2020-06-12T14:43:14-05:00 2019-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2019-01-01 133154100 LEVITICUS 2523 ALTERNATIVE FUND INC LEVI 9149094498 220 WHITE PLAINS ROAD NO 125 TARRYTOWN NY 10591 GREGORY MAHER EXECUTIVE DIRECTOR 9149094498 2020-06-12 1 THOMAS WASHBURN CPA P00537319 5083669100 2020-06-12 40.70.31.102 2020-06-12 14:25:12 ED P 2DDD31951ED2AB8CB25029F66ABAED5153B45454 2DDD31951ED2AB8CB25029F66ABAED5153B45454 2019 2020-09-23 17:36:50Z GREGORY MAHER 220 WHITE PLAINS ROAD NO 125 TARRYTOWN NY 10591 4774110 0 X WWW.LEVITICUSFUND.ORG X 1983 NY PROVIDE LOANS TO ORGANIZATIONS FOR THE BENEFIT OF ECONOMICALLY DISADVANTAGED INDIVIDUALS, FAMILIES AND COMMUNITIES. 13 13 9 13 0 0 2086780 2374205 1554614 2311501 51137 85008 177951 3396 3870482 4774110 0 0 0 0 795123 812601 0 0 13443 1181342 1837436 1976465 2650037 1894017 2124073 38826344 48568400 27588729 35206712 11237615 13361688 X THE LEVITICUS FUND IS MOTIVATED BY FAITH AND FOUNDED ON THE BIBLICAL VERSE OF LEVITICUS 25:23 AND ITS CALL FOR JUSTICE IN THE STEWARDSHIP OF ECONOMIC RESOURCES. THE FUND SUPPORTS TRANSFORMATIVE SOLUTIONS THAT SERVE LOW-INCOME AND VULNERABLE PEOPLE BY COMBINING FLEXIBLE CAPITAL FROM SOCIAL IMPACT INVESTORS AND CONTRIBUTORS WITH KNOWLEDGE-SHARING TO CREATE SUSTAINABLE AND AFFORDABLE COMMUNITIES. 0 0 2356365 2314897 THE LEVITICUS FUND'S FLEXIBLE CAPITAL AND TECHNICAL ASSISTANCE SUPPORTS A RANGE OF COMMUNITY DEVELOPMENT PROJECTS SERVING LOW-INCOME COMMUNITIES AND LOW-INCOME INDIVIDUALS AND FAMILIES. IN 2019, OUR LENDING ACTIVITIES INCLUDED THE FOLLOWING CLOSED LOANS: 13 LOANS TOTALING $16,742,953 WHICH PARTIALLY FINANCED 1,385 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING; 1 LOAN TOTALING $1,300,000 WHICH PARTIALLY FINANCED A START-UP CHARTER PUBLIC SCHOOL SERVING 90 AT-RISK STUDENTS; 1 LOAN TOTALING $359,000 THAT PARTIALLY FINANCED ACQUISITION AND BUILD-OUT OF A NEW HEAD START EARLY EDUCATION FACILITY SERVING 50 LOW-INCOME CHILDREN; 1 LOAN TOTALING $113,829 WHICH SUPPORTED REFINANCING OF EXISTING DEBT FOR A NONPROFIT THAT OFFERS MUSIC EDUCATION AND MUSIC THERAPY TO OVER 6,000 STUDENTS, THE MAJORITY LIVING AT OR BELOW POVERTY; AND 1 LOAN FOR $85,000 THAT PARTIALLY FINANCED THE BUILD-OUT OF A CAFETERIA PROVIDING CULINARY SKILLS TRAINING FOR INDIVIDUALS ON PUBLIC ASSISTANCE. IN 2019, LEVITICUS ALSO COMPLETED A COMPREHENSIVE HOUSING NEEDS RESEARCH REPORT FOR THE CITY OF YONKERS, IN NEW YORK. THE REPORT, PREPARED FOR THE BENEFIT OF ALL YONKERS RESIDENTS, STAKEHOLDER ORGANIZATIONS SERVING THE CITY, AND THE CITY GOVERNMENT, OFFERS POLICY RECOMMENDATIONS TAILORED FOR YONKERS. THE PLAN WILL BE A TOUCHSTONE THAT WILL HELP ACHIEVE, OVER TIME, MORE EQUITABLE AND INCLUSIVE HOUSING CHOICES FOR INDIVIDUALS AND FAMILIES OF ALL INCOMES LIVING IN YONKERS. 