Cooperativa De Ahorro Y Credito Dr M Zeno Gandia

Arecibo, PR
Tax-exempt since July 1985
EIN: 66-0227873

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Revenue

$16.1M (2023)

Expenses

$10.3M (2023)

Total Assets

$275M (2023)

Total Liabilities

$210M (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

Revenue

$16,104,186

Expenses

$10,299,360

Net Income

$5,804,826

Net Assets

$64,898,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$11,160,286	69.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,943,900	30.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$221,670	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,099,025	20.4%

Assets/Debt
Total Assets	$275,358,165
Total Liabilities	$210,459,893
Net Assets	$64,898,272

Compensation

Key Employees and Officers	Compensation	Related	Other
Sahily N Rivas Oliveras (Executive President)	$103,109	$0	$0
Juan L Rodriguez Soto (Supervisor Of Finance)	$63,206	$0	$0
Xiomara Rosado Rivera (Manager)	$55,355	$0	$0

990

Filed on July 22, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2022

Revenue

$11,452,610

Expenses

$8,905,119

Net Income

$2,547,491

Net Assets

$60,598,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$9,168,537	80.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,284,073	19.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$315,783	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,767,970	19.9%

Assets/Debt
Total Assets	$274,854,644
Total Liabilities	$214,255,711
Net Assets	$60,598,933

Compensation

Key Employees and Officers	Compensation	Related	Other
Ismael Velazquez Perez (President Executive)	$106,602	$0	$0
Sahily N Rivas Oliveras (Vp Of Administration And Legal)	$103,379	$0	$0
Juan L Rodriguez Soto (Supervisor Of Finance)	$55,311	$0	$0
Xiomara Rosado Rivera (Manager)	$50,491	$0	$0

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990

Filed on July 7, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$11,746,637

Expenses

$9,353,852

Net Income

$2,392,785

Net Assets

$56,946,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$7,439,208	63.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$193,475	1.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,113,954	35.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$312,145	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,612,333	17.2%

Assets/Debt
Total Assets	$269,257,849
Total Liabilities	$212,311,237
Net Assets	$56,946,612

Compensation

Key Employees and Officers	Compensation	Related	Other
Ismael Velazquez Perez (President Executive)	$104,716	$0	$0
Sahily N Rivas Oliveras (Vp Of Administration And Legal)	$98,649	$0	$0
Juan L Rodriguez Soto (Supervisor Of Finance)	$55,570	$0	$0
Xiomara Rosado Rivera (Manager)	$53,210	$0	$0

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990

Filed on July 5, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2020

Revenue

$10,322,702

Expenses

$9,580,820

Net Income

$741,882

Net Assets

$51,557,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$8,047,219	78.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$42,758	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,232,725	21.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$369,188	3.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,660,019	17.3%

Assets/Debt
Total Assets	$240,085,334
Total Liabilities	$188,528,226
Net Assets	$51,557,108

Compensation

Key Employees and Officers	Compensation	Related	Other
Erixson Gomez Cruz (President Executive)	$137,010	$0	$0
Ismael Velazquez Perez (Vicepresident Executive)	$76,003	$0	$0
Sahily N Rivas Oliveras (Vp Of Administration And Legal)	$70,000	$0	$0
Xiomara Rosado Rivera (Manager)	$48,610	$0	$0
Juan L Rodriguez Soto (Supervisor Of Finance)	$37,565	$0	$0

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990

Filed on July 27, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$9,294,919

Expenses

$7,728,240

Net Income

$1,566,679

Net Assets

$48,993,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,362,254	68.4%
Investment Income	$2,193,042	23.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$79,666	0.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$659,957	7.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$214,365	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,699,835	22.0%

Assets/Debt
Total Assets	$205,915,825
Total Liabilities	$156,922,640
Net Assets	$48,993,185

