<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-Q
                Quarterly Report Pursuant to Section 13 or 15(d)
                                       of
                       The Securities Exchange Act of 1934
                  for the Quarterly Period ended June 30, 1997

                             ----------------------

                           Commission File No. 0-19933

                           TMP INLAND EMPIRE IV, LTD.
                        A CALIFORNIA LIMITED PARTNERSHIP
             (Exact name of registrant as specified in its charter)


         CALIFORNIA                                      33-0341829
(State or other jurisdiction                  I.R.S.Employer Identification No.)
of incorporation or organization)

801 North Parkcenter Drive, Suite 235                         92705
Santa Ana, California                                      (Zip Code)
(Address of principal executive office)

(714) 836-5503
(Registrant's telephone number, including area code)

                             ----------------------

Indicate by check mark whether Registrant has [1] filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or 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 [ ]







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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

The following financial statements are filed as a part of this Form 10-Q:

Balance Sheets as of June 30, 1997 and December 31, 1996, Statements of Income
for the three and six months ended June 30, 1997 and 1996, Statements of Cash
Flows for the six months ended June 30, 1997, and 1996.

The accompanying unaudited interim financial statements include all adjustments
(consisting solely of normal recurring adjustments) which are, in the opinion of
management, necessary to fairly present the financial position of the
Partnership as of June 30, 1997 and the results of its operations, changes in
partners' equity, and cash flows for the periods then ended.



<PAGE>   3



                           TMP INLAND EMPIRE IV, LTD.
                        a California Limited Partnership

                                 Balance Sheets


<TABLE>
<CAPTION>
                                               June 30, 1997     December 31, 1996
<S>                                             <C>                <C>
Assets

Cash                                            $    95,378        $    32,971
Accounts Receivable                                     300                  0
Investment in Unimproved Land
(Note 1)                                          2,275,102          2,440,000
Prepaid Expense                                           0                  0
Organizational Costs, Net (Note 1)                        0                  0


         Total Assets                             2,370,780          2,472,971
                                                ===========        ===========

Liabilities and Partners Capital

Accounts Payable and
     Accrued Liabilities                                  0                800
Due to Affiliates                                       176                405
Property Taxes Payable                               85,495             69,417
Notes Payable (Note 3)                              190,000            190,000
Commission Payable (Note 4)                          70,560             70,560

         Total Liabilities                          346,231            331,182

Partners' capital

         General Partners                           (55,469)           (54,298)
         Limited Partners 7,250 eq                2,080,018          2,196,087
         units authorized and outstanding

         Total Partners Capital                   2,024,549          2,141,789

Total Liab. and Partners Capital                $ 2,370,780        $ 2,472,971
                                                ===========        ===========
</TABLE>



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                           TMP INLAND EMPIRE IV, LTD.
                        a California Limited Partnership
                              Statements of Income


<TABLE>
<CAPTION>
                                        Three Months Ended             Six Months Ended
                                       June 30        June 30       June 30          June 30
                                        1997           1996           1997            1996
<S>                                   <C>              <C>          <C>              <C>
Land Sales                            $ 127,000        $   0        $ 127,000        $     0
  Cost of Land Sales                    244,955            0          244,955              0

         Gross Loss                    (117,955)           0         (117,955)             0

  Interest and Other Income                 493           82              714            707


  Gross (Income) Loss                  (117,462)          82         (117,241)           707

General & Admin. Expense                      0          183                0          1,100

Net Loss                              $(117,462)       $(101)       $(117,241)       $  (393)


Allocation of Net Income (Loss) (Note 2):

General Partners                         (1,174)          (1)          (1,172)            (4)

         Limited Partners              (116,288)        (100)        (116,069)          (389)

         Limited P., per unit               (16)        (.02)             (16)          (.05)
</TABLE>

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                           TMP INLAND EMPIRE IV, LTD.
                        a California Limited Partnership


                             Statement of Cash Flows


<TABLE>
<CAPTION>
                                                    Six Months Ended June 30,
                                                     1997             1996
<S>                                                <C>              <C>
Net Income (Loss)                                  $(117,241)       $    (393)

Non-cash adjustments:
  Amortization of organization costs                       0            1,101
  Adjustments to reconcile net income (loss)
   to net cash used in operating activities:
  Increase in Receivables                               (300)            (100)
  Decrease in Prepaid Expense                              0          (11,400)
  Increase (Decrease) in Accounts Payable
         and Accrued Liabilities                      15,278          (50,496)
Net Cash provided by (used in)
         Operating Activities                       (102,491)         (61,288)


  Investment in Land                                 164,898          (99,591)
Net Cash provided by
(used in) Investing Activities                       164,898          (99,591)


  Increase in Notes Payable                                0          190,000

Net Cash provided by Financing Activities                  0          190,000

Net Increase in Cash                                  62,407           29,121

Cash, Beginning of Period                             32,971           16,770

         Cash, End of Period                       $  95,378        $  45,891
                                                   =========        =========
</TABLE>

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                            TMP INLAND EMPIRE IV, LTD
                        a California Limited Partnership
                        Notes to the Financial Statements
                For the Three and Six Months Ended June 30, 1997
                                   (Unaudited)


NOTE 1 - Summary of Significant Accounting Policies

Accounting Method - TMP Inland Empire IV, Ltd. (the Partnership) prepares its
financial statements on the accrual basis of accounting.

