2LIFE DEVELOPMENT 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

1975

Legal Domicile

Principal Officer

BENJAMIN MAHNKE

Phone

6179128400

Tax Period

2024-01-01 to 2024-12-31

2LIFE DEVELOPMENT INC, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $6.1M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.0M, a strong 65% operating margin.

Mission

THE ENTITY PROVIDES REAL ESTATE DEVELOPMENT SUPPORT FOR NEW CONSTRUCTION AND RENOVATION ACTIVITIES TO RELATED 2LIFE ENTITIES IN THEIR MISSION TO PROVIDE HOUSING TO LOW INCOME SENIORS AND THE HANDICAPPED.

Program Service Accomplishments

Program 1

Expenses: $1,546,914 Revenue: $3,595,865

2LIFE DEVELOPMENT INC. PROVIDES FINANCING AND SERVES AS DEVELOPER FOR LOW INCOME HOUSING PROJECTS FOR LOW INCOME SENIORS AND THE HANDICAPPED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,800,987

Program Service Revenue $3,595,865

Investment Income $217,506

Other Revenue $457,364

TOTAL REVENUE $6,071,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,534,766

Fundraising Expenses $0

Program Expenses $1,546,914

Other Expenses $566,598

TOTAL EXPENSES $2,101,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,071,722	$11,934,871	-0.5%
Expenses	$2,101,364	$1,693,803	+0.2%
Net Income	$3,970,358	$10,241,068	-0.6%

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

$1,378,482

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	CHAIR / DIRECTOR	1.00	Officer Director	$0	$0	$0
DONNA KALIKOW	VICE CHAIR / DIRECTOR	1.00	Officer Director	$0	$0	$0
LAURA EFRON	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN POSNER	DIRECTOR	1.00	Director	$0	$0	$0
AMY SCHECTMAN	CEO/PRESIDENT	1.00	Officer	$0	$36,606	$318,679
BENJAMIN MAHNKE	CFO, TREASURER	5.00	Officer	$0	$18,013	$237,617
KAREN EDLUND	CHIEF OF BUSINESS STRATEGY /ASSISTANT TREASURER	5.00	Officer	$0	$31,400	$247,557
LIZBETH HEYER	VICE PRESIDENT / CLERK	15.00	Officer	$0	$53,685	$340,398
MATTHEW BRETT	GENERAL COUNSEL/ ASSISTANT CLERK	10.00	Officer	$0	$2,230	$234,231

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	$6,071,722	$2,101,364	$110,419,338	$3,970,358
2023	$11,934,871	$1,693,803	$91,836,133	$10,241,068
2022	$6,196,005	$1,638,588	$79,101,869	$4,557,417
2021	$18,442,494	$9,717,633	$71,180,944	$8,724,861
2020	$8,497,057	$936,497	$62,631,519	$7,560,560
2018	$380,380	$1,097,583	$27,707,791	$-717,203