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

                                   Form 10-QSB

(Mark One)
[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                   For the quarterly period ended March 31, 2003


[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934


                For the transition period from _________to _________

                         Commission file number 0-15740


                  RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP
             (Exact Name of Registrant as Specified in Its Charter)



         Delaware                                           04-2924048
(State or other jurisdiction of                          (I.R.S. Employer
 incorporation or organization)                         Identification No.)

                          55 Beattie Place, PO Box 1089
                        Greenville, South Carolina 29602
                    (Address of principal executive offices)

                                 (864) 239-1000
                           (Issuer's telephone number)



                         PART I - FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS



                   RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

                                  BALANCE SHEET
                                   (Unaudited)
                        (in thousands, except unit data)

                                 March 31, 2003

<TABLE>
<CAPTION>


Assets
<S>                                                                          <C>
   Cash and cash equivalents                                                 $  727
   Receivables and deposits                                                     226
   Restricted escrow                                                            342
   Other assets                                                                 894
   Investment property:
       Land                                                   $ 6,357
       Buildings and related personal property                 78,275
                                                               84,632
       Less accumulated depreciation                          (47,935)       36,697
                                                                           $ 38,886
Liabilities and Partners' Deficit
Liabilities
   Accounts payable                                                          $ 330
   Tenant security deposit liabilities                                          243
   Accrued property taxes                                                       213
   Other liabilities                                                            709
   Mortgage notes payable                                                    57,155

Partners' Deficit:
   General partner                                            $ (1,449)
   Limited partners (566 units issued and outstanding)         (18,315)     (19,764)
                                                                           $ 38,886


                   See Accompanying Notes to Financial Statements
</TABLE>



<PAGE>





                   RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)
                      (in thousands, except per unit data)


<TABLE>
<CAPTION>


                                                                 Three Months Ended
                                                                       March 31,
                                                                  2003         2002
Revenues:
<S>                                                            <C>          <C>
   Rental income                                               $   3,123    $   3,245
   Other income                                                      365          488
       Total revenues                                              3,488        3,733

Expenses:
   Operating                                                       1,337        1,175
   General and administrative                                        140          130
   Depreciation                                                      945          877
   Interest                                                        1,082          952
   Property taxes                                                    213          211
       Total expenses                                              3,717        3,345

Net (loss) income                                              $    (229)   $     388

Net (loss) income allocated to general partner (3%)            $      (7)   $      12
Net (loss) income allocated to limited partners (97%)               (222)         376
                                                               $    (229)   $     388

Net (loss) income per limited partnership unit                 $ (392.23)   $  664.31

Distributions per limited partnership unit                     $1,005.30    $      --




                   See Accompanying Notes to Financial Statements
</TABLE>



<PAGE>




                   RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

                    STATEMENT OF CHANGES IN PARTNERS' DEFICIT
                                   (Unaudited)
                        (in thousands, except unit data)



<TABLE>
<CAPTION>

                                     Limited
                                   Partnership     General      Limited
                                      Units        Partner      Partners      Total

<S>                                    <C>          <C>         <C>          <C>
Original capital contributions         566          $ --        $ 47,533     $ 47,533

Partners' deficit at
   December 31, 2002                   566         $(1,436)     $(17,524)    $(18,960)

Distributions to Partners                               (6)         (569)        (575)

Net loss for the three months
   ended March 31, 2003                 --              (7)         (222)        (229)



Partners' deficit
   at March 31, 2003                   566         $(1,449)    $ (18,315)    $(19,764)



                   See Accompanying Notes to Financial Statements
</TABLE>



<PAGE>




                   RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (in thousands)

<TABLE>
<CAPTION>

                                                                 Three Months Ended
                                                                       March 31,
                                                                     2003       2002
Cash flows from operating activities:
<S>                                                             <C>          <C>
  Net (loss) income                                             $   (229)    $    388
  Adjustments to reconcile net (loss) income to net cash
  provided by operating activities:
    Depreciation                                                     945          877
    Amortization of loan costs                                        12           10
    Change in accounts:
        Receivables and deposits                                      52          (70)
        Other assets                                                  18         (187)
        Due to affiliates                                             --          120
        Accounts payable                                              94           33
        Tenant security deposit liabilities                           11          (27)
        Accrued property taxes                                       213          211
        Other liabilities                                           (159)          39
           Net cash provided by operating activities                 957        1,394

Cash flows from investing activities:
    Property improvements and replacements                          (742)      (1,071)
    Net withdrawals from restricted escrows                          574           --
           Net cash used in investing activities                    (168)      (1,071)

