Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
14 people listed on the 990; $31K paid to officers and key staff.
Yolunda Harrell’s $83K as President & CEO is at the 20th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Yolunda Harrell | $82,629 | $68,670 | $30,875 | $17,000 | $23,000 | $52,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See New Hill Development Corporation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Empowering Charlottesville's Black community with financial coaching, business help, and asset building for wealth and homeownership.
Questions for New Hill Development Corporation
Your first name shows with your question. New Hill Development Corporation answers here, for everyone.
Awarded a $150,000 grant from the Governor's Office through the Business Resurgence initiative aimed at revitalizing business districts in response to the effects of the pandemic.Launched first phase of the Black Entrepreneurial Advancement and Community Opportunity Network (BEACON) program, a business incubator that strives to advance…
In 2022 the Financial Capability program served 360 clients with 1,832 financial empowerment services, to include Credit Money Management and First Time Homebuyer workshops. Maintained 49 clients in active financial coaching throughout the year.
Early in 2021 assumed management and oversight of the Community Kitchen program, formerly Frontline Foods. The program provides food assistance for the community whilst simultaneously offering financial support to restaurants owned by people of color.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $114K | $87K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $164K | $87K |
| LiabilitiesLn 26 | $120K | $46K |
| Net assetsLn 32 | $44K | $42K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $26K | $26K | ||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $31K | $23K | $5K | $3K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $450 | $450 | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $268K | $257K | $9K | $2K |
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $4K | $3K | $585 | |
| Information technologyLn 14 | $4K | $3K | $556 | |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $87K | $86K | $685 | |
| TravelLn 17 | $1K | $1K | ||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $4K | $3K | $990 | |
| Other expenses (24a–d)Ln 24 | $27K | $26K | $369 | |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $457K | $428K | $23K | $5K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 17, 2025 | $2.1M | $916K | $1.2M | $1.2M | 990 PDF |
| FY2023Filed with the IRS Jan 28, 2025 | $490K | $581K | −$91K | −$49K | 990 PDF |
| FY2022 ViewingFiled with the IRS Nov 15, 2023 | $455K | $457K | −$2K | $42K | 990 PDF |
| FY2021Filed with the IRS Nov 15, 2022 | $247K | $266K | −$19K | $44K | 990 PDF |
| FY2020Filed with the IRS Nov 11, 2021 | $122K | $137K | −$15K | $63K | 990 PDF |
| FY2019Filed with the IRS Jan 8, 2021 | $592K | $510K | $82K | $77K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $455,152 revenue, 12 lines filed
Part VI · Governance 13 of 14 board members independent, 1 to look at
Part VIII · Statement of revenue $455,152 across 11 lines filed
Part IX · Statement of functional expenses $457,052 across 31 lines filed
Part X · Balance sheet $87,250 assets, 22 lines filed
Part XI · Reconciliation of net assets $41,625 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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