NonprofitsCypress Of Raleigh Club Inc

Recreation & Sports

Cypress Of Raleigh Club Inc

RALEIGH, NC

Total revenue

$23.3M

Total expenses

$22.3M

Net assets

$7.8M

Grants received

EIN

202818389

Tax year

2024

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.

Programs

2 programs

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: $2.7M

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: $5.7M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$22.7M
Investment income$654K
Other revenue$3K
Total revenue$23.3M

Expenses

Grants paid
Salaries & benefits$14.3M
Fundraising
Other expenses$8.0M
Total expenses$22.3M
Total assets$10.3M
Net assets$7.8M

People

10 listed

NameRoleCompensation

MARK ANDREWS

PRESIDENT

Board

15 hrs/wk

RAY REISERT

VP (UNTIL 10

Board

4 hrs/wk

ZACH WALKER

VP (EFF 10/3

Board

4 hrs/wk

TOM FORD

SECRETARY/TR

Board

40 hrs/wk

JACK HOGGE

DIRECTOR

Board

0.25 hrs/wk

CANDACE TUCK

DIR OF CLINI

Staff

$174K

40 hrs/wk

LESLEY OLSEN

DIRECTOR OF

Staff

$162K

40 hrs/wk

JERRY HURT

DIR OF FACIL

Staff

$147K

40 hrs/wk

PAULINE SARDO

DIR OF FINAN

Staff

$140K

40 hrs/wk

MICHELLE BISANZ

DIR OF FINE

Staff

$128K

40 hrs/wk

Independent contractors

CYPRESS OF RALEIGH LLC

MANAGEMENT SERV

$1.6M

LIFE CARE SERVICES LLC

MANAGEMENT COMP

$681K

DAVIS LANDSCAPE LTD

LANDSCAPING

$654K

HEALTHPRO-HERITAGE LLC

THERAPY SERVICE

$535K

PROFESSIONAL PROPERTY SOLUTIONS

PROPERTY MGMT

$368K

Details

EIN202818389
NTEE codeN99
Subsection04
Ruling date2008-06
Formed2005
Employees503
CYPRESS OF RALEIGH CLUB INC — Mission, Financials & Grants Received | Grantivo