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Nonprofiteer
← 2LIFE OPUS NEWTON INC

Form 990 for tax year 2022

Filed by 2LIFE OPUS NEWTON INC.

Totals

Total revenue
$10,030
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$10,030
Other revenue
$0
Total assets, end of year
$4,616,864
Total liabilities, end of year
$4,606,834
Net assets or fund balances, end of year
$10,030
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $10,030 · excluded $10,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $4,316,030

  • 15 · Other assets

    beginning of year $0 · end of year $300,834

  • 17 · Accounts payable and accrued expenses

    end of year $500

  • 25 · Other liabilities

    beginning of year $0 · end of year $4,606,334

  • 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 $0 · end of year $10,030

Mission and programs · 2022

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.

As filed on the 2022 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 + 2 related

  • Adam Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeff Sacks

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Amy Schectman

    PRESIDENT

    Total calculated
    $331,522
    From this org
    $0
    From related orgs
    $317,654
    Other
    $13,868
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,878 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $28,776 related
    Deferred
    $0 + $13,868 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $331,522 related

  • Lizbeth Heyer

    VICE PRESIDENT/CLERK

    Total calculated
    $259,389
    From this org
    $0
    From related orgs
    $209,819
    Other
    $49,570
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,494 related
    Bonus
    $0 + $9,500 related
    Other
    $0 + $7,825 related
    Deferred
    $0 + $10,575 related
    Nontaxable benefits
    $0 + $38,995 related
    Filer's total
    $0 + $259,389 related

  • Karen Edlund

    CHIEF FINANCIAL OFFICER/TREASURER

    Total calculated
    $222,869
    From this org
    $0
    From related orgs
    $199,524
    Other
    $23,345
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,073 related
    Bonus
    $0 + $9,000 related
    Other
    $0 + $8,451 related
    Deferred
    $0 + $9,675 related
    Nontaxable benefits
    $0 + $13,670 related
    Filer's total
    $0 + $222,869 related

  • Henry Korman

    GENERAL COUNSEL/ASSISTANT CLERK

    Total calculated
    $216,340
    From this org
    $0
    From related orgs
    $206,340
    Other
    $10,000
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,000 related
    Bonus
    $0
    Other
    $0 + $6,340 related
    Deferred
    $0 + $10,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $216,340 related

  • Sharon Brooks

    CHIEF MARKETING OFFICER

    Total calculated
    $215,961
    From this org
    $0
    From related orgs
    $211,757
    Other
    $4,204
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,917 related
    Bonus
    $0 + $5,500 related
    Other
    $0 + $6,340 related
    Deferred
    $0 + $4,121 related
    Nontaxable benefits
    $0 + $83 related
    Filer's total
    $0 + $215,961 related

  • Elijah Lapson

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $244,760
    From this org
    $0
    From related orgs
    $194,590
    Other
    $50,170
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,244 related
    Bonus
    $0 + $8,500 related
    Other
    $0 + $6,846 related
    Deferred
    $0 + $9,925 related
    Nontaxable benefits
    $0 + $40,245 related
    Filer's total
    $0 + $244,760 related

  • Susan Appelbaum

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $189,549
    From this org
    $0
    From related orgs
    $180,774
    Other
    $8,775
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,000 related
    Bonus
    $0 + $5,500 related
    Other
    $0 + $5,274 related
    Deferred
    $0 + $8,775 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $189,549 related

  • Matthew Quinn

    SENIOR DIRECTOR, REAL ESTATE AND CORP FINANCE

    Total calculated
    $219,933
    From this org
    $0
    From related orgs
    $173,576
    Other
    $46,357
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,679 related
    Bonus
    $0 + $10,500 related
    Other
    $0 + $1,397 related
    Deferred
    $0 + $6,547 related
    Nontaxable benefits
    $0 + $39,810 related
    Filer's total
    $0 + $219,933 related

  • Zoe Weinrobe

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $170,401
    From this org
    $0
    From related orgs
    $149,588
    Other
    $20,813
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,442 related
    Bonus
    $0 + $6,000 related
    Other
    $0 + $1,146 related
    Deferred
    $0 + $7,418 related
    Nontaxable benefits
    $0 + $13,395 related
    Filer's total
    $0 + $170,401 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

    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 LEVENTHAL LLC

    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 LELAND LLC

    LOW INCOME HS · MA

  • 2LIFE COLEMAN LP

    LOW INCOME HS · MA

  • OPUS NEWTON LLC

    LOW INCOME HS · MA

  • 2LIFE JJ CARROLL 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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349308765

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