MORTGAGE CAPITAL DEVELOPMENT CORPORATION
1720 BROADWAY, OAKLAND, CA 946122137 www.tmcfinancing.com

Total Revenue
$12,546,242
Total Expenses
$11,066,832
Net Assets
$8,592,380

Organizations Filed Purposes: AS A CERTIFIED DEVELOPMENT COMPANY, THE ORGANIZATION'S PRIMARY PURPOSE IS TO ASSIST SMALL BUSINESSES AND INDIVIDUALS IN ACQUIRING SBA LOANS AND THEN TO MONITOR THOSE LOANS ON BEHALF OF THE SBA.

THE ORGANIZATION CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF ITS REGION BY WORKING WITH THE SBA AND PRIVATE-SECTOR LENDERS TO PROVIDE FINANCING TO SMALL BUSINESSES. THE ORGANIZATION ASSISTS SMALL BUSINESSES IN GAINING ACCESS TO LONG-TERM FIXED RATE FINANCING FOR THE PURCHASE OF MAJOR FIXED ASSETS SUCH AS LAND AND BUILDINGS. THE PROGRAM IS DESIGNED TO ENABLE SMALL BUSINESSES TO CREATE AND RETAIN JOBS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Barbara MorrisonPRESIDENT/ CEO40$793,047
Kurt ChamblissEXECUTIVE VP40$485,908
Jennifer DavisBUS DEV OFFICER40$403,187
Anna O'BrienBUS DEV OFFICER40$350,584
James AvezedoBUS DEV OFFICER40$333,871
Ray MonhanCOO40$300,776
Mike VanecekCFO40$285,750
Bruce WhitakerBUS DEV OFFICER40$244,687
Deanna ArnoldCLOSING MANAGER40$167,892
David NeagleCHAIR0.3$3,900
Linda LeeBOARD MEMBER (TO 2/2019)0.3$3,300
Kenneth G JohnsonBOARD MEMBER0.3$3,300
Selma Taylor CashBOARD MEMBER (TO 2/2019)0.3$2,400
Mary O'Hara DevereauxBOARD MEMBER (TO 2/2019)0.3$2,400
Jennifer F RaikeBOARD MEMBER0.3$2,400
Neil MckinnonVICE CHAIR0.3$2,400
Scott ManivongBOARD MEMBER0.3$2,400
Gail GoldmanSECRETARY/TREASURER0.3$2,400
Anthony BurneyBOARD MEMBER0.3$2,100
Dana MandolesiBOARD MEMBER0.3$1,800
Dave GriffisBOARD MEMBER0.3$1,800
Derek A Groff AsaBOARD MEMBER (TO 1/2019)0.3$1,200
Arthur WashingtonBOARD MEMBER0.3$0
Ian McdanielBOARD MEMBER0.3$0
Kelly LaroccaBOARD MEMBER0.3$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202000449349302100_public.xml