2019 Annual Report

Partners and Financial Summary

2019 Community Lending

Chestnut Commons
MHANY Management, Inc.   |  Brooklyn, NY
$1,000,000 predevelopment loan
274 new affordable/supportive housing units 

This mixed-use development was one of six financed with Project Start Fund capital. It will transform a brownfield site into permanently affordable apartments for low- and extremely low-income residents, with a focus on family-sized units and housing for the homeless. The project also offers a 33,540 SF community center and commercial space for a grocery store, pharmacy and bank. 

Mill Street Café
RECAP, Inc.   |  Middletown, NY
$85,000 permanent loan
1 economic development project supported

The Mill Street Café is one of three job readiness training programs operated by RECAP to provide marketable skills for individuals on public assistance. Leviticus’ loan supported the build-out of the 1,200 SF café, which is connected to a 42-unit workforce housing development that we financed in 2014. 

Brooklyn Conservatory of Music
Brooklyn, NY
$113,829 permanent loan, 1 nonprofit supported

The Conservatory used this loan to refinance and lower costs on existing debt, directing the annual savings to increase program capacity for music education and music therapy programs that each year serve over 6,000 primarily low-income students in New York City.

Boone Avenue
The Bridge, Inc.    |  Bronx, NY
$3,135,000 acquisition loan, 64 affordable/supportive housing units

Serving over 2,700 special need New Yorkers each year, the Bridge used this Project Start Fund loan to purchase land to construct 64 studio apartments for very low-income seniors and homeless adults with serious mental illness. The project incorporates energy-saving features, a community room and private backyard for residents, plus onsite supportive services.

Pitkin Avenue
Concern for Independent Living   |  Brooklyn, NY
$3,400,000 acquisition loan
52 affordable/supportive housing units 

Concern operates over 1,200 supportive housing units on Long Island, Brooklyn and the Bronx. It used this Project Start Fund loan to purchase land to develop a seven-story, mixed-use building to serve formerly homeless adults with psychiatric disabilities and low-income seniors earning around $41,000 a year. 

Poestenkill Place
The Community Builders (TCB)   |  Troy, NY
$1,159,031 acquisition and predevelopment loan
75 affordable/supportive housing units 

This Project Start Fund loan supported local efforts to convert an industrial site into residential use, while addressing the area’s need for mixed income and special needs housing. About half of the units will serve extremely low-income households and include onsite supportive services; the remaining units will be a mix of affordable apartments, with seven at market-rate.  

Brittany Terrace Manufactured Home Community
Rock Tavern, NY
$1,035,549 permanent loan, 87 senior homes preserved 

Westbury Homeowners Association
Colchester, VT
$1,507,983 permanent loan, 250 homes preserved 

Since 2008, Leviticus has been a co-lender with ROC USA Capital on 10 loans to help manufactured homeowners preserve the affordability of their communities. In 2019, residents in Brittany Terrace and Westbury organized and created governance structures that set the pathway for financing to purchase the properties. Brittany Terrace is a senior-only community and 50% of the residents are very low-income. Westbury has no age restrictions and 82% of the residents are low-income. Both communities have very stable tenancy, with close to half of the residents in their homes for over 10 years. 

Beach 21st Street
The Community Builders (TCB)   |  Queens, NY
$500,000 predevelopment loan, 224 affordable housing units

TCB returned to Leviticus for a second loan on this mixed-use residential and commercial project, which is an anchor in a master revitalization plan for downtown Far Rockaway. Leviticus’ loan covered additional predevelopment costs largely tied to environmental cleanup of underground contaminants from prior commercial uses at the site. 

Joint Ownership Entity NYC & RiseBoro 
Brooklyn, NY
$430,000 construction/permanent loan
18 housing units preserved 

With this Project Start Fund loan, renovations and energy saving upgrades are underway for two 1930-era apartment buildings that provide affordable housing for low-income tenants. The upgrades will improve operational viability, while maintaining affordability for these Bushwick tenants in one of New York’s fastest gentrifying neighborhoods. 

