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EIN 94-3247824

TMC Financing

IRS 501(c) type
501(c)(4)
Num. employees
96
City
Oakland
State
California
Year formed
1996
Most recent tax filings
2023-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Founded in 1981, TMC Financing is the largest provider of SBA 504 commercial real estate financing in Northern California. Nearly 5,000 businesses have benefited from this financing, resulting in the creation of an estimated 60,000 jobs.
Also known as...
The Mortgage Capital Development Corporation; The Mortgage Capital Financing
Total revenues
$21,879,934
2023
Total expenses
$21,499,419
2023
Total assets
$22,477,678
2023
Num. employees
96
2023

Program areas at TMC Financing

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.

Grants made by TMC Financing

GranteeGrant descriptionAmount
TMC Community CapitalWorking Capital & Grant Program$175,000
FWSF Scholarship FundGrant Program$8,000

Personnel at TMC Financing

NameTitleCompensation
Barbara MorrisonFounder and President$915,109
Gregg MitchellExecutive Vice President , Loan Operations$372,720
Mike VanecekChief Financial Officer$331,446
Kurt ChamblissExecutive Vice President , Business Development$852,877
Kelly LaroccaBoard Member$2,100
...and 6 more key personnel

Financials for TMC Financing

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$21,594,937
Investment income and dividends$147,073
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$137,924
Total revenues$21,879,934

Form 990s for TMC Financing

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-13990View PDF
2022-092023-08-15990View PDF
2021-092022-08-15990View PDF
2020-092021-08-09990View PDF
2019-092020-11-23990View PDF
...and 9 more Form 990s
Data update history
September 21, 2024
Updated personnel
Identified 2 new personnel
October 11, 2023
Updated personnel
Identified 3 new personnel
October 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 13, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Business and community development organizations
Issues
Human servicesHousingBusiness and industry
Characteristics
State / local level
General information
Address
1611 Telegraph 504
Oakland, CA 94612
Metro area
San Francisco-Oakland-Berkeley, CA
County
Alameda County, CA
Website URL
tmcfinancing.com/ 
Phone
(415) 989-8855
Facebook page
tmcfinancing 
Twitter profile
@tmcfinance 
IRS details
EIN
94-3247824
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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