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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations The Mortgage Capital Development Corporation

The Mortgage Capital Development Corporation

Fiscal year ending 2016. Filed on April 18, 2017.

1720 Broadway
Oakland, California 94612

The Mortgage Capital Development Corporation (EIN: 94-3247824), also known as Tmc Financing, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, The Mortgage Capital Development Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 10 out of 61 total employees. Among the employees shown here, the average compensation is $329,629. The highest compensated employee at The Mortgage Capital Development Corporation is Barbara Morrison with fiscal year 2016 compensation of $880,328.

Revenue, expenses, and employee compensation

Revenue

$10,856,690

Expenses

$10,691,071

Employee compensation

$7,923,609
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Morrison
President and Chief Executive Officer
$880,328
$734,858 No related comp$145,470
Kurt Chambliss
Business Development Officer
$440,985
$424,005 No related comp$16,980
Richard Grant
Chief Operating Officer
$368,635
$351,655 No related comp$16,980
Jennifer Davis
Business Development Officer
$316,513
$304,230 No related comp$12,283
Bruce Whitaker
Business Development Officer
$290,947
$273,981 No related comp$16,966
James Avezedo
Business Development Officer
$252,152
$234,787 No related comp$17,365
David Griffis
Business Development Officer
$236,563
$219,838 No related comp$16,725
Ray Monahan
Executive Vice President
$225,849
$212,950 No related comp$12,899
Alitha Young
CFO to 12.31.15
$216,098
$209,972 No related comp$6,126
Mike Vanecek
Chief Financial Officer
$68,218
$67,231 No related comp$987

Benchmark Employee Compensation

Non-Employee Board Members

Kenneth G Johnson
Chair
$3,800
$3,800 No related compNo other comp
Linda Lee
Secretary
$3,800
$3,800 No related compNo other comp
Selma Taylor Cash
Board Member
$3,200
$3,200 No related compNo other comp
David Neagle
Board Member
$3,000
$3,000 No related compNo other comp
Gail Goldman
Vice Chair
$3,000
$3,000 No related compNo other comp
Derek A Groff, Asa
Board Member
$3,000
$3,000 No related compNo other comp
Michael Waltz
Board Member
$2,700
$2,700 No related compNo other comp
Jennifer F Raike
Board Member
$2,700
$2,700 No related compNo other comp
Mary O'Hara Devereaux
Board Member
$2,700
$2,700 No related compNo other comp
Dana Mandolesi
Board Member
$2,600
$2,600 No related compNo other comp
Anthony Burney
Board Member
$2,500
$2,500 No related compNo other comp
Denise Conley
Board Member
$2,100
$2,100 No related compNo other comp

Mission Statement

AS A CERTIFIED DEVELOPMENT COMPANY, THE ORGANIZATION'S PRIMARY PURPOSE IS TO (CONT'D ON SCH O) ASSIST SMALL BUSINESSES AND INDIVIDUALS IN ACQUIRING SBA LOANS AND THEN TO MONITOR THOSE LOANS ON BEHALF OF THE SBA.

Revisions to this organization profile

August 15, 2025:
2024 The Mortgage Capital Development Corporation 990 filed
August 13, 2024:
2023 The Mortgage Capital Development Corporation 990 filed
August 15, 2023:
2022 The Mortgage Capital Development Corporation 990 filed

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