SECURITIES AND EXCHANGE COMMISSION

Washington, DC

_________________________

FORM 10-Q

X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2012

___ 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 0-17412

Secured Income L.P.

(Exact Name of Registrant as Specified in its Charter)

Delaware	06-1185846
State or Other Jurisdiction of	(IRS Employer
Incorporation or Organization	Identification No.)

340 Pemberwick Road
Greenwich, Connecticut	06831
(Address of Principal Executive Offices)	Zip Code

Registrant's Telephone Number, Including Area Code: (203) 869-0900

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

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). Yes X No

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer Accelerated Filer Non-Accelerated Filer Smaller Reporting Company X

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

As of November 12, 2012, there are 984,369 units of limited partnership interest outstanding.

SECURED INCOME L.P. AND SUBSIDIARY

Part I - Financial Information.

Table of Contents		Page

Item 1.	Financial Statements.

	Consolidated Balance Sheets	3

	Consolidated Statements of Operations	4

	Consolidated Statements of Cash Flows	5

	Notes to Consolidated Financial Statements	6

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	7

Item 3.	Quantitative and Qualitative Disclosure About Market Risk.	10

Item 4.	Controls and Procedures.	10

SECURED INCOME L.P. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 30,			December 31,
	2012			2011

ASSETS

Property and equipment, net of accumulated depreciation	$	1,744,457		$	2,028,462
Cash and cash equivalents		433,420			656,848
Mortgage escrow deposits		186,525			353,217
Replacement reserve		433,247			479,000
Tenant security deposits		96,227			77,274
Prepaid expenses		297,980			185,092
Intangible assets, net of accumulated amortization		222,163			238,447

	$	3,414,019		$	4,018,340

LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities

Mortgage payable	$	7,295,992		$	7,505,493
Accounts payable and accrued expenses		237,942			370,240
Tenant security deposits payable		94,681			76,411
Due to affiliates		13,774			18,382

		7,642,389			7,970,526

Commitments and contingencies

Partners' equity (deficit)

Limited partners (984,369 units issued and outstanding)		(67,889	)		203,692
General partners		(3,935,713	)		(3,932,970	)
Noncontrolling interest		(224,768	)		(222,908	)

		(4,228,370	)		(3,952,186	)

	$	3,414,019		$	4,018,340

See notes to consolidated financial statements.

SECURED INCOME L.P. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS

THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2012 AND 2011

(Unaudited)

	Three Months			Nine Months			Three Months			Nine Months
	Ended			Ended			Ended			Ended
	September 30,			September 30,			September 30,			September 30,
	2012			2012			2011			2011

REVENUE

Rental	$	722,835		$	2,150,745		$	704,470		$	2,088,753
Interest		562			1,596			(2,465	)		2,743

TOTAL REVENUE		723,397			2,152,341			702,005			2,091,496

EXPENSES

Administration and management		306,395			997,017			216,821			551,914
Operating and maintenance		164,585			429,399			165,215			443,688
Taxes and insurance		112,096			334,286			110,675			363,896
Financial		120,144			365,874			80,845			337,254
Depreciation and amortization		100,096			300,289			110,882			332,646

TOTAL EXPENSES		803,316			2,426,865			684,438			2,029,398

NET INCOME (LOSS)		(79,919	)		(274,524	)		17,567			62,098

Other comprehensive income								4,005
Reclassification of unrealized gain								(3,481	)		(3,481	)

COMPREHENSIVE INCOME (LOSS)	$	(79,919	)	$	(274,524	)	$	18,091		$	58,617


NET INCOME (LOSS) ATTRIBUTABLE TO

General partners	$	(799	)	$	(2,743	)	$	162		$	581
Limited partners		(79,171	)		(271,581	)		16,080			57,525
Noncontrolling interest		51			(200	)		1,325			3,992

	$	(79,919	)	$	(274,524	)	$	17,567		$	62,098


NET INCOME (LOSS) ALLOCATED PER UNIT OF LIMITED PARTNERSHIP INTEREST (984,369 units of limited partnership interest)	$	(.08	)	$	(.28	)	$	.02		$	.06

See notes to consolidated financial statements.

