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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations The Lorelton Foundation

The Lorelton Foundation

Fiscal year ending 2024. Filed on July 25, 2025.

1201 North Orange Street 700
Wilmington, Delaware 19801

The Lorelton Foundation (EIN: 51-0284276), also known as The Lorelton Assisted Living Community, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Lorelton Foundation, a 501(c)(3) charitable organization, reported compensation for 2 out of 158 total employees. Among the employees shown here, the average compensation is $197,134. The highest compensated employee at The Lorelton Foundation is David Parkinson with fiscal year 2024 compensation of $197,134.

Revenue, expenses, and employee compensation

Revenue

$5,719,763

Expenses

$5,400,036

Employee compensation

$3,039,392
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David Parkinson
Executive Director
$197,134
$165,000 No related comp$32,134
Ran Jin
Assistant Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

David Hubble
Director
David Stat
Director
Joanne Stat
Director
Lauren Stat
Director
Linda Stat
Director
Michael Stat
Director
Richard E Stat
President and Treasurer and Secretary
Thomas Shea
Director

Contractors

US Foodservice
Food Supplier
$234,701
First State Elevator Inc.
Elevator Installation and Maintenance
$168,646
Delmarva Power
Electricity and Gas Supply
$161,320
Experian
Erc Calculation and Consulting
$116,565

Mission Statement

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY.

Revisions to this organization profile

July 25, 2025:
2024 The Lorelton Foundation 990 filed
March 13, 2024:
2023 The Lorelton Foundation 990 filed
November 9, 2023:
2022 The Lorelton Foundation 990 filed

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