Cash flows from financing activities:
    Payments on mortgage notes payable                              (401)        (304)
    Distributions to partners                                       (575)          --
           Net cash used in financing activities                    (976)        (304)

Net (decrease) increase in cash and cash equivalents                (187)          19

Cash and cash equivalents at beginning of period                     914          249

Cash and cash equivalents at end of period                      $    727     $    268

Supplemental disclosure of cash flow information:
  Cash paid for interest                                        $  1,070     $    941

At  December  31,  2002,  March  31,  2002,  and  December  31,  2001,  property
improvements   and   replacements   and  accounts   payable  were   adjusted  by
approximately  $639,000,  $299,000,  and $1,078,000  respectively,  for non-cash
activity.

                   See Accompanying Notes to Financial Statements
</TABLE>


<PAGE>




                   RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


Note A - Basis of Presentation

The  accompanying  unaudited  financial  statements of Riverside Park Associates
Limited  Partnership (the  "Partnership" or "Registrant")  have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information  and  with the  instructions  to Form  10-QSB  and  Item  310(b)  of
Regulation  S-B.  Accordingly,  they do not include all of the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial  statements.  The  general  partner  of the  Partnership  is  Winthrop
Financial  Associates,  A Limited  Partnership (the "General Partner" or "WFA").
NHP Management  Company  ("NHP"),  the associate  general partner of the General
Partner  and  an  affiliate  of  Apartment  Investment  and  Management  Company
("AIMCO"),  a publicly  traded real estate  investment  trust,  has the right to
cause the General Partner to take such action as it deems advisable with respect
to the  Partnership.  In the opinion of the  General  Partner,  all  adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation  have been included.  Operating  results for the three month period
ended March 31, 2003 are not  necessarily  indicative of the results that may be
expected for the fiscal year ending December 31, 2003. For further  information,
refer  to  the  financial  statements  and  footnotes  thereto  included  in the
Partnership's Annual Report on Form 10-KSB for the year ended December 31, 2002.

Note B - Transactions with Affiliated Parties

The  Partnership has no employees and is dependent on NHP and its affiliates for
the management and administration of all Partnership activities. The Partnership
Agreement  provides for certain  payments to affiliates  for services based on a
percentage  of revenue and an annual  partnership  and  investor  service fee of
$110,000  subject to a 6% annual  increase.  For 2003, the fee is  approximately
$264,000.

During the three  months ended March 31, 2003 and 2002,  affiliates  of NHP were
entitled  to  receive 4% of gross  receipts  from the  Partnership's  investment
property for providing  property  management  services.  The Partnership paid to
such affiliates  approximately  $137,000 and $140,000 for the three months ended
March 31, 2003 and 2002, respectively, which are included in operating expenses.

Affiliates of NHP received reimbursement of accountable  administrative expenses
amounting  to  approximately  $221,000  and  $365,000 for the three months ended
March 31,  2003 and  2002,  respectively,  which are  included  in  general  and
administrative  expenses and investment property.  Included in these amounts are
fees related to construction management services provided by an affiliate of NHP
of approximately  $91,000 and $245,000 for the three months ended March 31, 2003
and 2002, respectively.  The construction management service fees are calculated
based on a percentage of current additions to investment property.

The  Partnership  insures its  property up to certain  limits  through  coverage
provided by AIMCO which is  generally  self-insured  for a portion of losses and
liabilities  related to workers  compensation,  property  casualty  and  vehicle
liability.  The Partnership  insures its property above the AIMCO limits through
insurance policies obtained by AIMCO from insurers unaffiliated with NHP. During
2003 and 2002, the Partnership's cost for insurance coverage and fees associated
with policy claims  administration  provided by AIMCO and its affiliates will be
approximately $167,000 and $202,000.

Note C - Contingencies

The Partnership is unaware of any pending or outstanding  litigation that is not
of a routine nature arising in the ordinary course of business.



