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

                                   Form 10-QSB

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

              For the quarterly period ended September 30, 2005


[ ]   TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT


             For the transition period from _________to _________

                         Commission file number 0-15740


                RIVERSIDE PARK  ASSOCIATES  LIMITED  PARTNERSHIP
        (Exact name of small business issuer 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)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the  registrant  was required to file such reports) and (2) has been
subject to such filing requirements for the past 90 days.
Yes  X   No ___

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) Yes __ No X_

<PAGE>

                         PART I - FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS



                RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

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

                               September 30, 2005

<TABLE>
<CAPTION>


Assets
<S>                                                                          <C>
   Cash and cash equivalents                                                 $  489
   Receivables and deposits                                                     239
   Other assets                                                                 998
   Investment property:
       Land                                                   $ 6,357
       Buildings and related personal property                 83,046
                                                               89,403
       Less accumulated depreciation                          (57,494)       31,909
                                                                           $ 33,635
Liabilities and Partners' Deficit
Liabilities
   Accounts payable                                                          $ 440
   Tenant security deposit liabilities                                          216
   Accrued property taxes                                                       216
   Other liabilities                                                            606
   Due to affiliates (Note B)                                                 1,152
   Mortgage notes payable                                                    52,715

Partners' Deficit:
   General partner                                            $ (1,496)
   Limited partners (566 units issued and outstanding)         (20,214)     (21,710)
                                                                           $ 33,635

                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       Nine Months Ended
                                                September 30,            September 30,
                                               2005        2004        2005        2004
Revenues:
<S>                                        <C>          <C>         <C>         <C>
  Rental income                            $    2,856   $   3,273   $   9,072   $   9,453
  Other income                                    376         406       1,185       1,183
      Total revenues                            3,232       3,679      10,257      10,636

Expenses:
  Operating                                     1,273       1,324       3,809       3,755
  General and administrative                      125         116         369         367
  Depreciation                                    952         964       2,880       2,886
  Interest                                        653       1,035       2,617       3,129
  Property taxes                                  121         248         583         672
      Total expenses                            3,124       3,687      10,258      10,809

Net income (loss)                          $      108   $      (8)  $      (1)  $    (173)

Net income (loss) allocated to
  general partner (3%)                     $        3   $      --   $      --   $      (5)
Net income (loss) allocated to
  limited partners (97%)                          105          (8)         (1)       (168)

                                           $      108   $      (8)  $      (1)  $    (173)

Net income (loss) per limited
  partnership unit                         $   185.51   $  (14.13)  $   (1.77)  $ (296.82)
Distributions per limited
  partnership unit                         $       --   $      --   $      --   $2,030.04

                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, 2004                   566         $(1,496)     $(20,213)    $(21,709)

Net loss for the nine months
   ended September 30, 2005             --              --            (1)          (1)

Partners' deficit
   at September 30, 2005               566         $(1,496)     $(20,214)    $(21,710)

                See Accompanying Notes to Financial Statements
</TABLE>



<PAGE>



                RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

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

                                                                 Nine Months Ended
                                                                   September 30,
                                                                   2005       2004
Cash flows from operating activities:
<S>                                                               <C>        <C>
  Net loss                                                        $ (1)      $ (173)
  Adjustments to reconcile net loss to net cash
   provided by operating activities:
    Depreciation                                                   2,880       2,886
    Amortization of loan costs                                        36          36
    Change in accounts:
      Receivables and deposits                                       (33)         33
      Other assets                                                  (144)       (153)
      Accounts payable                                               347         124
      Tenant security deposit liabilities                             (5)          4
      Accrued property taxes                                         216         212
      Other liabilities                                                5         (68)
      Due to affiliates                                              289          --
       Net cash provided by operating activities                   3,590       2,901

Cash flows used in investing activities:
  Property improvements and replacements                          (2,770)       (754)

Cash flows from financing activities:
  Payments on mortgage notes payable                              (1,420)     (1,318)
  Advances from affiliate                                            513          --
  Distributions to partners                                           --      (1,185)
       Net cash used in financing activities                        (907)     (2,503)

Net decrease in cash and cash equivalents                            (87)       (356)

Cash and cash equivalents at beginning of period                     576         973

Cash and cash equivalents at end of period                       $ 489        $ 617

