Nonprofit · EIN 66-0703347
BANCO DE DESARROLLO CENTRO ORIENTAL
Tax-exempt (reinstated) · CAGUAS, PR 00726
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $185,733 | $287,789 | -$102,056 | $747,273 | $849,329 | -$102,056 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $100,000
- of which government grants
- $100,000
- Program service revenue
- $85,733
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $86,954
- Salaries, compensation and benefits (total)
- $114,932
- Professional fundraising fees
- $0
- Accounting fees
- $15,725
- Occupancy
- $20,587
- Program services (functional)
- $120,839
- Management and general (functional)
- $166,950
Balance sheet and other
- Total assets, start of year
- $1,817,626
- Total assets, end of year
- $747,273
- Total liabilities, end of year
- $849,329
- Net assets, end of year
- -$102,056
- Net assets without donor restrictions
- -$102,056
- Gross receipts
- $185,733
- Employees
- 2
- Year formed
- 2007
- State of legal domicile
- PR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM MIRANDA TORRES | Board Chair Trustee or director | 5 | $0 |
| MARIA DEL MAR LOPEZ | VP Academic Sector Trustee or director | 5 | $0 |
| CARLOS JIMENEZ | VP Entrepreneurial Sec Trustee or director | 5 | $0 |
| MANUEL FIGUEROA COLLAZO | Board Member Trustee or director | 5 | $0 |
| OSCAR JIMENEZ | Board Member Trustee or director | 5 | $0 |
| ZAMIA BAERGA | Board Member Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1717, CAGUAS, PR 00726-1717
- In care of
- % BRENDALY MARCANO
- Principal officer (990 for 2023)
- BRENDALY MARCANO, 55 Calle Ruiz Belvis, Caguas, PR 00725
- Signed the 990
- BRENDALY MARCANO, Executive Director
- Phone
- (787) 337-8833
- Return prepared by
- CARLOS E GONZALEZ VARELA CPA
Mission
To encourage economic development in the central and eastern areas of Puerto Rico through non-depository credit intermediation.
Program accomplishments
- During FY2023, BADECO strengthened its role as a key economic develop- ment institution in PR by operating programs focused on improving acc- ess to capital by small and medium businesses, and furthering entre- preneurial education. BADECO participated in the ARPA/PAFE, Capital Access for Rural Areas, Caguas Compite, and SBA Lenders Match - Path to Prosperity programs. It also hosted educational sessions and work- shops to provide financial and entrepreneurial education to founders and college students.Expenses $120,839 · grants $100,000 · revenue $85,733
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0703347
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $747,273
- Income (IRS master file)
- $185,733
Revocation and reinstatement
- Exemption revoked
- November 15, 2012
- Posted by the IRS
- April 8, 2013
- Reinstated
- Effective June 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $185,733 | $287,789 | $747,273 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0703347).
Questions about BANCO DE DESARROLLO CENTRO ORIENTAL
- What is the EIN of BANCO DE DESARROLLO CENTRO ORIENTAL?
- The employer identification number (EIN) of BANCO DE DESARROLLO CENTRO ORIENTAL is 66-0703347.
- Is BANCO DE DESARROLLO CENTRO ORIENTAL tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective June 15, 2023.
- Are donations to BANCO DE DESARROLLO CENTRO ORIENTAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BANCO DE DESARROLLO CENTRO ORIENTAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BANCO DE DESARROLLO CENTRO ORIENTAL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANCO DE DESARROLLO CENTRO ORIENTAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of BANCO DE DESARROLLO CENTRO ORIENTAL?
- The 990 for the year ended June 30, 2024 names BRENDALY MARCANO.
- Who are the officers and directors of BANCO DE DESARROLLO CENTRO ORIENTAL?
- The 990 for the year ended June 30, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BANCO DE DESARROLLO CENTRO ORIENTAL have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $185,733, expenses of $287,789 and total assets of $747,273 at year end.
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All nonprofits in CAGUAS · Puerto Rico · Community improvement and capacity building