Partners and Financial Summary
Additional Community Investments
Abbott House
Irvington, NY
$1,000,000 mini permanent loan
1 nonprofit supported
Leviticus was a co-lender in a $3.7 million loan with Sterling National Bank that refinanced Abbott House’s existing debt, thus creating lower monthly payments. The cost savings safeguard the organization’s community-based programs that care for abandoned, neglected, abused, and developmentally disabled children and adults within family foster care, group homes and various in-home and preventive family services.
Bailey-Holt House
Bailey House, Inc. & Housing Works, Inc.
New York, NY
$900,000 predevelopment loan
76 affordable/supportive housing units
This project will redevelop an aging building that has served as a group home for people with AIDS since 1983. Leviticus’ loan covered architectural and environmental testing costs necessary before construction can begin on a new facility to house people living with HIV/AIDS, mental illness or substance use disorders, and community residents earning at or below 60% of area median income.
Hempstead House
Southern Tier Environments for Living, Inc.
Hempstead, NY
$706,087 predevelopment loan
65 affordable/supportive units
This loan, our second to STEL during 2020, supported pre-construction costs for a multifamily affordable housing development for adults with disabilities and low-income families on the site of a blighted, vacant building. A total of 52 supportive units will serve adults with intellectual or developmental disabilities, with the remaining 13 units accessible to households with incomes at or below 60% of area median income.
Jo-Len Residents Association, Inc.
Marlborough, MA
$2,785,789 mini-permanent loan
123 homes preserved
This is our ninth participation loan with ROC USA Capital to support affordable housing preservation through resident purchases of manufactured home communities. The almost $3.6 million in combined financing was used toward the purchase of this 16-acre, 123 home, 55+ age-restricted community where over 70% of the residents are very-low or extremely-low income.
La Casa de Don Pedro, Inc.
Newark, NJ
$236,484 two construction loans
2 affordable homes, with 2 accessory apartments
With a clear vision of how homeownership promotes community stability, La Casa continues its Lower Broadway Neighborhood effort to construct quality homes for low-income families. Two loans from Leviticus financed separate projects that will build two, three-bedroom homes for homebuyers earning 80% of area median income, and two, two-bedroom accessory apartments on land that had been vacant for over 15 years.
The Landing at Burke Meadows
Housing Visions Consultants
Cazenovia, NY
$125,000 predevelopment loan
49 affordable housing units
A community-driven housing study that confirmed the unmet affordable housing need in this rural community in Madison County was the impetus for this new mixed-income development. Leviticus’ loan covered predevelopment costs for the construction of 33 units for seniors in a two-story building, and 16 apartments for families within four townhome-style buildings.
The Windham
Westhab, Inc.
Yonkers, NY
$2.3 million permanent loan
15 affordable studios and 27 single-room-occupancy units
Westhab is a long-standing borrower and when it saw an opportunity to purchase a residential property it had leased for 37 years, it turned to Leviticus for financing. The project safeguards a much-needed mix of affordable and supportive studios and SROs in a rapidly gentrifying neighborhood in Westchester County, NY.
West Liberty Commons
Building Neighborhoods Together, Inc.
Bridgeport, CT
$340,000 bridge loan
18 affordable housing units
This bridge loan supported the final construction phase of 18 mixed-income affordable townhomes that are part of an expansive housing and commercial redevelopment in the downtown west section of Bridgeport. The majority of the one-, two- and three-bedroom apartments will be accessible to very low-income households, and the building’s design includes energy-efficient features offering cost savings for the tenants.
WYSH House
Women and Families Center
Meriden, CT
$600,000 mini-permanent loan
12 affordable housing units
This nonprofit is a first-time borrower, and used Leviticus’ loan to cover some of the construction costs for a new residential facility to provide safe, stable housing for formerly homeless young adults. While Connecticut showed a downward trend in cases, it is estimated that 7,823 youth experienced homelessness or housing instability during 2020.
STATEMENT OF FINANCIAL POSITION
Financial Statements for the Years Ended December 31, 2020 and 2019
STATEMENT OF FINANCIAL POSITION
STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS
GIVING TO LEVITICUS FUND
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.
INDIVIDUAL DONORS
- Jonathan D. Beard & Rachel Theilheimer
- Jerry & Donna Bratkovich
- Lisa & Dick Cashin
- Mark Chandler
- Joan Correia, OP
- Salvatore & Bernadette Del Bene
- Rev. Kevin Donovan
- Elaine Dovas
- Marjorie Gilbert
- Michael Gnat
- Linda Hincken
- Jonathan Hummel & Joanna Edwards
- Carole Kakos
- Susan Kay
- Maureen La Piana
- John MacLean
- Leonora Maher, in memory: Mary Jane Smith
- Sue Ellen & Greg Maher
- Eifiona Main
- Margaret Mariani
- Robert & Mary Jean McCarthy
- Richard Gabriel Moran
- Kathleen Murnion
- Richard & Susan O’Brien
- John & Mary Beth Powers
- Ellenrita Purcaro, OP
- Margaret Raynor
- Jose Rivera
- Peggy Scarano, OP
- TisBest Philanthropy – Mary Beth Powers
- Elizabeth Torres
- Justin & Kristi Towey
- Michael Vitale
- Clayton Warner
- Richard & Charline Watts
- Webster Bank, in honor: Peter Mosbacher
- Sabine Werner
- Charles Wiggins
- Marilyn Wright
- John & Linda Young
ORGANIZATIONAL DONORS
- Apple Bank for Savings
- BNY Mellon
- Capital One
- Charities Aid Foundation of America
- Deutsche Bank
- HSBC Bank
- 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
- Sisters of the Mercy of the Americas
- Sterling National Bank Charitable Foundation
- TD Charitable Foundation
- Ursuline Sisters of the Roman Union, Eastern Province
- Webster Bank
- Wells Fargo
INVESTING IN LEVITICUS FUND
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.
