2025-11-10T09:00:47+00:00 2024-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2024-01-01 562103741 The Cypress of Charlotte Club Inc CYPR 7047145500 3442 Cypress Club Dr Charlotte NC 28210 MARTY JENSEN EXECUTIVE DIRECTOR 2025-11-10 true true Amy Bibby P00445891 8282542254 2025-10-01 2024 2025-03-06 01:10:19Z MARC PUNTERERI 3442 Cypress Club Dr Charlotte NC 28210 26035837 false X WWW.THECYPRESSOFCHARLOTTE.COM X 1998 NC THE CYPRESS OF CHARLOTTE CLUB, INC WAS ESTABLISHED AS A NON-PROPIETARY, NON-SHAREHOLDER, NOT-FOR-PROFIT MUTUAL BENEFIT CORPORATION UNDER THE LAWS OF NC, EXCLUSIVELY TO MAINTAIN HOUSING FOR ELDERLY, TO DIRECTLY PROVIDE HEALTHCARE FOR THE PHYSICAL AND MENTAL WELL-BEING OF ITS RESIDENTS, TO PROVIDE FINANCIAL SECURITY FOR ITS RESIDENTS WITH POLICIES PERMITTING RESIDENTS TO REMAIN AT THE CYPRESS EVEN THOUGH THEY MAY RUN OUT OF FUNDS, AND TO OPERATE THE FACILITY AT ITS LOWEST FEASIBLE AND ACCEPTABLE COST. 5 3 623 15 0 60032 12592 23229312 25992084 124666 31161 0 23414010 26035837 0 0 14414797 15905059 0 0 8855697 9097305 23270494 25002364 143516 1033473 7598867 7628456 12037937 11356065 -4439070 -3727609 THE CYPRESS OF CHARLOTTE, CHARLOTTE'S PREMIER CONTINUING CARE RETIREMENT COMMUNITY, IS COMMITTED TO ENHANCING THE LIVES OF OUR MEMBERS BY PROVIDING EXCEPTIONAL SERVICE AND PEACE OF MIND IN AN UPSCALE ENVIRONMENT. false false 17976743 25992084 THE CYPRESS OF CHARLOTTE CLUB PROVIDES SERVICES TO ELDERLY RESIDENTS LIVING IN 310 PRIVATELY OWNED RESIDENTIAL UNITS. RESIDENTS RECEIVED ASSISTED LIVING, INCLUDING HEALTHCARE, FOR PHYSICAL AND MENTAL WELL BEING. 17976743 false false false false false false false false false false true false false true false true true true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 65 0 true 623 true false false false false false false false false X 5 3 false true false false false false false true true false false false true true true true true true true false false false X X The Organization 7047145500 3442 Cypress Club Dr Charlotte NC 28210 James P Coleman VP and Treasurer 5.0 X X 0 0 0 Marc Puntereri President 20.0 X X 0 0 0 Dr Robert Higgins Director 0.3 X 0 0 0 Michael J Harrison Director 0.3 X 0 0 0 Michelle Fish Director 0.3 X 0 0 0 Marty Jensen Executvie Director 40.0 X 0 0 0 Terry Payne Director of Finance 40.0 X 124588 0 11436 Evaristo Gustines Director of Food and Beverage 40.0 X 114818 0 10804 Jessica Haynes Director of HR 40.0 X 127168 0 10916 Kelly Simon Director of Home Care 40.0 X 112500 0 12419 Tammy Wilson Director of Nursing 40.0 X 116168 0 12419 595242 0 57994 5 false true false LCS Holding Company 400 Locust Street STE 820 Des Moines IA 50309 MANAGEMENT SERVICES 1974435 FRANCISCO ANARIVA 2828 Cochrane Dr Charlotte NC 28269 Maintenance 387525 SPECTRUM 400 Washington Blvd Stamford CT 06902 internet/cable 272022 A DIAMOND IN THE ROUGH CLEANING SERVICE 3160 US-21 Fort Mill SC 29715 residential/commercial cleaning services 226165 TOMMIE REYNOLDS 3442 Cypress Club Drive Charlotte NC 28210 Salon Services 159015 5 12592 12592 MEMBER FEES 623000 13503819 13503819 HEALTH CENTER SERVICES 623000 8670586 8670586 HOME HEALTH SERVICES 621610 3817679 3817679 0 0 0 0 25992084 31161 31161 0 0 0 0 0 0 0 0 0 0 26035837 25992084 0 31161 124588 124588 12382944 9669713 2713231 84083 65006 19077 2227796 1722334 505462 1085648 1012011 73637 1970130 613118 1357012 86490 26916 59574 77431 24097 53334 1121753 349097 772656 0 8022 8022 859321 585635 273686 246236 246236 588919 513254 75665 10032 5446 4586 21659 11424 10235 372288 372288 130212 130212 593471 593471 FOOD 1987466 1987466 SUPPLIES 702529 652209 50320 MEDICAL SUPPLIES 149168 149168 ACTIVITIES 87349 87349 84829 0 