<PAGE>



ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The matters discussed in this report contain certain forward-looking statements,
including, without limitation, statements regarding future financial performance
and the effect of government  regulations.  The discussions of the  Registrant's
business  and  results  of  operations,   including  forward-looking  statements
pertaining to such matters,  do not take into account the effects of any changes
to the  Registrant's  business  and results of  operations.  Actual  results may
differ  materially  from those described in the  forward-looking  statements and
will  be  affected  by  a  variety  of  risks  and  factors  including,  without
limitation:  national and local economic  conditions;  the terms of governmental
regulations that affect the Registrant and interpretations of those regulations;
the competitive  environment in which the Registrant operates;  financing risks,
including the risk that cash flows from  operations may be  insufficient to meet
required  payments of  principal  and  interest;  real estate  risks,  including
variations  of real  estate  values and the  general  economic  climate in local
markets and competition for tenants in such markets; and possible  environmental
liabilities.   Readers  should  carefully  review  the  Registrant's   financial
statements and the notes thereto,  as well as the risk factors  described in the
documents  the  Registrant  files  from  time to time  with the  Securities  and
Exchange Commission.

The  Partnership's  sole asset is an apartment  complex known as Riverside  Park
Apartments located in Fairfax County, Virginia.  Average occupancy for the three
months ended March 31, 2003 and 2002 was 95% and 96%, respectively.

Results of Operations

The  Partnership's  net loss for the  three  months  ended  March  31,  2003 was
approximately  $229,000 as compared to net income of approximately  $388,000 for
the three months  ended March 31, 2002.  The decrease in net income is due to an
increase in total  expenses  and a decrease in total  revenues.  Total  expenses
increased due to increases in operating, depreciation,  interest and general and
administrative  expenses.  Property tax expense remained relatively constant for
the comparable  periods.  The increase in operating expenses is primarily due to
increases  in payroll  related  expenses,  contract  maintenance  expense,  snow
removal,  utility expenses, and advertising expense.  Interest expense increased
as a result  of a  second  mortgage  obtained  on the  Partnership's  investment
property  in 2002,  which  resulted in a larger debt  balance (as  discussed  in
"Liquidity  and Capital  Resources"),  partially  offset by scheduled  principal
payments resulting in a lower carrying balance of the first mortgage encumbering
the  property.   The  increase  in  depreciation  expense  is  due  to  property
improvements and replacements placed into service during the past twelve months.

General and administrative  expenses  increased  primarily due to an increase in
the annual partnership and investor service fee as allowed under the Partnership
Agreement.  Included in general and administrative expenses for the three months
ended  March  31,  2003 and 2002 are  management  reimbursements  to NHP and its
affiliates  as allowed  under the  Partnership  Agreement.  In  addition,  costs
associated  with the  quarterly  and annual  communications  with  investors and
regulatory  agencies and the annual audit required by the Partnership  Agreement
are also included.

Total  revenues  decreased  due to  decreases  in both rental and other  income.
Rental income decreased  primarily due to decreases in occupancy and the average
rental rate at the  Partnership's  investment  property.  The  decrease in other
income is primarily due to a decrease in utility reimbursements.

As part of the ongoing business plan of the Partnership, NHP monitors the rental
market  environment  of its  investment  property to assess the  feasibility  of
increasing rents,  maintaining or increasing occupancy levels and protecting the
Partnership  from  increases in expenses.  As part of this plan, NHP attempts to
protect  the  Partnership  from the  burden of  inflation-related  increases  in
expenses by increasing  rents and  maintaining a high overall  occupancy  level.
However,  due to  changing  market  conditions,  which can  result in the use of
rental  concessions and rental reductions to offset softening market conditions,
there is no guarantee that NHP will be able to sustain such a plan.

Liquidity and Capital Resources

At  March  31,  2003,  the  Partnership   had  cash  and  cash   equivalents  of
approximately  $727,000,  compared to approximately  $268,000 at March 31, 2002.
The  decrease  in cash and cash  equivalents  of  approximately  $187,000,  from
December 31, 2002,  is due to  approximately  $976,000 of cash used in financing
activities  and  approximately  $168,000 of cash used in  investing  activities,
partially  offset  by  approximately  $957,000  of cash  provided  by  operating
activities. Cash used in financing activities consisted of payments of principal
made on the mortgages  encumbering  the  Partnership's  investment  property and
distributions  to  partners.  Cash used in  investing  activities  consisted  of
property improvements and replacements, partially offset by net receipts from an
escrow account  maintained by the mortgage lender.  The Partnership  invests its
working capital reserves in interest bearing accounts.

The sufficiency of existing  liquid assets to meet future  liquidity and capital
expenditure   requirements   is  directly   related  to  the  level  of  capital
expenditures required at the property to adequately maintain the physical assets
and other operating needs of the Partnership, and to comply with Federal, state,
and local  legal and  regulatory  requirements.  The  General  Partner  monitors
developments in the area of legal and regulatory  compliance and is studying new
federal laws,  including the  Sarbanes-Oxley Act of 2002. The Sarbanes-Oxley Act
of 2002  mandates  or suggests  additional  compliance  measures  with regard to
governance,  disclosure,  audit, and other areas. In light of these changes, the
Partnership  expects that it will incur higher  expenses  related to compliance,
including increased legal and audit fees. Capital  improvements  planned for the
Partnership's investment property are as follows.

