Skip to content
Nonprofiteer
← ONEWEST CORPORATION

Form 990 for tax year 2024

Filed by ONEWEST CORPORATION.

Totals

Total revenue
$1,297,537
Total expenses
$1,605,185
Contributions and grants received
$1,125,396
Grants paid
$0
Program service revenue
$91,495
Investment income
$0
Other revenue
$80,646
Total assets, end of year
$6,302,959
Total liabilities, end of year
$1,734,390
Net assets or fund balances, end of year
$4,568,569
Program services expenses (Part IX)
$850,237
Management and general expenses
$649,473
Fundraising expenses
$105,475
Program service expenses (Part III)
$850,237

Program services were 53.0% 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)

    $564,923

  • 1f · All other contributions, gifts and grants

    $560,473

  • 2a · Program service revenue: RENTAL INCOME

    total $91,495 · related or exempt $91,495

  • 11a · Other revenue: DEI EDUCATION SERVICES

    total $60,000 · related or exempt $60,000

  • 11b · Other revenue: OTHER INCOME

    total $20,646 · excluded $20,646

  • 11e · Other revenue, total

    $80,646

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $224,532 · program services $74,844 · management and general $74,844 · fundraising $74,844

  • 7 · Other salaries and wages

    total $434,546 · program services $260,069 · management and general $174,477

  • 8 · Pension plan contributions

    total $5,150 · program services $3,082 · management and general $2,068

  • 9 · Other employee benefits

    total $22,767 · program services $13,626 · management and general $9,141

  • 10 · Payroll taxes

    total $59,289 · program services $19,763 · management and general $19,763 · fundraising $19,763

  • 11c · Fees: accounting

    total $78,038 · management and general $78,038

  • 11g · Fees: other

    total $145,409 · program services $82,067 · management and general $63,342

  • 12 · Advertising and promotion

    total $46,204 · program services $24,304 · management and general $21,900

  • 13 · Office expenses

    total $29,944 · management and general $29,823 · fundraising $121

  • 14 · Information technology

    total $34,021 · management and general $34,021

  • 16 · Occupancy

    total $163,559 · program services $88,253 · management and general $75,306

  • 17 · Travel

    total $1,968 · management and general $1,968

  • 19 · Conferences, conventions and meetings

    total $6,123 · management and general $6,123

  • 20 · Interest

    total $55,621 · program services $55,621

  • 22 · Depreciation, depletion and amortization

    total $135,504 · program services $135,504

  • 23 · Insurance

    total $33,636 · management and general $33,636

  • 24a · Other expenses: WINTER WONDERLAND

    total $58,555 · program services $58,555

  • 24b · Other expenses: OTHER OPERATING EXPENSE

    total $17,592 · program services $4,000 · management and general $13,592

  • 24c · Other expenses: COMMUNITY DEVELOPMENT G

    total $17,560 · program services $17,560

  • 24d · Other expenses: COMMUNITY - OTHER EVENT

    total $12,989 · program services $12,989

  • 24e · All other expenses

    total $22,178 · management and general $11,431 · fundraising $10,747

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,845,005 · end of year $824,681

  • 4 · Accounts receivable

    beginning of year $31,608 · end of year $524,372

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,328 · end of year $6,396

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

    $5,553,236

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

    $605,726

  • 10c · Land, buildings and equipment, net

    beginning of year $4,548,319 · end of year $4,947,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,348 · end of year $54,401

  • 23 · Secured mortgages and notes payable

    beginning of year $720,411 · end of year $978,896

  • 25 · Other liabilities

    beginning of year $800,000 · end of year $701,093

  • 27 · Net assets without donor restrictions

    beginning of year $4,591,501 · end of year $4,540,711

  • 28 · Net assets with donor restrictions

    beginning of year $285,000 · end of year $27,858

Mission and programs · 2024

Mission

ONEWEST IS A NON-PROFIT CORPORATION THAT IS ESTABLISHING NEW PATHWAYS TO PRIVATE AND PUBLIC CAPITAL IN AN EFFORT TO GENERATE SUSTAINABLE ECONOMIC DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION IN WEST LOUISVILLE IN PARTNERSHIP WITH COMMUNITY RESIDENTS.

Activities or mission (Part I)

A COMMUNITY DEVELOPMENT CORPORATION DEVELOPING AND SUPPORTING PROJECTS IN THE URBAN NEIGHBORHOODS LOCATED IN THE WESTERN PORTION OF LOUISVILLE, KENTUCKY ("WEST LOUISVILLE"). THESE NEIGHBORHOODS INCLUDE ALGONQUIN, CALIFORNIA, CHICKASAW, PARK DU VALLE, PARK HILL, PARKLAND, PORTLAND, RUSSELL AND SHAWNEE NEIGHBORHOODS OF WEST LOUISVILLE.

  • THE ORGANIZATION AIMS TO STIMULATE ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION IN WEST LOUISVILLE, WITH A PRIMARY FOCUS ON THE BUILT ENVIRONMENT. BY FOCUSING ON LAND USE, INFRASTRACTURE NEEDS, URBAN DESIGNS, AND AN OVERALL IMPROVED "SENSE OF PLACE", ONEWEST'S GOAL IS TO BRING A SHARED PROSPERITY BACK TO WEST LOUISVILLE, WHICH IN TURN LIFTS THE ENTIRE LOUISVILLE COMMUNITY.

    Expenses $850,237 · Revenue $151,495

  • THE PLAN ROOM PROVIDES BLACK AND MINORITY BUSINESS OWNERS IN THE CONSTRUCTION INDUSTRY WITH TRAINING, MENTORSHIP, AND NETWORKING OPPORTUNITIES IN A DEDICATED SPACE IN THE WEST END COMMUNITY.

As filed on the 2024 return.

Listed in Part VII

  • Evon J Smith

    PRESIDENT & CEO

    Total calculated
    $224,533
    From this org
    $197,158
    From related orgs
    $0
    Other
    $27,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,158
    Bonus
    $0
    Other
    $0
    Deferred
    $5,500
    Nontaxable benefits
    $21,875
    Filer's total
    $224,533
  • John McCarthy

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Darnell McCoy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Howard Holloman

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Dreema Jackson

    DIRECTOR/COMMUNITY ENGAGEMENT COMMITTEE CHAIR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Keisha Deonarine

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Brian Phillips

    DIRECTOR/MARKETING & COMMUNICATION COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Marilyn Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Gardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Judy Schroeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Khalila Sharasika

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Halbauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Louis Straub

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maureen Brekka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nicole Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Snardon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Poe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Purvis

    DIRECTOR - METRO COUNCIL D

    Total calculated
    $0
    Hours/week
    1
  • Douglas Craddock Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Springfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom Murro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Myra Rock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brenda Burney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rick Smith Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diane Whitlock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Bowie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nikki Lanier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Wanda Ramsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ed Krebs

    DIRECTOR/COMMERICAL DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Sharita Bransford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OW HOLDINGS LLC

    REAL ESTATE INVESTMENTS · KY · income $454 · assets $98,879

    Directly controlled by ONEWEST CORPORATION

  • OW BROADWAY HOLDINGS LLC

    REAL ESTATE HOLDINGS · KY · income $260,605 · assets $6,199,745

    Directly controlled by ONEWEST CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349309645

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.