84829 0 25002364 17976743 7025621 0 1117840 799649 719029 880975 0 0 0 0 155804 162577 530189 540830 2964438 2146654 666547 817784 2480673 2615469 0 0 1928785 1811172 7598867 7628456 2484805 2438814 0 0 9553132 8917251 0 0 12037937 11356065 -4439070 -3727609 -4439070 -3727609 7598867 7628456 X 1033473 -322012 X false true true false 2964438 2146654 817784 817784 REFUNDABLE DEPOSITS 25000 ERC Receivable 1561166 due from affiliates 70833 ROU Asset 154173 1811172 Federal Income Taxes due to association 0 X 26035837 0 0 26035837 0 0 26035837 25002364 0 0 25002364 0 0 25002364 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Club is a nonprofit organization exempt from income taxes under Section 501(c)(4) of the Internal Revenue Code. Management has evaluated the Club's tax positions and concluded that the Club has taken no uncertain tax positions that require adjustment to the financial statements. The Club files as a tax-exempt organization. Because management has not identified unrelated business income in past years, the Club has not filed Form 990-T, Exempt Organization Business Income Tax Returns. Management is not aware of any activities that would jeopardize the tax-exempt status of the Club. Management is not aware of any significant activities that are subject to tax on unrelated business income or excise or other taxes for the Club. false false false false false false false false false Form 990, Part VI, Line 3 Delegation of management duties THE CYPRESS OF CHARLOTTE CLUB ("CLUB") HAS CONTRACTED WITH LIFE CARE SERVICES, LLC TO PROVIDE SERVICES, INCLUDING MANAGEMENT SERVICES AND EMPLOYEES, TO THE CLUB. THE CLUB HAS AN AGREEMENT WITH THE CYPRESS OF CHARLOTTE, LLC ("COMPANY") TO PROVIDE SUPERVISION AND OVERSIGHT OF THOSE CONTRACTED ACTIVITIES AND EMPLOYEES. THE BOARD IS STILL ULTIMATELY RESPONSIBLE FOR THE CLUB AND MAY TERMINATE THE MANAGEMENT AGREEMENT WITH THE COMPANY SHOULD THE COMPANY BE IN DEFAULT. THE ORGANIZATION'S EXECUTIVE DIRECTOR IS COMPENSATED BY THE MANAGEMENT COMPANY AND RECEIVED $239,792 FOR SERVICES RENDERED IN 2024. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION. THE ORGANIZATION MADE THE FORM 990 AVAILABLE TO BOARD MEMBERS FOR THEIR PERSONAL REVIEW. Form 990, Part VI, Line 12c Conflict of interest policy THE CLUB REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCY WITH THE POLICY THROUGH THEIR CORPORATE COMPLIANCE PROGRAM. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PROCESS OF DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR AND HEALTHCARE ADMINISTRATION IS CONDUCTED BY THE ORGANIZATION'S MANAGEMENT COMPANY, LIFE CARE SERVICES, LLC OF DES MOINES, IOWA, SUBJECT TO THE APPROVAL OF THE BOARD. THE EXECUTIVE DIRECTOR AND HEALTHCARE ADMINISTRATOR ARE LIFE CARE SERVICES, LLC EMPLOYEES (I.E. THEY ARE NOT EMPLOYEES OF THE CYPRESS OF CHARLOTTE). Form 990, Part VI, Line 18 How forms are made available to the public THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE UPON REQUEST. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part VII, Section A THE ORGANIZATION ACTS AS A PAYROLL PROCESSING AGENT FOR OTHER ENTITIES. THE FILING ORGANIZATION DOES NOT ISSUE ANY W-2S IN EXCESS OF $100,000 TO EMPLOYEES WHO ARE PROVIDING SERVICES TO THE FILING ORGANIZATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Equity transfer to Association - -402688; Equity transfer from the cypress of charlotte LLC - 80676; Total - -322012; THE CYPRESS OF CHARLOTTE OWNERS' ASSOCIATION 3442 CYPRESS CLUB DRIVE CHARLOTTE NC 28210 562205827 HOME OWNERS' ASSOCIATION NC NA C Corporation false false false false false true false false false false false false true true true true true true true true