Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Joseph D. Morelle (D-NY)
House · Democrat (most recent term) · NY-25 · in Congress 2018–present · Bioguide ID M001206
Party history: D 2018–present. Source: term data in unitedstates/congress-legislators (CC0); party shown is as recorded per term there.
Estimated net worth (from public disclosures)
| Estimate | Report year | Low | Mid | High |
|---|---|---|---|---|
| (a) Estimated net worth before entering office (report year 2018, the member's first year in office) | 2018 | $101,028 | $409,514 | $717,999 |
| (b) Latest net worth estimate | 2025 | $89,022 | $475,510 | $861,999 |
| (c) Estimated gain / loss, nominal dollars, 2018 → 2025 (7 years spanned) | 2018–2025 | −$628,977 | +$65,997 | +$760,971 |
Gain Low = latest Low − earliest High; Gain High = latest High − earliest Low (widest possible spread); Mid = latest Mid − earliest Mid.
Reliability flags (net worth): none for these two endpoints. Included in the recommended dollar-gain ranking.
Net worth by report year (mid; Low–High)
| Report year | Assets (mid) | Liabilities (mid) | Net worth mid | Low … High | Status / flags |
|---|---|---|---|---|---|
| 2018 | $484,514 | $75,000 | $409,514 | $101,028 … $717,999 | computed |
| 2019 | $486,016 | $432,502 | $53,513 | −$398,969 … $505,995 | computed |
| 2020 | $499,006 | $325,002 | $174,004 | −$179,988 … $527,997 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2021 | $371,006 | $282,502 | $88,505 | −$220,987 … $397,997 | computed |
| 2022 | $322,006 | $207,501 | $114,506 | −$148,987 … $377,998 | computed |
| 2023 | $371,507 | $207,501 | $164,006 | −$120,986 … $448,998 | computed |
| 2024 | $602,008 | $207,501 | $394,506 | $33,015 … $755,998 | computed |
| 2025 | $650,511 | $175,000 | $475,510 | $89,022 … $861,999 | computed |
- What this is: Net worth = Schedule A assets (each value range at its midpoint; low–high range shown) minus Schedule D liabilities (midpoints / ranges). Low = assets at range floors minus liabilities at range ceilings; Mid = midpoints; High = assets at ceilings minus liabilities at floors. Low and High are outer bounds of the reported ranges, not likely outcomes.
- What it excludes / understates: exact values (only ranges are reported); a personal residence is not reported as an asset (although a mortgage on it may be listed as a liability, which then lowers the estimate); retirement and federal accounts (e.g. Thrift Savings Plan, defined-benefit pensions) are only partly or not reported; assets of excepted/blind trusts, cash held below reporting thresholds, vehicles, household goods and most spouse/dependent items exempt from reporting are not included; liabilities on a personal residence, revolving credit under thresholds and loans to family may be omitted by filers.
- Open-ended top ranges (e.g. “Over $50,000,000”) are counted at their lower bound and flagged, so such values are understated.
- The change is a change in estimated net worth in nominal dollars (no inflation adjustment). It includes salary, gifts, inheritances, business income and re-valuation as well as investment results, and it is subject to range-bracket noise; it is not an investment return and implies nothing about conduct.
Read this first. Members report asset values only as ranges (e.g. “$15,001 – $50,000”), never exact dollars. Every figure below is an estimate computed from range midpoints, not a measured return. Figures cannot be interpreted as investment performance, and they do not show wrongdoing or skill. Methodology and limitations are at the end and in the project README. Sources: public financial disclosure reports filed with the Clerk of the U.S. House of Representatives and/or the Secretary of the Senate (Senate eFD), linked below.
Avg. annual change (geometric, est.)+2.8%
Simple average of years+5.6%
Years estimated5
Best / worst single year2024 +58%
2022 -13%
2022 -13%
Reliability flags: 1 year(s) driven by income/one position/range artefact; 1 unparsed value(s).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): +6.5% to +1.5%. This band is narrow because it moves both years together; the true uncertainty is larger — see the per-year “strict envelope” column and the limitations.
