Totals
- Total revenue
- $3,969,883
- Total expenses
- $4,619,614
- Contributions and grants received
- $724,640
- Grants paid
- $0
- Program service revenue
- $1,237,318
- Investment income
- $743,000
- Other revenue
- $1,264,925
- Total assets, end of year
- $46,143,693
- Total liabilities, end of year
- $14,246,616
- Net assets or fund balances, end of year
- $31,897,077
- Program services expenses (Part IX)
- $3,599,148
- Management and general expenses
- $992,446
- Fundraising expenses
- $28,020
- Program service expenses (Part III)
- $3,599,148
Program services were 77.9% 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)
$709,114
-
1f · All other contributions, gifts and grants
$15,526
-
2a · Program service revenue: Rental Income
total $1,237,318 · related or exempt $1,237,318
-
3 · Investment income
total $1,261,686 · related or exempt $1,261,686
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
other assets $518,686
-
7c · Gain or loss
other assets -$518,686
-
7d · Net gain or loss
total -$518,686 · related or exempt -$518,686
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Development fee
total $204,058 · related or exempt $204,058
-
11b · Other revenue: Management fees
total $594,761 · related or exempt $594,761
-
11c · Other revenue: Tenant charges
total $415,047 · related or exempt $415,047
-
11d · All other revenue
total $51,059 · related or exempt $51,059
-
11e · Other revenue, total
$1,264,925
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,687,058 · program services $889,135 · management and general $769,903 · fundraising $28,020
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $772,143 · program services $772,143
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $399,834 · program services $399,834
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $531,903 · program services $529,137 · management and general $2,766
-
23 · Insurance
total $117,694 · program services $111,623 · management and general $6,071
-
24a · Other expenses: ADMINISTRATIVE
total $621,991 · program services $415,520 · management and general $206,471
-
24b · Other expenses: PROPERTY TAXES
total $191,748 · program services $191,748
-
24c · Other expenses: MAINTENANCE
total $138,379 · program services $137,546 · management and general $833
-
24d · Other expenses: UTILITIES
total $120,209 · program services $120,172 · management and general $37
-
24e · All other expenses
total $38,655 · program services $32,290 · management and general $6,365
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,921,599 · end of year $2,298,481
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $697,671 · end of year $1,344,919
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $107,360 · end of year $162,542
-
10a · Land, buildings and equipment: cost or other basis
$24,789,438
-
10b · Land, buildings and equipment: accumulated depreciation
$6,516,417
-
10c · Land, buildings and equipment, net
beginning of year $17,245,172 · end of year $18,273,021
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $23,878,927 · end of year $22,804,419
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,262,201 · end of year $1,260,311
-
17 · Accounts payable and accrued expenses
beginning of year $162,646 · end of year $279,557
-
20 · Tax-exempt bond liabilities
beginning of year $11,077,440 · end of year $11,149,871
-
25 · Other liabilities
beginning of year $2,326,036 · end of year $2,817,188
-
27 · Net assets without donor restrictions
beginning of year $32,546,808 · end of year $31,897,077
Mission and programs · 2023
Mission
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.
-
Thistle Community Housing owns and manages 785 permanently affordable rentals for low income residents including people with disabilities in Boulder County, Colorado.
Expenses $2,633,842 · Revenue $2,861,976
-
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.
Expenses $953,806 · Revenue $307,427
-
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.
Expenses $11,500 · Revenue $75,840
As filed on the 2023 return.
Listed in Part VII
-
Paul D'Angelo
CEO
- Total calculated
- $176,320
- From this org
- $176,320
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $176,320
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $176,320
-
Christopher Gwiazda
CFO
- Total calculated
- $161,704
- From this org
- $161,704
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,704
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $161,704
-
Andy Kadlec
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe Ballestrasse
Director
- Total calculated
- $0
- Hours/week
- 1
-
Erik Hall
Director
- Total calculated
- $0
- Hours/week
- 40
-
Leigh Williams
Board Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Breona Byrd
Director
- Total calculated
- $0
- Hours/week
- 1
-
Megan Bruce
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Molly Tayer
Board Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ron Tupa
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Reynolds
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 · 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.
