Virginia · Nonprofit
NEW HILL DEVELOPMENT CORPORATION
NEW HILL DEVELOPMENT CORPORATION (Virginia) receives grants from 14 organizations whose IRS filings report $1,908,551 to it, the largest being CHARLOTTESVILLE AREA COMMUNITY FOUNDATION ($1,060,000). 5 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $2.1M
- Funders on record
- 14
- Grants received
- $1.9M
- Net assets
- $1.2M
What New Hill Development Corporation does
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.
As stated on its FY2024 Form 990.
Programs
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).
$391,968 spent$300,665 earned by the program68% of program spendingThrough 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.
$100,028 spent17% of program spendingBlack 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.
$81,001 spent14% of program spendingContinuation 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.
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $572,997.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $393k to $3.8M (+854%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 98% · 2021 20% · 2022 34% · 2023 15% · 2024 42%. Grants only. Government contracts and fees sit inside program revenue.
85% of NEW HILL DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Yolunda Harrell
President & CEO
Board chair
Anne Baker Brown
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 6 funders, grant income rose $10k → $144k.
5 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 61% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW HILL DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW HILL DEVELOPMENT CORPORATION leans on a few funders — its largest provides 56% of grant income and the top three 82%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
62% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEW HILL DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2019 100% · 2020 57% · 2021 77% · 2022 49% · 2023 35% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
40% of NEW HILL DEVELOPMENT CORPORATION's funders are still giving 2 years after their first grant; 36% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
61% of NEW HILL DEVELOPMENT CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $751k that is directly attributable, 71% of it comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW HILL DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 11,263 human services nonprofits its size.
this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024
Government funding NEW HILL DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $100k on record.
- Department of Agriculture$100k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEW HILL DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
63% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for NEW HILL DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW HILL DEVELOPMENT CORPORATION?
- NEW HILL DEVELOPMENT CORPORATION (Virginia) receives grants from 14 organizations whose IRS filings report $1,908,551 to it, the largest being CHARLOTTESVILLE AREA COMMUNITY FOUNDATION ($1,060,000). 5 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does NEW HILL DEVELOPMENT CORPORATION have?
- IRS filings report 14 organizations giving $1,908,551 in grants to NEW HILL DEVELOPMENT CORPORATION, 5 of which have funded it in more than one year.
- Who is the largest funder of NEW HILL DEVELOPMENT CORPORATION?
- CHARLOTTESVILLE AREA COMMUNITY FOUNDATION is the largest funder on record, with $1,060,000 in grants. The full list of funders is on this page.
- How can an organization like NEW HILL DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing