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Massachusetts · Nonprofit

2LIFE DEVELOPMENT INC

2LIFE DEVELOPMENT INC (Massachusetts) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being ELEMENT CARE INC ($10,000). 0 of them have funded it in more than one year.

Revenue FY2024
$6.1M
Funders on record
1
Grants received
$10k
Net assets
$79M
0/1 repeat funders
01What it does

What 2life Development Inc does

Mission

The entity provides real estate development support for new construction and renovation activities to related 2life entities in their mission to provide housing to low income seniors and the handicapped.

As stated on its FY2024 Form 990.

Program

  1. 2life Development Inc. Provides financing and serves as developer for low income housing projects for low income seniors and the handicapped.

    $1,546,914 spent$3,595,865 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $1,546,914.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($341k) Expenses 100 ($907k) Net assets 100 ($21M)2018 Revenue 111 ($380k) Expenses 121 ($1.1M) Net assets 95 ($20M)2020 Revenue 2490 ($8.5M) Expenses 103 ($936k) Net assets 240 ($50M)2021 Revenue 5404 ($18M) Expenses 1071 ($9.7M) Net assets 285 ($59M)2022 Revenue 1815 ($6.2M) Expenses 181 ($1.6M) Net assets 301 ($62M)2023 Revenue 3497 ($12M) Expenses 187 ($1.7M) Net assets 356 ($74M)2024 Revenue 1779 ($6.1M) Expenses 232 ($2.1M) Net assets 380 ($79M)
2017201820202021202220232024
Revenue (1779)Expenses (232)Net assets (380)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $92M to $110M (+20%).

$29M
$28M
$63M
$71M
$79M
$92M
$110M
2017201820202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 22% · 2023 50% · 2024 28%. Grants only. Government contracts and fees sit inside program revenue.

30% of 2LIFE DEVELOPMENT INC’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 reported years ran a deficit.

−$566k
’17
−$717k
’18
$7.6M
’20
$8.7M
’21
$4.6M
’22
$10M
’23
$4.0M
’24
0.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Amy Schectman

CEO/president

As listed on its FY2024 Form 990.

2017201820202021202220232024
Listed89141314910
Joined·+3·+3+2+0+3
No longer listed·2·4152
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'25*
total
funders
1

Left out of every figure on this page: $2.1M from one payer (the payer shares this organization's board, largest Friends of 2life Communities Inc). These are real filings, and they are not money 2LIFE DEVELOPMENT INC raised.

From the IRS filings of 2LIFE DEVELOPMENT INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of 2LIFE DEVELOPMENT INC's grant income comes from Massachusetts funders.

MA

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

2LIFE DEVELOPMENT INC runs a healthier operating margin than three-quarters of the 3,973 housing & shelter nonprofits its size.

Operating margin65% · top quartile
Months of reserve0.2mo · bottom quartile
Revenue growth (annualized)51% · top quartile

this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024

Organizations like 2LIFE DEVELOPMENT INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

74% of spending goes to programs.

Program 74%Management 26%Fundraising 0%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

MA

Part of a family of 36 related entities

  • 2life Holdings LLC · disregarded
  • 2life Communities Services Inc · exempt
  • 2life Communities Inc · exempt
  • 2life Realty Inc · exempt
  • 2life Partners Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for 2LIFE DEVELOPMENT INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds 2LIFE DEVELOPMENT INC?
2LIFE DEVELOPMENT INC (Massachusetts) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being ELEMENT CARE INC ($10,000). 0 of them have funded it in more than one year.
How many funders does 2LIFE DEVELOPMENT INC have?
IRS filings report 1 organization giving $10,000 in grants to 2LIFE DEVELOPMENT INC.
Who is the largest funder of 2LIFE DEVELOPMENT INC?
ELEMENT CARE INC is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like 2LIFE DEVELOPMENT INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing