Civic Intelligence

Cooperativa Ahorro Y Credito Abraham Rosa

EIN 66-0313974 • 501(c)14 • Toa Baja, PR

View Organization Page

Profile

The organization does savings and deposits

Hc 01 Box 9087Toa Baja, PR 00949

arcoop.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.90x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

27.32x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2021

Net Margin

2nd percentile

-21%

Higher net margin than 2% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

4th percentile

$114,060

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)14 • $100M-$250M nonprofits • Source year 2021

Asset Growth

94th percentile

12%

Faster asset growth than 94% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

25%

Faster revenue growth than 88% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$116,942,242

Up $12,233,261 (+12%) from 2020

Liabilities

Up

$105,431,722

Up $12,758,756 (+14%) from 2020

Net Assets

Down

$11,510,520

Down $525,495 (-4.4%) from 2020

Operations
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Up

$3,859,671

Up $763,442 (+25%) from 2020

Expenses

Up

$4,676,093

Up $316,836 (+7.3%) from 2020

Net Income

Up

-$816,422

Up $446,606 (+35%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2013: $93,021,407Liabilities 2013: $72,374,844Net Assets 2013: $20,646,5632013Assets 2014: $95,213,198Liabilities 2014: $75,483,155Net Assets 2014: $19,730,0432014Assets 2015: $96,591,638Liabilities 2015: $77,219,497Net Assets 2015: $19,372,1412015Assets 2016: $90,907,456Liabilities 2016: $73,325,428Net Assets 2016: $17,582,0282016Assets 2017: $88,292,873Liabilities 2017: $72,760,080Net Assets 2017: $15,532,7932017Assets 2018: $90,599,836Liabilities 2018: $76,843,950Net Assets 2018: $13,755,8862018Assets 2019: $87,047,040Liabilities 2019: $74,619,861Net Assets 2019: $12,427,1792019Assets 2020: $104,708,981Liabilities 2020: $92,672,966Net Assets 2020: $12,036,0152020Assets 2021: $116,942,242Liabilities 2021: $105,431,722Net Assets 2021: $11,510,5202021

Highlighted filing

2021

Assets$116,942,242
Liabilities$105,431,722
Net Assets$11,510,520
Open 2021 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $4,410,644Expenses 2013: $4,396,373Net Income 2013: $14,2712013Revenue 2014: $4,620,894Expenses 2014: $4,139,917Net Income 2014: $480,9772014Revenue 2015: $4,446,345Expenses 2015: $4,094,903Net Income 2015: $351,4422015Revenue 2016: $3,675,308Expenses 2016: $4,383,095Net Income 2016: -$707,7872016Revenue 2017: $2,976,724Expenses 2017: $4,355,918Net Income 2017: -$1,379,1942017Revenue 2018: $2,781,900Expenses 2018: $4,434,586Net Income 2018: -$1,652,6862018Revenue 2019: $3,550,182Expenses 2019: $5,022,564Net Income 2019: -$1,472,3822019Revenue 2020: $3,096,229Expenses 2020: $4,359,257Net Income 2020: -$1,263,0282020Revenue 2021: $3,859,671Expenses 2021: $4,676,093Net Income 2021: -$816,4222021

Highlighted filing

2021

Revenue$3,859,671
Expenses$4,676,093
Net Income-$816,422
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$116,942,242
Liabilities
$105,431,722
Net assets
$11,510,520
Revenue
$3,859,671
Expenses
$4,676,093
Net income
-$816,422
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$117$105$11.5$3.86$4.68$0.82
2020Detailed filing. Detailed filing data is available for this year.$105$92.7$12.0$3.10$4.36$1.26
2019Detailed filing. Detailed filing data is available for this year.$87.0$74.6$12.4$3.55$5.02$1.47
2018Detailed filing. Detailed filing data is available for this year.$90.6$76.8$13.8$2.78$4.43$1.65
2017Detailed filing. Detailed filing data is available for this year.$88.3$72.8$15.5$2.98$4.36$1.38
2016Detailed filing. Detailed filing data is available for this year.$90.9$73.3$17.6$3.68$4.38$0.71
2015Detailed filing. Detailed filing data is available for this year.$96.6$77.2$19.4$4.45$4.09$0.35
2014Detailed filing. Detailed filing data is available for this year.$95.2$75.5$19.7$4.62$4.14$0.48
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.0$72.4$20.6$4.41$4.40$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 27, 2022
Return Version
2021v4.0
Gross Receipts
$3,859,671
Mission and Program Overview

Mission

The organization does savings and deposits

It is a non profit organization primarily engaged to receive savings from its members in the form of shares and deposits

