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Nonprofiteer
← COOPERATIVA DE AHORRO Y CREDITO SAN JOSE

Form 990 for tax year 2024

Filed by COOPERATIVA DE AHORRO Y CREDITO SAN JOSE.

Totals

Total revenue
$21,386,623
Total expenses
$16,900,437
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,115,000
Investment income
$4,925,237
Other revenue
$3,346,386
Total assets, end of year
$315,802,392
Total liabilities, end of year
$227,543,901
Net assets or fund balances, end of year
$88,258,491
Program services expenses (Part IX)
$11,889,237
Management and general expenses
$5,011,200
Fundraising expenses
$0
Program service expenses (Part III)
$11,889,237

Program services were 70.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $13,115,000 · related or exempt $13,115,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,925,237 · related or exempt $4,925,237 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $134,704 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $134,704 · personal property $0

  • 6d · Net rental income or loss

    total $134,704 · related or exempt $134,704 · unrelated business $0 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: COMISION

    total $793,213 · related or exempt $793,213 · unrelated business $0 · excluded $0

  • 11b · Other revenue: ATH FEES REVENUE

    total $654,807 · related or exempt $654,807 · unrelated business $0 · excluded $0

  • 11c · Other revenue: CHECK ACCOUNT INCOME

    total $557,634 · related or exempt $557,634 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $1,206,028 · related or exempt $1,206,028 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,211,682

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $1,226,904 · program services $785,219 · management and general $441,685 · fundraising $0

  • 7 · Other salaries and wages

    total $2,125,959 · program services $1,360,614 · management and general $765,345 · fundraising $0

  • 8 · Pension plan contributions

    total $118,180 · program services $75,635 · management and general $42,545 · fundraising $0

  • 9 · Other employee benefits

    total $417,712 · program services $267,336 · management and general $150,376 · fundraising $0

  • 10 · Payroll taxes

    total $317,693 · program services $203,324 · management and general $114,369 · fundraising $0

  • 11a · Fees: management

    total $273,237 · program services $174,872 · management and general $98,365 · fundraising $0

  • 12 · Advertising and promotion

    total $1,322,003 · program services $846,082 · management and general $475,921 · fundraising $0

  • 13 · Office expenses

    total $59,228 · program services $0 · management and general $59,228 · fundraising $0

  • 20 · Interest

    total $3,085,724 · program services $3,085,724 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $627,687 · program services $401,720 · management and general $225,967 · fundraising $0

  • 23 · Insurance

    total $996,287 · program services $637,624 · management and general $358,663 · fundraising $0

  • 24e · All other expenses

    total $6,329,823 · program services $4,051,087 · management and general $2,278,736 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,390,889 · end of year $7,321,120

  • 2 · Savings and temporary cash investments

    beginning of year $11,694,388 · end of year $7,867,642

  • 7 · Other notes and loans receivable

    beginning of year $179,858,651 · end of year $198,803,826

  • 9 · Prepaid expenses and deferred charges

    beginning of year $790,773 · end of year $600,583

  • 10a · Land, buildings and equipment: cost or other basis

    $15,168,839

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,465,572

  • 10c · Land, buildings and equipment, net

    beginning of year $7,663,536 · end of year $7,703,267

  • 11 · Investments: publicly traded securities

    beginning of year $87,236,938 · end of year $87,057,273

  • 12 · Investments: other securities

    beginning of year $5,775,343 · end of year $5,984,820

  • 15 · Other assets

    beginning of year $660,600 · end of year $463,861

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,234,145 · end of year $5,119,051

  • 25 · Other liabilities

    beginning of year $206,836,492 · end of year $222,424,850

  • 29 · Capital stock, trust principal or current funds

    beginning of year $52,472,053 · end of year $52,901,111

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,528,428 · end of year $35,357,380

Mission and programs · 2024

Mission

IT'S A COOPERATIVE LOAN AND SAVINGS ASSOCIATION.

Activities or mission (Part I)

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.

  • THE ORGANIZATION ACCOMPLISHES ITS PURPOSES BY MAKING AVAILABLE SAVINGS AND CREDIT AFFORDABLE TO ITS MEMBERS.

    Expenses $11,889,237 · Revenue $21,386,623

As filed on the 2024 return.

