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Cooperativa De Ahorro Y Credito De Manati Inc

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$21.2M (2023)

Expenses
$15.2M (2023)

Total Assets
$295M (2023)

Total Liabilities
$243M (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,196,699
Expenses
$15,222,216
Net Income
$5,974,483
Net Assets
$52,370,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,000,000
14.2%
Program Services $13,317,182
62.8%
Investment Income $1,514,221
7.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,365,296
15.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $877,285
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,361,072
15.5%
Assets/Debt
Total Assets $295,329,329
Total Liabilities $242,958,667
Net Assets $52,370,662
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera Lopez (Executive President) $160,200 $0 $0
Sorry Adrovet (Vice President President Commercial And Mortgage) $70,963 $0 $0
Anderson Martinez Colon (Vice President Of Finance) $68,784 $0 $0
Josean Pagan Kuilan (Vice President Of Operations) $58,920 $0 $0
Noraida Rodriguez Concepcion (Office Compliance) $47,278 $0 $0
Iris Romero (Department Manager Systems) $46,542 $0 $0
Milagros Romero (Vice President Administration) $46,041 $0 $0
Maria Melendez Zayas (Loan Manager) $44,211 $0 $0
Brigmarian Sanchez (Human Resources Officer) $42,587 $0 $0
Diana Negron Jimenez (Internal Auditor) $42,090 $0 $0
Vanessa Romero (Success Manager Manati Plaza) $40,601 $0 $0
Sherly Munoz (Suc Manager Vega Baja) $39,345 $0 $0
Yolanda Otero (Success Manager Barceloneta) $37,283 $0 $0
Luis Robles (Department Manager Collections) $35,663 $0 $0
Emily Carnevale (Success Manager Cales Center) $35,639 $0 $0
Zallia Cardona (Executive Secretary) $31,310 $0 $0
Sager Rodriguez (Success Manager Express Cales) $29,828 $0 $0
Ricardo Alvarez Clas (Board Of Directors) $0 $0 $0
Joel Rolon Alindato (Board Of Directors) $0 $0 $0
Carlos Colon Ramos (Board Of Directors) $0 $0 $0
Anibal Delgado (Board Of Directors) $0 $0 $0
Doris Class (Board Of Directors) $0 $0 $0
Hector Aulet Mejias (Board Of Directors) $0 $0 $0
Heriberto Martinez Gonzalez (Board Of Directors) $0 $0 $0
Carmen Soto Caban (Board Of Directors) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,946,475
Expenses
$9,981,215
Net Income
$2,965,260
Net Assets
$35,518,952
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,000
1.0%
Program Services $9,329,756
72.1%
Investment Income $1,557,544
12.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $212,765
1.6%
Net Inventory Sales $0
Other Revenue $1,721,410
13.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $295,005
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,160,007
21.6%
Assets/Debt
Total Assets $217,103,471
Total Liabilities $181,584,519
Net Assets $35,518,952
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $175,427 $0 $27,000
Anderson Martinez (Controller) $66,846 $0 $0
Anibal Delgado (Board Secret) $4,250 $0 $0
Doris Class Nieves (Board Of Dir) $3,950 $0 $0
Angel Nogueras (Board Of Dir) $2,800 $0 $0
Carmen Soto (Board Of Dir) $2,692 $0 $0
Heriberto Martinez Gonzalez (Board Of Dir) $2,550 $0 $0
Maria Freytes Colon (Board Of Dir) $2,500 $0 $0
Ricardo Alvarez (Board Treasu) $2,200 $0 $0
Carlos Colon (Board Of Dir) $1,990 $0 $0
Hector Aulet Mejias (Board Of Dir) $1,850 $0 $0
Joel Rolon Alindato (Board Of Dir) $950 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,596,977
Expenses
$9,452,173
Net Income
$2,144,804
Net Assets
$42,047,988
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,984,529
77.5%
Investment Income $916,681
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $10,450
0.1%
Net Fundraising $0
Sales of Assets $101,395
0.9%
Net Inventory Sales $0
Other Revenue $1,583,922
13.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $206,225
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $229,473,590
Total Liabilities $187,425,602
Net Assets $42,047,988
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $138,504 $0 $0
Anderson Martinez (Controller) $61,811 $0 $0
Carlos Colon (Board Of Dir) $910 $0 $0
Ricardo Alvarez (Board Treasu) $650 $0 $0
Maria Freytes Colon (Board Of Dir) $650 $0 $0
Anibal Delgado (Board Secret) $650 $0 $0
Hector Aulet Mejias (Board Of Dir) $650 $0 $0
Felipe Nieves (Board Of Dir) $650 $0 $0
Heriberto Martinez Gonzalez (Board Of Dir) $600 $0 $0
Carmen Soto (Board Of Dir) $600 $0 $0
