Nonprofit · EIN 83-1107639
NEW HILL DEVELOPMENT CORPORATION
Tax-exempt · CHARLOTTESVLE, VA 22911
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,137,477 | $916,324 | $1,221,153 | $3,753,296 | $2,581,238 | $1,172,058 |
| December 31, 2023 | 990 | $490,100 | $580,820 | -$90,720 | $393,266 | $442,361 | -$49,095 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,819,922
- of which government grants
- $889,846
- Program service revenue
- $300,665
- Investment income
- $0
- Net rental income
- $16,890
- Other revenue
- $16,890
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $91,044
- Other salaries and wages
- $187,130
- Salaries, compensation and benefits (total)
- $308,746
- Professional fundraising fees
- $0
- Legal fees
- $5,000
- Accounting fees
- $27,384
- Occupancy
- $85,213
- Depreciation
- $529
- Program services (functional)
- $572,997
- Management and general (functional)
- $267,265
- Fundraising (functional)
- $76,062
Balance sheet and other
- Total assets, start of year
- $393,266
- Total assets, end of year
- $3,753,296
- Total liabilities, end of year
- $2,581,238
- Net assets, end of year
- $1,172,058
- Land, buildings and equipment
- $27,562
- Net assets without donor restrictions
- $1,172,058
- Gross receipts
- $2,137,477
- Employees
- 9
- Volunteers
- 25
- Year formed
- 2018
- State of legal domicile
- VA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YOLUNDA HARRELL | President & CEO Trustee or director, Officer | 50 | $82,629 | $8,415 |
| ANNE BAKER BROWN | Chair Trustee or director, Officer | 1 | $0 | $0 |
| KAREN KLICK | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| SHAWN MCGOWEN | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| RAMONA CHAPMAN | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| TARA BOYD | Director Trustee or director | 1 | $0 | $0 |
| QUINCY CARPENTER | Director Trustee or director | 1 | $0 | $0 |
| SHYMORA COOPER | Director Trustee or director | 1 | $0 | $0 |
| DR A RASHARD DACUS | Director Trustee or director | 1 | $0 | $0 |
| LESTER JACKSON | Director Trustee or director | 1 | $0 | $0 |
| ELIZABETH KENNAN | Director Trustee or director | 1 | $0 | $0 |
| HOLLIE LEE | Director Trustee or director | 1 | $0 | $0 |
| LINDA MELTON | Director Trustee or director | 1 | $0 | $0 |
| DR TAMARA RYAN | Director Trustee or director | 1 | $0 | $0 |
| JERROD SMITH | Director Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CARUSO BROWN | Past Chair Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| YOLUNDA HARRELL | President & CEO Trustee or director, Officer | 50 | $68,670 | $8,159 |
| CARUSO BROWN | Interim Chair Trustee or director, Officer | 1 | $0 | $0 |
| KAREN KLICK | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| SHAWN MCGOWEN | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| RAMONA CHAPMAN | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| ANNE BROWN | Director Trustee or director | 1 | $0 | $0 |
| SHYMORA COOPER | Director Trustee or director | 1 | $0 | $0 |
| DR A RASHARD DACUS | Director Trustee or director | 1 | $0 | $0 |
| LESTER JACKSON | Director Trustee or director | 1 | $0 | $0 |
| ELIZABETH KENNAN | Director Trustee or director | 1 | $0 | $0 |
| QUINCY CARPENTER | Director Trustee or director | 1 | $0 | $0 |
| TARA BOYD | Director Trustee or director | 1 | $0 | $0 |
| LINDA MELTON | Director Trustee or director | 1 | $0 | $0 |
| DR TAMARA RYAN | Past Chair Trustee or director | 1 | $0 | $0 |
| HOLLIE LEE | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4737 BLUEJAY WAY, CHARLOTTESVLE, VA 22911-6118
- In care of
- % YOLUNDA HARRELL
- Principal officer (990 for 2024)
- YOLUNDA HARRELL, 401 EAST MARKET ST SUITE 14, CHARLOTTESVILLE, VA 22902
- Signed the 990
- YOLUNDA HARRELL, President & CEO
- Phone
- (434) 465-9164
- Website
- newhilldev.org
- Return prepared by
- SHERMAN FINANCIAL MANAGEMENT LLC
Mission
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.
Program accomplishments
- 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).Expenses $391,968 · revenue $300,665
- 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.Expenses $100,028
- 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.Expenses $81,001
- 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1107639
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $3,753,296
- Income (IRS master file)
- $2,137,477
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,137,477 | $916,324 | $3,753,296 | XML |
| 990 | December 2023 | $490,100 | $580,820 | $393,266 | XML |
| 990 | December 2022 | $455,152 | $457,052 | $87,250 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
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 83-1107639).
Questions about NEW HILL DEVELOPMENT CORPORATION
- What is the EIN of NEW HILL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEW HILL DEVELOPMENT CORPORATION is 83-1107639.
- Is NEW HILL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to NEW HILL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HILL DEVELOPMENT CORPORATION 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 NEW HILL DEVELOPMENT CORPORATION 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 NEW HILL DEVELOPMENT CORPORATION 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 NEW HILL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names YOLUNDA HARRELL.
- Who are the officers and directors of NEW HILL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $82,629 (YOLUNDA HARRELL, President & CEO).
- How much revenue does NEW HILL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,137,477, expenses of $916,324 and total assets of $3,753,296 at year end.
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