Overview
What is Federal Hill Commerce Association?
The Federal Hill Commerce Association is a nonprofit organization situated in Providence, Rhode Island, specifically at 536 Atwells Avenue, 02909. Its primary objective is to drive progress, stimulate growth, and enhance the Federal Hill area. The association carries out this mission by fostering development, promoting, and advocating for improvements within the designated geographical boundaries under its jurisdiction. The Federal Hill Commerce Association plays a crucial role in the community, working tirelessly towards the betterment of its area.
Official website here: www.federalhillprov.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) with an overall score of 69%. This rating reflects concerns regarding the organization's accountability and financial transparency, as several essential governance policies are missing.
The Federal Hill Commerce Association demonstrates some strengths, particularly in having 100% independent board members and a high program expense ratio of 99.23%, indicating that almost all its expenditures are directed towards its programs. However, the absence of key policies such as a conflict of interest and whistleblower policy raises red flags about operational integrity and governance standards.
Additionally, the organization has not posted its financial statements on its website, which is a significant gap in transparency. While it does have documented board meeting minutes and a satisfactory liabilities to assets ratio, the overall lack of comprehensive financial documentation limits stakeholders' ability to fully assess its fiscal health and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Federal Hill Commerce Association legitimate?
Federal Hill Commerce Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federal Hill Commerce Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $51,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.federalhillprov.com
What is the mission statement of Federal Hill Commerce Association?
The Federal Hill Commerce Association's mission is centered around fostering development, promotion, and enhancements within the designated areas under its jurisdiction. Their primary objective is to contribute positively to the improvement of the Federal Hill area, working diligently to promote its growth and development. Their activities aim to create a more vibrant and prosperous environment, ultimately benefiting the community as a whole.
Official website here: www.federalhillprov.com
Who is the CEO of Federal Hill Commerce Association?
Rick Simone is the President of Federal Hill Commerce Association.
Official website here: www.federalhillprov.com
What is the revenue of Federal Hill Commerce Association?
Federal Hill Commerce Association's revenue in 2022 was $663,077.
Official website here: www.federalhillprov.com
Who are the executives of Federal Hill Commerce Association and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.federalhillprov.com
Where can I find the form 990 for Federal Hill Commerce Association?
Federal Hill Commerce Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.federalhillprov.com
Learn more at the official website: www.federalhillprov.com
Mission Statement of Federal Hill Commerce Association
The Federal Hill Commerce Association, as per its mission statement, is dedicated to fostering the development, promotion, and improvements within the areas under its jurisdiction. This nonprofit organization actively works towards promoting growth, fostering development, and enhancing the overall condition of the designated areas. By doing so, the Federal Hill Commerce Association aims to contribute positively to its community's well-being and development.
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Impact
July, 2024
The Federal Hill Commerce Association plays a crucial role in fostering development, promoting businesses, and improving the overall quality of the Federal Hill area in Providence, Rhode Island. Through its initiatives and efforts, the association positively impacts the community by enhancing the local economy, supporting businesses, and creating a more vibrant and attractive neighborhood for residents and visitors alike.
This information is meant to be a general summary of Federal Hill Commerce Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $117,733
- Gross Receipts: $663,077
Assets and Liabilities:
- Total Assets: $110,153
- Total Liabilities: $35,400
- Net Assets: $74,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$117,733
Organization Details
Founding Year
1985
Phone
(401) 432-7783Principal Officer
Rick Simone
Main Address
536 ATWELLS AVENUE, PROVIDENCE, RI, 02909
Website
www.federalhillprov.comNTEE Category
Code: S20 - Community improvement
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