Cooperativa De Ahorro Y Credito San Jose
- Assets
- $297.1m
- Revenue
- $22.0m
- Investments
- $5.8m
- Employees
- 75
- Location
- Aibonito, PR
- Founding
- Data as of
- 12/2023
- EIN
- 66-0231533
Organization Overview
Cooperativa De Ahorro Y Credito San Jose is located in Aibonito, PR. As of 12/2023, Cooperativa DE Ahorro Y Credito San Jose employed 75 individuals. Cooperativa DE Ahorro Y Credito San Jose is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2023, Cooperativa DE Ahorro Y Credito San Jose generated $22.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $14.4m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
NON-PROFIT ORGANIZATION CREATED UNDER THE COMMONWEALTH OF PUERTO RICO. IT'S A FINANCIAL INSTITUTION THAT RECEIVES SAVINGS FUNDS AS DEPOSITS AND SHARES. ALSO PROVIDE FINANCING SOURCES OF LOANS TO MEMBERS AS PERSONAL, MORTGAGE, AUTOMOBILE AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACCOMPLISHES ITS PURPOSES BY MAKING AVAILABLE SAVINGS AND CREDIT AFFORDABLE TO ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Berrios Figueroa CEO | Officer | 40 | $179,898 |
Yahaira Santiago Andaluz Executive Vice-President | Officer | 40 | $100,015 |
Fernando L Figueroa Rivera Financial Officer | Officer | 40 | $70,387 |
Luz E Ortiz Rosario Compliance Officer | Officer | 40 | $64,359 |
Carlos H Rodriguez Nieves Manager | Officer | 40 | $61,836 |
Edanise Santiago Ortiz Manager | Officer | 40 | $61,226 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Helvetia Del Caribe Inc Banking Core | 12/30/23 | $177,688 |
Blue Morpho Advertising | 12/30/23 | $136,847 |
Oscar Law Group Llc Consulting | 12/30/23 | $102,070 |
Efico Consulting | 12/30/23 | $266,364 |
Vpnet Communication | 12/30/23 | $149,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,116,879 |
| Investment income | $3,406,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $128,941 |
| 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 | $21,995,808 |
| 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. | $1,160,597 |
| Compensation of current officers, directors, key employees. | $417,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,679,157 |
| Pension plan accruals and contributions | $117,400 |
| Other employee benefits | $338,335 |
| Payroll taxes | $285,578 |
| Fees for services: Management | $277,653 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,297,712 |
| Office expenses | $55,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,293 |
| Interest | $2,088,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $536,032 |
| Insurance | $893,524 |
| All other expenses | $5,509,143 |
| Total functional expenses | $14,350,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,390,889 |
| Savings and temporary cash investments | $11,694,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $179,858,651 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $790,773 |
| Net Land, buildings, and equipment | $7,663,536 |
| Investments—publicly traded securities | $87,236,938 |
| Investments—other securities | $5,775,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $660,600 |
| Total assets | $297,071,118 |
| Accounts payable and accrued expenses | $6,234,145 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,836,492 |
| Total liabilities | $213,070,637 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $52,472,053 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $31,528,428 |
| Total liabilities and net assets/fund balances | $297,071,118 |