Welcome to Thistle Communities
Bienvenidos a las comunidades de Thistle. Para español, presione aquí.
A private, non-profit real estate company, Thistle Communities develops, manages and preserves quality, permanently affordable rental and ownership homes as well as market rate homes in Boulder County. Since our founding in 1989, we’ve created over 1,000 affordable homes.
New One- and Two-Bedroom Apartments in Central Boulder from $1,130 /month
Ledges on 29th near Valmont (shown above)
Lumine on 28th and Bluff (Completion scheduled for Spring 2015)
Inspired Apartments Within Reach
Leased and managed by Thistle Communities
For Lumine/Ledges information, call 303.728.9358 or see www.ledgesboulder.com
No Margin, No Mission
What happens if you pay all your bills and have money left over? You might take a nice vacation, buy a new car or maybe some stock. You don’t call it making a profit, instead it’s more akin to investing in your life or future.
It’s the same with Thistle Communities. At the end of the year, any cash in our accounts is reinvested in the company or its properties. All organizations, for profit or non-profit, need to pay their bills to survive, and if they are managed astutely, they show a surplus of income over expenses or a profit. This “profit” (or margin) is crucial to keeping a company alive. The difference between for-profits and non-profits is where that margin goes. In a for-profit company, the margin is paid to the shareholders, the business owner or other investors. In a non-profit, the margin is retained and reinvested in the organization's mission.
Call it profit, margin or cash; any organization is happy to see more revenue than expense at the end of the year. Our goal is to have a range of community-oriented programs that allow us to earn a profit rather than depending on public and private subsidies. And that’s why at Thistle, we are fond of saying, “No Margin, No Mission.”
Responsible for seeing that the organization thrives is the all-vounteer Board of Directors. Thistle Board members use their financial, legal and non-profit consulting expertise for the benefit of the organization. In 2012-2013 Thistle Board and committee members contributed over 944 hours per year, valued at $163,000 per year. At a typical meeting, shown above, the Board formulates strategy and sets the course for the future.
Climbing the Housing Ladder
Finding a place to call home is one of the most important decisions a family makes. Whether the choice is an apartment or a single-family home, it is usually driven by finances. Thistle Communities' unique niche in Boulder County is offering individuals and families a choice in housing options that range from an affordable rental at 30 percent of the Area Median Income (AMI) to market rate homes that still are the lowest price new homes in the City of Boulder. These price points are rungs on the housing ladder. Renting or buying from Thistle helps families move up the housing ladder, accumulate equity, foster stability and contribute to their community. Please take a moment and explore our rental and home ownership opportunities.
Lumine/Ledges Leasing, call 303.728.9358
Boulder Rental Office, 5620 Arapahoe #212, Boulder, CO 80303 303.442.2293
Longmont Rental Office, 15 Third St., Longmont, CO 80501 303.651.9496
Admin Office (No Leasing Availability Information), 1845 Folsom, Boulder, CO 80302 303.443.0007