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Organizations The Mortgage Capital Development Corporation

The Mortgage Capital Development Corporation

Fiscal year ending 2021. Filed on August 15, 2022.

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 2021 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 85 total employees. Among the employees shown here, the average compensation is $443,234. The highest compensated employee at The Mortgage Capital Development Corporation is Barbara Morrison with fiscal year 2021 compensation of $1,036,714.

Revenue, expenses, and employee compensation

Revenue

$21,275,511

Expenses

$15,735,299

Employee compensation

$12,459,748
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Morrison
President
$1,036,714
$863,041 No related comp$173,673
Kurt Chambliss
Executive Vice President
$684,578
$658,551 No related comp$26,027
Jennifer Davis
BUS DEV Officer
$452,088
$431,600 No related comp$20,488
James Avezedo
BUS DEV Officer
$347,512
$323,176 No related comp$24,336
Mike Vanecek
Chief Financial Officer
$344,815
$318,904 No related comp$25,911
Bruce Whitaker
BUS DEV Officer
$344,400
$318,137 No related comp$26,263
Chris Hunter
BUS DEV Officer
$278,399
$257,111 No related comp$21,288
Gregg Mitchell
Chief Operating Officer
$251,384
$240,008 No related comp$11,376
Ray Monhan
COO (TO 08/20)
$249,216
$237,622 No related comp$11,594

Benchmark Employee Compensation

Non-Employee Board Members

Ted Upland
Board Member
$1,344
$1,344 No related compNo other comp
Jennifer Eltinge
Board Member
$1,313
$1,313 No related compNo other comp
David Hofmann
Board Member
$1,294
$1,294 No related compNo other comp
Dj Kurtze
Board Member
$1,200
$1,200 No related compNo other comp
Kelly Larocca
Treasurer and Secretary
$1,200
$1,200 No related compNo other comp
Neil McKinnon
Chair
$1,200
$1,200 No related compNo other comp
David Neagle
Board Member (TO 2/21)
$1,200
$1,200 No related compNo other comp
Scott Manivong
Vice Chair
$900
$900 No related compNo other comp
Dave Griffis
Board Member
$600
$600 No related compNo other comp
Steve Pollett
Board Member
No compensation reported
Arthur Washington
Board Member
No compensation reported
Ian McDaniel
Board Member
No compensation reported

Contractors

Law Offices of Noel M Nino Inc.
Legal
$345,000
Marquis Aurbach Coffing Attorneys at LA
Legal
$120,005
Law Offices of Michael Rubenstein
Legal
$108,567

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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