Compensation

Key Employees and Officers	Compensation	Related	Other
Erixson Gomez (Executive President)	$139,426	$0	$0
Ismael Velazquez (Vp Administration)	$74,939	$0	$0
Olivia Batista (Treasurer Board Of Directors)	$0	$0	$4,000
Tomas Mendez (Vice President Board Of Director)	$0	$0	$4,000
Zaida Canales (Secretary Board Of Director)	$0	$0	$3,000
Lucy Gonzalez (Sub Secretary Bord Of Directors)	$0	$0	$1,900
Dalma Aponte (President Board Of Director)	$0	$0	$1,800
Luis Flores (Director)	$0	$0	$1,700
Leticia Lopez (Director)	$0	$0	$1,700
Carmen Betancourt (Director)	$0	$0	$1,200
Esteben Serrano (Director)	$0	$0	$1,000
Preeet Khalsa (Director)	$0	$0	$800
Angie Polowys (Director)	$0	$0	$800

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990

Filed on Nov. 29, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$8,371,762

Expenses

$7,360,068

Net Income

$1,011,694

Net Assets

$46,402,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,954,089	71.1%
Investment Income	$1,749,720	20.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$84,008	1.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$583,945	7.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$214,365	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,662,252	22.6%

Assets/Debt
Total Assets	$197,965,470
Total Liabilities	$151,562,840
Net Assets	$46,402,630

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$7,091,033

Expenses

$6,589,044

Net Income

$501,989

Net Assets

$44,232,566

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,866,361	68.6%
Investment Income	$1,596,118	22.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$84,321	1.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$544,233	7.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$206,112	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,671,320	25.4%

Assets/Debt
Total Assets	$191,321,407
Total Liabilities	$147,088,841
Net Assets	$44,232,566

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Revenue

$7,592,966

Expenses

$6,997,358

Net Income

$595,608

Net Assets

$43,974,439

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,772,102	62.8%
Investment Income	$1,677,944	22.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$84,641	1.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,058,279	13.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$218,050	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,836,503	26.2%

Assets/Debt
Total Assets	$189,486,157
Total Liabilities	$145,511,718
Net Assets	$43,974,439

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$8,596,291

Expenses

$7,351,404

Net Income

$1,244,887

Net Assets

$43,462,697

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,688,145	54.5%
Investment Income	$2,629,851	30.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$89,136	1.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,189,159	13.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$313,100	4.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,872,914	25.5%

Assets/Debt
Total Assets	$197,570,780
Total Liabilities	$154,108,083
Net Assets	$43,462,697

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$8,908,608

Expenses

$8,171,766

Net Income

$736,842

Net Assets

$41,682,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,670,446	52.4%
Investment Income	$3,074,763	34.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$90,348	1.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,073,051	12.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$307,562	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,769,857	21.7%

Assets/Debt
Total Assets	$202,860,806
Total Liabilities	$161,178,011
Net Assets	$41,682,795

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$9,238,428

Expenses

$8,606,830

Net Income

$631,598

Net Assets

$39,799,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,956,679	53.7%
Investment Income	$3,087,399	33.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$61,054	0.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,133,296	12.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$287,936	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,757,872	20.4%

Assets/Debt
Total Assets	$190,485,323
Total Liabilities	$150,685,578
Net Assets	$39,799,745

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$9,815,718

Expenses

$9,284,362

Net Income

$531,356

Net Assets

$39,329,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,472,331	55.8%
Investment Income	$3,205,371	32.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$43,464	0.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,094,522	11.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$343,992	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,662,667	17.9%

Assets/Debt
Total Assets	$190,513,619
Total Liabilities	$151,184,412
Net Assets	$39,329,207

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2009

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Cooperativa De Ahorro Y Credito Dr M Zeno Gandia

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $16.1M (2023)

Expenses $10.3M (2023)

Total Assets $275M (2023)

Total Liabilities $210M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2009

Revenue

$16.1M (2023)

Expenses

$10.3M (2023)

Total Assets

$275M (2023)

Total Liabilities

$210M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007