2026-05-22T11:26:07-05:00 2025-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2025-01-01 133154100 LEVITICUS 2523 ALTERNATIVE FUND INC LEVI 9149094498 220 WHITE PLAINS ROAD 415 TARRYTOWN NY 10591 GREGORY MAHER EXECUTIVE DIRECTOR 9149094498 2026-05-20 1 CAITLIN LIMOGES CPA P01633588 5083669100 2026-05-20 2025 2025-03-06 01:10:19Z GREGORY MAHER 220 WHITE PLAINS ROAD 415 TARRYTOWN NY 10591 11346687 0 X WWW.LEVITICUSFUND.ORG X 1983 NY THE LEVITICUS 25:23 ALTERNATIVE FUND IS ROOTED IN FAITH AND THE CALL FOR ACCESS TO ECONOMIC IMPROVEMENT. THE FUND PROVIDES FLEXIBLE CAPITAL, EXPERTISE, AND SUPPORT TO PROPEL THE GROWTH OF HEALTHIER COMMUNITIES. LEVITICUS CREATES OPPORTUNITIES FOR VULNERABLE, LOW-INCOME PEOPLE TO THRIVE AND LIVE WITH DIGNITY. 16 15 22 29 0 0 9058626 3037990 6199839 7865008 510080 441203 3838 2486 15772383 11346687 0 0 0 0 2034936 2676729 0 0 140396 3494187 5940274 5529123 8617003 10243260 2729684 136483847 157103270 91800874 109690613 44682973 47412657 X THE LEVITICUS 25:23 ALTERNATIVE FUND IS ROOTED IN FAITH AND THE CALL FOR ACCESS TO ECONOMIC IMPROVEMENT. THE FUND PROVIDES FLEXIBLE CAPITAL, EXPERTISE, AND SUPPORT TO PROPEL THE GROWTH OF HEALTHIER COMMUNITIES. LEVITICUS CREATES OPPORTUNITIES FOR VULNERABLE, LOW-INCOME PEOPLE TO THRIVE AND LIVE WITH DIGNITY. 0 0 7759999 7867494 THE LEVITICUS FUND'S FLEXIBLE CAPITAL AND TECHNICAL ASSISTANCE SUPPORT A RANGE OF COMMUNITY DEVELOPMENT PROJECTS SERVING LOW-INCOME COMMUNITIES, FAMILIES, AND INDIVIDUALS. HIGHLIGHTS OF OUR LENDING IN 2025 INCLUDE:TWENTY-FOUR, OR 73%, OF THE PROJECTS FINANCED WERE AFFORDABLE HOUSING RELATED. SEVEN PROJECTS INVOLVED CHILDCARE CENTERS, HEALTHY FOOD RETAIL, AND COMMUNITY FACILITIES.TOTAL DEVELOPMENT WILL GENERATE 1,925 UNITS OF RENTAL HOUSING, WITH 1,639 UNITS, OR 85%, SERVING LOW-INCOME HOUSEHOLDS (80% AMI), PLUS AN ADDITIONAL 85 TRANSITIONAL UNITS. OF THE 1,925 AFFORDABLE UNITS, 53% ARE DESIGNATED FOR VERY LOW AND EXTREMELY LOW-INCOME FAMILIES AND INDIVIDUALS. SIX HUNDRED AND FIFTY-FIVE UNITS, OR 34%, WILL INCLUDE SUPPORTIVE SERVICES. OF THE 24 HOUSING PROJECTS WE FUNDED, 19, OR 80%, MET A GREEN BUILDING STANDARD OR INVOLVED GREEN BUILDING FEATURES.IN TERMS OF THE COMMUNITIES WE SERVED IN 2025, 22, OR 67%, OF OUR LOANS WERE TO PROJECTS LOCATED IN AREAS OF ECONOMIC DISTRESS WHICH ARE CENSUS TRACTS CHARACTERIZED BY HIGH POVERTY RATES, UNEMPLOYMENT, AND LOW-INCOME LEVELS. NINETEEN, OR 58%, OF OUR LOANS WERE TO PROJECTS LOCATED IN LOW INCOME DISADVANTAGE COMMUNITIES WHICH ARE CENSUS TRACTS THAT FACE A DISPROPORTIONATE BURDEN OF ENVIRONMENTAL AND SOCIAL CHALLENGES OFTEN DUE TO FACTORS SUCH AS POVERTY, LACK OF ACCESS TO RESOURCES, AND EXPOSURE TO ENVIRONMENTAL POLLUTION. 