Cooperativa De Ahorro Y Credito De Florida
- Assets
- $60.9m
- Revenue
- $5.6m
- Investments
- $861.2k
- Employees
- 35
- Location
- Florida, PR
- Founding
- Data as of
- 12/2021
- EIN
- 66-0264535
Organization Overview
Cooperativa De Ahorro Y Credito De Florida is located in Florida, PR. As of 12/2021, Cooperativa DE Ahorro Y Credito DE Florida employed 35 individuals. Cooperativa DE Ahorro Y Credito DE Florida is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NON PROFIT ORGANZIATION ENGAGED PRIMARILY TO RECIEVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF $2,667,404. IT ALSO EARNED OTHER RELATED INCOME OF $2,904,560 FOR A TOTAL REVENUE OF $5,571,964. THE EXPENSES AMOUNTED A TOTAL OF $3,786,475. IN ADDITION THE COOPERATIVE RECEIVED A CDFI GRANT OF $1,826,265.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zoraida Miranda Viera Interim Executive President | Officer | 40 | $40,076 |
Aryam Lourido Vidal President Of Board Of Directors | Trustee | 1 | $0 |
Damarys Torres Baez Secretary Of Board Of Directors | Trustee | 1 | $0 |
Carmen L Maisonet Sostre Sub Secretary Of Board Of Directors | Trustee | 1 | $0 |
Luis Velez Galarza Treasurer | Trustee | 1 | $0 |
Rene Figueroa Padin Director | Trustee | 1 | $0 |
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 | $1,826,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,826,265 |
| Total Program Service Revenue | $0 |
| Investment income | $2,667,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,571,964 |
| 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. | $40,076 |
| Compensation of current officers, directors, key employees. | $40,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,852 |
| Pension plan accruals and contributions | $61,972 |
| Other employee benefits | $0 |
| Payroll taxes | $62,911 |
| Fees for services: Management | $0 |
| 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 | $152,107 |
| Advertising and promotion | $40,800 |
| Office expenses | $27,486 |
| 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 | $18,733 |
| Interest | $184,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,353 |
| Insurance | $336,029 |
| All other expenses | $503,629 |
| Total functional expenses | $3,786,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,600,994 |
| Savings and temporary cash investments | $5,100,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,312 |
| Loans from Officers, Directors, or Controlling Persons | $84,180 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,262,338 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $213,230 |
| Net Land, buildings, and equipment | $1,594,965 |
| Investments—publicly traded securities | $3,906,508 |
| Investments—other securities | $861,246 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,979 |
| Total assets | $60,853,752 |
| Accounts payable and accrued expenses | $293,710 |
| 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 | $46,475,814 |
| Total liabilities | $46,769,524 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,853,261 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,840,627 |
| Retained earnings, endowment, accumulated income, or other funds | $390,340 |
| Total liabilities and net assets/fund balances | $60,853,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cooperativa De Ahorro Y Credito De Florida has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Inclusiv Inc New York, NY PURPOSE: CREDIT UNION IMPACT CAPACITY BUILDING | $7,000 |
View Grant Recipient Profile
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ponce Medical School Foundation Inc Ponce, PR | $11,600,859 | $25,661,618 |
Liga Puertorriquena Contra El Cancer San Juan, PR | $38,669,713 | $26,629,150 |
Universidad Central Del Caribe Inc Bayamon, PR | $35,289,249 | $27,377,681 |
Cooperativa De Ahorro Y Credito Oriental Humacao, PR | $433,041,205 | $23,460,952 |
Centros Sor Isolina Ferre Inc Ponce, PR | $22,315,489 | $16,849,878 |
Corp Serv Med Prim Y Prev De Hatillo Hatillo, PR | $36,236,018 | $21,541,946 |
Caribbean University Bayamon, PR | $48,412,485 | $17,932,008 |
Puerto Rico Legal Services Incorporated San Juan, PR | $18,895,657 | $19,069,485 |
Boys & Girls Clubs Of Puerto Rico Inc Carolina, PR | $20,563,847 | $15,690,113 |
Baldwin School Of Puerto Rico Inc Bayamon, PR | $21,469,124 | $15,474,261 |
Cooperative De Ahorro Y Credito De Barranquitas Barranquitas, PR | $321,931,771 | $17,940,942 |
Alianza Municipal De Servicios Caguas, PR | $4,966,942 | $12,673,262 |