total current assets                                 1,733,451      1,468,454

Property and equipment
     Land                                                         178,609        178,609
     Buildings and improvements                                 7,024,408      6,976,479
     Equipment and furnishings                                  1,172,060      1,086,550
                                                              -----------    -----------
                                                                8,375,077      8,241,638

     Accumulated depreciation and amortization                 (5,753,825)    (5,509,461)
                                                              -----------    -----------
       Net property and equipment                               2,621,252      2,732,177
                                                              -----------    -----------
Other
     Restricted escrows and other deposits                        565,413        557,302
     Deferred loan costs, net of accumulated amortization
     of $16,941 and $16,423 respectively                           16,165         16,683
                                                              -----------    -----------
       Total other assets                                         581,578        573,985
                                                              -----------    -----------

                                                              $ 4,936,281    $ 4,774,616
                                                              ===========    ===========

</TABLE>

See accompanying notes to condensed consolidated financial statements.



<PAGE>

<TABLE>
<CAPTION>

                                                               June 30, 2001   December 31,
                                                                (Unaudited)        2000
                                                                -----------    -----------
<S>                                                            <C>             <C>
LIABILITIES AND PARTNERS' EQUITY (DEFICIT)
Current liabilities:
   Current maturities of long-term debt                         $    94,102    $    90,464
   Accounts payable                                                 130,604         67,735
   Accrued expenses                                                 485,584        488,313
   Accrued management fees                                          394,918        394,918
   Due to related party                                                --           15,913
   Deposit liabilities                                               99,744         88,261
                                                                -----------    -----------

      Total current liabilities                                   1,204,952      1,145,604
                                                                -----------    -----------

Long-term obligations, less current maturities                    3,817,807      3,866,168
                                                                -----------    -----------

      Total liabilities                                           5,022,759      5,011,772
                                                                -----------    -----------

Partners' equity (deficit):
   Limited partners                                                  84,549       (60,102)
   General partners                                               (171,027)      (177,054)
                                                                -----------    -----------
      Total partners' equity (deficit)                             (86,478)      (237,156)
                                                                -----------    -----------

                                                                $ 4,936,281    $ 4,774,616
                                                                ===========    ===========

</TABLE>


See accompanying notes to condensed consolidated financial statements.





<PAGE>

                   Consolidated Resources Health Care Fund II
                 Condensed Consolidated Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>


                                              Three months ended           Six Months ended
                                                   June 30,                      June 30,
                                               2001          2000          2001         2000
                                            ----------   -----------    ----------   ----------
<S>                                         <C>          <C>            <C>          <C>
Revenue:
   Operating revenues                       $2,051,073   $ 1,732,734    $3,970,921   $3,514,404
   Interest income                              12,165        13,247        26,690       26,166
                                            ----------   -----------    ----------   ----------
      Total revenue                          2,063,238     1,745,981     3,997,611    3,540,570
                                            ----------   -----------    ----------   ----------

Expenses:
   Operating expenses                        1,710,065     1,580,678     3,401,505    3,070,768
   Depreciation & amortization                 125,821       119,936       244,883      239,365
   Interest                                     73,598        75,471       147,751      151,234
   Partnership administration costs             19,675        29,177        52,794       58,214
                                            ----------   -----------    ----------   ----------

      Total expenses                         1,929,159     1,805,262     3,846,933    3,519,581
                                            ----------   -----------    ----------   ----------

Net income (loss)                           $  134,079   $   (59,281)   $  150,678   $   20,989
                                            ==========   ===========    ==========   ==========

Net income (loss) per L.P. unit             $     8.58   $     (3.79)   $     9.64   $     1.34
                                            ==========   ===========    ==========   ==========

L.P. units outstanding                          15,000        15,000        15,000       15,000
                                            ==========   ===========    ==========   ==========

</TABLE>



See accompanying notes to condensed consolidated financial statements.