Supplemental disclosure of cash flow information:
  Cash paid for interest                                        $ 2,992      $ 3,093

Supplemental disclosure of non-cash activity:
  Property improvements and replacements included in
    accounts payable                                              $ 89        $ --

At December  31,  2004 and 2003,  property  improvements  and  replacements  and
accounts   payable  were  adjusted  by   approximately   $314,000  and  $16,000,
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. In the opinion of AIMCO/Riverside Park Associates, GP, LLC
("AIMCO  GP"  or  the  "General  Partner"),  a  wholly-owned  subsidiary  of NHP
Management  Company  ("NHP"),  all adjustments  (consisting of normal  recurring
accruals)  considered  necessary  for a fair  presentation  have been  included.
Operating  results for the three and nine month periods ended September 30, 2005
are not  necessarily  indicative  of the results  that may be  expected  for the
fiscal year ending  December 31,  2005.  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, 2004. AIMCO GP and NHP are
affiliates of Apartment Investment and Management Company ("AIMCO"),  a publicly
traded real estate investment trust.

On December 11, 2003, NHP, a Delaware corporation, entered into a Redemption and
Contribution  Agreement (the "Agreement") with Winthrop Financial Associates,  A
Limited Partnership, a Maryland limited partnership, ("Winthrop"), which was the
previous general partner of the Partnership,  with respect to the acquisition of
its general partner interest in the Partnership (the "GP Interest").

As of the time of the  execution  of the  Agreement  and until  such time as the
transfer of the GP Interest  from  Winthrop to AIMCO GP was  effective,  NHP was
vested with the authority to, subject to certain limitations,  cause Winthrop to
take such actions as it deemed  necessary and  advisable in connection  with the
activities of the Partnership.  The transfer of the GP Interest from Winthrop to
AIMCO GP became  effective on April 30, 2004. As used herein,  the term "General
Partner" shall mean Winthrop,  with respect to matters  occurring prior to April
30, 2004 and AIMCO GP for matters occurring from and after April 30, 2004.

Note B - Transactions with Affiliated Parties

The  Partnership  has no employees and depends 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 2005  and  2004,  the  annual
partnership and investor service fee is estimated at approximately  $296,000 and
$279,000, respectively.

Affiliates of NHP receive 4% of gross receipts from the Partnership's investment
property  as  compensation  for  providing  property  management  services.  The
Partnership paid to such affiliates  approximately $412,000 and $420,000 for the
nine months ended September 30, 2005 and 2004, respectively,  which are included
in operating expenses.

Affiliates  of NHP charged the  Partnership  for  reimbursement  of  accountable
administrative expenses amounting to approximately $354,000 and $329,000 for the
nine months ended September 30, 2005 and 2004, respectively,  which are included
in general and administrative  expenses and investment  property.  These amounts
include the annual  partnership and investor  service fee discussed  above.  The
portion of these  reimbursements  included in  investment  property for the nine
months  ended  September  30,  2005 and 2004 are fees  related  to  construction
management services provided by an affiliate of NHP of approximately $10,000 and
$1,000,  respectively.  The construction  management service fees are calculated
based on a percentage  of additions to  investment  property.  At September  30,
2005,  approximately  $317,000 was owed to affiliates for unpaid  reimbursements
and is included in due to affiliates.

In accordance with the Partnership  Agreement,  an affiliate of NHP advanced the
Partnership   approximately  $176,000  to  fund  the  redevelopment  project  at
Riverside Park Apartments (as discussed in "Item 2. Management's  Discussion and
Analysis or Plan of  Operation")  and  approximately  $337,000  to fund  routine
capital improvements during the nine months ended September 30, 2005. During the
fourth   quarter  of  2004,  an  affiliate  of  NHP  advanced  the   Partnership
approximately  $287,000 to fund capital  improvements.  Interest  accrues at the
prime  rate  plus 2%  (8.75%  at  September  30,  2005).  Interest  expense  was
approximately $35,000 for the nine months ended September 30, 2005. At September
30,  2005,  the amount of the  outstanding  advances  and accrued  interest  was
approximately $835,000 and is included in due to affiliates.  There were no such
advances  made by affiliates  of NHP to the  Partnership  during the nine months
ended September 30, 2004.  Subsequent to September 30, 2005, an affiliate of NHP
advanced the Partnership approximately $256,000 to fund operating expenses.

