THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION

EIN 94-3247824 · Homeowners & Tenants Associations (L50)

What they do

AS A CERTIFIED DEVELOPMENT COMPANY, THE ORGANIZATIONS PRIMARY PURPOSE is to (CONTD ON SCH O) ASSIST SMALL BUSINESSES and INDIVIDUALS IN ACQUIRING SBA LOANS and THEN to MONITOR THOSE LOANS ON BEHALF of THE SBA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.42%of revenue went to mission work84.7% of expenses · Program services

$80.79spent for every $100 of revenueRevenue covered expenses this year.

15.02%of revenue went to management and office costs15.3% of expenses

$1.20in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,192,146 for BARBARA MORRISON (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,303,783

Mission workProgram services$20,274,44683.42% of revenue84.7% of expenses

ManagementOffice and general costs$3,651,62815.02% of revenue15.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$377,7091.55% of revenueShown in gray on the chart

Total expenses$23,926,07498.45% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 84.7% mission · 15.3% management · 0.0% fundraisingTotal expenses: 98.45% of revenue

2022Expense mix: 84.6% mission · 15.4% management · 0.0% fundraisingTotal expenses: 98.26% of revenue

2021Expense mix: 87.3% mission · 12.7% management · 0.0% fundraisingTotal expenses: 97.82% of revenue

2020Expense mix: 82.5% mission · 17.5% management · 0.0% fundraisingTotal expenses: 73.96% of revenue

2019Expense mix: 81.4% mission · 18.6% management · 0.0% fundraisingTotal expenses: 96.24% of revenue

2018Expense mix: 79.4% mission · 20.6% management · 0.0% fundraisingTotal expenses: 88.21% of revenue

2017Expense mix: 79.1% mission · 20.9% management · 0.0% fundraisingTotal expenses: 86.63% of revenue

2016Expense mix: 82.7% mission · 17.3% management · 0.0% fundraisingTotal expenses: 92.29% of revenue

Money in and money out

Revenue$29,616,255

Expenses$23,926,074

Annual surplus $5,690,181 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$20,274,446 · 84.7% of expenses

Management and office costs$3,651,628 · 15.3% of expenses

See all reported dollar amounts

Revenue$29,616,255

Expenses$23,926,074

Assets$28,816,985

Income$33,814,476

Mission work (program services)$20,274,446

Grants given$1,573,736

Average grant$143,067

Management and general$3,651,628

Stocks and bonds$2,384,839

Investing fees$9,490

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BARBARA MORRISONPRESIDENT/CEO · 40 hrs/week $1,192,146Base $1,068,277 · Other $123,869

DEAN ALOEBUS. DEV. OFFICER · 40 hrs/week $691,999Base $664,738 · Other $27,261

KURT CHAMBLISSEXECUTIVE VP BUSINESS DEV. · 40 hrs/week $661,537Base $619,821 · Other $41,716

CHRIS BANEBUS. DEV. OFFICER · 40 hrs/week $565,259Base $534,872 · Other $30,387

GEOFFREY MCGIVERNBUS. DEV. OFFICER · 40 hrs/week $537,628Base $503,212 · Other $34,416

MIKE VANECEKCFO / CIO · 40 hrs/week $490,878Base $454,544 · Other $36,334

JENNIFER DAVISBUS. DEV. OFFICER · 40 hrs/week $391,513Base $367,463 · Other $24,050

GREGG MITCHELLCOO · 40 hrs/week $373,856Base $357,740 · Other $16,116

ARMEN MADATYANBUS. DEV. OFFICER · 40 hrs/week $348,913Base $321,500 · Other $27,413

KELLY LAROCCAVICE CHAIR/TREAS/SEC (THRU FEB) $3,300

DANIEL FUJIMOTOBOARD MEMBER $3,000

DJ KURTZECHAIR/VICE CHAIR $2,700

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

BARBARA MORRISONPRESIDENT/CEO

DEAN ALOEBUS. DEV. OFFICER

KURT CHAMBLISSEXECUTIVE VP BUSINESS DEV.

CHRIS BANEBUS. DEV. OFFICER

GEOFFREY MCGIVERNBUS. DEV. OFFICER

MIKE VANECEKCFO / CIO

JENNIFER DAVISBUS. DEV. OFFICER

GREGG MITCHELLCOO

ARMEN MADATYANBUS. DEV. OFFICER

KELLY LAROCCAVICE CHAIR/TREAS/SEC (THRU FEB)

DANIEL FUJIMOTOBOARD MEMBER

DJ KURTZECHAIR/VICE CHAIR

DAVE GRIFFISBOARD MEMBER (THRU JAN)

DAVID HOFMANNBOARD MEMBER

SCOTT MANIVONGCHAIR (THRU JAN)

THOMAS CHAVEZTREAS/SEC (AS OF FEB)

ARTUR WASHINGTONBOARD MEMBER

JAMES CHEUNGBOARD MEMBER

JENNIFER ELTINGEBOARD MEMBER

TED UPLANDBOARD MEMBER (THRU JAN)

IAN MCDANIALBOARD MEMBER (THRU JAN)

STEVE POLLETTBOARD MEMBER

KEITH MERKLINKBOARD MEMBER

ANSIE TINGBOARD MEMBER

WILLIAM SOMMERBOARD MEMBER

About this charity

Recognized since: January 1996
Location: 1611 TELEGRAPH AVE STE 504, OAKLAND, CA 94612-2253
County: Alameda
In care of: MIKE VANECEK
Primary officer: MIKE VANECEK, CFO

How to reach them

WebsiteVisit the charity’s website Phone(415) 989-8855

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: EIDE BAILLY LLP
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Grant-giving organization: Yes