2LIFE COMMUNITIES SERVICES INC

EIN: 043166862 501(c)(3)

BRIGHTON, MA

Total Revenue
$7,187,458
Total Expenses
$7,407,662
Total Assets
$14,000,852
Net Assets
$9,032,248
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Principal Officer
BENJAMIN MAHNKE
Phone
6179128400
Tax Period
2024-01-01 to 2024-12-31

2LIFE COMMUNITIES SERVICES INC, founded in 1992, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024.

Mission

2LIFE BUILDS & OPERATES HOUSING FOR LOW INCOME SENIORS & OFFERS SERVICES TO ENHANCE INDEPENDENCE AND DIGNITY. INSPIRED BY JEWISH VALUES, 2LIFE COMMUNITIES ARE NONSECTARIAN.2LIFE SERVICES, INC. ("SERVICES") PROVIDES RESIDENT SERVICES FOR 2LIFE'S TWELVE HUD SUBSIDIZED SENIOR DEVELOPMENTS OWNED AND MANAGED BY RELATED ENTITIES, THAT ENABLE 2LIFE'S RESIDENTS TO AGE WELL AND OBTAIN THE SUPPORT NEEDED TO REMAIN IN THEIR 2LIFE HOMES. IN ADDITION, THE ORGANIZATION DEVELOPS THE REFINANCING AND RENOVATION OF 2LIFE'S OLDEST BUILDINGS, AND THE FINANCING AND CONSTRUCTION OF NEW PUBLICLY ASSISTED AFFORDABLE HOUSING. THE ORGANIZATION OVERSEES PROPERTY OPERATIONS, INCLUDING ACTIVITIES DESIGNED TO INSURE COMPLIANCE WITH ALL PERTINENT GOVERNMENT REGULATIONS, AND PROVIDES MANAGEMENT SUPPORT IN AREAS OF ACCOUNTING AND INFORMATION TECHNOLOGY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,161,216
Program Service Revenue $4,035,718
Investment Income $-9,476
Other Revenue $0
TOTAL REVENUE $7,187,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,820,745
Fundraising Expenses $0
Program Expenses $4,689,488
Other Expenses $2,586,917
TOTAL EXPENSES $7,407,662

Year-over-Year Comparison

2024 2023 Change
Revenue $7,187,458 $6,674,035 +0.1%
Expenses $7,407,662 $6,860,062 +0.1%
Net Income $-220,204 $-186,027 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
282
Volunteers
149

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
7
$1,378,482
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
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 5.00
Officer
$282,073 $36,606 $318,679
BENJAMIN MAHNKE CFO, TREASURER 10.00
Officer
$219,604 $18,013 $237,617
KAREN EDLUND CHIEF OF BUSINESS STRATEGY /ASSISTANT TREASURER 10.00
Officer
$216,157 $31,400 $247,557
LIZBETH HEYER VICE PRESIDENT / CLERK 15.00
Officer
$286,713 $53,685 $340,398
MATTHEW BRETT GENERAL COUNSEL/ ASSISTANT CLERK 10.00
Officer
$232,001 $2,230 $234,231
ELIJAH LAPSON CHIEF TECHNOLOGY OFFICER 10.00
Highest
$196,746 $52,520 $249,266
JAMES MONTAGUE CHIEF HUMAN RESOURCES OFFICER 15.00
Highest
$187,710 $35,791 $223,501
MATTHEW QUINN SENIOR DIRECTOR/REAL ESTATE AND CORP FINANCE 10.00
Highest
$179,128 $30,848 $209,976
SUSAN APPELBAUM CHIEF DEVELOPMENT OFFICER 1.00
Highest
$190,905 $9,265 $200,170
ZOE WEINROBE CHIEF OF REAL ESTATE 1.00
Highest
$182,550 $25,135 $207,685
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 $7,187,458 $7,407,662 $14,000,852 $-220,204
2023 $6,674,035 $6,860,062 $16,624,692 $-186,027
2022 $5,395,396 $5,081,773 $14,799,302 $313,623
2021 $15,464,952 $9,144,265 $14,714,646 $6,320,687
2020 $6,121,122 $5,913,806 $9,138,132 $207,316
2018 $4,501,500 $4,237,445 $3,139,294 $264,055
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