Nonprofit · EIN 04-2609432
2LIFE DEVELOPMENT INC
Tax-exempt · BRIGHTON, MA 02135
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,071,722 | $2,101,364 | $3,970,358 | $110,419,338 | $31,915,667 | $78,503,671 |
| December 31, 2023 | 990 | $11,934,871 | $1,693,803 | $10,241,068 | $91,836,133 | $18,170,359 | $73,665,774 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,800,987
- of which government grants
- $1,685,997
- Program service revenue
- $3,595,865
- Investment income
- $217,506
- Net rental income
- $457,364
- Net gain from sales of assets
- $110,020
- Other revenue
- $457,364
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,153,945
- Salaries, compensation and benefits (total)
- $1,534,766
- Professional fundraising fees
- $0
- Legal fees
- $2,805
- Accounting fees
- $21,350
- Occupancy
- $496,164
- Travel
- $1,524
- Depreciation
- $3,848
- Program services (functional)
- $1,546,914
- Management and general (functional)
- $554,450
Balance sheet and other
- Total assets, start of year
- $91,836,133
- Total assets, end of year
- $110,419,338
- Total liabilities, end of year
- $31,915,667
- Net assets, end of year
- $78,503,671
- Land, buildings and equipment
- $5,452
- Net assets without donor restrictions
- $78,503,671
- Gross receipts
- $8,837,372
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1975
- 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 Officer | 15 | $0 | $286,713 | $53,685 |
| AMY SCHECTMAN | CEO/PRESIDENT Officer | 1 | $0 | $282,073 | $36,606 |
| KAREN EDLUND | CHIEF OF BUSINESS STRATEGY /ASSISTANT TREASURER Officer | 5 | $0 | $216,157 | $31,400 |
| BENJAMIN MAHNKE | CFO, TREASURER Officer | 5 | $0 | $219,604 | $18,013 |
| MATTHEW BRETT | GENERAL COUNSEL/ ASSISTANT CLERK Officer | 10 | $0 | $232,001 | $2,230 |
| BERNARD KAPLAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL SHAEVEL | CHAIR / DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DONNA KALIKOW | VICE CHAIR / DIRECTOR Trustee or director, Officer | 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: 9 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 | 15 | $0 | $218,424 | $46,246 |
| KAREN EDLUND | CHIEF OF BUSINESS STRATEGY , TREASURER Officer | 5 | $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, Officer | 1 | $0 | $0 | $0 |
| JEFF SACKS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMAN POSNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HENRY KORMAN | FORMER GENERAL COUNCIL / ASSISTANT CLERK Officer | 5 | $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, CFO
- Phone
- (617) 912-8400
- Website
- WWW.2LIFECOMMUNITIES.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE ENTITY PROVIDES REAL ESTATE DEVELOPMENT SUPPORT FOR NEW CONSTRUCTION AND RENOVATION ACTIVITIES TO RELATED 2LIFE ENTITIES IN THEIR MISSION TO PROVIDE HOUSING TO LOW INCOME SENIORS AND THE HANDICAPPED.
Program accomplishments
- 2LIFE DEVELOPMENT INC. PROVIDES FINANCING AND SERVES AS DEVELOPER FOR LOW INCOME HOUSING PROJECTS FOR LOW INCOME SENIORS AND THE HANDICAPPED.Expenses $1,546,914 · revenue $3,595,865
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
- 04-2609432
- 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
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L190)
- Assets (IRS master file)
- $110,419,338
- Income (IRS master file)
- $8,837,372
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,071,722 | $2,101,364 | $110,419,338 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $11,934,871 | $1,693,803 | $91,836,133 | XML |
| 990 | December 2022 | $6,196,005 | $1,638,588 | $79,101,869 | 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 04-2609432).
Questions about 2LIFE DEVELOPMENT INC
- What is the EIN of 2LIFE DEVELOPMENT INC?
- The employer identification number (EIN) of 2LIFE DEVELOPMENT INC is 04-2609432.
- Is 2LIFE DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to 2LIFE DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 2LIFE DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names BENJAMIN MAHNKE.
- Who are the officers and directors of 2LIFE DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does 2LIFE DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,071,722, expenses of $2,101,364 and total assets of $110,419,338 at year end.
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All nonprofits in BRIGHTON · Massachusetts · Housing and shelter