Nonprofit · EIN 20-2818389
CYPRESS OF RALEIGH CLUB INC
Tax-exempt · RALEIGH, NC 27615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $24,033,844 | $23,679,163 | $354,681 | $9,889,070 | $2,924,645 | $6,964,425 |
| December 31, 2024 | 990 | $23,307,078 | $22,296,994 | $1,010,084 | $10,348,860 | $2,509,197 | $7,839,663 |
| December 31, 2023 | 990 | $25,127,859 | $21,623,530 | $3,504,329 | $9,521,736 | $2,058,277 | $7,463,459 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,185,454
- Investment income
- $844,910
- Net gain from sales of assets
- $394,153
- Other revenue
- $3,480
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $12,171,260
- Salaries, compensation and benefits (total)
- $15,121,743
- Professional fundraising fees
- $0
- Legal fees
- $11,742
- Accounting fees
- $30,997
- Travel
- $22,555
- Depreciation
- $476,156
- Program services (functional)
- $18,246,499
- Management and general (functional)
- $5,432,664
Balance sheet and other
- Total assets, start of year
- $10,348,860
- Total assets, end of year
- $9,889,070
- Total liabilities, end of year
- $2,924,645
- Net assets, end of year
- $6,964,425
- Land, buildings and equipment
- $2,486,725
- Publicly traded securities
- $14,613,630
- Net assets without donor restrictions
- $2,738,425
- Net assets with donor restrictions
- $4,226,000
- Gross receipts
- $34,829,913
- Employees
- 517
- Year formed
- 2005
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CANDACE TUCK | DIR OF CLINI Highest-paid employee | 40 | $185,923 | $20,189 |
| LESLEY OLSEN | DIRECTOR OF Highest-paid employee | 40 | $171,460 | $13,480 |
| JERRY HURT | DIR OF FACIL Highest-paid employee | 40 | $153,152 | $9,020 |
| PAULINE SARDO | DIR OF FINAN Highest-paid employee | 40 | $148,714 | $12,947 |
| KATHARINE WARD | DIR OF FINE Highest-paid employee | 40 | $141,062 | $19,008 |
| MARK ANDREWS | PRESIDENT Trustee or director, Officer | 15 | $0 | $0 |
| ZACH WALKER | VP Trustee or director, Officer | 4 | $0 | $0 |
| TOM FORD | SECRETARY/TR Trustee or director, Officer | 40 | $0 | $0 |
| JACK HOGGE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CANDACE TUCK | DIR OF CLINI Highest-paid employee | 40 | $174,411 | $19,961 |
| LESLEY OLSEN | DIRECTOR OF Highest-paid employee | 40 | $161,967 | $13,288 |
| JERRY HURT | DIR OF FACIL Highest-paid employee | 40 | $147,145 | $9,020 |
| MICHELLE BISANZ | DIR OF FINE Highest-paid employee | 40 | $128,482 | $26,715 |
| PAULINE SARDO | DIR OF FINAN Highest-paid employee | 40 | $139,754 | $12,831 |
| MARK ANDREWS | PRESIDENT Trustee or director, Officer | 15 | $0 | $0 |
| RAY REISERT | VP (UNTIL 10 Trustee or director, Officer | 4 | $0 | $0 |
| ZACH WALKER | VP (EFF 10/3 Trustee or director, Officer | 4 | $0 | $0 |
| TOM FORD | SECRETARY/TR Trustee or director, Officer | 40 | $0 | $0 |
| JACK HOGGE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CANDACE TUCK | DIR OF CLINI Highest-paid employee | 40 | $161,979 | $16,981 |
| LESLEY OLSEN | DIRECTOR OF Highest-paid employee | 40 | $155,081 | $13,085 |
| JERRY HURT | DIR OF FACIL Highest-paid employee | 40 | $140,195 | $9,020 |
| PAULINE SARDO | DIR OF FINAN Highest-paid employee | 40 | $134,871 | $12,620 |
| KATHERINE WARD | DIR OF NAVIG Highest-paid employee | 40 | $119,943 | $18,867 |
| MARK ANDREWS | PRESIDENT Trustee or director, Officer | 15 | $0 | $0 |
| RAY REISERT | VICE PRESIDE Trustee or director, Officer | 4 | $0 | $0 |
| TOM FORD | SECRETARY/TR Trustee or director, Officer | 40 | $0 | $0 |
| JACK HOGGE | DIRECTOR Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8801 CYPRESS LAKES DR, RALEIGH, NC 27615-2118
- Principal officer (990 for 2025)
- MARK ANDREWS, 8801 CYPRESS LAKES DRIVE, RALEIGH, NC 27615
- Signed the 990
- MARK ANDREWS, PRESIDENT
- Phone
- (919) 518-8936
- Website
- WWW.THECYPRESSOFRALEIGH.COM
- Return prepared by
- DREHER MARTIN CPAS PA
Mission
THE CYPRESS OF RALEIGH CLUB WAS FORMED TO SERVE AS THE MANAGEMENT ENTITY WHICH CARRIES OUT THE CONTRACTUAL AGREEMENT WITH MEMBERS OF THE CONTINUING CARE RETIREMENT COMMUNITY. THE CLUB MANAGES THE COMMONLY OWNED PROPERTY OF THE CYPRESS, INCLUDING THE CLUBHOUSE AND HEALTH CENTER, AS WELL AS THE SERVICES PROVIDED AT THE CLUBHOUSE AND HEALTH CENTER.
