2024-08-13T15:09:43-05:00 2023-09-30 814234542 BPM LLP 2001 NORTH MAIN STREET SUITE 360 WALNUT CREEK CA 945967253 990 2022-10-01 943247824 THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION MORT 4159898855 1611 TELEGRAPH 504 OAKLAND CA 94612 MIKE VANECEK CFO 4159898855 2024-08-07 1 0 ELENA P SEREBRIAKOVA P01382840 9252961040 2024-08-07 2022 2024-08-08 14:25:15Z TMC FINANCING BARBARA MORRISON 1611 TELEGRAPH 504 OAKLAND CA 94612 21879934 0 X WWW.TMCFINANCING.COM X 1996 CA 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. 15 14 96 0 0 0 0 0 19243247 21594937 203478 147073 325588 137924 19772313 21879934 255053 192090 0 0 14529882 15903815 0 0 0 4556073 5403514 19341008 21499419 431305 380515 21214459 22477678 6813765 7640799 14400694 14836879 X AS A CERTIFIED DEVELOPMENT COMPANY, THE ORGANIZATIONS PRIMARY PURPOSE IS TO ASSIST SMALL BUSINESSES AND INDIVIDUALS IN ACQUIRING SBA LOANS AND THEN TO MONITOR THOSE LOANS ON BEHALF OF THE SBA. 1 0 18187312 192090 21732861 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. 18187312 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 69 0 1 96 1 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR X BARBARA MORRISON 4159898855 1611 TELEGRAPH SUITE 504 OAKLAND CA 94612 ARTHUR WASHINGTON BOARD MEMBER 0.30 X 1800 0 0 DANIEL FUJIMOTO BOARD MEMBER 0.30 X 900 0 0 DAVID GRIFFIS BOARD MEMBER 0.30 X 1500 0 0 DAVID J HOFMANN BOARD MEMBER 0.30 X 2700 0 0 DON J KURTZE VICE CHAIR 0.30 X X 3300 0 0 IAN MCDANIEL BOARD MEMBER 0.30 X 1500 0 0 JAMES CHEUNG BOARD MEMBER 0.30 X 1200 0 0 JENNIFER ELTINGE BOARD MEMBER 0.30 X 1200 0 0 KELLY LAROCCA TREASURER/SECRETARY 0.30 X X 2100 0 0 WILLIAM SOMMER BOARD MEMBER 0.30 X 0 0 0 SCOTT SATASINH MANIVONG CHAIRMAN OF BOARD 0.30 X X 2100 0 0 STEVE POLLETT BOARD MEMBER 0.30 X 1200 0 0 TED UPLAND BOARD MEMBER 0.30 X 1200 0 0 THOMAS CHAVEZ BOARD MEMBER 0.30 X 961 0 0 BARBARA MORRISON PRESIDENT 40.00 X X 915109 0 169262 KURT CHAMBLISS EXECUTIVE VP 40.00 X 852877 0 30885 GREGG MITCHELL COO 40.00 X 372720 0 16952 MIKE VANECEK CFO 40.00 X 331446 0 28925 JAMES AVEZEDO BUS DEV OFFICER 40.00 X 399262 0 25984 CHRIS HUNTER BUS DEV OFFICER 40.00 X 274179 0 21450 BRUCE WHITAKER BUS DEV OFFICER 40.00 X 294209 0 30977 JENNIFER DAVIS BUS DEV OFFICER 40.00 X 522299 0 21990 GEOFFREY MCGIVERN BUS DEV OFFICER 40.00 X 446362 0 31160 4430124 0 377585 57 0 1 0 LAW OFFICES OF NOEL M NINO INC 1720 BROADWAY 3RD FLOOR OAKLAND CA 94612 LEGAL SERVICES 549385 MARQUIS AURBACH COFFING ATTORNEYS AT LA 10001 PARK RUN DRIVE LAS VEGAS NV 89145 LEGAL SERVICES 141744 LAW OFFICES OF MICHAEL RUBENSTEIN 3030 BRIDGEWAY SUITE 204 SAUSALITO CA 94965 LEGAL SERVICES 115935 3 LOAN SERVICING FEES 522100 9854755 9854755 LOAN PROCESSING FEES 522100 8791188 8791188 FLOAT INTEREST INCOME 522100 2231601 2231601 COMMUNITY ADVANTAGE PREMIUM INCOM 522100 670547 670547 PPP LOAN INTEREST INCOME 522100 46846 46846 21594937 147073 147073 REFERRAL FEE INCOME 900099 137924 137924 137924 21879934 21732861 0 147073 192090 192090 2630419 2177576 452843 10852870 9153528 1699342 287413 211964 75449 1256031 910110 345921 877082 657127 219955 182835 182835 379532 146845 232687 565653 565653 161447 142897 18550 128103 113384 14719 413656 366127 47529 198426 175627 22799 125563 111136 14427 170259 150696 19563 EQUIPMENT & SOFTWARE LE 1019246 910749 108497 RESERVE FOR DEBENTURE F 757165 757165 MISCELLANEOUS EXPENSES 599280 571554 27726 RECRUITING 498930 498930 203419 191319 12100 21499419 18187312 3312107 0 502210 1154345 6099575 6124129 6285599 7803151 490962 520663 314431 132115 94550 182316 4606410 2245990 3135153 4447084 21214459 22477678 2198276 2869494 1219635 3395854 4771305 6813765 7640799 X 14400694 14836879 14400694 14836879 21214459 22477678 380515 55670 0 X 0 1 X 0 0 67806 16852 50954 200557 109480 91077 46068 5783 40285 182316 SECURITY DEPOSITS 70784 WEB AND APP DEVELOPMENT 546207 CALIFORNIA LOAN RECEIVABLE, NET OF CURRENT PORTION 2028442 CALIFORNIA LOAN RECEIVABLE 195948 PPP LOAN RECEIVABLE 322478 OPERATING LEASE RIGHT OF USE ASSET 1136087 FINANCING LEASE RIGHT OF USE ASSET 147138 4447084 LIABILITIES FOR LOAN LOSSES 140116 DEFERRED COMPENSATION 1652949 CLIENT DEPOSITS 1593512 OPERATING LEASE LIABILITY 1232966 FINANCING LEASE LIABILITY 151762 4771305 X 21935604 55670 55670 21879934 0 21879934 21499419 0 21499419 0 21499419 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND SECTION 23701F OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, THE ORGANIZATION HAS PAID NO INCOME TAXES AND THE FINANCIAL STATEMENTS INCLUDE NO PROVISION FOR INCOME TAXES. THE ORGANIZATION FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE TAX YEARS OF 2020 THROUGH 2022 REMAIN OPEN. 0 TMC COMMUNITY CAPITAL 1611 TELEGRAPH SUITE 504 OAKLAND CA 94612 825204018 501(C)(3) 175000 0 WORKING CAPITAL & GRANT PROGRAM FINANCIAL WOMEN OF SAN FRANCISCO SCHOLARSHIP FUND 268 BUSH STREET 2822 SAN FRANCISCO CA 94104 030475636 501(C)(3) 8000 0 GRANT PROGRAM 2 0 X 1 1 X X X X X X 0 1 0 1 0 0 0 1 0 BARBARA MORRISON PRESIDENT 740934 0 160000 0 14175 0 167838 0 1424 0 1084371 0 0 0 KURT CHAMBLISS EXECUTIVE VP 222261 0 175000 0 455616 0 2500 0 28385 0 883762 0 0 0 JENNIFER DAVIS BUS DEV OFFICER 135000 0 0 0 387299 0 5092 0 16898 0 544289 0 0 0 GEOFFREY MCGIVERN BUS DEV OFFICER 120400 0 0 0 325962 0 5092 0 26068 0 477522 0 0 0 JAMES AVEZEDO BUS DEV OFFICER 125833 0 0 0 273429 0 5092 0 20892 0 425246 0 0 0 GREGG MITCHELL COO 292720 0 80000 0 0 0 2500 0 14452 0 389672 0 0 0 MIKE VANECEK CFO 249674 0 80000 0 1772 0 2500 0 26425 0 360371 0 0 0 BRUCE WHITAKER BUS DEV OFFICER 110458 0 0 0 183751 0 2592 0 28385 0 325186 0 0 0 CHRIS HUNTER BUS DEV OFFICER 85002 0 0 0 189177 0 4466 0 16984 0 295629 0 0 0 PART I, LINE 1A THE PERSONS LISTED BELOW RECEIVED PAYMENT FOR HEALTH CLUB DUES. THESE PAYMENTS WERE INCLUDED IN THEIR W-2S AND TREATED AS TAXABLE COMPENSATION. THIS BENEFIT IS AVAILABLE FOR ALL EMPLOYEES. - BARBARA MORRISON - KURT CHAMBLISS - JENNIFER DAVIS - GEOFFREY MCGIVERN - JAMES