Organization Costs - Organization costs include expenses incurred in the
formation of the Partnership that have been capitalized and that have been
amortized over a period of 40 years prior to 1992 and are being amortized over
five years beginning in 1992.

Investment in Unimproved Land - The Partnership's land is stated at the lower of
actual cost or market value, based on specific identification. All costs
associated with the acquisition of a property are capitalized. In addition, the
Partnership capitalizes all carrying costs.

Income Taxes - The entity is treated as a partnership for income tax purposes
and any income or loss is passed through and taxable at the partner level.
Accordingly, no provision for federal income taxes is provided.


NOTE 2 - Allocation of Profits, Losses and Cash Distributions

Profits, losses, and cash distributions are allocated 99 percent to the limited
partners and one percent to the general partners until the limited partners have
received an amount equal to their capital contributions plus a cumulative,
non-compounded return of six percent per annum based on their adjusted capital
account balances. At that point, remaining profits, losses and cash
distributions are allocated 85 percent to the limited partners and 15 percent to
the general partners.

As of June 30, 1997 and 1996, profits, losses and cash distributions were
allocated 99 percent to the limited partners and one percent to the general
partners.


NOTE 3 - Note Payable

As of June 30, 1997 and 1996, the Partnership had a note payable secured by
Partnership land. The note bears interest at 12 percent per annum and matures
February 1, 1999.


NOTE 4 - Commissions Payable

As of June 30, 1997 and 1996, the Partnership had a payable to a related party
for services rendered relating to sales of properties in 1989 and 1990.




<PAGE>   7



                           TMP INLAND EMPIRE IV, LTD.
                        a California Limited Partnership
                For the Three and Six Months Ended June 30, 1997


Item 2.  Management's Discussion and Analysis of Financial Condition and Results
of Operations.

Partnership revenues during the three and six month periods ended June 30, 1996
consisted primarily of interest income. There were no properties sold during the
first two quarters in 1996. Partnership revenues during the three and six month
periods ended June 30, 1997 consisted primarily of the sale of property and
interest income. There was one property sold during the second quarter of 1997.

Operating activities for the six months ended June 30, 1997 used approximately
$102,000 of cash, mostly from the sale of a parcel of land at a loss. Operating
activities for the six months ended June 30, 1996 used approximately $61,000 of
cash - the bulk of that resulted in the payment of previously accrued property
taxes. Investing Activities used approximately $165,000 and $100,000 for the six
months ended June 30, 1997 and 1996 respectively, mostly for carrying costs of
the land held for investment. Financing activities for the six months ended June
30, 1996 provided $190,000 from a note secured by Partnership land.

The Partnership had six properties as of June 30, 1997 that are being held for
appreciation and resale. Upon the sale of each property, the Partnership intends
to distribute the sales proceeds, less any reserves needed for operations, to
the partners.

Management believes that the Partnership has sufficient cash to meet the
anticipated cash requirements of the Partnership for the next twelve months.
Management may attempt to sell one or more parcels of land to generate cash, or
in the alternative, seek to procure a loan secured by partnership land.
Management may also choose to withhold payment of certain expenses such as
property taxes and expense reimbursements to the general partner.



<PAGE>   8

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  August 8, 1997

                                   TMP INLAND EMPIRE IV, LTD.
                                   a California Limited Partnership


                                   By: TMP Investments, Inc., as General Partner

                                       By:  /s/ WILLIAM O. PASSO
                                           -------------------------------------
                                           William O. Passo, President

                                       By:  /s/ ANTHONY W. THOMPSON
                                           -------------------------------------
                                           Anthony W. Thompson, Exec. V.P.

                                       By:  /s/ MICHAEL SUN
                                           -------------------------------------
                                           Michael Sun, Chief Financial Officer

                                       By: TMP Properties, a California General
                                           Partnership as General Partner

                                       By:  /s/ WILLIAM O. PASSO
                                           -------------------------------------
                                            William O. Passo, General Partner

                                       By:  /s/ ANTHONY W. THOMPSON
                                           -------------------------------------
                                            Anthony W. Thompson, General Partner

                                       By:  /s/ SCOTT E. MCDANIEL
                                           -------------------------------------
                                           Scott E. McDaniel