THE CYPRESS OF RALEIGH CLUB INC

EIN: 202818389 Recreation & Sports

RALEIGH, NC

Total Revenue
$24,033,844
Total Expenses
$23,679,163
Total Assets
$9,889,070
Net Assets
$6,964,425
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NC
Principal Officer
MARK ANDREWS
Phone
9195188936
Tax Period
2025-01-01 to 2025-12-31

THE CYPRESS OF RALEIGH CLUB INC, founded in 2005, is a mid-sized nonprofit in the Recreation & Sports sector that reported $24.0M in total revenue in fiscal year 2025.

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 Service Accomplishments

Program 1
Expenses: $9,083,431 Revenue: $13,282,793

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...

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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.

Program 2
Expenses: $3,349,769 Revenue: $3,311,189

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...

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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.

Program 3
Expenses: $5,813,299 Revenue: $6,591,472

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,185,454
Investment Income $844,910
Other Revenue $3,480
TOTAL REVENUE $24,033,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,121,743
Fundraising Expenses $0
Program Expenses $18,246,499
Other Expenses $8,557,420
TOTAL EXPENSES $23,679,163

Year-over-Year Comparison

2025 2024 Change
Revenue $24,033,844 $23,307,078 +0.0%
Expenses $23,679,163 $22,296,994 +0.1%
Net Income $354,681 $1,010,084 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
517
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CANDACE TUCK DIR OF CLINI 40.00
Highest
$185,923 $20,189 $206,112
LESLEY OLSEN DIRECTOR OF 40.00
Highest
$171,460 $13,480 $184,940
JERRY HURT DIR OF FACIL 40.00
Highest
$153,152 $9,020 $162,172
PAULINE SARDO DIR OF FINAN 40.00
Highest
$148,714 $12,947 $161,661
KATHARINE WARD DIR OF FINE 40.00
Highest
$141,062 $19,008 $160,070
MARK ANDREWS PRESIDENT 15.00
Officer Director
$0 $0 $0
ZACH WALKER VP 4.00
Officer Director
$0 $0 $0
TOM FORD SECRETARY/TR 40.00
Officer Director
$0 $0 $0
JACK HOGGE DIRECTOR 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $24,033,844 $23,679,163 $9,889,070 $354,681
2024 $23,307,078 $22,296,994 $10,348,860 $1,010,084
2023 $25,127,859 $21,623,530 $9,521,736 $3,504,329
2022 $19,452,580 $20,168,450 $5,770,297 $-715,870
2021 $17,789,795 $17,730,072 $8,631,439 $59,723
2020 $17,283,544 $15,365,872 $10,138,671 $1,917,672
2019 $14,685,709 $14,291,133 $16,232,609 $394,576
2018 $18,768,923 $12,556,792 $15,640,177 $6,212,131
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