Estimated year-over-year change
Bars: midpoint estimate; whisker: same-position floor/ceiling band. Axis clipped to −100%…+150%. Years with insufficient traceable holdings are omitted.
| Year (t−1 → t) | Opening value (mid) | Closing value (mid) | Income (mid) | Buys (mid) | Sales (mid) | Est. gain | Same-position band | Strict envelope | Traced coverage | Status / flags |
|---|---|---|---|---|---|---|---|---|---|---|
| 2018→2019 | $24,002 | $24,002 | $100 | $0 | $0 | +0.4% | +0.0% … +0.4% | -175% … +176% | 5% | excluded; not eligible: traced prior-year value below $50,000 |
| 2019→2020 | $478,015 | $324,006 | $603 | $0 | $128,506 | -5.2% | -6.2% … -1.5% | -117% … +107% | 98% | counted |
| 2020→2021 | $56,502 | $178,504 | $603 | $97,502 | $0 | +44.4% | +38.1% … +77.8% | -297% … +386% | 17% | excluded; not eligible: traced coverage 17% < 60%; high turnover (buys+sells > 100% of opening value); many new/exited positions |
| 2021→2022 | $371,006 | $322,006 | $1,603 | $0 | $0 | -12.8% | -15.4% … -11.9% | -111% … +85% | 100% | counted |
| 2022→2023 | $265,504 | $233,504 | $302 | $0 | $0 | -11.9% | -12.2% … -11.3% | -105% … +82% | 82% | counted |
| 2023→2024 | $362,506 | $570,006 | $1,502 | $0 | $0 | +57.7% | +48.7% … +85.1% | -60% … +175% | 98% | counted; single position drives the result (range jump) |
| 2024→2025 | $586,006 | $586,006 | $201 | $0 | $0 | +0.0% | +0.0% … +0.0% | -87% … +87% | 97% | counted |
Filings used
Each annual-report year uses one filing (most recently filed version among originals/amendments whose Schedule A row count is ≥ 40% of the largest). Electronic (text) PDFs are parsed. Scanned/image-only filings are OCR-read and used only if they pass the explicit validation gates described in the project README (value/income coverage, two-engine agreement, exact bracket snapping, page completeness, year-to-year position continuity); such years are labelled OCR-derived below. Scanned filings that fail validation are listed as “insufficient data – scanned”.
| Report year | Doc ID | Type | Filed | Schedule A rows | Rows with unparsed value | Source (official filing) / SHA-256 |
|---|---|---|---|---|---|---|
| 2018 | 10023485 | House amendment | 5/18/2018 | 28 | 0 | 10023485.pdf745c2b845f7d22594916cbb480fe8abae467c05cb99de9e1cf6c58846a6c39c3 |
| 2019 | 10050662 | House amendment | 12/15/2022 | 31 | 0 | 10050662.pdf47a5a5b0fccbaf737e1f291bfd7e1f506fe36da8a21984e4448aebe523c9b187 |
| 2020 | 10050663 | House amendment | 12/15/2022 | 33 | 1 | 10050663.pdf8eba457ddde60be5b6e342ec86e17531815d002f16b328beddf612e5742f2c1f |
| 2021 | 10047569 | House annual | 5/12/2022 | 13 | 0 | 10047569.pdfb09b955b4e10f0f2d63da306e0e94ca8ba48c6b78b0c822f6ca98630c063967e |
| 2022 | 10054548 | House annual | 5/24/2023 | 13 | 0 | 10054548.pdffcb9ae3970bd9bbca3a8c3fa75ae9c5da7bcb9e3b81a813dce5e74cf141599cb |
| 2023 | 10060705 | House annual | 5/14/2024 | 14 | 0 | 10060705.pdff4e20515403b0ff09417e87fa0709cd124e7448b726bd2e55a2d6741bb3dd8c9 |
| 2024 | 10068699 | House annual | 7/25/2025 | 15 | 0 | 10068699.pdf46041fb041e7d17ebd19c9a55d834ed30241b5a3465da1734d0d1c74b6694ac4 |
| 2025 | 10078020 | House annual | 8/12/2026 | 23 | 0 | 10078020.pdf5785a85ac63a2a90d411341d3c0c286c8f99847015b0e4d66cf7b6c1b0da1c51 |
Largest movers 2022→2023
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| American Express National Bank [BA] | JT | held | $15,001 - $50,000 | $1 - $1,000 | $0 | $0 |
| American Funds - New Perspective Fund-F1 (NPFFX), 100% Interest, 100% Interest [PE] | SP | held | $100,001 - $250,000 | $100,001 - $250,000 | $0 | $0 |
| Putnam Equity Income Fund Class A (PEYAX) [MF] | JT | held | $1 - $1,000 | $1 - $1,000 | $0 | $0 |
| Putnam Sustainable Leaders Fund Class A (PNOPX) [MF] | JT | held | $1 - $1,000 | $1 - $1,000 | $0 | $0 |
| Prudential Insurance Universal Life [WU] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| United States Savings Bonds Series E [BA] | — | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| Putnam Growth Opportunities Fund Class A (POGAX) [MF] | JT | held | $1 - $1,000 | $1 - $1,000 | $0 | $0 |
| Vanguard Value ETF (VTV) [EF] | JT | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
Largest movers 2023→2024