SECURED INCOME L.P. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011

(Unaudited)

	2012			2011

CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss)	$	(274,524	)	$	62,098

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization expense		300,289			332,646
Decrease in mortgage escrow deposits		166,692			34,388
Amortization of premium on investment in bond					1,843
Loss on redemption of investment in bond					4,914
Increase in tenant security deposits		(18,953	)		(26,068	)
Decrease in interest and accounts receivable					2,242
Increase in prepaid expenses		(112,888	)		(113,155	)
Increase (decrease) in accounts payable and accrued expenses		(132,298	)		64,177
Increase in tenant security deposits payable		18,270			25,107
Decrease in due to affiliates		(4,608	)		(5,108	)

Net cash provided by (used in) operating activities		(58,020	)		383,084

CASH FLOWS FROM INVESTING ACTIVITIES

Deposits to replacement reserve		(29,214	)		(29,262	)
Withdrawals from replacement reserve		74,967			66,851

Net cash provided by investing activities		45,753			37,589

CASH FLOWS FROM FINANCING ACTIVITIES

Mortgage principal payments		(209,501	)		(197,154	)
Distributions to partners					(273,436	)
Distributions to noncontrolling interest		(1,660	)		(44,122	)

Net cash used in financing activities		(211,161	)		(514,712	)

NET DECREASE IN CASH AND CASH EQUIVALENTS		(223,428	)		(94,039	)

Cash and cash equivalents at beginning of period		656,848			649,843

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	433,420		$	555,804

SIGNIFICANT NONCASH INVESTING AND FINANCING ACTIVITIES

Reclassification of unrealized gain on investment in bond				$	(3,481	)

SUPPLEMENTAL INFORMATION

Financial expenses paid	$	371,957		$	347,592

See notes to consolidated financial statements.

SECURED INCOME L.P. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2012

(Unaudited)

1.	Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. They do not include all information and footnotes required by GAAP for complete financial statements. The results of operations are impacted significantly by the results of operations of Carrollton X Associates Limited Partnership (“Carrollton”), which are provided on an unaudited basis during interim periods. Accordingly, the accompanying unaudited consolidated financial statements are dependent on such unaudited information. In the opinion of the general partners of the Partnership (the “General Partners”), the accompanying unaudited consolidated financial statements include all adjustments necessary to reflect fairly the results of operations and cash flows for the interim periods presented. All adjustments are of a normal recurring nature. The results of operations for the nine months ended September 30, 2012 are not necessarily indicative of the results that may be expected for the entire year.

Certain prior period balances have been reclassified to conform to the current period presentation.

2.	Commitments and Contingencies

In December 2010, The Equal Rights Center (“ERC” or “Plaintiff”) filed a Complaint (the “Initial Complaint”) against Carrollton, Carrollton’s management agent, and two individual leasing agents (collectively, the “Defendants”), alleging that the Defendants had “engaged in a pattern and practice of discrimination on the basis of national origin in violation of the Fair Housing Act.” The allegations of the Plaintiff were based on a sampling of three tester applicants sent to Fieldpointe, the operating complex owned by Carrollton (the “Complex”), in 2009, notwithstanding the fact that each of the tester applicants was offered an application to rent an apartment at the Complex but never followed through with the Complex. The Initial Complaint was not based on any individual complaint by any actual real tenant or prospective real tenant. Plaintiff sought to obtain injunctive relief and damages to ERC. The Defendants were successful in obtaining a dismissal of the Initial Complaint. In February 2011, ERC recast the Initial Complaint and filed a second complaint (the “Second Complaint”) basically making the same allegations as in the Initial Complaint. Defendants timely answered the Second Complaint and denied all of ERC’s allegations. The parties are currently engaged in discovery, and the Defendants are vigorously defending the lawsuit and are preparing to move for summary judgment. The Defendants are optimistic that they will prevail in the lawsuit. However, notwithstanding the foregoing, Carrollton has already incurred significant legal expenses as a result of this matter and anticipates incurring additional legal expenses in the future. Accordingly, an estimate of the ultimate loss or ultimate range of loss cannot be made at this time.

3.	Additional Information

Additional information, including the audited December 31, 2011 Consolidated Financial Statements and the Organization and Summary of Significant Accounting Policies, is included in the Partnership's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 on file with the Securities and Exchange Commission.

