2025-08-15T16:29:56-05:00 2024-09-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2023-10-01 943247824 THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION MORT 4159898855 1611 TELEGRAPH AVE 504 OAKLAND CA 94612 MIKE VANECEK CFO 4159898855 2025-08-15 1 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2025-08-15 2023 2025-03-06 01:10:19Z TMC FINANCING BARBARA MORRISON 1611 TELEGRAPH AVE 504 OAKLAND CA 94612 28848222 0 X WWW.TMCFINANCING.COM X 1996 CA 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. 12 11 106 0 0 0 0 0 21594937 23967171 147073 239250 137924 97362 21879934 24303783 192090 191609 0 0 15903815 17795465 0 0 0 5403514 5939000 21499419 23926074 380515 377709 22477678 24782264 7640799 9806680 14836879 14975584 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. 0 0 20274446 191609 24447917 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. WE OFFER A VARIABLE RATE PRODUCT, THE COMMUNITY ADVANTAGE LOAN. 20274446 0 0 0 0 0 0 0 0 0 1 0 0 0 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 77 0 1 106 1 0 0 0 0 0 0 1 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MIKE VANECEK 9253306698 1611 TELEGRAPH AVE 504 OAKLAND CA 94612 BARBARA MORRISON PRESIDENT/CEO 40.00 X X 1068277 0 123869 KELLY LAROCCA VICE CHAIR/TREAS/SEC (THRU FEB) 0.10 X X 3300 0 0 DJ KURTZE CHAIR/VICE CHAIR 0.10 X X 2700 0 0 SCOTT MANIVONG CHAIR (THRU JAN) 0.10 X X 2100 0 0 THOMAS CHAVEZ TREAS/SEC (AS OF FEB) 0.10 X X 1800 0 0 DANIEL FUJIMOTO BOARD MEMBER 0.10 X 3000 0 0 DAVE GRIFFIS BOARD MEMBER (THRU JAN) 0.10 X 2135 0 0 DAVID HOFMANN BOARD MEMBER 0.10 X 2100 0 0 ARTUR WASHINGTON BOARD MEMBER 0.10 X 1800 0 0 JENNIFER ELTINGE BOARD MEMBER 0.10 X 1200 0 0 JAMES CHEUNG BOARD MEMBER 0.10 X 1200 0 0 TED UPLAND BOARD MEMBER (THRU JAN) 0.10 X 1200 0 0 IAN MCDANIAL BOARD MEMBER (THRU JAN) 0.10 X 900 0 0 STEVE POLLETT BOARD MEMBER 0.10 X 900 0 0 KEITH MERKLINK BOARD MEMBER 0.10 X 0 0 0 WILLIAM SOMMER BOARD MEMBER 0.10 X 0 0 0 ANSIE TING BOARD MEMBER 0.10 X 0 0 0 KURT CHAMBLISS EXECUTIVE VP BUSINESS DEV. 40.00 X 619821 0 41716 MIKE VANECEK CFO / CIO 40.00 X 454544 0 36334 GREGG MITCHELL COO 40.00 X 357740 0 16116 DEAN ALOE BUS. DEV. OFFICER 40.00 X 664738 0 27261 CHRIS BANE BUS. DEV. OFFICER 40.00 X 534872 0 30387 GEOFFREY MCGIVERN BUS. DEV. OFFICER 40.00 X 503212 0 34416 JENNIFER DAVIS BUS. DEV. OFFICER 40.00 X 367463 0 24050 ARMEN MADATYAN BUS. DEV. OFFICER 40.00 X 321500 0 27413 4916502 0 361562 59 0 1 0 LAW OFFICES OF NOEL M NINO INC 1720 BROADWAY 3RD FL OAKLAND CA 94612 LEGAL SERVICES 375700 TODD E KOBERNICK 2448 HISTORIC DECATUR RD STE 220 SAN DIEGO CA 92106 LEGAL SERVICES 307500 SCOTT KIRKWOOD 50 CUTLER AVE APT 201 SAN FRANCISCO CA 94116 SALESFORCE CRM SUPPORT 182400 3 LOAN SERVICING FEES 522100 11847935 11847935 LOAN ORIGINATION FEES 522100 9144523 9144523 FLOAT INTEREST INCOME 522100 2415991 2415991 COMMUNITY ADVANTAGE PREMIUM INCOM 522100 441894 441894 REFERRAL FEES 522100 97557 97557 19271 19271 23967171 288564 288564 61740 0 61740 61740 61740 4495125 4544439 -49314 -49314 480746 -530060 COST REIMBURSMENT 900099 35622 35622 35622 24303783 24447917 0 -144134 191492 191492 117 117 2718172 1580200 1137972 12077585 10980871 1096714 258925 189014 69911 1829730 1408045 421685 911053 688672 222381 9490 9490 897666 543536 354130 770249 770249 355299 313036 42263 87983 76730 11253 596344 520072 76272 228222 199032 29190 25583 25583 103008 89833 13175 196489 171358 25131 EQUIPMENT LEASES 1187503 1047385 140118 CREDIT