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| American Funds - New Perspective Fund-F1 (NPFFX), 100% Interest, 100% Interest [PE] | SP | held | $100,001 - $250,000 | $250,001 - $500,000 | $0 | $0 |
| American Express National Bank [BA] | JT | held | $1 - $1,000 | $1,001 - $15,000 | $0 | $0 |
| Putnam Equity Income Fund Class A (PEYAX) [MF] | JT | held | $1 - $1,000 | $1 - $1,000 | $0 | $0 |
| Invesco Dynamic Leisure and Entertainment ETF [EF] | JT | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
| Prudential Insurance Universal Life [WU] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| United States Savings Bonds Series E [BA] | — | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| Fidelity MMKT Premium Class [BA] | JT | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
| M&T Bank [BA] is reflected in this filing. | — | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
Largest movers 2024→2025
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Putnam Equity Income Fund Class A (PEYAX) [MF] | JT | held | $1 - $1,000 | $1 - $1,000 | $0 | $0 |
| MetLife Universal Life [WU] | — | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| Prudential Insurance Universal Life [WU] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| American Express National Bank [BA] | JT | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| Fidelity MMKT Premium Class [BA] | JT | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
| M&T Bank [BA] is reflected in this filing. | — | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
| Putnam Growth Opportunities Fund Class A [MF] | JT | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| Vanguard Value ETF (VTV) [EF] | JT | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
Method (summary)
- Schedule A asset rows are read from each annual report; the dollar range for each row is converted to its midpoint. Open-ended top ranges (“Over $50,000,000”) are excluded from the traced set and counted as a coverage loss.
- Positions are matched year to year by owner code (self/SP/DC/JT) + normalised asset name. A position that appears only in year t is included only if Schedule B shows a purchase of it in year t (opening value 0); a position that disappears is included only if Schedule B shows a sale (closing value 0). Otherwise it is excluded as unexplained.
- Estimated gain = (closing − opening + reported income − purchases + sale proceeds) ÷ opening, all at midpoints, for the traced positions. “Capital gains” income is not added again (it is already in value change and sale proceeds).
- A year counts only if traced opening value ≥ $50,000 and traced coverage ≥ 60% of the opening midpoint. A member is ranked only with ≥ 3 such years (exactly 2 = “limited data”, shown but unranked). Average = geometric mean of (1+yearly estimate).
Limitations
- Ranges are wide (up to a factor of 5 or more, and up to $50M+ open-ended); a holding can move between ranges without any real change in value, and stay in a range while moving materially. Yearly estimates are therefore noisy; the “strict envelope” shows the mathematical worst/best case and is typically wider than ±100%.
- Purchases and sales are only disclosed as ranges and only for transactions over $1,000; partial sales, dividend reinvestment, spousal/dependent accounts and retirement-plan funds are reported inconsistently. Excepted/blind trusts, personal residences and certain pensions are not reported at all.
- Filers sometimes change how they list assets (e.g. listing a brokerage account vs. its individual holdings), which can make positions untraceable across years; these are excluded rather than guessed.
- Asset values in an annual report are as of Dec 31 of the reporting year; the report year t−1→t covers that calendar year. Late or amended filings are used when filed; extensions can delay them.
- The text of these reports is machine-parsed from PDFs; parse errors are possible. Every number links back to the cited filing. This is not investment advice.
- Use of these filings is restricted by 5 U.S.C. § 105(c) (no unlawful, commercial or credit-rating purpose, and none for solicitation of money).
Generated 2026-10-01 by an automated pipeline. Data: Office of the Clerk, U.S. House of Representatives (disclosures-clerk.house.gov); member roster: unitedstates/congress-legislators (CC0).