Listed in Part VII

  • Ricky Berrios Figueroa

    CEO

    Total calculated
    $189,009
    From this org
    $189,009
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,009
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $189,009

  • Yahaira Santiago Andaluz

    EXECUTIVE VICE-PRESIDENT

    Total calculated
    $99,248
    From this org
    $99,248
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Fernando L Figueroa Rivera

    FINANCIAL OFFICER

    Total calculated
    $81,492
    From this org
    $81,492
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lester Guzman Tirado

    AUDITOR MANAGER

    Total calculated
    $71,468
    From this org
    $71,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Edanise Santiago Ortiz

    MANAGER

    Total calculated
    $67,621
    From this org
    $67,621
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Luz E Ortiz Rosario

    COMPLIANCE OFFICER

    Total calculated
    $65,424
    From this org
    $65,424
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Carlos H Rodriguez Nieves

    MANAGER

    Total calculated
    $63,046
    From this org
    $63,046
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jason Caldera Torres

    MANAGER

    Total calculated
    $62,361
    From this org
    $62,361
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Glenda I Rivera Ortiz

    OPERATIONS OFFICER

    Total calculated
    $60,113
    From this org
    $60,113
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ivette M Cartagena Rivera

    HUMAN RESOURCES OFFICER

    Total calculated
    $55,232
    From this org
    $55,232
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hector De Jesus Nunez

    SYSTEM OFFICER

    Total calculated
    $54,578
    From this org
    $54,578
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Abimael Gonzalez Rolon

    SYSTEM OFFICER

    Total calculated
    $53,937
    From this org
    $53,937
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Laurimar Berrios Rosario

    OPERATIONS OFFICER

    Total calculated
    $48,919
    From this org
    $48,919
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sarid Bermudez Vazquez

    OPERATIONS OFFICER

    Total calculated
    $48,219
    From this org
    $48,219
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Johanna Segarra Ortiz

    OPERATIONS OFFICER

    Total calculated
    $45,462
    From this org
    $45,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Grisel Del Valle Rivera

    OPERATION OFFICIAL

    Total calculated
    $43,792
    From this org
    $43,792
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ana Elsa Alicea Collazo

    REGISTER SUPERVISOR

    Total calculated
    $40,961
    From this org
    $40,961
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yorimar Diaz Ortiz

    COLLECTION SUPERVISOR

    Total calculated
    $39,992
    From this org
    $39,992
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Felix X Morales Colon

    SYSTEMS OFFICER

    Total calculated
    $36,030
    From this org
    $36,030
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Zoraida Santos Reyes

    DIRECTOR BOARD OF DIRECTOR

    Total calculated
    $4,263
    From this org
    $0
    From related orgs
    $0
    Other
    $4,263
    Hours/week
    4

  • Evelyn Quiles Rosario

    VICE PRESIDENT BOARD OF DIRECTOR

    Total calculated
    $3,272
    From this org
    $0
    From related orgs
    $0
    Other
    $3,272
    Hours/week
    4

  • Esther Colon Roche

    SECRETARY BOARD OF DIRECTOR

    Total calculated
    $2,947
    From this org
    $0
    From related orgs
    $0
    Other
    $2,947
    Hours/week
    4

  • Jorge L Santos Ortiz

    PRESIDENT BOARD OF DIRECTOR

    Total calculated
    $2,612
    From this org
    $0
    From related orgs
    $0
    Other
    $2,612
    Hours/week
    4

  • Edgardo Rodriguez Morales

    SUB SECRETARY BOARD OF DIRECTORS

    Total calculated
    $1,640
    From this org
    $0
    From related orgs
    $0
    Other
    $1,640
    Hours/week
    4

  • Rafael Santos Balibrea

    TREASURER BOARD OF DIRECTOR

    Total calculated
    $1,210
    From this org
    $0
    From related orgs
    $0
    Other
    $1,210
    Hours/week
    4

  • Carlos G Vazquez Cartagena

    DIRECTOR BOARD OF DIRECTOR

    Total calculated
    $800
    From this org
    $0
    From related orgs
    $0
    Other
    $800
    Hours/week
    4

  • Reinaldo Vidal Lopez

    DIRECTOR BOARD OF DIRECTOR

    Total calculated
    $560
    From this org
    $0
    From related orgs
    $0
    Other
    $560
    Hours/week
    4

  • Carlos Hernandez Rosario

    SUB TREASURER BOARD OF DIRECTOR

    Total calculated
    $190
    From this org
    $0
    From related orgs
    $0
    Other
    $190
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
24 June 2025
IRS schema version
2024v5.0
Source object
202501839349301400

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