2023 Annual Report

To Our Members and Friends

In the Bible, the number 40 is often associated with periods of testing, preparation, transformation, and renewal. We think of rain for 40 days and 40 nights in the Great Flood; Moses’ time on Mount Sinai; Jesus’ 40 days of fasting and temptation in the desert, and the 40 days between His resurrection and ascension into heaven.

Throughout 2023, we marked the 40th anniversary of the Leviticus Fund. We reflected on and celebrated forty years of providing “seed to the sower” – the flexible financing that helps nonprofits develop the kind of high-quality affordable housing and community development projects that change lives.

The theme for our 40th Anniversary was inspired by Paul’s second letter to the Corinthians. In it, he notes that God is the one who gives – both the grain for the bread and the bread itself – so it is God who makes the giver capable of giving. When we give out of love, the gift itself becomes a seed that spreads selflessness and humility.

We’ve decided to continue to apply that theme to our work, as “seed to the sower” is such a fitting metaphor for our efforts. The Leviticus Fund helps build and preserve houses, apartments, early learning centers and economic development projects by providing the hard-to-obtain financing that gets these projects off the ground and helps complete them.

With the support of people like you, the Leviticus Fund continues to plant the seeds of justice and assist those who are vulnerable and often forgotten.

Working with our donors, investors, borrowers, and community partners, we will continue to provide seed to the sower to assist people in need.

Together, we’re committed to strengthening communities and providing new opportunities for low-income individuals and families for many years to come.

With Gratitude,

Greg Maher
Executive Director

Rosemary Jeffries, RSM
Board President

Dear Leviticus Fund:

We are happy to report that all continues to be well here in Sunset Park. We are grateful to have the support of the Leviticus 25:23 Alternative Fund, which gives us financial comfort while we continue to provide a comprehensive range of services and programs to so many children and families in our community. This school year, we have continued to welcome and offer support to an increasing number of migrant families. Our afterschool youth programs are full of smiling children and staff engaged in educational enrichment, cultural outings and special events. Our Community Services, Adult Employment, ESOL Classes, Tax Preparation and family support programs are meeting critical needs, and our evening and Saturday Neighborhood Center programs are bustling with multi-generational family and community-building activities. We feel privileged to be able to engage with our diverse and vibrant community in so many meaningful ways.
Please extend our appreciation to everyone at Leviticus!

Thank you,

Julie Stein Brockway, LCSW
Co-Executive Director
Center for Family Life in Sunset Park

Forty years ago, twenty-seven religious communities invested $360,000 to form the Leviticus 25:23 Alternative Fund.

The birth of the Leviticus Fund was a truly collaborative effort among women and men from different religious orders who pooled their resources and put it in direct service to the poor. The original group of 27 religious community members has now grown to 66. These members provide flexible, low-cost capital to the fund, and their focus on justice animates what we do each day.

Three of the founding members of the Fund and its two previous executive directors were recognized at the 40th anniversary at a reception in New York City in October. Sister Patricia Wolf, RSM; Sister Margaret Flood, OP; and Sister Joan Correia, OP, were among the Fund’s founding members. Brother George Schmitz, CSC and David Raynor each served 14 years as executive director of the Fund.

According to Sister Pat Russell, OSU, a former Loan Officer of the Leviticus Fund, the event “was filled with the spirit of the founders, history, and progress, and wrapped in reflections and videos which reminded all of us how God and you all have kept the original spark blazing!”

The keynote speaker at the reception was Rev. Julius Walls, Chief Operating Officer of the A.M.E. Zion Church, headquartered in Charlotte, who served on the board of the Leviticus Fund from 2013 – 2022. In his remarks, he reflected on the theme of the Fund’s anniversary year, “Seed to the Sower,” from St. Paul’s second letter to the Corinthians.

Honorary Committee

GOLD A Larovere Consulting | Bernard and Michelle Carr | Lisa and Richard Cashin | Mark and Christina Chandler | Congregation of Holy Cross, Moreau Province* | Cuddy & Feder LLP | The Disability Opportunity Fund | Discalced Carmelites* | High Impact Financial Analysis | Jonathan Hummel | Dan Letendre | Sue Ellen and Greg Maher | Robert and Mary Jean McCarthy | Mizuho Americas | Kathleen W. Murnion | John and Mary Beth Powers | Ridgewood Savings Bank | RUPCO | St. Nicks Alliance | Samaritan Village | Sisters of Charity of New York | Justin Towey | Eric Usinger | Jonathan Vazcones | Michael Vitale and Christine Flanigan | Westhab, Inc.

SILVER Sr. Rosemary Jeffries, RSM | USA East Jesuits | Carole Kakos | Cynthia Knox and Carla Rae Johnson | Becky Koch | Leonora Maher | Richard Pinner | Joseph F. Reilly | Darlene Robinson | Steve Sagner | Donna Scarano, President, Scarano & Associates LLC | Sr. Peggy Scarano, OP | Sisters of the Divine Compassion* | Sisters of St. Joseph of Peace* | Elizabeth Torres | Ursuline Sisters of the Eastern Province

Explore the 2023 Annual Report