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)

4 risk indicators measuring financial stability and operational resilience

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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 IS DEDICATED TO THE VISION THAT EVERY OLDER ADULT SHOULD HAVE THE OPPORTUNITY TO LIVE A FULL LIFE OF CONNECTION AND PURPOSE IN A DYNAMIC SUPPORTIVE ENVIRONMENT. 2LIFE CALLS THIS CONCEPT "AGING IN COMMUNITY AND 2LIFE AIMS TO ALLOW INDIVIDUALS TO DO SO WITH A FOCUS ON AFFORDABILITY. 2LIFE MISSION IS TO WELCOME SENIORS OF ALL BACKGROUNDS AND TO ENABLE AGING IN COMMUNITIES OF ENGAGEMENT, CONNECTION AND PURPOSE BY PROVIDING SUPERIOR AFFORDABLE HOUSING, PROVIDING SUPPORT SERVICES THAT MEET THE NEEDS OF DIVERSE RESIDENTS AS THEY AGE, BUILDING CONNECTION AND COMMUNITY WITHIN ITS WALLS AND IN ITS SURROUNDING NEIGHBORHOODS AND PROMOTING AGING IN COMMUNITY AS A PREFERRED CHOICE FOR HEALTHY AGING.

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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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