New Hill Development Corporation

Nonprofit profile at a glance

EIN
831107639
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Charlottesville, VA, USA
Phone
4344659164
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Reported finances

Revenue
$2,137,477
Expenses
$916,324
Assets
$3,753,296
Liabilities
$2,581,238

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • YOLUNDA HARRELL (President & CEO)

Highest reported compensation

  • YOLUNDA HARRELL (President & CEO): $91,044 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 86
  • Accountability: 75
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.8%; rating input score 27
  • Program expense ratio: 62.5%; rating input score 63
  • Fundraising efficiency: $23.93 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.3%; rating input score 93; 24th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 57.1%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 4.1; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 9.9%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 32.6% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 61.8% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 26.8% of revenue deployed · 62.5% of spending went to programs
  • Governance: 14 of 15 board members independent · 4 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $573K in reported program spending
  • Leadership: top reported pay $91K · 16 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 27/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.