SECURED INCOME L.P. AND SUBSIDIARY

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

Liquidity and Capital Resources

Secured Income L.P. (the “Registrant”) owns a 98.9% interest in Carrollton X Associates Limited Partnership (“Carrollton”). Fieldpointe, the operating complex owned by Carrollton (the “Complex”), remains on the market for sale and, although it is not currently in an active marketing campaign, the Carrollton general partners (the “Carrollton General Partners”) continue to receive inquiries from brokers. Management began a plan in mid 2011 to cautiously increase rents at the Complex while maintaining current occupancy levels in anticipation of re-testing the market for a possible sale of the Complex. Rents have increased by approximately 3.1% while high occupancy levels have been maintained. There can be no assurance that an acceptable offer may be received. Notwithstanding the foregoing, if a sale of the Complex were to occur, Registrant intends to distribute the net proceeds received to its partners in accordance with the terms and conditions of Registrant’s Agreement of Limited Partnership (the “Partnership Agreement”). At such time, Registrant intends to dissolve.

Registrant’s ability to make future distributions to its partners, and the amount and timing of such distributions, if any, will depend on Carrollton’s cash flow and reserve levels, among other things. Accordingly, there can be no certainty as to the payment of future distributions or the amount and timing thereof.

Registrant's primary source of funds is currently rents generated by Carrollton. Registrant's investment is considered highly illiquid.

In the event a sale of the Complex does not take place, Registrant is not expected to have access to additional sources of financing. Accordingly, if unforeseen contingencies arise that cause Carrollton to require capital in addition to that contributed by Registrant and any equity of the Carrollton General Partners, potential sources from which such capital needs will be able to be satisfied (other than reserves) would be additional equity contributions or voluntary loans from the Carrollton General Partners (which are not required to fund such amounts) or other reserves, if any, which could adversely impact distributions from Carrollton to Registrant of operating cash flow and any sale or refinancing proceeds.

Registrant formerly held an interest in Columbia Westmont Associates, L.P. (“Columbia”), which sold its underlying property in 2006. After an appeal, Columbia received a real estate tax refund for a prior year in the amount of approximately $998,000, which amount is net of professional fees incurred in connection with the appeal. Registrant and the general partners of Columbia are currently undergoing discussions and seeking guidance in an effort to determine how the funds received should be characterized and applied under the terms of Columbia’s partnership agreement, and the amount, if any, that should be paid to Registrant and the other partners of Columbia.

In December 2010, The Equal Rights Center (“ERC” or “Plaintiff”) filed a Complaint (the “Initial Complaint”) against Carrollton, Carrollton’s management agent and two individual leasing agents (collectively, the “Defendants”), alleging that the Defendants had “engaged in a pattern and practice of discrimination on the basis of national origin in violation of the Fair Housing Act.” The allegations of the Plaintiff were based on a sampling of three tester applicants sent to the Complex in 2009, notwithstanding the fact that each of the tester applicants was offered an application to rent an apartment at the Complex but never followed through with the Complex. The Initial Complaint was not based on any individual complaint by any actual real tenant or prospective real tenant. Plaintiff sought to obtain injunctive relief and damages to ERC. The Defendants were successful in obtaining a dismissal of the Initial Complaint. In February 2011, ERC recast the Initial Complaint and filed a second complaint (the “Second Complaint”) basically making the same allegations as in the Initial Complaint. Defendants timely answered the Second Complaint and denied all of ERC’s allegations. The parties are currently engaged in discovery, and the Defendants are vigorously defending the lawsuit and are preparing to move for summary judgment. The Defendants are optimistic that they will prevail in the lawsuit. However, notwithstanding the foregoing, Carrollton has already incurred significant legal expenses as a result of this matter and anticipates incurring additional legal expenses in the future. Accordingly, an estimate of the ultimate loss or ultimate range of loss cannot be made at this time.

SECURED INCOME L.P. AND SUBSIDIARY

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

Results of Operations

Registrant’s cash and cash equivalents decreased by approximately $223,000 during the nine months ended September 30, 2012, resulting primarily from the payment of legal fees incurred in connection with the litigation discussed above under Liquidity and Capital Resources. Property and equipment decreased as a result of depreciation expense. Mortgage escrow deposits and accounts payable and accrued expenses decreased while prepaid expenses increased in the ordinary course of operations. Replacement reserve decreased primarily as a result of a withdrawal received during the period for certain capital expenditures made during the year ended December 31, 2011. Mortgage payable decreased as a result of principal payments on Carrollton’s mortgage.

The discussion below refers primarily to the operations of Carrollton and not to that of Registrant as a whole.

Three Months Ended September 30, 2012

During the three months ended September 30, 2012, Carrollton's operations resulted in a net loss of approximately $47,000, which includes financial expenses and depreciation and amortization of approximately $120,000 and approximately $99,000, respectively. Accordingly, Carrollton generated income from operating activities prior to financial expenses and depreciation and amortization of approximately $172,000. Mortgage principal payments during the period were approximately $71,000. After considering the mandatory mortgage principal payments and required deposits net of withdrawals to mortgage escrows and the replacement reserve, among other things, Carrollton’s operations resulted in negative cash flow of approximately $24,000 during the three months ended September 30, 2012.

Registrant’s results of operations as a whole for the three months ended September 30, 2012 reflect a decline as compared to the three months ended September 30, 2011 primarily as a result of (i) legal fees incurred by Carrollton in connection with the litigation discussed above under Liquidity and Capital Resources and (ii) an increase in Carrollton’s financial expenses resulting primarily from a refund in 2011 of overpaid mortgage insurance premiums in prior years, all partially offset by an increase in rental revenue resulting from an increase in market rental rates.

As of September 30, 2012, the occupancy of the Complex was approximately 100%. In the event a sale of the Complex does not take place, the future operating results of Carrollton will be extremely dependent on market conditions and therefore may be subject to significant volatility.

Three Months Ended September 30, 2011

During the three months ended September 30, 2011, Carrollton's operations resulted in net income of approximately $54,000, which includes financial expenses and depreciation and amortization of approximately $81,000 and approximately $109,000, respectively. Accordingly, Carrollton generated income from operating activities prior to financial expenses and depreciation and amortization of approximately $244,000. Mortgage principal payments during the period were approximately $67,000. After considering the mandatory mortgage principal payments and required deposits net of withdrawals to mortgage escrows and the replacement reserve, among other things, Carrollton generated cash flow of approximately $91,000 during the three months ended September 30, 2011. As of September 30, 2011, the occupancy of the Complex was approximately 99%.

SECURED INCOME L.P. AND SUBSIDIARY

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

Nine Months Ended September 30, 2012

During the nine months ended September 30, 2012, Carrollton's operations resulted in a net loss of approximately $173,000, which includes financial expenses and depreciation and amortization of approximately $366,000 and approximately $296,000, respectively. Accordingly, Carrollton generated income from operating activities prior to financial expenses and depreciation and amortization of approximately $489,000. Mortgage principal payments during the period were approximately $210,000. After considering the mandatory mortgage principal payments and required deposits net of withdrawals to mortgage escrows and the replacement reserve, among other things, Carrollton’s operations resulted in negative cash flow of approximately $27,000 during the nine months ended September 30, 2012.

Registrant’s results of operations as a whole for the nine months ended September 30, 2012 reflect a decline as compared to the nine months ended September 30, 2011 primarily as a result of (i) legal fees incurred by Carrollton in connection with the litigation discussed above under Liquidity and Capital Resources and (ii) an increase in Carrollton’s financial expenses resulting primarily from a refund in 2011 of overpaid mortgage insurance premiums in prior years, all partially offset by (i) an increase in rental revenue resulting from an increase in market rental rates and a decrease in other expenses.

Nine Months Ended September 30, 2011

During the nine months ended September 30, 2011, Carrollton's operations resulted in net income of approximately $164,000, which includes financial expenses and depreciation and amortization of approximately $337,000 and approximately $328,000, respectively. Accordingly, Carrollton generated income from operating activities prior to financial expenses and depreciation and amortization of approximately $829,000. Mortgage principal payments during the period were approximately $197,000. After considering the mandatory mortgage principal payments and required deposits net of withdrawals to mortgage escrows and the replacement reserve, among other things, Carrollton generated cash flow of approximately $346,000 during the nine months ended September 30, 2011.

Critical Accounting Policies and Estimates

The accompanying unaudited consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which requires Registrant to make certain estimates and assumptions. The following section is a summary of certain aspects of those accounting policies that may require subjective or complex judgments and are most important to the portrayal of Registrant’s consolidated financial condition and results of operations. Registrant believes that there is a low probability that the use of different estimates or assumptions in making these judgments would result in materially different amounts being reported in the accompanying unaudited consolidated financial statements.

