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Federal Hill Commerce Association

Foundation · Grantmaker Providence, RI EIN: 06-1482194 Website

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

Key facts about Federal Hill Commerce Association

EIN
06-1482194
Latest 990 filing
Form 990-PF, 2024
Total assets
$1,193,175

Data from IRS Form 990-PF, 2024; updated September 2026.

Next steps with Federal Hill Commerce Association

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

+1168.7% YoY

Revenue

$1.6M

+119.5% YoY

Net Investment Income

$6K

Expenses

$528K

-30.4% YoY

About Federal Hill Commerce Association

Based on IRS filings

Federal Hill Commerce Association is a nonprofit organization focused on Community Improvement & Capacity Building, based in Providence, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. Net investment income was $6K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

ProvidenceBarringtonLincolnPawtucket

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$448K$896K$1M$2M20202021202220232024
Metric202420232022
Total Assets$1,193,175$94,044$110,153
Revenue$1,629,658$742,531$663,077
Expenses$528,282$759,090$588,154
Qualifying Distributions———
Net Investment Income$5,765——
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$32K$63K$95K$127K0 grants20200 grants20210 grants202213 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

13 grants across all recorded years

13<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

Rick Simone — President: $156KRick SimonePresident$156KKen Turchetta — Director: $10KKen TurchettaDirector$10KDave Zarella — Director: $7KDave ZarellaDirector$7KChris Chabot — Secretary: $3KChris ChabotSecretary$3K

From 2024 IRS filing

NameTitleHoursCompensation
Armando BiscegliaChairman1—
Robert ZorabedianVice Chairman1—
Robert D'AmicoTreasurer1—
Chris ChabotSecretary1—
Dave ZarellaDirector1—
Jessica WilkinDirector1—
Clara BorgesDirector1—
Ken TurchettaDirector1—
Steve AndersonDirector1—
Rick SimonePresident20—

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Federal Hill Commerce Association?

Federal Hill Commerce Association is a nonprofit organization focused on Community Improvement & Capacity Building, based in Providence, RI. It holds $1.2M in total assets as of 2024.

How large is Federal Hill Commerce Association?

As of 2024, Federal Hill Commerce Association holds $1.2M in total assets with $1.6M in annual revenue.

Where does Federal Hill Commerce Association operate?

Federal Hill Commerce Association has awarded grants in Rhode Island.

What is Federal Hill Commerce Association's EIN?

Federal Hill Commerce Association's EIN (Employer Identification Number) is 06-1482194. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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