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,  general
liability 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 nine months ended September 30, 2005 and 2004,
the Partnership was charged by AIMCO and its affiliates  approximately  $164,000
and $156,000,  respectively,  for insurance  coverage and fees  associated  with
policy claims administration.

Note C - Redevelopment of Property

In March  2005,  the  Partnership  began a major  redevelopment  project  at the
property.  The property has had difficulty  staying  competitive and needs to be
updated.  Therefore,  in an effort to remain  competitive in the Fairfax area, a
significant   redevelopment   project  has  been   started.   Based  on  current
redevelopment  plans,  NHP expects the  redevelopment to be complete in February
2009 at a total  cost of  approximately  $80,000,000.  During  the  construction
period,  certain  expenses  are  being  capitalized  and  depreciated  over  the
remaining life of the property. During the nine months ended September 30, 2005,
approximately $431,000 of interest,  approximately $64,000 of real estate taxes,
and  approximately  $91,000 of other  construction  period  operating costs were
capitalized.

Note D - Contingencies

AIMCO Properties L.P. and NHP Management Company, both affiliates of the General
Partner,  are defendants in a lawsuit alleging that they willfully  violated the
Fair Labor Standards Act ("FLSA") by failing to pay maintenance workers overtime
for all hours worked in excess of forty per week.  The  complaint,  filed in the
United States  District Court for the District of Columbia,  attempts to bring a
collective  action  under  the FLSA and seeks to  certify  state  subclasses  in
California, Maryland, and the District of Columbia. Specifically, the plaintiffs
contend  that  AIMCO  Properties  L.P.  and NHP  Management  Company  failed  to
compensate maintenance workers for time that they were required to be "on-call".
Additionally,  the complaint  alleges AIMCO  Properties  L.P. and NHP Management
Company failed to comply with the FLSA in compensating  maintenance  workers for
time  that they  worked in excess of 40 hours in a week.  In June 2005 the Court
conditionally  certified the collective  action on both the on-call and overtime
issues,  which allows the plaintiffs to provide notice of the collective  action
to all non-exempt  maintenance  workers from August 7, 2000 through the present.
Those  employees will have the  opportunity to opt-in to the collective  action,
and AIMCO Properties,  L.P. and NHP Management Company will have the opportunity
to move to decertify the collective action. Because the court denied plaintiffs'
motion to certify state subclasses,  on September 26, 2005, the plaintiffs filed
a class action with the same  allegations  in the Superior  Court of  California
(Contra  Costa  County).  Although the outcome of any  litigation  is uncertain,
AIMCO  Properties,  L.P. does not believe that the ultimate  outcome will have a
material  adverse effect on its consolidated  financial  condition or results of
operations.  Similarly,  the General  Partner does not believe that the ultimate
outcome  will have a  material  adverse  effect on the  Partnership's  financial
condition or results of operations.

The  Partnership  is unaware  of any other  pending  or  outstanding  litigation
matters involving it or its investment property that are not of a routine nature
arising in the ordinary course of business.

Environmental

Various  Federal,  state and local laws subject  property owners or operators to
liability for management,  and the costs of removal or  remediation,  of certain
hazardous  substances  present on a property.  Such laws often impose  liability
without regard to whether the owner or operator knew of, or was responsible for,
the release or presence of the  hazardous  substances.  The  presence of, or the
failure to manage or remedy properly,  hazardous substances may adversely affect
occupancy at affected  apartment  communities and the ability to sell or finance
affected properties.  In addition to the costs associated with investigation and
remediation  actions  brought by government  agencies,  and  potential  fines or
penalties  imposed by such  agencies in  connection  therewith,  the presence of
hazardous  substances on a property could result in claims by private plaintiffs
for personal injury, disease, disability or other infirmities. Various laws also
impose  liability for the cost of removal,  remediation or disposal of hazardous
substances  through a  licensed  disposal  or  treatment  facility.  Anyone  who
arranges for the disposal or treatment of hazardous  substances  is  potentially
liable  under such laws.  These laws often impose  liability  whether or not the
person arranging for the disposal ever owned or operated the disposal  facility.
In connection with the ownership,  operation and management of its property, the
Partnership could  potentially be liable for environmental  liabilities or costs
associated with its property.

