2024-05-08T11:19:28-04:00 2023-06-30 990 2022-07-01 660398333 CORPORACION PARA EL FINANCIAMIENTO EMPRESARIAL DEL COMERCIO Y DE LAS COMUNI DADES % GIOVANNA PIOVANETTI CORP 7877565080 PO BOX 191791 SAN JUAN PR 009191791 GIOVANNA PIOVANETTI EXECUTIVE PRESIDENT 2024-05-08 false JOSE A GONZALEZ TORRES P01485821 7874576247 2024-05-08 2022 2023-04-26 12:10:37Z COFECC GIOVANNA PIOVANETTI 171 AVE CARLOS CHARDON SUITE 407 SAN JUAN PR 00918 1152299 false X https: www.lendreams.com X 1982 PR TO PROMOTE FACILITATE AND EXECUTE ECONOMIC DEVELOPMENT COMMUNITY REVITALIZATION LONG-TERM JOB CREATION AND RETENTION SELF-EMPLOYMENT BUSINESS AND CREDIT EDUCATION AND ENTREPRENEURSHIP THROUGH THE ESTABLISHMENT OR EXPANSION OF MICRO SMALL AND MEDIUM-SIZED ENTERPRISES. 12 12 19 0 0 0 201722 437227 539362 670872 0 0 38907 44200 779991 1152299 0 0 0 0 469963 612587 0 0 0 280228 372202 750191 984789 29800 167510 5257497 6332012 2484253 3391258 2773244 2940754 TO PROMOTE FACILITATE AND EXECUTE ECONOMIC DEVELOPMENT COMMUNITY REVITALIZATION LONG-TERM JOB CREATION AND RETENTION SELF-EMPLOYMENT BUSINESS AND CREDIT EDUCATION AND ENTREPRENEURSHIP THROUGH THE ESTABLISHMENT OR EXPANSION OF MICRO SMALL AND MEDIUM-SIZED ENTERPRISES. 379956 260568 393639 SBA MICROLOAN DEMONSTRATION PROGRAM - 15 NEW LOANS WERE CLOSED DURING THE YEAR TOTALING $455,397 411955 0 488969 SBA 504 LOANS PROGRAM - 12 NEW LOANS WERE CLOSING DURING THE YEAR TOTALING $6,727,000 19221 0 6887 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND - NO NEW LOAN WERE CLOSED DURING THE YEAR. 159490 126495 248086 970622 true false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 19 true false false false false false false false 0 false false false false false false false false false false X 12 12 false false false false false true false true true false false true true true true true true true true false PR X X Giovanna Piovanetti 7877565080 PO BOX 191791 SAN JUAN PR 009191791 Giovanna Piovanetti Lugo Executive President 40.00 0.00 X 105019 0 6000 Everardo Velez Pineiro Loan Department Director 40.00 0.00 X 61360 0 6000 Paul M Vilaro Nelms President of Board Director 2.00 0.00 X X 1200 0 0 Harry O Vega Diaz Vice-President of Board Director 1.00 0.00 X X 900 0 0 Jaime J Aponte Parsi Secretary of Board Director 2.00 0.00 X X 975 0 0 Raul O Barreras Rivera Treasurer of Board Director 2.00 0.00 X X 1675 0 0 Carmen M Correa Matos Director 1.00 0.00 X 400 0 0 Diana L Santiago Olivares Director 1.00 0.00 X 1275 0 0 Ildefonso Rodriguez Director 2.00 0.00 X 1400 0 0 Ismael Velazquez Gomez Director 1.00 0.00 X 1100 0 0 Omar M Contreras Gomez Director 2.00 0.00 X 1700 0 0 Rodolfo A Rivera Director 1.00 0.00 X 1100 0 0 Suleira M Quinones Director 1.00 0.00 X 900 0 0 Jorge Guzman Daleccio Director 1.00 0.00 X 100 0 0 179104 0 12000 1 false false false 0 0 0 0 387063 50164 0 437227 Interest Income 204177 0 0 0 Servicing Fee 466695 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 670872 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 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 0 0 44200 0 0 0 44200 1152299 0 0 0 0 0 0 0 0 0 0 0 179104 179104 0 0 0 0 0 0 241260 235228 6032 0 0 0 0 0 147498 147347 151 0 44725 43756 969 0 0 0 0 0 702 679 23 0 15912 15688 224 0 0 0 0 0 0 0 0 0 0 0 60938 60800 138 0 8736 7969 767 0 4498 4386 112 0 10615 9998 617 0 0 0 0 0 50236 49544 692 0 25668 25366 302 0 0 0 0 0 17939 16552 1387 0 8082 8016 66 0 0 0 0 0 666 0 666 0 23819 23396 423 0 MATCHING 65142 65142 0 0 REPAIRS AND MAINTENANCE 20035 19919 