AVEZEDO - GREGG MITCHELL - MIKE VANECEK - BRUCE WHITAKER - CHRIS HUNTER THE PERSONS LISTED BELOW RECEIVED PAYMENT FOR GOLF CLUB DUES WHEN USE IS BUSINESS RELATED. THESE PAYMENTS WERE NOT INCLUDED IN THEIR W-2S AND NOT TREATED AS TAXABLE COMPENSATION. - JAMES AVEZEDO - BRUCE WHITAKER WE ARE CURRENTLY REVIEWING PAYMENTS FOR GOLF CLUB DUES WHEN USE IS BUSINESS RELATED. WE WILL AMEND RETURNS IF NECESSARY. PART I, LINE 4B TMC ANNUALLY CONTRIBUTES $120,000 TO A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) CREATED IN 2013 FOR THE PRESIDENT/CEO, BARBARA MORRISON. THE SERP PLAN WAS ESTABLISHED FOR BARBARA MORRISON BEGINNING 01/01/2013 WITH ANNUAL CONTRIBUTION OF $120,000 FOR FIVE YEARS VESTING 12/31/2017. AT 01/01/2017, THE SERP PLAN WAS EXTENDED TO 12/31/2021. AGAIN, AT 05/04/2023, THE SERP PLAN WAS EXTENDED TO 12/31/2026. PART I, LINE 5 BUSINESS DEVELOPMENT OFFICER COMPENSATION PLANS: BAY AREA, SOUTHBAY, NEVADA, SACRAMENTO, AND SAN DIEGO: 20 BP AT AUTHORIZATION AND 30 BP AT FUNDING ORANGE COUNTY, IE: TIER 1 $0 - $50M 20BP AT AUTHORIZATION AND 30BP AT FUNDING TIER 2 > $50M 20BP AT AUTHORIZATION AND 55BP AT FUNDING LA: 28 BP AT AUTHORIZATION AND 45 BP AT FUNDING AZ: 8.5 BP AT AUTHORIZATION AND 15 BP AT FUNDING PART I, LINE 7 THE FOLLOWING OFFICERS RECEIVED NON-FIXED BONUSES APPROVED BY THE BOARD OF DIRECTORS: BARBARA MORRISON, MIKE VANECEK, KURT CHAMBLISS AND GREGG MITCHELL. ANNA O'BRIEN FAMILY MEMBER OF DIRECTOR AND OFFICER 230890 EMPLOYEE COMPENSATION (INCLUDES BENEFITS AND RETIREMENT CONTRIBUTIONS) 0 FORM 990, PART III, LINE 2 COMMUNITY ADVANTAGE LOANS RECEIVABLE CONSIST OF LOANS FUNDED TO BORROWERS BY THE ORGANIZATION THROUGH THE SBA'S COMMUNITY ADVANTAGE LOAN PROGRAM. THE COMMUNITY ADVANTAGE LOAN PROGRAM GUARANTEES 85% OF LOANS MADE TO BORROWERS, UP TO $150,000, AND GUARANTEES 75% OF LOANS MADE TO BORROWERS MORE THAN $150,000. THE ORGANIZATION HAS THE ABILITY TO SELL THE GUARANTEED PORTION OF THE LOANS FUNDED TO THIRD PARTY INVESTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM IN CONJUNCTION WITH THE ORGANIZATION'S CHIEF FINANCIAL OFFICER. A DRAFT OF FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, AND ANY CORRECTIONS OR MODIFICATIONS ARE MADE BY THE OUTSIDE CPA. THE REVISED DRAFT IS THEN REVIEWED BY THE BOARD OF DIRECTORS. ANY CONCERNS THAT THE BOARD OF DIRECTORS HAVE ARE RAISED WITH THE CPA FIRM AND A CONSENSUS IS ACHIEVED. THE RETURN IS THEN FINALIZED AND ELECTRONICALLY FILED WITH THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES MUST ANNUALLY COMPLETE A SCHEDULE TO DISCLOSE ALL POTENTIALLY CONFLICTING TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS COMPARATIVE TAX RETURNS AND INDUSTRY SURVEYS TO ESTABLISH THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OFFICERS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION RELIES UPON GUIDESTAR AND FOUNDATIONCENTER.ORG TO PUBLISH THE RETURN ON THE INTERNET. FORM 990, PART VI, SECTION C, LINE 19 TMC DEVELOPMENT MAKES FORM 990 AVAILABLE UPON REQUEST.