2Life Opus Newton Inc
Nonprofit profile at a glance
- EIN
- 881716971
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Brighton, MA, USA
- Phone
- 6179128400
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $299,715
- Expenses
- $124,106
- Assets
- $33,643,320
- Liabilities
- $33,399,677
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- AMY SCHECTMAN (PRESIDENT/CEO)
- LIZBETH HEYER (VICE PRESIDENT & CLERK/PRESIDENT)
Highest reported compensation
- LIZBETH HEYER (VICE PRESIDENT & CLERK/PRESIDENT): $340,398 total reported compensation
- AMY SCHECTMAN (PRESIDENT/CEO): $318,679 total reported compensation
- KAREN EDLUND (ASSISTANT TREASURER/CHIEF OF BUSINESS STRATEGY): $247,557 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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. 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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Investment-supported. 82% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 60
- Accountability: 100
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.6%; rating input score 31
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 58.6%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 271.09; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0.99; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 114.4%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 103.6% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 102.7% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 70.1% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 30.6% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 3 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $124K in reported program spending
- Leadership: top reported pay $340K · 8 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Related organizations: 35 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.