Skip to content
Nonprofiteer
← COOPERATIVA LA SAGRADA FAMILIA

Form 990 for tax year 2023

Filed by COOPERATIVA LA SAGRADA FAMILIA.

Totals

Total revenue
$18,355,245
Total expenses
$11,930,954
Contributions and grants received
$3,717,900
Grants paid
$0
Program service revenue
$10,196,346
Investment income
$2,449,115
Other revenue
$1,991,884
Total assets, end of year
$278,709,926
Total liabilities, end of year
$141,209,860
Net assets or fund balances, end of year
$137,500,066
Program services expenses (Part IX)
$10,804,645
Management and general expenses
$1,126,309
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 90.6% 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.

  • 1e · Government grants (contributions)

    $3,717,900

  • 2a · Program service revenue: MEMBERS'LOANS INTERESTS

    total $10,196,346 · related or exempt $10,196,346

  • 3 · Investment income

    total $2,449,115 · related or exempt $2,449,115

  • 11a · Other revenue: REV FROM MEMB CRED&DEB CARDS

    total $1,269,746 · related or exempt $1,269,746

  • 11b · Other revenue: REV FROM MEMB ACC&LOANS CHARG

    total $393,527 · related or exempt $393,527

  • 11c · Other revenue: OTHER REV FROM MEMB SERV

    total $328,611 · related or exempt $328,611

  • 11e · Other revenue, total

    $1,991,884

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $177,583 · program services $177,583

  • 5 · Compensation of officers, directors and key employees

    total $288,776 · program services $288,776

  • 7 · Other salaries and wages

    total $1,917,638 · program services $1,586,676 · management and general $330,962

  • 8 · Pension plan contributions

    total $96,579 · program services $82,092 · management and general $14,487

  • 9 · Other employee benefits

    total $534,394 · program services $454,235 · management and general $80,159

  • 10 · Payroll taxes

    total $243,743 · program services $207,180 · management and general $36,563

  • 11a · Fees: management

    total $391,824 · program services $333,050 · management and general $58,774

  • 12 · Advertising and promotion

    total $298,197 · program services $298,197

  • 13 · Office expenses

    total $80,792 · program services $68,673 · management and general $12,119

  • 19 · Conferences, conventions and meetings

    total $127,624 · program services $108,480 · management and general $19,144

  • 20 · Interest

    total $123,786 · program services $123,786

  • 22 · Depreciation, depletion and amortization

    total $671,617 · program services $570,874 · management and general $100,743

  • 23 · Insurance

    total $1,029,565 · program services $875,130 · management and general $154,435

  • 24a · Other expenses: PROV FOR MEMB LOANS&OTHER

    total $2,544,113 · program services $2,544,113

  • 24b · Other expenses: MEMB CRED & BANK SERVICES

    total $1,388,857 · program services $1,388,857

  • 24c · Other expenses: REP, MAINT & UTILITIES

    total $1,026,613 · program services $872,621 · management and general $153,992

  • 24d · Other expenses: OTHER EXPENSES

    total $989,253 · program services $824,322 · management and general $164,931

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,705,831 · end of year $23,534,616

  • 2 · Savings and temporary cash investments

    beginning of year $11,210,000 · end of year $7,935,000

  • 7 · Other notes and loans receivable

    beginning of year $133,508,143 · end of year $157,003,945

  • 9 · Prepaid expenses and deferred charges

    beginning of year $727,840 · end of year $740,758

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

    $20,365,802

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

    $8,274,906

  • 10c · Land, buildings and equipment, net

    beginning of year $12,331,508 · end of year $12,090,896

  • 11 · Investments: publicly traded securities

    beginning of year $69,496,155 · end of year $67,550,548

  • 12 · Investments: other securities

    beginning of year $5,947,760 · end of year $6,181,008

  • 14 · Intangible assets

    beginning of year $2,427,645 · end of year $1,957,778

  • 15 · Other assets

    beginning of year $3,496,878 · end of year $1,715,377

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,317,553 · end of year $1,803,083

  • 25 · Other liabilities

    beginning of year $144,913,282 · end of year $139,406,777

  • 29 · Capital stock, trust principal or current funds

    beginning of year $111,855,944 · end of year $114,137,819

  • 31 · Retained earnings, endowment or other funds

    beginning of year $17,764,981 · end of year $23,362,247

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY.

  • DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES.

  • DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Manuel Colon Santos

    DIRECTOR

    Total calculated
    $1,460
    From this org
    $1,460
    From related orgs
    $0
    Other
    $0

  • Fernando Colon Santos

    DIRECTOR

    Total calculated
    $1,170
    From this org
    $1,170
    From related orgs
    $0
    Other
    $0

  • Nimia Perez Vazquez

    BOARD OF DIR

    Total calculated
    $430
    From this org
    $430
    From related orgs
    $0
    Other
    $0

  • Donel Cosme Diaz

    BOARD VICE P

    Total calculated
    $1,330
    From this org
    $1,330
    From related orgs
    $0
    Other
    $0

  • Giana B Garcia Jimenez

    SECRETARY OF

    Total calculated
    $1,370
    From this org
    $1,370
    From related orgs
    $0
    Other
    $0

  • Pablo Vazquez Ramos

    SUB SECRETAR

    Total calculated
    $1,520
    From this org
    $1,520
    From related orgs
    $0
    Other
    $0

  • Jose L Colo Gonzalez

    BOARD OF DIR

    Total calculated
    $940
    From this org
    $940
    From related orgs
    $0
    Other
    $0

  • Israel Caldero Perez

    DIRECTOR

    Total calculated
    $1,540
    From this org
    $1,540
    From related orgs
    $0
    Other
    $0

  • Julia Alicea Gonzalez

    BOARD PRESID

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0

  • Eddie O Suarez Ortiz

    BOARD OF DIR

    Total calculated
    $860
    From this org
    $860
    From related orgs
    $0
    Other
    $0

  • Carmen B Fuentes

    BOARD OF DIR

    Total calculated
    $1,390
    From this org
    $1,390
    From related orgs
    $0
    Other
    $0

  • Eddie Alicea

    PRESIDENT

    Total calculated
    $163,892
    From this org
    $158,224
    From related orgs
    $0
    Other
    $5,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,691
    Bonus
    $16,533
    Other
    not reported
    Deferred
    $5,668
    Nontaxable benefits
    not reported
    Filer's total
    $163,892

  • Angel Negron

    FINANCIAL DI

    Total calculated
    $59,273
    From this org
    $59,273
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hector J Motta Berrios

    DIR OF OPERA

    Total calculated
    $57,669
    From this org
    $57,669
    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. 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 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
2023
Filed
3 September 2024
IRS schema version
2023v5.0
Source object
202422509349300622

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.