THE CYPRESS OF CHARLOTTE CLUB INCPub 78
Pub 78
AI Summary
The Cypress of Charlotte Club Inc is a nonprofit mutual benefit corporation based in North Carolina, dedicated to providing retirement housing and healthcare for the elderly. With an operating budget of $25 million and total revenue of $26 million for the 2024 filing year, the organization focuses on ensuring financial security for its residents, allowing them to remain in their homes even if they exhaust their funds. The Cypress operates without relying on a single funder for 50% or more of its revenue, emphasizing its commitment to serving the community's needs. For more information, visit www.thecypressofcharlotte.com.
Mission Statement
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.
Cause Areas
1
Retirement housing
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is THE CYPRESS OF CHARLOTTE CLUB INC’s budget?
In 2024, THE CYPRESS OF CHARLOTTE CLUB INC reported an annual operating budget of around $25 million. More detailed financial information is available to registered users.
What causes does THE CYPRESS OF CHARLOTTE CLUB INC support?
THE CYPRESS OF CHARLOTTE CLUB INC supports work in Retirement housing.
Where does THE CYPRESS OF CHARLOTTE CLUB INC operate?
THE CYPRESS OF CHARLOTTE CLUB INC is headquartered in Charlotte, NC.
What is THE CYPRESS OF CHARLOTTE CLUB INC’s reliance on government grants?
THE CYPRESS OF CHARLOTTE CLUB INC relied on government grants for less than 5% of their total revenue in 2024.