Partners and Financial Review
2018 Community Lending
Erie Point The Community Builders (TCB) | Cohoes, NY $600,000 predevelopment loan 80 affordable/supportive housing units
Using Project Start Fund, Leviticus provided TCB a second predevelopment loan in 2018 to plan and prepare development of a 24-site project in Cohoes. The project entails a single 40-unit development that includes supportive homes and services for 24 survivors of domestic violence, plus 40 one-and two-family homes to be built on infill lots.
811 Lexington Avenue IMPACCT Brooklyn | Brooklyn, NY $650,000 predevelopment loan 60 affordable senior housing units
IMPACCT used this Project Start Fund predevelopment loan for a range of fees and legal costs required to launch development of a high-amenity rental apartment for low- and very-low-income seniors. Eighteen of the units will be accessible for seniors at risk of homelessness and the design includes community space and a green roof with garden space.
BelovED Community Charter School Jersey City, NJ $600,000 construction loan 240 students served
Together having supported the land purchase, Leviticus again joined with New Jersey Community Capital to help BelovED build an expanded and high-quality middle school, which will extend its educational model and its exceptional success in improving achievement to more lower-income youth.
Atlantic Terrace Condominium Association Brooklyn, NY $71,254 construction loan 80 housing units preserved
This Association, which is comprised of low- and moderate-income members, needed this low-cost loan to cover the majority of expenses for exterior building repairs that are needed in order to pass local inspections and remain in operation.
Lifting Up Westchester (LUW) White Plains, NY $1,260,000 permanent loan 1 nonprofit supported
LUW sought this loan to refinance and lower its costs for a loan for its men’s shelter, a mortgage on its headquarters, and two other debts, allowing LUW to dedicate more capital to serving 4,500 vulnerable residents across Westchester County.
Wamsutta Residents Association (WRA) North Attleboro, MA $655,165 permanent loan 84 senior housing units preserved
Leviticus participated in this $2,537,000 loan led by ROC USA Capital, which lowered WRA’s costs for a 2011 loan from Leviticus and ROC that had enabled WRA’s seniors to buy their manufactured housing community and preserve its affordability. Over 60% of WRA’s homeowners are very low-income, earning around $40,600 a year.
First Baptist Housing Development Fund Westhab, Inc. | Mamaroneck, NY $89,000 permanent loan 6 units of affordable housing preserved
Westhab returned to Leviticus for two loans with low rates and flexible terms—a $51,300 secured loan and a $37,800 unsecured loan—to replace a damaged roof on a permanently affordable 6-unit apartment building that it manages.
STATEMENT OF FINANCIAL POSITION
Financial Statements for the Years Ended December 31, 2018 and 2017
STATEMENT OF FINANCIAL POSITION
Statement of Activities and Change in Net Assets
GIVING TO LEVITICUS
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 Beard & Rachel Theilheimer
Lisa & Dick Cashin
Joan Correia, OP
Salvatore and Bernadette Del Bene
Rose DiMartino
Rev. Kevin G. Donovan
Margaret Flood, OP
Gabriele Gidion, In honor, Justin Towey
Jonathan Hummel and Joanna Edwards
Carole Kakos
Daniel Kravetz
Maureen & Vincent La Piana
Dan Letendre
Andrew Maher, In memory, Margaret H. Maher
Emily Maher
Leonora Maher, In memory, Winifred Conway, William Gribbin, Sr. Regina Kraft, OP, Paul T. Kirdahy, Margaret Maher, Anne Marti, Joan Meade; In honor, Mary Jane and Donald Smith
Sue Ellen and Greg Maher
Katherine McCarthy
Robert and Mary Jean McCarthy
Paul and Michele Meaney
R. Gabriel Moran
Kathleen Murnion
John and Mary Beth Powers
Cathy and Tom Rowan
Steve Sagner
Jon Salony
Peggy Scarano, OP
Michael Sena
Michael Vitale & Christine Flanigan
Charles Wiggins
Marilyn Wright
John Young
ORGANIZATIONAL DONORS
All New York Title Agency, Inc.
BNY Mellon
Capital One
CDFI Fund
Daughters of Divine Charity
Daughters of the Holy Spirit
Deutsche Bank
Franciscan Sisters of Peace
Franciscan Sisters of The Atonement
HSBC Bank
Lemle & Wolff Companies
M&T Charitable Foundation
Morgan Stanley
MUFG Union Bank Foundation
New York Community Bancorp, Inc.