116 0 TELEPHONE 12073 12022 51 0 DUES AND SUBSCRIPTIONS 5548 5431 117 0 41593 40279 1314 0 984789 970622 14167 0 0 0 0 0 225 225 2566148 2549478 715552 1348761 86168 125371 0 0 0 0 1863519 2283940 0 0 23268 22286 97903 95952 2617 1951 0 0 0 0 0 0 0 0 0 0 5257497 6332012 221808 298049 0 0 0 0 0 0 0 0 0 0 1696970 1945647 0 0 565475 1147562 2484253 3391258 X 1075779 1153342 1697465 1787412 2773244 2940754 5257497 6332012 167510 0 0 0 0 0 X false true X false true true X 330022 727355 303414 201722 437205 1999718 0 0 0 0 0 0 0 0 0 0 0 0 330022 727355 303414 201722 437205 1999718 1999718 1495 1811 1074 788 2255 7423 0 0 0 0 0 0 562042 546890 567382 577481 712839 2966634 4973775 0.4021 0.4064 X Part II - Line 10 | Year:, Amount:, Description:| 2018, 562042, LOAN INTEREST $154,383; LOAN PROCESING REVIEWING FEES $354,911; OTHER INCOME $52,748; TOTAL $562,042| 2019, 546890LOAN INTEREST $154,692; LOAN PROCESING REVIEWING FEES $364,396; OTHER INCOME $27,802; TOTAL $546,890| 2020, 567382LOAN INTEREST $165,834; LOAN PROCESING REVIEWING FEES $342,090; OTHER INCOME $59,458; TOTAL $567,382| 2021, 577481LOAN INTEREST $165,200; LOAN PROCESING REVIEWING FEES $374,162; OTHER INCOME $38,119; TOTAL $577,481| 2022, 712839LOAN INTEREST $201,920; LOAN PROCESING REVIEWING FEES $481,255; OTHER INCOME $29,664; TOTAL $712,839| 49633 49633 48270 46319 1951 1951 Unearned revenue 1147562 1147562 1152299 0 1152299 0 1152299 984789 0 984789 0 984789 Part VI, Line 7a THE ORGANIZATION HAS ASSEMBLY MEMBERS WHICH ARE REPRESENTATIVES OF THE DIFFERENT SECTORS OF THE COMMUNITY. DUE TO ITS NONPROFIT STATUS THE ORGANIZATION DOES NOT HAVE STOCKHOLDERS. Part VI, Line 12c THE ORGANIZATION'S PERFORMS ANNUAL PROCEDURES FOR IDENTIFICATION OF POTENTIAL CONFLICTS OF INTEREST AS REQUIRED BY ITS CONFLICT OF INTEREST POLICY. EACH SIGNIFICANT PERSON SHALL COMPLETELY ACCURATELY AND TIMELY SUBMIT THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE AS PREPARED AND DISTRIBUTED BY THE BOARD OF DIRECTORS. THIS QUESTIONNAIRE MUST BE SUBMITTED UP TO THREE WEEKS AFTER GENERAL ASSEMBLY ELECTIONS AFTER GENERAL ASSEMBLY ELECTIONS TAKEN PLACE OR EACH TIME A NEW MEMBER COMES TO THE BOARD OF DIRECTORS. DUTY TO DISCLOSE A SIGNIFICANT PERSON MUST DISCLOSE THE EXISTANCE OF ANY INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE PERSONS TO THE BOARD HAS DESIGNATED TO CONSIDER THE PROPOSED CONTRACT TRANSACTIONS OR ARRANGEMENT. SUCH INFORMATION MUST BE PROVIDED SO THAT DECISIONS ARE MADE WITH FULL KNOWLEDGE AND UNDERSTANDING OF THE SIGNIFICANT PERSON'S INTEREST. CONTINUING DISCLOSURE IF AFTER COMPLETION OF THE ANNUAL QUESTIONNAIRE ANY SIGNIFICANT PERSON BECOME AWARE OF ANYTHING THAT COULD GIVE RISE TO A POTENCIAL CONFLICT OF INTEREST WITH RESPECTO TO A PROPOSED CONTRACT TRANSACTION OR ARRANGEMENT INVOLVING COFECC THE SIGNIFICANT PERSON SHALL PROPMTLY DISCLOSE THAT INTEREST TO THE PRESIDENT OF THE BOARD OF DIRECTORS. Part VI, Line 15 COMPENSATIONS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. Part III, Line 4d | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| RURAL DEVELOPMENT RBEG - 1 NEW LOAN WERE CLOSED DURING THE YEAR TOTALING $85,000, $13319, $0, $15695| IRP PROGRAM - RURAL DEVELOPMENT - NO NEW LOANS IN THE YEAR, $26332, $0, $36670| DHHS - WOMEN ENTREPRENEURS LOAN FUND - NO NEW LOANS IN THE YEAR, $14368, $0, $-527| PUERTO RICO COMMUNITY FOUNDATION DORAL FUND - NO NEW LOANS IN THE YEAR, $58425, $126495, $126495| COMMUNITY ADVANTAGE - 3 NEW LOAN WERE CLOSED DURING THE YEAR TOTALLING $308,700, $47046, $0, $69753|