Overview
What is Cooperativa De Ahorro Y Credito Dr M Zeno Gandia?
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia is a nonprofit organization based in Arecibo, Puerto Rico. Their primary goal is to collect savings deposits from its members, acting as a cooperative and providing financing sources in adherence to the cooperative movement philosophy. With a total of 85 employees, they generate annual interest income and other income of approximately $11.45 million, while managing expenses of around $8.9 million. This cooperative serves its community by offering financial services in alignment with the cooperative principles.
Official website here: www.zenogandia.com
Is Cooperativa De Ahorro Y Credito Dr M Zeno Gandia legitimate?
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito Dr M Zeno Gandia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $315,783
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,767,970
For more financial information, click here
Official website here: www.zenogandia.com
What is the mission statement of Cooperativa De Ahorro Y Credito Dr M Zeno Gandia?
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia's mission is centered around obtaining saving deposits from its members as both shares and financing sources, in line with the cooperative movement's philosophy. The organization's primary objective is to operate based on this cooperative philosophy. This enables the cooperative to generate income, primarily through interest and other sources, while also acting as a source of financing for its members. The cooperative's activities are guided by the principles of the cooperative movement, which emphasizes mutual aid and collective economic empowerment.
Official website here: www.zenogandia.com
Who is the CEO of Cooperativa De Ahorro Y Credito Dr M Zeno Gandia?
Ismael A Velazquez is the Principal Officer of Cooperativa De Ahorro Y Credito Dr M Zeno Gandia.
Official website here: www.zenogandia.com
What is the revenue of Cooperativa De Ahorro Y Credito Dr M Zeno Gandia?
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia's revenue in 2022 was $11,452,610.
Official website here: www.zenogandia.com
Who are the executives of Cooperativa De Ahorro Y Credito Dr M Zeno Gandia and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito Dr M Zeno Gandia during 2022 was $24,515. There are 85 employees at Cooperativa De Ahorro Y Credito Dr M Zeno Gandia.
Here are 4 key members and their salaries:
- Compensation: $106,602
- Related: $0
- Other: $0
- Compensation: $103,379
- Related: $0
- Other: $0
- Compensation: $55,311
- Related: $0
- Other: $0
- Compensation: $50,491
- Related: $0
- Other: $0
Official website here: www.zenogandia.com
Where can I find the form 990 for Cooperativa De Ahorro Y Credito Dr M Zeno Gandia?
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.zenogandia.com
Learn more at the official website: www.zenogandia.com
Mission Statement of Cooperativa De Ahorro Y Credito Dr M Zeno Gandia
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia, as a cooperative, is committed to obtaining saving deposits from its members as a form of shares and deposits, and financing sources, aligning with the cooperative movement's philosophy. The organization's primary objective is to provide its members with financial resources in accordance with this philosophy. Their mission involves generating income, primarily through interest and other sources, while also managing expenses effectively, as demonstrated by their reported income of $11,452,610 and expenses of $8,905,119. This financial management ensures the cooperative's sustainability and ability to continue serving its members.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia significantly impacts its community by fostering financial stability and empowerment among its members in Arecibo, PR. By encouraging savings through member shares and deposits, the cooperative not only promotes a culture of saving but also provides essential financing options that align with the principles of the cooperative movement.
With an interest income of $11,452,610 and total expenses of $8,905,119, the cooperative demonstrates effective financial management, ensuring that resources are allocated to benefit its members while maintaining sustainability. This financial health enables the cooperative to reinvest in the community, offering accessible financial products that cater to the needs of its members, ultimately enhancing their economic well-being.
Through its operations, the cooperative plays a crucial role in promoting financial literacy and creating a supportive network that empowers members to make informed financial decisions. The focus on collective benefit underscores the cooperative's commitment to the welfare of its community, fostering a sense of solidarity and mutual support among members. As a result, Cooperativa De Ahorro Y Credito Dr M Zeno Gandia not only serves as a financial institution but also as a cornerstone for social and economic development in the region.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito Dr M Zeno Gandia. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,168,537
- Gross Receipts: $11,452,610
Assets and Liabilities:
- Total Assets: $274,854,644
- Total Liabilities: $214,255,711
- Net Assets: $60,598,933
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Organization Details
Founding Year
1953
Phone
(787) 815-2667Principal Officer
Ismael A Velazquez
Main Address
PO BOX 1865, ARECIBO, PR, 006131865
Website
www.zenogandia.comNTEE Category
Code: W60 - Public benefit
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