Kirkland Hotel
RUPCO, Inc.    |  Kingston, NY
$680,000 permanent loan, 8 housing units and nonprofit offices supported

This is Leviticus’ third loan to RUPCO, a recognized community development leader in New York’s Hudson Valley with expertise in historic building restoration. Our loan refinanced existing debt on the historic Kirkland Hotel, a mixed-use building providing office space for RUPCO and another nonprofit, plus eight apartments that include affordable units. 

811 Lexington Avenue
IMPACCT Brooklyn   |  Brooklyn, NY
$300,000 predevelopment loan, 63 affordable senior housing units

This is our second Project Start Fund loan for this project, which sought additional financing to cover unforeseen expenses for project design changes and environmental remediation. This senior-only development will slightly increase its units from 60 to 63 affordable studios for low- and very low-income seniors, including those at risk of homelessness. 


Financial Statements for the Years Ended December 31, 2019 and 2018




The Leviticus Fund welcomes donations of any size, which increase our lending capacity and allow our donors to give back to the communities where they live and work.

Learn More About Giving to Leviticus Fund


  • Jonathan Beard & Rachel Theilheimer 
  • Lisa & Dick Cashin 
  • Joan Correia, OP
  • Peter Crippen 
  • Bernadette Cronin-Geller 
  • Salvatore & Bernadette Del Bene
  • Josh Eisen 
  • Jonathan Hummel & Joanna Edwards 
  • Carole Kakos 
  • Becky Koch
  • Maureen & Vincent La Piana
  • Dan Letendre 
  • Francis Lewis 
  • Shawn Luther 
  • Andrew & Shun-an Maher
  • John Maher 
  • Leonora Maher, in memory: Ronald W. Collins, Fred Haedrich,  Jack Keegan, Sr. Maureen Keegan, Joyce McCarthy, and Dr. James B. Tormey, Jr. 

  • Sue Ellen & Greg Maher 
  • Robert & Mary Jean McCarthy 
  • Julia McGee 
  • Richard Gabriel Moran 
  • Kathy Murnion 
  • John & Mary Beth Powers 
  • Ellenrita Purcaro, OP
  • David Raynor 
  • Margaret Raynor
  • Cathy & Tom Rowan 
  • Stephen Sagner 
  • Peggy Scarano, OP
  • Donald & Mary Jane Smith, in honor: Leonora Maher 
  • TisBest Philanthropy – Mary Beth Powers 
  • Richard & Charline Watts 
  • Webster Bank, in honor:  Peter Mosbacher
  • Marilyn Wright
  • John & Linda Young 


  • Apple Bank for Savings 
  • BNY Mellon 
  • Capital One 
  • Charities Aid Foundation of America 
  • Deutsche Bank AG 
  • HSBC Bank USA, N.A.
  • JPMorgan Chase Foundation
  • M&T Charitable Foundation 
  • Morgan Stanley 
  • MUFG Union Bank Foundation
  • New York Community Bank 
  • People’s United Community Foundation

  •  PNC Foundation
  • Ridgewood Savings Bank 
  • Santander Bank, N.A.
  • Signature Bank 
  • Sisters of the Good Shepherd 
  • Sterling National Bank Charitable Foundation 
  • TD Charitable Foundation 
  • Ursuline Sisters of the Roman Union, Eastern Province 
  • Webster Bank 
  • Wells Fargo 


The Leviticus Fund’s investors receive a reliable financial return on their investments while supporting our mission of economic stewardship and empowering us to finance more high-impact projects in low-income communities.

Learn About Investing in Leviticus Fund


  • Albany Area Housing Opportunities, Albany, NY
  • Brothers of the Christian Schools, Eatontown, NJ
  • Augustinians of the Province of St. Thomas of Villanova, Villanova, PA
  • Catholic Biblical Association, Washington, DC
  • Church of St. Raymond, Bronx, NY
  • Congregation of Holy Cross, Moreau Province, Austin, TX
  • Congregation of Infant Jesus, Rockville Centre, NY*
  • Congregation of Notre Dame, Wilton, CT*
  • Congregation of the Blessed Sacrament, Cleveland, OH
  • Crusade for Family Prayer, North Easton, MA
  • Daughters of Divine Charity, Staten Island, NY
  • Daughters of the Holy Spirit, Putnam, CT
  • Daughters of Wisdom, Islip, NY
  • Discalced Carmelite Nuns, Beacon, NY
  • Dominican Fathers & Brothers, Province of St. Joseph, NY
  • Dominican Sisters of Hope, Ossining, NY *
  • Dominican Sisters of Peace, Columbus, OH 
  • Dominican Sisters of Sparkill, NY
  • Felician Sisters of North America, Beaver Falls, PA 
  • Franciscan Brothers of Brooklyn, NY
  • Franciscan Sisters of Allegany, St. Bonaventure, NY
  • Franciscan Sisters of Peace, Haverstraw, NY
  • Franciscan Sisters of Peekskill, NY
  • Franciscan Sisters of the Atonement, Garrison, NY
  • Georgian Court University, Lakewood, NJ
  • Leadership Conference of Women Religious, Region 2, NY
  • Marist Brothers of the Schools, Forest Hills, NY
  • Maryknoll Fathers and Brothers, Ossining, NY
  • Maryknoll Sisters, Ossining, NY
  • Mercy Investment Services Inc., St. Louis, MO* 
  • Missionary Sisters of the Immaculate Heart of Mary, Penitas, TX
  • Montfort Missionaries, Bay Shore, NY
  • Paulist Fathers, New York, NY
  • Province of St. Mary of the Capuchin Order, White Plains, NY
  • Redemptoristine Nuns, Beacon, NY
  • Religious of the Sacred Heart of Mary, Tarrytown, NY
  • Salesian Society, Province of St. Philip the Apostle, New Rochelle, NY*
  • School Sisters of Notre Dame Atlantic-Midwest Province, Baltimore, MD
  • School Sisters of St. Francis, Milwaukee, WI
  • Sisters of Charity of Halifax, Nova Scotia, Canada
  • Sisters of Charity of New York, Bronx, NY
  • Sisters of Charity of the Blessed Virgin Mary, Dubuque, IA
  • Sisters of Mary Reparatrix, Allen Park, MI
  • Sisters of Our Lady of Christian Doctrine, Nyack, NY
  • Sisters of St. Dominic, Blauvelt, NY 
  • Sisters of St. Dominic, Caldwell, NY
  • Sisters of St. Francis of Philadelphia, Aston, PA
  • Sisters of St. Francis of the Neumann Communities, Syracuse, NY
  • Sisters of St. John the Baptist, Bronx, NY
  • Sisters of St. Joseph, Brentwood, NY 
  • Sisters of St. Joseph of Carondelet, Albany Province, NY
  • Sisters of St. Joseph of Peace, Englewood Cliffs, NY
  • Sisters of St. Joseph of Rochester, NY
  • Sisters of St. Ursula, Rhinebeck, NY
  • Sisters of the Blessed Sacrament, Bensalem, NY
  • Sisters of the Divine Compassion, White Plains, NY
  • Sisters of the Good Shepherd, Astoria, NY
  • Sisters of the Holy Cross, Notre Dame, IN
  • Sisters of the Order of St. Dominic, Amityville, NY
  • Sisters of the Presentation of the Blessed Virgin Mary, New Windsor, NY
  • Sisters of the Resurrection, Castleton-on-Hudson, NY
  • Sisters Servants of the Immaculate Heart of Mary,  Malvern, PA
  • Sisters Servants of the Immaculate Heart of Mary, Scranton, PA
  • Society of Jesus, Northeast Province, NY
  • Society of the Holy Child Jesus, American Province, Rosemont, PA
  • The Sinsinawa Dominicans, Sinsinawa, WI
  • Ursuline Convent of St. Teresa, New Rochelle, NY
  • Ursuline Sisters of the Roman Union, Eastern Province, New Rochelle, NY
  • Ursuline Sisters of Tildonk, Jamaica, NY


