2LIFE REALTY INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

BENJAMIN MAHNKE

Phone

6179128400

Tax Period

2023-01-01 to 2023-12-31

2LIFE REALTY INC, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $457K in total revenue in fiscal year 2023. Expenses of $2.2M exceeded revenue, resulting in a 371% operating deficit.

Mission

2LIFE REALTY INC. PROVIDES ASSET MANAGEMENT, DEVELOPMENT SERVICES AND FUNDS FOR IMPROVEMENTS TO PROPERTIES OWNED BY RELATED 2LIFE ENTITIES THAT PROVIDE AFFORDABLE HOUSING TO LOW INCOME SENIORS.

Program Service Accomplishments

Program 1

Expenses: $2,000,000 Revenue: $276,267

2LIFE REALTY INC. HAS PROVIDED FUNDING FOR AND MADE RENOVATIONS AND IMPROVEMENTS TO 2LIFE PROPERTIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $277,548

Investment Income $136,365

Other Revenue $42,953

TOTAL REVENUE $456,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,730

Fundraising Expenses $0

Program Expenses $2,000,000

Other Expenses $2,101,079

TOTAL EXPENSES $2,151,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$456,866	$450,227	+0.0%
Expenses	$2,151,809	$2,105,966	+0.0%
Net Income	$-1,694,943	$-1,655,739	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$813,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL SHAEVEL	CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
DONNA KALIKOW	VICE-CHAIR AND DIRECTOR	1.00	Director	$0	$0	$0
JEFF SACKS	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN POSNER	DIRECTOR	1.00	Director	$0	$0	$0
AMY SCHECTMAN	CEO, PRESIDENT	1.00	Officer	$0	$13,523	$315,748
KAREN EDLUND	CHIEF FINANCIAL OFFICER/TR	1.00	Officer	$0	$26,147	$233,520
LIZBETH HEYER	VICE PRESIDENT/CLERK	4.00	Officer	$0	$46,246	$264,670

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
2024	No data	No data	No data	No data
2023	$456,866	$2,151,809	$17,356,338	$-1,694,943
2022	$450,227	$2,105,966	$18,756,919	$-1,655,739
2021	$506,969	$142,149	$18,562,354	$364,820
2020	$448,095	$2,045,590	$17,752,518	$-1,597,495
2018	$5,335,943	$42,723	$21,180,767	$5,293,220