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2Life Development Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042609432 ✦ Brighton, MA ✦ Designated as a 501(c)(3)

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Overview

What is 2Life Development Inc?

2Life Development Inc, located at 30 Wallingford Road, Brighton, MA 02135, is a nonprofit organization that specializes in financing and developing low-income housing projects. These projects primarily cater to the needs of senior citizens and individuals with disabilities. The organization's mission involves supporting real estate development for both new construction and renovation activities, in partnership with related 2Life entities. Their aim is to ensure the provision of suitable housing for the specified demographic, contributing to their overall well-being.


Official website here: www.2lifecommunities.org

Is 2Life Development Inc legitimate?

2Life Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2Life Development 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: $1,224,890

For more financial information, click here


Official website here: www.2lifecommunities.org

What is the mission statement of 2Life Development Inc?

2Life Development Inc is committed to offering support for real estate development, primarily focusing on new construction and renovation projects. This commitment is aimed at assisting related 2Life entities in their mission to provide affordable housing for low-income seniors and individuals with disabilities. By serving as a developer and providing financing for such projects, 2Life Development Inc contributes to the creation of suitable living spaces for this vulnerable group of people.


Official website here: www.2lifecommunities.org

Who is the CEO of 2Life Development Inc?

Karen Edlund is the Director of 2Life Development Inc.


Official website here: www.2lifecommunities.org

What is the revenue of 2Life Development Inc?

2Life Development Inc's revenue in 2022 was $6,196,005.


Official website here: www.2lifecommunities.org

Who are the executives of 2Life Development Inc and what are their salaries?


Here are 14 key members and their salaries:


Bernard Kaplan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Shaevel (Chairman/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Kalikow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Sacks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Posner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Schectman (President)
  • Compensation: $0
  • Related: $317,654
  • Other: $13,868
Henry Korman (General Council/Assistant Clerk)
  • Compensation: $0
  • Related: $206,340
  • Other: $10,000
Karen Edlund (Cfo/Treasurer)
  • Compensation: $0
  • Related: $199,524
  • Other: $23,345
Lizbeth Heyer (Vice President/Clerk)
  • Compensation: $0
  • Related: $209,819
  • Other: $49,570
Elijah Lapson (Cto)
  • Compensation: $0
  • Related: $194,590
  • Other: $50,170
Matthew Quinn (Senior Director, Re & Corp. Fin)
  • Compensation: $0
  • Related: $173,576
  • Other: $46,357
Sharon Books (Cmo)
  • Compensation: $0
  • Related: $211,757
  • Other: $4,204
Susan Appelbaum (Cdo)
  • Compensation: $0
  • Related: $180,774
  • Other: $8,775
Zoe Weinrobe (Director Of Re Dev.)
  • Compensation: $0
  • Related: $149,588
  • Other: $20,813


Official website here: www.2lifecommunities.org

Where can I find the form 990 for 2Life Development Inc?

2Life Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.2lifecommunities.org

Learn more at the official website: www.2lifecommunities.org

Mission Statement of 2Life Development Inc

2Life Development Inc, as a mission-driven organization, focuses on offering developmental support for new construction and renovation projects. Their primary objective is to aid related 2Life entities in their endeavor to provide affordable housing for low-income seniors and individuals with disabilities. In this capacity, 2Life Development Inc serves as a developer and financier for these housing projects, ensuring that these vulnerable groups have access to safe and suitable living spaces. By supporting new construction and renovation activities, 2Life Development Inc is instrumental in enhancing the quality of life for these individuals, contributing to their overall wellbeing and independence.

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Impact




July, 2024

2Life Development Inc's impact lies in its crucial role in providing financing and serving as a developer for low-income housing projects for seniors and the handicapped. By offering real estate development support for new construction and renovation activities, this organization helps to address the pressing need for affordable housing for vulnerable populations. Through its mission-driven work, 2Life Development Inc contributes to enhancing the quality of life and ensuring the well-being of low-income seniors and individuals with disabilities in the community.




This information is meant to be a general summary of 2Life Development 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.

Revenue
$6,196,005 (2022)
Expenses
$1,638,588 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $251,909
  • Program Service Revenue: $5,550,496
  • Gross Receipts: $7,076,543

Assets and Liabilities:

  • Total Assets: $79,101,869
  • Total Liabilities: $16,856,192
  • Net Assets: $62,245,677

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DEVELOPER FEE

Revenue

$4,186,960

PROGRAM INTEREST

Revenue

$1,342,286

ENERGY GRANTS

Revenue

$21,250

Organization Details

Founding Year

1975

Principal Officer

Karen Edlund

Main Address

30 WALLINGFORD ROAD, BRIGHTON, MA, 02135

NTEE Category

Code: L190 - Housing

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