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← COOPERATIVA DE AHORRO Y CREDITO DR M ZENO GANDIA

Form 990 for tax year 2022

Filed by COOPERATIVA DE AHORRO Y CREDITO DR M ZENO GANDIA.

Totals

Total revenue
$11,452,610
Total expenses
$8,905,119
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$9,168,537
Other revenue
$2,284,073
Total assets, end of year
$274,854,644
Total liabilities, end of year
$214,255,711
Net assets or fund balances, end of year
$60,598,933
Program services expenses (Part IX)
$0
Management and general expenses
$8,905,119
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $9,168,537 · related or exempt $9,168,537 · 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $2,284,073 · related or exempt $2,284,073 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,284,073

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $315,783 · management and general $315,783

  • 7 · Other salaries and wages

    total $1,767,970 · management and general $1,767,970

  • 8 · Pension plan contributions

    total $82,936 · management and general $82,936

  • 9 · Other employee benefits

    total $200,454 · management and general $200,454

  • 10 · Payroll taxes

    total $201,883 · management and general $201,883

  • 11g · Fees: other

    total $418,916 · management and general $418,916

  • 12 · Advertising and promotion

    total $184,814 · management and general $184,814

  • 13 · Office expenses

    total $225,404 · management and general $225,404

  • 16 · Occupancy

    total $183,767 · management and general $183,767

  • 17 · Travel

    total $44,773 · management and general $44,773

  • 19 · Conferences, conventions and meetings

    total $79,102 · management and general $79,102

  • 20 · Interest

    total $591,457 · management and general $591,457

  • 22 · Depreciation, depletion and amortization

    total $428,035 · management and general $428,035

  • 23 · Insurance

    total $1,258,467 · management and general $1,258,467

  • 24a · Other expenses: REPAIR AND MANINTENANCE

    total $325,790 · program services $0 · management and general $325,790 · fundraising $0

  • 24b · Other expenses: UTILITIES

    total $332,827 · program services $0 · management and general $332,827 · fundraising $0

  • 24c · Other expenses: BANK SERVICES CHARGES

    total $103,081 · program services $0 · management and general $103,081 · fundraising $0

  • 24d · Other expenses: CREDIT CARD HANDLING EXPENSES, ATM NETWORK

    total $283,310 · program services $0 · management and general $283,310 · fundraising $0

  • 24e · All other expenses

    total $1,876,350 · management and general $1,876,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,010,638 · end of year $6,741,578

  • 2 · Savings and temporary cash investments

    beginning of year $20,832,290 · end of year $21,882,413

  • 4 · Accounts receivable

    beginning of year $183,346 · end of year $171,029

  • 5 · Loans and receivables from officers and key people

    beginning of year $35,967 · end of year $39,999

  • 7 · Other notes and loans receivable

    beginning of year $86,711,701 · end of year $113,189,838

  • 9 · Prepaid expenses and deferred charges

    beginning of year $601,579 · end of year $641,612

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

    $14,598,150

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

    $8,769,627

  • 10c · Land, buildings and equipment, net

    beginning of year $5,163,198 · end of year $5,828,523

  • 11 · Investments: publicly traded securities

    beginning of year $82,667,017 · end of year $112,931,846

  • 12 · Investments: other securities

    beginning of year $5,121,111 · end of year $5,146,722

  • 15 · Other assets

    beginning of year $9,931,002 · end of year $8,281,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,880,400 · end of year $4,231,362

  • 25 · Other liabilities

    beginning of year $209,430,837 · end of year $210,024,349

  • 29 · Capital stock, trust principal or current funds

    beginning of year $40,733,582 · end of year $42,347,900

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

    beginning of year $16,013,030 · end of year $18,051,033

  • 31 · Retained earnings, endowment or other funds

    beginning of year $200,000 · end of year $200,000

Mission and programs · 2022

Mission

TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARE AND DEPOSITS AND FINANCING SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY.

Activities or mission (Part I)

TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND FINANCING SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY.

  • INTEREST INCOME AND OTHER INCOME OF $11,452,610 AND TOTAL EXPENSES OF $8,905,119.

As filed on the 2022 return.

Listed in Part VII

  • Ismael Velazquez Perez

    PRESIDENT EXECUTIVE

    Total calculated
    $106,602
    From this org
    $106,602
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sahily N Rivas Oliveras

    VP OF ADMINISTRATION AND LEGAL

    Total calculated
    $103,379
    From this org
    $103,379
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Juan L Rodriguez Soto

    SUPERVISOR OF FINANCE

    Total calculated
    $55,311
    From this org
    $55,311
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Xiomara Rosado Rivera

    MANAGER

    Total calculated
    $50,491
    From this org
    $50,491
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 June 2023
IRS schema version
2022v5.0
Source object
202332769349301808

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