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Nonprofiteer
← 2LIFE PARTNERS INC

Form 990 for tax year 2024

Filed by 2LIFE PARTNERS INC.

Totals

Total revenue
$13,281,155
Total expenses
$8,877,177
Contributions and grants received
$9,083,896
Grants paid
$0
Program service revenue
$4,032,414
Investment income
$164,845
Other revenue
$0
Total assets, end of year
$90,922,611
Total liabilities, end of year
$91,832,052
Net assets or fund balances, end of year
-$909,441
Program services expenses (Part IX)
$8,872,964
Management and general expenses
$4,213
Fundraising expenses
$0
Program service expenses (Part III)
$8,872,964

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.

  • 1d · Related organizations

    $7,078,642

  • 1e · Government grants (contributions)

    $2,005,254

  • 2a · Program service revenue: RENTAL INCOME

    total $3,992,028 · related or exempt $3,992,028

  • 2b · Program service revenue: INCENTIVE PARTNERSHIP MANAGEMENT

    total $40,386 · related or exempt $40,386

  • 3 · Investment income

    total $164,845 · excluded $164,845

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $688,441 · program services $688,441

  • 8 · Pension plan contributions

    total $23,380 · program services $23,380

  • 9 · Other employee benefits

    total $153,887 · program services $153,887

  • 10 · Payroll taxes

    total $49,257 · program services $49,257

  • 11a · Fees: management

    total $196,976 · program services $196,976

  • 11b · Fees: legal

    total $1,405 · program services $1,405

  • 11c · Fees: accounting

    total $40,662 · program services $40,662

  • 13 · Office expenses

    total $68,217 · program services $64,347 · management and general $3,870

  • 14 · Information technology

    total $37,150 · program services $36,807 · management and general $343

  • 16 · Occupancy

    total $350,193 · program services $350,193

  • 19 · Conferences, conventions and meetings

    total $5,084 · program services $5,084

  • 20 · Interest

    total $946,234 · program services $946,234

  • 21 · Payments to affiliates

    total $4,705,969 · program services $4,705,969

  • 22 · Depreciation, depletion and amortization

    total $808,141 · program services $808,141

  • 23 · Insurance

    total $200,360 · program services $200,360

  • 24a · Other expenses: REPAIRS

    total $388,698 · program services $388,698

  • 24b · Other expenses: REAL ESTATE TAXES

    total $168,981 · program services $168,981

  • 24e · All other expenses

    total $44,142 · program services $44,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,894,354 · end of year $2,904,944

  • 4 · Accounts receivable

    beginning of year $198,354 · end of year $848,087

  • 7 · Other notes and loans receivable

    beginning of year $3,580,201 · end of year $48,716

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,001 · end of year $116,706

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

    $37,459,969

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

    $1,669,257

  • 10c · Land, buildings and equipment, net

    beginning of year $4,745,083 · end of year $35,790,712

  • 13 · Investments: program-related

    beginning of year $42,265,788 · end of year $50,796,229

  • 14 · Intangible assets

    beginning of year $38,797 · end of year $37,687

  • 15 · Other assets

    beginning of year $44,163,466 · end of year $379,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,492,630 · end of year $898,346

  • 19 · Deferred revenue

    beginning of year $50,355 · end of year $867

  • 23 · Secured mortgages and notes payable

    beginning of year $73,463,179 · end of year $71,329,410

  • 24 · Unsecured notes and loans payable

    beginning of year $14,496,908 · end of year $8,901,495

  • 25 · Other liabilities

    beginning of year $8,224,438 · end of year $10,701,934

  • 27 · Net assets without donor restrictions

    beginning of year -$2,722,466 · end of year -$909,441

Mission and programs · 2024

Mission

2LIFE BUILDS & OPERATES HOUSING FOR LOW INCOME SENIORS & OFFERS SERVICES TO ENHANCE INDEPENDENCE AND DIGNITY. INSPIRED BY JEWISH VALUES, 2LIFE COMMUNITIES ARE NONSECTARIAN. 2LIFE PARTNERS, INC. ("PARTNERS") PROVIDES RESIDENT SERVICES FOR 2LIFE'S TWELVE HUD SUBSIDIZED SENIOR DEVELOPMENTS OWNED AND MANAGED BY RELATED ENTITIES, THAT ENABLE 2LIFE'S RESIDENTS TO AGE WELL AND OBTAIN THE SUPPORT NEEDED TO REMAIN IN THEIR 2LIFE HOMES. IN ADDITION, THE ORGANIZATION DEVELOPS THE REFINANCING AND RENOVATION OF 2LIFE'S OLDEST BUILDINGS, AND THE FINANCING AND CONSTRUCTION OF NEW PUBLICLY ASSISTED AFFORDABLE HOUSING. THE ORGANIZATION OVERSEES PROPERTY OPERATIONS, INCLUDING ACTIVITIES DESIGNED TO INSURE COMPLIANCE WITH ALL PERTINENT GOVERNMENT REGULATIONS, AND PROVIDES MANAGEMENT SUPPORT IN AREAS OF ACCOUNTING AND INFORMATION TECHNOLOGY.

Activities or mission (Part I)

2LIFE BUILDS & OPERATES HOUSING FOR LOW INCOME SENIORS & OFFERS SERVICES TO ENHANCE INDEPENDENCE.

  • THE ORGANIZATION OPERATES FOR PURPOSES OF OWNING, REHABILITATING, AND OPERATING SOME GOVERNMENT SUBSIDIZED, MULTIFAMILY APARTMENT COMPLEXES FOR THE ELDERLY.

