2023 Form 6 · annual filing (Commission on Ethics) · received 2024-06-03 · 5 pages (text)
Net worth$8,321,932
Income listed$557,325
Real estate$1,721,000
Debts listed$0
Worth a look0
Where listed income comes from
Other / unclassified 55% $307,592 · Fausto's Food Palace, LLC - Wages, Fausto's Food Palace, LLC - Business Income
Investments & retirement 37% $207,786 · Ally Bank - Interest Income, Fausto's Food Palace, LLC - Dividends, Charles Schwab - Dividends & Interest, Ascensus Trust - IRA Distribution, Charles Schwab - IRA Distribution, Social Security Income
Government & public payroll 5% $25,297 · City of Key West - Wages
Banking, mortgage & lending 3% $15,042 · First State Bank - Business Income
Real estate 0% $1,608 · Fausto's Investment, Inc - Net Rental Income
Worth a look 0
Nothing stood out under the current rules.
Context 4
ContextUnusual reporting
Net worth $8,321,932; listed items add up to $8,321,932
Reported net worth: $8,321,932. Household goods + listed assets − listed liabilities = $8,321,932. They roughly agree.
What to check
No action needed unless other items look off.
Rule: Net worth vs. listed items
“Simply subtracting your liabilities from your assets will not result in an accurate net worth figure in most cases.”2023 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works
ContextIncome & business ties
Earns from 5 separate employers or businesses
Several distinct earned-income sources (excluding investments, retirement and Social Security).
What to check
Are any of these sources connected to each other or to the office sought?
Reports a net worth of $8,321,932 — a multimillionaire on paper
Net worth is the filer's own figure. Being wealthy isn't a problem; it's context for comparing candidates and for reading the rest of the form.
What to check
Compare with the other candidates in the race.
Check that the large assets below are described and valued clearly.
Rule: Net worth tier
“Report your net worth as of”2023 Form 6 instructions, Net Worth ✓ quoted from the saved instructions · how this rule works
ContextWealth & holdings
Real estate worth $1,721,000 (21% of net worth)
Real estate holdings, as listed.
What to check
Look the parcels up with the county property appraiser: land use (vacant or improved), assessed value and when they were bought.
Check whether any listed liability is a mortgage on these properties.
Rule: Real estate holdings
“Real property: Identify by providing the street address of the property.”2023 Form 6 instructions, Assets ✓ quoted from the saved instructions · how this rule works
Where to look next
These links open official public records, built from what the filer disclosed. They're searches you run yourself — results may include other people or companies with similar names.
Secondary sources (major customers of businesses owned)
Reported as “N/A”.
Interests in specified businesses
Reported as “N/A”.
Companies on the state register
Companies this filing names, as the Division of Corporations lists them. Their role is shown when the filer is an officer or registered agent. A company matched by name only is shown just when it's active. How these are matched