People’s United Community Foundation
PNC Bank
Ridgewood Savings Bank
Signature Bank
Sisters of Charity of the Blessed Virgin Mary
Sisters of Mary Reparatrix
TD Bank
The Sisters of Charity of St. Vincent de Paul
Ursuline Community – Liberty Street
Ursuline Sister of the Roman Union
Webster Bank
Wells Fargo Foundation
Wells Fargo Regional CDC
35TH ANNIVERSARY SPONSORS
Apple Bank
Benchmark Title Agency
Cardinal McCloskey Community Services
Catholic Charities, Archdiocese of New York
Community Housing Innovations
Community Preservation Corporation
Concern for Independent Living
Disability Opportunity Fund
High Impact Financial Analysis
Housing Visions
HSBC Bank
IFCA Housing Network
M&T Charitable Foundation
MBAF
MBD Community Housing Corp
Mercy Haven
Mercy Investment Services
MUFG Union Bank
New Jersey Community Capital
People’s United Bank
PNC Bank
ROC USA
The Community Builders
Wells Fargo Bank
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
Brothers of the Order of Hermits of St. Augustine (Augustinians), 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, Highland Heights, OH
Crusade for Family Prayer, Inc., 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 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, NJ
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, NJ
Sisters of St Joseph of Rochester, NY
Sisters of St Ursula, Rhinebeck, NY
Sisters of the Blessed Sacrament, Bensalem, PA
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, 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
Adorers of the Blood of Christ, US Province, Wichita, KS
Apple Bank
Basilian Fathers of Toronto, Ontario, Canada
Bon Secours Mercy Health, 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, Denver, 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
Mercy Investment Services, St. Louis, MO*
Missionary Sisters Servants of the Holy Spirit
New England Conference of Diocesan Directors of Religious Education
New York Quarterly Meeting, NY*
Opportunity Fund II, LP
People’s United Bank
Religious Communities Investment Fund
Ridgewood Savings Bank
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 of St. Elizabeth, Convent Station, NJ
Sisters of Charity, Nazareth, KY
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 the 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
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 – Linden Avenue, New Rochelle, NY
Ursuline Community – Longstreet Avenue, Bronx, NY
Wells Fargo Bank
Wells Fargo Regional Community Development Corporation
INDIVIDUAL ASSOCIATE INVESTORS
Jonathan D. Beard and Rachel Theilheimer
John Brennan and Frances A. Sullivan
Anne Marie Bucher, OP
Lynn and Thomas Campbell
Ainsley Chanda
Edward and Elaine Chanda*
Quincy E. Chanda
Thomas Conlon
Peter Crippen
Bernadette Cronin-Geller
Nancy and Joe Cruickshank
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 and Suzanne Gallagher*
Marjorie Gilbert
David Gustafson
Barbara Jane Hart and Joseph George Slakas*
Jonathan Hummel and Joanna Edwards
John and RoseMary Hunt
Carole Kakos
Brian Kaminer
Grayson Kaminer
Tyler Kaminer
Patricia M. Kenny
Alan J. Kidder
Ann W. LaValle
Elizabeth M. Leddy
Francis R. Lewis
John V. MacLean and Mary Darragh MacLean*
Eifiona L. Main and Charles J. Engel
Margaret A. Mariani, OP
Lenore Maroney
Thomas and Heather McArdle
Julia McGee
William M. and Miriam F. Meehan Foundation, Inc.
Kathleen Murnion
Mary C. Oberc
Richard and Susan O’Brien
Carla Padilla
Dr. Frances M. Poggioli
Jane and Joseph Reilly
Lawrence M. Rich and Susan Weissert
Cathy and Tom Rowan
Michael Sena
Robert Strittmatter and Norine R. DiCarlo
Mary A. Sullivan*
Kathleen Tashner*
Robert Thoelen
Richard and Charline Watts
Woodlands Investment Management Account
Kathleen M. Worthington
LEVITICUS FUND TEAM
BOARD OF DIRECTORS
Cathy Rowan, President
Director, Socially Responsible Investments
Trinity Health
Michael Sena, Vice President
Chief Financial Officer
HC2 Holdings, Inc.
Justin Towey, Treasurer
Partner
Morse, Towey and White Group, Hightower Advisors
Geraldine A. Kennedy, OSU, Esq., Secretary
Ursuline Sisters of the Eastern Province
Elaine Dovas
Vice President, Community
Reinvestment Officer
Apple Bank for Savings
Becky Koch
Vice President, Community Development
HSBC Bank USA, N.A.
Dan Letendre
Managing Director and CDFI Lending & Investing Executive
Bank of America
Ellenrita Purcaro, OP
Director
Empowerment Center at Harmony Farm
Joseph F. Reilly
President & CEO
Community Development Trust, Inc.
Darlene Robinson
Vice President, Relationship Manager,
Community Development Banking
PNC Bank, N.A.
Peggy Scarano, OP
Regional Representative
Support Our Aging Religious – SOAR
Elizabeth Torres
Executive Director
Women’s Institute for Housing and Economic Development
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
Salvatore Del Bene
Retired
Jonathan Hummel
Deutsche Bank AG
Derrick Lovett
MBD Community Housing Corp.
Shawn Luther
Nonprofit Finance Fund
Kathleen Murnion
Retired
Peter Mosbacher
Webster Bank
Toni Palamar
Sisters of the Good Shepherd
Bill Rilley
Church of St. Raymond
Steve Sagner
NYU Tandon School of Engineering
Maryann Summa, OP
St. Thomas Aquinas College
Jonathan Vazcones
M&T Bank
Michael Vitale
Sterling National Bank
PRO BONO COUNSEL
Julien Armstrong
Haynes and Boone LLP
Austin Castellano
Dentons US LLP
Bethany Frank
Hunton Andrews Kurth LLP
Eddie E. Frastai
Clifford Chance US LLP
William Goldman
Schiff Hardin LLP
Matthew Halal
Hunton Andrews Kurth LLP
Bernadette Kenny, RSHM
Levent Kiran
Dentons US LLP
Brad Lavender
Haynes and Boone LLP
Michael McCarthy
Dorsey & Whitney LLP
Robert E. McCarthy
Dentons US LLP
Christine McGuinness
Schiff Hardin LLP
Roxanne Micca
Haynes and Boone LLP
Melissa Naturman
Haynes and Boone LLP
Ramsey Randall
Dentons US LLP
William J. Robb, Jr.
Zak Rosenbaum
Hunton Andrews Kurth LLP
Donald Simone
Hunton Andrews Kurth LLP
Rick Stempler
Dentons US LLP
Kevin Wakefield
Hunton Andrews Kurth LLP
STAFF
Greg Maher
Executive Director
Helen Davis
Loan Manager
Kayla Jeffrey
Loan Officer
Jose Rivera
Finance Director
Maryann Sorese
Communications & Compliance Officer
Robyn Stern
Senior Loan Officer
