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La Veta Village Inc

EIN 47-5345956 · La Veta, CO

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak47 out of 100GovernanceFair68 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$698,599
Spending
$635,922
Spent on programs
84%
Reserves
-60.8 months of spending
Largest source of income
fees for its services, 67%
Employees
21

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 47 out of 100. Higher than 43% of charities in its peer group (housing, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 78% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 9% of income.

  • Income trend

    15 of 15

    Income rose 65% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 68 out of 100. Higher than 28% of charities in its peer group (housing, $250k to $1m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $521,444 spent. 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.
  2. $13,367 spent. COMMUNITY FOOD BANK - DURING 2024 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, 1,647 CITIZENS WERE BENEFITTED IN 2024. FOR THE GROCERY SHOPPING SERVICE, 16 UNIQUE HOUSEHOLDS WERE SERVED.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.