2025-11-17T19:21:38-08:00 2024-12-31 204004313 SHERMAN FINANCIAL MANAGEMENT LLC 10321 AVENHAM WAY HENRICO VA 23238 990 2024-01-01 831107639 NEW HILL DEVELOPMENT CORPORATION NEWH 4344659164 401 EAST MARKET ST SUITE 14 CHARLOTTESVILLE VA 22902 YOLUNDA HARRELL President & CEO 2025-11-17 true true Terry Sherman P01270400 8043057957 X 2024 2025-03-06 01:10:19Z YOLUNDA HARRELL 401 EAST MARKET ST SUITE 14 CHARLOTTESVILLE VA 22902 2137477 false X newhilldev.org X 2018 VA To expand economic opportunities to grow wealth and home ownership in the Charlottesville Black community through financial coaching, entrepreneurial support, economic development and asset building. 15 14 9 25 0 279345 1819922 189107 300665 0 21648 16890 490100 2137477 0 0 137002 308746 0 76062 443818 607578 580820 916324 -90720 1221153 393266 3753296 442361 2581238 -49095 1172058 X To expand economic opportunities to grow wealth and home ownership in the Charlottesville Black community through financial coaching, entrepreneurial support, economic development and asset building. false false 391968 300665 In 2024, New Hill Development Corporation made significant progress across its core program areas, with a focus on expanding economic opportunity, strengthening community partnerships, and completing critical infrastructure that supports Black and under-resourced entrepreneurs.BEACON Kitchen Construction:Throughout 2024, New Hill advanced the construction of the BEACON Kitchen, an 11,000 square-foot shared-use commercial kitchen and food business incubator designed to support emerging culinary entrepreneurs. Despite delays, substantial work was completed during the year, positioning the facility for its January 2025 opening. (continued on Schedule O). 100028 Through our partnersip with Operation HOPE, New Hill provided financial coaching and education to more than 75 adults in 2024. Participants received individualized guidance on budgeting, credit improvement, debt reduction, and long-term financial planning. This partnership, which concluded at the end of 2024, significantly advanced New Hill's commitment to increasing financial capability and economic stability among low-to-moderate-income residents. 81001 Black Business Incubator (BBI) - Culinary Training & Applied Learning:As part of our Black Business Incubator program, entrepreneurs engaged in real-world experience by supporting meal production for partner sites, This hands-on training strengthened culinary, operations, and business skills while simultaneously expanding community impact. Continuation of 4a - The buildout represents a major milestone in creating accessible, affordable, and culturally-grounded infrastructure for small food-based businesses in the Charlottesville region.Expansion of Youth Meal Services:New Hill continued to grow its meal production and delivery program, which provides nutritious food to local youth through partnerships with community organizations. In 2024, we expanded our service to two additional Boys & Girls Clubs - James River (Scotsville) and the Albemarle County/Charlottesville (ACC) Club. With this growth, Ne Hill served more than 30,000 meals to children in 2024, ensuring consistent access to healthy food and supporting families across the region. 572997 true true false false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 8 0 true 9 false false false false false false false false 0 false false false false false false false X 15 14 false false false false false false false true true false false false true true true true true false false false VA X Yolunda Harrell 4342208072 401 East Market St Suite 14 Charlottesville VA 22902 YOLUNDA HARRELL President & CEO 50.00 0.00 X X 82629 0 8415 ANNE BAKER BROWN Chair 1.00 0.00 X X 0 0 0 KAREN KLICK Vice Chair 1.00 0.00 X X 0 0 0 SHAWN MCGOWEN Treasurer 1.00 0.00 X X 0 0 0 RAMONA CHAPMAN Secretary 1.00 0.00 X X 0 0 0 TARA BOYD Director 1.00 0.00 X 0 0 0 QUINCY CARPENTER Director 1.00 0.00 X 0 0 0 SHYMORA COOPER Director 1.00 0.00 X 0 0 0 DR A RASHARD DACUS Director 1.00 0.00 X 0 0 0 LESTER JACKSON Director 1.00 0.00 X 0 0 0 ELIZABETH KENNAN Director 1.00 0.00 X 0 0 0 HOLLIE LEE Director 1.00 0.00 X 0 0 0 LINDA MELTON Director 1.00 0.00 X 0 0 0 DR TAMARA RYAN Director 1.00 0.00 X 0 0 0 JERROD SMITH Director 1.00 0.00 X 0 0 0 CARUSO BROWN Past Chair 1.00 0.00 X 0 0 0 82629 8415 0 false false false 0 889846 930076 1819922 Food service 722320 300665 300665 300665 0 0 0 16890 16890 16890 16890 0 0 0 0 0 2137477 300665 16890 X 0 0 0 0 91044 54626 18209 18209 0 187130 110532 76598 0 8415 5049 3366 22157 13444 4357 4356 0 5000 5000 27384 27384 0 0 0 189528 127873 8158 53497 12359 325 12034 18227 14269 3958 14455 5888 8567 0 85213 72006 13207 0 0 10330 10330 61960 61960 0 529 529 17433 1476 15957 Catering costs- BEACON Kitchen 141883 141883 Bank fees; credit card proc 9196 7798 1398 Training/recruiting 9133 9034 99 Engagement 4464 3683 781 484 111 373 916324 572997 267265 76062 87841 396634 0 0 31157 13818 0 0 0 0 0 28316 754 2420 27562 0 0 0 0 271848 3315282 393266 3753296 46200 199695 1911 249000 394250 2132543 442361 2581238 X -49095 1172058 -49095 1172058 393266 3753296 1221153 X true X false false false X 122398 246970 316559 279345 1819922 2785194 0 0 122398 246970 316559 279345 1819922 2785194 0 2785194 0 0 21605 21648 16890 60143 2845337 0.97890 0.97300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28316 754 27562 27562 Beacon Kitchen construction 3289699 Rounding 1 Security deposits 25582 3315282 Form 990, Part VI, Section B, Line 11b Draft of Form 990 reviewed by President and other Board members prior to filing. Form 990, Part VI, Section B, Line 12c Directors are required to update their disclosure forms annually. Form 990, Part VI, Section C, Line 19 The Organization makes available all documents required by law.