Doris Class Nieves (Board Of Dir) $550 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,609,524
Expenses
$9,964,630
Net Income
$1,644,894
Net Assets
$39,803,769
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,192,605
79.2%
Investment Income $804,555
6.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $37,323
0.3%
Net Fundraising $0
Sales of Assets $417,344
3.6%
Net Inventory Sales $0
Other Revenue $1,157,697
10.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $206,225
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $217,103,265
Total Liabilities $177,299,496
Net Assets $39,803,769
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $138,504 $0 $0
Anderson Martinez (Controller) $61,811 $0 $0
Carlos Colon (Board Of Dir) $910 $0 $0
Ricardo Alvarez (Board Treasu) $650 $0 $0
Maria Freytes Colon (Board Of Dir) $650 $0 $0
Anibal Delgado (Board Secret) $650 $0 $0
Hector Aulet Mejias (Board Of Dir) $650 $0 $0
Felipe Nieves (Board Of Dir) $650 $0 $0
Heriberto Martinez Gonzalez (Board Of Dir) $600 $0 $0
Carmen Soto (Board Of Dir) $600 $0 $0
Doris Class Nieves (Board Of Dir) $550 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,459,002
Expenses
$9,548,630
Net Income
$1,910,372
Net Assets
$36,640,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,773,248
76.6%
Investment Income $1,145,113
10.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $80,438
0.7%
Net Fundraising $0
Sales of Assets $201,926
1.8%
Net Inventory Sales $0
Other Revenue $1,258,277
11.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $206,085
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $181,339,510
Total Liabilities $144,699,048
Net Assets $36,640,462
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $141,270 $0 $0
Anderson Martinez (Controller) $57,815 $0 $0
Ricardo Alvarez (Board Treasu) $920 $0 $0
Maria Freytes Colon (Board Of Dir) $870 $0 $0
Carlos Colon (Board Of Dir) $850 $0 $0
Hector Aulet (Board Of Dir) $820 $0 $0
Felipe Nieves (Board Of Dir) $820 $0 $0
Heriberto Martinez Gonzalez (Board Of Dir) $820 $0 $0
Carmen Soto (Board Of Dir) $820 $0 $0
Anibal Delgado (Board Secret) $600 $0 $0
Doris Class Nieves (Board Of Dir) $480 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,422,762
Expenses
$9,077,900
Net Income
$1,344,862
Net Assets
$32,608,444
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,122,741
77.9%
Investment Income $984,803
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $99,330
1.0%
Net Fundraising $0
Sales of Assets $40,184
0.4%
Net Inventory Sales $0
Other Revenue $1,175,704
11.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $184,149
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,759,978
19.4%
Assets/Debt
Total Assets $179,529,106
Total Liabilities $146,920,662
Net Assets $32,608,444
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $130,724 $0 $0
Anderson Martinez (Controller) $53,425 $0 $0
Gloria Cruz De Jesus (Board Presid) $0 $0 $0
Carlos Colon (Board Of Dir) $0 $0 $0
Hector Aulet (Board Of Dir) $0 $0 $0
Manuel Torres (Board Secret) $0 $0 $0
Ricardo Alvarez (Board Treasu) $0 $0 $0
Doris Class Nieves (Board Direct) $0 $0 $0
Felipe Nieves (Board Direct) $0 $0 $0
Pedro Martinez (Board Direct) $0 $0 $0
Victor Larregui (Board Direct) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,845,886
Expenses
$8,396,460
Net Income
$1,449,426
Net Assets
$30,050,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,427,598
85.6%
Investment Income $416,872
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $99,597
1.0%
Net Fundraising $0
Sales of Assets $37,980
0.4%
Net Inventory Sales $0
Other Revenue $863,839
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $322,752
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,646,406
19.6%
Assets/Debt
Total Assets $175,107,053
Total Liabilities $145,056,134
Net Assets $30,050,919
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $147,815 $0 $0
Anderson Martinez (Controller) $56,541 $0 $0
Gloria Cruz De Jesus (Board Presid) $0 $0 $0
Carlos Colon (Board Of Dir) $0 $0 $0
Hector Aulet (Board Of Dir) $0 $0 $0
Manuel Torres (Board Secret) $0 $0 $0
Ricardo Alvarez (Board Treasu) $0 $0 $0
Doris Class Nieves (Board Direct) $0 $0 $0
Felipe Nieves (Board Direct) $0 $0 $0
Pedro Martinez (Board Direct) $0 $0 $0
Victor Larregui (Board Direct) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,711,797
Expenses
$8,264,100
Net Income
$1,447,697
Net Assets
