2life Opus Newton Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $299,715
- Spending
- $124,106
- Spent on programs
- 100%
- Reserves
- 23.6 months of spending
- Largest source of income
- investment income, 82%
- Employees
- 0
- Volunteers
- 3
- Highest pay
- $340,398, vice president & clerk/president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 82 out of 100. Higher than 77% of charities in its peer group (housing, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 23.6 months of spending.
Debt
2 of 20It owes 99% of what it owns.
Living within its means
15 of 15Income exceeded spending by 59% of income.
Income trend
15 of 15Income rose 164% on the year before.
Spending floor
15 of 15100% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 93 out of 100. Higher than 78% of charities in its peer group (housing, $250k to $1m).
Independent board
18 of 253 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $124,106 spent. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.