2025-08-13T09:02:07-07:00 2024-12-31 990 2024-01-01 660631697 FONDO DE INVERSION Y DESARROLLO COOPERATIVO FOND 7879990322 400 Ave Americo Miranda Suite 302 San Juan PR 009275142 Normarie Caraballo Operations Director 7872475179 2025-07-31 1 2024 2025-03-06 01:10:19Z Jose J Ramirez Ruiz Ave Americo Miranda Suite 302 San Juan PR 009275142 2651442 0 X X 2002 PR To promote the social economic development in Puerto Rico through the participation in the credit union and public sector. 9 9 11 0 0 0 296535 294489 0 0 1391011 1122372 1314547 1234581 3002093 2651442 0 0 0 0 492043 533917 0 0 0 488431 699657 980474 1233574 2021619 1417868 39779010 41296776 101058 58437 39677952 41238339 The organization is engaged in the business of contributing to the development of cooperatives in Puerto Rico. 0 0 834572 0 2651442 Total Income is $2,651,442 Program expenses of 834,572 plus general expenses 399,002 total of $1,233,574. 0 0 0 834572 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 11 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 PR X Fondo de Inversion y Desarrollo Cooperativo 7879990322 Urb Villa Nevarez 400 Ave Americo Miranda Suite 302 San Juan PR 009275142 Jose J Ramirez Ruiz Executive Director 40 0 X 80758 0 9600 Normarie Caraballo Operation Director 40 0 X 66350 0 6000 Israel Velez Colon Second Vice President 1 0 X 0 0 0 Michelle M Torres Director 1 0 X 0 0 0 Candido Rivera Lopez Director 1 0 X 0 0 0 Soraya Moron Velez Directora 1 0 X 0 0 0 Carlos R Maldonado Secretary 1 0 X 0 0 0 William Ortiz Negron President 1 0 X 0 0 0 Eliud Juarbe Cruz Director 1 0 X 0 0 0 Enrique A Guzman Matos Director 1 0 X 0 0 0 Glorimar Lamboy Torres Director 1 0 X 0 0 0 147108 0 15600 0 0 0 0 0 0 0 0 0 294489 0 0 294489 0 1122372 1122372 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Income 900099 1234581 1234581 0 0 0 0 0 0 1234581 2651442 2356953 0 0 X 145286 104106 41180 255093 236626 18467 97507 81282 16225 36031 30227 5804 12708 9531 3177 169755 110341 59414 22622 22622 59516 47998 11518 110313 80099 30214 41494 23351 18143 18090 18090 33120 33120 Investments in Portfolio 22138 0 22138 0 Support and Management Unit 8290 8290 0 0 Provision for credit Losses 90000 0 90000 0 111611 80099 31512 1233574 834572 399002 0 2960672 3086590 412178 499322 4352343 4529676 5691 305669 170593 19642 135076 31233721 32238329 794763 807783 39779010 41296776 49865 48449 51193 9988 101058 58437 X 39341584 40910175 336368 328164 39677952 41238339 39779010 41296776 X 1417868 0 0 0 0 142519 X 0 1 X 1 0 X 0 0 0 296535 294489 591024 0 0 0 0 0 0 0 0 0 0 0 0 0 296535 294489 591024 591024 0 0 0 1064509 1122372 2186881 0 0 0 0 0 0 0 0 1641049 1234581 2875630 5653535 X Schedule A, Part II, Line 10 Other income includes realized profit on mutual funds of 28,815, unrealized profit on adjustment to the market value of investment in bonds and Mutual funds of 1,169,283 and other miscellaneous income of 36,483. 0 0 0 0 0 0 0 0 0 0 0 207629 0 74070 133559 98040 0 96523 1517 135076 Capital Notes 1261160 C Marketable Securities 27317399 F Preferred Stock 3100000 C Other notes payable 559770 C 32238329 2651442 0 0 0 0 0 2651442 0 0 0 2651442 1233574 0 0 0 0 0 1233574 0 0 0 1233574 Form 990, Part VI, Section A, Line 6 According The Act number 198 of August 8 202 ("THE ACT") Known as the Act for Investment and Cooperative Development Fund (FIDECOOP). All Cooperatives that contribute to the corporation and the Puerto Rico Fiscal Agency and Financial Advisory, should be members of the corporation. Form 990, Part VI, Section A, Line 7a The certificate of incorporation provides that The Board of Directors shall be compose of nine members. Each year, the organization performs its annual stockholders meeting where members of the Governing Board are elected for a given period. Form 990, Part VI, Section A, Line 7b Only those affecting general rules. Form 990, Part VI, Section B, Line 11b The organization submits quarterly compliance reports to the regulatory agency. Form 990, Part VI, Section B, Line 15 The Board of Directors performs annual evaluation over the CEO'S performance. Also the CEO has an employment formal contract or agreement. Form 990, Part VI, Section C, Line 19 Each year, the organization performs its annual stockholders meeting where members of the Governing Board are elected for a given period. Also audited financial statements are discussed by The Board of Directors with members. Financials Statements are available for each members of annual meeting. Form 990, Part IX, Line 11g Other services include all other contracted services not listed in form. Form 990, Part XI, Line 9 Increase in Cooperative contributions $142,518. (150,723 contributions and -8,204 stimulus reserve).