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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 2019. Filed on February 14, 2020.

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 2019 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 53 total employees. Among the employees shown here, the average compensation is $408,117. The highest compensated employee at The Mortgage Capital Development Corporation is Barbara Morrison with fiscal year 2019 compensation of $947,232.

Revenue, expenses, and employee compensation

Revenue

$12,546,242

Expenses

$11,066,832

Employee compensation

$8,364,420
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Morrison
President and Chief Executive Officer
$947,232
$793,047 No related comp$154,185
Kurt Chambliss
Executive Vice President
$512,912
$485,908 No related comp$27,004
Jennifer Davis
BUS DEV Officer
$420,762
$403,187 No related comp$17,575
Anna O'Brien
BUS DEV Officer
$362,552
$350,584 No related comp$11,968
James Avezedo
BUS DEV Officer
$355,649
$333,871 No related comp$21,778
Ray Monhan
Chief Operating Officer
$317,221
$300,776 No related comp$16,445
Mike Vanecek
Chief Financial Officer
$309,296
$285,750 No related comp$23,546
Bruce Whitaker
BUS DEV Officer
$267,193
$244,687 No related comp$22,506
Deanna Arnold
Closing Manager
$180,235
$167,892 No related comp$12,343

Benchmark Employee Compensation

Non-Employee Board Members

David Neagle
Chair
$3,900
$3,900 No related compNo other comp
Linda Lee
Board Member (TO 2/2019)
$3,300
$3,300 No related compNo other comp
Kenneth G Johnson
Board Member
$3,300
$3,300 No related compNo other comp
Selma Taylor Cash
Board Member (TO 2/2019)
$2,400
$2,400 No related compNo other comp
Gail Goldman
Secretary and Treasurer
$2,400
$2,400 No related compNo other comp
Neil McKinnon
Vice Chair
$2,400
$2,400 No related compNo other comp
Jennifer F Raike
Board Member
$2,400
$2,400 No related compNo other comp
Mary O'Hara Devereaux
Board Member (TO 2/2019)
$2,400
$2,400 No related compNo other comp
Scott Manivong
Board Member
$2,400
$2,400 No related compNo other comp
Anthony Burney
Board Member
$2,100
$2,100 No related compNo other comp
Dana Mandolesi
Board Member
$1,800
$1,800 No related compNo other comp
Dave Griffis
Board Member
$1,800
$1,800 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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