2026-08-17T15:43:43-05:00 2025-09-30 423603499 EIDE BAILLY ADVISORY LLC 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2024-10-01 943247824 THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION MORT 4159898855 1611 TELEGRAPH AVE 504 OAKLAND CA 94612 MIKE VANECEK CFO 4159898855 2026-08-17 1 1 LINDSEY R PHILLIPS P01985962 6122536500 2026-08-17 2024 2025-03-06 01:10:19Z TMC FINANCING BARBARA MORRISON 1611 TELEGRAPH AVE 504 OAKLAND CA 94612 33814476 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. 13 12 100 0 0 0 0 0 23967171 28637100 239250 901650 97362 77505 24303783 29616255 191609 196701 0 0 17795465 18772498 0 0 0 5939000 7312681 23926074 26281880 377709 3334375 24782264 28816985 9806680 10582909 14975584 18234076 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 21023691 98351 28525389 THE ORGANIZATION CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF ITS REGION BY WORKING WITH THE SBA AND PRIVATE-SECTOR LENDERS TO PROVIDE SBA 504 FINANCING TO SMALL BUSINESSES. THE ORGANIZATION ASSISTS SMALL BUSINESSES IN GAINING ACCESS TO LONG-TERM 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. OVER THE PAST YEAR TMC FINANCING PROVIDED $578 MILLION IN SBA 504 FINANCING TO 433 SMALL BUSINESS OWNERS. TMC BORROWERS FROM THE PAST YEAR PLAN TO CREATE OR RETAIN OVER 3,000 JOBS. 1037935 98350 605230 THE ORGANIZATION CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF ITS REGION BY WORKING WITH THE SBA, PROVIDING SBA COMMUNITY ADVANTAGE LOAN FINANCING TO SMALL BUSINESSES. THE ORGANIZATION ASSISTS SMALL BUSINESSES IN GAINING ACCESS FINANCING FOR WORKING CAPITAL AND THE PURCHASE OF EQUIPMENT. THE PROGRAM IS DESIGNED TO BENEFIT SMALL BUSINESSES IN UNDERSERVED MARKETS. OVER THE PAST YEAR TMC FINANCING PROVIDED $6.3 MILLION IN COMMUNITY ADVANTAGE FINANCING TO 32 SMALL BUSINESS OWNERS IN UNDERSERVED MARKETS THROUGHOUT CALIFORNIA. 22061626 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 89 0 1 100 1 0 0 0 0 0 0 1 0 X 13 12 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 1073212 0 124060 KELLY LAROCCA VICE CHAIR (THRU 1/25) 0.10 X X 2493 0 0 DJ KURTZE CHAIR 0.10 X X 3600 0 0 THOMAS CHAVEZ- TREASSEC (THRU 1/25)VICE CHAIR(AS OF 2/25) 0.10 X X 1800 0 0 WILLIAM SOMMER- TREASURER SECRETARY (AS OF 2/25) 0.10 X X 2100 0 0 ANSIE TING BOARD MEMBER 0.10 X 1500 0 0 KEITH MERKLIN BOARD MEMBER 0.10 X 1050 0 0 IAN MCDANIEL BOARD MEMBER 0.10 X 0 0 0 BRIAN FINNEGAN BOARD MEMBER 0.10 X 0 0 0 DAVID HOFMANN BOARD MEMBER 0.10 X 3000 0 0 JENNIFER ELTINGE BOARD MEMBER 0.10 X 1200 0 0 STEVE POLLETT BOARD MEMBER 0.10 X 1200 0 0 JAMES CHEUNG BOARD MEMBER 0.10 X 1524 0 0 DANIEL FUJIMOTO BOARD MEMBER 0.10 X 3000 0 0 ARTUR WASHINGTON BOARD MEMBER (THRU 1/25) 0.10 X 2100 0 0 KURT CHAMBLISS EXECUTIVE VP BUSINESS DEV. 40.00 X 624921 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 651101 0 38503 CHRIS BANE BUS. DEV. OFFICER 40.00 X 534872 0 30387 GEOFFREY MCGIVERN BUS. DEV. OFFICER 40.00 X 503212 0 34416 BRYCE FENNELL BUS. DEV. OFFICER 40.00 X 377957 0 28668 JAMES AZEVEDO BUS. DEV. OFFICER 40.00 X 380743 0 28668 4982869 0 378868 56 0 1 0 LAW OFFICES OF NOEL M NINO INC 1720 BROADWAY 3RD FL OAKLAND CA 94612 LEGAL SERVICES 452750 TODD E KOBERNICK 2448 HISTORIC DECATUR RD STE 220 SAN DIEGO CA 92106 LEGAL SERVICES 264933 SCOTT KIRKWOOD 50 CUTLER AVE APT 201 SAN