During  the  three  months  ended  March 31,  2003,  the  Partnership  completed
approximately  $103,000  of capital  improvements  at the  property,  consisting
primarily of interior  improvements,  major  landscaping,  heating  upgrades and
floor covering  replacement.  These improvements were funded from operations and
replacement reserves. The Partnership evaluates the capital improvement needs of
the property  during the year and  currently  expects to complete an  additional
$266,000 in capital  improvements  during the remainder of 2003.  The additional
capital  improvements  will consist  primarily of HVAC upgrades,  floor covering
replacement and building  improvements.  Additional capital  improvements may be
considered and will depend on the physical  condition of the property as well as
the anticipated cash flow generated by the property and replacement reserves.

The additional  capital  expenditures will be incurred only if cash is available
from operations or from  Partnership  reserves.  To the extent that such capital
improvements are completed,  the Partnership's  distributable cash flow, if any,
may be adversely affected at least in the short term.

The  Partnership's  assets are thought to be sufficient for any near-term  needs
(exclusive  of capital  improvements)  of the  Partnership.  The first  mortgage
indebtedness  of  approximately  $47,798,000 is being  amortized over 240 months
until  the loan  matures  on July 1,  2020 at which  time the loan will be fully
amortized. On August 2, 2002, the Partnership obtained a second mortgage loan on
its investment property in the amount of $9,500,000. The second mortgage carries
a stated interest rate of 6.50%.  Principal and interest  payments on the second
mortgage of approximately $75,000 are due monthly until the loan matures in July
2020, at which time the loan will be fully amortized.

The Partnership  distributed the following amounts during the three months ended
March 31, 2003 and 2002 (in thousands, except per unit data):

<TABLE>
<CAPTION>

                     Three Months         Per          Three Months         Per
                        Ended           Limited           Ended           Limited
                      March 31,       Partnership       March 31,       Partnership
                         2003             Unit             2002             Unit
Financing
<S>      <C>           <C>             <C>               <C>               <C>
Proceeds (1)           $  575          $1,005.30         $   --            $    --
</TABLE>

(1) From proceeds from the second mortgage loan obtained in August 2002.

The  Partnership's  cash  available  for  distribution  is reviewed on a monthly
basis. Future cash distributions will depend on the levels of net cash generated
from operations,  the availability of cash reserves,  and the timing of the debt
maturity,  refinancing and/or property sale. There can be no assurance, however,
that the  Partnership  will  generate  sufficient  funds from  operations  after
required  capital  expenditures  to permit any additional  distributions  to its
partners during the remainder of 2003 or subsequent periods.

Other

In addition to its indirect  ownership of the general  partner  interests in the
Partnership,  AIMCO and its affiliates  owned 382.91 limited  partnership  units
(the "Units") in the Partnership representing 67.65% of the outstanding Units at
March 31, 2003. A number of these Units were acquired  pursuant to tender offers
made by AIMCO or its  affiliates.  It is possible  that AIMCO or its  affiliates
will acquire additional units of limited partnership interest in the Partnership
in  exchange  for  cash or a  combination  of cash and  units  in the  operating
partnership of AIMCO either through  private  purchases or tender offers.  Under
the  Partnership  Agreement,  unitholders  holding a  majority  of the Units are
entitled to take action with respect to a variety of matters which would include
voting on certain  amendments to the Partnership  Agreement and voting to remove
the General  Partner.  As a result of its ownership of 67.65% of the outstanding
Units,  AIMCO is in a position to control all voting  decisions  with respect to
the Partnership.  Although the associate  general partner of the General Partner
owes fiduciary duties to the limited partners of the Partnership,  the associate
general partner of the General  Partner also owes fiduciary  duties to AIMCO, as
its sole stockholder.  As a result, the duties of the associate general partner,
as managing  general  partner,  to the Partnership and its limited  partners may
come into conflict with the duties of the associate general partner to AIMCO, as
its sole stockholder.

Critical Accounting Policies and Estimates

The financial  statements are prepared in accordance with accounting  principles
generally  accepted in the United States which require the  Partnership  to make
estimates and  assumptions.  The  Partnership  believes that of its  significant
accounting  policies,  the following may involve a higher degree of judgment and
complexity.


