Leviticus 2523 Alternative Fund Inc

Nonprofit profile at a glance

EIN
133154100
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Tarrytown, NY, USA
Phone
9149094498
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Neighborhood Centers

Official website

Reported finances

Revenue
$11,346,687
Expenses
$8,617,003
Assets
$157,103,270
Liabilities
$109,690,613

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • MR GREGORY MAHER (EXECUTIVE DIRECTOR)
  • SR ROSEMARY JEFFRIES RSM (BOARD PRESIDENT)
  • MS DARLENE ROBINSON (BOARD VICE PRESIDENT)

Highest reported compensation

  • MR GREGORY MAHER (EXECUTIVE DIRECTOR): $350,333 total reported compensation
  • MR JOSE RIVERA (FINANCE DIRECTOR): $230,118 total reported compensation
  • MS SOHAM DHESI (SENIOR INVESTMENT OFFICER): $199,023 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Earned-program. 69% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 74
  • Accountability: 96
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.7%; rating input score 66
  • Program expense ratio: 90.1%; rating input score 90
  • Fundraising efficiency: $21.64 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.8%; rating input score 94; 23rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.1%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 18.23; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 14.7%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 15.1% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 16.3% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 14.9% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 65.7% of revenue deployed · 90.1% of spending went to programs
  • Governance: 15 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.8M in reported program spending
  • Leadership: top reported pay $350K · 23 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.