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$48,516,569$64,409,150▲ $15,892,581
Investments in Publicly Traded Securities$14,190,791$22,011,603▲ $7,820,812
Cap Stk Tr Prin Current Funds$14,651,197$14,887,238▲ $236,041
Cash and Non-Interest-Bearing Accounts$24,843,912$14,084,281▼ $10,759,631
Land, Buildings, and Equipment, Net$4,439,672$4,225,087▼ $214,585
Investments Other Securities$2,884,032$2,900,403▲ $16,371
Savings and Temporary Cash Investments$1,650,000$1,900,000▲ $250,000
Receivables From Officers Etc$892,172$588,931▼ $303,241
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-2,615,182$-3,376,718▼ $761,536
Total Assets$104,708,981$116,942,242▲ $12,233,261
Other Assets Total$7,291,833$6,822,787▼ $469,046
Liabilities
Other Liabilities$91,469,592$103,249,892▲ $11,780,300
Accounts Payable and Accrued Expenses$1,203,374$2,181,830▲ $978,456
Total Liabilities$92,672,966$105,431,722▲ $12,758,756
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,036,015$11,510,520▼ $525,495
Total Liabilities and Net Assets / Fund Balance$104,708,981$116,942,242▲ $12,233,261

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,403,748$1,788,093$0
Other Land Buildings$0$23,972$0
Land$280,121-$0
Equipment$268,879$2,424,923$0
Leasehold Improvements$272,339$486,180$0
Other Assets Org$6,535,875--
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Luis R Lopez RomanPresidentFT$114,060$114,060
Luis a Rivera NegronVice President of CreditFT$66,985$66,985
Wanda E Reyes LaraControllerFT$57,546$57,546
Carmen B Serrano RodriguezVice President of OperationsFT$57,281$57,281

Highest Paid Contractors

ContractorServicesLocationCompensation
Slcn Law PscService Of LawCENTRO INTERNACIONAL DE MERCADEO, SARR 165 TORRE 1 SUITE 708, Guaynabo, PR 00968$110,745
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,426,811
Other Revenue
$432,860
Change in Net Assets
$-816,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,859,671
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,859,671
Total Revenue per Form 990
$3,859,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,075,055
Salaries, Compensation, and Employee Benefits$1,601,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$1,010,595-$1,010,595
Other Salaries and Wages-$958,187-$958,187
Insurance-$643,802-$643,802
Current Officers, Directors, Trustees, and Key Employees-$295,872-$295,872
Depreciation Depletion-$256,510-$256,510
Interest-$222,105-$222,105
Pension Plan Contributions-$220,780-$220,780
Fees for Services Other-$199,985-$199,985
Other Expenses$0$168,510$0$168,510
Payroll Taxes-$126,199-$126,199
Information Technology-$122,473-$122,473
Advertising-$79,968-$79,968
Office Expenses-$62,043-$62,043
Conferences and Meetings-$1,521-$1,521
Total Functional Expenses$0$4,676,093$0$4,676,093

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,676,093
Total Expenses per Audited Statements$4,676,093
Total Expenses per Form 990$4,676,093
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$892,172$588,931▼ $303,241
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$90,767,770
Certificated of Deposits$12,482,122
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members called "socios". Each member contributes at least 120 dollars in shares.”

Form 990, Part VI, Section A, Line 7A

“Each year the organization performs its annual stockholders meeting, where members of the governing board are elected for three year period.”

Form 990, Part VI, Section A, Line 7B

“Only those affecting general rules.”

Form 990, Part VI, Section B, Line 11B

“The organization has to send every three months a report on compliance with laws and regulations to the regulator in this case cossec.”

Form 990, Part VI, Section B, Line 12C

“The organization has to send every three months a report on compliance with laws and regulations to the regulator in this case cossec.”

Form 990, Part VI, Section B, Line 15

“The board of directors performs annual evaluation over ceo performance also the ceo has an employment formal contract or agreement.”

Form 990, Part VI, Section C, Line 19

“Each year the organization performs its annual stockholders meeting where members of the governing board are elected for a three year period. Also audited financial statements are discussed by the board of directors with members. Financial statements are available for each member at the annual meeting.”

Filing and Contact Details

Filer

Filer Name
Cooperativa Ahorro Y Credito Abraham Rosa
EIN
66-0313974
Phone
7876223055
Address
HC 01 BOX 9087, TOA BAJA, PR 00949

Signing Officer

Name
Luis R Lopez
Title
President
Phone
7876223055
Signed
2022-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luis R Lopez
Formed
1960
Legal Domicile
Pr
Voting Board Members
7
Independent Board Members
7
Employees
37
Volunteers
0

Preparer

Firm
Llavona Casas CPA PSC
Address
CENTRO INTERNACIONAL DE MERCADEO, TORRE 1 100 CARR 165 SUITE 708, GUAYNABO, PR 00968
Preparer
Fernando Llavona
Phone
7877648664
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Education $19,336; meeting $21,521; bank charges $56,265; delivery expenses $3,740; club dues $5,710; other expenses $28,338; donations $12,951; maintenance of atm $36,352; credit reports $22,889; maintenance of master $ 67,636; management of current accounts $2,648; liga de cooperativas $4,000 adjustment valuation repossessed properties $5,510; loss in especial amortization $696,939.”