  • Adorers of the Blood of Christ, US Province, Wichita, KS
  • Apple Bank for Savings*
  • Basilian Fathers of Toronto, Ontario, Canada
  • Bon Secours Mercy Health, Inc., Cincinnati, OH
  • Bridgehampton National Bank*
  • Capital One
  • Carmelite Communities, Inc., Beacon, NY
  • Carmelite Sisters for the Aged and Infirm, Germantown, NY
  • Carmelite Sisters of Charity, Washington, DC
  • Catholic Health Initiatives, Englewood, CO
  • CDFI Fund – United States Treasury
  • CDFI Community Investment I, LLC
  • Church of the Holy Name of Mary, Croton-on-Hudson,  NY
  • Congregation of the Sisters of Charity of the Incarnate Word, Houston TX
  • De Colores Foundation, Chula Vista, CA 
  • Deutsche Bank Americas Foundation*
  • HSBC Bank USA, N.A.*
  • Leadership Conference of Women Religious, Region 2, NY
  • Missionary Sisters Servants of the Holy Spirit
  • Mizuho Bank*
  • New England Conference of Diocesan Directors of Religious Education
  • New York Quarterly Meeting, New York, NY*
  • Opportunity Finance Network-HSBC Good to Grow*
  • Opportunity Fund II, LP
  • People’s United Bank
  • Religious Communities Investment Fund
  • Ridgewood Savings Bank*
  • Santander Bank, N.A.
  • School Sisters of Notre Dame, Atlantic-Midwest Province
  • School Sisters of Notre Dame, Central Pacific Province
  • Seton Enablement Fund, Sisters of Charity of Cincinnati, OH
  • Sisters of Charity, Nazareth, KY
  • Sisters of Charity of St. Elizabeth, Convent Station, NJ
  • Sisters of St Joseph of Carondelet, Albany Province
  • Sisters of St Joseph of Carondelet, St. Paul Province
  • Sisters of St Joseph of Northwestern Pennsylvania
  • Sisters of the Holy Names of Jesus and Mary, U.S – Ontario Province
  • Sisters, Servants of Immaculate Heart of Mary, Scranton PA
  • Small Business Loan Fund – United States Treasury
  • Society of the Divine Word, Techny, IL
  • St. John’s Episcopal Church, Larchmont, NY
  • TD Bank, N.A.*
  • The Sustainability Group, Boston, MA*
  • Trinity Health Corporation, Livonia, MI
  • Unitarian Universalist Congregation at Shelter Rock, NY
  • United Methodist Church, General Board of Global Ministries, New York, NY
  • Ursuline Community – Longstreet Avenue, Bronx, NY  
  • Ursuline Community – Linden Avenue, New Rochelle, NY  
  • Wells Fargo 
  • Wells Fargo Regional Foundation


  • Jonathan D. Beard & Rachel Theilheimer  
  • John Brennan & Frances A. Sullivan  
  • Anne Marie Bucher, OP  
  • Lynn & Thomas Campbell  
  • Ainsley Chanda  
  • Edward & Elaine Chanda  
  • Quincy E. Chanda  
  • Thomas Conlon  
  • Frances S. Cosgrove Trust*
  • Peter Crippen  
  • Bernadette Cronin-Geller  
  • Nancy & Joe Cruickshank
  • Sr. Julie Cutter, DC*
  • Jeanne-Marie DeBaun*
  • Paul Dermody  
  • Arthur Diem, III  
  • Rose DiMartino  
  • Dorothy Distel  
  • Lawrence and Marjorie Donahue  
  • Marilyn Dunn, OP  
  • Mary-Cabrini Durkin  
  • Katherine M. Elsner*
  • Gadfly Trust  
  • John & Suzanne Gallagher
  • Sarah Gamble*
  • Marjorie Gilbert
  • David Gustafson
  • Barbara Jane Hart & Joseph Slakas  
  • Jonathan Hummel & Joanna Edwards  
  • John & RoseMary Hunt  
  • Julia Kahrl Trust*
  • Carole Kakos 
  • Brian Kaminer  
  • Grayson Kaminer
  • Tyler Kaminer
  • Patricia M. Kenny  
  • Alan J. Kidder  
  • Cynthia Knox*
  • Ann W. LaValle  
  • Elizabeth M. Leddy  
  • Greg Leeds Trust*
  • Francis R. Lewis*
  • John & Mary MacLean
  • Eifiona L. Main & Charles J. Engel  
  • Margaret A. Mariani, OP  
  • Lenore Maroney  
  • Thomas & Heather McArdle  
  • Julia McGee  
  • William M. & Miriam F. Meehan Foundation Inc.  
  • Kathleen Murnion  
  • Mary C. Oberc  
  • Richard & Susan O’Brien  
  • Carla Padilla  
  • Dr. Frances M. Poggioli  
  • Jane & Joseph Reilly  
  • Lawrence M. Rich & Susan Weissert  
  • Cathy & Tom Rowan  
  • Michael Sena  
  • Robert Strittmatter & Norine R. DiCarlo  
  • Mary A. Sullivan*
  • Kathleen Tashner*
  • Robert Thoelen  
  • Richard & Charline Watts*
  • Margaret and Leonard Weber
  • Woodlands Investment Management Account  
  • Kathleen M. Worthington

