FORM 10-QSB--QUARTERLY OR TRANSITIONAL REPORT UNDER SECTION 13 OR 15(d) OF
                     THE SECURITIES EXCHANGE ACT OF 1934
                        Quarterly or Transitional Report



                   U.S. 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 September 30, 2001


[ ]   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 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  preceding  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___



<PAGE>



                         PART I - FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS

a)

                RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

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

                               September 30, 2001

<TABLE>
<CAPTION>

Assets
<S>                                                                          <C>
   Cash and cash equivalents                                                 $ 472
   Receivables and deposits                                                      41
   Other assets                                                                 922
   Investment property:
       Land                                                   $ 6,357
       Buildings and related personal property                 74,394
                                                               80,751
       Less accumulated depreciation                          (42,571)       38,180
                                                                           $ 39,615
Liabilities and Partners' Deficit
Liabilities
   Accounts payable                                                          $ 307
   Tenant security deposit liabilities                                          301
   Accrued property taxes                                                       270
   Other liabilities                                                            492
   Mortgage note payable                                                     49,679

Partners' Deficit:
   General partner                                            $ (1,376)
   Limited partners (566 units issued and outstanding)        (10,058)      (11,434)
                                                                           $ 39,615


                See Accompanying Notes to Financial Statements
</TABLE>


<PAGE>

b)

                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,
                                              2001        2000         2001           2000
Revenues:
<S>                                        <C>         <C>         <C>           <C>
  Rental income                            $    3,314  $    3,131  $    9,867    $    9,084
  Other income                                    300         702       1,281         1,610
      Total revenues                            3,614       3,833      11,148        10,694

Expenses:
  Operating                                     1,134       1,391       3,675         3,840
  General and administrative                      123         221         388           434
  Depreciation                                    836         833       2,419         2,423
  Interest                                        963         981       2,905         3,224
  Property taxes                                  209         195         680           603
      Total expenses                            3,265       3,621      10,067        10,524

Income before extraordinary item                  349         212       1,081           170
Loss on early extinguishment of debt               --          --          --          (313)

Net income (loss)                          $      349  $      212  $    1,081    $     (143)

Net income (loss) allocated to general
  partner (3%)                             $       10  $        6  $       32    $       (4)
Net income (loss) allocated to
  limited partners (97%)                          339         206       1,049          (139)

                                           $      349  $      212  $    1,081    $     (143)
Per limited partnership unit:
  Income before extraordinary item         $   598.94  $   363.96  $ 1,853.36    $   291.52
  Loss on early extinguishment of debt             --          --          --       (537.10)

Net income (loss)                          $   598.94  $   363.96  $ 1,853.36    $  (245.58)

Distribution per limited partnership
  unit                                     $ 1,782.68  $10,256.18  $ 2,745.58    $11,609.54

                See Accompanying Notes to Financial Statements

</TABLE>

<PAGE>


c)

                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, 2000                   566       $(1,360)    $ (9,553)    $(10,913)

Distribution to partners                --           (48)      (1,554)      (1,602)

Net income for the nine months
   ended September 30, 2001             --            32        1,049        1,081

Partners' deficit at
   September 30, 2001                  566       $(1,376)    $(10,058)    $(11,434)


                See Accompanying Notes to Financial Statements

</TABLE>

<PAGE>

d)
                RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP

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

                                                                 Nine Months Ended
                                                                   September 30,
                                                                  2001        2000
Cash flows from operating activities:
<S>                                                             <C>          <C>
  Net income (loss)                                             $ 1,081      $ (143)
  Adjustments to reconcile net income (loss) to net cash
   provided by operating activities:
    Depreciation                                                   2,419       2,423
    Amortization of loan costs                                        31         181
    Extraordinary loss on early extinguishment of debt                --         313
    Change in accounts:
      Receivables and deposits                                       151        (802)
      Other assets                                                   (34)       (492)
      Accounts payable                                               137         131
      Tenant security deposit liabilities                             67          (8)
      Accrued property taxes                                         270         195
      Other liabilities                                              (23)         13
       Net cash provided by operating activities                   4,099       1,811

Cash flows from investing activities:
  Property improvements and replacements                          (2,070)     (1,544)
  Net withdrawals from restricted escrows                             --          92
       Net cash used in investing activities                      (2,070)     (1,452)