7759999 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREGORY MAHER 9149094498 220 WHITE PLAINS ROAD SUITE 415 TARRYTOWN NY 10591 MR GREGORY MAHER EXECUTIVE DIRECTOR 40.00 X X 302500 0 47833 SR ROSEMARY JEFFRIES RSM BOARD PRESIDENT 0.50 X X 0 0 0 MS DARLENE ROBINSON BOARD VICE PRESIDENT 0.50 X X 0 0 0 MR RONALD ROSADO ABAD BOARD TREASURER 0.50 X X 0 0 0 SR ELLENRITA PURCARO OP BOARD SECRETARY 0.50 X X 0 0 0 SR PEGGY SCARANO OP BOARD MEMBER 0.50 X 0 0 0 MS ELAINE DOVAS BOARD MEMBER 0.50 X 0 0 0 MR DAN LETENDRE BOARD MEMBER 0.50 X 0 0 0 MR JOSEPH REILLY BOARD MEMBER 0.50 X 0 0 0 MS ELIZABETH TORRES BOARD MEMBER 0.50 X 0 0 0 MR JONATHAN HUMMEL BOARD MEMBER 0.50 X 0 0 0 MS MARIA FERREIRA LMSW BOARD MEMBER 0.50 X 0 0 0 MS ARIEL GARCIA BOARD MEMBER 0.50 X 0 0 0 MS MELODY MARAVILLAS BOARD MEMBER 0.50 X 0 0 0 MS JUSTINE MCPHERSON BOARD MEMBER 0.50 X 0 0 0 MR RALPH BUMBACA BOARD MEMBER 0.50 X 0 0 0 MS BECKY KOCH BOARD MEMBER (UNTIL 5/25) 0.50 X 0 0 0 MR JONATHAN VASCONES BOARD MEMBER (UNTIL 12/25) 0.50 X 0 0 0 MR JOSE RIVERA FINANCE DIRECTOR 40.00 X 214583 0 15535 MR KEVIN MCQUEEN DIRECTOR OF LENDING 40.00 X 170333 0 17712 MS SOHAM DHESI SENIOR INVESTMENT OFFICER 40.00 X 166333 0 32690 MR BRIAN GURSKI CHIEF COMPLIANCE & IMPACT OFFICER 40.00 X 143231 0 33763 MR ALEXANDER CANZONE INVESTMENT OFFICER 40.00 X 103333 0 19669 1100313 0 167202 6 0 1 0 0 2285000 752990 20122 3037990 INTEREST, PROJECT LOANS 523000 6984958 6984958 COMMITMENT/CLOSING FEE 523000 880050 880050 7865008 441203 441203 OTHER FEES 900099 2486 2486 2486 11346687 7867494 0 441203 580451 395840 167094 17517 1659999 1286892 278266 94841 135674 103624 24446 7604 144535 116908 26703 924 156070 116679 31411 7980 62500 62500 314960 243157 71803 44634 44634 152184 137787 10754 3643 194902 151557 35639 7706 23934 23934 32863 28747 4116 2820169 2820169 NET LOAN LOSS PROVISION 1891754 1891754 MISCELLANEOUS 387100 383043 3876 181 DUES AND SUBSCRIPTIONS 15274 15274 8617003 7759999 716608 140396 2103419 12616533 29068974 4570189 15063 2488 122000 121667 96176 101578 152600 105888 47853 46712 103407093 137949483 1623269 1694620 136483847 157103270 233260 357422 18438 6000000 6000000 84466470 102304075 1101144 1010678 91800874 109690613 X 33319094 38580342 11363879 8832315 44682973 47412657 136483847 157103270 2729684 0 X X 0 1 X 1 1 1 X 2802350 5513123 4896742 9058626 3037990 25308831 3474657 3963716 4553910 6199839 7865008 26057130 6277007 9476839 9450652 15258465 10902998 51365961 0 858746 1011426 1365498 650943 691374 4577987 858746 1011426 1365498 650943 691374 4577987 46787974 32353 45609 339876 510080 441203 1369121 32353 45609 339876 510080 441203 1369121 4762 117125 3838 2486 128211 6314122 9522448 9907653 15772383 11346687 52863293 0.88510 0.88590 0.02590 0.02030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 4,762. 