Civic Intelligence

Revere Chamber of Commerceinc

EIN 04-2686415 • 501(c)6 • Revere, MA

Profile

Organization devoted to helping the business community

313 BroadwayRevere, MA 02151

reverechamber.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

7th percentile

-99%

Higher net margin than 7% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$22,000

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 42.5% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

10th percentile

-80%

Faster asset growth than 10% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-33%

Faster revenue growth than 17% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$12,613

Down $51,478 (-80%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$12,613

Down $51,478 (-80%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin7th percentile

Revenue

Down

$51,765

Down $25,761 (-33%) from 2023

Expenses

Up

$103,243

Up $33,664 (+48%) from 2023

Net Income

Down

-$51,478

Down $59,425 (-748%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2010: $18,953Liabilities 2010: $2,395Net Assets 2010: $16,5582010Assets 2011: $14,189Liabilities 2011: $584Net Assets 2011: $13,6052011Assets 2012: $17,985Liabilities 2012: $837Net Assets 2012: $17,1482012Assets 2013: $41,385Liabilities 2013: $530Net Assets 2013: $40,8552013Assets 2014: $35,451Liabilities 2014: $1,039Net Assets 2014: $34,4122014Assets 2015: $19,067Liabilities 2015: $150Net Assets 2015: $18,9172015Assets 2016: $35,700Liabilities 2016: $716Net Assets 2016: $34,9842016Assets 2017: $30,492Liabilities 2017: $0Net Assets 2017: $30,4922017Assets 2018: $40,748Liabilities 2018: $0Net Assets 2018: $40,7482018Assets 2019: $47,360Liabilities 2019: $0Net Assets 2019: $47,3602019Assets 2020: $64,946Liabilities 2020: $0Net Assets 2020: $64,9462020Assets 2021: $64,077Liabilities 2021: $0Net Assets 2021: $64,0772021Assets 2022: $56,451Liabilities 2022: $0Net Assets 2022: $56,4512022Assets 2023: $64,091Liabilities 2023: $0Net Assets 2023: $64,0912023Assets 2024: $12,613Liabilities 2024: $0Net Assets 2024: $12,6132024

Highlighted filing

2024

Assets$12,613
Liabilities$0
Net Assets$12,613
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KExpenses 2010: $49,7192010Expenses 2011: $35,3022011Expenses 2012: $54,7302012Revenue 2013: $76,809Expenses 2013: $53,102Net Income 2013: $23,7072013Revenue 2014: $63,795Expenses 2014: $70,238Net Income 2014: -$6,4432014Revenue 2015: $40,238Expenses 2015: $54,766Net Income 2015: -$14,5282015Revenue 2016: $82,070Expenses 2016: $66,003Net Income 2016: $16,0672016Revenue 2017: $79,674Expenses 2017: $84,166Net Income 2017: -$4,4922017Revenue 2018: $83,010Expenses 2018: $72,754Net Income 2018: $10,2562018Revenue 2019: $73,423Expenses 2019: $66,811Net Income 2019: $6,6122019Revenue 2020: $37,485Expenses 2020: $19,899Net Income 2020: $17,5862020Revenue 2021: $19,200Expenses 2021: $20,068Net Income 2021: -$8682021Revenue 2022: $82,803Expenses 2022: $90,428Net Income 2022: -$7,6252022Revenue 2023: $77,526Expenses 2023: $69,579Net Income 2023: $7,9472023Revenue 2024: $51,765Expenses 2024: $103,243Net Income 2024: -$51,4782024

Highlighted filing

2024

Revenue$51,765
Expenses$103,243
Net Income-$51,478
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$12,613
Liabilities
$0
Net assets
$12,613
Revenue
$51,765
Expenses
$103,243
Net income
-$51,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$0.52$1.03$0.51
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.78$0.70$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.83$0.90$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.19$0.20$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.37$0.20$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.73$0.67$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.83$0.73$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.80$0.84$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.01$0.35$0.82$0.66$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.40$0.55$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.34$0.64$0.70$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.41$0.77$0.53$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.01$0.17$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.01$0.14$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.02$0.17$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 7, 2025
Return Version
2024v5.0
Gross Receipts
$51,765
Mission and Program Overview

Mission

Work for betterment of revere business and community as a whole.

Organiztion for the business community

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,881$12,613▼ $51,268
Rtn Earn Endowment Incm Other Fnds$64,091$12,613▼ $51,478
Prepaid Expenses and Deferred Charges$210--
Total Assets$64,091$12,613▼ $51,478
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$64,091$12,613▼ $51,478
Total Liabilities and Net Assets / Fund Balance$64,091$12,613▼ $51,478
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erica PorzioExec Dir/CLEPT$22,000$22,000

Board Members and Trustees

NameTitle
Niles WelchPresident
Marta FloresSecond Vice
James GibsonTreasurer
Francesco RosaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$51,765
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$33,883
Change in Net Assets
$-51,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,243
Salaries, Compensation, and Employee Benefits$22,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,000--$22,000
Occupancy$9,014$9,015-$18,029
Advertising$11,213--$11,213
Office Expenses$2,405$4,000-$6,405
Fees for Services Other-$3,373-$3,373
Travel$2,146--$2,146
Other Expenses$1,850$3,419-$1,850
Conferences and Meetings$1,831--$1,831
Fees for Services Accounting-$1,345-$1,345
All Other Expenses$168$517-$685
Insurance-$590-$590
Total Functional Expenses$80,984$22,259$0$103,243
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 18

“UPON REQUEST”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Revere Chamber of Commerceinc
EIN
04-2686415
Phone
7812898009
Address
313 BROADWAY, REVERE, MA 02151

Signing Officer

Name
Marta Flores
Title
Second Vice Pres
Phone
7812898009
Signed
2025-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marta Flores
Formed
1979
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
John J Verrengia CPA
Address
385 MAIN ST 2, WAKEFIELD, MA 01880
Preparer
John J Verrengia
Phone
7812484868
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Organization for the business community”

Raw XML Appendix265 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AllOtherExpensesGrp/TotalAmt0685
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXEC DIR/CLE
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECOND VICE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt051765
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0590
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt017882
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ORGANIZATION DEVOTED TO HELPING THE BUSINESS COMMUNITY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt064091
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IRS990/NondeductibleContributionsInd0false
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IRS990/OccupancyGrp/TotalAmt018029
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECOND VICE PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum07812898009
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-07
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0385 MAIN ST 2
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-09-12T07:40:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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