Cash flows from financing activities:
  Due from affiliate                                                  --        (510)
  Payments on mortgage note payable                                 (863)       (563)
  Repayment of mortgage note payable                                  --     (44,442)
  Proceeds from mortgage note payable                                 --      51,000
  Loan costs paid                                                     --        (827)
  Prepayment penalties paid                                           --        (472)
  Distribution to partners                                        (3,682)     (6,621)
       Net cash used in financing activities                      (4,545)     (2,435)

Net decrease in cash and cash equivalents                         (2,516)     (2,076)

Cash and cash equivalents at beginning of period                   2,988       3,004

Cash and cash equivalents at end of period                       $ 472        $ 928

Supplemental disclosure of cash flow information:
  Cash paid for interest                                        $ 2,874      $ 2,998

Distributions of approximately  $2,080,000 were accrued at December 31, 2000 and
paid during the first quarter of 2001.

                See Accompanying Notes to Financial Statements
</TABLE>

<PAGE>

e)

                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"),  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 nine  month  periods  ended  September  30,  2001 are not  necessarily
indicative  of the  results  that may be  expected  for the fiscal  year  ending
December 31, 2001. 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, 2000.

Segment Reporting:

Statement of Financial Standards ("SFAS") No. 131, "Disclosure about Segments of
an Enterprise and Related  Information"  established  standards for the way that
public business  enterprises  report  information  about  operating  segments in
annual financial  statements and requires that those enterprises report selected
information  about  operating  segments in interim  financial  reports.  It also
established  standards  for related  disclosures  about  products and  services,
geographic  areas,  and  major  customers.  As  defined  in SFAS  No.  131,  the
Partnership has only one reportable segment. Moreover, due to the very nature of
the Partnership's  operations,  the General Partner believes that  segment-based
disclosures will not result in a more meaningful presentation than the financial
statements as presently presented.

Note B - Transactions with Affiliated Parties

The  Partnership has no employees and is dependent on NHP and its affiliates for
the management and administration of all Partnership activities. The Partnership
Agreement  provides for certain  payments to affiliates  for services based on a
percentage  of revenue and an annual  partnership  and  investor  service fee of
$110,000 subject to a 6% annual increase.  The following  transactions  with NHP
and/or  its  affiliates  were  incurred  during  each of the nine  months  ended
September 30, 2001 and 2000:

                                                                  2001      2000
                                                                  (in thousands)
 Property management fees (included in operating expenses)        $442      $418

 Reimbursement for services of affiliates and investor
  service fees (included in general and administrative
  expenses, and investment properties)                             630       391


During the nine months ended September 30, 2001 and 2000, 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  $442,000 and $418,000 for the nine months ended
September 30, 2001 and 2000, respectively.

An  affiliate  of  NHP  received  reimbursement  of  accountable  administrative
expenses  amounting to  approximately  $630,000 and $391,000 for the nine months
ended September 30, 2001 and 2000,  respectively.  Included in these amounts are
approximately  $284,000 and $63,000 of construction  service  reimbursements  at
September 30, 2001 and 2000, respectively.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates owned 377.69 limited partnership units in
the Partnership  representing  approximately  66.73% of the outstanding units at
September  30,  2001. 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  limited  partnership   interests  in  the
Partnership  for cash or in exchange for units in the operating  partnership  of
AIMCO either  through  private  purchases or tender offers.  In this regard,  on
August 29, 2001, AIMCO  Properties,  LP, commenced a tender offer to acquire any
and all of the units not owned by  affiliates  of AIMCO for a purchase  price of
$44,439 per unit.  Pursuant to this offer, AIMCO acquired 10.53 units during the
quarter ended September 30, 2001. Under the Partnership  Agreement,  unitholders
holding a majority of the units are  entitled  to take action with  respect to a
variety of matters,  which would  include  voting on certain  amendments  to the
Partnership  Agreement and voting to remove the General Partner.  As a result of
its ownership of approximately  66.73% of the outstanding  units,  AIMCO is in a
position to control all such voting  decisions  with respect to the  Registrant.
When voting on matters, AIMCO would in all likelihood vote the Units it acquired
in a manner  favorable  to the  interest of the General  Partner  because of its
affiliation with the General Partner.

