2023-06-06T09:27:48-07:00 2022-12-31 660824029 Javier F Ortiz Diaz CPA CSP PO Box 312 Aibonito PR 00705 990 2022-01-01 660231533 COOPERATIVA DE AHORRO Y CREDITO SAN JOSE COOP 7877357474 CALLE DEGETAU ESQUINA VIZCARRONDO AIBONITO PR 00705 FERNANDO L FIGUEROA RIVERA FINANCIAL OFFICER 7877357474 2023-05-25 1 1 Javier Ortiz P01425221 7877355971 2023-05-25 1 11 0 AAL2 2022 2023-04-26 12:10:37Z FERNANDO L FIGUEROA RIVERA CALLE DEGETAU ESQUINA VIZCARRONDO AIBONITO PR 00705 15562374 0 X https://coopsanjose.com/ X COOPERATIVE 1957 PR NON-PROFIT ORGANIZATION CREATED UNDER THE COMMONWEALTH OF PUERTO RICO. IT'S FINANCIAL INSTITUTION THAT RECEIVES SAVING FUND AS DEPOSIT AND SHARE. ALSO PROVIDE FINANCING SOURCES OF LOAN TO MEMBER AS PERSONAL, MORTGAGE, AUTOMOBILE AND OTHER. 9 9 72 0 0 0 0 0 9864049 10216193 214575 1125251 3887892 4220930 13966516 15562374 0 0 0 0 3262040 3474755 0 0 0 7984980 7996065 11247020 11470820 2719496 4091554 253903787 271976055 182637178 195909025 71266609 76067030 IT'S A COOPERATIVE LOAN AND SAVINGS ASSOCIATION. 0 0 7705051 0 15562374 THE ORGANIZATION ACCOMPLISHES ITS PURPOSES BY MAKING AVAILABLE SAVINGS AND CREDIT AFFORDABLE TO ITS MEMBERS. 0 0 0 7705051 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 72 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 PR X FERNANDO L FIGUEROA RIVERA 7877357474 CALLE DEGETAU ESQUINA VIZCARRONDO AIBONITO PR 00705 RICKY BERRIOS FIGUEROA CEO 40 0 X 176956 0 0 YAHAIRA SANTIAGO ANDALUZ EXECUTIVE VICE-PRESIDENT 40 0 X 92909 0 0 LUZ E ORTIZ ROSARIO COMPLIANCE OFFICER 40 0 X 61383 0 0 FERNANDO L FIGUEROA RIVERA FINANCIAL OFFICER 40 0 X 60559 0 0 JASON CALDERA TORRES MANAGER 40 0 X 55793 0 0 CARLOS H RODRIGUEZ NIEVES MANAGER 40 0 X 55793 0 0 EDANISE SANTIAGO ORTIZ MANAGER 40 0 X 55793 0 0 CARMEN ROSARIO GONZALEZ MORTGAGE DEPARTMENT SUPERVISOR 40 0 X 52246 0 0 IVETTE M CARTAGENA RIVERA HUMAN RESOURCES OFFICER 40 0 X 51237 0 0 HECTOR DE JESUS NUNEZ SYSTEM OFFICER 40 0 X 50445 0 0 ABIMAEL GONZALEZ ROLON SYSTEM OFFICER 40 0 X 49051 0 0 GLENDA I RIVERA ORTIZ OPERATIONS OFFICER 40 0 X 46542 0 0 MARIA V CORREA RIVERA BILLING SUPERVISOR 40 0 X 43246 0 0 SARID BERMUDEZ VAZQUEZ OPERATIONS OFFICER 40 0 X 41944 0 0 JOHANNA SEGARRA ORTIZ OPERATIONS OFFICER 40 0 X 41935 0 0 LAURIMAR BERRIOS ROSARIO OPERATIONS OFFICER 40 0 X 41917 0 0 LINO ALBERTO ORTIZ TAPIA REGISTER SUPERVISOR 40 0 X 41294 0 0 ANA ELSA ALICEA COLLAZO REGISTER SUPERVISOR 40 0 X 37810 0 0 FELIX X MORALES COLON SYSTEMS OFFICER 40 0 X 24079 0 0 EVELYN QUILES ROSARIO VICE PRESIDENT BOARD OF DIRECTOR 4 0 X 0 0 4162 JORGE L SANTOS ORTIZ PRESIDENT BOARD OF DIRECTOR 4 0 X 0 0 2734 RAFAEL SANTOS BALIBREA TREASURER BOARD OF DIRECTOR 4 0 X 0 0 2484 EDGARDO RODRIGUEZ MORALES SUB SECRETARY BOARD OF DIRECTORS 4 0 X 0 0 2190 ANGEL A RAMOS APONTE SUB TREASURER BOARD OF DIRECTOR 4 0 X 0 0 2035 REINALDO VIDAL LOPEZ VICE PRESIDENT BOARD OF DIRECTOR 4 0 X 0 0 1224 ESTHER COLON ROCHE SECRETARY BOARD OF DIRECTOR 4 0 X 0 0 700 ZORAIDA SANTOS REYES DIRECTOR BOARD OF DIRECTOR 4 0 X 0 0 510 CARLOS G VAZQUEZ CARTAGENA DIRECTOR BOARD OF DIRECTOR 4 0 X 0 0 150 1080932 0 16189 1 0 1 0 HELVETIA DEL CARIBE INC PO BOX 4849 CAROLINA PR 009844849 BANKING CORE 802627 MAR INVERSIONES PO BOX 191627 SAN JUAN PR 00919 ADVERTISING 243035 2 0 PROGRAM SERVICE REVENUE 522130 10216193 10216193 0 0 0 0 0 0 10216193 1125251 1125251 0 0 0 0 0 0 0 0 0 0 120721 0 0 0 120721 0 120721 120721 0 0 0 0 COMMISION 522130 490940 490940 0 0 ATH FEES REVENUE 522130 624907 624907 0 0 CFSI GRANTS 522130 975470 975470 0 0 2008892 2008892 0 0 4100209 15562374 15562374 0 0 X 0 0 0 0 0 0 0 0 1097121 702158 394963 0 0 0 0 0 1691850 1082784 609066 0 109082 69812 39270 0 312163 199784 112379 0 264539 169305 95234 0 318144 203612 114532 0 688971 440941 248030 0 59774 0 59774 0 0 85013 54408 30605 0 1116614 1116614 0 0 575103 368066 207037 0 845093 540860 304233 0 4307353 2756707 1550646 0 11470820 7705051 3765769 0 5349451 3245809 79454863 10743942 153322941 170373826 507122 932831 13918710 6493698 7785131 7425012 1284238 73061929 5565710 5436412 634331 756294 253903787 271976055 5672722 5146431 176964456 190762594 182637178 195909025 X 49807247 52180984 0 0 21459362 23886046 71266609 76067030 253903787 271976055 X 4091554 0 0 0 0 708867 X 0 1 X 1 0 2513313 0 2513313 6262644 0 2827958 3434686 1098569 0 762887 335682 2871304 0 2010267 861037 1172880 0 892586 280294 7425012 SAVINGS ACCOUNTS 167043618 SAVINGS CERTIFICATES OF DEPOSIT 23718976 190762594 15562374 0 0 0 0 0 15562374 0 0 0 15562374 11470820 0 0 0 0 0 11470820 0 0 0 11470820 X 0 0 0 RICKY BERRIOS FIGUEROA CEO 176956 0 0 0 0 0 0 0 0 0 176956 0 0 0 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAVE MEMBERS. Form 990, Part VI, Section A, Line 7a ALL MEMBERS ELECT THE GOVERNMENT BODY. Form 990, Part VI, Section A, Line 7b THE DECISION IS TAKEN BY A MAYORITY OF VOTING MEMBERS. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS MAINTAINED ON A TAX FILE IN THE ORGANIZATION OFFICE. UNDER THE COMMONWEALTH OF PUERTO RICO AND LAW 255 IS NOT REQUIRED TO GIVE COPY TO MEMBERS. Form 990, Part VI, Section B, Line 12c THE GOVERNMENT AND REGULATORY AGENCY "CORPORACION PARA LA SUPERVISION DE SEGUROS DE COOPERATIVAS" CARRY OUT A COMPLIANCE AUDIT. Form 990, Part VI, Section B, Line 15 DETERMINED AND PROVIDED BY GOVERNMENT BODY. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MEETS ANNUALLY, OR AS NEEDED BEFORE THE YEAR END PERIOD, AND AT THESE MEETINGS THE BOARD OF DIRECTORS AND THE MANAGEMENT TEAM DISCUSSES THE POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICIES, THE FINANCIAL STATEMENTS AND ITS GOVERNING DOCUMENTS, AND MAKE THE AVAILABLE TO THE GENERAL PUBLIC ON A PER REQUEST BASIS. Form 990, Part IX, Line 24e PROVISION FOR LOAN LOSSES - $850,000 CONTRIBUTIONS FOR GRANTS AND COOPERATIVE EDUCATION - $28,742 REPAIRS AND MAINTANANCE - $373,526 RENT - $19,750 PROGRAMATION - $417,092 COMMUNICATIONS - $134,700 UTILITIES - $171,137 POSTAGE - $8,775 BOARD OF DIRECTORS - $25,636 SERVICES COMMITTEE - $83,548 BANK CHARGES & CREDIT CARDS - $1,222,822 CARRIAGE - $48,387 REPRESENTATION - $7,399 ACTIVITIES - $33,563 COLLECTION EFFORTS - $13,683 PANDEMIC RELATED EXPENSES - $459,892 SALES AND USE TAX EXPENSE (IVU) - $68,664 REPOSSESSED ASSETS COSTS - $45,787 OTHER EXPENSES - $294,250 TOTAL OTHER EXPENSES - $4,307,353 Form 990, Part XI, Line 9 SUMMARY OF OTHER CHANGES IN NET ASSETS: BEGINNING BALANCE AT JANUARY 1, 2021 - $71,266,609 CONTRIBUTION OF SHARES NET OF WITHDRAWALS - $1,617,554 TRANSFER FOR INACTIVE ACCOUNTS - $517,253 CHANGE IN VALUE OF INVESTMENTS - (1,425,940) NET ECONOMY $4,091,554 ENDING BALANCE AT DECEMBER 31, 2022 CHANGE IN FUND BALANCE - $76,067,030 Cooperativa de Ahorro y Crédito San José 66-0231533 Form 990 - Administrative Waive of Penalties December 31, 2022. Dear Sirs: This letter is to respectfully request the wave of penalties of the organization's tax return. We think that we have reasonable cause for filling our returns late, for the following reasons: * Our institution is a Puerto Rico entity not subject to federal taxation due to section 933 of the IRC. * We filled the form 990 by request of a governmental agency that regulates our nonprofit activity, whose name is COSSEC (Corporación para la Supervisión y Seguro de Cooperativas de Puerto Rico), which is the agency that provides us with an insurance of the deposits that our members maintain in our institution. * We are excluded from filling the Form 990 due to the nature of business realized by us, which is savings and loans cooperative association located in the Commonwealth of Puerto Rico. * Nevertheless, we are required by our local agency to file these forms, and for that reason we proceed to file them. And for that matter, we had filled timely our previous years returns, and we are planning to do so in the future, as have done it in the past. As an involuntary mistake we inadvertently passed the filling date because we assumed it to be the same date of the Puerto Rico return, which is on June 15, as it does with other similar returns for both jurisdictions. * We do not receive donations from the public or our membership, because of the nature of business of our institution. Please take into consideration the information given to waive these penalties. We are a community association created by Puerto Rico Law to give its members an alternative to find relief to their economic problems and bring them the solutions that in nowhere else they are going to find. If you have any other information that you need to process our request, please let us know to provide it immediately.