Form 990, Part XI, Line 9

“Increases in share $236,041;increases in social capital reserve $54,886.”

Raw XML AppendixShowing 400 of 464 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT OF CREDIT
IRS990/Form990PartVIISectionAGrp/TitleTxt2CONTROLLER
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IRS990/OtherExpensesGrp/Desc1PROVISION FOR BAD DEBTS
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0104281
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt160000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2143262
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3168510
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0104281
IRS990/OtherExpensesGrp/TotalAmt160000
IRS990/OtherExpensesGrp/TotalAmt2143262
IRS990/OtherExpensesGrp/TotalAmt3168510
IRS990/OtherLiabilitiesGrp/BOYAmt091469592
IRS990/OtherLiabilitiesGrp/EOYAmt0103249892
IRS990/OtherRevenueTotalAmt0432860
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0958187
IRS990/OtherSalariesAndWagesGrp/TotalAmt0958187
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt048516569
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt064409150
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0126199
IRS990/PayrollTaxesGrp/TotalAmt0126199
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-2615182
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-3376718
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0220780
IRS990/PensionPlanContributionsGrp/TotalAmt0220780
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LUIS R LOPEZ
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02781607
IRS990/PYOtherExpensesAmt03165218
IRS990/PYOtherRevenueAmt0314622
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1263028
IRS990/PYSalariesCompEmpBnftPaidAmt01194039
IRS990/PYTotalExpensesAmt04359257
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03096229
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0892172
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0588931
IRS990/ReconcilationRevenueExpnssAmt0-816422
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01650000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01900000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03403748
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01788093
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05191841
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0268879
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02424923
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02693802
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04676093
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0280121
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0280121
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0272339
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0486180
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0758519
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0286912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16535875
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023972
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt023972
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt090767770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112482122
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CERTIFICATED OF DEPOSITS
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03859671
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04225087
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06822787
IRS990ScheduleD/TotalExpensesPerForm990Amt04676093
IRS990ScheduleD/TotalLiabilityAmt0103249892
IRS990ScheduleD/TotalRevenuePerForm990Amt03859671
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03859671
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04676093
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0418098
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12703
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt263644
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3104486
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CONSUMER LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2CONSUMER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0558789
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt120000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2148300
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3126001
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LUIS R LOPEZ ROMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1LUIS A RIVERA NEGRON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2WANDA E REYES LARA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3CARMEN B SERRANO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1VP CREDIT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2CONTROLLER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3VP OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/TotalBalanceDueAmt0588931
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS CALLED "SOCIOS". EACH MEMBER CONTRIBUTES AT LEAST 120 DOLLARS IN SHARES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR THE ORGANIZATION PERFORMS ITS ANNUAL STOCKHOLDERS MEETING, WHERE MEMBERS OF THE GOVERNING BOARD ARE ELECTED FOR THREE YEAR PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONLY THOSE AFFECTING GENERAL RULES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS TO SEND EVERY THREE MONTHS A REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS TO THE REGULATOR IN THIS CASE COSSEC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS TO SEND EVERY THREE MONTHS A REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS TO THE REGULATOR IN THIS CASE COSSEC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS PERFORMS ANNUAL EVALUATION OVER CEO PERFORMANCE ALSO THE CEO HAS AN EMPLOYMENT FORMAL CONTRACT OR AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH YEAR THE ORGANIZATION PERFORMS ITS ANNUAL STOCKHOLDERS MEETING WHERE MEMBERS OF THE GOVERNING BOARD ARE ELECTED FOR A THREE YEAR PERIOD. ALSO AUDITED FINANCIAL STATEMENTS ARE DISCUSSED BY THE BOARD OF DIRECTORS WITH MEMBERS. FINANCIAL STATEMENTS ARE AVAILABLE FOR EACH MEMBER AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EDUCATION $19,336; MEETING $21,521; BANK CHARGES $56,265; DELIVERY EXPENSES $3,740; CLUB DUES $5,710; OTHER EXPENSES $28,338; DONATIONS $12,951; MAINTENANCE OF ATM $36,352; CREDIT REPORTS $22,889; MAINTENANCE OF MASTER $ 67,636; MANAGEMENT OF CURRENT ACCOUNTS $2,648; LIGA DE COOPERATIVAS $4,000 ADJUSTMENT VALUATION REPOSSESSED PROPERTIES $5,510; LOSS IN ESPECIAL AMORTIZATION $696,939.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INCREASES IN SHARE $236,041;INCREASES IN SOCIAL CAPITAL RESERVE $54,886.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0104708981
IRS990/TotalAssetsEOYAmt0116942242
IRS990/TotalAssetsGrp/BOYAmt0104708981
IRS990/TotalAssetsGrp/EOYAmt0116942242
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04676093
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04676093
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092672966
IRS990/TotalLiabilitiesEOYAmt0105431722

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