2356365 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 51 0 1 9 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 NY X GREGORY MAHER 9149094498 220 WHITE PLAINS ROAD SUITE 125 TARRYTOWN NY 10591 MS CATHY ROWAN BOARD PRESIDENT (UNTIL 5/2019) 0.50 X X 0 0 0 SR ROSEMARY JEFFRIES RSM BOARD PRESIDENT (AS OF 6/2019) 0.50 X X 0 0 0 MR MICHAEL SENA BOARD VICE PRESIDENT 0.50 X X 0 0 0 MR JUSTIN TOWEY BOARD TREASURER (UNTIL 5/2019) 0.50 X X 0 0 0 MS TONI PALAMAR BOARD TREASURER (AS OF 6/2019) 0.50 X X 0 0 0 SR GERALDINE A KENNEDY OSU BOARD SECRETARY (UNTIL 5/2019) 0.50 X X 0 0 0 SR ELLENRITA PURCARO OP BOARD SECRETARY (AS OF 6/2019) 0.50 X 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 DARLENE ROBINSON BOARD MEMBER 0.50 X 0 0 0 SR PEGGY SCARANO OP BOARD MEMBER 0.50 X 0 0 0 MS ELIZABETH TORRES BOARD MEMBER 0.50 X 0 0 0 REV JULIUS WALLS BOARD MEMBER 0.50 X 0 0 0 MR JONATHAN HUMMEL BOARD MEMBER 0.50 X 0 0 0 MR GREGORY MAHER EXECUTIVE DIRECTOR 40.00 X 191591 0 42848 MR JOSE RIVERA FINANCE DIRECTOR 40.00 X 108113 0 17543 299704 0 60391 1 0 1 0 0 1923420 450785 2374205 INTEREST, PROJECT LOAN 523000 2108959 2108959 COMMITMENT/CLOSING FEE 900099 202542 202542 2311501 85008 85008 OTHER FEES 900099 3396 3396 3396 4774110 2314897 0 85008 360095 222718 131516 5861 346996 318280 23619 5097 26441 24925 1098 418 27038 21419 5297 322 52031 40228 11006 797 6295 6295 41197 41197 123827 108253 15574 26539 19335 7014 190 35997 26226 9514 257 48696 35478 12870 348 9641 7024 2548 69 6612 1487 5125 727272 727272 2034 2034 PROVISION FOR LOAN LOSS 788842 788842 MISCELLANEOUS 10716 1467 9235 14 DUES AND SUBSCRIPTIONS 9768 7116 2582 70 2650037 2356365 280229 13443 283456 1397778 6601817 4120901 20286 7115 124 10965 10445 82758 81578 3214 1180 387754 31292264 42774683 226588 256174 38826344 48568400 143360 59572 1962052 44267 25318045 34937646 165272 165227 27588729 35206712 X 9587301 10333903 1650314 3027785 11237615 13361688 38826344 48568400 2124073 0 X X 0 1 X 1 1 1 X 3314603 390881 803438 2086780 2374205 8969907 1305945 1498063 1625245 1725729 2311501 8466483 4620548 1888944 2428683 3812509 4685706 17436390 508118 215962 500000 100000 1324080 200272 661114 688398 532063 561798 2643645 708390 877076 1188398 532063 661798 3967725 13468665 30520 36011 28482 51137 85008 231158 30520 36011 28482 51137 85008 231158 48757 2964 6836 3396 61953 4651068 1973712 2460129 3870482 4774110 17729501 0.75970 0.98040 0.01300 0.01160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31300 31300 0 51458 50278 1180 1180 NOTES RECEIVABLE 42774683 C 42774683 INTEREST PAYABLE 144377 DEFERRED RENT 20850 165227 X 4910960 136850 136850 4774110 0 4774110 2786887 136850 136850 2650037 0 2650037 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, 2019. X X 0 0 0 0 0 0 0 0 0 MR GREGORY MAHER EXECUTIVE DIRECTOR 181591 0 10000 0 0 0 19159 0 23689 0 234439 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.