THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION

EIN: 943247824

OAKLAND, CA

Total Revenue
$24,303,783
Total Expenses
$23,926,074
Total Assets
$24,782,264
Net Assets
$14,975,584
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CA
Principal Officer
BARBARA MORRISON
Phone
4159898855
Tax Period
2023-10-01 to 2024-09-30

THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION, founded in 1996, is a mid-sized nonprofit that reported $24.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,967,171
Investment Income $239,250
Other Revenue $97,362
TOTAL REVENUE $24,303,783

Expense Breakdown

Grants Paid $191,609
Salaries & Benefits $17,795,465
Fundraising Expenses $0
Program Expenses $20,274,446
Other Expenses $5,939,000
TOTAL EXPENSES $23,926,074

Year-over-Year Comparison

2023 2022 Change
Revenue $24,303,783 $21,879,934 +0.1%
Expenses $23,926,074 $21,499,419 +0.1%
Net Income $377,709 $380,515 0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
11
Employees
106
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$2,728,317
Total Directors
17
$1,216,481
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA MORRISON PRESIDENT/CEO 40.00
Officer Director
$1,068,277 $123,869 $1,192,146
KELLY LAROCCA VICE CHAIR/TREAS/SEC (THRU FEB) 0.10
Officer Director
$3,300 $0 $3,300
DJ KURTZE CHAIR/VICE CHAIR 0.10
Officer Director
$2,700 $0 $2,700
SCOTT MANIVONG CHAIR (THRU JAN) 0.10
Officer Director
$2,100 $0 $2,100
THOMAS CHAVEZ TREAS/SEC (AS OF FEB) 0.10
Officer Director
$1,800 $0 $1,800
DANIEL FUJIMOTO BOARD MEMBER 0.10
Director
$3,000 $0 $3,000
DAVE GRIFFIS BOARD MEMBER (THRU JAN) 0.10
Director
$2,135 $0 $2,135
DAVID HOFMANN BOARD MEMBER 0.10
Director
$2,100 $0 $2,100
ARTUR WASHINGTON BOARD MEMBER 0.10
Director
$1,800 $0 $1,800
JENNIFER ELTINGE BOARD MEMBER 0.10
Director
$1,200 $0 $1,200
JAMES CHEUNG BOARD MEMBER 0.10
Director
$1,200 $0 $1,200
TED UPLAND BOARD MEMBER (THRU JAN) 0.10
Director
$1,200 $0 $1,200
IAN MCDANIAL BOARD MEMBER (THRU JAN) 0.10
Director
$900 $0 $900
STEVE POLLETT BOARD MEMBER 0.10
Director
$900 $0 $900
KEITH MERKLINK BOARD MEMBER 0.10
Director
$0 $0 $0
WILLIAM SOMMER BOARD MEMBER 0.10
Director
$0 $0 $0
ANSIE TING BOARD MEMBER 0.10
Director
$0 $0 $0
KURT CHAMBLISS EXECUTIVE VP BUSINESS DEV. 40.00
Officer
$619,821 $41,716 $661,537
MIKE VANECEK CFO / CIO 40.00
Officer
$454,544 $36,334 $490,878
GREGG MITCHELL COO 40.00
Officer
$357,740 $16,116 $373,856
DEAN ALOE BUS. DEV. OFFICER 40.00
Highest
$664,738 $27,261 $691,999
CHRIS BANE BUS. DEV. OFFICER 40.00
Highest
$534,872 $30,387 $565,259
GEOFFREY MCGIVERN BUS. DEV. OFFICER 40.00
Highest
$503,212 $34,416 $537,628
JENNIFER DAVIS BUS. DEV. OFFICER 40.00
Highest
$367,463 $24,050 $391,513
ARMEN MADATYAN BUS. DEV. OFFICER 40.00
Highest
$321,500 $27,413 $348,913
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $24,303,783 $23,926,074 $24,782,264 $377,709
2023 $21,879,934 $21,499,419 $22,477,678 $380,515
2022 $19,772,313 $19,341,008 $21,214,459 $431,305
2021 $21,275,511 $15,735,299 $77,426,961 $5,540,212
2020 $13,911,258 $13,388,875 $118,018,125 $522,383
2019 $12,546,242 $11,066,832 $11,729,269 $1,479,410
2018 $11,968,054 $10,368,242 $9,825,335 $1,599,812
Explore More Nonprofits
→Top 100 Nonprofits in California →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION with other nonprofits in California and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.