Nonprofit · EIN 56-2103741
CYPRESS OF CHARLOTTE CLUB INC
Tax-exempt · CHARLOTTE, NC 28210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $26,035,837 | $25,002,364 | $1,033,473 | $7,628,456 | $11,356,065 | -$3,727,609 |
| December 31, 2023 | 990 | $23,414,010 | $23,270,494 | $143,516 | $7,598,867 | $12,037,937 | -$4,439,070 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,592
- of which government grants
- $12,592
- Program service revenue
- $25,992,084
- Investment income
- $31,161
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $124,588
- Other salaries and wages
- $12,382,944
- Salaries, compensation and benefits (total)
- $15,905,059
- Professional fundraising fees
- $0
- Legal fees
- $86,490
- Accounting fees
- $77,431
- Occupancy
- $588,919
- Travel
- $10,032
- Depreciation
- $130,212
- Program services (functional)
- $17,976,743
- Management and general (functional)
- $7,025,621
Balance sheet and other
- Total assets, start of year
- $7,598,867
- Total assets, end of year
- $7,628,456
- Total liabilities, end of year
- $11,356,065
- Net assets, end of year
- -$3,727,609
- Land, buildings and equipment
- $817,784
- Publicly traded securities
- $2,615,469
- Net assets without donor restrictions
- -$3,727,609
- Gross receipts
- $26,035,837
- Employees
- 623
- Volunteers
- 15
- Year formed
- 1998
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jessica Haynes | Director of HR Highest-paid employee | 40 | $127,168 | $10,916 |
| Terry Payne | Director of Finance Officer | 40 | $124,588 | $11,436 |
| Tammy Wilson | Director of Nursing Highest-paid employee | 40 | $116,168 | $12,419 |
| Evaristo Gustines | Director of Food and Beverage Highest-paid employee | 40 | $114,818 | $10,804 |
| Kelly Simon | Director of Home Care Highest-paid employee | 40 | $112,500 | $12,419 |
| James P Coleman | VP and Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Marc Puntereri | President Trustee or director, Officer | 20 | $0 | $0 |
| Dr Robert Higgins | Director Trustee or director | 0.3 | $0 | $0 |
| Michael J Harrison | Director Trustee or director | 0.3 | $0 | $0 |
| Michelle Fish | Director Trustee or director | 0.3 | $0 | $0 |
| Marty Jensen | Executvie Director Officer | 40 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JESSICA HAYNES | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $129,744 | $24,087 |
| TERRY PAYNE | DIRECTOR OF FINANCE Officer | 40 | $133,266 | $13,047 |
| HARRY KAISER | DIRECTOR OF FACILITY SERVICES Highest-paid employee | 40 | $128,128 | $14,142 |
| KELLY SIMON | DIRECTOR OF HOME CARE Highest-paid employee | 40 | $116,938 | $22,223 |
| GUSTINES EVARISTO | DIRECTOR OF FOOD AND BEVERAGE Highest-paid employee | 40 | $120,805 | $14,142 |
| JAMES P COLEMAN | VICE PRESIDENT & TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MARC PUNTERERI | PRESIDENT Trustee or director, Officer | 20 | $0 | $0 |
| MARTY JENSEN | EXEC DIR/TREASURER/SECRETARY Trustee or director, Officer | 40 | $0 | $0 |
| DR ROBERT HIGGINS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MICHAEL J HARRISON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MICHELLE FISH | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3442 CYPRESS CLUB DR, CHARLOTTE, NC 28210-2467
- Principal officer (990 for 2024)
- MARC PUNTERERI, 3442 Cypress Club Dr, Charlotte, NC 28210
- Signed the 990
- MARTY JENSEN, EXECUTIVE DIRECTOR
- Phone
- (704) 714-5500
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- 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.Expenses $17,976,743 · revenue $25,992,084
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 | Not 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
- 56-2103741
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $7,628,456
- Income (IRS master file)
- $26,035,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $26,035,837 | $25,002,364 | $7,628,456 | XML |
| 990 | December 2023 | $23,414,010 | $23,270,494 | $7,598,867 | XML |
| 990 | December 2022 | $25,107,943 | $21,158,936 | $9,961,254 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 56-2103741).
Questions about CYPRESS OF CHARLOTTE CLUB INC
- What is the EIN of CYPRESS OF CHARLOTTE CLUB INC?
- The employer identification number (EIN) of CYPRESS OF CHARLOTTE CLUB INC is 56-2103741.
- Is CYPRESS OF CHARLOTTE CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2002.
- Are donations to CYPRESS OF CHARLOTTE CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CYPRESS OF CHARLOTTE 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 CHARLOTTE CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CYPRESS OF CHARLOTTE CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CYPRESS OF CHARLOTTE CLUB INC?
- The 990 for the year ended December 31, 2024 names MARC PUNTERERI.
- Who are the officers and directors of CYPRESS OF CHARLOTTE CLUB INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 5 received compensation from the organization, the highest $127,168 (Jessica Haynes, Director of HR).
- How much revenue does CYPRESS OF CHARLOTTE CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $26,035,837, expenses of $25,002,364 and total assets of $7,628,456 at year end.
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