Note C - Extraordinary Loss on Early Extinguishment of Debt

On June 29, 2000,  the  Partnership  refinanced  its mortgage note payable.  The
refinancing replaced mortgage  indebtedness of approximately  $44,442,000 with a
new mortgage of  $51,000,000.  The mortgage  was  refinanced  at a rate of 7.64%
compared to the prior rate of 30 day LIBOR plus 2.75% (9.44% at June 30,  2000).
Payments of approximately  $415,000 are due on the first day of each month until
the loan matures on July 1, 2020 at which time the loan will be fully amortized.
Capitalized loan costs incurred for the refinancing were approximately $827,000.
Under the terms of the previous loan agreement,  the Partnership was required to
pay a repayment fee to the lender of $470,000 upon maturity, prepayment or after
acceleration,  and as such,  the  Partnership  was accruing this amount over the
life of the loan. At the time the loan was repaid,  the  Partnership had accrued
approximately  $345,000.  The difference between the accrual and the fee paid of
approximately $125,000,  additional prepayment penalties of approximately $2,000
and the write-off of unamortized loan costs of approximately  $186,000  resulted
in an  extraordinary  loss on  early  extinguishment  of  debt of  approximately
$313,000.

Note D - Distributions

During  the  nine  months  ended  September  30,  2001,  the  Partnership   paid
approximately  $2,080,000  (approximately  $2,018,000 to the limited partners or
$3,565.37  per  limited  partnership  unit)  in  distributions  from  cash  from
operations that the  Partnership  had declared at December 31, 2000.  During the
nine  months  ended  September  30,  2001,  the  Partnership  declared  and paid
distributions  of  approximately  $1,602,000  (approximately  $1,554,000  to the
limited  partners,  or $2,745.58  per limited  partnership  unit) from cash from
operations. During the nine months ended September 30, 2000 the Partnership paid
distributions  of  approximately  $6,621,000  (approximately  $6,571,000  to the
limited partners or $11,609.54 per limited  partnership unit) consisting of cash
from operations of  approximately  $1,654,000  (approximately  $1,604,000 to the
limited  partners  or  $2,833.92  per  limited  partnership  unit) and cash from
refinance proceeds all paid to the limited partners of approximately  $4,967,000
(approximately $8,775.62 per limited partnership unit).

Note E - 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 Form  10-QSB  contain  certain  forward-looking
statements  and  involve  risks and  uncertainties  (including  changing  market
conditions,   competitive  and  regulatory   matters,   etc.)  detailed  in  the
disclosures  contained  in this  Form  10-QSB  and the  other  filings  with the
Securities and Exchange  Commission made by the  Partnership  from time to time.
The  discussion  of  the  Partnership's  business  and  results  of  operations,
including  forward-looking  statements pertaining to such matters, does not take
into  account  the  effects of any  changes to the  Partnership's  business  and
results of operations.  Accordingly, actual results could differ materially from
those  projected in the  forward-looking  statements  as a result of a number of
factors, including those identified herein.

The  Partnership's  sole  asset  is a 1,229  unit  apartment  complex  known  as
Riverside Park located in Fairfax  County,  Virginia.  The property is leased to
tenants  subject to leases of up to one year.  Average  occupancy  for the first
nine  months of 2001 was 96%  compared to 99% for the first nine months of 2000.
This decrease in occupancy is  attributable  to tenants  purchasing new homes in
the area as a result of lower interest rates.

Results of Operations

The  Partnership's  net income for the nine months  ended  September  30,  2001,
totaled  approximately  $1,081,000  as compared  to a net loss of  approximately
$143,000 for the nine months ended September 30, 2000. The Partnership  realized
net income for the three  months ended  September  30,  2001,  of  approximately
$349,000  compared to net income of approximately  $212,000 for the three months
ended  September 30, 2000.  The increase in net income for the nine months ended
September  30,  2001 is  attributable  to an increase  in total  revenues  and a
decrease in total expenses.  Net income also increased for the nine months ended
September  30, 2001 due to the  recognition  of an  extraordinary  loss on early
extinguishment of debt which was not applicable during the three and nine months
ended September 30, 2001, as discussed  below.  Income for the nine months ended
September 30, 2001 was approximately $1,081,000 as compared to income before the
extraordinary loss on early extinguishment of debt of approximately $170,000 for
the nine months ended  September  30,  2000.  The increase in net income for the
three months ended  September  30, 2001 is  attributable  to a decrease in total
expenses which was offset by a decrease in total revenues.

