Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Tom Reed (R-NY)
House · Republican (most recent term) · NY-23 · in Congress 2010–2022 · Bioguide ID R000585
Party history: R 2010–2022. 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 at the earliest available report (2013); the member entered office earlier, in 2010 | 2013 | −$216,993 | $114,002 | $444,997 |
| (b) Latest net worth estimate | 2022 | −$496,997 | −$350,999 | −$205,001 |
| (c) Estimated gain / loss, nominal dollars, 2013 → 2022 (9 years spanned) | 2013–2022 | −$941,994 | −$465,001 | +$11,992 |
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 |
|---|---|---|---|---|---|
| 2013 | $439,004 | $325,002 | $114,002 | −$216,993 … $444,997 | computed |
| 2014 | $474,004 | $700,002 | −$225,998 | −$682,993 … $230,996 | computed |
| 2015 | $441,002 | $625,002 | −$183,999 | −$597,995 … $229,997 | computed |
| 2016 | $441,002 | $550,001 | −$108,998 | −$497,995 … $279,998 | computed |
| 2017 | $449,003 | $382,502 | $66,502 | −$296,994 … $429,997 | computed |
| 2018 | $431,003 | $382,502 | $48,502 | −$317,994 … $414,997 | computed; 1 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2019 | $223,502 | $382,502 | −$159,000 | −$432,996 … $114,997 | computed |
| 2020 | $123,502 | $175,000 | −$51,498 | −$182,996 … $79,999 | computed |
| 2021 | $24,002 | $375,000 | −$350,999 | −$496,997 … −$205,001 | computed |
| 2022 | $24,002 | $375,000 | −$350,999 | −$496,997 … −$205,001 | 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.)-13.8%
Simple average of years-9.9%
Years estimated3
Best / worst single year2016 +7%
2020 -44%
2020 -44%
Reliability flags: few years (3); 1 unparsed value(s).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): -13.6% to -13.8%. 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2013→2014 | $223,502 | $283,002 | $100 | $0 | $0 | +26.7% | +21.6% … +41.0% | -74% … +127% | 51% | excluded; not eligible: traced coverage 51% < 60% |
| 2014→2015 | $91,002 | $91,002 | $100 | $0 | $0 | +0.1% | +0.0% … +0.2% | -86% … +86% | 19% | excluded; not eligible: traced coverage 19% < 60% |
| 2015→2016 | $441,002 | $441,002 | $32,601 | $0 | $0 | +7.4% | +6.0% … +8.0% | -82% … +97% | 100% | counted |
| 2016→2017 | $441,002 | $441,002 | $32,601 | $0 | $0 | +7.4% | +6.0% … +8.0% | -82% … +97% | 100% | counted |
| 2017→2018 | $91,002 | $48,502 | $100 | $0 | $0 | -46.6% | -67.3% … -38.3% | -124% … +31% | 20% | excluded; not eligible: traced coverage 20% < 60% |
| 2018→2019 | $48,502 | $48,502 | $100 | $0 | $0 | +0.2% | +0.0% … +0.2% | -130% … +130% | 19% | excluded; not eligible: traced prior-year value below $50,000 |
| 2019→2020 | $223,502 | $123,502 | $701 | $0 | $0 | -44.4% | -45.1% … -42.6% | -118% … +29% | 100% | counted |
| 2020→2021 | $48,502 | $24,002 | $100 | $0 | $0 | -50.3% | -82.3% … -43.5% | -159% … +58% | 39% | excluded; not eligible: traced prior-year value below $50,000 |
| 2021→2022 | $24,002 | $24,002 | $100 | $0 | $0 | +0.4% | +0.0% … +0.4% | -175% … +176% | 100% | excluded; not eligible: traced prior-year value below $50,000 |
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 |
|---|---|---|---|---|---|---|
