DOWNTOWN HAYS DEVELOPMENT CORPORATION
Mission Statement
DHDC Vision Statement DHDC will be the binding force and catalyst for organizations impacting Historic Downtown Hays. DHDC will strive to represent Downtown Hays through open communication and strategic planning which will enhance and secure the quality of life in the community. DHDC will draw on a collaboration of funding from public and private sources. Our organization will foster awareness by recognizing, communicating and celebrating the accomplishments of Historic Downtown Hays. DHDC Mission Statement The mission of DHDC is to foster awareness and promote Downtown Hays as a vibrant center of commerce, recreation, arts, government and history that serves the people of Hays, the surrounding region and visitors from around the world. DHDC will work to prevent the deterioration and enhance the viability of the community’s cultural centers, historical landmarks and public infrastructure important to the community’s economic and cultural well-being.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.2% | 84.1% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.0% | 12.7% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.7% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.7 mo | 11.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 3.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
53.1% | 93.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
19.4% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
44.2% | 13.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.8% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $171K | $166K | $190K | 90.2% | 4 |
| 2022 | $143K | $115K | $186K | 86.7% | 6 |
| 2021 | $141K | $159K | N/A | — | 4 |
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