LEVITICUS 2523 ALTERNATIVE FUND INC

EIN: 133154100 501(c)(3) Human Services

TARRYTOWN, NY

Total Revenue
$11,346,687
Total Expenses
$8,617,003
Total Assets
$157,103,270
Net Assets
$47,412,657
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
GREGORY MAHER
Phone
9149094498
Tax Period
2025-01-01 to 2025-12-31

LEVITICUS 2523 ALTERNATIVE FUND INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $11.3M in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.7M, a strong 24% operating margin.

Mission

THE LEVITICUS 25:23 ALTERNATIVE FUND IS ROOTED IN FAITH AND THE CALL FOR ACCESS TO ECONOMIC IMPROVEMENT. THE FUND PROVIDES FLEXIBLE CAPITAL, EXPERTISE, AND SUPPORT TO PROPEL THE GROWTH OF HEALTHIER COMMUNITIES. LEVITICUS CREATES OPPORTUNITIES FOR VULNERABLE, LOW-INCOME PEOPLE TO THRIVE AND LIVE WITH DIGNITY.

Program Service Accomplishments

Program 1
Expenses: $7,759,999 Revenue: $7,867,494

THE LEVITICUS FUND'S FLEXIBLE CAPITAL AND TECHNICAL ASSISTANCE SUPPORT A RANGE OF COMMUNITY DEVELOPMENT PROJECTS SERVING LOW-INCOME COMMUNITIES, FAMILIES, AND INDIVIDUALS. HIGHLIGHTS OF OUR LENDING...

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THE LEVITICUS FUND'S FLEXIBLE CAPITAL AND TECHNICAL ASSISTANCE SUPPORT A RANGE OF COMMUNITY DEVELOPMENT PROJECTS SERVING LOW-INCOME COMMUNITIES, FAMILIES, AND INDIVIDUALS. HIGHLIGHTS OF OUR LENDING IN 2025 INCLUDE:TWENTY-FOUR, OR 73%, OF THE PROJECTS FINANCED WERE AFFORDABLE HOUSING RELATED. SEVEN PROJECTS INVOLVED CHILDCARE CENTERS, HEALTHY FOOD RETAIL, AND COMMUNITY FACILITIES.TOTAL DEVELOPMENT WILL GENERATE 1,925 UNITS OF RENTAL HOUSING, WITH 1,639 UNITS, OR 85%, SERVING LOW-INCOME HOUSEHOLDS (80% AMI), PLUS AN ADDITIONAL 85 TRANSITIONAL UNITS. OF THE 1,925 AFFORDABLE UNITS, 53% ARE DESIGNATED FOR VERY LOW AND EXTREMELY LOW-INCOME FAMILIES AND INDIVIDUALS. SIX HUNDRED AND FIFTY-FIVE UNITS, OR 34%, WILL INCLUDE SUPPORTIVE SERVICES. OF THE 24 HOUSING PROJECTS WE FUNDED, 19, OR 80%, MET A GREEN BUILDING STANDARD OR INVOLVED GREEN BUILDING FEATURES.IN TERMS OF THE COMMUNITIES WE SERVED IN 2025, 22, OR 67%, OF OUR LOANS WERE TO PROJECTS LOCATED IN AREAS OF ECONOMIC DISTRESS WHICH ARE CENSUS TRACTS CHARACTERIZED BY HIGH POVERTY RATES, UNEMPLOYMENT, AND LOW-INCOME LEVELS. NINETEEN, OR 58%, OF OUR LOANS WERE TO PROJECTS LOCATED IN LOW INCOME DISADVANTAGE COMMUNITIES WHICH ARE CENSUS TRACTS THAT FACE A DISPROPORTIONATE BURDEN OF ENVIRONMENTAL AND SOCIAL CHALLENGES OFTEN DUE TO FACTORS SUCH AS POVERTY, LACK OF ACCESS TO RESOURCES, AND EXPOSURE TO ENVIRONMENTAL POLLUTION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,037,990
Program Service Revenue $7,865,008
Investment Income $441,203
Other Revenue $2,486
TOTAL REVENUE $11,346,687

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,676,729
Fundraising Expenses $140,396
Program Expenses $7,759,999
Other Expenses $5,940,274
TOTAL EXPENSES $8,617,003

Year-over-Year Comparison

2025 2024 Change
Revenue $11,346,687 $15,772,383 -0.3%
Expenses $8,617,003 $5,529,123 +0.6%
Net Income $2,729,684 $10,243,260 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
15
Employees
22
Volunteers
29

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$580,451
Total Directors
18
$350,333
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR GREGORY MAHER EXECUTIVE DIRECTOR 40.00
Officer Director
$302,500 $47,833 $350,333
SR ROSEMARY JEFFRIES RSM BOARD PRESIDENT 0.50
Officer Director
$0 $0 $0
MS DARLENE ROBINSON BOARD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MR RONALD ROSADO ABAD BOARD TREASURER 0.50
Officer Director
$0 $0 $0
SR ELLENRITA PURCARO OP BOARD SECRETARY 0.50
Officer Director
$0 $0 $0
SR PEGGY SCARANO OP BOARD MEMBER 0.50
Director
$0 $0 $0
MS ELAINE DOVAS BOARD MEMBER 0.50
Director
$0 $0 $0
MR DAN LETENDRE BOARD MEMBER 0.50
Director
$0 $0 $0
MR JOSEPH REILLY BOARD MEMBER 0.50
Director
$0 $0 $0
MS ELIZABETH TORRES BOARD MEMBER 0.50
Director
$0 $0 $0
MR JONATHAN HUMMEL BOARD MEMBER 0.50
Director
$0 $0 $0
MS MARIA FERREIRA LMSW BOARD MEMBER 0.50
Director
$0 $0 $0
MS ARIEL GARCIA BOARD MEMBER 0.50
Director
$0 $0 $0
MS MELODY MARAVILLAS BOARD MEMBER 0.50
Director
$0 $0 $0
MS JUSTINE MCPHERSON BOARD MEMBER 0.50
Director
$0 $0 $0
MR RALPH BUMBACA BOARD MEMBER 0.50
Director
$0 $0 $0
MS BECKY KOCH BOARD MEMBER (UNTIL 5/25) 0.50
Director
$0 $0 $0
MR JONATHAN VASCONES BOARD MEMBER (UNTIL 12/25) 0.50
Director
$0 $0 $0
MR JOSE RIVERA FINANCE DIRECTOR 40.00
Officer
$214,583 $15,535 $230,118
MR KEVIN MCQUEEN DIRECTOR OF LENDING 40.00
Highest
$170,333 $17,712 $188,045
MS SOHAM DHESI SENIOR INVESTMENT OFFICER 40.00
Highest
$166,333 $32,690 $199,023
MR BRIAN GURSKI CHIEF COMPLIANCE & IMPACT OFFICER 40.00
Highest
$143,231 $33,763 $176,994
MR ALEXANDER CANZONE INVESTMENT OFFICER 40.00
Highest
$103,333 $19,669 $123,002
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $11,346,687 $8,617,003 $157,103,270 $2,729,684
2024 $15,772,383 $5,529,123 $136,483,847 $10,243,260
2023 $9,907,653 $4,151,054 $91,814,753 $5,756,599
2022 $9,522,448 $3,682,427 $78,088,191 $5,840,021
2021 $6,314,122 $3,328,511 $67,729,825 $2,985,611
2020 $6,626,249 $2,799,311 $56,805,740 $3,826,938
2019 $4,774,110 $2,650,037 $48,568,400 $2,124,073
2018 $3,870,482 $1,976,465 $38,826,344 $1,894,017
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