2023-04-17T20:04:05-05:00 2022-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-01-01 133154100 LEVITICUS 2523 ALTERNATIVE FUND INC LEVI 9149094498 220 WHITE PLAINS ROAD 125 TARRYTOWN NY 10591 GREGORY MAHER EXECUTIVE DIRECTOR 9149094498 2023-04-17 1 GREGORY MAHER XXX-XX-XXXX 1 JUSTIN K LEROUX CPA P01722988 5083669100 2023-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGORY MAHER 220 WHITE PLAINS ROAD 125 TARRYTOWN NY 10591 9522448 0 X WWW.LEVITICUSFUND.ORG X 1983 NY THE LEVITICUS 25:23 ALTERNATIVE FUND IS ROOTED IN FAITH AND THE CALL FOR ECONOMIC JUSTICE. THE FUND PROVIDES FLEXIBLE CAPITAL, EXPERTISE, AND ADVOCACY TO PROPEL THE GROWTH OF MORE EQUITABLE COMMUNITIES. LEVITICUS CREATES OPPORTUNITIES FOR VULNERABLE, LOW-INCOME PEOPLE ESPECIALLY THOSE HARMED BY SYSTEMIC RACIAL AND ETHNIC DISCRIMINATION TO THRIVE AND LIVE WITH DIGNITY. 13 13 13 22 0 0 2802350 5513123 3474657 3963716 32353 45609 4762 0 6314122 9522448 0 0 0 0 1112043 1410277 0 0 144960 2216468 2272150 3328511 3682427 2985611 5840021 67729825 78088191 47681395 52199740 20048430 25888451 X THE LEVITICUS 25:23 ALTERNATIVE FUND IS ROOTED IN FAITH AND THE CALL FOR ECONOMIC JUSTICE. THE FUND PROVIDES FLEXIBLE CAPITAL, EXPERTISE, AND ADVOCACY TO PROPEL THE GROWTH OF MORE EQUITABLE COMMUNITIES. LEVITICUS CREATES OPPORTUNITIES FOR VULNERABLE, LOW-INCOME PEOPLE ESPECIALLY THOSE HARMED BY SYSTEMIC RACIAL AND ETHNIC DISCRIMINATION TO THRIVE AND LIVE WITH DIGNITY. 0 0 3192003 3963716 THE LEVITICUS FUND'S FLEXIBLE CAPITAL AND TECHNICAL ASSISTANCE SUPPORT A RANGE OF COMMUNITY DEVELOPMENT PROJECTS SERVING LOW-INCOME COMMUNITIES AND LOW-INCOME INDIVIDUALS AND FAMILIES. IN 2022, OUR LENDING ACTIVITIES INCLUDED THE FOLLOWING CLOSED LOANS:10 LOANS TOTALING $20,124,567, WHICH PARTIALLY FINANCED ALMOST 1,000 HOUSING UNITS, INCLUDING 924 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING, PLUS A 95-BED TRANSITIONAL SHELTER; 2 LOANS TOTALING $4,000,000, WHICH PROVIDED WORKING CAPITAL FINANCING TO TWO SOCIAL SERVICE AGENCIES SERVING AT-RISK INDIVIDUALS AND FAMILIES;1 LOAN FOR $1,500,000 WHICH PARTIALLY FINANCED CONSTRUCTION OF A NEW 63,000 SF CHARTER PUBLIC SCHOOL THAT WILL SERVE 675 STUDENTS ON A CENTRAL CAMPUS, ADDING 165 NEW EDUCATIONAL SEATS TO THE EXISTING STUDENT POPULATION. 3192003 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 50 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 125 TARRYTOWN NY 10591 MR GREGORY MAHER EXECUTIVE DIRECTOR 40.00 X 235612 0 51922 MR KEVIN MCQUEEN DIRECTOR OF LENDING 40.00 X 144000 0 29775 MR JOSE RIVERA FINANCE DIRECTOR 40.00 X 156617 0 16322 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 (AS OF 5/2022) 0.50 X X 0 0 0 SR ELLENRITA PURCARO OP BOARD SECRETARY 0.50 X X 0 0 0 MS TONI PALAMAR BOARD TREASURER (UNTIL 5/2022) 0.50 X X 0 0 0 MS SHONA ST ANGELO BOARD MEMBER 0.50 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 MS BECKY KOCH 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 MR JONATHAN VAZCONES BOARD MEMBER (AS OF 5/2022) 0.50 X 0 0 0 REV JULIUS WALLS BOARD MEMBER (UNTIL 5/2022) 0.50 X 0 0 0 536229 0 98019 3 0 1 0 0 4625807 887316 5513123 INTEREST, PROJECT LOAN 523000 3525318 3525318 COMMITMENT/CLOSING FEE 523000 438398 438398 3963716 45609 45609 9522448 3963716 0 45609 461572 319998 127170 14404 746341 568670 96712 80959 58503 44742 7039 6722 64226 57502 5357 1367 79635 58432 14721 6482 9656 9656 44000 44000 126118 110018 6100 10000 40095 27207 6874 6014 65007 44112 11144 9751 48501 37714 5753 5034 11621 7886 1992 1743 8869 7465 709 695 971548 971548 NET LOAN LOSS PROVISION 918963 918963 MISCELLANEOUS 19066 2182 16401 483 DUES AND SUBSCRIPTIONS 8706 5908 1492 1306 3682427 3192003 345464 144960 915743 829630 10487944 6251005 38680 25910 36971 63548 82758 82758 0 0 55870390 70246508 380097 671590 67729825 78088191 71129 296977 83432 47300324 51687045 226510 215718 47681395 52199740 X 16579475 17632876 3468955 8255575 20048430 25888451 67729825 78088191 5840021 0 X X 0 1 X 1 1 1 X 2086780 2374205 3671710 2802350 5513123 16448168 1725729 2311501 2901603 3474657 3963716 14377206 3812509 4685706 6573313 6277007 9476839 30825374 100000 100000 532063 561798 501201 858746 1011426 3465234 532063 661798 501201 858746 1011426 3565234 27260140 51137 85008 48949 32353 45609 263056 51137 85008 48949 32353 45609 263056 6836 3396 3987 4762 18981 3870482 4774110 6626249 6314122 9522448 31107411 0.87630 0.83320 0.00850 0.01020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31300 31300 0 51458 51458 0 0 NOTES RECEIVABLE 70246508 C 70246508 INTEREST PAYABLE 215718 215718 X 10052869 530421 530421 9522448 0 9522448 4212848 530421 530421 3682427 0 3682427 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, 2022. X X 0 0 0 0 0 0 0 0 0 MR GREGORY MAHER EXECUTIVE DIRECTOR 220612 0 15000 0 0 0 23616 0 28306 0 287534 0 0 0 MR KEVIN MCQUEEN DIRECTOR OF LENDING 143000 0 1000 0 0 0 14400 0 15375 0 173775 0 0 0 MR JOSE RIVERA FINANCE DIRECTOR 148617 0 8000 0 0 0 14966 0 1356 0 172939 0 0 0 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.