* Denotes new investment in 2019

Leviticus Fund Team

Board of Directors

Rosemary Jeffries, RSM
Executive Director
All-Africa Conference: Sister to Sister

Michael Sena
Vice President
Chief Financial Officer
HC2 Holdings, Inc.

Toni Palamar
Province Business Administrator
Sisters of the Good Shepherd

Ellenrita Purcaro
OP Secretary
Empowerment Center at Harmony Farm

Elaine Dovas
CRA Officer & First Vice President
Apple Bank for Savings

Jonathan Hummel
Managing Director, Risk Management, Deputy Chief Risk Officer of the Americas
Deutsche Bank AG

Becky Koch
Vice President, Senior Relationship Manager & Team Leader, Community Development Lending

Dan Letendre
Managing Director and CDFI Lending & Investing Executive
Bank of America

Joseph F. Reilly
President & CEO
Community Development Trust, Inc. 

Darlene Robinson
Vice President,
Commercial Community Development Lending
Fulton Bank

Peggy Scarano, OP
Regional Representative
Support Our Aging Religious – SOAR

Elizabeth Torres
Housing Development Consultant

Rev. Julius Walls, Jr.
Greater Centennial CDC


Carmel Caputo, CND
Missionaries of La Salette

Shelly Cleary
Community Development Trust 

Salvatore Del Bene

Marisol Franco
Santander Bank, N.A.

Derrick Lovett
MBD Community Housing Corp.

Shawn Luther
Nonprofit Finance Fund

Kathleen Murnion

Peter Mosbacher
Webster Bank

Bill Rilley
Church of St. Raymond

Steve Sagner
SEO (Sponsors for Educational Opportunity)

Maryann Summa, OP
St. Thomas Aquinas College

Jonathan Vazcones
M&T Bank

Michael Vitale
Sterling National Bank

Andrew B. Warren
TD Bank


Bernadette Kenny, RSHM

Dentons US LLP
Austin Castellano
Robert E. McCarthy
Jeffrey Nelson
Rick Stempler

Clifford Chance US LLP
Eddie Frastai

Emmet, Marvin & Martin LLP
Eamon Kelleher
Theresa Omansky
Eric Usinger

Haynes and Boone LLP
Brad Lavender
Melissa Naturman

Hunton Andrews Kurth
Molly Daugherty
Bethany Frank
Matthew Halal
Rikki Lavine
Donald Simone
Kevin Wakefield

William J. Robb, Jr.

Schiff Hardin LLP
William Goldman
Christine McGuinness

Stroock LLP
Michael McCarthy


Greg Maher
Executive Director

Helen Davis
Loan Manager

Kayla Jeffrey
Loan Officer 

Kevin McQueen
Director of Lending

Hayley Morland
Finance & Operations Associate

Jose Rivera
Finance Director

Maryann Sorese
Communications & Compliance Officer