Total expenses for the three and nine months ended  September 30, 2001 decreased
primarily  due to a decrease in  operating  expenses  and,  to a lesser  extent,
general and  administrative  expenses and interest  expense  which was partially
offset by an  increase in  property  tax  expense.  The  decrease  in  operating
expenses is due to a decrease in corporate housing expenses,  which is no longer
being  charged  at the  property.  Operating  expense  also  decreased  due to a
decrease in property  expense.  Property expense decreased due to a reduction in
employee salaries and related benefits at the investment property.  The decrease
in property expense was partially offset by an increase in utility costs paid by
the  property  relating to vacant  apartment  units.  The  decrease in operating
expense was partially offset by an increase in insurance premiums.  The decrease
in interest  expense is  primarily  due to the  refinance  of the  Partnership's
mortgage loan on the property in 2000 at a lower  interest rate. The increase in
property  tax expense is primarily  attributable  to an increase in the assessed
value of the property and the timing and receipt of tax bills  received from the
taxing  authorities  which  affected  the  Partnership's  property  tax accrual.
General   and   administrative   expenses   decreased   due  to  a  decrease  in
reimbursements  to the associate  general partner and a decrease in professional
services necessary to operate the partnership.

Total revenues for the nine months ended September 30, 2001 increased  primarily
due to an increase in rental income, which was partially offset by a decrease in
other  income.  Total  revenues for the three months  ended  September  30, 2001
decreased  primarily  due to a decrease  in other  income,  which was  partially
offset by an increase in rental income.  Other income decreased primarily due to
a decrease in corporate housing income,  which is no longer being charged at the
property.  Other income also decreased due to a decrease in interest  income due
to lower cash  balances in interest  bearing  accounts.  The  increase in rental
income is primarily due to an increase in average rental rates at the investment
property  which more than offset the  decrease in  occupancy  at the property as
discussed above.

Also  included  in general  and  administrative  expense  for the three and nine
months ended September 30, 2001 and 2000 are costs associated with the quarterly
and annual  communications with investors and regulatory agencies and the annual
audit required by the  Partnership  Agreement are also included.  As part of the
ongoing business plan of the Partnership, the associate general partner 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, the
associate general partner 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 the associate  general
partner will be able to sustain such a plan.

Liquidity and Capital Resources

At  September  30,  2001,  the  Partnership  held cash and cash  equivalents  of
approximately  $472,000,  compared to  approximately  $928,000 at September  30,
2000. Cash and cash equivalents decreased approximately  $2,516,000 for the nine
months ended September 30, 2001 from the  Partnership's  year ended December 31,
2000.  This  decrease  was  due to  approximately  $4,545,000  of  cash  used in
financing  activities  and  approximately  $2,070,000  of cash used in investing
activities,  partially  offset by  approximately  $4,099,000 of cash provided by
operating   activities.   Cash  used  in  financing   activities   consisted  of
distributions  to the partners  and, to a lesser  extent,  payments of principal
made on the mortgage  encumbering the Partnership's  investment  property.  Cash
used  in   investing   activities   consisted  of  property   improvements   and
replacements.  The Partnership  invests its working capital reserves in interest
bearing accounts.

On June 29, 2000,  the  Partnership  refinanced  its mortgage note payable.  The
refinancing replaced mortgage  indebtedness of approximately  $44,442,000 with a
new mortgage of  $51,000,000.  The mortgage  was  refinanced  at a rate of 7.64%
compared to the prior rate of 30 day LIBOR plus 2.75% (9.44% at June 30,  2000).
Payments of approximately  $415,000 are due on the first day of each month until
the loan matures on July 1, 2020 at which time the loan will be fully amortized.
Capitalized loan costs incurred for the refinancing were approximately $827,000.
Under the terms of the previous loan agreement,  the Partnership was required to
pay a repayment fee to the lender of $470,000 upon maturity, prepayment or after
acceleration,  and as such,  the  Partnership  was accruing this amount over the
life of the loan. At the time the loan was repaid,  the  Partnership had accrued
approximately  $345,000.  The difference between the accrual and the fee paid of
approximately $125,000,  additional prepayment penalties of approximately $2,000
and the write-off of unamortized loan costs of approximately  $186,000  resulted
in an  extraordinary  loss on  early  extinguishment  of  debt of  approximately
$313,000.