    Expenses $8,872,964 · Revenue $4,032,414

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donna Kalikow

    VICE CHAIR AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Norman Posner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Bill Shaevel

    CHAIR AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Bernard Kaplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Laura Efron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Amy Schectman

    CEO, PRESIDENT

    Total calculated
    $318,679
    From this org
    $0
    From related orgs
    $282,073
    Other
    $36,606
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,006 related
    Bonus
    $0
    Other
    $0 + $9,067 related
    Deferred
    $0 + $36,606 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $318,679 related

  • Karen Edlund

    CHIEF OF BUSINESS STRATEGY/ASSISTANT TREASURER

    Total calculated
    $247,557
    From this org
    $0
    From related orgs
    $216,157
    Other
    $31,400
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,181 related
    Bonus
    $0 + $7,000 related
    Other
    $0 + $3,976 related
    Deferred
    $0 + $15,710 related
    Nontaxable benefits
    $0 + $15,690 related
    Filer's total
    $0 + $247,557 related

  • Lizbeth Heyer

    VICE PRESIDENT, CLERK/PRESIDENT

    Total calculated
    $340,398
    From this org
    $0
    From related orgs
    $286,713
    Other
    $53,685
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,377 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $5,336 related
    Deferred
    $0 + $17,551 related
    Nontaxable benefits
    $0 + $36,134 related
    Filer's total
    $0 + $340,398 related

  • Matthew Brett

    GENERAL COUNSEL/ASSISTANT CLERK

    Total calculated
    $234,231
    From this org
    $0
    From related orgs
    $232,001
    Other
    $2,230
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,019 related
    Bonus
    $0 + $7,000 related
    Other
    $0 + $982 related
    Deferred
    $0 + $2,230 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $234,231 related

  • Benjamin Mahnke

    CFO/TREASURER

    Total calculated
    $237,617
    From this org
    $0
    From related orgs
    $219,604
    Other
    $18,013
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,402 related
    Bonus
    $0 + $7,000 related
    Other
    $0 + $2,202 related
    Deferred
    $0 + $4,814 related
    Nontaxable benefits
    $0 + $13,199 related
    Filer's total
    $0 + $237,617 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

The filer's explanations (Part III)

PART I, LINE 3
A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE WERE USED TO ESTABLISH COMPENSATION OF THE RELATED ORGANIZATION'S CEO AND PRESIDENT. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.

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.

Disregarded entities

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

  • 2LIFE GROUND LESSOR LLC

    LOW INCOME HS · MA · income $92,036 · assets $1,699,490

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE JJ CARROLL MM LLC

    LOW INCOME HS · MA · income $0 · assets $9,026

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE KURLAT MM LLC

    LOW INCOME HS · MA · income $922,672 · assets $5,588

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE LEVENTHAL LLC

    LOW INCOME HS · MA · income $0 · assets $0

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE COLEMAN LP

    LOW INCOME HS · MA · income $2,826,672 · assets $38,270,285

    Directly controlled by 2LIFE PARTNERS 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

    RELATED · LOW INCOME HS · MA · 0.01% owned · share of assets $9,026 · general or managing partner

    Directly controlled by 2LIFE JJ CARROLL MM LLC

  • 2LIFE KURLAT LLC

    RELATED · LOW INCOME HS · MA · 0.01% owned · share of income $922,672 · share of assets $5,588 · general or managing partner

    Directly controlled by 2LIFE KURLAT MM LLC

  • 2LIFE LELAND LLC

    RELATED · LOW INCOME HS · MA · share of assets $3,424 · general or managing partner

    Directly controlled by 2LIFE LELAND MM LLC

  • 2LIFE LELAND MM LLC

    RELATED · LOW INCOME HS · MA · 79% owned · share of assets $2,705 · general or managing partner

    Directly controlled by 2LIFE PARTNERS INC

  • 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

    RELATED · LOW INCOME HS · MA · 99.99% owned · share of income $3,023,515 · share of assets $45,518,357

    Directly controlled by 2LIFE PARTNERS INC

  • 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 · 79% owned · share of income -$3,916 · share of assets $268,647 · controlled entity

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE GOLDA EXPANSION GP LLC

    C · LOW INCOME HS · MA · 79% owned · share of income -$3,916 · share of assets $13,432,518 · controlled entity

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE GOLDA GP LLC

    C · LOW INCOME HS · MA · 55% owned · share of income -$3,974 · share of assets $5,793,866 · controlled entity

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE LEVENTHAL INC

    C · LOW INCOME HS · MA · 100% owned · share of income $116,274 · share of assets $2,989,334 · controlled entity

    Directly controlled by 2LIFE LEVENTHAL LLC

  • 2LIFE SHILLMAN INC

    C · LOW INCOME HS · MA · 79% owned · share of income -$3,974 · share of assets $2,332,355 · controlled entity

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE ULIN INC

    C · LOW INCOME HS · MA · 100% owned · share of income $26,624 · share of assets $977,757 · controlled entity

    Directly controlled by 2LIFE PARTNERS INC

  • 2LIFE WEINBERG MM LLC

    C · LOW INCOME HS · MA · 100% owned · share of income -$6,521 · share of assets $1,314,639 · controlled entity

    Directly controlled by 2LIFE PARTNERS INC

  • SHIRLEY COMMONS MM LLC

    C · LOW INCOME HS · MA · 79% owned · share of income -$3,986 · share of assets $84,259 · controlled entity

    Directly controlled by 2LIFE PARTNERS INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503219349302860

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