Mission
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.
Public Charity
THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION
THE MORTGAGE CAPITAL DEVELOPMENT CORPORATION is a Public Charity headquartered in OAKLAND, CA. Financial data from the 2024 filing: $24.3M revenue, $23.9M expenses, $24.8M total assets. IRS filings disclose 13 grants awarded by this foundation, totaling roughly $1.7M.
EIN: 943247824
OAKLAND, CA
Latest filing: 2024
Total Revenue$24.3M
Total Expenses$23.9M
Total Assets$24.8M
Grants Given13
Grant Total$1.7M
Filing Years2020–2024
Sample Grants Given
ASSISTANCE WITH ONLINE FINANCING
$175,000
SCHOLARSHIPS FOR BAY AREA WOMEN STUDYING FINANCE OR FINANCIAL SERVICES
$5,250
WORKING CAPITAL & GRANT PROGRAM
$175,000
GRANT PROGRAM
$8,000
WORKING CAPITAL & GRANT PROGRAM
$175,000
Showing up to 5 of 13 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Ansie Ting
BUS. DEV. OFFICER
Armen Madatyan
BOARD MEMBER
Artur Washington
PRESIDENT/CEO
Barbara Morrison
BUS. DEV. OFFICER
Chris Bane
BOARD MEMBER
Daniel Fujimoto
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $24.3M | $23.9M | $24.8M |
| 2023 | $21.9M | $21.5M | $22.5M |
| 2022 | $19.8M | $19.3M | $21.2M |
| 2021 | $21.3M | $15.7M | $77.4M |
| 2020 | $13.9M | $13.4M | $118.0M |
Between 2020 and 2024, reported annual revenue grew from $13.9M to $24.3M (+75%), with total assets most recently reported at $24.8M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in CA.
CA
Full geographic grant map with state-by-state breakdown available with membership.