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 2025 filing: $29.6M revenue, $26.3M expenses, $28.8M total assets. IRS filings disclose 15 grants awarded by this foundation, totaling roughly $1.9M.
EIN: 943247824
OAKLAND, CA
Latest filing: 2025
Total Revenue$29.6M
Total Expenses$26.3M
Total Assets$28.8M
Grants Given15
Grant Total$1.9M
Filing Years2021–2025
Where $100 goes at The Mortgage Capital Development Corporation
How The Mortgage Capital Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$84
Programs
the work itself
$16
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $84 for programs
$80
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
$4
The organization contributes to the economic development of its region by working with the sba, providing sba community advantage loan financing to small businesses
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
ASSISTANCE WITH ONLINE FINANCING
$175,000
SCHOLARSHIPS FOR BAY AREA WOMEN STUDYING FINANCE OR FINANCIAL SERVICES
$5,250
ASSISTANCE WITH ONLINE FINANCING
$175,000
SCHOLARSHIPS FOR BAY AREA WOMEN STUDYING FINANCE OR FINANCIAL SERVICES
$5,250
WORKING CAPITAL & GRANT PROGRAM
$175,000
Showing up to 5 of 15 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Ansie Ting
BOARD MEMBER (THRU 1/25)
Artur Washington
PRESIDENT/CEO
Barbara Morrison
BOARD MEMBER
Brian Finnegan
BUS. DEV. OFFICER
Bryce Fennell
BUS. DEV. OFFICER
Chris Bane
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $29.6M | $26.3M | $28.8M |
| 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 |
Between 2021 and 2025, reported annual revenue grew from $21.3M to $29.6M (+39%), with total assets most recently reported at $28.8M.
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.