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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 2017. Filed on June 26, 2018.

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 2017 IRS Form 990 filing, The Mortgage Capital Development Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 9 out of 54 total employees. Among the employees shown here, the average compensation is $345,535. The highest compensated employee at The Mortgage Capital Development Corporation is Barbara Morrison with fiscal year 2017 compensation of $858,739.

Revenue, expenses, and employee compensation

Revenue

$11,196,256

Expenses

$10,332,637

Employee compensation

$7,737,626
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Morrison
President and Chief Executive Officer
$858,739
$710,074 No related comp$148,665
Kurt Chambliss
Business Development Offic
$390,815
$371,996 No related comp$18,819
Richard Grant
Executive Vice President
$314,654
$295,835 No related comp$18,819
Jennifer Davis
Business Development Offic
$284,121
$270,937 No related comp$13,184
Diana Hallal
Business Development Offic
$278,807
$265,907 No related comp$12,900
James Avezedo
Business Development Offic
$257,833
$239,265 No related comp$18,568
Bruce Whitaker
Business Development Offic
$255,951
$238,646 No related comp$17,305
Ray Monahan
Chief Operating Officer
$238,836
$225,037 No related comp$13,799
Mike Vanecek
Chief Financial Officer
$230,060
$218,506 No related comp$11,554

Benchmark Employee Compensation

Non-Employee Board Members

Gail Goldman
Vice Chair
$5,400
$5,400 No related compNo other comp
David Neagle
Chair
$4,650
$4,650 No related compNo other comp
Selma Taylor Cash
Board Member
$3,900
$3,900 No related compNo other comp
Mary O'Hara Devereaux
Board Member
$3,900
$3,900 No related compNo other comp
Neil McKinnon
Board Member
$3,600
$3,600 No related compNo other comp
Kenneth G Johnson
Board Member
$3,600
$3,600 No related compNo other comp
Dana Mandolesi
Board Member
$3,600
$3,600 No related compNo other comp
Anthony Burney
Board Member
$2,850
$2,850 No related compNo other comp
Linda Lee
Secretary
$2,100
$2,100 No related compNo other comp
Jennifer F Raike
Board Member
$2,100
$2,100 No related compNo other comp
Derek A Groff, Asa
Board Member
$1,650
$1,650 No related compNo other comp
Michael Waltz
Board Member
$900
$900 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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