Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN SERVICING FEES

  total $9,854,755 · related or exempt $9,854,755

• 2b · Program service revenue: LOAN PROCESSING FEES

  total $8,791,188 · related or exempt $8,791,188

• 2c · Program service revenue: FLOAT INTEREST INCOME

  total $2,231,601 · related or exempt $2,231,601

• 2d · Program service revenue: COMMUNITY ADVANTAGE PREMIUM INCOM

  total $670,547 · related or exempt $670,547

• 2e · Program service revenue: PPP LOAN INTEREST INCOME

  total $46,846 · related or exempt $46,846

• 3 · Investment income

  total $147,073 · excluded $147,073

• 11a · Other revenue: REFERRAL FEE INCOME

  total $137,924 · related or exempt $137,924

• 11e · Other revenue, total

  $137,924

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $192,090 · program services $192,090

• 5 · Compensation of officers, directors and key employees

  total $2,630,419 · program services $2,177,576 · management and general $452,843

• 7 · Other salaries and wages

  total $10,852,870 · program services $9,153,528 · management and general $1,699,342

• 8 · Pension plan contributions

  total $287,413 · program services $211,964 · management and general $75,449

• 9 · Other employee benefits

  total $1,256,031 · program services $910,110 · management and general $345,921

• 10 · Payroll taxes

  total $877,082 · program services $657,127 · management and general $219,955

• 11b · Fees: legal

  total $182,835 · program services $182,835

• 11g · Fees: other

  total $379,532 · program services $146,845 · management and general $232,687

• 12 · Advertising and promotion

  total $565,653 · program services $565,653

• 13 · Office expenses

  total $161,447 · program services $142,897 · management and general $18,550

• 14 · Information technology

  total $128,103 · program services $113,384 · management and general $14,719

• 16 · Occupancy

  total $413,656 · program services $366,127 · management and general $47,529

• 17 · Travel

  total $198,426 · program services $175,627 · management and general $22,799

• 22 · Depreciation, depletion and amortization

  total $125,563 · program services $111,136 · management and general $14,427

• 23 · Insurance

  total $170,259 · program services $150,696 · management and general $19,563

• 24a · Other expenses: EQUIPMENT & SOFTWARE LE

  total $1,019,246 · program services $910,749 · management and general $108,497

• 24b · Other expenses: RESERVE FOR DEBENTURE F

  total $757,165 · program services $757,165

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $599,280 · program services $571,554 · management and general $27,726

• 24d · Other expenses: RECRUITING

  total $498,930 · program services $498,930

• 24e · All other expenses

  total $203,419 · program services $191,319 · management and general $12,100

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $502,210 · end of year $1,154,345

• 2 · Savings and temporary cash investments

  beginning of year $6,099,575 · end of year $6,124,129

• 4 · Accounts receivable

  beginning of year $6,285,599 · end of year $7,803,151

• 9 · Prepaid expenses and deferred charges

  beginning of year $490,962 · end of year $520,663

• 10a · Land, buildings and equipment: cost or other basis

  $314,431

• 10b · Land, buildings and equipment: accumulated depreciation

  $132,115

• 10c · Land, buildings and equipment, net

  beginning of year $94,550 · end of year $182,316

• 11 · Investments: publicly traded securities

  beginning of year $4,606,410 · end of year $2,245,990

• 15 · Other assets

  beginning of year $3,135,153 · end of year $4,447,084

• 17 · Accounts payable and accrued expenses

  beginning of year $2,198,276 · end of year $2,869,494

• 24 · Unsecured notes and loans payable

  beginning of year $1,219,635

• 25 · Other liabilities

  beginning of year $3,395,854 · end of year $4,771,305

• 27 · Net assets without donor restrictions

  beginning of year $14,400,694 · end of year $14,836,879

The filer's explanations (Part III)

PART I, LINE 1A

THE PERSONS LISTED BELOW RECEIVED PAYMENT FOR HEALTH CLUB DUES. THESE PAYMENTS WERE INCLUDED IN THEIR W-2S AND TREATED AS TAXABLE COMPENSATION. THIS BENEFIT IS AVAILABLE FOR ALL EMPLOYEES. - BARBARA MORRISON - KURT CHAMBLISS - JENNIFER DAVIS - GEOFFREY MCGIVERN - JAMES AVEZEDO - GREGG MITCHELL - MIKE VANECEK - BRUCE WHITAKER - CHRIS HUNTER THE PERSONS LISTED BELOW RECEIVED PAYMENT FOR GOLF CLUB DUES WHEN USE IS BUSINESS RELATED. THESE PAYMENTS WERE NOT INCLUDED IN THEIR W-2S AND NOT TREATED AS TAXABLE COMPENSATION. - JAMES AVEZEDO - BRUCE WHITAKER WE ARE CURRENTLY REVIEWING PAYMENTS FOR GOLF CLUB DUES WHEN USE IS BUSINESS RELATED. WE WILL AMEND RETURNS IF NECESSARY.

PART I, LINE 4B

TMC ANNUALLY CONTRIBUTES $120,000 TO A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) CREATED IN 2013 FOR THE PRESIDENT/CEO, BARBARA MORRISON. THE SERP PLAN WAS ESTABLISHED FOR BARBARA MORRISON BEGINNING 01/01/2013 WITH ANNUAL CONTRIBUTION OF $120,000 FOR FIVE YEARS VESTING 12/31/2017. AT 01/01/2017, THE SERP PLAN WAS EXTENDED TO 12/31/2021. AGAIN, AT 05/04/2023, THE SERP PLAN WAS EXTENDED TO 12/31/2026.

PART I, LINE 5

BUSINESS DEVELOPMENT OFFICER COMPENSATION PLANS: BAY AREA, SOUTHBAY, NEVADA, SACRAMENTO, AND SAN DIEGO: 20 BP AT AUTHORIZATION AND 30 BP AT FUNDING ORANGE COUNTY, IE: TIER 1 $0 - $50M 20BP AT AUTHORIZATION AND 30BP AT FUNDING TIER 2 > $50M 20BP AT AUTHORIZATION AND 55BP AT FUNDING LA: 28 BP AT AUTHORIZATION AND 45 BP AT FUNDING AZ: 8.5 BP AT AUTHORIZATION AND 15 BP AT FUNDING

PART I, LINE 7

THE FOLLOWING OFFICERS RECEIVED NON-FIXED BONUSES APPROVED BY THE BOARD OF DIRECTORS: BARBARA MORRISON, MIKE VANECEK, KURT CHAMBLISS AND GREGG MITCHELL.