2LIFE OPUS INC

EIN: 881689252 501(c)(3) Housing & Shelter

BRIGHTON, MA

Total Revenue
$55,147
Total Expenses
$42,250
Total Assets
$4,045,647
Net Assets
$12,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MA
Principal Officer
BENJAMIN MAHNKE
Phone
6179128400
Tax Period
2023-01-01 to 2023-12-31

2LIFE OPUS INC, founded in 2022, is a micro nonprofit in the Housing & Shelter sector that reported $55K in total revenue in fiscal year 2023. The organization ran a surplus of $13K, a strong 23% operating margin.

Mission

2LIFE OPUS INC SPONSORS AN AFFORDABLE ELDERLY PROJECT, AND WORKS COLLABORATIVELY WITH AFFILIATE 2LIFE NONPROFIT ORGANIZATIONS TO DO SO. 2LIFE OPUS INC WILL DEVELOP AND SUSTAIN AFFORDABLE AND LOW-INCOME HOUSING, CONSISTENT WITH ALL APPLICABLE STATE AND FEDERAL SAFE HARBOR REQUIREMENTS AND WILL PROVIDE RELATED RESIDENT SERVICES WITHIN SUCH HOUSING FACILITIES WHICH ARE CONSISTENT WITH COMMUNITITY NEEDS AND DESIRES. IN ADDITION, THE ORGANIZATION WILL PROVIDE NONPROFIT HOUSING FOR USE AND OCCUPANCY BY ELDERLY PERSONS, AND WILL PROVIDE SERVICES WHICH WILL ENHANCE THE ABILITIY OF SUCH PERSONS TO LIVE SAFE, USEFUL AND INDEPENDENT LIVES INCLUDING ACCESS TO HEALTH AND SOCIAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $40,287 Revenue: $55,147

2LIFE OPUS INC SPONSORS AN AFFORDABLE ELDERLY PROJECT, AND WORKS COLLABORATIVELY WITH AFFILIATE 2LIFE NONPROFIT ORGANIZATIONS TO DO SO. 2LIFE OPUS INC WILL DEVELOP AND SUSTAIN AFFORDABLE AND...

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2LIFE OPUS INC SPONSORS AN AFFORDABLE ELDERLY PROJECT, AND WORKS COLLABORATIVELY WITH AFFILIATE 2LIFE NONPROFIT ORGANIZATIONS TO DO SO. 2LIFE OPUS INC WILL DEVELOP AND SUSTAIN AFFORDABLE AND LOW-INCOME HOUSING, CONSISTENT WITH ALL APPLICABLE STATE AND FEDERAL SAFE HARBOR REQUIREMENTS AND WILL PROVIDE RELATED RESIDENT SERVICES WITHIN SUCH HOUSING FACILITIES WHICH ARE CONSISTENT WITH COMMUNITITY NEEDS AND DESIRES. IN ADDITION, THE ORGANIZATION WILL PROVIDE NONPROFIT HOUSING FOR USE AND OCCUPANCY BY ELDERLY PERSONS, AND WILL PROVIDE SERVICES WHICH WILL ENHANCE THE ABILITIY OF SUCH PERSONS TO LIVE SAFE, USEFUL AND INDEPENDENT LIVES INCLUDING ACCESS TO HEALTH AND SOCIAL SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $55,147
Investment Income $0
Other Revenue $0
TOTAL REVENUE $55,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,287
Other Expenses $42,250
TOTAL EXPENSES $42,250

Year-over-Year Comparison

2023 2022 Change
Revenue $55,147 N/A N/A
Expenses $42,250 N/A N/A
Net Income $12,897 $0 N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$813,938
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM SCOTT DIRECTOR 1.00
Director
$0 $0 $0
JEFF SACKS CHAIR AND DIRECTOR 1.00
Officer Director
$0 $0 $0
ROBERT GIFFORD DIRECTOR 1.00
Director
$0 $0 $0
AMY SCHECTMAN PRESIDENT 1.00
Officer
$0 $13,523 $315,748
HENRY KORMAN OUTGOING GENERAL COUNSEL/ASSISTANT CLERK 1.00
Officer
$0 $0 $0
KAREN EDLUND CHIEF FINANCIAL OFFICER/TR 5.00
Officer
$0 $26,147 $233,520
LIZBETH HEYER VICE PRESIDENT, CLERK 1.00
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 $55,147 $42,250 $4,045,647 $12,897
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