2023 Annual Report

Partners & Financial Summary

Community Lending

Atlantic East Apartments LLC
Brooklyn
$1,295,275
67 supportive/affordable units

The Community Builders
Bronx, NY
$4,631,890
85 affordable units housing for seniors

Concern Housing
Bronx, NY
$5,520,000
200 supportive/affordable units

GonSosa Development and Construction
Newark, NJ
$1,862,000
23 affordable units, 1 commercial unit

Housing Visions Consultants
Oswego, NY
$693,459
75 units total, 48 affordable units

Housing Visions Consultants
Syracuse, NY
$270,000
50 affordable units

Housing Visions Consultants
Plattsburgh, NY
$545,000
80 affordable units

St. Nicks Alliance
Brooklyn, NY
$1,900,000
78 affordable units

Seabury Cooperative Housing, Inc.
New Haven, CT
$3,150,000
88 affordable units

Clinton Housing Development Company
New York, NY
$500,000
70 affordable units

Revolving Enterprise Loan for Housing Visions

$2,000,000

Before a shovel goes into the ground, developers need to find a way to pay for architect and engineering fees, environmental testing, appraisals, land surveys, legal fees, and other expenses. Financing these fees can be difficult for nonprofit organizations pursuing multiple projects.

The Leviticus Fund is making it easier for Housing Visions.

In July, we closed our first Revolving Enterprise Loan of $2 million to this organization. This reflects the strength of Housing Visions, as well as our long relationship with them, as the loan is 100% unsecured.

This flexible loan will make it easier for Housing Visions to draw down predevelopment funds without requiring separate applications, underwriting and closings for each project.

Statement of Financial Position

Financial Statements for the Years Ended December 31, 2023 and 2022

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.

Gifts Received 1/1/23 – 12/31/23 

We make every effort to ensure the accuracy of this report. If there is an error or omission, please accept our apologies and contact Jose Rivera at [email protected] to correct. 

Individual Donors

Kent Bass

Jonathan Beard & Rachel Theilheimer

Ken Bozzi

Lisa & Dick Cashin

Salvatore & Bernadette Del Bene

Jennifer Gamlen

Becky Koch

Maureen & Vincent La Piana

Emily Maher

Leonora Maher

Robert E. & Mary J. McCarthy

Kathy Murnion

John & Mary Beth Powers

David & Sharon Raynor

Alexander Roberts

Colleen M. Ryan

Linda Sama

Frances Sullivan & John Brennan

Justin & Kristi Towey

Marilyn Wright

ORGANIZATIONAL DONORS

Amalgamated Bank

Capital One, N.A.

Community Development Financial Institutions Fund

HSBC Bank USA, N.A.

KeyBank

M&T Bank

Morgan Stanley

New York Community Bancorp., Inc.

PNC Bank, N.A.

Renate, Hans & Maria Hofmann Trust

Santander Bank, N.A.

Webster Bank, N.A.

Wells Fargo Bank, N.A.

Memorial and tribute gifts

In memory of Carol J. and Kevin A Kirdahy
Leonora Maher

In Memory of Bob Schupbach
Leonora Maher

GIFTS IN KIND

Apple Bank

Greyston Foundation

Red Table Catering

In the waning days of its 40th anniversary year, the Leviticus Fund received a donation that put the Legacy Fund over $1 million in lending capital.

Launched in 2021, the Legacy Fund received its first donation on Easter Monday of that year. At the close of 2023, the Legacy Fund included 21 members, with donations totaling $1,025,150.

After four decades, many of our early supporters have elected to convert their investment to a donation and multiply its mission impact. Legacy Fund donations serve as a dollar-for-dollar match when we apply to the federal CDFI Fund for lending capital. In addition, when you convert a loan to a donation, we can leverage additional borrowing on at least a 3:1 basis. To find out more about becoming a member of the Legacy Fund, contact
[email protected] .

Investing in Leviticus Fund

Do you want to foster social and environmental impact as well as earn a financial return? Become an impact investor with the Leviticus Fund, and we’ll put your resources to work helping people and communities in need. We offer investment opportunities to organizations and individuals.

Member Investors

Albany Area Housing Opportunities, Albany, NY

Augustinians of the Province of St. Thomas of Villanova, Villanova, PA

Catholic Biblical Association, Washington, DC

Church of St. Raymond, Bronx, NY

Congregation de Notre-Dame, Blessed Sacrament Province, Fairfield, CT

Congregation of Holy Cross, Moreau Province, Austin, TX

Congregation of Infant Jesus, Rockville Centre, NY

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 Charitable Trust, 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 Endowment Trust, 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

FSC DENA Endowment Trust, Eatontown, NJ

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, Immaculata

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

Bold denotes Legacy Fund Member

ASSOCIATE, GOVERNMENT, AND BANK INVESTORS

Apple Bank for Savings

Bank of America

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

CommonSpirit Health, San Francisco, CA

CDFI Community Investment I, LLC

CDFI Fund – United States Treasury

Congregation of the Sisters of Charity of the Incarnate Word, Houston TX*

CNote Group, Inc.

De Colores Foundation, Chula Vista, CA

Deutsche Bank Americas Foundation

DIME Bank (formerly Bridgehampton National Bank)

General Board of Global Ministries of the United Methodist Church, Atlanta, GA

HSBC Bank USA, N.A.

Key Bank

Leadership Conference of Women Religious, Region 2, NY

M&T Bank

Mercy Investment Services Inc., St. Louis, MO

Missionary Sisters Servants of the Holy Spirit, Techny, IL

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

Regional Foundation, LLC, Philadelphia, PA

Religious Communities Impact Fund

Sacred Heart University, Inc.