<PAGE>



Impairment of Long-Lived Assets

Investment property is recorded at cost, less accumulated  depreciation,  unless
considered  impaired.  If events or  circumstances  indicate  that the  carrying
amount of the property may be impaired,  the Partnership will make an assessment
of  its  recoverability  by  estimating  the  undiscounted  future  cash  flows,
excluding interest charges, of the property.  If the carrying amount exceeds the
aggregate future cash flows, the Partnership  would recognize an impairment loss
to the extent the carrying amount exceeds the fair value of the property.

Real  property  investments  are  subject  to varying  degrees of risk.  Several
factors  may  adversely  affect  the  economic  performance  and  value  of  the
Partnership's   investment  property.  These  factors  include  changes  in  the
national,  regional and local economic  climate;  local  conditions,  such as an
oversupply  of  multifamily   properties;   competition   from  other  available
multifamily  property  owners and changes in market  rental  rates.  Any adverse
changes in these factors could cause an impairment in the Partnership's assets.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less.
Rental income  attributable to leases is recognized  monthly as it is earned and
the Partnership  fully reserves all balances  outstanding  over thirty days. The
Partnership will offer rental concessions during  particularly slow months or in
response  to  heavy  competition  from  other  similar  complexes  in the  area.
Concessions are charged to income as incurred.

Item 3.     Controls and Procedures

The principal executive officer and principal financial officer of the associate
general partner, who are the equivalent of the Partnership's principal executive
officer and principal financial officer,  respectively,  have, within 90 days of
the filing date of this quarterly  report,  evaluated the  effectiveness  of the
Partnership's  disclosure  controls and  procedures  (as defined in Exchange Act
Rules 13a-14(c) and 15d-14(c)) and have determined that such disclosure controls
and  procedures  are  adequate.  There have been no  significant  changes in the
Partnership's  internal  controls or in other  factors that could  significantly
affect the  Partnership's  internal  controls since the date of evaluation.  The
Partnership does not believe any significant deficiencies or material weaknesses
exist in the Partnership's internal controls. Accordingly, no corrective actions
have been taken.


<PAGE>



                           PART II - OTHER INFORMATION



ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

      a) Exhibits:

      Exhibit     3.1 Riverside Park Associates Limited  Partnership Amended and
                  Restated Limited Partnership  Agreement,  dated July 15, 1986;
                  incorporated by reference to the Exhibits to the  Registrant's
                  Registration  Statement  on Form 10,  filed on April 29, 1987.
                  (Commission Partnership file number 0-15740).

      Exhibit     3.2  Certificate  of Limited  Partnership  of  Riverside  Park
                  Associates  Limited  Partnership,  filed with the Secretary of
                  State of Delaware May 14, 1986;  incorporated  by reference to
                  the exhibits to the  Registrant's  Annual Report filed on Form
                  10-K on March 30, 1988.

      Exhibit     3.3 Amendment to Amended and Restated Partnership Agreement of
                  Riverside Park Associates Limited Partnership dated August 23,
                  1995;  incorporated  by  reference  to  the  Exhibits  to  the
                  Registrant's  Annual  Report  filed on Form  10-KSB,  filed on
                  March 31, 1998.

      Exhibit     99  Certification  Pursuant  to 18  U.S.C.  Section  1350,  as
                  Adopted Pursuant to Section 906 of the  Sarbanes-Oxley  Act of
                  2002.

      b) Reports on Form 8-K:

      None filed during the quarter ended March 31, 2003.


<PAGE>


                                   SIGNATURES



In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.



                                   RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP


                                    By:   WINTHROP FINANCIAL ASSOCIATES,
                                          A LIMITED PARTNERSHIP,
                                          General Partner


                                    By:   NHP Management Company,
                                          Associate General Partner


                                    By:   /s/Patrick J. Foye
                                          Patrick J. Foye
                                          Executive Vice President

                                    By:   /s/Thomas C. Novosel
                                          Thomas C. Novosel
                                          Senior Vice President
                                          and Chief Accounting Officer

                                    Date: May 13, 2003


<PAGE>





                                  CERTIFICATION


I, Patrick J. Foye, certify that:


1. I have  reviewed  this  quarterly  report on Form  10-QSB of  Riverside  Park
Associates Limited Partnership;


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;


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;


