2LIFE OPUS NEWTON INC

EIN: 881716971 501(c)(3) Housing & Shelter

BRIGHTON, MA

Total Revenue
$113,503
Total Expenses
$55,499
Total Assets
$23,881,024
Net Assets
$68,034
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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 NEWTON INC, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $114K in total revenue in fiscal year 2023. Revenue surged 1032% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 51% 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 $0
Investment Income $84,677
Other Revenue $28,826
TOTAL REVENUE $113,503

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,499
Other Expenses $55,499
TOTAL EXPENSES $55,499

Year-over-Year Comparison

2023 2022 Change
Revenue $113,503 $10,030 +10.3%
Expenses $55,499 N/A N/A
Net Income $58,004 $10,030 +4.8%
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

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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
ROBERT GIFFORD DIRECTOR 1.00
Director
$0 $0 $0
ADAM SCOTT DIRECTOR 1.00
Director
$0 $0 $0
JEFF SACKS CHAIR/DIRECTOR 1.00
Officer Director
$0 $0 $0
AMY SCHECTMAN PRESIDENT 1.00
Officer
$0 $13,523 $315,748
LIZBETH HEYER VICE PRESIDENT/CLERK 1.00
Officer
$0 $46,246 $264,670
KAREN EDLUND CHIEF OF BUSINESS STRATEGY, TREASURER 5.00
Officer
$0 $26,147 $233,520
HENRY KORMAN FORMER GENERAL COUNCIL, ASSISTANT CLERK 1.00
Officer
$0 $0 $0
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 $113,503 $55,499 $23,881,024 $58,004
2022 $10,030 No data $4,616,864 No data
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