La Veta Village Inc
- Assets
- $4.4m
- Revenue
- $424.2k
- Investments
- $0.0
- Employees
- 12
- Location
- La Veta, CO
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 47-5345956
Organization Overview
La Veta Village Inc is located in La Veta, CO. The organization was established in 2016. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, LA Veta Village Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Veta Village Inc 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 12/2023, LA Veta Village Inc generated $424.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $597.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST SENIORS WHO CAN NO LONGER LIVE INDEPENDENTLY TO REMAIN AS HEALTHY AND ACTIVE AS POSSIBLE IN FAMILIAR, SUPPORTIVE SURROUNDINGS IN THE VIBRANT COMMUNITY OF LA VETA, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LA VETA VILLAGE - ON APRIL 28, 2022 THE ORGANIZATION RECEIVED ITS CERTIFICATE OF OCCUPANCY FOR A 16-BED STATE-OF-THE-ART SENIOR ASSISTED LIVING CENTER WITH ENOUGH SPACE TO ALSO SERVE AS A SENIORS GATHERING PLACE FOR THE TOWN OF LA VETA, COLORADO. ON SEPTEMBER 22, 2022, THE ORGANIZATION RECEIVED ITS OFFICIAL LICENSE FROM THE STATE TO OPERATE AS AN ASSISTED LIVING RESIDENCE. THE FIRST ROOM RENTALS COMMENCED ON OCTOBER 1, 2022.
COMMUNITY FOOD BANK - DURING 2023 THE ORGANIZATION CONTINUED TO PROVIDE FOOD FOR OLDER ADULTS AND AREA FAMILIES. THE NEED FOR THIS SERVCIE HAS PERSISTED SINCE THE BRUNT OF THE PANDEMIC. FUNDED PRIMARILY THROUGH DONOR RESTRICTED GIFTS AND USING DONATED SPACE AT A TOWN CENTER, 1,396 CITIZENS WERE BENEFITTED IN 2023. FOR THE GROCERY SHOPPING SERVICE, 5 UNIQUE HOUSEHOLDS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Vezzani Director | Trustee | 2 | $0 |
David Roden Director | Trustee | 2 | $0 |
Jeanne Schwarz Director | Trustee | 5 | $0 |
Pat Nettesheim Chair Person | OfficerTrustee | 2 | $0 |
Carolyn Frazee Secretary | OfficerTrustee | 2 | $0 |
Sarah Hoffman Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,566 |
| Total Program Service Revenue | $337,660 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,105 |
| Fees for services: Management | $21,236 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,836 |
| Advertising and promotion | $1,691 |
| Office expenses | $5,120 |
| Information technology | $3,976 |
| Royalties | $0 |
| Occupancy | $81,805 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,202 |
| Insurance | $26,273 |
| All other expenses | $0 |
| Total functional expenses | $597,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,274 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,311,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,403,610 |
| Accounts payable and accrued expenses | $17,075 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,387,773 |
| Unsecured mortgages and notes payable | $86,333 |
| Other liabilities | $0 |
| Total liabilities | $3,491,181 |
| Net assets without donor restrictions | $907,693 |
| Net assets with donor restrictions | $4,736 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,403,610 |