LOSS EXPENSE 1057116 1057116 0 COMMUNITY ADVANTAGE LOA 288331 288331 0 135717 133774 1943 23926074 20274446 3651628 0 1154345 2458831 6124129 6372629 7803151 7626905 4460038 520663 416695 348668 210160 182316 138508 2245990 2384839 1185 4447084 922634 22477678 24782264 2869494 3930722 957000 4771305 4918958 7640799 9806680 X 14836879 14975584 14836879 14975584 22477678 24782264 377709 88472 -327476 0 X 0 1 X 0 0 67806 39454 28352 234793 158342 76451 46069 12364 33705 138508 LOAN GUARANTEES 115859 DEFERRED COMPENSATION 1926339 CLIENT DEPOSITS 1679795 OPERATING LEASE LIABILITY 778640 FINANCING LEASE LIABILITY 106495 CA LOAN COLLATERAL 311830 4918958 X 24912825 88472 88472 24824353 9490 -530060 -520570 24303783 24446644 530060 530060 23916584 9490 9490 23926074 PART X, LINE 2: MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS -530,060. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 530,060. 1 TMC COMMUNITY CAPITAL 1611 TELEGRAPH AVE SUITE 504 OAKLAND CA 94612 825204018 501(C)(3) 175000 0 ASSISTANCE WITH ONLINE FINANCING FINANCIAL WOMEN OF SAN FRANCISCO SCHOLARSHIP FUND INC 268 BUSH STREET 2822 SAN FRANCISCO CA 94104 030475636 501(C)(3) 5250 0 SCHOLARSHIPS FOR BAY AREA WOMEN STUDYING FINANCE OR FINANCIAL SERVICES 2 0 PART I, LINE 2: THE ORGANIZATION HAS ACCOUNTING OVERSIGHT FOR TMC COMMUNITY CAPITAL. OTHER ORGANIZATIONS THAT HAVE RECEIVED ASSISTANCE ARE WELL KNOWN IN THE COMMUNITY AND NO MONITORING IS NECESSARY. X 1 1 X X X X X X 0 1 0 1 0 0 0 1 0 BARBARA MORRISON PRESIDENT/CEO 793029 0 261555 0 13693 0 122500 0 1369 0 1192146 0 0 0 DEAN ALOE BUS. DEV. OFFICER 160000 0 498988 0 5750 0 5100 0 22161 0 691999 0 0 0 KURT CHAMBLISS EXECUTIVE VP BUSINESS DEV. 228096 0 381463 0 10262 0 5100 0 36616 0 661537 0 0 0 CHRIS BANE BUS. DEV. OFFICER 130000 0 401535 0 3337 0 5100 0 25287 0 565259 0 0 0 GEOFFREY MCGIVERN BUS. DEV. OFFICER 130000 0 367306 0 5906 0 5100 0 29316 0 537628 0 0 0 MIKE VANECEK CFO / CIO 319344 0 131322 0 3878 0 2500 0 33834 0 490878 0 0 0 JENNIFER DAVIS BUS. DEV. OFFICER 140000 0 219233 0 8230 0 5100 0 18950 0 391513 0 0 0 GREGG MITCHELL COO 316185 0 41555 0 0 0 2500 0 13616 0 373856 0 0 0 ARMEN MADATYAN BUS. DEV. OFFICER 140000 0 178350 0 3150 0 5100 0 22313 0 348913 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. - BARBARA MORRISON - KURT CHAMLISS - MIKE VANECEK - DEAN ALOE - GEOFFREY MCGIVERN - JENNIFER DAVIS - GREG MITCHELL - ARMEN MADATYAN PART I, LINE 4B TMC ANNUALLY CONTRIBUTES $120,000 TO A SUPPLEMEMTAL EXECUTIVE RETIREMENT PLAN (SERP) CREATED IN 2013 FOR THE PRESIDENT/CEO, BARBARA MORRISON. THE SERP WAS ESTABLISHED FOR BARBARA MORRISON BEGINNING 01/01/2013 WITH ANNUAL CONTRIBUTION OF $120,000 FOR FIVE YEARS VESTING IN 12/31/2017. AT 01/01/2017, THE SERP WAS EXTENDED TO 12/31/2021. AGAIN, AT 05/04/2023, THE SERP WAS EXTENDED TO 12/31/2026. PART I, LINE 5 THE FOLLOWING PERSONS RECEIVED COMMISSION COMPENSATION BASED ON THE GROSS SBA DEBENTURE AMOUNT OF QUALIFIED FUNDED LOANS: DEAN ALOE, KURT CHAMBLISS, CHRIS BANE, JENNIFER DAVIS, GEOFFREY MCGIVERN AND ARMEN MADATYAN. PART I, LINE 7 THE FOLLOWING OFFICERS RECEIVED NON-FIXED BONUSES APPROVED BY THE BOARD OF DIRECTORS: BARBARA MORRISON, MIKE VANECEK, GREGG MITCHELL. ANNA O'BRIAN FAMILIAL RELATIONSHIP WITH A DIRECTOR AND OFFICER 273518 EMPLOYEE COMPENSATION 0 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 AND MAKES THEM AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 TMC DEVELOPMENT MAKES FORM 990 AVAILABLE UPON REQUEST.