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

St. Thomas Aquinas College

TD Bank

The Sustainability Group, Boston, MA

Trinity Health Corporation, Livonia, MI

Unitarian Universalist Congregation at Shelter Rock, NY*

Ursuline Community – Linden Avenue, New Rochelle, NY 

U.S. Bank

Webster Bank N.A. (Sterling Bank legacy)

Wells Fargo

* Denotes new investment in 2023

Individual Associate Investors

David & Paula Antonacci

Jonathan D. Beard & Rachel Theilheimer 

Anne Marie Bucher, OP 

Lynn & Thomas Campbell 

Ainsley Chanda 

Edward & Elaine Chanda 

Quincy E. Chanda 

Thomas Conlon 

Peter Crippen 

Nancy & Joe Cruickshank

Julie Cutter, DC

Jeanne-Marie DeBaun

Arthur Diem, III 

Dorothy Distel

Lawrence and Marjorie Donahue 

Marilyn Dunn, OP

Mary-Cabrini Durkin 

Katherine M. Elsner

Mary Florin-McBride & Guy Garandeau

Gadfly Trust

Sarah Gamble

Marjorie Gilbert 

David Gustafson

Barbara Jane Hart & Joseph Slakas 

Jonathan Hummel & Joanna Edwards

John & RoseMary Hunt 

Carole Kakos Trust

Brian Kaminer

Alan J. Kidder 

Cynthia Knox

Ann W. LaValle 

Elizabeth M. Leddy Trust

Francis R. Lewis

Lenore Maroney 

Thomas & Heather McArdle 

William M. & Miriam F. Meehan Foundation Inc. 

Hayley Morland

Kathleen Murnion 

Mary C. Oberc 

Richard & Susan O’Brien 

Maureen O’Leary

Carla Padilla

David & Sharon Raynor

Jane & Joseph Reilly 

Lawrence M. Rich & Susan Weissert 

Darlene Robinson

Cathy & Tom Rowan 

Michael Sena 

Amy Sherman

John Socolick

Robert Strittmatter & Norine R. DiCarlo 

Mary A. Sullivan

Kathleen Tashner

Robert Thoelen

Richard & Charline Watts

Margaret and Leonard Weber

Kathleen M. Worthington

* Denotes new investment in 2023

Leviticus Fund Team

Board of Directors

Sr. Rosemary Jeffries, RSM
Board President
Executive Director
All-Africa Conference: Sister to Sister

Darlene Robinson
Board Vice President
Vice President,
Commercial Community Development Lending
Fulton Bank

Sr. Ellenrita Purcaro, OP
Board Secretary
Director
Empowerment Center at Harmony Farm

 

 

Ronald Rosado Abad
Board Treasurer
Chief Executive Officer
Community Housing Innovations

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

Jonathan Hummel
Managing Director, Risk Management
Deutsche Bank AG

Becky Koch
Senior Relationship Manager & Team Leader
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.

Sr. Peggy Scarano, OP
Regional Representative
SOAR!

Elizabeth Torres
Principal
HousingSmarts, LLC

Jonathan Vazcones
First Vice President, CRA Officer
Amalgamated Bank

NON-BOARD COMMITTEE MEMBERS & VOLUNTEERS

Carmel Caputo, CND
Missionaries of La Salette

Shelly Cleary
Equitable Facilities Fund

Marisol Franco
JP Morgan Chase

Derrick Lovett
MBD Community Housing Corp.

Shawn Luther
Local Initiatives Support Corporation

Kathleen Murnion
Retired Nonprofit Consultant

Arthur Pusan
Apple Bank for Savings

Bill Rilley
Church of St. Raymond

Steve Sagner
McGill University

Maryann Summa, OP
Dominican Sisters of Sparkill

Michael Vitale
Webster Bank

Rev. Julius Walls, Jr.
Greater Centennial CDC

Andrew Warren
TD Bank

PRO BONO COUNSEL

ArentFox Schiff LLP
Christine McGuinness

Dentons US LLP
Alexander Hakopian
Jordan Lee
Robert McCarthy
Richard Stempler

Haynes and Boone LLP
Stephanie Chung
Abbey Hone
Matthew Howes
Jennifer Lan
Brad Lavender
Roxanne Micca

Hunton Andrews Kurth LLP
Molly Daugherty
Sarah Eskreis
Nicholas Esposito
Bethany Frank
Matthew Halal
Joelle Pisani

Orrick Herrington & Sutcliffe LLP
Rene Kathawala
Jeffrey Philip
Ekaterina Popoff

Paul Hastings LLP
Michael Berman
Hopkins Robert
Zak Rosenbaum
Christopher Sickles
Richard Sterns
Justin Tsang
Keegan Williams

Morgan, Lewis & Bockius LLP
Michael McCarthy

 

Staff

Greg Maher
Executive Director

Michael Bourne
Accounting Manager

Alexander Canzone
Investment Associate

Helen Davis
Loan Manager

Soham Dhesi
Senior Investment Officer

Kayla Jeffrey
Senior Investment Officer

Marlene Larrow
Operations Associate

Jane Lee
Impact Measurement & Compliance Associate

Denise McCrawford
Loan Management & Office Associate

Kevin P. McQueen
Director of Lending

Jose Rivera
Finance Director

Colleen M. Ryan
Communications Specialist

Griffin Sisk
Lending Associate

Maryann Sorese
Impact Measurement & Compliance Officer

Explore the 2023 Annual Report