2025-11-17T12:44:46+00:00 2024-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2024-01-01 570951170 THE CYPRESS CLUB INC CYPR 8436897000 20 LADY SLIPPER LANE HILTON HEAD ISLAND SC 29926 Michael Fink Executive Director 8436897000 2025-11-17 true true Amy Bibby P00445891 8282542254 2025-11-14 2024 2025-03-06 01:10:19Z Michael Fink 20 LADY SLIPPER LANE HILTON HEAD ISLAND SC 29926 25926090 false X WWW.THECYPRESS.COM X 1991 SC THE CYPRESS CLUB, INC. WAS ESTABLISHED AS A NON-PROPRIETARY, NON- SHAREHOLDER, NOT-FOR-PROFIT MUTUTAL BENEFIT CORPORATION UNDER THE LAWS OF SOUTH CAROLINA, EXCLUSIVELY TO MAINTAIN HOUSING FOR THE ELDERLY, TO DIRECTLY PROVIDE HEALTH CARE FOR THE PHYSICAL AND MENTAL WELL-BEING OF ITS RESIDENTS, AND TO OPERATE THE FACILITY AT ITS LOWEST FEASIBLE AND ACCEPTABLE COST. 5 4 458 0 0 0 0 24189864 25700752 180522 4263 16589 221075 24386975 25926090 0 0 0 0 14674873 15426890 0 0 0 11090443 12146316 25765316 27573206 -1378341 -1647116 34996919 36815019 2167047 2780253 32829872 34034766 THE CYPRESS CLUB, INC. WAS ESTABLISHED AS A NON-PROPRIETARY, NON- SHAREHOLDER, NOT-FOR-PROFIT MUTUTAL BENEFIT CORPORATION UNDER THE LAWS OF SOUTH CAROLINA, EXCLUSIVELY TO MAINTAIN HOUSING FOR THE ELDERLY, TO DIRECTLY PROVIDE HEALTH CARE FOR THE PHYSICAL AND MENTAL WELL-BEING OF ITS RESIDENTS, AND TO OPERATE THE FACILITY AT ITS LOWEST FEASIBLE AND ACCEPTABLE COST. false false 11430960 13061226 LIFE CARE SERVICES HAS BEEN ENGAGED AS A MANAGEMENT COMPANY AND IS RESPONSIBLE FOR IMPLEMENTING POLICIES AND PROCEDURES ESTABLISHED BY THE CLUB, SUPERVISING DAY TO DAY MANAGEMENT OF THE CLUB, AND PROVIDING/RECOMMENDING OPERATIONAL PROJECTIONS AND GOALS FOR THE CLUB. AS A PART OF THE MANAGEMENT AGREEMENT, LIFE CARE SERVICES HIRES AND COMPENSATES THE EXECUTIVE DIRECTOR OF THE CLUB, SANDY GRIFFIN-BUKOSKEY AND THE ADMINISTRATOR, MONIQUE MCRAE. THE CLUB REIMBURSES LIFE CARE SERVICES FOR ALL SUCH PAYROLL EXPENSES IN ADDITION TO CONTRACTED MANAGEMENT FEES. ADDITIONAL INFORMATION REGARDING THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS FOUND ON PART VII OF THIS 990 AS WELL AS SCHEDULE J. 6456653 7970370 THE CYPRESS HAS AN ON-SITE HEALTH CARE CENTER WHICH IS LICENSED TO PERFORM NURSING CARE SERVICES. 3681940 4684951 The Cypress offers in-home assisted living and clinic services for its members. 21569553 false false false false true false false false false false true false false false true true false true false false false false false false false false false false false false false false false false false false false false false true false false false false false true false false false false true 67 0 true 458 true false false false false false false false false X 5 4 false true false false true false false true false false false false false true false true true true false false false false SC X The Organization 8436897000 20 LADY SLIPPER LAND HILTON HEAD ISLAND SC 29926 BOB RAEHN DIRECTOR 0.3 X 0 0 0 JAMES P COLEMAN DIRECTOR 0.3 X 0 0 0 JEFF BRADLEY DIRECTOR 0.3 X 0 0 0 MARC PUNTERERI DIRECTOR 0.3 X 0 0 0 Randy Dolynuk DIRECTOR 0.3 X 0 0 0 Barbara Sepich EXECUTIVE DIRECTOR (Partial Year) 40.0 X 0 0 0 Michael Fink Executive Director (Partial Year) 40.0 X 0 0 0 Brigdee Mabelle Dir. Of Nursing 40.0 X 114125 0 0 Daniel Hart Dir. of Finance 40.0 X 118107 0 0 GALEN MILLER DIR. OF TECHNOLOGY 40.0 X 111795 0 0 Joan Sato Employee 40.0 X 109772 0 0 Sheila Glover Employee 40.0 X 111641 0 0 565440 0 0 5 false false false Arthur J Gallagher Risk Management Services PO Box 39735 CHICAGO IL 606949700 Risk Mgmt & Consulting 3309562 ADP Inc One ADP Blvd Roseland NJ 07068 Payroll 3092208 Cypress of Hilton Head Island Associates LP 20 Lady Slipper Lane Hilton Head Island SC 29926 Management 2812475 UMR Inc 11 Scott Street Suite 100 Wausau WI 544034888 Third Party Administrator 1731584 HHI Inc 20 Towne Dr Bluffton SC 29910 Construction 1510628 37 0 Membership Income 623990 13045431 13045431 Health Center 623990 7970370 7970370 Home Health Services 623990 4427138 4427138 Clinic/Home Health 623990 257813 257813 0 0 0 0 25700752 