FRANCISCO CA 94116 SALESFORCE CRM SUPPORT 133000 RAYMOND MONAHAN CONSULTING 3536 MONTEREY BLVD OAKLAND CA 94619 WORKFLOW CONSULTANT 121178 4 LOAN SERVICING FEES 522100 14034020 14034020 LOAN ORIGINATION FEES 522100 11167445 11167445 FLOAT INTEREST INCOME 522100 2262887 2262887 COMMUNITY ADVANTAGE PREMIUM INCOM 522100 605230 605230 REFERRAL FEES 522100 315218 315218 252300 252300 28637100 408131 408131 23500 0 23500 23500 23500 4691740 4198221 493519 493519 493519 COST REIMBURSMENT 900099 54005 54005 54005 29616255 29130619 0 485636 196701 196701 2719614 1581714 1137900 311402 311402 12506859 11139673 1367186 275563 252948 22615 2015756 1442044 573712 943304 691453 251851 12681 12681 1254626 795058 459568 711228 711228 456885 401621 55264 140686 124085 16601 518897 457667 61230 207068 182634 24434 66250 66250 73874 65157 8717 180203 158939 21264 CREDIT LOSS EXPENSE 1655779 1655779 EQUIPMENT LEASES 1044152 925266 118886 COMMUNITY ADVANTAGE LOA 386088 386088 RECRUITING 356668 277838 78830 247596 238081 9515 26281880 22061626 4220254 0 2458831 2829594 6372629 7303925 7626905 9100489 4460038 5889735 416695 499388 367873 279015 138508 88858 2384839 2412355 1185 23241 922634 669400 24782264 28816985 3930722 4409503 957000 1500000 4918958 4673406 9806680 10582909 X 14975584 18234076 14975584 18234076 24782264 28816985 3334375 -75883 0 X 0 1 X 0 0 70130 62443 7687 247415 197424 49991 50328 19148 31180 88858 LOAN GUARANTEES 221888 DEFERRED COMPENSATION 2204798 CLIENT DEPOSITS 1344030 OPERATING LEASE LIABILITY 394690 FINANCING LEASE LIABILITY 196170 CA LOAN COLLATERAL 311830 4673406 X 29527691 -75883 -75883 29603574 12681 12681 29616255 26269199 0 26269199 12681 12681 26281880 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. 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 0 1 0 1 0 0 0 1 0 BARBARA MORRISON PRESIDENT/CEO 792838 0 261555 0 18819 0 122500 0 1560 0 1197272 0 0 0 DEAN ALOE BUS. DEV. OFFICER 148758 0 498988 0 3355 0 5100 0 33403 0 689604 0 0 0 KURT CHAMBLISS EXECUTIVE VP BUSINESS DEV. 228096 0 386563 0 10262 0 5100 0 36616 0 666637 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 JAMES AZEVEDO BUS. DEV. OFFICER 135000 0 239683 0 6060 0 5100 0 23568 0 409411 0 0 0 BRYCE FENNELL BUS. DEV. OFFICER 130000 0 246140 0 1817 0 5100 0 23568 0 406625 0 0 0 GREGG MITCHELL COO 316185 0 41555 0 0 0 2500 0 13616 0 373856 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 - GREG MITCHELL - DEAN ALOE - CHRIS BANE - GEOFFREY MCGIVERN - JENNIFER DAVIS - JAMES AZEVEDO PART I, LINE 4B TMC CONTRIBUTED $120,000 IN CALENDAR YEAR 2024 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, WITH DISTRIBUTIONS AT 1/1/2026 AND 1/1/2027. 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 JAMES AZEVEDO. 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 311402 EMPLOYEE COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE WHICH IS COMPRISED OF MEMBERS CHOSEN BY AND FROM THE BOARD, WITH A MINIMUM OF FOUR MEMBERS. ANY AUTHORITY DELEGATED BY THE BOARD TO THE EXECUTIVE COMMITTEE IS SUBJECT TO LIMITATIONS SPECIFIED IN THE BYLAWS AND ANY DELEGATION OF AUTHORITY SHALL NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY IMPOSED BY LAW. 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 PRESIDENT/ CEO 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.