| 2013 | 10001604 | House annual | 5/12/2014 | 10 | 0 | 10001604.pdf2ba10a02953c4c8ececfde602cd74170d17e49f58bac49e5fcc3f2c6920616e5 |
| 2014 | 10008406 | House amendment | 8/10/2015 | 10 | 0 | 10008406.pdfa54f5351e649fe2c5393faa7e14fa9ddb7b1a91dbd407cc8de04efe65860460b |
| 2015 | 10011507 | House annual | 5/14/2016 | 7 | 0 | 10011507.pdf55ec2e4dd1b54512bd9df7d8ac71b5e8443aac75b52a3877d2c38b32be9554bf |
| 2016 | 10016804 | House annual | 5/15/2017 | 6 | 0 | 10016804.pdfdebc6f28f16dc40d45560ccfe5a0209497e75311c68d9ea8f198252287324e04 |
| 2017 | 10022013 | House annual | 5/10/2018 | 7 | 0 | 10022013.pdf64829bb66d6d15049980acf03b989f5817e60f28b7ac129eff80b68cb63bb912 |
| 2018 | 10026746 | House annual | 5/14/2019 | 7 | 1 | 10026746.pdf6582fcffce6ed7cc58ae2120263d6f070bffd88d9242f34df746405b887d9a9d |
| 2019 | 10038348 | House annual | 8/12/2020 | 8 | 0 | 10038348.pdfb0695b3c07452cd0fde3d728b9b668c34d1f9f2ad75b91ffabbe325c7b2613ca |
| 2020 | 10043016 | House annual | 8/11/2021 | 5 | 0 | 10043016.pdfefa3390ce99a42c31f9929675b499f735c1e2a62068a3e64b1e6d3a7b3e7a84d |
| 2021 | 10048576 | House annual | 5/13/2022 | 4 | 0 | 10048576.pdf69d326252a9e10ebe30608dbadc69c93f45fb084d9579e09203e94297b8f4b86 |
| 2022 | 10049586 | House amendment | 6/1/2022 | 4 | 0 | 10049586.pdf86650bccfdf5e56d2e71f789a9cb0e3befcd4c524f6f9cba99a704b3bba7eba0 |
Largest movers 2015→2016
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| M&T Bank Accounts | JT | held | $50,001 - $100,000 | $50,001 - $100,000 | $0 | $0 |
| Mineral Rights Land Tuscarora, NY | — | held | None | None | $0 | $0 |
| IRA Cadaret Grant ⇒ Corning Incorporated (GLW) | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| R and R Properties, LLC $250,000 | — | held | $100,001 - $250,000 | $100,001 - $250,000 | $0 | $0 |
| R and R Resource Recovery, LLC | SP | held | $100,001 - $250,000 | $100,001 - $250,000 | $0 | $0 |
| IRA Cadaret Grant ⇒ Level 3 Communications, Inc. (LVLT) | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
Largest movers 2016→2017
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| M&T Bank Accounts [BA] | JT | held | $50,001 - $100,000 | $50,001 - $100,000 | $0 | $0 |
| Mineral Rights Land Tuscarora, NY [RP] | — | held | None | None | $0 | $0 |
| IRA Cadaret Grant ⇒ Corning Incorporated (GLW) [ST] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| R and R Properties, LLC [OL] $250,000 | — | held | $100,001 - $250,000 | $100,001 - $250,000 | $0 | $0 |
| R and R Resource Recovery, LLC [OL] | SP | held | $100,001 - $250,000 | $100,001 - $250,000 | $0 | $0 |
| IRA Cadaret Grant ⇒ Level 3 Communications, Inc. (LVLT) [ST] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
Largest movers 2019→2020
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| USAA Certificate of Deposit [BA] | JT | held | $100,001 - $250,000 | $50,001 - $100,000 | $0 | $0 |
| M&T Bank Accounts [BA] | JT | held | $15,001 - $50,000 | $15,001 - $50,000 | $0 | $0 |
| IRA Cadaret Grant ⇒ Corning Incorporated (GLW) [ST] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $0 | $0 |
| IRA Cadaret Grant ⇒ Level 3 Communications, Inc. (LVLT) [ST] | SP | held | $1,001 - $15,000 | $1,001 - $15,000 | $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).