Overview
What is The Lorelton Foundation?
The Lorelton Foundation, located at 1201 North Orange Street, Wilmington, DE 19801, is a dedicated nonprofit organization. Its primary mission is to cater to the needs of the elderly, offering housing and essential services. With a total of 82 apartments, the organization played a significant role in providing homes for 79 elderly residents in 2022. The Lorelton Foundation, also known as The Lorelton Assisted Living Community, operates with a workforce of 176 individuals. Their services aim to enhance the quality of life for the elderly, ensuring they have a secure and comfortable living environment.
Official website here: www.lorelton.com
Is The Lorelton Foundation legitimate?
The Lorelton Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lorelton Foundation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $163,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,238,454
For more financial information, click here
Official website here: www.lorelton.com
What is the mission statement of The Lorelton Foundation?
The Lorelton Foundation's primary mission is centered around providing housing and essential services to the elderly community. This non-profit organization is dedicated to catering to the needs of the elderly, ensuring they have a comfortable living space. As of 2022, the foundation operates 82 apartments, with 79 of them being utilized for elderly residents.
Official website here: www.lorelton.com
Who is the CEO of The Lorelton Foundation?
Richard E Stat is the President/Secretary/Treasurer of The Lorelton Foundation.
Official website here: www.lorelton.com
What is the revenue of The Lorelton Foundation?
Who are the executives of The Lorelton Foundation and what are their salaries?
The average compensation at The Lorelton Foundation during 2022 was $13,649. There are 176 employees and 15 volunteers at The Lorelton Foundation.
Here are 9 key members and their salaries:
- David Parkinson (Executive Director)
- Richard E Stat (President/Secretary/Treasurer) [Trustee/Director]
- Lauren Stat (Director)
- David Hubble (Director)
- David Stat (Director)
- Michael Stat (Director)
- Joanne Stat (Director)
- Linda Stat (Director)
- Ran Jin (Assistant Treasurer)
Official website here: www.lorelton.com
Where can I find the form 990 for The Lorelton Foundation?
The The Lorelton Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lorelton.com
Learn more at the official website: www.lorelton.com
Mission Statement of The Lorelton Foundation
The Lorelton Foundation is dedicated to serving the elderly population. Its primary mission is to provide housing and essential services for this demographic, ensuring they have a comfortable and supportive living environment. In 2022, the foundation had 82 apartments in operation, with 79 of them being used for resident occupancy. This commitment to senior care is evident in the organization's daily operations, as it strives to create a sanctuary where elderly individuals can thrive.
Impact
This information is meant to be a general summary of The Lorelton Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Lorelton Foundation provides essential housing and services to the elderly, making a significant impact on the lives of older individuals in need. With 82 apartments in Wilmington, Delaware, the foundation offers a place for the elderly to call home. By ensuring that 79 apartments were occupied by residents in 2022, the foundation has directly improved the quality of life for these individuals. Through its mission of providing housing and services to the elderly, The Lorelton Foundation plays a vital role in supporting and caring for this vulnerable population, making a positive difference in the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$4,056,371
Organization Details
Founding Year
1985
Phone
(302) 573-2500
Principal Officer
Richard E Stat
Main Address
1201 NORTH ORANGE STREET 700, WILMINGTON, DE, 19801
Website
www.lorelton.com
NTEE Category
Code: P75 - Human services
If you are a representative of The Lorelton Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.