Mold

The Partnership is aware of lawsuits  against owners and managers of multifamily
properties asserting claims of personal injury and property damage caused by the
presence of mold, some of which have resulted in substantial  monetary judgments
or settlements. The Partnership has only limited insurance coverage for property
damage loss claims  arising from the  presence of mold and for  personal  injury
claims related to mold exposure.  Affiliates of NHP have  implemented a national
policy and  procedures to prevent or eliminate  mold from its properties and NHP
believes  that these  measures will minimize the effects that mold could have on
residents.  To date,  the  Partnership  has not incurred  any material  costs or
liabilities  relating to claims of mold  exposure  or to abate mold  conditions.
Because the law  regarding  mold is unsettled and subject to change NHP can make
no assurance that liabilities resulting from the presence of or exposure to mold
will not have a material adverse effect on the Partnership's financial condition
or results of operations.

SEC Investigation

The  Central  Regional  Office of the  United  States  Securities  and  Exchange
Commission (the "SEC")  continues its formal  investigation  relating to certain
matters.  Although  the staff of the SEC is not limited in the areas that it may
investigate,  AIMCO believes the areas of  investigation  have included  AIMCO's
miscalculated   monthly  net  rental  income  figures  in  third  quarter  2003,
forecasted  guidance,  accounts  payable,  rent  concessions,   vendor  rebates,
capitalization of payroll and certain other costs, tax credit transactions,  and
tender offers for limited  partnership  interests.  AIMCO is cooperating  fully.
AIMCO is not able to predict when the investigation will be resolved. AIMCO does
not believe that the ultimate outcome will have a material adverse effect on its
consolidated financial condition or results of operations.  Similarly,  NHP does
not believe that the ultimate outcome will have a material adverse effect on the
Partnership's financial condition or results of operations.


<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  asset  is a 1,229  unit  apartment  complex  known  as
Riverside Park Apartments located in Fairfax County, Virginia. Average occupancy
for the  nine  months  ended  September  30,  2005  and  2004  was 87% and  94%,
respectively.   NHP   attributes  the  decrease  in  occupancy  to  the  current
redevelopment project at the property (as discussed in "Results of Operations").

The  Partnership's  financial  results depend upon a number of factors including
the ability to attract and maintain tenants at the investment property, interest
rates on mortgage  loans,  costs  incurred to operate the  investment  property,
general economic conditions and weather. 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,  NHP  may  use  rental
concessions and rental rate reductions to offset  softening  market  conditions;
accordingly, there is no guarantee that NHP will be able to sustain such a plan.
Further,  a number of factors  that are outside  the control of the  Partnership
such as the local  economic  climate  and weather can  adversely  or  positively
affect the Partnership's financial results.

Results of Operations

The Partnership  reported net income of  approximately  $108,000 and net loss of
approximately  $1,000 for the three and nine months  ended  September  30, 2005,
respectively.  The  Partnership  reported net loss of  approximately  $8,000 and
$173,000 for the three and nine months ended  September 30, 2004,  respectively.
The decrease in net loss for both the three and nine months ended  September 30,
2005 is due to a decrease in total expenses,  partially  offset by a decrease in
total  revenues.  The  decrease in total  expenses  for the three  months  ended
September 30, 2005 is due to decreases in  operating,  interest and property tax
expenses. The decrease in total expenses for the nine months ended September 30,
2005 is due to  decreases in both  interest and property tax expense,  partially
offset by an increase in operating expenses. Both general and administrative and
depreciation  expenses remained  relatively constant for both the three and nine
months  ended  September  30, 2005.  The  decrease in interest  expense for both
periods is due to scheduled  principal  payments  resulting in a lower  carrying
balance of the mortgages  encumbering  the property and interest  capitalized at
the property due to the  redevelopment  project  which  required 184 units to be
vacated at September 30, 2005 in order to expedite  redevelopment  (as discussed
below),  partially offset by an increase in interest expense on advances from an
affiliate  of NHP.  The decrease in property tax expense for both periods is due
to the timing and receipt of the tax bill, which affected the tax accrual at the
Partnership's  investment  property  and real estate  taxes  capitalized  at the
property as a result of the  redevelopment  project.  The  decrease in operating
expenses  for the three  months ended  September  30, 2005 is  primarily  due to
operating  costs  capitalized  as a result of the  redevelopment  project  and a
decrease in contract  maintenance  expense,  partially  offset by an increase in
utility  expenses at the  property.  The increase in operating  expenses for the
nine months ended  September  30, 2005 is primarily  due to increases in utility
and  payroll  related  expenses,  partially  offset by a  decrease  in  contract
services  and an  increase in  operating  costs  capitalized  as a result of the
redevelopment project at the property.

