Friends of Old Town Stayton Aka Revitalize Downtown Stayton

What it reported doing in 2024

Revitalize Downtown Stayton (RDS) is an Oregon Main Street (OMS) Affiliate Member. OMS, part of the Oregon heritage in Oregon Parks and Recreation Department, is designed to assist with the revitalization of traditional downtown and historic commercial district, promote economic development and encourage historic preservations. RDS wrote its 2022 Oregon Main Street Revitalization Grant to save the Hobson-Gehlen Building, ca. 1885. This building is the oldest wooden commercial structure in Marion County, Oregon. The $200,000 grant was awarded to RDS and the building renovation was completed in 2024. The grant period is from 2022 to 2025 and its focus is on making the building safe with steel moment frames and finishing all of the exterior including: siding, trim, windows, doors, paint and a new roof. With the owners match, over $300,000 will be spent and put into the economy. While currently the number of people benefiting is under 50, when completed with a commercial space and three bedroom apartment in the back, it will benefit the over 25,000 person market of Stayton and the surrounding area. Grant writing is a part of the Economic Vitality Groups focus, one of the four tiers of OMS organizations. The Economic Vitality Group works to provide tools to the merchants in our focus area from working to locate and complete grants to arranging trainings on business topics. We look for input from merchants to improve the effectiveness of both existing and startup companies. Economic Vitality also wrote a grant for a local business to update it's exterior with paint, a new awning and exterior lighting. This Pacific Power grant was awarded to RDS and spent on Mick and Moms Pub and Eatery, also with a benefit to our 25,000 market. RDS was also recipient of Community improvement grant from the city of stayton where funding was used to install public bike racks and dog waste stations.

Financial Efficiency

• Mission deployment rate: 86%; rating input score 86
• Program expense ratio: 94.9%; rating input score 95

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: 9.4%; rating input score 57; 57th percentile among comparable filings
• Total-asset coverage ratio: 0.26; rating input score 23; 23rd percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

• Program expense growth: 27.1% per year; rating input score 100; 82nd percentile among comparable filings
• Revenue growth: 23.1% per year; rating input score 100; 86th percentile among comparable filings
• Asset growth: 11% per year; rating input score 100; 64th percentile among comparable filings