THE CYPRESS OF CHARLOTTE CLUB INC Charity Report

Public IRS 990 nonprofit record

THE CYPRESS OF CHARLOTTE CLUB INC

EIN 56-2103741 · Senior Citizens Housing & Retirement Communities (L22)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

69.05%of revenue went to mission work71.9% of expenses · Program services

$96.03spent for every $100 of revenueRevenue covered expenses this year.

26.98%of revenue went to management and office costs28.1% of expenses

$0.31in assets for every $1 spent this yearSome assets cannot be spent right away.

0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $138,084 for JESSICA HAYNES (DIRECTOR OF HR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$26,035,837

Mission workProgram services$17,976,74369.05% of revenue71.9% of expenses

ManagementOffice and general costs$7,025,62126.98% of revenue28.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,033,4733.97% of revenueShown in gray on the chart

Total expenses$25,002,36496.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 71.9% mission · 28.1% management · 0.0% fundraisingTotal expenses: 96.03% of revenue

2023Expense mix: 85.3% mission · 14.7% management · 0.0% fundraisingTotal expenses: 99.39% of revenue

2022Expense mix: 86.2% mission · 13.8% management · 0.0% fundraisingTotal expenses: 84.27% of revenue

2021Expense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 97.45% of revenue

2020Expense mix: 86.4% mission · 13.6% management · 0.0% fundraisingTotal expenses: 99.85% of revenue

2019Expense mix: 87.9% mission · 12.0% management · 0.1% fundraisingTotal expenses: 97.10% of revenue

2018Expense mix: 88.1% mission · 11.8% management · 0.1% fundraisingTotal expenses: 99.83% of revenue

2017Expense mix: 80.4% mission · 19.5% management · 0.1% fundraisingTotal expenses: 99.39% of revenue

Money in and money out

Revenue$26,035,837

Expenses$25,002,364

Annual surplus $1,033,473 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,976,743 · 71.9% of expenses

Management and office costs$7,025,621 · 28.1% of expenses

See all reported dollar amounts

Revenue$26,035,837

Expenses$25,002,364

Assets$7,628,456

Income$26,035,837

Contributions$12,592

Mission work (program services)$17,976,743

Management and general$7,025,621

Stocks and bonds$2,615,469

Accounting fees$77,431

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JESSICA HAYNESDIRECTOR OF HR · 40 hrs/week $138,084Base $127,168 · Other $10,916

TERRY PAYNEDIRECTOR OF FINANCE · 40 hrs/week $136,024Base $124,588 · Other $11,436

TAMMY WILSONDIRECTOR OF NURSING · 40 hrs/week $128,587Base $116,168 · Other $12,419

EVARISTO GUSTINESDIRECTOR OF FOOD AND BEVERAGE · 40 hrs/week $125,622Base $114,818 · Other $10,804

KELLY SIMONDIRECTOR OF HOME CARE · 40 hrs/week $124,919Base $112,500 · Other $12,419

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

JESSICA HAYNESDIRECTOR OF HR

TERRY PAYNEDIRECTOR OF FINANCE

TAMMY WILSONDIRECTOR OF NURSING

EVARISTO GUSTINESDIRECTOR OF FOOD AND BEVERAGE

KELLY SIMONDIRECTOR OF HOME CARE

DR ROBERT HIGGINSDIRECTOR

JAMES P COLEMANVP AND TREASURER

MARC PUNTERERIPRESIDENT

MARTY JENSENEXECUTVIE DIRECTOR

MICHAEL J HARRISONDIRECTOR

MICHELLE FISHDIRECTOR

About this charity

Recognized since: January 2002
Location: 3442 CYPRESS CLUB DR, CHARLOTTE, NC 28210-2467
County: Mecklenburg
In care of: MARTY JENSEN
Primary officer: MARTY JENSEN, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(704) 714-5500

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Senior Citizens Housing & Retirement Communities (L22)
IRS tax category: Senior Citizens Housing & Retirement Communities