<PAGE>



                   Consolidated Resources Health Care Fund II
                 Condensed Consolidated Statements of Cash Flows
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                        Six months ended June 30,
                                                          2001           2000
                                                        -----------    -----------
<S>                                                     <C>            <C>
Operating Activities:
  Cash received from residents and government            4,046,538      3,458,868
  agencies
  Cash paid to suppliers and employees                  (3,384,741)    (3,409,652)
  Interest received                                         26,690         26,166
  Interest paid                                           (147,751)      (151,234)

  Cash provided by (used in) operating activities          540,736        (75,852)
                                                       -----------    -----------

Investing Activities:
  Additions to property and equipment                     (133,440)       (49,161)
                                                       -----------    -----------

Financing Activities:
  Principal payments on long-term debt                     (44,723)       (41,535)
  Decrease in amount due to related party                  (15,913)          (594)
                                                       -----------    -----------
  Cash used in financing activities                        (60,636)       (42,129)
                                                       -----------    -----------

Net increase (decrease) in cash and cash equivalents       346,660       (167,142)
Cash and cash equivalents, beginning of period           1,105,822      1,161,934
                                                       -----------    -----------
Cash and cash equivalents, end of period               $ 1,452,482    $   994,792
                                                       ===========    ===========

</TABLE>
See accompanying notes to condensed consolidated financial statements.


<PAGE>

                   Consolidated Resources Health Care Fund II
                 Condensed Consolidated Statements of Cash Flows
                                   (Unaudited)

                                                       Six months ended June 30,
                                                         2001             2000
                                                         ----             ----
Reconciliation of Net Income to cash
Provided by (used in) Operating Activities:
  Net income                                          $ 150,678      $  20,989
     Depreciation and amortization                      244,883        239,365

     Changes in assets and liabilities:
        Accounts receivable                              75,616        (55,536)
        Restricted escrows                               (8,111)      (138,969)
        Other current assets                              6,046         10,603
        Accounts payable and accrued liabilities         71,623       (152,304)

                                                     -----------     ----------
  Cash provided by (used in) operating activities     $ 540,736      $ (75,852)
                                                     ===========     ==========



See accompanying notes to condensed consolidated financial statements.



<PAGE>

                   CONSOLIDATED RESOURCES HEALTH CARE FUND II
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                                  June 30, 2001


NOTE 1.

The financial statements are unaudited and reflect all adjustments
(consisting only of normal recurring adjustments) which are, in the opinion
of management, necessary for a fair presentation of the financial position
and operating results of Consolidated Resources Health Care Fund II (the
"Partnership") for the interim periods. The results of operations for the
three and six month periods ended June 30, 2001, are not necessarily
indicative of the results to be expected for the year ending December 31,
2001.

NOTE 2.

The consolidated financial statements should be read in conjunction
with the consolidated financial statements and the notes thereto contained
in the Partnership's Annual Report on Form 10-K for the year ended December
31, 2000, as filed with the Securities and Exchange Commission, a copy of
which is available upon request by writing to WelCare Service
Corporation-II at Post Office Box 8779, Atlanta, Georgia 31106.

NOTE 3.

A summary of compensation paid to or accrued for the benefit of the
Partnership's general partners and their affiliates and amounts reimbursed
for costs incurred by these parties on the behalf of the Partnership are as
follows:

                                                Six months ended June 30,
                                                  2001           2000
                                                  ----           ----
Charged to operating expenses:
Property management and oversight
management fees...........................       $39,675        $33,730

Financial accounting, data processing,
tax reporting, legal and compliance,
investor relations and supervision
of outside services.......................       $52,794        $58,214







<PAGE>






ITEM 2    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

Certain statements contained in this Management Discussion and Analysis are not
based on historical facts, but are forward-looking statements that are based
upon numerous assumptions about future conditions that may ultimately prove to
be inaccurate. Actual events and results may materially differ from anticipated
results described in such statements.  The Partnership's ability to achieve
such results is subject to certain risks and uncertainties. Such risks and
uncertainties include, but are not limited to, additional changes in healthcare
reimbursement systems and rates, the availability of capital and financing,
changes to amounts recorded as revenues due to final resolution of amounts due
to and from third-party payors, and other factors affecting the Partnership's
business that may be beyond its control.

At June 30, 2001, the Partnership had two general partners (the "General
Partners"), Consolidated Associates II ("CA-II") and WelCare Service
Corporation-II, as managing general partner ("WSC-II" or the "Managing General
Partner").

