10-Q 1 cip.txt COMMUNITY INVESTMENT PARTNERS, L.P. FORM 10-Q 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 MARCH 31, 2001 Commission file number 0-18042 COMMUNITY INVESTMENT PARTNERS, L.P. ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) MISSOURI 43-1531582 ------------------------------------------------------------------------------- (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 12555 Manchester Road St. Louis, Missouri 63131 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (314) 515-2000 --------------------- Indicate by check mark whether the registrant (1) has 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 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 -- -- 1 COMMUNITY INVESTMENT PARTNERS, L.P.

6 Part I. FINANCIAL INFORMATION Item 1. Financial Statements COMMUNITY INVESTMENT PARTNERS, L.P. NOTES TO FINANCIAL STATEMENTS (UNAUDITED) BASIS OF PRESENTATION Community Investment Partners, L.P. (CIP) is a limited partnership which has elected to be a business development company under the Investment Company Act of 1940, as amended. As a business development company, the partnership is required to invest at least 70% of its total assets in qualifying investments as specified in the Investment Company Act. CIP Management, L.P., LLLP (Management), a limited liability limited partnership, is the Managing General Partner of CIP. During 1999, the Limited Partners voted to sell Partnership assets and thereby effect the dissolution of the Partnership pursuant to section 9.1.1 of the Partnership Agreement. As of December 31, 1999 all publicly traded securities had been sold through the public market. After July 2001, the Partnership expects to complete the dissolution process. 7 Part I. FINANCIAL INFORMATION Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations COMMUNITY INVESTMENT PARTNERS, L.P. MANAGEMENT'S FINANCIAL DISCUSSION RESULTS OF OPERATIONS Net loss for the first quarter of 2001 was $450, compared to a net loss of $3,447 for the quarter ended March 31, 2000. The $450 net loss at March 31, 2001 is the result of professional expense related to the Partnership dissolution process. There were no revenues, as all publicly traded investments were sold in 1999. INVESTMENT TRANSACTIONS The Partnership did not participate in any portfolio investment transactions during the three months ended March 31, 2001. LIQUIDITY AND CAPITAL RESOURCES Total Partnership capital was $188,924 as of March 31, 2001, which consisted of $161,735 in limited partner capital and $27,189 in general partner capital. Net loss was allocated to the limited partners in the amount of $367 and to the general partners in the amount of $83. At March 31, 2001 the Partnership had $153,744 in cash and cash equivalents. 8 Part II. OTHER INFORMATION COMMUNITY INVESTMENT PARTNERS, L.P. Item 1: Legal Proceedings The Partnership is not a party to any material pending legal proceedings. Item 6: Exhibits and Reports on Form 8-K (a) Exhibits None (b) Reports on Form 8-K No reports were filed on Form 8-K for the quarter ended March 31, 2001. 9 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. COMMUNITY INVESTMENT PARTNERS, L.P. By: CIP Management, L.P., LLLP, Managing General Partner By: CIP Management, Inc., its Managing General Partner /s/ Daniel A. Burkhardt ---------------------- President, Treasurer and Director May 14, 2001 Daniel A. Burkhardt /s/ Ray L. Robbins, Jr. ---------------------- Vice-President and Director May 14, 2001 Ray L. Robbins, Jr. 10

COMMUNITY INVESTMENT PARTNERS LP 10-Q