The decrease in total revenues for the three months ended  September 30, 2005 is
due to decreases in both rental and other income. The decrease in total revenues
for the nine  months  ended  September  30,  2005 is due to a decrease in rental
income.  Other  income  remained  relatively  constant for the nine months ended
September  30, 2005.  The decrease in rental  income for both the three and nine
months ended  September 30, 2005 is due to the decrease in occupancy,  partially
offset  by an  increase  in  the  average  rental  rate,  at  the  Partnership's
investment  property.  The  decrease in other  income for the three months ended
September  30, 2005 is primarily  due to decreases in lease  cancellation  fees,
corporate housing revenue and laundry income, partially offset by an increase in
utility reimbursements, at the property.

In March  2005,  the  Partnership  began a major  redevelopment  project  at the
property.  The property has had difficulty  staying  competitive and needs to be
updated.  Therefore,  in an effort to remain  competitive in the Fairfax area, a
significant   redevelopment   project  has  been   started.   Based  on  current
redevelopment  plans,  NHP expects the  redevelopment to be complete in February
2009 at a total  cost of  approximately  $80,000,000.  During  the  construction
period,  certain  expenses  are  being  capitalized  and  depreciated  over  the
remaining life of the property. During the nine months ended September 30, 2005,
approximately $431,000 of interest,  approximately $64,000 of real estate taxes,
and  approximately  $91,000 of other  construction  period  operating costs were
capitalized.

Liquidity and Capital Resources

At  September  30,  2005,  the  Partnership  had cash and  cash  equivalents  of
approximately  $489,000,  compared to  approximately  $617,000 at September  30,
2004. The decrease in cash and cash equivalents of approximately  $87,000,  from
December 31, 2004, is due to approximately  $2,770,000 of cash used in investing
activities  and  approximately  $907,000 of cash used in  financing  activities,
partially  offset by  approximately  $3,590,000  of cash  provided by  operating
activities. Cash used in investing activities consisted of property improvements
and  replacements.  Cash used in financing  activities  consisted of payments of
principal  made  on  the  mortgages  encumbering  the  Partnership's  investment
property, partially offset by advances from an affiliate of NHP. 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.  For example,  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.

During the nine months ended  September  30,  2005,  the  Partnership  completed
approximately  $1,224,000 of capital improvements arising from the redevelopment
of the property,  which includes  capitalization of construction period interest
of approximately  $431,000, real estate taxes of approximately $64,000 and other
construction period operating costs of approximately $91,000. Additional capital
improvements  of  approximately  $1,321,000  consisted  primarily of  structural
improvements,  exterior  building  improvements,  heating  and air  conditioning
upgrades,  swimming  pool  upgrades,  and  floor  covering  replacement.   These
improvements  were funded from operations and advances from an affiliate of NHP.
In March  2005,  the  Partnership  began a major  redevelopment  project  at the
property  in order for it to remain  competitive  with other  properties  in the
Fairfax  area.   Based  on  current   redevelopment   plans,   NHP  expects  the
redevelopment  to be complete in February 2009 at a total cost of  approximately
$80,000,000.  The  redevelopment  is  expected  to  consist  of  renovation  and
appliance  upgrades to each unit and the addition of a new clubhouse and fitness
center.  The Partnership  expects to fund the redevelopment  from operations and
advances from an affiliate of NHP.  Certain other routine  capital  expenditures
are  anticipated  during the remainder of 2005. Such capital  expenditures  will
depend on the physical  condition of the  property as well as  anticipated  cash
flow generated by the property.

The  capital  expenditures  will be  incurred  only if  cash is  available  from
operations,  Partnership  reserves,  or advances from  affiliates of NHP. To the
extent that 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  $44,144,000 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. The second mortgage indebtedness of approximately $8,571,000
is being  amortized  over 214 months until the loan matures on July 1, 2020,  at
which time the loan is scheduled to be fully amortized.

The Partnership  distributed the following  amounts during the nine months ended
September 30, 2005 and 2004 (in thousands, except per unit data):
<TABLE>
<CAPTION>

                   Nine Months Ended   Per Limited    Nine Months Ended   Per Limited
                     September 30,     Partnership      September 30,     Partnership
                         2005              Unit             2004              Unit

<S>                     <C>               <C>              <C>              <C>
Operations              $   --            $    --          $1,185           $2,030.04
</TABLE>

Future  cash  distributions  will  depend on the levels of cash  generated  from
operations,  refinancing  and/or property sale. The Partnership's cash available
for distribution is reviewed on a monthly basis. In light of the amounts accrued
and payable to affiliates  of the General  Partner at September 30, 2005 and the
redevelopment  project  in  progress,   there  can  be  no  assurance  that  the
Partnership  will  generate  sufficient  funds from  operations  after  required
capital  expenditures  to permit any  distributions  to its partners  during the
remainder of 2005 or subsequent periods.

Other

In addition to its indirect  ownership of the general  partner  interests in the
Partnership,  AIMCO and its affiliates  owned 383.41 limited  partnership  units
(the "Units") in the Partnership representing 67.74% of the outstanding Units at
September  30,  2005. 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 AIMCO Properties, L.P., 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 67.74% of the
outstanding  Units,  AIMCO and its  affiliates  are in a position to control all
voting decisions with respect to the  Partnership.  Although the General Partner
owes fiduciary duties to the limited  partners of the  Partnership,  the General
Partner  also owes  fiduciary  duties to AIMCO,  as its sole  stockholder.  As a
result,  the  duties  of  the  General  Partner,  as  General  Partner,  to  the
Partnership  and its limited  partners may come into conflict with the duties of
the 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

The  Partnership's  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, but are not limited
to,  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 impairment of the Partnership's
asset.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less.
The Partnership will offer rental concessions during particularly slow months or
in response  to heavy  competition  from other  similar  complexes  in the area.
Rental income attributable to leases, net of any concessions, is recognized on a
straight-line  basis over the term of the lease.  The Partnership  evaluates all
accounts  receivable  from  residents and  establishes  an allowance,  after the
application of security deposits,  for accounts greater than 30 days past due on
current tenants and all receivables due from former tenants.

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 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 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 1.     LEGAL PROCEEDINGS

AIMCO Properties L.P. and NHP Management Company, both affiliates of the General
Partner,  are defendants in a lawsuit alleging that they willfully  violated the
Fair Labor Standards Act ("FLSA") by failing to pay maintenance workers overtime
for all hours worked in excess of forty per week.  The  complaint,  filed in the
United States  District Court for the District of Columbia,  attempts to bring a
collective  action  under  the FLSA and seeks to  certify  state  subclasses  in
California, Maryland, and the District of Columbia. Specifically, the plaintiffs
contend  that  AIMCO  Properties  L.P.  and NHP  Management  Company  failed  to
compensate maintenance workers for time that they were required to be "on-call".
Additionally,  the complaint  alleges AIMCO  Properties  L.P. and NHP Management
Company failed to comply with the FLSA in compensating  maintenance  workers for
time  that they  worked in excess of 40 hours in a week.  In June 2005 the Court
conditionally  certified the collective  action on both the on-call and overtime
issues,  which allows the plaintiffs to provide notice of the collective  action
to all non-exempt  maintenance  workers from August 7, 2000 through the present.
Those  employees will have the  opportunity to opt-in to the collective  action,
and AIMCO Properties,  L.P. and NHP Management Company will have the opportunity
to move to decertify the collective action. Because the court denied plaintiffs'
motion to certify state subclasses,  on September 26, 2005, the plaintiffs filed
a class action with the same  allegations  in the Superior  Court of  California
(Contra  Costa  County).  Although the outcome of any  litigation  is uncertain,
AIMCO  Properties,  L.P. does not believe that the ultimate  outcome will have a
material  adverse effect on its consolidated  financial  condition or results of
operations.  Similarly,  the General  Partner does not believe that the ultimate
outcome  will have a  material  adverse  effect on the  Partnership's  financial
condition or results of operations.

