Program areas at New Hill Development Corporation
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 opportunities and provide resources for Black entrepreneurs in Charlottesville seeking to launch or scale their businesses. Began work on creating the curriculum for the Food Business Bootcamp to include an online learning platform on Thinkific. Bootcamps will begin next 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. Received unanimous approval from Charlottesville City planners and City Council to append to the City's Comprehensive Plan, the Organization's Starr Hill Vision plan, a roadmap for advancing economic justice in Charlottesville, developed with the engagement of more than 200 area residents and merchants of the Black Community. Established Restaurant Revitalization Fund in partnership with Small Business Administration.
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. Of the 94 clients that had both an at-entry and a secondary financial snapshot, 74% improved their credit score. The average FICO score increase was 15 points for participants; 34% achieved a credit score above prime (FICO score of 660 or above). The program has resulted in almost $3 million in total mortgages sought for homes in the Charlottesville area.
Who funds New Hill Development Corporation
Grants from foundations and other nonprofits
Personnel at New Hill Development Corporation
Name | Title | Compensation | Date of data |
---|
Yolunda Harrell | President and Chief Executive Officer | $30,875 | 2023-11-15 |
Caruso Brown | Interim Chair / Treasurer | $0 | 2022-12-31 |
Shawn McGowen | Treasurer / Director | $0 | 2022-12-31 |
Karen Klick | Vice Chair / Director | $0 | 2022-12-31 |
Ramona Chapman | Secretary / Director | $0 | 2022-12-31 |
...and 1 more key personnel |
Financials for New Hill Development Corporation
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $316,559 | $246,970 | 28.2% |
Program services | $47,988 | $0 | 999% |
Investment income and dividends | $0 | $0 | - |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $21,605 | $0 | 999% |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $69,000 | $0 | 999% |
Total revenues | $455,152 | $246,970 | 84.3% |
Organizations like New Hill Development Corporation
Organization | Type | Location | Revenue |
---|
PV Community Development Corporation | 501(c)(3) | El Paso, TX | $2,086,223 |
The Dalles Main Street Program | 501(c)(3) | The Dalles, OR | $284,750 |
Lake Highlands Improvement District Corporation | 501(c)(3) | Dallas, TX | $1,483,528 |
St George Community Development Corporation | 501(c)(3) | Tenants Harbor, ME | $656,269 |
Prospect Heights Neighborhood Development Council | 501(c)(3) | Brooklyn, NY | $187,977 |
Beaver Falls Community Development Corporation | 501(c)(3) | Beaver Falls, PA | $334,682 |
Victorian Village CDC | 501(c)(3) | Memphis, TN | $206,149 |
Bam Local Development Corporation | 501(c)(3) | Rbrooklyn, NY | $664,745 |
Impact Corry | 501(c)(3) | Corry, PA | $456,840 |
Jefferson Street United Merchants Partnership | 501(c)(3) | Nashville, TN | $159,978 |
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Received grants
Identified 3 new grant, including a grant for $50,000 from Truist Foundation July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Human servicesCommunity improvementAfrican Americans
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 401 E Market St Suite 14
- Charlottesville, VA 22902
- Metro area
- Charlottesville, VA
- County
- Charlottesville city, VA
- Website URL
- newhilldev.org/Â
- Phone
- (434) 465-9164
IRS details
- EIN
- 83-1107639
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2018
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S20: Community, Neighborhood Development, Improvement
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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