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Cooperativa De Credito Cabo Rojo

  • Cabo Rojo, PR
  • Tax-exempt since Oct. 2005
  • EIN: 66-0270259

Organization summary

Type of Nonprofit

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

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$22.9M (2023)

Expenses
$17.3M (2023)

Total Assets
$326M (2023)

Total Liabilities
$242M (2023)

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
$22,910,793
Expenses
$17,311,095
Net Income
$5,599,698
Net Assets
$84,269,850
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $16,432,647
71.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,478,146
28.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $606,853
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,834,724
22.2%
Assets/Debt
Total Assets $325,992,664
Total Liabilities $241,722,814
Net Assets $84,269,850
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kerwin Morales Rivera (Executive President) $200,848 $0 $0
Jorge I Ferrer Lopez (Vp Of Finance) $95,625 $0 $0
Mayra Figueroa Lopez (Software System Manager) $89,152 $0 $0
Mariangely Cruz Aquino (Human Resources Director) $83,758 $0 $0
Victor Mendez Zapata (Internal Auditor) $82,633 $0 $0
Luisette Ayala Santana (Vp Of Credit) $54,837 $0 $0
+ View more people

Document Links

990
Filed on Aug. 23, 2024

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

View Filing
XML
Audit

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

PDF

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,456,223
Expenses
$13,566,606
Net Income
$3,889,617
Net Assets
$77,289,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13,754,610
78.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,701,613
21.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $530,849
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,575,265
19.0%
Assets/Debt
Total Assets $311,426,730
Total Liabilities $234,137,458
Net Assets $77,289,272
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kerwin Morales Rivera (Executive President) $171,950 $0 $0
Jorge I Ferrer Lopez (Vp Of Finance) $85,029 $0 $0
Mayra Figueroa Lopez (Software System Manager) $76,618 $0 $0
Victor Mendez Zapata (Internal Auditor) $71,651 $0 $0
Mariangely Cruz Aquino (Human Resources Director) $65,331 $0 $0
Luisette Ayala Santana (Vp Of Credit) $60,270 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,105,590
Expenses
$10,821,405
Net Income
$2,284,185
Net Assets
$71,694,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,701,669
81.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,403,921
18.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $738,327
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,650,000
15.2%
Assets/Debt
Total Assets $305,759,931
Total Liabilities $234,065,150
Net Assets $71,694,781
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kerwin Morales Rivera (Executive President) $111,872 $0 $0
Jorge I Ferrer Lopez (Vp Finance) $74,820 $0 $0
Mayra Figueroa Lopez (Software System Manager) $69,196 $0 $0
Nancy Ferrer Padilla (Manager) $66,833 $0 $0
Victor Mendez Zapata (Internal Auditor) $65,243 $0 $0
Avelisse A Torres Negron (Security Manager) $58,372 $0 $0
Luisette Ayala Santana (Vp Operations) $52,604 $0 $0
Angel D Rivera Hernandez (Manager) $52,118 $0 $0
Joselyn Rivera Segarra (Project Manager) $51,649 $0 $0
Ayment M Medina Vargas (Credit Manager) $48,953 $0 $0
Jannette Matos Luciano (Teller Supervisor) $44,608 $0 $0
Elimar Rodriguez Gandia (Receivable Manager) $42,059 $0 $0
Evelyn Alicea Gonzalez (President Of Board Of Directors) $0 $0 $0
Roque A Ramirez Palermo (Vp Of Board Of Directors) $0 $0 $0
Koby Bonilla Maya (Secretary Of Board Of Directors) $0 $0 $0
Ivette Franqui Santana (Treasurer Of Board Of Directors) $0 $0 $0
Annette Velez Torres (Director) $0 $0 $0
Rene Ocasio Alequin (Director) $0 $0 $0
Guillermina Quinones Camacho (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 12, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,914,002
Expenses
$9,517,369
Net Income
$1,396,633
Net Assets
$59,589,426
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,000
1.1%
Program Services $0
Investment Income $9,240,571
84.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,548,431
14.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $588,925
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,485,019
15.6%
Assets/Debt
Total Assets $224,012,974
Total Liabilities $164,423,548
Net Assets $59,589,426
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kerwin A Morales (Ceo) $139,210 $0 $0
Jorge I Ferrer (Vp Finance) $68,949 $0 $0
Nancy Ferrer (Manager) $65,132 $0 $0
Mayra Figueroa (System Manger) $63,066 $0 $0
Angel D Rivera (Manager) $58,971 $0 $0
Mariangely Cruz (Human Resources) $51,288 $0 $0
Victor Mendez (Internal Auditor) $50,128 $0 $0
Luisette Ayala (Vp Operations) $48,635 $0 $0
Virgiemarie Padilla (Manager) $43,546 $0 $0
Evelyn Aliciea Gonzalez (President Of Bod) $0 $0 $0
Roque Ramirez Palermo (Vp Of Bod) $0 $0 $0
Ermes Morales Matos (Secretary Of Bod) $0 $0 $0
Koby Bonilla Maya (Treasurer Of Bod) $0 $0 $0
Ivette Franqui Santana (Director Of Bod) $0 $0 $0
Guillermina Quinones Camacho (Director Of Bod) $0 $0 $0
Rene Ocasio Alequin (Director Of Bod) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,962,812
Expenses
$9,151,642
Net Income
$1,811,170
Net Assets
$56,536,054
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,551,660
87.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,411,152
12.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $512,386
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,507,019
16.5%
Assets/Debt
Total Assets $192,002,963
Total Liabilities $135,466,909
Net Assets $56,536,054