$27,617,667
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,429,845
86.8%
Investment Income $267,446
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $96,454
1.0%
Net Fundraising $0
Sales of Assets $167,819
1.7%
Net Inventory Sales $0
Other Revenue $750,233
7.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $193,221
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,768,708
21.4%
Assets/Debt
Total Assets $164,852,685
Total Liabilities $137,235,018
Net Assets $27,617,667
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $140,625 $0 $0
Anderson Martinez (Controller) $52,596 $0 $0
Gloria Cruz De Jesus (Board Presid) $0 $0 $0
Carlos Colon (Board Of Dir) $0 $0 $0
Hector Aulet (Board Of Dir) $0 $0 $0
Manuel Torres (Board Secret) $0 $0 $0
Ricardo Alvarez (Board Treasu) $0 $0 $0
Doris Class Nieves (Board Direct) $0 $0 $0
Felipe Nieves (Board Direct) $0 $0 $0
Pedro Martinez (Board Direct) $0 $0 $0
Victor Larregui (Board Direct) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,624,164
Expenses
$8,404,604
Net Income
$1,219,560
Net Assets
$25,858,341
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,499,032
88.3%
Investment Income $306,791
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,925
0.1%
Net Fundraising $0
Sales of Assets $32,358
0.3%
Net Inventory Sales $0
Other Revenue $776,058
8.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $173,198
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,703,992
20.3%
Assets/Debt
Total Assets $153,679,927
Total Liabilities $127,821,586
Net Assets $25,858,341
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $122,501 $0 $0
Anderson Martinez (Controller) $50,697 $0 $0
Gloria Cruz De Jesus (Board Presid) $0 $0 $0
Carlos Colon (Board Of Dir) $0 $0 $0
Hector Aulet (Board Of Dir) $0 $0 $0
Manuel Torres (Board Secret) $0 $0 $0
Ricardo Alvarez (Board Treasu) $0 $0 $0
Doris Class Nieves (Board Direct) $0 $0 $0
Felipe Nieves (Board Direct) $0 $0 $0
Pedro Martinez (Board Direct) $0 $0 $0
Victor Larregui (Board Direct) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,150,269
Expenses
$8,139,149
Net Income
$1,011,120
Net Assets
$22,269,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,165,364
89.2%
Investment Income $331,226
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,250
0.0%
Net Fundraising $0
Sales of Assets $14,165
0.2%
Net Inventory Sales $0
Other Revenue $636,264
7.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $154,605
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,691,240
20.8%
Assets/Debt
Total Assets $143,555,318
Total Liabilities $121,286,157
Net Assets $22,269,161
Compensation
Key Employees and Officers Compensation Related Other
Candido Rivera (Executive Pr) $109,149 $0 $0
Anderson Martinez (Controller) $45,456 $0 $0
Gloria Cruz De Jesus (Board Presid) $0 $0 $0
Carlos Colon (Board Of Dir) $0 $0 $0
Hector Aulet (Board Of Dir) $0 $0 $0
Manuel Torres (Board Secret) $0 $0 $0
Ricardo Alvarez (Board Treasu) $0 $0 $0
Doris Class Nieves (Board Direct) $0 $0 $0
Felipe Nieves (Board Direct) $0 $0 $0
Pedro Martinez (Board Direct) $0 $0 $0
Victor Larregui (Board Direct) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,913,770
Expenses
$8,479,271
Net Income
$434,499
Net Assets
$20,787,079
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,087,768
90.7%
Investment Income $187,543
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,400
0.1%
Net Fundraising $0
Sales of Assets $61,573
0.7%
Net Inventory Sales $0
Other Revenue $571,486
6.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $778,232
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $827,414
9.8%
Assets/Debt
Total Assets $128,519,285
Total Liabilities $107,732,206
Net Assets $20,787,079

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,603,627
Expenses
$8,564,952
Net Income
$38,675
Net Assets
$20,166,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,678,164
89.2%
Investment Income $311,628
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,305
0.1%
Net Fundraising $0
Sales of Assets $41,532
0.5%
Net Inventory Sales $0
Other Revenue $565,998
6.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $651,546
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $939,031
11.0%
Assets/Debt
Total Assets $126,565,486
Total Liabilities $106,399,274
Net Assets $20,166,212

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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