Public Charity

THE CYPRESS OF RALEIGH CLUB INC

Based in RALEIGH, NC, THE CYPRESS OF RALEIGH CLUB INC operates as a Public Charity. The organization reported $24.0M in revenue, $23.7M in expenses, $9.9M in total assets for fiscal year 2025.

EIN: 202818389 RALEIGH, NC Recreation & Sports N.E.C. NTEE: N99 Latest filing: 2025
Total Revenue$24.0M
Total Expenses$23.7M
Total Assets$9.9M
Grant Records0
Filing Years2021–2025

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.

Where $100 goes at The Cypress of Raleigh Club Inc

How The Cypress of Raleigh Club Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$78 Programs the work itself
$22 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $78 for programs

$39
The Cypress of Raleigh Club is a continuing care retirement community that includes 319 independent living units and a 61 bed nursing facility
50% of program spending · Reported in the filing: 319 units
$25
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
32% of program spending · Reported in the filing: 57 beds
$14
The home care agency provides personal services to members to continue living in their cottage or villas
18% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIR OF CLINI Candace Tuck
DIRECTOR Jack Hogge
DIR OF FACIL Jerry Hurt
DIR OF FINE Katharine Ward
DIRECTOR OF Lesley Olsen
PRESIDENT Mark Andrews

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $24.0M $23.7M $9.9M
2024 $23.3M $22.3M $10.3M
2023 $25.1M $21.6M $9.5M
2022 $19.5M $20.2M $5.8M
2021 $17.8M $17.7M $8.6M

Between 2021 and 2025, reported annual revenue grew from $17.8M to $24.0M (+35%), with total assets most recently reported at $9.9M.

Interactive year-over-year charts and full filing details available with membership.

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