Overview
What is 2Life Communities Inc?
2Life Communities Inc is a nonprofit organization situated in Brighton, Massachusetts, specifically at 30 Wallingford Road. Their primary role is to manage assets for affiliated 501(c)(3) organizations and oversee senior housing projects, which they sponsor and operate, in collaboration with other nonprofit entities affiliated with 2Life Communities. The organization is motivated by Jewish values and is dedicated to building and operating housing for low-income seniors, aiming to enhance their independence and dignity. Their operations are non-sectarian, meaning they welcome individuals of all faiths.
Official website here: www.2lifecommunities.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
2Life Communities Inc has achieved a remarkable 96% score from Charity Navigator, reflecting its strong performance in accountability and finance. This high rating is particularly noteworthy as it is derived entirely from a singular beacon score, showcasing the organization’s commitment to financial transparency and responsible management.
The nonprofit exhibits numerous strengths, including a fully independent board with 22 members, meticulous financial oversight reflected in its audit committee, and a comprehensive array of policies in place, such as conflict of interest and whistleblower policies. Moreover, the organization dedicates a significant portion of its expenses, over 86%, directly to its programs, indicating a strong focus on mission-related activities.
While the data does not indicate any major weaknesses, the high score itself suggests robust governance practices and financial health. This rating positions 2Life Communities Inc as a trustworthy and effective organization in its field.
This AI summary has been generated from information found on Charity Navigator.
Is 2Life Communities Inc legitimate?
2Life Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2Life Communities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,171,654
For more financial information, click here
Official website here: www.2lifecommunities.org
What is the mission statement of 2Life Communities Inc?
2Life Communities Inc is committed to constructing and managing housing for low-income seniors. Their mission is driven by Jewish values and is non-sectarian in nature. The organization's goal is to enhance the independence and dignity of its residents. By offering various services, 2Life Communities Inc strives to improve the living conditions and well-being of its senior population. The organization operates for the benefit of affiliated 501(c)(3) organizations and serves as the asset manager for senior housing projects sponsored and operated by itself and other nonprofit entities associated with 2Life Communities.
Official website here: www.2lifecommunities.org
Who is the CEO of 2Life Communities Inc?
Amy Schectman is the CEO of 2Life Communities Inc The CEO's salary of 2Life Communities Inc is $0 and their total compensation is $315,748.
Official website here: www.2lifecommunities.org
What is the revenue of 2Life Communities Inc?
2Life Communities Inc's revenue in 2023 was $10,109,516.
Official website here: www.2lifecommunities.org
Who are the executives of 2Life Communities Inc and what are their salaries?
There 24 volunteers at 2Life Communities Inc.
Here are 28 key members and their salaries (2Life Communities Inc's CEO's salary is $0 and their total compensation is $315,748):
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- Related: $302,225
- Other: $13,523
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- Related: $207,373
- Other: $26,147
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- Related: $218,424
- Other: $46,246
Official website here: www.2lifecommunities.org
Where can I find the form 990 for 2Life Communities Inc?
2Life Communities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.2lifecommunities.org
Learn more at the official website: www.2lifecommunities.org
Mission Statement of 2Life Communities Inc
2Life Communities Inc, influenced by Jewish values, is dedicated to building and managing housing for low-income seniors. Their mission extends beyond mere housing; they strive to enhance the independence and dignity of their residents. The organization operates with a non-sectarian approach, welcoming individuals from all backgrounds. Asset manager for senior housing projects, 2Life Communities collaborates with various nonprofit entities to sponsor and operate these projects, ensuring that elderly individuals have access to safe and affordable living spaces.
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Impact
July, 2024
2Life Communities Inc's impact lies in its dedication to building and operating housing for low-income seniors while offering services that enhance their independence and dignity. Inspired by Jewish values, 2Life Communities are nonsectarian in nature, providing an inclusive and supportive environment for seniors in need. Through its focus on affordable housing and comprehensive services, 2Life Communities Inc positively impacts the lives of seniors by ensuring they have a safe and welcoming place to call home, along with the necessary support to live with autonomy and respect.
This information is meant to be a general summary of 2Life Communities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $703,138
- Program Service Revenue: $2,451,770
- Gross Receipts: $24,900,258
Assets and Liabilities:
- Total Assets: $42,497,967
- Total Liabilities: $1,028,276
- Net Assets: $41,469,691
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCENTIVE MANAGEMENT
Revenue
$2,372,170
REIMBURSEMENT REVENUE
Revenue
$79,600
Organization Details
Founding Year
1982
Principal Officer
Karen Edlund
Website
www.2lifecommunities.orgNTEE Category
Code: L22Z - Housing
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