Overview
What is Leviticus 2523 Alternative Fund Inc?
Leviticus 2523 Alternative Fund Inc is a nonprofit organization based in Tarrytown, New York, dedicated to supporting community development projects that benefit low-income communities and individuals. In 2022, their lending activities included financing almost 1,000 housing units, primarily affordable and supportive housing, as well as a transitional shelter. They also provided working capital financing to two social service agencies serving at-risk individuals and families. Additionally, they supported the construction of a new charter public school, increasing educational seats for the community. Rooted in faith and the call for economic justice, Leviticus strives to create opportunities for vulnerable, low-income people, particularly those impacted by systemic racial and ethnic discrimination, to thrive and live with dignity. (118 words)
Official website here: www.leviticusfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Leviticus 2523 Alternative Fund Inc has received a solid Three-Star rating from Charity Navigator, reflecting a commendable score of 87% in the Accountability & Finance category. This score indicates a strong commitment to transparent and responsible financial practices, with all eight board members being independent. The organization has also demonstrated robust oversight through its audit and oversight committee.
The charity excels in various accountability measures, receiving perfect scores for its conflict of interest policy, whistleblower policy, and documented board meeting minutes. Additionally, its program expense ratio is impressive, indicating that a significant majority of its funds are directed toward its programs rather than administrative costs.
However, there is a noted area for improvement regarding the liabilities to assets ratio, which stands at 62.49%. While this does not detract significantly from its overall performance, it may warrant further examination for potential financial stability concerns in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Leviticus 2523 Alternative Fund Inc legitimate?
Leviticus 2523 Alternative Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leviticus 2523 Alternative Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $461,572
Professional Fundraising Fees: $0
Other Salaries and Wages: $746,341
For more financial information, click here
Official website here: www.leviticusfund.org
What is the mission statement of Leviticus 2523 Alternative Fund Inc?
The Leviticus 25:23 Alternative Fund is guided by faith and the pursuit of economic justice. Its mission is to provide flexible capital, expertise, and advocacy to foster the growth of more equitable communities. The fund specifically targets vulnerable, low-income individuals, particularly those adversely affected by systemic racial and ethnic discrimination, aiming to help them thrive and live with dignity.
Official website here: www.leviticusfund.org
Who is the CEO of Leviticus 2523 Alternative Fund Inc?
Gregory Maher is the Executive Director of Leviticus 2523 Alternative Fund Inc.
Official website here: www.leviticusfund.org
What is the revenue of Leviticus 2523 Alternative Fund Inc?
Leviticus 2523 Alternative Fund Inc's revenue in 2022 was $9,522,448.
Official website here: www.leviticusfund.org
Who are the executives of Leviticus 2523 Alternative Fund Inc and what are their salaries?
The average compensation at Leviticus 2523 Alternative Fund Inc during 2022 was $92,916. There are 13 employees and 22 volunteers at Leviticus 2523 Alternative Fund Inc.
Here are 18 key members and their salaries:
- Compensation: $235,612
- Related: $0
- Other: $51,922
- Compensation: $144,000
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- Other: $29,775
- Compensation: $156,617
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- Other: $16,322
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Official website here: www.leviticusfund.org
Where can I find the form 990 for Leviticus 2523 Alternative Fund Inc?
Leviticus 2523 Alternative Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leviticusfund.org
Learn more at the official website: www.leviticusfund.org
Mission Statement of Leviticus 2523 Alternative Fund Inc
Leviticus 2523 Alternative Fund Inc is a nonprofit organization rooted in faith and the call for economic justice. They provide flexible capital, expertise, and advocacy to foster the growth of more equitable communities. The fund's mission is to create opportunities for vulnerable, low-income individuals, particularly those impacted by systemic racial and ethnic discrimination, to thrive and live with dignity. By offering flexible capital and expert guidance, Leviticus 2523 Alternative Fund Inc aims to empower these individuals and contribute to the development of fairer communities. Their work is dedicated to addressing the unique challenges faced by disadvantaged populations, with a focus on promoting economic justice and ensuring that everyone can live with dignity.
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Impact
August, 2024
Leviticus 25:23 Alternative Fund Inc's impact can be seen in the tangible support it provides to disadvantaged communities. Through its flexible capital and technical assistance, the fund propels the growth of more equitable communities. This translates into significant outcomes such as financing affordable housing units, supporting social service agencies for at-risk individuals and families, and contributing to the construction of educational facilities. By focusing on those harmed by systemic racial and ethnic discrimination, Leviticus 25:23 Alternative Fund Inc is actively creating opportunities for vulnerable, low-income people to thrive and live with dignity.
This information is meant to be a general summary of Leviticus 2523 Alternative Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $45,609
- Program Service Revenue: $3,963,716
- Gross Receipts: $9,522,448
Assets and Liabilities:
- Total Assets: $78,088,191
- Total Liabilities: $52,199,740
- Net Assets: $25,888,451
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST, PROJECT LOAN
Revenue
$3,525,318
COMMITMENT/CLOSING FEE
Revenue
$438,398
Organization Details
Founding Year
1983
Phone
(914) 909-4498Principal Officer
Gregory Maher
Main Address
220 WHITE PLAINS ROAD 125, TARRYTOWN, NY, 10591
Website
www.leviticusfund.orgNTEE Category
Code: P28Z - Human services
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