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Organizations The Mortgage Capital Development Corporation

The Mortgage Capital Development Corporation

Fiscal year ending 2023. Filed on August 13, 2024.

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 2023 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 96 total employees. Among the employees shown here, the average compensation is $531,783. The highest compensated employee at The Mortgage Capital Development Corporation is Barbara Morrison with fiscal year 2023 compensation of $1,084,371.

Revenue, expenses, and employee compensation

Revenue

$21,879,934

Expenses

$21,499,419

Employee compensation

$15,903,815
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Morrison
President
$1,084,371
$915,109 No related comp$169,262
Kurt Chambliss
Executive Vice President
$883,762
$852,877 No related comp$30,885
Jennifer Davis
BUS DEV Officer
$544,289
$522,299 No related comp$21,990
Geoffrey McGivern
BUS DEV Officer
$477,522
$446,362 No related comp$31,160
James Avezedo
BUS DEV Officer
$425,246
$399,262 No related comp$25,984
Gregg Mitchell
Chief Operating Officer
$389,672
$372,720 No related comp$16,952
Mike Vanecek
Chief Financial Officer
$360,371
$331,446 No related comp$28,925
Bruce Whitaker
BUS DEV Officer
$325,186
$294,209 No related comp$30,977
Chris Hunter
BUS DEV Officer
$295,629
$274,179 No related comp$21,450

Benchmark Employee Compensation

Non-Employee Board Members

Don J Kurtze
Vice Chair
$3,300
$3,300 No related compNo other comp
David J Hofmann
Board Member
$2,700
$2,700 No related compNo other comp
Kelly Larocca
Treasurer and Secretary
$2,100
$2,100 No related compNo other comp
Scott Satasinh Manivong
Board Chair
$2,100
$2,100 No related compNo other comp
Arthur Washington
Board Member
$1,800
$1,800 No related compNo other comp
David Griffis
Board Member
$1,500
$1,500 No related compNo other comp
Ian McDaniel
Board Member
$1,500
$1,500 No related compNo other comp
Ted Upland
Board Member
$1,200
$1,200 No related compNo other comp
Jennifer Eltinge
Board Member
$1,200
$1,200 No related compNo other comp
James Cheung
Board Member
$1,200
$1,200 No related compNo other comp
Steve Pollett
Board Member
$1,200
$1,200 No related compNo other comp
Thomas Chavez
Board Member
$961
$961 No related compNo other comp

Contractors

Law Offices of Noel M Nino Inc.
Legal
$549,385
Marquis Aurbach Coffing Attorneys at LA
Legal
$141,744
Law Offices of Michael Rubenstein
Legal
$115,935

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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