-
Provide low-income housing · CO
Directly controlled by Thistle Community Housing
-
MBY Development LLC I disregarded entit
Provide low-income housing · CO · income $366,237 · assets $3,599,132
Directly controlled by Thistle Community Housing
-
Village By The Park LLC disregarded ent
Provide low-income housing · CO
Directly controlled by Thistle Community Housing
-
My Back Yard LLC disregarded entity
Provide low-income housing · CO · income $399,190 · assets $7,131,624
Directly controlled by Thistle Comunity Housing
-
Mapleton LLC disregarded entity
Provide low-income housing · CO · income $271,643 · assets $7,782,559
Directly controlled by Thistle Community Housing
-
Uptown In Your Back Yard LLC disregard
General Partner in Uptown Boulder, LLLP, low income hou · CO · income -$9 · assets $1,578,263
Directly controlled by Thistle Community Housing
-
Fairways IMBY LLC disregarded entity
General Partner in Fairways IMBY LLLP, low income housi · CO · income -$3 · assets $4,644,185
Directly controlled by Thistle Community Housing
-
The Cannery LLC disregarded entity
General Partner to The Cannery LLLP, low income housing · CO · income -$163,389 · assets $1,868,264
Directly controlled by Thistle Community Housing
-
Parkside Village LLC disregard
Provide low-income housing · CO · income $809,924 · assets $1,943,769
Directly controlled by Thistle Community Housing
-
Thistle 29th Street LLC disregarded en
Limited Partner Low income housing complex · CO · assets $190
Directly controlled by Thistle Community Housing
-
Thistle 28th Street LLC disregarded en
Limited Partner low income housing complex · CO · income -$7 · assets $495
Directly controlled by Thistle Community Housing
-
Thistle BBS LLC disregarded entity
Limited Partner to 4871 BBS, LLC, low income housing · CO · income -$251 · assets $3,138,161
Directly controlled by Thistle Community Housing
-
Thistle Velo LLC disregarded entity
Provide low-income housing · CO · income $27,823 · assets $1,128,796
Directly controlled by Thistle Community Housing
-
Thistle Property Management LLC
Managing unrelated properties · CO
Directly controlled by Thistle Community Housing
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Uptown Boulder LLLP
Low income housing complex · CO · 0.01% owned · share of income -$9 · share of assets $1,578,263 · general or managing partner
Directly controlled by Thistle Community Ho
-
Fairways IMBY LLLP
Low income housing complex · CO · 0.01% owned · share of income -$3 · share of assets $4,644,185 · general or managing partner
Directly controlled by Thistle Community Ho
-
The Cannery LLLP
Low income housing complex · CO · 0.01% owned · share of income -$163,389 · share of assets $1,868,264 · general or managing partner
Directly controlled by Thistle Community Ho
-
1200 Kimbark LLC
Low income housing complex · CO · 0.01% owned · share of income $24,996 · share of assets $137,407 · general or managing partner
Directly controlled by Thistle Community Ho
-
Boulder 29th Street LLC
Low income housing complex · CO · 0.005% owned · share of assets $190 · general or managing partner
Directly controlled by Thistle Community Ho
-
Corwood Square LP
Low income housing complex · CO · 0.009% owned · share of income $8,642 · share of assets $10,891,905 · general or managing partner
Directly controlled by Thistle Community Ho
-
Boulder 28th Street LLC
Low income housing complex · CO · 0.005% owned · share of income -$7 · share of assets $495 · general or managing partner
Directly controlled by Thistle Community Ho
-
BBS LLLP
Low income housing complex · CO · 0.01% owned · share of income $14,960 · share of assets $4,600,542 · general or managing partner
Directly controlled by Thistle Community Ho
-
RENOVA V LLLP
Low income housing complex · CO · 0% owned · share of income -$53 · share of assets $19,111,355 · general or managing partner
Directly controlled by Thistle Community Ho
-
Uptown Boulder LLLP
Low income housing complex · CO · 99.99% owned · share of income -$78,814 · share of assets $2,898,848
Directly controlled by Thistle Community HO
-
Fairways IMBY LLLP
Low income housing complex · CO · 99.99% owned · share of income -$3,634 · share of assets $5,759,521
Directly controlled by Thistle Community HO
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Thistle Kimbark LLC
C Corp · General partner in 1200 Kimbark LLC, low · CO · 100% owned · share of income $24,996 · share of assets $137,407
Directly controlled by Thistle Community Ho
-
Thistle Corwood Square LLC
C corp · General partner in Corwood Square LP · CO · 100% owned · share of income $8,642 · share of assets $10,891,905
Directly controlled by Thistle Community Ho
-
4871 BBS LLC
C corp · Real estate dev of LIH · CO · 67% owned · share of income -$251 · share of assets $3,138,161
Directly controlled by Thistle Community Ho
-
Thistle Renova V GP LLC
C corp · Real estate dev of LIH · CO · 100% owned · share of income -$51 · share of assets $222
Directly controlled by Thistle Community Ho
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522179349300027
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