2025-03-13T14:18:18+00:00 2023-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-01-01 562103741 The Cypress of Charlotte Club Inc CYPR 7047145500 3442 Cypress Club Dr Charlotte NC 28210 MARTY JENSEN EXECUTIVE DIRECTOR 2025-03-13 true Amy Bibby P00445891 8282542254 2025-02-27 2023 2025-03-06 01:10:19Z MARC PUNTERERI 3442 Cypress Club Dr Charlotte NC 28210 23414010 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 3 610 15 0 0 4467907 60032 20635027 23229312 5009 124666 0 0 25107943 23414010 0 0 0 0 12983758 14414797 0 0 0 8175178 8855697 21158936 23270494 3949007 143516 9961254 7598867 13962814 12037937 -4001560 -4439070 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 19855742 23229312 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. 19855742 false false false false false false false false false true false false true true 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 true false false true 53 0 true 610 true false false false false false false false false X 5 3 false true false false false false false true true false false true true true true true true true false false X X The Organization 7047145500 3442 Cypress Club Dr Charlotte NC 28210 JAMES P COLEMAN VICE PRESIDENT & TREASURER 5.0 X X 0 0 0 MARC PUNTERERI PRESIDENT 20.0 X X 0 0 0 MARTY JENSEN EXEC DIR/TREASURER/SECRETARY 40.0 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 TERRY PAYNE DIRECTOR OF FINANCE 40.0 X 133266 0 13047 GUSTINES EVARISTO DIRECTOR OF FOOD AND BEVERAGE 40.0 X 120805 0 14142 HARRY KAISER DIRECTOR OF FACILITY SERVICES 40.0 X 128128 0 14142 JESSICA HAYNES DIRECTOR OF HUMAN RESOURCES 40.0 X 129744 0 24087 KELLY SIMON DIRECTOR OF HOME CARE 40.0 X 116938 0 22223 628881 0 87641 5 false true false LCS Holding Company 400 Locust Street STE 820 Des Moines IA 50309 MANAGEMENT SERVICES 1800897 FRANCISCO ANARIVA 2828 Cochrane Dr Charlotte NC 28269 Maintenance 416940 SPECTRUM 400 Washington Blvd Stamford CT 06902 internet/cable 380871 A DIAMOND IN THE ROUGH CLEANING SERVICE 3160 US-21 Fort Mill SC 29715 residential/commercial cleaning services 362090 TOMMIE REYNOLDS 3442 Cypress Club Drive Charlotte NC 28210 Salon Services 210793 7 60032 60032 MEMBER FEES 623000 12238958 12238958 HEALTH CENTER SERVICES 623000 7493646 7493646 HOME HEALTH SERVICES 621610 3496708 3496708 0 0 0 0 23229312 124666 124666 0 0 0 0 0 0 0 0 0 23414010 23229312 0 124666 11514423 10175021 1339402 71854 64640 7214 1818192 1635649 182543 1010328 908893 101435 1654688 1654688 73324 73324 75673 75673 1626074 1521310 104764 0 15725 15725 719262 469325 249937 219313 219313 489851 420427 69424 18268 4444 13824 40501 16650 23851 403989 403989 113630 113630 496682 496682 FOOD 1928227 1928227 SUPPLIES 638736 601084 37652 MEDICAL SUPPLIES 138629 138629 ACTIVITIES 97027 97027 106098 106098 0 0 23270494 19855742 3414752 0 682218 1117840 799164 719029 0 0 141708 155804 403441 530189 2682988 2016441 654080 666547 2368496 2480673 0 0 4912147 1928785 9961254 7598867 3323178 2484805 59500 0 10027923 9553132 552213 0 13962814 12037937 X -4001560 -4439070 -4001560 -4439070 9961254 7598867 X 143516 -581026 X X false true X true false 2682988 2016441 666547 666547 REFUNDABLE DEPOSITS 25000 ERC Receivable 1561166 due from affiliates 147556 ROU Asset 195063 1928785 due to association 0 X 23413795 0 0 23413795 215 215 23414010 23270279 -215 -215 23270494 0 0 23270494 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. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements INTEREST INCOME INCLUDED IN EXPENSES ON AFS - 215 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 INTEREST INCOME INCLUDED IN EXPENSES ON AFS - -215 false false false false false false false false false JESSICA HAYNES DIRECTOR OF HUMAN RESOURCES 117173 0 12426 0 145 0 0 0 24087 0 153831 0 0 0 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 $235,776 FOR SERVICES RENDERED IN 2023. 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 - -731025; Equity transfer from the cypress of charlotte LLC - 149999; Form 990, Part XII, Line 2c Change of oversight process or selection process The process has not changed since the prior year. 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