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 June 30, 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)

                                  June 30, 2003


<TABLE>
<CAPTION>

Assets
<S>                                                                          <C>
   Cash and cash equivalents                                                 $ 675
   Receivables and deposits                                                     234
   Other assets                                                               1,039
   Investment property:
       Land                                                   $ 6,357
       Buildings and related personal property                 78,451
                                                               84,808
       Less accumulated depreciation                          (48,883)       35,925
                                                                           $ 37,873
Liabilities and Partners' Deficit
Liabilities
   Accounts payable                                                          $ 281
   Tenant security deposit liabilities                                          240
   Accrued property taxes                                                       426
   Other liabilities                                                            660
   Mortgage notes payable                                                    56,748

Partners' Deficit:
   General partner                                            $ (1,459)
   Limited partners (566 units issued and outstanding)         (19,023)     (20,482)
                                                                           $ 37,873

                   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       Six Months Ended
                                                  June 30,                June 30,
                                              2003        2002        2003        2002
Revenues:
<S>                                        <C>         <C>         <C>         <C>
  Rental income                            $   3,145   $  3,222    $   6,268   $   6,467
  Other income                                   469        323          834         811
      Total revenues                           3,614      3,545        7,102       7,278

Expenses:
  Operating                                    1,113      1,030        2,450       2,205
  General and administrative                     112        120          252         250
  Depreciation                                   948        893        1,893       1,770
  Interest                                     1,075        950        2,157       1,902
  Property taxes                                 214        210          427         421
      Total expenses                           3,462      3,203        7,179       6,548

Net income (loss)                          $     152   $    342    $     (77)  $     730

Net income (loss) allocated to general
  partner (3%)                             $       5   $     10    $      (2)  $      22
Net income (loss) allocated to
  limited partners (97%)                         147        332          (75)        708

                                           $     152   $    342    $     (77)  $     730

Net income (loss) per limited
  partnership unit                         $  259.72   $ 586.57    $ (132.51)  $1,250.88
Distributions per limited partnership
  unit                                     $1,510.60   $     --    $2,515.90   $      --

                   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                              (21)       (1,424)      (1,445)

Net loss for the six months
   ended June 30, 2003                  --              (2)          (75)         (77)



Partners' deficit
   at June 30, 2003                    566         $(1,459)    $ (19,023)    $(20,482)


                   See Accompanying Notes to Financial Statements
</TABLE>


<PAGE>




                   RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                 (in thousands)
<TABLE>
<CAPTION>

                                                                  Six Months Ended
                                                                        June 30,
                                                                  2003         2002
Cash flows from operating activities:
<S>                                                               <C>          <C>
  Net (loss) income                                               $ (77)       $ 730
  Adjustments to reconcile net (loss) income to net cash
   provided by operating activities:
    Depreciation                                                   1,893        1,770
    Amortization of loan costs                                        24           21
    Change in accounts:
      Receivables and deposits                                        44          (42)
      Other assets                                                  (139)        (159)
      Accounts payable                                                45          (74)
      Tenant security deposit liabilities                              8          (59)
      Accrued property taxes                                         426          421
      Other liabilities                                             (208)         253
       Net cash provided by operating activities                   2,016        2,861

Cash flows from investing activities:
  Property improvements and replacements                            (918)      (1,272)
  Net withdrawals from restricted escrows                            916           --
       Net cash used in investing activities                          (2)      (1,272)

Cash flows from financing activities:
  Payments on mortgage notes payable                                (808)        (615)
  Advances from NHP                                                   --          156
  Payments on advances from NHP                                       --         (156)
  Distributions to partners                                       (1,445)          --
       Net cash used in financing activities                      (2,253)        (615)

Net (decrease) increase in cash and cash equivalents                (239)         974

Cash and cash equivalents at beginning of period                     914          249

Cash and cash equivalents at end of period                        $ 675       $ 1,223

Supplemental disclosure of cash flow information:
  Cash paid for interest                                         $ 2,133      $ 1,880

At  December  31,  2002  and  December  31,  2001,  property   improvements  and
replacements and accounts payable were adjusted by approximately  $639,000,  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 and six month
periods ended June 30, 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 which
is  subject  to a 6% annual  increase.  For 2003,  the  annual  partnership  and
investor service fee is approximately $264,000.

During  the six  months  ended June 30,  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  $279,000  and $287,000 for the six months ended
June 30, 2003 and 2002, respectively, which are included in operating expenses.

Affiliates of NHP received reimbursement of accountable  administrative expenses
amounting to  approximately  $321,000 and $411,000 for the six months ended June
30,   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 $187,000 for the six months ended June 30, 2003 and
2002,  respectively.  The  construction  management  service fees are calculated
based on a percentage of current additions to investment property.

