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← HILL COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by HILL COMMUNITY DEVELOPMENT CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 17 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,346,294 changed to $4,437,679
Investment income
$0 changed to $19,385
Other revenue
-$2,096 changed to $69,904
Total liabilities, end of year
$13,066,934 changed to $12,975,549
Net assets or fund balances, end of year
$19,763,772 changed to $19,855,157

Totals

Total revenue
$4,437,679
Total expenses
$2,233,024
Contributions and grants received
$4,348,390
Grants paid
$0
Program service revenue
$0
Investment income
$19,385
Other revenue
$69,904
Total assets, end of year
$32,830,706
Total liabilities, end of year
$12,975,549
Net assets or fund balances, end of year
$19,855,157
Program services expenses (Part IX)
$704,162
Management and general expenses
$1,491,195
Fundraising expenses
$37,667
Program service expenses (Part III)
$704,162

Program services were 31.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,950,000

  • 1f · All other contributions, gifts and grants

    $2,398,390

  • 3 · Investment income

    total $19,385 · excluded $19,385

  • 6a · Gross rents

    real property $299,684

  • 6b · Less rental expenses

    real property $385,535

  • 6c · Rental income or loss

    real property -$85,851

  • 6d · Net rental income or loss

    total -$85,851 · related or exempt $299,684 · unrelated business -$385,535

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $155,755 · related or exempt $154,419 · unrelated business $1,336

  • 11e · Other revenue, total

    $155,755

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $234,978 · program services $58,745 · management and general $171,534 · fundraising $4,699

  • 7 · Other salaries and wages

    total $331,343 · program services $82,836 · management and general $241,880 · fundraising $6,627

  • 9 · Other employee benefits

    total $26,880 · program services $6,720 · management and general $19,622 · fundraising $538

  • 10 · Payroll taxes

    total $47,121 · program services $11,780 · management and general $34,398 · fundraising $943

  • 11b · Fees: legal

    total $1,433 · program services $129 · management and general $1,189 · fundraising $115

  • 11c · Fees: accounting

    total $173,425 · program services $15,608 · management and general $143,943 · fundraising $13,874

  • 11g · Fees: other

    total $62,474 · program services $5,623 · management and general $51,854 · fundraising $4,997

  • 13 · Office expenses

    total $67,019 · program services $39,541 · management and general $26,808 · fundraising $670

  • 14 · Information technology

    total $65,050 · program services $5,855 · management and general $53,991 · fundraising $5,204

  • 16 · Occupancy

    total $396,334 · program services $375,783 · management and general $20,551

  • 20 · Interest

    total $183,194 · program services $91,597 · management and general $91,597

  • 22 · Depreciation, depletion and amortization

    total $49,685 · management and general $49,685

  • 23 · Insurance

    total $14,413 · program services $9,945 · management and general $4,468

  • 24a · Other expenses: MISCELLANEOUS

    total $579,675 · management and general $579,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,211,207 · end of year $11,478,794

  • 4 · Accounts receivable

    beginning of year $1,496,227 · end of year $916,943

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,990 · end of year $92,424

  • 10a · Land, buildings and equipment: cost or other basis

    $2,582,627

  • 10b · Land, buildings and equipment: accumulated depreciation

    $624,668

  • 10c · Land, buildings and equipment, net

    beginning of year $2,106,063 · end of year $1,957,959

  • 15 · Other assets

    beginning of year $14,110,429 · end of year $18,384,586

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,101,805 · end of year $1,371,140

  • 19 · Deferred revenue

    beginning of year $306,251

  • 23 · Secured mortgages and notes payable

    beginning of year $2,706,948 · end of year $9,494,282

  • 24 · Unsecured notes and loans payable

    beginning of year $532,320 · end of year $2,102,380

  • 25 · Other liabilities

    beginning of year $7,747 · end of year $7,747

  • 27 · Net assets without donor restrictions

    beginning of year $8,847,297 · end of year $16,654,737

  • 28 · Net assets with donor restrictions

    beginning of year $8,492,548 · end of year $3,200,420

Mission and programs · 2024

Mission

ENGAGES IN COMMUNITY, ECONOMIC AND REAL ESTATE DEVELOPMENT, INCLUDING NEIGHBORHOOD PLANNING.

  • WORKS IN PARTNERSHIP WITH RESIDENTS AND STAKEHOLDERS TO CREATE, PROMOTE, AND IMPLEMENT STRATEGIES AND PROGRAMS THAT CONNECT PLANS, POLICIES AND PEOPLE TO DRIVE COMPELLING COMMUNITY DEVELOPMENT OPPORTUNITIES IN THE GREATER HILL DISTRICT. THIS INCLUDES BUT IS NOT LIMITED TO REAL ESTATE DEVELOPMENT, COMMUNITY PLANNING AND SPECIAL PROGRAMS.

    Expenses $704,162 · Revenue $454,103

As filed on the 2024 return.

Listed in Part VII

  • Marimba Milliones

    PRESIDENT AND CEO

    Total calculated
    $120,804
    From this org
    $0
    From related orgs
    $120,804
    Other
    $0
    Hours/week
    40

  • Roderick Craighead

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Daniel Armanios III

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Prashanth Cannanbilla

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cecily D Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nahom Beyene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Manns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Audrey Murrell PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Newell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bret Miller

    SENIOR DIRECTOR OF OPERATIONS AND FINANCE

    Total calculated
    $114,174
    From this org
    $0
    From related orgs
    $114,174
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 February 2026
IRS schema version
2024v5.5
Source object
202620499349301507

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