Colorado · Nonprofit
Thistle Community Housing
Thistle Community Housing (Colorado) receives grants from 7 organizations whose IRS filings report $3,539,453 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($3,345,437). 4 of them have funded it in more than one year.
- Revenue FY2025
- $6.7M
- Funders on record
- 7
- Grants received
- $3.5M
- Net assets
- $33M
What Thistle Community Housing does
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.
As stated on its FY2025 Form 990.
Programs
Thistle Community Housing owns and manages 785 permanently affordable rentals for low income residents including people with disabilities in Boulder County, Colorado.
$2,281,903 spent$2,520,499 earned by the program50% of program spendingThistles 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.
$2,247,668 spent$1,708,332 earned by the program50% of program spendingThistles 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.
$10,970 spent$102,104 earned by the program0% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,540,541.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $45M to $54M (+18%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 6% · 2018 5% · 2019 8% · 2020 7% · 2021 9% · 2022 15% · 2023 12% · 2024 18% · 2025 35%. Grants only. Government contracts and fees sit inside program revenue.
35% of Thistle Community Housing’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Paul D'Angelo
CEO
Board chair
Megan Bruce
Board Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 5 funders, grant income rose $355k → $434k.
1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Thistle Community Housing’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Thistle Community Housing leans on a few funders — its largest provides 95% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Thistle Community Housing.
Largest funder’s share by year: 2017 91% · 2018 92% · 2019 92% · 2020 92% · 2021 100% · 2022 94% · 2023 94% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
Thistle Community Housing draws 97% of its grant income from funders outside Colorado, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $9k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Thistle Community Housing runs a healthier operating margin than three-quarters of the 2,196 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 2,196 housing & shelter nonprofits $1M–$10M, FY2025
Organizations like Thistle Community Housing
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Colorado
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Public support
29%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 29 related entities
- IMBY LLC disregarded entity · disregarded
- MBY Development LLC I disregarded entit · disregarded
- Village By The Park LLC disregarded ent · disregarded
- My Back Yard LLC disregarded entity · disregarded
- Mapleton LLC disregarded entity · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for Thistle Community Housing: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Thistle Community Housing?
- Thistle Community Housing (Colorado) receives grants from 7 organizations whose IRS filings report $3,539,453 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($3,345,437). 4 of them have funded it in more than one year.
- How many funders does Thistle Community Housing have?
- IRS filings report 7 organizations giving $3,539,453 in grants to Thistle Community Housing, 4 of which have funded it in more than one year.
- Who is the largest funder of Thistle Community Housing?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $3,345,437 in grants. The full list of funders is on this page.
- How can an organization like Thistle Community Housing find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Colorado. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Thistle Community Housing →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing