The Cypress of Raleigh Club Inc

Nonprofit profile at a glance

EIN
202818389
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Raleigh, NC, USA
Phone
9195188936
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreation& Sports N.E.C.

Official website

Reported finances

Revenue
$24,033,844
Expenses
$23,679,163
Assets
$9,889,070
Liabilities
$2,924,645

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MARK ANDREWS (PRESIDENT)

Highest reported compensation

  • CANDACE TUCK (DIR OF CLINI): $206,112 total reported compensation
  • LESLEY OLSEN (DIRECTOR OF): $184,940 total reported compensation
  • JERRY HURT (DIR OF FACIL): $162,172 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 60
  • Accountability: 100
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.7%; rating input score 76
  • Program expense ratio: 77.1%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.5%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 8.1% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 75.7% of revenue deployed · 77.1% of spending went to programs
  • Governance: 4 of 4 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $18.2M in reported program spending
  • Leadership: top reported pay $206K · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.3M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.