2life Communities Services Inc
- Assets
- $14.7m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 276
- Location
- Brighton, MA
- Founding
- 11/1991
- Data as of
- 12/2021
- EIN
- 04-3166862
Organization Overview
2life Communities Services Inc is located in Brighton, MA. The organization was established in 1991. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, 2life Communities Services Inc employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 2life Communities Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, 2life Communities Services Inc generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 15.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
2LIFE BUILDS & OPERATES HOUSING FOR LOW INCOME SENIORS & OFFERS SERVICES TO ENHANCE INDEPENDENCE AND DIGNITY. INSPIRED BY JEWISH VALUES, 2LIFE COMMUNITIES ARE NONSECTARIAN.2LIFE SERVICES, INC. ("SERVICES") PROVIDES RESIDENT SERVICES FOR 2LIFE'S SIX 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PRODUCES DAILY HOME DELIVERED MEALS FOR INCOME ELIGIBLE SENIORS WHO ARE PRIMARILY RESIDENTS LIVING IN 2LIFE-OWNED PROPERTIES.
SERVICES PROVIDES A VARIETY OF SUPPORT SERVICES AND LIFE ENHANCING ACTIVITIES FOR RESIDENTS OF 2LIFE COMMUNITIES, INCLUDING SERVICES THAT INCREASE RESIDENTS' MOBILITY AND ENHANCE COMMUNICATION WITH FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Schectman President/assistant Clerk | Officer | 5 | $276,411 |
John Lutz Employee | 5 | $236,687 | |
Henry Korman Employee | 10 | $206,186 | |
Karen Edlund Treasurer | Officer | 1 | $200,513 |
Lizbeth Heyer Clerk | Officer | 10 | $192,831 |
Elijah Lapson Employee | 10 | $187,024 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Klein Hornig Llp Legal | 12/30/21 | $677,561 |
Illumia Llc Consulting | 12/30/21 | $397,616 |
Cohnreznick Llp Audit/tax | 12/30/21 | $308,299 |
Tripi Engineering Services Llc Engineering Consultants | 12/30/21 | $155,173 |
Tech Networks Of Boston It Support | 12/30/21 | $243,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,232,255 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,232,255 |
| Total Program Service Revenue | $5,183,845 |
| Investment income | $44,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,313 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,464,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,557,378 |
| Pension plan accruals and contributions | $137,239 |
| Other employee benefits | $575,654 |
| Payroll taxes | $215,860 |
| Fees for services: Management | $10,138 |
| Fees for services: Legal | $109,305 |
| Fees for services: Accounting | $18,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,157 |
| Office expenses | $164,549 |
| Information technology | $320,827 |
| Royalties | $0 |
| Occupancy | $22,904 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $880 |
| Interest | $23,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,318 |
| Insurance | $94,469 |
| All other expenses | $82,979 |
| Total functional expenses | $9,144,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,232,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $759,494 |
| Net Land, buildings, and equipment | $8,143,719 |
| Investments—publicly traded securities | $1,651,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $78,601 |
| Other assets | $2,656,444 |
| Total assets | $14,714,646 |
| Accounts payable and accrued expenses | $439,087 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,429,426 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,616,574 |
| Total liabilities | $5,485,087 |
| Net assets without donor restrictions | $9,229,559 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,714,646 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that 2life Communities Services Inc has recieved totaling $869,187.
| Awarding Organization | Amount |
|---|---|
Friends Of 2life Communities Inc Brighton, MA PURPOSE: PROGRAMS AND SERVICES | $844,187 |
William J & Lia G Poorvu Family Foundation Cambridge, MA PURPOSE: CHARITABLE | $15,000 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |