TMC Community Capital
TMC Community Capital is a public charity based in San Jose, California. It is a nonprofit microlender that provides financing and business resources to underserved entrepreneurs and small businesses in California, with an emphasis on women-owned, low-income, and under-resourced businesses.
TMC Community Capital at a glance
- Total assets
- $7,665,552
- +28.9% vs 2024
- Revenue (2025)
- $5,499,285
- +92.6% vs 2024
- Expenses (2025)
- $4,699,113
- +84.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to TMC Community Capital
- Contact
Mailing address: 44 South 1St Street, San Jose, CA 95113
Phone: (415) 655-5419
Website: https://tmccommunitycapital.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who TMC Community Capital funds
How this funder distributes its grants
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 43 grants of 44 (98%).
Geographic Focus
Where this funder awards grants
TMC Community Capital states that it serves businesses throughout California. Its Small Business, Big Heart program was limited to eligible businesses in Oakland, Los Angeles, and San Francisco.
Grant Distribution by State
States
Cities
How TMC Community Capital gives
- Giving fell 57% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $160K (2023) to $448K (2021). In 2023 it made 1 grant totaling $160K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Kitchen Terminal Inc Redondo Beach, CA | General Support | $160,000 |
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Financial History
Multi-year comparison from IRS filings
The organization states on its 2024 filing that it was formed in 2018.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $7,665,552 | $5,499,285 | $4,699,113 | — | — |
| 2024 | $5,947,225 | $2,855,414 | $2,551,404 | — | — |
| 2023 | $5,301,238 | $2,351,825 | $1,933,917 | $160,000 | 1 |
| 2022 | $2,921,286 | $1,206,091 | $1,101,419 | — | — |
| 2021 | $1,020,853 | $1,405,015 | $1,129,124 | $448,234 | 43 |
| 2020 | $417,546 | $1,057,232 | $1,028,026 | $369,780 | 41 |
| 2019 | $104,554 | $155,000 | $44,711 | — | — |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
TMC Community Capital states that its mission is to assist underserved California entrepreneurs with access to capital, technical assistance, and resources to start and grow businesses. It describes supporting microenterprise growth as a way to strengthen local economies, create jobs, and build strong communities.
Its microloan program focuses on businesses typically underserved by traditional lending, including women-owned and minority-owned businesses and businesses in low-income communities. The organization also provides outreach, intake assessment, resource navigation, and referrals when additional support is needed. Its website lists loan products from $5,000 to $50,000 and describes eligibility for for-profit California businesses that have operated and generated revenue for at least 12 months. It states there is no minimum FICO score and that ITINs are accepted.
Grantmaking
The IRS filing data lists one grant totaling $160,000 in 2023. It lists no grants in 2024 or 2025. The available information does not identify the 2023 recipient, a typical grant size, or a current process for outside grant applicants.
TMC Community Capital’s website describes two past grant programs. In summer 2020, its Small Business, Big Heart program awarded grants to 184 small businesses, with funding from Signature Bank and TMC Financing. The program offered grants of up to $10,000 to eligible businesses in Oakland, Los Angeles, and San Francisco; applications are closed. Its California Small Business COVID-19 Relief Grant Program is also closed.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 IRS filing lists Mark Herbert as chair; Jermaine McMihelk as secretary; Joyce Sloss, Darcy Mackey, Jing Cao, Norma Dunn, and Kelly LaRocca as directors; Daniel Fernandez as CEO; Benjamin Mendoza as lead underwriter; and Francisco Alvarez as director of loan operations.
TMC Community Capital is led by Daniel Fernandez, CEO since 2025 (on filings since 2022); 6 of 13 officers listed in 2025 are compensated.
Officers on the 2025 filing
Daniel Fernandez
CEO
President & CEO → CEO, 2025
On filings since 2022
40 hrs/week
$116K (2023) → $259K (2025)
Mark Herbert
Chair
Director → Chair, 2023
On filings since 2020
1 hr/week
No compensation reported
Hanna Leen
Director of Finance
Program Director → Director of Finance, 2025
On filings since 2023
40 hrs/week
$106K (2023) → $129K (2025)
Mayra Contreras Lopez
Director of Partnerships
On filings since 2023
40 hrs/week
$101K (2023) → $135K (2025)
Francisco Alvarez
Director of Loan Operations
New on the 2025 filing
40 hrs/week
$135K (2025)
Joyce Sloss
Director
On filings since 2020
1 hr/week
No compensation reported
Kelly Larocca
Director
On filings since 2020
1 hr/week
No compensation reported
Jing Cao
Director
Director → Secretary, 2023
Secretary → Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Darcy Mackey
Director
On filings since 2023
1 hr/week
No compensation reported
Norma Dunn
Director
On filings since 2024
1 hr/week
No compensation reported
Benjamin Mendoza
Lead Underwriter
New on the 2025 filing
40 hrs/week
$103K (2025)
Ryan Doria
Data Analyst
New on the 2025 filing
40 hrs/week
$105K (2025)
Jermaine McMihelk
Secretary
Director → Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (18)
- Former: Barabara Morrison (2019–2024) — Director
- Former: Michael Vanecek (2019–2024) — CFO
- Former: Mona Ahmadi (2020–2024) — Director
- Former: Paula Bahamon (2024) — Director
- Former: Vasana Ly (2024) — Program Director
- Former: Heather Cameron (2019–2023) — Director
- Former: Tamisie Honey (2019–2023) — Director
- Former: Michelle Svelti (2020–2023) — Director
- Former: Scott Rogalski (2020–2023) — Director
- Former: Joe Skowera (2021–2023) — Director
- Former: Armando Carmona (2023) — Director
- Former: Lindsy Carpenter (2020–2022) — Secretary
- Former: Marquita Jeffress (2020–2022) — Director
- Former: Ingrid Marthy (2021–2022) — Director
- Former: Ingrid Marielos-Marthy (2020) — Director
- Former: Joseph Skowera (2020) — Treasurer
- Former: Tamisie Vrolyk (2020) — Director
- Former: Lacy Lang (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $259K, to Daniel Fernandez (CEO). 6 officers or directors reported compensation on that filing.
Frequently asked questions about TMC Community Capital
How large is TMC Community Capital?
TMC Community Capital reported $7.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.5M.
What does TMC Community Capital fund?
TMC Community Capital states that its mission is to assist underserved California entrepreneurs with access to capital, technical assistance, and resources to start and grow businesses. See mission & focus areas ↑
How do I apply for a grant from TMC Community Capital?
TMC Community Capital has no public application process in the sources Grantable reviewed. Check tmccommunitycapital.org for current guidelines, or contact the foundation directly before submitting a request.
Where does TMC Community Capital make grants?
TMC Community Capital states that it serves businesses throughout California. Its Small Business, Big Heart program was limited to eligible businesses in Oakland, Los Angeles, and San Francisco.
What is TMC Community Capital's EIN?
TMC Community Capital's EIN (Employer Identification Number) is 82-5204018. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS June 7, 2021)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 28, 2024)
- Added Form 990-EZ for fiscal year 2019 (received by the IRS February 11, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS August 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work TMC Community Capital funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in TMC Community Capital's focus areas in our free grants database
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Figures come from TMC Community Capital's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
TMC Community Capital down — hundreds of funders to go?