Cooperativa Ahorro Y Credito Abraham Rosa is located in Toa Baja, PR. As of 12/2021, Cooperativa Ahorro Y Credito Abraham Rosa employed 37 individuals. Cooperativa Ahorro Y Credito Abraham Rosa 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 12/2021, Cooperativa Ahorro Y Credito Abraham Rosa generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS A NON PROFIT ORGANIZATION PRIMARILY ENGAGED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAD INTEREST INCOME AND OTHER INCOME FROM ITS OPERATIONS OF $3,859,671 AND IT HAD TOTAL EXPENSES OF $4,676,093.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Luis R Lopez Roman President | 50 | $114,060 | |
Luis A Rivera Negron Vice President Of Credit | Officer | 50 | $66,985 |
Wanda E Reyes Lara Controller | Officer | 50 | $57,546 |
Carmen B Serrano Rodriguez Vice President Of Operations | Officer | 50 | $57,281 |
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 | $3,426,811 |
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 | $3,859,671 |
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. | $295,872 |
Compensation of current officers, directors, key employees. | $295,872 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $958,187 |
Pension plan accruals and contributions | $220,780 |
Other employee benefits | $0 |
Payroll taxes | $126,199 |
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 | $199,985 |
Advertising and promotion | $79,968 |
Office expenses | $62,043 |
Information technology | $122,473 |
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 | $1,521 |
Interest | $222,105 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $256,510 |
Insurance | $643,802 |
All other expenses | $1,010,595 |
Total functional expenses | $4,676,093 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,084,281 |
Savings and temporary cash investments | $1,900,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $588,931 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $64,409,150 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $4,225,087 |
Investments—publicly traded securities | $22,011,603 |
Investments—other securities | $2,900,403 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,822,787 |
Total assets | $116,942,242 |
Accounts payable and accrued expenses | $2,181,830 |
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 | $103,249,892 |
Total liabilities | $105,431,722 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $14,887,238 |
Paid-in or capital surplus, or land, building, or equipment fund | -$3,376,718 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $116,942,242 |
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