Thistle Community Housing

Organization Overview

Thistle Community Housing is located in Boulder, CO. The organization was established in 1987. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Thistle Community Housing employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thistle Community Housing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2023, Thistle Community Housing generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THISTLE COMMUNITIES IS TO CREATE AND PRESERVE QUALITY, PERMANENTLY AFFORDABLE RENTAL AND OWNERSHIP HOMES FOR WORKING FAMILIES, SENIORS AND PEOPLE WITH DISABILITIES. THISTLES HOMES ALLOW TEACHERS, HEALTH-CARE WORKERS, AND OTHERS WHO ARE THE BACKBONE OF OUR ECONOMY TO LIVE IN THE COMMUNITIES THEY SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THISTLE COMMUNITY HOUSING OWNS AND MANAGES 785 PERMANENTLY AFFORDABLE RENTALS FOR LOW INCOME RESIDENTS INCLUDING PEOPLE WITH DISABILITIES IN BOULDER COUNTY, COLORADO.


THISTLES REAL ESTATE DEVELOPMENT PROGRAM DEVELOPS AND RENOVATES RENTAL AND OWNERSHIP PROPERTIES TO PROVIDE AFFORDABLE HOMES FOR LOW TO MODERATE INCOME RESIDENTS IN BOULDER COUNTY, COLORADO.


THISTLES HOMEOWNERSHIP PROGRAM PROVIDES OVER 200 PERMANENT AFFORDABLE OWNERSHIP HOMES, HOME BUYER EDUCATION AND HOME OWNER SUPPORT SERVICES FOR LOW TO MODERATE INCOME PERSONS IN BOULDER COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Paul D'angelo
CEO
$160,417
Christopher Gwiazda
CFO
$139,892
Joe Ballestrasse
Finance Committ
$0
Leigh Wiliiams
Board Chairman
$0
Breona Byrd
Director
$0
Megan Bruce
Vice Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $519,563
All other contributions, gifts, grants, and similar amounts not included above$4,207
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$523,770
Total Program Service Revenue$1,099,171
Investment income $1,321,757
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$94,116
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,242,640

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Mercy Properties California
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