In  accordance  with the  Partnership  Agreement,  NHP  loaned  the  Partnership
approximately  $156,000  during  the six  months  ended  June 30,  2002 to cover
capital  improvements.  Interest was charged at the prime rate plus 2%. Interest
expense was  approximately  $1,000 for the six months ended June 30,  2002.  The
Partnership  repaid the entire loan and accrued interest by June 30, 2002. There
were no such loans extended to the Partnership  during the six months ended June
30, 2003.

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
the six months  ended June 30,  2003 and 2002,  the  Partnership  was charged by
AIMCO and its affiliates approximately $167,000 and $202,000,  respectively, for
insurance coverage and fees associated with policy claims administration.

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.  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;  litigation,  including  costs  associated  with  prosecuting  and
defending  claims  and  any  adverse   outcomes,   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  investment  property is an apartment  complex known as
Riverside Park Apartments located in Fairfax County, Virginia. Average occupancy
for the six months ended June 30, 2003 and 2002 was 95% and 96%, respectively.

Results of Operations

The  Partnership's  net  loss  for  the six  months  ended  June  30,  2003  was
approximately  $77,000 as compared to net income of  approximately  $730,000 for
the six months ended June 30, 2002. The  Partnership's  net income for the three
months ended June 30, 2003 was approximately  $152,000 as compared to net income
of approximately $342,000 for the three months ended June 30, 2002. The decrease
in net income for the three  months ended June 30, 2003 is due to an increase in
total expenses,  partially offset by an increase in total revenues. The decrease
in net income for the six months  ended June 30,  2003 is due to an  increase in
total expenses and a decrease in total revenues.

Total  revenues  decreased  for the six  months  ended  June  30,  2003 due to a
decrease in rental  income,  partially  offset by an  increase in other  income.
Total  revenues  increased  for the three  months  ended June 30, 2003 due to an
increase  in other  income,  partially  offset by a decrease  in rental  income.
Rental income decreased  primarily due to decreases in occupancy and the average
rental rate at the  Partnership's  investment  property.  Other income increased
primarily due to increases in utility  reimbursements,  lease cancellation fees,
and  corporate  housing  income,  partially  offset by the receipt of  insurance
proceeds in 2002.  For the six months ended June 30, 2003, the increase in other
income  was  partially  offset by a decrease  in late  charges,  which  remained
relatively constant for the three months ended June 30, 2003.

The increase in total  expenses for both the three and six months ended June 30,
2003 is due to increases in operating,  depreciation and interest expenses.  The
increase  in total  expenses  for the  three  months  ended  June  30,  2003 was
partially  offset by a decrease in general and  administrative  expenses,  which
remained  relatively  constant for the six months ended June 30, 2003.  Property
tax expense remained relatively  constant for the comparable periods.  Operating
expenses increased primarily due to increases in utility,  contract maintenance,
and payroll related  expenses.  The increase in  depreciation  expense is due to
property  improvements  and  replacements  placed into  service  during the past
twelve months. The increase in interest expense is 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 decrease in general and  administrative  expenses for the three months ended
June 30, 2003 is primarily due to a decrease in the management reimbursements to
NHP and its affiliates allowed under the Partnership Agreement. Also included in
general and administrative  expenses for the three and six months ended June 30,
2003 and 2002 are the annual  partnership  and  investor  service fee as allowed
under the Partnership Agreement,  costs associated with the quarterly and annual
communications  with  investors and  regulatory  agencies,  and the annual audit
required by the Partnership Agreement.

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 June 30, 2003, the Partnership had cash and cash equivalents of approximately
$675,000, compared to approximately $1,223,000 at June 30, 2002. The decrease in
cash and cash  equivalents of  approximately  $239,000 from December 31, 2002 is
due to  approximately  $2,253,000  of cash  used  in  financing  activities  and
approximately $2,000 of cash used in investing  activities,  partially offset by
approximately $2,016,000 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  six  months  ended  June  30,  2003,  the   Partnership   completed
approximately  $279,000  of capital  improvements  at the  property,  consisting
primarily  of  interior  improvements,   major  landscaping,   heating  and  air
conditioning  upgrades,  swimming pool upgrades,  parking area resurfacing,  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
$267,000 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  $47,463,000 is being  amortized over 240 months
until the loan matures on July 1, 2020 at which time the loan is scheduled to 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 is scheduled to be fully amortized.