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.  Capital  improvements planned for
the Partnership's investment property are as follows.

During the nine months  ended  September  30,  2001,  the  Partnership  expended
approximately  $2,070,000  for  capital  improvements  and  replacements  at its
investment property,  consisting primarily of structural improvements,  elevator
upgrades, floor covering and appliance replacements,  air conditioning upgrades,
interior decoration,  and lighting improvements.  These improvements were funded
from operating cash flow. The Partnership  has budgeted,  but is not limited to,
capital improvements of approximately  $5,066,000 for 2001 at the property which
consist of  structural  improvements,  interior  decoration,  garage and carport
enhancements,  lighting improvement,  floor covering and appliance replacements,
air  conditioning  upgrades,  and  elevator  upgrades.  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  currently  thought  to be  sufficient  for  any
near-term needs  (exclusive of capital  improvements)  of the  Partnership.  The
mortgage  indebtedness of approximately  $49,679,000 is being amortized over 240
months  until the loan  matures  on July 1, 2020 at which  time the loan will be
fully  amortized.  The General Partner will attempt to refinance and/or sell the
property  prior to such maturity  date. If the property  cannot be refinanced or
sold for a sufficient  amount,  the  Partnership  will risk losing such property
through foreclosure.

During  the  nine  months  ended  September  30,  2001,  the  Partnership   paid
approximately  $2,080,000  (approximately  $2,018,000 to the limited partners or
$3,565.37  per  limited  partnership  unit)  in  distributions  from  cash  from
operations that the  Partnership  had declared at December 31, 2000.  During the
nine  months  ended  September  30,  2001,  the  Partnership  declared  and paid
distributions  of  approximately  $1,602,000  (approximately  $1,554,000  to the
limited  partners,  or $2,745.58  per limited  partnership  unit) from cash from
operations. During the nine months ended September 30, 2000 the Partnership paid
distributions  of  approximately  $6,621,000  (approximately  $6,571,000  to the
limited partners or $11,609.54 per limited  partnership unit) consisting of cash
from operations of  approximately  $1,654,000  (approximately  $1,604,000 to the
limited  partners  or  $2,833.92  per  limited  partnership  unit) and cash from
refinance proceeds all paid to the limited partners of approximately  $4,967,000
(approximately  $8,775.62  per  limited  partnership  unit).  The  Partnership's
distribution  policy 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 timing of the debt  maturity,  refinancing
and/or  sale of the  property.  There  can be no  assurance,  however,  that the
Partnership  will  generate  sufficient  funds from  operations  after  required
capital expenditures to permit further  distributions to its partners during the
remainder of 2001 or subsequent periods.

In addition to its  indirect  ownership of the general  partner  interest in the
Partnership,  AIMCO and its affiliates owned 377.69 limited partnership units in
the Partnership  representing  approximately  66.73% of the outstanding units at
September  30,  2001. 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  limited  partnership   interests  in  the
Partnership  for cash or in exchange for units in the operating  partnership  of
AIMCO either  through  private  purchases or tender offers.  In this regard,  on
August 29, 2001, AIMCO  Properties,  LP, commenced a tender offer to acquire any
and all of the units not owned by  affiliates  of AIMCO for a purchase  price of
$44,439 per unit.  Pursuant to this offer, AIMCO acquired 10.53 units during the
quarter ended September 30, 2001. Under the Partnership  Agreement,  unitholders
holding a majority of the units are  entitled  to take action with  respect to a
variety of matters,  which would  include  voting on certain  amendments  to the
Partnership  Agreement and voting to remove the General Partner.  As a result of
its ownership of approximately  66.73% of the outstanding  units,  AIMCO is in a
position to control all such voting  decisions  with respect to the  Registrant.
When voting on matters, AIMCO would in all likelihood vote the Units it acquired
in a manner  favorable  to the  interest of the General  Partner  because of its
affiliation with the General Partner.


<PAGE>


                           PART II - OTHER INFORMATION



ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            a)    Exhibits:

                  None.

            b)    Reports on Form 8-K:

                  None.


<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/Martha L. Long
                                          Martha L. Long
                                          Senior Vice President and
                                          Controller


                                    Date: November 6, 2001