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Organizations The Mortgage Capital Development Corporation

The Mortgage Capital Development Corporation

Fiscal year ending 2018. Filed on July 25, 2019.

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 2018 IRS Form 990 filing, The Mortgage Capital Development Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 11 out of 55 total employees. Among the employees shown here, the average compensation is $337,302. The highest compensated employee at The Mortgage Capital Development Corporation is Barbara Morrison with fiscal year 2018 compensation of $1,051,423.

Revenue, expenses, and employee compensation

Revenue

$11,968,054

Expenses

$10,368,242

Employee compensation

$7,746,247
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Morrison
President and Chief Executive Officer
$1,051,423
$883,005 No related comp$168,418
Kurt Chambliss
Executive Vice President
$436,529
$399,671 No related comp$36,858
James Avezedo
BUS DEV Officer
$384,723
$353,147 No related comp$31,576
Bruce Whitaker
BUS DEV Officer
$335,253
$300,009 No related comp$35,244
Mike Vanecek
Chief Financial Officer
$287,195
$256,098 No related comp$31,097
Ray Monhan
Chief Operating Officer
$283,231
$256,456 No related comp$26,775
Jennifer Davis
BUS DEV Officer
$251,624
$225,978 No related comp$25,646
Dave Griffis
BUS DEV Officer/Board Member
$197,451
$171,932 No related comp$25,519
Anna O'Brien
BUS DEV Officer
$193,934
$176,619 No related comp$17,315
Deanna Arnold
Closing Manager
$180,987
$159,076 No related comp$21,911
Richard Grant
Executive Vice President
$107,969
$91,302 No related comp$16,667

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
Dana Mandolesi
Board Member
$3,600
$3,600 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
Anthony Burney
Board Member
$2,850
$2,850 No related compNo other comp
Linda Lee
Secretary and Treasurer
$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
Lou Scarpa
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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