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Nonprofiteer
← 2LIFE OPUS NEWTON INC

Form 990 for tax year 2023

Filed by 2LIFE OPUS NEWTON INC.

Totals

Total revenue
$113,503
Total expenses
$55,499
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$84,677
Other revenue
$28,826
Total assets, end of year
$23,881,024
Total liabilities, end of year
$23,812,990
Net assets or fund balances, end of year
$68,034
Program services expenses (Part IX)
$55,499
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$55,499

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $84,677 · excluded $84,677

  • 11a · Other revenue: ADMIN FEE REVENUE

    total $28,826 · related or exempt $28,826

  • 11e · Other revenue, total

    $28,826

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $55,147 · program services $55,147

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $352 · program services $352

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,316,030 · end of year $6,232,295

  • 13 · Investments: program-related

    end of year $17,573,655

  • 15 · Other assets

    beginning of year $300,834 · end of year $75,074

  • 17 · Accounts payable and accrued expenses

    beginning of year $500 · end of year $851

  • 21 · Escrow or custodial account liability

    end of year $104,500

  • 23 · Secured mortgages and notes payable

    end of year $17,628,802

  • 25 · Other liabilities

    beginning of year $4,606,334 · end of year $6,078,837

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,030 · end of year $68,034

Mission and programs · 2023

Mission

2LIFE OPUS NEWTON INC DEVELOPS, OWNS AND OPERATES ELDERLY HOUSING TO QUALIFIED PERSONS IN NEWTON, MASSACHUSETTS, AND WILL PROVIDE A BROAD RANGE OF SOCIAL AND SUPPORTIVE SERVICES WITHIN SUCH HOUSING FACILITY. THE 2LIFE OPUS NEWTON INC WILL OPERATE A MODERATE-INCOME SENIOR LIVING FACILITY EXCLUSIVELY FOR RESIDENTS 62 YEARS OF AGE AND OLDER LOCATED IN NEWTON, MASSACHUSETTS.

Activities or mission (Part I)

SEE SCHEDULE O.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.

  • THE FACILITY WILL CONSIST OF INDEPENDENT LIVING APARTMENTS WITH SUPPORTIVE AND SOCIAL SERVICES, INCLUDING FITNESS AND WELLNESS OFFERINGS, SPIRITUAL PROGRAMMING, A SOCIAL DAY PROGRAM, ACCESS TO TRANSPORTATION COORDINATION ASSISTANCE, ON-SITE CARE NAVIGATION FOR RESIDENTS NEEDING SUPPORTIVE SERVICES, ON-SITE WELLNESS CENTER WITH SERVICES AVAILABLE FROM THIRD PARTY CARE PARTNERS, LONG-TERM SUPPORTS (INCLUDING PERSONAL CARE AND HOME HEALTH CARE) ON A FEE FOR SERVICE BASIS, ON-SITE SOCIAL ENGAGEMENT PROGRAM WITH SPECIALIZED ACTIVITIES FOR RESIDENTS WITH MEMORY LOSS OR PHYSICAL IMPAIRMENT, AND MANY VOLUNTEER OPPORTUNITIES FOR RESIDENTS.

    Expenses $55,499 · Revenue $28,826

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Gifford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Adam Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeff Sacks

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Amy Schectman

    PRESIDENT

    Total calculated
    $315,748
    From this org
    $0
    From related orgs
    $302,225
    Other
    $13,523
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,229 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $30,996 related
    Deferred
    $0 + $13,523 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $315,748 related

  • Lizbeth Heyer

    VICE PRESIDENT/CLERK

    Total calculated
    $264,670
    From this org
    $0
    From related orgs
    $218,424
    Other
    $46,246
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,286 related
    Bonus
    $0
    Other
    $0 + $8,138 related
    Deferred
    $0 + $11,014 related
    Nontaxable benefits
    $0 + $35,232 related
    Filer's total
    $0 + $264,670 related

  • Karen Edlund

    CHIEF OF BUSINESS STRATEGY, TREASURER

    Total calculated
    $233,520
    From this org
    $0
    From related orgs
    $207,373
    Other
    $26,147
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,050 related
    Bonus
    $0 + $7,500 related
    Other
    $0 + $8,823 related
    Deferred
    $0 + $10,148 related
    Nontaxable benefits
    $0 + $15,999 related
    Filer's total
    $0 + $233,520 related

  • Henry Korman

    FORMER GENERAL COUNCIL, ASSISTANT CLERK

    Total calculated
    $0
    Hours/week
    1 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 2LIFE 370 HARVARD LLC

    LOW INCOME HS · MA

  • 2LIFE GOLDA EXPANSION LIMITED PARTNERSHIP

    LOW INCOME HS · MA

  • 2LIFE GOLDA LIMITED PARTNERSHIP

    LOW INCOME HS · MA

  • 2LIFE KURLAT LLC

    LOW INCOME HS · MA

  • 2LIFE LEVENTHAL LIMITED PARTNERSHIP

    LOW INCOME HS · MA

  • 2LIFE SHILLMAN LIMITED PARTNERSHIP

    LOW INCOME HS · MA

  • 2LIFE ULIN LIMITED PARTNERSHIP

    LOW INCOME HS · MA

  • 2LIFE WEINBERG LLC

    LOW INCOME HS · MA

  • SHIRLEY COMMONS LLC

    LOW INCOME HS · MA

  • 2LIFE JJ CARROLL LLC

    LOW INCOME HS · MA

  • 2LIFE LELAND MM LLC

    LOW INCOME HS · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 2LIFE GOLDA GP LLC

    C · LOW INCOME HS · MA

  • 2LIFE LEVENTHAL INC

    C · LOW INCOME HS · MA

  • 2LIFE SHILLMAN INC

    C · LOW INCOME HS · MA

  • 2LIFE ULIN INC

    C · LOW INCOME HS · MA

  • 2LIFE WEINBERG MM LLC

    C · LOW INCOME HS · MA

  • 2LIFE 370 HARVARD MM LLC

    C · LOW INCOME HS · MA

  • SHIRLEY COMMONS MM LLC

    C · LOW INCOME HS · MA

  • 2LIFE GOLDA EXPANSION GP LLC

    C · LOW INCOME HS · MA

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349312708

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