2023 AMOUNT: $ 117,125. 2024 AMOUNT: $ 3,838. 2025 AMOUNT: $ 2,486. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1397415 184900 1582315 1397415 1397415 1.00000 0 0 67445 37926 29519 85155 67962 17193 46712 NOTES RECEIVABLE 137949483 C 137949483 INTEREST PAYABLE 251777 LEASE LIABILITY - OPERATING 758901 1010678 X 11994179 647492 647492 11346687 0 11346687 9264495 647492 647492 8617003 0 8617003 PART V, LINE 4: THE LEGACY FUND WAS ESTABLISHED, WITH THE PROVISIONS THAT AMOUNTS DONATED TO THE LEGACY FUND (1) WILL BE DESIGNATED AS PERMANENTLY RESTRICTED FUNDS TO BE USED TO FUND THE ORGANIZATION'S GENERAL LENDING, (2) WILL NOT BE USED TO PAY OPERATING EXPENSES, AND (3) MAY BE USED TO COVER ACTUAL LENDING LOSSES INCURRED BY THE ORGANIZATION. MEMBERS WHO DONATE ALL THEIR SUBVENTION INVESTMENTS WILL REMAIN A MEMBER OF THE ORGANIZATION IN PERPETUITY. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2025. X X 0 0 0 0 0 0 0 1 0 MR GREGORY MAHER EXECUTIVE DIRECTOR 272500 0 30000 0 0 0 27250 0 20583 0 350333 0 0 0 MR JOSE RIVERA FINANCE DIRECTOR 194583 0 20000 0 0 0 14594 0 941 0 230118 0 0 0 MS SOHAM DHESI SENIOR INVESTMENT OFFICER 151333 0 15000 0 0 0 12107 0 20583 0 199023 0 0 0 MR KEVIN MCQUEEN DIRECTOR OF LENDING 158333 0 12000 0 0 0 12667 0 5045 0 188045 0 0 0 MR BRIAN GURSKI CHIEF COMPLIANCE & IMPACT OFFICER 143231 0 0 0 0 0 4750 0 29013 0 176994 0 0 0 PART I, LINE 7 ANNUALLY, THE BOARD OF DIRECTORS GIVES THE EXECUTIVE DIRECTOR A NOT TO EXCEED" AMOUNT FOR BONUSES. THE EXECUTIVE DIRECTOR THEN ALLOCATES BONUSES. BONUS AMOUNTS ARE NOT FIXED NOR ARE THEY BASED ON SALARY OR SENIORITY. DARLENE ROBINSON BOARD MEMBER LOAN CAPITAL X 5000 5000 0 1 1 JONATHAN HUMMEL BOARD MEMBER LOAN CAPITAL X 13438 13438 0 1 1 18438 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ELECT THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AT THE FIRST BOARD MEETING OF THE YEAR, ALL BOARD MEMBERS COMPLETE, SIGN AND SUBMIT A CONFLICT OF INTEREST STATEMENT. THE STATEMENT OUTLINES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND REQUIRES BOARD MEMBERS TO STATE IN WRITING ALL KNOWN CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION PERIODICALLY REVIEWS SALARIES FOR ALL OFFICER AND KEY EMPLOYEE POSITIONS, INCLUDING THE EXECUTIVE DIRECTOR POSITION. SALARIES ARE COMPARED TO COMPARABLE POSITIONS IN OTHER CHARITABLE ORGANIZATIONS, INCLUDING THOSE IN THE ORGANIZATION'S SECTOR, USING DATA FROM SALARY REVIEWS CONDUCTED BY THIRD PARTY ORGANIZATIONS. THE COMPARATIVE FINDINGS ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR DISCUSSION AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.