Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $114,990

• 1e · Government grants (contributions)

  $1,685,997

• 2a · Program service revenue: DEVELOPER FEE

  total $1,782,197 · related or exempt $1,782,197

• 2b · Program service revenue: PROGRAM INTEREST

  total $1,569,665 · related or exempt $1,569,665

• 2c · Program service revenue: ENERGY GRANTS

  total $244,003 · related or exempt $244,003

• 3 · Investment income

  total $107,486 · excluded $107,486

• 6a · Gross rents

  real property $457,364

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $457,364

• 6d · Net rental income or loss

  total $457,364 · excluded $457,364

• 7a · Gross sales of assets other than inventory

  securities $2,875,670

• 7b · Less cost or other basis and sales expenses

  securities $2,765,650

• 7c · Gain or loss

  securities $110,020

• 7d · Net gain or loss

  total $110,020 · excluded $110,020

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,153,945 · program services $1,153,945

• 8 · Pension plan contributions

  total $21,741 · program services $21,741

• 9 · Other employee benefits

  total $269,966 · program services $269,966

• 10 · Payroll taxes

  total $89,114 · program services $89,114

• 11b · Fees: legal

  total $2,805 · management and general $2,805

• 11c · Fees: accounting

  total $21,350 · management and general $21,350

• 12 · Advertising and promotion

  total $123 · management and general $123

• 13 · Office expenses

  total $5,619 · management and general $5,619

• 16 · Occupancy

  total $496,164 · management and general $496,164

• 17 · Travel

  total $1,524 · management and general $1,524

• 19 · Conferences, conventions and meetings

  total $9,021 · management and general $9,021

• 22 · Depreciation, depletion and amortization

  total $3,848 · program services $3,848

• 24a · Other expenses: FINANCIAL EXPENSES

  total $13,464 · management and general $13,464

• 24b · Other expenses: UBI FEDERAL TAX PAYMENT

  total $3,040 · management and general $3,040

• 24c · Other expenses: UBI STATE TAX PAYMENTS

  total $1,340 · management and general $1,340

• 24e · All other expenses

  total $8,300 · program services $8,300

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,250,346 · end of year $32,823

• 4 · Accounts receivable

  beginning of year $9,410,276 · end of year $5,865,104

• 7 · Other notes and loans receivable

  beginning of year $65,805,867 · end of year $78,115,186

• 9 · Prepaid expenses and deferred charges

  beginning of year $39,032

• 10a · Land, buildings and equipment: cost or other basis

  $19,242

• 10b · Land, buildings and equipment: accumulated depreciation

  $13,790

• 10c · Land, buildings and equipment, net

  beginning of year $9,300 · end of year $5,452

• 12 · Investments: other securities

  beginning of year $7,944,441 · end of year $9,125,416

• 15 · Other assets

  beginning of year $6,376,871 · end of year $17,275,357

• 17 · Accounts payable and accrued expenses

  beginning of year $209,259 · end of year $145,902

• 19 · Deferred revenue

  end of year $4,905,000

• 21 · Escrow or custodial account liability

  beginning of year $14,307 · end of year $16,557

• 23 · Secured mortgages and notes payable

  beginning of year $15,167,782 · end of year $17,752,859

• 25 · Other liabilities

  beginning of year $2,779,011 · end of year $9,095,349

• 27 · Net assets without donor restrictions

  beginning of year $73,665,774 · end of year $78,503,671

The filer's explanations (Part III)

PART I, LINE 7

DISCRETIONARY BONUSES ARE AWARDED AND INCLUDED ON PART II COLUMN B (II). THE BOARD OF DIRECTORS, VIA THE COMPENSATION COMMITTEE, APPROVES THE BONUSES FOR THE CEO AND VICE PRESIDENT. ALL OTHER BONUSES ARE APPROVED BY THE CEO.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 2LIFE HOLDINGS LLC

  LOW INC HSING · MA · income $0 · assets $0

  Directly controlled by 2LIFE DEVELOPMENT INC

Related partnerships

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

• 2LIFE 370 HARVARD LLC

  LOW INCOME HS · MA

• 2LIFE BROOK HOUSE LLC

  LOW INCOME HS · MA

• 2LIFE BROOK HOUSE MM LLC

  LOW INCOME HS · MA

• 2LIFE GOLDA EXPANSION

  LOW INCOME HS · MA

• 2LIFE GOLDA LIMITED PARTNERSHIP

  LOW INCOME HS · MA

• 2LIFE JJ CARROLL LLC

  LOW INCOME HS · MA

• 2LIFE KURLAT LLC

  LOW INCOME HS · MA

• 2LIFE LELAND LLC

  LOW INCOME HS · MA

• 2LIFE LELAND MM LLC

  LOW INCOME HS · MA

• 2LIFE LEVENTHAL LIMITED PARTNERSHIP

  LOW INCOME HS · MA

• 2LIFE SHILLMAN LIMITED PARTNERSHIP

  LOW INCOME HS · MA

• 2LIFE SOLIMINE 4 LLC

  LOW INCOME HS · MA

• 2LIFE SOLIMINE 4 MM LLC

  LOW INCOME HS · MA

• 2LIFE SOLIMINE 9 LLC

  LOW INCOME HS · MA

• 2LIFE SOLIMINE 9 MM LLC

  LOW INCOME HS · MA

• 2LIFE TREEHOUSE BOSTON LLC

  LOW INCOME HS · MA

• 2LIFE TREEHOUSE BOSTON MM LLC

  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

Related corporations and trusts

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

• 2LIFE 370 HARVARD MM LLC

  C · LOW INCOME HS · MA

• 2LIFE GOLDA EXPANSION GP LLC

  C · LOW INCOME HS · MA

• 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

• SHIRLEY COMMONS MM LLC

  C · LOW INCOME HS · MA