Overview
What is New Hill Development Corporation?
New Hill Development Corporation is a nonprofit organization located in Charlottesville, Virginia. Their primary mission is to foster economic growth and wealth creation within the local Black community. They achieve this through various initiatives, including financial coaching, entrepreneurial support, economic development, and asset building. Recently, they secured a $150,000 grant from the Governor's Office to revitalize business districts impacted by the pandemic. Additionally, they launched the BEACON program, a business incubator for Black entrepreneurs, and started developing the curriculum for a Food Business Bootcamp. Their work is aimed at providing resources and opportunities for Black business owners in Charlottesville.
Official website here: www.newhilldev.org
Is New Hill Development Corporation legitimate?
New Hill Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hill Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $30,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newhilldev.org
What is the mission statement of New Hill Development Corporation?
The New Hill Development Corporation is committed to expanding economic opportunities and fostering wealth and homeownership within the Black community in an unspecified location. They achieve this mission through various means, including financial coaching, entrepreneurial support, economic development, and asset building. The organization has received a grant to revitalize business districts and has initiated the first phase of the Black Entrepreneurial Advancement and Community Opportunity Network (BEACON) program, a business incubator for Black entrepreneurs. Additionally, they are working on creating a curriculum for a Food Business Bootcamp, which will include an online learning platform on Thinkific, set to begin next year.
Official website here: www.newhilldev.org
Who is the CEO of New Hill Development Corporation?
Yolunda Harrell is the President & Ceo of New Hill Development Corporation. The CEO's salary of New Hill Development Corporation is $30,875 and their total compensation is $30,875.
Official website here: www.newhilldev.org
What is the revenue of New Hill Development Corporation?
New Hill Development Corporation's revenue in 2022 was $455,152.
Official website here: www.newhilldev.org
Who are the executives of New Hill Development Corporation and what are their salaries?
There 25 volunteers at New Hill Development Corporation.
Here are 14 key members and their salaries (New Hill Development Corporation's CEO's salary is $30,875 and their total compensation is $30,875):
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Official website here: www.newhilldev.org
Where can I find the form 990 for New Hill Development Corporation?
New Hill Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newhilldev.org
Learn more at the official website: www.newhilldev.org
Mission Statement of New Hill Development Corporation
New Hill Development Corporation is an organization with a mission to enhance economic prospects and encourage wealth creation and homeownership within the Charlottesville Black community. They achieve this by offering financial coaching, supporting entrepreneurship, promoting economic development, and facilitating asset building. Their primary objective is to empower the Black community in Charlottesville, enabling them to grow their businesses and secure property ownership.
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Impact
October, 2024
New Hill Development Corporation significantly impacts the Charlottesville Black community by fostering economic opportunities that promote wealth growth and home ownership. Through initiatives like the Black Entrepreneurial Advancement and Community Opportunity Network (BEACON), the organization provides a supportive business incubator aimed at empowering Black entrepreneurs. This program facilitates access to essential resources, helping individuals launch and scale their businesses effectively.
Furthermore, New Hill has been proactive in addressing the challenges posed by the pandemic, exemplified by receiving a $150,000 grant from the Governor's Office to revitalize local business districts. This funding enables sustained economic development efforts in the area.
Additionally, the organization is in the process of developing a Food Business Bootcamp, which will offer structured learning through an online platform. This curriculum is designed to equip aspiring food entrepreneurs with the necessary skills to thrive in a competitive market. Collectively, these efforts not only enhance individual economic prospects but also contribute to the overall vitality of the Charlottesville community.
This information is meant to be a general summary of New Hill Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $47,988
- Gross Receipts: $455,152
Assets and Liabilities:
- Total Assets: $87,250
- Total Liabilities: $45,625
- Net Assets: $41,625
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food service
Revenue
$47,988
Organization Details
Founding Year
2018
Phone
(434) 465-9164Principal Officer
Yolunda Harrell
Main Address
401 EAST MARKET ST SUITE 14, CHARLOTTESVILLE, VA, 22902
Website
www.newhilldev.orgNTEE Category
Code: P80 - Human services
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