Overview
What is Cooperativa De Ahorro Y Credito La Candelaria?
Cooperativa De Ahorro Y Credito La Candelaria is a nonprofit organization situated in Manati, Puerto Rico. Its primary goal is to provide savings and credit services to its members. The organization's main activity involves offering loans to its members, with any surplus generated from operations being distributed among the members themselves. With a team of approximately 30 employees, the cooperative operates with the aim of financially supporting its members and contributing to their financial well-being.
Official website here: www.candelcoop.coop
Is Cooperativa De Ahorro Y Credito La Candelaria legitimate?
Cooperativa De Ahorro Y Credito La Candelaria is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cooperativa De Ahorro Y Credito La Candelaria 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: $181,579
Professional Fundraising Fees: $0
Other Salaries and Wages: $998,066
For more financial information, click here
Official website here: www.candelcoop.coop
What is the mission statement of Cooperativa De Ahorro Y Credito La Candelaria?
Cooperativa De Ahorro Y Credito La Candelaria's primary mission is centered around serving its members. The organization's most significant activity involves offering loan services to its members. Any excess income or surplus generated from operations is then redistributed amongst its members. In essence, the cooperative is dedicated to providing financial assistance to its members through savings and credit products.
Official website here: www.candelcoop.coop
Who is the CEO of Cooperativa De Ahorro Y Credito La Candelaria?
Elmy Rodriguez is the Ceo of Cooperativa De Ahorro Y Credito La Candelaria. The CEO's salary of Cooperativa De Ahorro Y Credito La Candelaria is $181,579 and their total compensation is $363,158.
Official website here: www.candelcoop.coop
What is the revenue of Cooperativa De Ahorro Y Credito La Candelaria?
Cooperativa De Ahorro Y Credito La Candelaria's revenue in 2022 was $8,724,567.
Official website here: www.candelcoop.coop
Who are the executives of Cooperativa De Ahorro Y Credito La Candelaria and what are their salaries?
The average compensation at Cooperativa De Ahorro Y Credito La Candelaria during 2022 was $39,322. There are 30 employees and 7 volunteers at Cooperativa De Ahorro Y Credito La Candelaria.
There is 1 key member and their salary:
- Compensation: $181,579
- Related: $0
- Other: $181,579
Official website here: www.candelcoop.coop
Where can I find the form 990 for Cooperativa De Ahorro Y Credito La Candelaria?
Cooperativa De Ahorro Y Credito La Candelaria's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.candelcoop.coop
Learn more at the official website: www.candelcoop.coop
Mission Statement of Cooperativa De Ahorro Y Credito La Candelaria
Cooperativa De Ahorro Y Credito La Candelaria, in its mission, primarily focuses on serving its credit union members. The organization's most significant activities revolve around providing savings and credit products. Any surplus or net income generated from operations is distributed among its members, demonstrating its commitment to its member-centric approach. This mission reflects Cooperativa De Ahorro Y Credito La Candelaria's dedication to supporting its members financially, contributing to their financial stability and well-being.
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Impact
October, 2024
Cooperativa De Ahorro Y Credito La Candelaria significantly impacts its community by providing accessible financial services to its members in Manati, PR. By focusing on offering loans and savings products, it empowers individuals and families to achieve their financial goals, whether that's funding education, starting a business, or buying a home.
The cooperative's model ensures that any net income and surplus generated from its operations are redistributed among its members, fostering a sense of community ownership and engagement. This approach not only strengthens the financial well-being of its members but also contributes to the overall economic development in the region. By prioritizing the needs of its members, Cooperativa La Candelaria plays a crucial role in promoting financial literacy and sustainability, ultimately enhancing the quality of life for individuals in the area.
This information is meant to be a general summary of Cooperativa De Ahorro Y Credito La Candelaria. 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: $7,850,797
- Gross Receipts: $8,724,567
Assets and Liabilities:
- Total Assets: $126,176,306
- Total Liabilities: $102,696,475
- Net Assets: $23,479,831
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Organization Details
Founding Year
1957
Phone
(787) 854-1620Principal Officer
Elmy Rodriguez
Main Address
PO Box 3249, Manati, PR, 00674
Website
www.candelcoop.coopNTEE Category
Code: W60 - Public benefit
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