4263 4263 15795 15795 0 15795 15795 0 0 Other Revenues 623990 205280 205280 0 0 0 0 205280 25926090 25716547 0 209543 12714902 11876824 838078 108660 101498 7162 1625135 1518017 107118 978193 913717 64476 3549747 3549747 12163 12163 109093 109093 369445 358639 10806 0 18230 18230 836435 468544 367891 153687 153687 2182369 2033005 149364 30208 12206 18002 64727 64727 466344 466344 Food Costs 2387596 2387596 Therapy Expense 1332155 1332155 Operating Supplies 634117 484395 149722 0 0 0 0 27573206 21569553 6003653 0 219448 1087142 1461699 1329485 0 0 0 0 30722312 31590554 188560 177179 1649874 1693890 626112 233674 166753 392438 25000 25000 0 563273 519331 34996919 36815019 1662562 2318152 0 0 504485 462101 2167047 2780253 X 32829872 34034766 32829872 34034766 34996919 36815019 X -1647116 2852010 X false true true false false true false 626112 233674 392438 392438 Federal Income Taxes Employee Activity Fund 38591 lease liability 423510 462101 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Club is a nonprofit organization exempt from income taxes under Section 501(c)(4) of the Internal Revenue Code and files a Form 990 tax return. Management has evaluated that the Club's tax positions and concluded that the Club has taken no uncertain tax positions that require adjustment to the combined financial statements. The Club files as a tax-exempt organization. Because management has not identified unrelated business income in past years, the Club has not filed Form 990-T, Exempt Organization Business Income Tax Returns. Management is not aware of any activities that would jeopardize the tax-exempt status of the Club. Management is not aware of any significant activities that are subject to tax on unrelated business income or excise or other taxes for the Club. Homeowners associations may be taxed either as membership organizations or as regular corporations. For the years ended December 31, 2024 and 2023, the Regime was taxed as a membership organization. As a membership organization, membership income is exempt from taxation if certain elections are made, and the Regime is taxed only on its non-membership income, such as interest earnings, at regular federal and state corporate rates. The Regime follows the provisions of ASC 740-10 and has determined that there were no uncertain tax positions requiring recognition as of December 31, 2024 and 2023. The cypress of hilton head associates LP Developer 2812475 Management Fees false Form 990, Part VI, Line 3 Delegation of management duties Compensation from an unrelated organization: Compensation shown for Michael Fink, Executive director, was from an unrelated organization, life care services, LLC, The management company of the cypress club. Pursuant to the agreement with the management company, a portion of the management fees paid includes executive director compensation. Form 990, Part VI, Line 6 Classes of members or stockholders Each Property owner at the cypress is a member. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body No committees have the authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body A copy of the tax return is provided to the financial manager and executive director of the organization for review before the income tax return is filed. Board members may request a copy. Form 990, Part VI, Line 12c Conflict of interest policy The process is reviewed with each new employee at their hire date. Form 990, Part VI, Line 19 Required documents available to the public The organization's governing documents and financial statements will be made available to the public upon written request and approval of management and the board of directors. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in net assets of related organization - 2852010; Total - 2852010; The cypress of hilton head owners' association 20 Lady Slipper Lane Hilton Head Island SC 29926 570951143 Homeowners Association SC NA C Corporation 0 false false false false false false false false false false false false false false false false false false false false