2019-09-17T11:43:19-05:00 2018-12-31 133923842 MBAF CPAS LLC 400 COLUMBUS AVE SUITE 50S VALHALLA NY 10595 990 2018-01-01 133154100 LEVITICUS 2523 ALTERNATIVE FUND INC LEVI 9149094498 220 WHITE PLAINS ROAD SUITE 125 TARRYTOWN NY 10591 GREGORY MAHER EXECUTIVE DIRECTOR 9149094498 2019-08-23 1 MARC TAUB P00236664 9147410800 139.194.136.69 2019-08-23 12:17:45 ED P 931FD144836D950546B27D5795367136474FF98E CD71869BFC494223FABD92E93AB0669CE7B22062 2018 2019-02-21 02:37:17Z GREGORY MAHER 220 WHITE PLAINS ROAD SUITE 125 TARRYTOWN NY 10591 3911274 0 X WWW.LEVITICUSFUND.ORG X 1983 NY PROVIDE LOANS TO ORGANIZATIONS FOR THE BENEFIT OF ECONOMICALLY DISADVANTAGED INDIVIDUALS, FAMILIES AND COMMUNITIES. 13 13 10 13 0 0 803438 2086780 1507811 1554614 28482 51137 120398 177951 2460129 3870482 34288 0 0 0 652945 795123 0 0 88458 927166 1181342 1614399 1976465 845730 1894017 32909347 38826344 23565749 27588729 9343598 11237615 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 1607396 1732565 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 2018, OUR LENDING ACTIVITIES INCLUDED THE FOLLOWING CLOSED LOANS: 8 LOANS TOTALING $3,775,049 WHICH PARTIALLY FINANCED 547 UNITS OF AFFORDABLE AND SUPPORTIVE HOUSING; 2 LOANS TOTALING $2,900,000 WHICH PARTIALLY FINANCED EXPANSION OF EXISTING CHARTER PUBLIC SCHOOLS TO SERVE 975 ADDITIONAL STUDENTS; 1 LOAN TOTALING $1,260,000 WHICH SUPPORTED REFINANCING OF EXISTING DEBT FOR A NONPROFIT THAT PROVIDES EMERGENCY FOOD AND SHELTER TO HOMELESS INDIVIDUALS AND FAMILIES; AND 1 LOAN FOR $1,300,000 THAT PARTIALLY FINANCED PROGRAM SPACE EXPANSION FOR AN INNOVATIVE, INCLUSIVE EMPLOYMENT MODEL CALLED OPEN HIRING. 1607396 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 10 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 X GREGORY MAHER 9149094498 220 WHITE PLAINS ROAD SUITE 125 TARRYTOWN NY 10591 SR GERALDINE KENNEDY SECRETARY 0.50 X X 0 0 0 MR JOSEPH REILLY BOARD MEMBER 0.50 X 0 0 0 MS CATHERINE ROWAN PRESIDENT 0.50 X X 0 0 0 MR JUSTIN TOWEY TREASURER 0.50 X X 0 0 0 MR MICHAEL SENA VICE PRESIDENT 0.50 X X 0 0 0 REV JULIUS WALLS BOARD MEMBER 0.50 X 0 0 0 SR PEGGY SCARANO BOARD MEMBER 0.50 X 0 0 0 MR DAN LETENDRE BOARD MEMBER 0.50 X 0 0 0 SR ELLENRITA PURCARO BOARD MEMBER 0.50 X 0 0 0 MS DARLENE ROBINSON BOARD MEMBER 0.50 X 0 0 0 MS BECKY KOCH BOARD MEMBER 0.50 X 0 0 0 MS ELAINE DOVAS BOARD MEMBER 0.50 X 0 0 0 MS ELIZABETH TORRES BOARD MEMBER 0.50 X 0 0 0 MR GREGORY MAHER EXECUTIVE DIRECTOR 40.00 X 185174 0 46440 185174 0 46440 1 0 1 0 0 20210 2066570 5309 2086780 INTEREST PROJECT LOANS 900099 1552739 1552739 NMTC FEES 900099 1875 1875 1554614 51137 51137 40792 20210 40792 0 COMMITMENT/CLOSING FEE 900099 171115 171115 OTHER FEES 900099 6836 6836 177951 3870482 1732565 0 51137 243972 219574 12199 12199 444586 264193 125844 54549 34760 19956 10373 4431 24225 10165 13560 500 47580 32749 10057 4774 3000 3000 40000 40000 137920 125709 12211 22212 14034 6159 2019 39397 23736 12246 3415 47464 29989 13160 4315 13009 8219 3607 1183 15213 3702 11511 559102 559102 2933 2933 3482 3482 PROVISION FOR LOAN LOSS 285819 285819 DUES AND SUBSCRIPTIONS 11791 7449 3269 1073 1976465 1607396 280611 88458 2954268 283456 2098523 6601817 39741 20286 26795515 31292264 11325 10965 82758 79544 4105 3214 807811 387754 499 197560 226588 32909347 38826344 47674 143360 21170 1962052 23338231 25318045 158674 165272 23565749 27588729 X 8194428 9587301 1149170 1650314 9343598 11237615 32909347 38826344 1894017 0 X X 0 1 X 1 1 1 X 1383921 3314603 390881 803438 2086780 7979623 1047477 1305945 1546820 1628209 1732565 7261016 2431398 4620548 1937701 2431647 3819345 15240639 0 0 0 15240639 32536 30520 36011 28482 51137 178686 32536 30520 36011 28482 51137 178686 2463934 4651068 1973712 2460129 3870482 15419325 0.98840 0.98590 0.01160 0.01410 X 60616 57402 3214 22142 22142 0 3214 INTEREST PAYABLE 143786 DEFERRED RENT 21486 165272 X 3870482 0 3870482 0 3870482 1976465 0 1976465 0 1976465 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. THE ORGANIZATION HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAXATION PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE ORGANIZATION FILES INFORMATIONAL RETURNS IN THE FEDERAL JURISDICTION. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE INTERNAL REVENUE SERVICE FOR RETURNS FILED BEFORE 2015. THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. MANAGEMENT BELIEVES THAT ITS TAX-EXEMPT STATUS WOULD BE SUSTAINED UPON EXAMINATION. CELEBRATING 35TH ANNIVERSARY 61002 20210 40792 6160 17402 12887 4343 61002 20210 40792 6160 17402 12887 4343 40792 0 X X 0 0 0 0 0 0 0 0 0 MR GREGORY MAHER EXECUTIVE DIRECTOR 180174 0 5000 0 0 0 27687 0 18753 0 231614 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'S ARE AVAILABLE ON GUIDESTAR.ORG. THE ORGANIZATION'S FORM 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.