Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 06-1482194

FEDERAL HILL COMMERCE ASSOCIATION INC

Tax-exempt · PROVIDENCE, RI 02903

Financials

$743K$759K2023$1.6M$528K2024
Revenue Expenses · by fiscal year end
Financials of FEDERAL HILL COMMERCE ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,629,658$528,282$1,101,376$1,193,175$26,205$1,166,970
December 31, 2023990$742,531$759,090-$16,559$94,044$28,450$65,594
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,453,652
of which government grants
$1,434,887
Membership dues
$18,765
Program service revenue
$144,942
Investment income
$5,765
Net income from sales of inventory
$25,299
Other revenue
$25,299

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$187,210
Salaries, compensation and benefits (total)
$187,210
Professional fundraising fees
$0
Accounting fees
$2,000
Occupancy
$36,094
Program services (functional)
$289,952
Management and general (functional)
$238,330

Balance sheet and other

Total assets, start of year
$94,044
Total assets, end of year
$1,193,175
Total liabilities, end of year
$26,205
Net assets, end of year
$1,166,970
Net assets without donor restrictions
$2,298
Net assets with donor restrictions
$1,164,672
Gross receipts
$1,652,440
Employees
0
Volunteers
0
Year formed
1985
State of legal domicile
RI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RICK SIMONEPRESIDENT
Officer
20$0$187,210
DAVE ZARELLADIRECTOR
Trustee or director
1$0$13,800
KEN TURCHETTADIRECTOR
Trustee or director
1$0$13,301
CHRIS CHABOTSECRETARY
Trustee or director, Officer
1$0$2,354
ARMANDO BISCEGLIACHAIRMAN
Trustee or director, Officer
1$0$500
ROBERT ZORABEDIANVICE CHAIRMAN
Trustee or director, Officer
1$0$0
ROBERT D'AMICOTREASURER
Trustee or director, Officer
1$0$0
JESSICA WILKINDIRECTOR
Trustee or director
1$0$0
CLARA BORGESDIRECTOR
Trustee or director
1$0$0
STEVE ANDERSONDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
RICK SIMONEPRESIDENT
Officer
1$155,991
KEN TURCHETTADIRECTOR
Trustee or director
1$9,500
DAVE ZARELLADIRECTOR
Trustee or director
1$7,000
CHRIS CHABOTSECRETARY
Trustee or director, Officer
1$2,750
ARMANDO BISCEGLIACHAIRMAN
Trustee or director, Officer
1$0
ROBERT ZORABEDIANVICE CHAIRMAN
Trustee or director, Officer
1$0
ROBERT D'AMICOTREASURER
Trustee or director, Officer
1$0
JESSICA WILKINDIRECTOR
Trustee or director
1$0
CLARA BORGESDIRECTOR
Trustee or director
1$0
STEVE ANDERSONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
258 ATWELLS AVE, PROVIDENCE, RI 02903-1529
In care of
% RHEA RAY
Mailing address (990-N for 2018)
536 Atwells Ave, Providence RI 02909
Principal officer (990 for 2024)
RICK SIMONE, 258 ATWELLS AVENUE, PROVIDENCE, RI 02903
Principal officer (990-N for 2018)
Richard V Simone III, 83 Jenckes Hill Rd, Lincoln RI 02865
Signed the 990
RICK SIMONE, PRESIDENT
Phone
(401) 432-7783
Return prepared by
MULLEN SCORPIO & CERILLI

Mission

TO FOSTER DEVELOPMENT, PROMOTION AND IMPROVEMENTS OF THE AREAS DESIGNATED WITHIN ITS JURISDICATION.

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTING, FOSTERING DEVELOPMENT, AND IMPROVING THE FEDERAL HILL AREA.
    Expenses $289,952 · revenue $170,241

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
06-1482194
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,193,175
Income (IRS master file)
$1,652,440

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,629,658$528,282$1,193,175XML
990December 2023$742,531$759,090$94,044XML
990December 2022$663,077$588,154$110,153IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2019–––IRS
990-N for 2018
Officer: Richard V Simone III
December 31, 2018≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1482194).

Questions about FEDERAL HILL COMMERCE ASSOCIATION INC

What is the EIN of FEDERAL HILL COMMERCE ASSOCIATION INC?
The employer identification number (EIN) of FEDERAL HILL COMMERCE ASSOCIATION INC is 06-1482194.
Is FEDERAL HILL COMMERCE ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to FEDERAL HILL COMMERCE ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FEDERAL HILL COMMERCE ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FEDERAL HILL COMMERCE ASSOCIATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FEDERAL HILL COMMERCE ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FEDERAL HILL COMMERCE ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names RICK SIMONE.
Who are the officers and directors of FEDERAL HILL COMMERCE ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does FEDERAL HILL COMMERCE ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,629,658, expenses of $528,282 and total assets of $1,193,175 at year end.

Other nonprofits in PROVIDENCE

All nonprofits in PROVIDENCE · Rhode Island · Community improvement and capacity building