The Partnership  distributed  the following  amounts during the six months ended
June 30, 2003 and 2002 (in thousands, except per unit data):

<TABLE>
<CAPTION>

                      Six Months      Per Limited       Six Months      Per Limited
                    Ended June 30,    Partnership     Ended June 30,    Partnership
                         2003             Unit             2002             Unit
<S>                     <C>            <C>               <C>              <C>
Operations             $  347          $  595.41         $   --           $     --
Financing
Proceeds (1)            1,098           1,920.49             --                 --
  Total                $1,445          $2,515.90         $   --           $     --

(1) From proceeds from the second mortgage loan obtained in August 2002.
</TABLE>

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
June 30, 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 in exchange for cash or a combination of cash and
units in the operating  partnership of AIMCO either through private purchases or
tender offers.  Pursuant to the  Partnership  Agreement,  unitholders  holding a
majority of the Units are  entitled to take action with  respect to a variety of
matters that include,  but are not limited to,  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 and its affiliates
are  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.

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.  Any
concessions  given at the inception of the lease are amortized  over the life of
the lease.

Item 3.     Controls and Procedures

(a) Disclosure Controls and Procedures.  The Partnership's management,  with the
participation of 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,  has
evaluated  the  effectiveness  of  the  Partnership's  disclosure  controls  and
procedures (as such term is defined in Rules  13a-15(e) and 15d-15(e)  under the
Securities  Exchange Act of 1934, as amended (the "Exchange Act")) as of the end
of the period covered by this report.  Based on such  evaluation,  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 concluded that, as of the
end of such period,  the  Partnership's  disclosure  controls and procedures are
effective.

(b) Internal Control Over Financial  Reporting.  There have not been any changes
in the Partnership's  internal control over financial reporting (as such term is
defined in Rules  13a-15(f)  and  15d-15(f)  under the Exchange  Act) during the
fiscal quarter to which this report relates that have  materially  affected,  or
are reasonably likely to materially affect,  the Partnership's  internal control
over financial reporting.


<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 31.1  Certification of equivalent of Chief Executive Officer pursuant to
     Securities Exchange Act Rules  13a-14(a)/15d-14(a),  as Adopted Pursuant to
     Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 31.2  Certification of equivalent of Chief Financial Officer pursuant to
     Securities Exchange Act Rules  13a-14(a)/15d-14(a),  as Adopted Pursuant to
     Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 32.1  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 June 30, 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: August 13, 2003


<PAGE>


Exhibit 31.1


                                  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 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
      report;

3.    Based on my  knowledge,  the  financial  statements,  and other  financial
      information  included  in this  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 report;

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

      (a)   Designed such  disclosure  controls and  procedures,  or caused such
            disclosure   controls  and  procedures  to  be  designed  under  our
            supervision,  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 report is being prepared;

      (b)   Evaluated the effectiveness of the registrant's  disclosure controls
            and  procedures and presented in this report our  conclusions  about
            the effectiveness of the disclosure  controls and procedures,  as of
            the  end  of the  period  covered  by  this  report  based  on  such
            evaluation; and

      (c)   Disclosed  in this  report any change in the  registrant's  internal
            control  over   financial   reporting   that  occurred   during  the
            registrant's  most recent fiscal  quarter (the  registrant's  fourth
            fiscal  quarter in the case of an annual report) that has materially
            affected,   or  is  reasonably  likely  to  materially  affect,  the
            registrant's internal control over financial reporting; and

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

      (a)   All significant  deficiencies and material  weaknesses in the design
            or operation of internal control over financial  reporting which are
            reasonably  likely to adversely affect the  registrant's  ability to
            record, process, summarize and report financial information; and

      (b)   Any fraud,  whether or not  material,  that  involves  management or
            other  employees  who have a  significant  role in the  registrant's
            internal control over financial reporting.

Date:  August 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>


Exhibit 31.2


                                  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 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
      report;

3.    Based on my  knowledge,  the  financial  statements,  and other  financial
      information  included  in this  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 report;

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

      (a)   Designed such  disclosure  controls and  procedures,  or caused such
            disclosure   controls  and  procedures  to  be  designed  under  our
            supervision,  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 report is being prepared;

      (b)   Evaluated the effectiveness of the registrant's  disclosure controls
            and  procedures and presented in this report our  conclusions  about
            the effectiveness of the disclosure  controls and procedures,  as of
            the  end  of the  period  covered  by  this  report  based  on  such
            evaluation; and

      (c)   Disclosed  in this  report any change in the  registrant's  internal
            control  over   financial   reporting   that  occurred   during  the
            registrant's  most recent fiscal  quarter (the  registrant's  fourth
            fiscal  quarter in the case of an annual report) that has materially
            affected,   or  is  reasonably  likely  to  materially  affect,  the
            registrant's internal control over financial reporting; and

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

      (a)   All significant  deficiencies and material  weaknesses in the design
            or operation of internal control over financial  reporting which are
            reasonably  likely to adversely affect the  registrant's  ability to
            record, process, summarize and report financial information; and

      (b)   Any fraud,  whether or not  material,  that  involves  management or
            other  employees  who have a  significant  role in the  registrant's
            internal control over financial reporting.

Date:  August 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 32.1


                          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 June 30, 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:  August 13, 2003


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


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