Program accomplishments
- THE CYPRESS OF RALEIGH CLUB IS A CONTINUING CARE RETIREMENT COMMUNITY THAT INCLUDES 319 INDEPENDENT LIVING UNITS AND A 61 BED NURSING FACILITY. SERVICES AVAILABLE TO THOSE MEMBERS IN INDEPENDENT LIVING AS A PART OF THE MONTHLY PAYMENT INCLUDE CLUB ACTIVITIES, URGENT CALL SYSTEM, MONTHLY FOOD SERVICE ALLOWANCE, PRIVATE DINING ROOM, WEEKLY FLAT LAUNDRY, WEEKLY HOUSEKEEPING, SCHEDULED MAINTENANCE OF COTTAGE OR VILLA AND COMMON AREAS, GROUNDS CARE AND GARDENING, CERTAIN UTILITIES, SCHEDULED TRANSPORTATION, CAMPUS SECURITY, MAIL DELIVERY, ABSENCE CREDIT, MEMBER COMMITTEES, MONTHLY BILLING SERVICE, UNCOVERED SURFACE PARKING FOR MEMBERS AND GUESTS. ADDITIONAL SERVICES NOT INCLUDED IN MONTHLY PAYMENT ARE BEAUTY AND BARBERSHOP, COVERED AND GARAGE PARKING AND ON SITE HOME CARE AGENCY.Expenses $9,083,431 · revenue $13,282,793
- THE HOME CARE AGENCY PROVIDES PERSONAL SERVICES TO MEMBERS TO CONTINUE LIVING IN THEIR COTTAGE OR VILLAS. THESE SERVICES ARE PROVIDED BY NURSING STAFF AND OTHER STAFF MEMBERS. SERVICES SUCH AS BATHING, DRESSING, SHOPPING, PERSONAL LAUNDRY, ADDITIONAL HOUSEKEEPING, IN HOME CARE, MEDICATION MANAGEMENT AND SPECIAL TRANSPORTATION WILL BE AVAILABLE TO THE MEMBERS ON A FEE FOR SERVICE BASIS.Expenses $3,349,769 · revenue $3,311,189
- THE CYPRESS OF RALEIGH CLUB INCLUDES THE ROSEWOOD HEALTH CENTER WHICH IS A COMBINATION FACILITY OF 57 SKILLED NURSING BEDS AND 4 ADULT CARE HOME BEDS. THE ROSEWOOD HAS PRIVATE AND SEMIPRIVATE ROOMS, A PHYSICAL THERAPY ROOM, AN ARTS AND CRAFTS THERAPY AREA, DINING ROOMS AND LOUNGES. FOR MEMBERS WHO ARE ABLE TO DO SO THE ROSEWOOD EMPHASIZES RESTORATIVE CARE AND WELLNESS FOR PURPOSES OF RETURNING THESE MEMBERS TO THEIR COTTAGES OR VILLAS.Expenses $5,813,299 · revenue $6,591,472
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2818389
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N99)
- Assets (IRS master file)
- $9,889,070
- Income (IRS master file)
- $34,829,913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $24,033,844 | $23,679,163 | $9,889,070 | XML |
| 990 | December 2024 | $23,307,078 | $22,296,994 | $10,348,860 | XML |
| 990 | December 2023 | $25,127,859 | $21,623,530 | $9,521,736 | XML |
| 990 | December 2022 | $19,452,580 | $20,168,450 | $5,770,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2818389).
Questions about CYPRESS OF RALEIGH CLUB INC
- What is the EIN of CYPRESS OF RALEIGH CLUB INC?
- The employer identification number (EIN) of CYPRESS OF RALEIGH CLUB INC is 20-2818389.
- Is CYPRESS OF RALEIGH CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2008.
- Are donations to CYPRESS OF RALEIGH CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CYPRESS OF RALEIGH CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CYPRESS OF RALEIGH CLUB INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CYPRESS OF RALEIGH CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CYPRESS OF RALEIGH CLUB INC?
- The 990 for the year ended December 31, 2025 names MARK ANDREWS.
- Who are the officers and directors of CYPRESS OF RALEIGH CLUB INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 5 received compensation from the organization, the highest $185,923 (CANDACE TUCK, DIR OF CLINI).
- How much revenue does CYPRESS OF RALEIGH CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $24,033,844, expenses of $23,679,163 and total assets of $9,889,070 at year end.
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All nonprofits in RALEIGH · North Carolina · Recreation and sports