Overview
What is Onewest Corporation?
Onewest Corporation is a nonprofit organization, headquartered in the West Louisville area of Kentucky, specifically at 2028 W Broadway 104, Louisville, KY 40203. Their primary mission is to stimulate economic development and community revitalization within this region, with a particular focus on improving the built environment. By addressing land use, infrastructure needs, urban designs, and creating a more appealing "sense of place," Onewest aims to foster shared prosperity in West Louisville, ultimately benefiting the broader Louisville community as a whole. As a community development corporation, Onewest supports projects in various urban neighborhoods in West Louisville, such as Algonquin, California, Chickasaw, Park Du Valle, Park Hill, Parkland, Portland, Russell, and Shawnee. With a workforce of 10 individuals, Onewest collaborates with community residents to generate sustainable economic development and neighborhood revitalization in partnership with both private and public capital.
Official website here: www.onewest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating
Onewest Corporation has received a Two-Star rating from Charity Navigator, indicating a score of 66%. This rating reflects a moderate level of accountability and financial performance. The organization is notably strong in areas such as board independence, with 96% of its board members being independent, and it demonstrates a commitment to transparency through documented board meeting minutes and the presence of conflict of interest and whistleblower policies.
However, while the organization shows strengths in governance and assets management, it struggles with its program expense ratio, which stands at 61.11%. This figure suggests that a smaller proportion of its expenses are directed toward program services compared to administrative costs, highlighting a potential area for improvement in maximizing the impact of its funding. Overall, Onewest Corporation maintains solid governance practices but may need to enhance its operational efficiency to improve its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Onewest Corporation?
With a focus on economic development, Onewest Corporation is emerging as a promising organization. Although they currently have limited ratings with only two reviews, the sentiment expressed is quite positive.
One reviewer commended the nonprofit's mission-driven approach, suggesting that the organization is aligned with meaningful goals that can positively impact the community. This indicates a strong commitment to its objectives and a willingness to foster growth and change.
Overall, even with few reviews, there is an optimistic outlook surrounding Onewest Corporation, highlighting its dedication to economic development and its potential effectiveness in achieving its goals.
This AI summary has been generated from reviews found on Facebook.
Is Onewest Corporation legitimate?
Onewest Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onewest 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: $199,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,745
For more financial information, click here
Official website here: www.onewest.org
What is the mission statement of Onewest Corporation?
Onewest Corporation, a non-profit organization, is dedicated to establishing new avenues for both private and public capital. This initiative aims to foster sustainable economic development and neighborhood revitalization in partnership with community residents. The organization primarily focuses on stimulating economic growth in the built environment of the targeted neighborhoods, addressing issues such as land use, infrastructure needs, urban designs, and overall community improvement to create a shared prosperity. By enhancing the "sense of place," Onewest Corporation strives to uplift the community, ultimately contributing to the betterment of the entire city.
Official website here: www.onewest.org
Who is the CEO of Onewest Corporation?
Evon Smith is the Director of Onewest Corporation. The CEO's salary of Onewest Corporation is $183,058 and their total compensation is $199,896.
Official website here: www.onewest.org
What is the revenue of Onewest Corporation?
Onewest Corporation's revenue in 2022 was $1,829,216.
Official website here: www.onewest.org
Who are the executives of Onewest Corporation and what are their salaries?
The average compensation at Onewest Corporation during 2022 was $37,364. There are 10 employees and 65 volunteers at Onewest Corporation.
Here are 32 key members and their salaries (Onewest Corporation's CEO's salary is $183,058 and their total compensation is $199,896):
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- Compensation: $183,058
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- Other: $16,838
Official website here: www.onewest.org
Where can I find the form 990 for Onewest Corporation?
Onewest Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onewest.org
Learn more at the official website: www.onewest.org
Mission Statement of Onewest Corporation
Onewest Corporation, a non-profit organization, is establishing new avenues for both private and public capital. Its mission is to foster sustainable economic development and neighborhood revitalization in partnership with local residents in the urban neighborhoods of West Louisville. By focusing on the built environment, the organization aims to address land use, infrastructure needs, and urban designs with the goal of improving the overall "sense of place" in West Louisville. Onewest Corporation strives to bring shared prosperity to this area, ultimately lifting the entire Louisville community. By doing so, Onewest Corporation aims to stimulate economic growth and revitalization in West Louisville, ensuring a brighter future for the community and its residents.
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Impact
July, 2024
Onewest Corporation's impact lies in the transformation and revitalization of the urban neighborhoods in the western portion of Louisville, Kentucky, known as West Louisville. By focusing on stimulating economic development and community revitalization through projects targeting land use, infrastructure needs, urban designs, and enhancing the overall "sense of place," Onewest aims to bring about shared prosperity to West Louisville. Through innovative approaches to accessing private and public capital, in partnership with the local community, Onewest is forging new pathways for sustainable economic growth and neighborhood improvement in West Louisville. Their efforts have the potential to uplift not just West Louisville but the entire Louisville community as a whole.
This information is meant to be a general summary of Onewest 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.
- Investment Income: $2,428
- Program Service Revenue: $100,626
- Gross Receipts: $1,829,216
Assets and Liabilities:
- Total Assets: $6,673,392
- Total Liabilities: $791,456
- Net Assets: $5,881,936
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$100,626
Organization Details
Founding Year
2015
Phone
(502) 907-5147Principal Officer
Evon Smith
Main Address
2028 W BROADWAY 104, LOUISVILLE, KY, 40203
Website
www.onewest.orgNTEE Category
Code: S30 - Community improvement
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