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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 2022. Filed on August 15, 2023.

1611 Telegraph 504
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 2022 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 100 total employees. Among the employees shown here, the average compensation is $519,591. The highest compensated employee at The Mortgage Capital Development Corporation is Barbara Morrison with fiscal year 2022 compensation of $1,078,255.

Revenue, expenses, and employee compensation

Revenue

$19,772,313

Expenses

$19,341,008

Employee compensation

$14,529,882
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Morrison
President
$1,078,255
$892,481 No related comp$185,774
Kurt Chambliss
Executive Vice President
$857,533
$828,653 No related comp$28,880
Jennifer Davis
BUS DEV Officer
$514,303
$492,524 No related comp$21,779
James Avezedo
BUS DEV Officer
$450,611
$425,671 No related comp$24,940
Bruce Whitaker
BUS DEV Officer
$401,091
$372,119 No related comp$28,972
Gregg Mitchell
Chief Operating Officer
$380,477
$364,198 No related comp$16,279
Geoffrey McGivern
BUS DEV Officer
$372,682
$345,070 No related comp$27,612
Mike Vanecek
Chief Financial Officer
$351,429
$322,654 No related comp$28,775
Anna O Brien
BUS DEV Officer
$269,940
$255,124 No related comp$14,816

Benchmark Employee Compensation

Non-Employee Board Members

Neil McKinnon
Chair (Thru February 2022)
$1,800
$1,800 No related compNo other comp
Kelly Larocca
Treasurer and Secretary
$1,581
$1,581 No related compNo other comp
Scott Manivong
Chair
$1,574
$1,574 No related compNo other comp
Dj Kurtze
Vice Chair
$1,500
$1,500 No related compNo other comp
Arthur Washington
Board Member
$1,284
$1,284 No related compNo other comp
David Hofmann
Board Member
$1,200
$1,200 No related compNo other comp
Jennifer Eltinge
Board Member
$900
$900 No related compNo other comp
Steve Pollett
Board Member
$900
$900 No related compNo other comp
Ted Upland
Board Member
$900
$900 No related compNo other comp
Dave Griffis
Board Member
$379
$379 No related compNo other comp
Ian McDaniel
Board Member
$374
$374 No related compNo other comp
James Cheung
Board Member
No compensation reported

Contractors

Law Offices of Noel M Nino Inc.
Legal
$435,000
Law Offices of Michael Rubenstein
Legal
$138,115

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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