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The Cypress Of Charlotte Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562103741 ✦ Charlotte, NC ✦ Designated as a 501(c)(4)

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Overview

What is The Cypress Of Charlotte Club Inc?

The Cypress of Charlotte Club Inc, a North Carolina-based nonprofit corporation, is dedicated to providing housing and healthcare services for elderly residents. With 554 employees, they operate a continuing care retirement community in Charlotte, ensuring that elderly members can maintain a comfortable living experience with peace of mind. The organization, founded as a not-for-profit mutual benefit corporation, focuses on both physical and mental well-being by offering assisted living and healthcare, guaranteeing financial security for its residents, and keeping operational costs low. Their mission is to enhance the lives of their members by delivering exceptional services in an upscale environment.


Official website here: www.thecypressofcharlotte.com

Is The Cypress Of Charlotte Club Inc legitimate?

The Cypress Of Charlotte Club Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Cypress Of Charlotte Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,193,676

For more financial information, click here


Official website here: www.thecypressofcharlotte.com

What is the mission statement of The Cypress Of Charlotte Club Inc?

The Cypress of Charlotte Club Inc is a not-for-profit corporation dedicated to providing housing and healthcare services for elderly residents. Established under the laws of North Carolina, the organization operates as a mutual benefit corporation, committed to maintaining affordable housing and ensuring financial security for its residents. The mission of The Cypress of Charlotte Club is to enhance the lives of its members by delivering exceptional services in an upscale environment, focusing on their physical and mental well-being. Residents of the community's 310 privately-owned residential units receive assisted living services, including healthcare, to ensure their overall wellness. The organization strives to provide peace of mind and operate the facility at its lowest feasible and acceptable cost.


Official website here: www.thecypressofcharlotte.com

Who is the CEO of The Cypress Of Charlotte Club Inc?

Marc Puntereri is the President of The Cypress Of Charlotte Club Inc.


Official website here: www.thecypressofcharlotte.com

What is the revenue of The Cypress Of Charlotte Club Inc?

The Cypress Of Charlotte Club Inc's revenue in 2022 was $25,107,943.


Official website here: www.thecypressofcharlotte.com

Who are the executives of The Cypress Of Charlotte Club Inc and what are their salaries?

The average compensation at The Cypress Of Charlotte Club Inc during 2022 was $18,400. There are 554 employees and 10 volunteers at The Cypress Of Charlotte Club Inc.


Here are 12 key members and their salaries:


Marc Puntereri (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James P Coleman (Vice President & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Harrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Robert Higgins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Fish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Jensen (Exec Dir/Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Heintel (Director Of Finance)
  • Compensation: $126,005
  • Related: $0
  • Other: $12,963
Jessica Haynes (Director Of Human Resources)
  • Compensation: $130,375
  • Related: $0
  • Other: $20,371
Zaneida Chambliss (Director Of Nursing)
  • Compensation: $146,792
  • Related: $0
  • Other: $14,142
Kelly Simon (Director Of Home Care)
  • Compensation: $120,893
  • Related: $0
  • Other: $22,223
Harry Kaiser (Director Of Facility Services)
  • Compensation: $116,817
  • Related: $0
  • Other: $14,142
Gustines Evaristo (Director Of Food And Beverage)
  • Compensation: $109,697
  • Related: $0
  • Other: $14,438


Official website here: www.thecypressofcharlotte.com

Where can I find the form 990 for The Cypress Of Charlotte Club Inc?

The Cypress Of Charlotte Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thecypressofcharlotte.com

Learn more at the official website: www.thecypressofcharlotte.com

Mission Statement of The Cypress Of Charlotte Club Inc

The Cypress of Charlotte Club, a distinguished not-for-profit organization, exists solely to cater to the needs of the elderly community. Established under the laws of North Carolina, this mutual benefit corporation is dedicated to providing housing and healthcare services for its residents, ensuring their physical and mental well-being. The organization takes pride in offering a level of financial security that allows residents to remain in the community even if they exhaust their funds.

At its core, The Cypress of Charlotte Club is focused on enhancing the lives of its members through exceptional service. This upscale retirement community is committed to delivering peace of mind in a sophisticated environment. Within the community, 310 privately owned residential units house elderly residents, who receive assisted living services tailored to their unique requirements. The organization's healthcare offerings encompass both physical and mental well-being, making it a preferred choice for the elderly seeking a nurturing and supportive environment.

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Impact




October, 2024

The Cypress Of Charlotte Club Inc significantly impacts the lives of elderly residents in Charlotte by providing a supportive and secure living environment tailored to their needs. With 310 privately owned residential units, it offers a unique blend of assisted living services designed to promote both physical and mental well-being. Residents benefit from comprehensive healthcare support, ensuring they receive the necessary attention to maintain a healthy lifestyle.

Additionally, The Cypress prioritizes financial security, enabling residents to remain in their homes even if they deplete their personal funds. This commitment fosters a sense of stability and peace of mind, allowing residents to focus on enjoying their lives rather than worrying about financial burdens. By operating at the lowest feasible costs, The Cypress ensures access to quality living without compromising service excellence.

Overall, The Cypress Of Charlotte serves as a vital resource in enhancing the quality of life for seniors, delivering exceptional service in a welcoming and upscale community. Its dedication to maintaining a nurturing environment reflects a broader commitment to the well-being of its residents, reinforcing the importance of community support for the elderly.




This information is meant to be a general summary of The Cypress Of Charlotte Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$25,107,943 (2022)
Expenses
$21,158,936 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,009
  • Program Service Revenue: $20,635,027
  • Gross Receipts: $25,107,943

Assets and Liabilities:

  • Total Assets: $9,961,254
  • Total Liabilities: $13,962,814
  • Net Assets: -$4,001,560

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER FEES

Revenue

$11,891,872

HEALTH CENTER SERVICES

Revenue

$5,097,070

HOME HEALTH SERVICES

Revenue

$3,646,085

Organization Details

Founding Year

1998

Principal Officer

Marc Puntereri

Main Address

3442 CYPRESS CLUB DR, CHARLOTTE, NC, 28210

NTEE Category

Code: L22 - Housing

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