4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:


      a)  Designed  such  disclosure  controls  and  procedures  to ensure  that
      material   information   relating  to  the   registrant,   including   its
      consolidated  subsidiaries,  is made  known to us by others  within  those
      entities, particularly during the period in which this quarterly report is
      being prepared;


      b) Evaluated the effectiveness of the registrant's disclosure controls and
      procedures  as of a date  within 90 days prior to the filing  date of this
      quarterly report (the "Evaluation Date"); and


      c)  Presented  in  this  quarterly   report  our  conclusions   about  the
      effectiveness  of the  disclosure  controls  and  procedures  based on our
      evaluation as of the Evaluation Date;


5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):


      a) All  significant  deficiencies  in the design or  operation of internal
      controls which could adversely affect the registrant's  ability to record,
      process,  summarize and report  financial data and have identified for the
      registrant's auditors any material weaknesses in internal controls; and


      b) Any fraud,  whether or not material,  that involves management or other
      employees  who  have  a  significant  role  in the  registrant's  internal
      controls; and


6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  May 13, 2003

                                /s/Patrick J. Foye
                                Patrick J. Foye
                                Executive   Vice  President  of  NHP  Management
                                Company,   equivalent  of  the  chief  executive
                                officer of the Partnership


<PAGE>


                                  CERTIFICATION


I, Paul J. McAuliffe, certify that:


1. I have  reviewed  this  quarterly  report on Form  10-QSB of  Riverside  Park
Associates Limited Partnership;


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;


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;


4.  The  registrant's  other  certifying  officers  and  I are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:


      a)  Designed  such  disclosure  controls  and  procedures  to ensure  that
      material   information   relating  to  the   registrant,   including   its
      consolidated  subsidiaries,  is made  known to us by others  within  those
      entities, particularly during the period in which this quarterly report is
      being prepared;


      b) Evaluated the effectiveness of the registrant's disclosure controls and
      procedures  as of a date  within 90 days prior to the filing  date of this
      quarterly report (the "Evaluation Date"); and


      c)  Presented  in  this  quarterly   report  our  conclusions   about  the
      effectiveness  of the  disclosure  controls  and  procedures  based on our
      evaluation as of the Evaluation Date;


5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation,  to the registrant's auditors and the audit committee of
registrant's   board  of  directors  (or  persons   performing   the  equivalent
functions):


      a) All  significant  deficiencies  in the design or  operation of internal
      controls which could adversely affect the registrant's  ability to record,
      process,  summarize and report  financial data and have identified for the
      registrant's auditors any material weaknesses in internal controls; and


      b) Any fraud,  whether or not material,  that involves management or other
      employees  who  have  a  significant  role  in the  registrant's  internal
      controls; and


6. The  registrant's  other  certifying  officers  and I have  indicated in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.


Date:  May 13, 2003

                                    /s/Paul J. McAuliffe
                                    Paul J. McAuliffe
                                    Executive Vice President and Chief Financial
                                    Officer   of   NHP    Management    Company,
                                    equivalent of the chief financial officer of
                                    the Partnership

<PAGE>



Exhibit 99


                          Certification of CEO and CFO
                       Pursuant to 18 U.S.C. Section 1350,
                             As Adopted Pursuant to
                   Section 906 of the Sarbanes-Oxley Act of 2002



In  connection  with the  Quarterly  Report  on Form  10-QSB of  Riverside  Park
Associates  Limited  Partnership (the  "Partnership"),  for the quarterly period
ended March 31, 2003 as filed with the Securities and Exchange Commission on the
date hereof (the  "Report"),  Patrick J. Foye,  as the  equivalent  of the chief
executive officer of the Partnership,  and Paul J. McAuliffe,  as the equivalent
of the chief  financial  officer  of the  Partnership,  each  hereby  certifies,
pursuant to 18 U.S.C.  Section 1350,  as adopted  pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

      (1)   The Report fully complies with the  requirements of Section 13(a) or
            15(d) of the Securities Exchange Act of 1934; and

      (2)   The  information  contained in the Report  fairly  presents,  in all
            material respects, the financial condition and results of operations
            of the Partnership.


                                           /s/Patrick J. Foye
                                    Name:  Patrick J. Foye
                                    Date:  May 13, 2003


                                           /s/Paul J. McAuliffe
                                    Name:  Paul J. McAuliffe
                                    Date:  May 13, 2003


This  certification  accompanies  the  Report  pursuant  to  Section  906 of the
Sarbanes-Oxley  Act of 2002 and shall not,  except to the extent required by the
Sarbanes-Oxley  Act of 2002, be deemed filed by the  Partnership for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.