It’s one of the biggest questions in the 1st Congressional District race: How much of his own money is Democrat Anthony Gemma willing to spend on his primary challenge against David Cicilline?

Gemma – who says he’ll make an announcement Sunday “that will positively impact the political, economic, and cultural fates of Rhode Island” – isn’t talking about his financial wherewithal. He previously disclosed his annual income from a range of sources as totaling between $131,005 and $285,000 in 2009.

Gemma will enter the race carrying a significant financial burden from his 2010 primary bid, when he came in second to Cicilline. As of March 31, the candidate still owed himself $197,132 from three outstanding loans he made in 2010 to his campaign, according to a Federal Election Commission disclosure form he filed on Thursday.

The biggest debt is a $114,500 secured home-equity loan Gemma took out in June 2010, at an interest rate of 3.99%. There is also a balance on two unsecured personal loans he made to his last campaign, one for $6,000 that June and another for $76,632 that August, both at an interest rate of 0.74%.

Cicilline is also carrying debt from the 2010 campaign. Cicilline owed himself $70,000 as of Dec. 31 from an unsecured personal loan he made on Nov. 1, 2010; the interest rate is 3%. Republican Brendan Doherty made a $50,000 unsecured personal loan to his campaign when he launched it last May and did not list an interest rate.

Gemma filed a separate FEC disclosure on Wednesday that revealed Jennifer D’Ambra has replaced Randall Sacilotto as his campaign’s treasurer. D’Ambra, an administrative director at the Gemma family’s Gem Plumbing & Heating Co., was previously the campaign’s deputy treasurer. The new deputy treasurer is Michael Giblin, who was a field director for Gemma in 2010.