Results of Operations

Revenues:
--------

Operating revenue increased by $318,339 for the quarter ended June 30,
2001 as compared to the same period for the prior year and by $456,517 for
the six months ended June 30, 2001 as compared to the same period for the
prior year. These increases are primarily attributable to increases in
overall occupancy at both facilities during the six-month period as well as
improved quality mix at the nursing center in the private pay and Medicare
categories. Medicare and managed care rates at the nursing center also
improved. Occupancy levels at the retirement facility were the best
achieved over the past four quarters despite continued heavy competition in
the market. At June 30, 2001 the occupancy rate at the retirement facility
was 89.7%, an improvement of 3.2 occupied units compared to the prior
quarter, and the occupancy rate of the nursing facility was 95.1%,
approximately 3% better than the prior quarter.

Expenses:
--------

Operating expenses increased by $129,387 for the quarter ended June 30, 2001 as
compared to the same period for the prior year and increased by $330,737 for the
six months ended June 30, 2001 as compared to the same period for the prior
year. The increase is primarily due to increased labor expenses due to increased
services for residents, an increase in the need for contract services and supply
and utility costs increases at the facilities, offset in part by decreases in
labor and contract services costs at the nursing center. For the period ended
June 30, 2001, total salary costs increased by $58,698 at the nursing facility
and $22,874 at the retirement facility.

Liquidity and Capital Resources:
-------------------------------

At June 30, 2001, the Partnership held cash and cash equivalents of $1,452,482,
an increase of $187,739 from March 31, 2001. The current cash balance will be
necessary to meet the Partnership's current obligations and for operating
reserves. In addition, cash balances maintained at the Partnership's two
facilities must be maintained in accordance with operating reserves established
by HUD.

The Partnership's two facilities produced sufficient revenues to meet their
operating and debt service obligations. Management believes that these
facilities will produce positive cash flow in 2001; however, no assurance can be
given that the facilities will produce positive cash flow if revenues decline.

As of June 30, 2001, the Partnership was not obligated to perform any major
capital expenditures or renovations. The Managing General Partner anticipates
that any repairs, maintenance or capital expenditures will be financed with cash
reserves, HUD replacement reserves ($376,541 at June 30, 2001) and cash flow
from operations.

Significant changes have and will continue to be made in government
reimbursement programs, and such changes could have a material impact on future
reimbursement formulas. The Balance Budget Act of 1997 has targeted the Medicare
program for reductions in spending growth for skilled nursing facilities over
the next five years, primarily through the implementation of the prospective
payment system ("PPS") reimbursement system. The Partnership's nursing facility
changed to the PPS reimbursement system on January 1, 1999. Management believes
that continued and increased reductions in therapy costs, the use of general
purchasing agents and other expense reduction measures should in part offset the
effect of any rate reductions arising from the PPS reimbursement system. The
Partnership can give no assurance that payments under such program in the future
will remain at a level comparable to the present level or increase, and
decreases in the level of payments could have a material adverse effect on the
Partnership.

ITEM 3   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Partnership has not entered into any transactions using derivative financial
instruments or other market risk sensitive instruments and believes that its
exposure to market risk associated with other financial instruments (such as
investments and borrowings) and interest rate risk is not material.

                           Part II - Other Information

ITEM 6   EXHIBITS AND REPORTS ON FORM 8-K

Exhibit 99.1      Certification Pursuant to 18 U.S.C. Section 1350, as adopted
                  pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



<PAGE>





                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                         CONSOLIDATED RESOURCES HEALTH CARE FUND II

                         By:  WELCARE SERVICE CORPORATION - II
                              Managing General Partner


Date:  April 22, 2003         By:/s/ John F. McMullan
                                 ------------------------
                                 John F. McMullan
                                 Chief Financial Officer



Date:  April 22, 2003          By:/s/ Marilyn McMullan
                                  ------------------------
                                  Marilyn McMullan
                                  Assistant Secretary

<PAGE>

                                  CERTIFICATION

I, John F. McMullan, certify that:

          1. I have reviewed this quarterly  report on Form 10-Q of Consolidated
Resources Health Care Fund II;

          2. Based on my knowledge, this quarterly report does not contain any
untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period
covered by this quarterly report; and

          3. Based on my knowledge, the financial statements, and other
financial information included in this quarterly report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this quarterly
report.



Date:  April 22, 2003                    By: /s/ John M. McMullan
                                             ------------------------
                                             John F. McMullan
                                             Chief Financial Officer (chief
                                             executive and chief financial
                                             officer of the Partnership)