NEW HILL DEVELOPMENT CORPORATION (EIN 831107639) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

YOLUNDA HARRELL

Phone

4344659164

Tax Period

2023-01-01 to 2023-12-31

New Hill Development Corporation, founded in 2018, is a small nonprofit in the Human Services sector that reported $592K in total revenue in fiscal year 2019. Expenses of $510K left a modest 14% surplus.

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $279,345

Program Service Revenue $189,107

Investment Income $0

Other Revenue $21,648

TOTAL REVENUE $490,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,002

Fundraising Expenses $54,865

Program Expenses $464,374

Other Expenses $443,818

TOTAL EXPENSES $580,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,100	$455,152	+0.1%
Expenses	$580,820	$457,052	+0.3%
Net Income	$-90,720	$-1,900	+46.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$76,829

Total Directors

$76,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YOLUNDA HARRELL	President & CEO	50.00	Officer Director	$68,670	$8,159	$76,829
CARUSO BROWN	Interim Chair	1.00	Officer Director	$0	$0	$0
KAREN KLICK	Vice Chair	1.00	Officer Director	$0	$0	$0
SHAWN MCGOWEN	Treasurer	1.00	Officer Director	$0	$0	$0
RAMONA CHAPMAN	Secretary	1.00	Officer Director	$0	$0	$0
ANNE BROWN	Director	1.00	Director	$0	$0	$0
SHYMORA COOPER	Director	1.00	Director	$0	$0	$0
DR A RASHARD DACUS	Director	1.00	Director	$0	$0	$0
LESTER JACKSON	Director	1.00	Director	$0	$0	$0
ELIZABETH KENNAN	Director	1.00	Director	$0	$0	$0
QUINCY CARPENTER	Director	1.00	Director	$0	$0	$0
TARA BOYD	Director	1.00	Director	$0	$0	$0
LINDA MELTON	Director	1.00	Director	$0	$0	$0
DR TAMARA RYAN	Past Chair	1.00	Director	$0	$0	$0
HOLLIE LEE	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$490,100	$580,820	$393,266	$-90,720
2022	$455,152	$457,052	$87,250	$-1,900
2021	$246,970	$266,103	$164,025	$-19,133
2020	$122,398	$137,138	$62,658	$-14,740
2019	$591,889	$510,035	$77,398	$81,854

NEW HILL DEVELOPMENT CORPORATION