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,151,129
Expenses
$8,629,179
Net Income
$521,950
Net Assets
$53,994,522
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,250,478
90.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $900,651
9.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $827,471
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $181,520,963
Total Liabilities $127,526,441
Net Assets $53,994,522

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,921,630
Expenses
$7,707,402
Net Income
$214,228
Net Assets
$48,656,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,958,779
87.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $962,851
12.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $386,592
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,301,330
16.9%
Assets/Debt
Total Assets $151,960,936
Total Liabilities $103,304,145
Net Assets $48,656,791

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,614,965
Expenses
$8,120,246
Net Income
$494,719
Net Assets
$50,683,723
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,674,348
89.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $940,617
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $414,757
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,413,383
17.4%
Assets/Debt
Total Assets $150,560,006
Total Liabilities $99,876,283
Net Assets $50,683,723

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,060,297
Expenses
$7,877,173
Net Income
$1,183,124
Net Assets
$51,382,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,077,103
89.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $983,194
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $504,962
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,320,122
16.8%
Assets/Debt
Total Assets $154,733,166
Total Liabilities $103,350,598
Net Assets $51,382,568
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kerwin A Morales (President) $102,958 $0 $0
Carlos L Segarra (Vp Operations) $83,375 $0 $0
Jorge I Ferrer (Vp Finance) $56,625 $0 $0
Marta M Morales (Vp Credit) $54,998 $0 $0
Carlos Camacho (Executive Official Of Credit And Collections) $54,699 $0 $0
Nancy Ferrer (Manager) $53,750 $0 $0
Mayra Figueroa (Manager) $51,678 $0 $0
Avelisse A Torres (Manager) $46,879 $0 $0
+ View more people

Document Links

990
Filed on May 19, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,997,205
Expenses
$7,486,297
Net Income
$1,510,908
Net Assets
$43,738,344
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,355,549
92.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $641,656
7.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $372,152
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,368,880
18.3%
Assets/Debt
Total Assets $145,424,191
Total Liabilities $101,685,847
Net Assets $43,738,344
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kerwin A Morales (President) $99,064 $0 $0
Carlos L Segarra (Vp Operations) $76,517 $0 $0
Jorge I Ferrer (Vp Finance) $53,033 $0 $0
Marta M Morales (Vp Credit) $50,054 $0 $0
Nancy Ferrer (Manager) $49,343 $0 $0
Avelisse A Torres (Manager) $44,141 $0 $0
+ View more people

Document Links

990
Filed on July 8, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,686,750
Expenses
$6,956,184
Net Income
$1,730,566
Net Assets
$39,574,344
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,741,594
89.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $945,156
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $351,180
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,207,684
17.4%
Assets/Debt
Total Assets $137,750,200
Total Liabilities $98,175,856
Net Assets $39,574,344
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kerwin A Morales (President) $90,278 $0 $0
Carlos L Segarra (Vp Operations) $72,917 $0 $0
Marta M Morales (Vp Credit) $49,553 $0 $0
Jorge I Ferrer (Vp Finance) $49,192 $0 $0
Nancy Ferrer (Manager) $48,802 $0 $0
Avelisse A Torres (Manager) $40,438 $0 $0
+ View more people

Document Links

990
Filed on June 18, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,129,768
Expenses
$6,894,402
Net Income
$1,235,366
Net Assets
$40,807,822
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,313,012
90.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $816,756
10.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $336,454
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,087,817
15.8%
Assets/Debt
Total Assets $140,568,383
Total Liabilities $99,760,561
Net Assets $40,807,822

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,808,044
Expenses
$7,149,063
Net Income
$658,981
Net Assets
$39,019,532
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,431,408
69.6%
Investment Income $1,762,327
22.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $614,309
7.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,341,203
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $137,293,164
Total Liabilities $98,273,632
Net Assets $39,019,532

Document Links

990

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

PDF

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

990

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

PDF
PDF (2 of 2)

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

Fiscal Year Ending Dec.
2006

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

990

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

PDF

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

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 »

Byline

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