Cooperativa De Ahorro Y Credito Cristobal Rodriguez Hidalgo
- Assets
- $144.5m
- Revenue
- $7.7m
- Investments
- $19.7m
- Employees
- 56
- Location
- Coamo, PR
- Founding
- Data as of
- 12/2022
- EIN
- 66-0266868
Organization Overview
Cooperativa De Ahorro Y Credito Cristobal Rodriguez Hidalgo is located in Coamo, PR. As of 12/2022, Cooperativa DE Ahorro Y Credito Cristobal Rodriguez Hidalgo employed 56 individuals. Cooperativa DE Ahorro Y Credito Cristobal Rodriguez Hidalgo 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 12/2022, Cooperativa DE Ahorro Y Credito Cristobal Rodriguez Hidalgo generated $7.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SERVICES SUCH AS LOANS AND SAVINGS ACCOUNTS TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION LOANS PORTFOLIO INCREASED BY 25.43%. THE COMMUNITY BENEFITS FROM THIS BECAUSE THE COOPERATIVE IS PROVIDING MORE FINANCING OPTIONS TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel A Colon Robles Executive President | 40 | $101,500 | |
Juan J Aulet Robles Finance Accounting VP | Officer | 40 | $59,458 |
Gloria I Vazquez Rivera Vice President | Officer | 40 | $62,201 |
Doris Hernandez Rodriguez Compliance Officer | Officer | 40 | $47,648 |
Emily Santiago Rivera Virtual Manager | Officer | 40 | $30,705 |
Nelson L Reyes Figueroa Branch Manager | Officer | 40 | $44,985 |
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 | $0 |
| Investment income | $6,696,254 |
| 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 | $7,680,274 |
| 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. | $443,731 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,140,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $114,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,547 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,962 |
| Advertising and promotion | $274,409 |
| Office expenses | $82,070 |
| Information technology | $429,582 |
| 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 | $129,341 |
| Interest | $382,996 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,360 |
| Insurance | $435,826 |
| All other expenses | $599,655 |
| Total functional expenses | $5,794,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,221,314 |
| Savings and temporary cash investments | $3,977,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,121,267 |
| Loans from Officers, Directors, or Controlling Persons | $544,191 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,298,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,682,364 |
| Investments—program-related | $2,520,595 |
| Intangible assets | $0 |
| Other assets | $3,108,473 |
| Total assets | $144,474,692 |
| Accounts payable and accrued expenses | $4,607,366 |
| 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 | $92,205,061 |
| Total liabilities | $96,812,427 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $35,410,547 |
| Paid-in or capital surplus, or land, building, or equipment fund | $11,444,936 |
| Retained earnings, endowment, accumulated income, or other funds | $806,782 |
| Total liabilities and net assets/fund balances | $144,474,692 |