Nonprofit · EIN 04-2505972
2LIFE REALTY INC
Tax-exempt · BRIGHTON, MA 02135
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $234,764 | $5,103,579 | -$4,868,815 | $12,738,511 | $2,447,201 | $10,291,310 |
| December 31, 2023 | 990 | $456,866 | $2,151,809 | -$1,694,943 | $17,356,338 | $2,512,591 | $14,843,747 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $136,493
- Investment income
- $43,298
- Net rental income
- $37,198
- Net gain from sales of assets
- -$76,469
- Other revenue
- $54,973
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,450
- Occupancy
- $85,011
- Depreciation
- $3,594
- Program services (functional)
- $5,000,000
- Management and general (functional)
- $103,579
Balance sheet and other
- Total assets, start of year
- $17,356,338
- Total assets, end of year
- $12,738,511
- Total liabilities, end of year
- $2,447,201
- Net assets, end of year
- $10,291,310
- Land, buildings and equipment
- $134,466
- Publicly traded securities
- $2,788,342
- Net assets without donor restrictions
- $10,291,310
- Gross receipts
- $2,863,571
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1982
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LIZBETH HEYER | VICE PRESIDENT&CLERK/PRESIDENT Officer | 4 | $0 | $286,713 | $53,685 |
| AMY SCHECTMAN | PRESIDENT, CEO Officer | 1 | $0 | $282,073 | $36,606 |
| KAREN EDLUND | ASSISTANT TREASURER, CHIEF OF BUSINESS STRATEGY Officer | 1 | $0 | $216,157 | $31,400 |
| BENJAMIN MAHNKE | TREASURER, CFO Officer | 1 | $0 | $219,604 | $18,013 |
| MATTHEW BRETT | ASSISTANT CLERK/GENERAL COUNSEL Officer | 1 | $0 | $232,001 | $2,230 |
| BERNARD KAPLAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL SHAEVEL | CHAIRMAN/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DONNA KALIKOW | VICE-CHAIR AND DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURA EFRON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMAN POSNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AMY SCHECTMAN | CEO, PRESIDENT Officer | 1 | $0 | $302,225 | $13,523 |
| LIZBETH HEYER | VICE PRESIDENT/CLERK Officer | 4 | $0 | $218,424 | $46,246 |
| KAREN EDLUND | CHIEF FINANCIAL OFFICER/TR Officer | 1 | $0 | $207,373 | $26,147 |
| BERNARD KAPLAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL SHAEVEL | CHAIRMAN/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DONNA KALIKOW | VICE-CHAIR AND DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFF SACKS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMAN POSNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 WALLINGFORD ROAD, BRIGHTON, MA 02135-4708
- In care of
- % DIANE LEEMING
- Principal officer (990 for 2024)
- BENJAMIN MAHNKE, 30 WALLINGFORD ROAD, BRIGHTON, MA 02135
- Signed the 990
- BENJAMIN MAHNKE, OFFICER
- Phone
- (617) 912-8400
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
2LIFE REALTY INC. PROVIDES ASSET MANAGEMENT, DEVELOPMENT SERVICES AND FUNDS FOR IMPROVEMENTS TO PROPERTIES OWNED BY RELATED 2LIFE ENTITIES THAT PROVIDE AFFORDABLE HOUSING TO LOW INCOME SENIORS.
Program accomplishments
- 2LIFE REALTY INC. HAS PROVIDED FUNDING FOR AND MADE RENOVATIONS AND IMPROVEMENTS TO 2LIFE PROPERTIES.Expenses $5,000,000 · revenue $154,268
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2505972
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $12,738,511
- Income (IRS master file)
- $2,863,571
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $234,764 | $5,103,579 | $12,738,511 | IRS |
| 990 | December 2023 | $456,866 | $2,151,809 | $17,356,338 | XML |
| 990 | December 2022 | $450,227 | $2,105,966 | $18,756,919 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2505972).
Questions about 2LIFE REALTY INC
- What is the EIN of 2LIFE REALTY INC?
- The employer identification number (EIN) of 2LIFE REALTY INC is 04-2505972.
- Is 2LIFE REALTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to 2LIFE REALTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 2LIFE REALTY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 2LIFE REALTY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 2LIFE REALTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 2LIFE REALTY INC?
- The 990 for the year ended December 31, 2024 names BENJAMIN MAHNKE.
- Who are the officers and directors of 2LIFE REALTY INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does 2LIFE REALTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $234,764, expenses of $5,103,579 and total assets of $12,738,511 at year end.
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