ITEM 5.     OTHER INFORMATION

            None.

ITEM 6.     EXHIBITS

            See Exhibit Index.


<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:   AIMCO/RIVERSIDE PARK ASSOCIATES GP,
                                          LLC, A DELAWARE LIMITED LIABILITY
                                          COMPANY,
                                          General Partner

                                    By:    /s/Martha L. Long
                                           Martha L. Long
                                           Senior Vice President

                                    By:    /s/Stephen B. Waters
                                           Stephen B. Waters
                                           Vice President

                                    Date: November 14, 2005


<PAGE>


                RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

                                Index to 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).

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.

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
      10KSB, filed on March 31, 1998.

10(e) Multifamily  Note dated June 29, 2000,  between  Riverside Park Associates
      Limited Partnership,  a Delaware limited partnership,  and Reilly Mortgage
      Group, Inc., a District of Columbia corporation. Incorporated by reference
      to the Exhibits to the Registrant's  Annual Report filed on Form 10-KSB on
      March 28, 2001.

10(f) Multifamily  Note dated  August 2, 2002,  by and  between  Riverside  Park
      Associates Limited Partnership and Reilly Mortgage Group, Inc., a District
      of Columbia corporation;  incorporated by reference to the Exhibits to the
      Registrant's Quarterly Report filed on Form 10-QSB, on August 14, 2002.

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.

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.

32.1  Certification of equivalent of Chief Executive Officer and Chief Financial
      Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section
      906 of the Sarbanes-Oxley Act of 2002.


<PAGE>


Exhibit 31.1

                                  CERTIFICATION


I, Martha L. Long, 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 small  business  issuer as of, and for, the periods  presented in this
      report;

4.    The  small  business  issuer'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 small business issuer 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
            small business issuer, 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  small  business   issuer'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 small  business  issuer's
            internal  control over financial  reporting that occurred during the
            small  business  issuer's  most  recent  fiscal  quarter  (the small
            business  issuer's  fourth  fiscal  quarter in the case of an annual
            report) that has  materially  affected,  or is reasonably  likely to
            materially affect, the small business issuer's internal control over
            financial reporting; and

5.    The  small  business  issuer's  other  certifying  officer(s)  and I  have
      disclosed,  based on our most recent  evaluation of internal  control over
      financial reporting, to the small business issuer's auditors and the audit
      committee of the small  business  issuer'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 small business  issuer'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 small  business
            issuer's internal control over financial reporting.

Date:  November 14, 2005

                                    /s/Martha L. Long
                                    Martha L. Long
                                    Senior  Vice  President  of  AIMCO/Riverside
                                    Park  Associates GP, LLC,  equivalent of the
                                    chief executive officer of the Partnership


<PAGE>

Exhibit 31.2


                                  CERTIFICATION


I, Stephen B. Waters, 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 small  business  issuer as of, and for, the periods  presented in this
      report;

4.    The  small  business  issuer'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 small business issuer 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
            small business issuer, 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  small  business   issuer'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 small  business  issuer's
            internal  control over financial  reporting that occurred during the
            small  business  issuer's  most  recent  fiscal  quarter  (the small
            business  issuer's  fourth  fiscal  quarter in the case of an annual
            report) that has  materially  affected,  or is reasonably  likely to
            materially affect, the small business issuer's internal control over
            financial reporting; and

5.    The  small  business  issuer's  other  certifying  officer(s)  and I  have
      disclosed,  based on our most recent  evaluation of internal  control over
      financial reporting, to the small business issuer's auditors and the audit
      committee of the small  business  issuer'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 small business  issuer'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 small  business
            issuer's internal control over financial reporting.

Date:  November 14, 2005

                                    /s/Stephen B. Waters
                                    Stephen B. Waters
                                    Vice President of AIMCO/Riverside
                                    Park Associates GP, LLC, 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 September 30, 2005 as filed with the Securities and Exchange Commission on
the date hereof (the  "Report"),  Martha L. Long, as the equivalent of the chief
executive  officer of the Partnership,  and Stephen B. Waters, 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/Martha L. Long
                                    Name:  Martha L. Long
                                    Date:  November 14, 2005


                                           /s/Stephen B. Waters
                                    Name:  Stephen B. Waters
                                    Date:  November 14, 2005


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.