Bass, Shaheen Top Delegation in Net Worth

by Fergus Cullen (fergus@ferguscullen.com)

Updated personal financial disclosure statements filed by New Hampshire’s federal delegation are now public. The reports cover 2010 and exclude the value of primary residences, unless otherwise noted.

Senator Jeanne Shaheen (report here):

Senator Shaheen’s net worth falls between $879,020 and $4,679,992. Senator Shaheen and her husband list assets of between $3,479,020 and $6,010,000. They also list eight mortgages on commercial or rental properties totaling between $1,330,008 and $2,600,000. Among the Shaheen’s investment interests are real estate properties in Dover, Concord, Manchester, Madbury, and York, Maine; a salon in Dover; more than $500,000 in JID LLC, a software company in Portsmouth; and three promissory notes, one of which is with the Shaheen & Gordon law firm.

The Shaheens appear to have taken on more debt since Senator Shaheen’s 2009 disclosure, when they listed five mortgages or promissory notes totaling between $650,005 and $1,500,000. In that disclosure, the Shaheens listed assets of between $2,629,021 and $5,510,000, leaving a net worth of between $1,129,021 and $4,859,995.

Senator Kelly Ayotte (report here):

Senator Ayotte’s net worth is between $87,013 and $784,995. Ayotte and her husband list assets of between $302,013 and $855,000. This includes the stated value of Ayotte’s self-employed contractor husband’s business, Daley Outdoor Services, listed at between $100,001 and $250,000. The business lists five truck and equipment debts totaling between $70,005 and $215,000.

Congressman Charlie Bass (report here):

Bass reported assets of between $3,164,019 and $9,712,000 and zero debts or liabilities. The assets include the value of the Bass’s primary residence, in Peterborough, listed at between $1 million and $5 million, a property which includes a cottage that is occasionally rented out. Other Bass investments include interests in QM Power, a Missouri company working on alternative energy products; an architectural supply firm in Bethesda, Maryland; Verenium Corp, an alternative energy company; real estate in Sharon, NH, and Martha’s Vineyard; and between $500,001 and $1 million in stock in New England Wood Pellet of Jaffrey.

Bass reported earned income totaling $242,083 in 2010 from consulting work. Most of this came from two contracts through his partnership in EastPoint Strategies ($127,500 for Verenium Corp and $94,250 for Berlin Laidlaw Bio Power). Bass also earned income from the Republican Main Street Partnership ($8,333) and Berwin Private Equity ($12,000).

Bass’s 2009 disclosure, reported last year, listed assets of between $2,730,013 and $8,800,000 but did not include the value of his primary residence.

Congressman Frank Guinta (report here):

Congressman Frank Guinta’s net worth falls between a negative net worth of $222,984 and a positive net worth of $1,149,997, excluding the value of the Guinta’s primary residence in Manchester.

The Guintas list assets of between $377,016 and $1,430,000. The assets listed include the value of a Manchester rental property on Youville Street, listed at between $250,001 and $500,000. This property also carries a mortgage that is listed in the same range, between $250,000 and $500,000. Income from this property is disclosed at between $15,001 and $50,000 last year.

They list debts of between $280,003 and $600,000. This is comprised of student loans totaling between $30,002 and $100,000 and the mortgage debt on the rental property.

Guinta’s disclosure lists the value of the Guinta’s primary residence (between $250,001 and $500,000) but leaves blank the space where the amount of the mortgage on the property would be listed. Because of this inconsistency, the value of the home is left out of the net worth calculation above. Guinta is not obligated to list the property at all.

Absent from Guinta’s 2011 filing is any mention of the mystery Bank of America account valued at between $250,001 and $500,000 that first appeared on an amended disclosure report Guinta filed in July, 2010. Guinta’s most recent campaign finance report filed with the Federal Elections Commission lists $355,000 in personal loans owed to Guinta from his campaign committee. This asset, however, is not listed on Guinta’s personal financial disclosure report.

Author: Fergus Cullen

Fergus Cullen is a former chairman of the New Hampshire Republican Party (2007-2008) and an editorial page columnist for the New Hampshire Union Leader.

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