SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

FORM 12b-25

Commission File Number 0-19916

NOTIFICATION OF LATE FILING

Check One): [X ] Form 10-K [ ] Form 11-K [ ] Form 20-F [ ] Form 10-Q
[   ] Form N-SAR

For Period Ended: December 31, 2002
[   ] Transition Report on Form 10-K          [   ] Transition Report on Form 10-Q
[   ] Transition Report on Form 20-F          [   ] Transition Report on Form N-SAR
[   ] Transition Report on Form 11-K

For the Transition Period Ended:

Read attached instruction
sheet before preparing form. Please print or type. Nothing in this form shall be
construed to imply that the Commission has verified any information contained
herein. If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates: Financial statements,
Managements Discussion and Analysis, and related disclosure. N/A

PART I
                             REGISTRANT INFORMATION

TMP INLAND EMPIRE V, LTD.,
A CALIFORNIA LIMITED PARTNERSHIP

Former name if applicable

Address of principal executive office (Street and number)

801 North Parkcenter Drive, Suite 235
Santa Ana, California 92705

PART II
                             RULE 12b-25 (b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)

| | [X]
(a)           The reasons  described in  reasonable  detail in Part III of this
              form could not be  eliminated  without  unreasonable effort or
              expense;
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)
The subject annual report, semi-annual report, transition report on Form 10-K,
20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th
calendar day following the prescribed due date; or the subject quarterly report
or transition report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)           The  accountant's  statement or other exhibit required by Rule 12b
              -25(c) has been attached if applicable.
| | --------------------------------------------------------------------------------------------------------------------------------------

PART III
                                    NARRATIVE

State below in reasonable  detail the reasons why Form 10-K,  11-K,  20-F, 10-Q,
N-SAR or the  transition  report  portion  thereof could not be filed within the
prescribed time period. (Attached extra sheets if needed.)

| | The
company is filing the Form 10-QSB for the period ended March 31, 2003 late
due to delays in receiving financial information necessary to produce an accurate 10-KSB.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------

PART IV
                                OTHER INFORMATION

| | (1)    Name and telephone number of person to contact in regard to this
       notification:
| | --------------------------------------------------------------------------------------------

KATHY WESTROPE 
                 
        909      
              676-6664
              
              
        (Name)  
              
          
        (Area Code)    
  (Telephone Number)

| | (2) Have all other periodic  reports required under Section 13 or 15(d)
of the Securities  Exchange Act of 1934 or Section 30 of the Investment  Company
Act of 1940 during the  preceding 12 months or for such shorter  period that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

[ X  ] Yes          [  ] No

| | (3) Is it  anticipated  that  any  significant  change  in  results  of
operations  from the  corresponding  period  for the last  fiscal  year  will be
reflected by the  earnings  statements  to be included in the subject  report or
portion thereof?
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

[ ] Yes          [ X  ] No

| | If  so:  attach  an  explanation  of  the  anticipated   change,   both
narratively and  quantitatively,  and, if  appropriate,  state the reasons why a
reasonable estimate of the results cannot be made. See attached sheet.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

TMP INLAND EMPIRE V, LTD.,
A CALIFORNIA LIMITED PARTNERSHIP

Has caused this
notification to be signed on its behalf by the undersigned thereunto duly
authorized.

/s/ Kathy Westrope
------------------------------------------------------------------
Kathy Westrope, Manager

MAY 15, 2003