Registrant records its real estate assets at cost less accumulated depreciation and, if there are indications that impairment exists, adjusts the carrying value of those assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360; Subtopic 10. In accordance with ASC Topic 360; Subtopic 10, long-lived assets, primarily property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner in which an asset is used, or a significant adverse change that would indicate that the carrying amount of an asset or group of assets is not recoverable. For long-lived assets, Registrant recognizes an impairment loss only if its carrying amount is not recoverable through its undiscounted cash flows and measures the impairment loss based on the difference between the carrying amount and estimated fair value. No such adjustment for impairment loss is required as of September 30, 2012.

SECURED INCOME L.P. AND SUBSIDIARY

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

Forward-Looking Information

As a cautionary note, with the exception of historical facts, the matters discussed in this quarterly report on Form 10-Q are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Forward-looking statements may relate to, among other things, current expectations, forecasts of future events, future actions, future performance generally, business development activities, capital expenditures, strategies, the outcome of contingencies, future financial results, financing sources and availability and the effects of regulation and competition. Words such as “anticipate,” “expect,” “intend,” “plan,” “seek,” “estimate” and other words and terms of similar meaning in connection with discussions of future operating or financial performance signify forward-looking statements. Registrant may also provide written forward-looking statements in other materials released to the public. Such statements are made in good faith by Registrant pursuant to the “Safe Harbor” provisions of the Reform Act. Registrant undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Such forward-looking statements involve known risks, uncertainties and other factors that may cause Registrant’s actual results of operations or actions to be materially different from future results of operations or actions expressed or implied by the forward-looking statements.

Item 3. Quantitative and Qualitative Disclosure About Market Risk.

None.

Item 4. Controls and Procedures.

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed by Registrant in reports that Registrant files or submits under the Exchange Act is recorded, processed, summarized and timely reported as provided in SEC rules and forms. Registrant periodically reviews the design and effectiveness of its disclosure controls and procedures, including compliance with various laws and regulations that apply to its operations. Registrant makes modifications to improve the design and effectiveness of its disclosure controls and procedures, and may take other corrective action, if its reviews identify a need for such modifications or actions. In designing and evaluating the disclosure controls and procedures, Registrant recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

Registrant has carried out an evaluation, under the supervision and the participation of its management, including the Chief Executive Officer and Chief Financial Officer of Wilder Richman Resources Corporation (“WRRC”), one of Registrant’s general partners, of the effectiveness of the design and operation of its disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act), as of the three months ended September 30, 2012. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer of WRRC concluded that Registrant’s disclosure controls and procedures were effective as of September 30, 2012.

There were no changes in Registrant’s internal control over financial reporting during the three months ended September 30, 2012 that have materially affected, or are reasonably likely to materially affect, Registrant’s internal control over financial reporting.

SECURED INCOME L.P. AND SUBSIDIARY

Part II - Other Information.

Item 1.	Legal Proceedings.

	See Item 2 of Part I regarding litigation involving Carrollton X Associates Limited Partnership.

Item 1A.	Risk Factors.

	Registrant is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this Item.

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.

	None.

Item 3.	Defaults Upon Senior Securities.

	None.

Item 4.	Mine Safety Disclosures.

	None.

Item 5.	Other Information.

	None.

Item 6.	Exhibits.

	Exhibit 31.1 - Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
	Exhibit 31.2 - Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.
	Exhibit 32.1 - Section 1350 Certification of Chief Executive Officer.
	Exhibit 32.2 - Section 1350 Certification of Chief Financial Officer.
	Exhibit 101.ins - XBRL Instance.*
	Exhibit 101.xsd - XBRL Schema.*
	Exhibit 101.cal - XBRL Calculation.*
	Exhibit 101.def - XBRL Definition.*
	Exhibit 101.lab - XBRL Label.*
	Exhibit 101.pre - XBRL Presentation.*

	*The XBRL related information in Exhibit 101 shall not be deemed “filed” for purposes of Section 18 ofthe Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section and shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on the 12th day of November 2012.

SECURED INCOME L.P.

By:	Wilder Richman Resources Corporation, General Partner

	By:	/s/Richard Paul Richman
		Richard Paul Richman
		Chief Executive Officer and Director

	By:	/s/James Hussey
		James Hussey
		Chief Financial Officer

	By:	/s/Robert H. Wilder, Jr.
		Robert H. Wilder, Jr.
		Executive Vice President and Director

By:	WRC-87A Corporation, General Partner

	By:	/s/Christine E. Simpson
		Christine E. Simpson
		President and Director

	By:	/s/Richard Paul Richman
		Richard Paul Richman
		Executive Vice President, Treasurer and Director

SECURED INCOME L P 10-Q