MEMBER INVESTORS
- 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 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
- 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
ASSOCIATE, GOVERNMENT, AND BANK INVESTORS
- Apple Bank for Savings*
- Basilian Fathers of Toronto, Ontario, Canada
- Bon Secours Health System, Inc., Cincinnati, OH
- Capital One, N.A.
- 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
- Congregation of the Sisters of Charity of the Incarnate Word, Houston TX
- De Colores Foundation, Chula Vista, CA*
- Deutsche Bank Americas Foundation
- Dime Community Bank
- 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
- Society of the Divine Word, Techny, IL
- St. John’s Episcopal Church, Larchmont, NY
- TD Bank*
- 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
- U.S. Bank
- Wells Fargo
- Wells Fargo Regional Foundation
INDIVIDUAL ASSOCIATE INVESTORS
- 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
- Peter Crippen
- Bernadette Cronin-Geller
- Nancy & Joe Cruickshank
- 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
- Mary Florin-McBride & Guy Garandeau*
- John & Suzanne Gallagher
- Sarah Gamble
- Marjorie Gilbert
- David Gustafson*
- Barbara Jane Hart & Joseph Slakas
- Jonathan Hummel & Joanna Edwards
- John & RoseMary Hunt
- Carole Kakos*
- Brian Kaminer*
- Patricia M. Kenny
- Alan J. Kidder
- Cynthia Knox
- Ann W. LaValle
- Elizabeth M. Leddy
- Francis R. Lewis*
- John & Mary MacLean
- Eifiona L. Main
- 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
- David Raynor*
- Jane & Joseph Reilly
- Lawrence M. Rich & Susan Weissert
- Darlene Robinson*
- Cathy & Tom Rowan
- Michael Sena
- John Socolick*
- Robert Strittmatter & Norine R. DiCarlo
- Mary A. Sullivan*
- Clients of the Sustainability Group, Part of Loring, Wolcott & Coolidge
- Kathleen Tashner
- Robert Thoelen*
- Richard & Charline Watts*
- Margaret and Leonard Weber*
- Kathleen M. Worthington
* Denotes new investment in 2020
Leviticus Fund Team
Board of Directors
Rosemary Jeffries, RSM
President
Executive Director
All-Africa Conference: Sister to Sister
Darlene Robinson,
Vice President
Vice President, Commercial Community Development Lending
Fulton Bank
Toni Palamar
Treasurer
Province Business Administrator
Sisters of the Good Shepherd
Ellenrita Purcaro, OP
Secretary
Director
Empowerment Center at Harmony Farm
Elaine Dovas
CRA Officer, Senior Vice President
Apple Bank for Savings
Jonathan Hummel
Managing Director, Risk Management, Deputy Chief Risk Officer of the Americas
Deutsche Bank AG
Becky Koch
Team Leader & Senior Relationship Manager, Community Development Lending
HSBC Bank USA, N.A.
Dan Letendre
Managing Director and CDFI Lending & Investing Executive
Bank of America
Joseph F. Reilly
President & CEO
Community Development Trust, Inc.
Peggy Scarano, OP
Regional Representative
Support Our Aging Religious – SOAR!
Shona St. Angelo
Chief Financial Officer
Concern for Independent Living, Inc.
Elizabeth Torres
Principal
HousingSmarts, LLC
Rev. Julius Walls, Jr.
President
Greater Centennial CDC
NON-BOARD COMMITTEE MEMBERS & VOLUNTEERS
Carmel Caputo, CND
Missionaries of La Salette
Shelly Cleary
Community Development Trust, Inc.
Salvatore Del Bene
Retired Bank Executive
Marisol Franco
Santander Bank, N.A.
Derrick Lovett
MBD Community Housing Corp.
Shawn Luther
Capital Impact Partners
Kathleen Murnion
Retired Nonprofit Consultant
Peter Mosbacher
Webster Bank
Marcus Randolph
JPMorgan Chase
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
PRO BONO COUNSEL
Bernadette Kenny, RSHM
Dentons US LLP
Austin J. Castellano
Robert E. McCarthy
Richard I. Stempler
Haynes and Boone LLP
Bradford Lavender
Melissa Naturman
Jennifer Villarreal
Hunton Andrews Kurth
Farah Alhaddad
Molly Daugherty
Bethany Frank
Matthew R. Halal
Donald F. Simone
Paul Hastings LLP
Michael Berman
Tiara Goldberger
Zak Rosenbaum
Schiff Hardin LLP
Brett Cooper
Christine A. McGuinness
Stroock & Stroock & Lavan LLP
Michael McCarthy
The Usinger Law Practice PLLC
Eric Usinger
William J. Robb, Jr., Esq.
Staff
Greg Maher
Executive Director
Helen Davis
Loan Manager
Kayla Jeffrey
Senior Loan Officer
Jelani Jones
Lending Associate
Kevin McQueen
Director of Lending
Hayley Morland
Finance & Operations Associate
Jose Rivera
Finance Director
Colleen Ryan
Resource Development Officer
Maryann Sorese
Communications & Compliance Officer
