2018-03-12T21:58:38-05:00 2017-07-31 420714325 RSM US LLP 1145 BROADWAY PLAZA SUITE 900 TACOMA WA 98402 990 2016-08-01 943048988 PANORAMA PANO 3604560111 1751 CIRCLE LANE SE LACEY WA 98503 CHARLES W STRADER CEO/CFO 3604560111 2017-12-31 1 DALE K HEDDEN P00007754 2535727111 108.171.132.189 2018-03-07 11:54:19 PS P 0E279D1CE1F7CF495AA2FBE41A2C79A604DD9143 16E84C8790D6EA3EC78DF364AAB2868D96FE752B 2016 2021-01-29 14:40:06Z CHARLES W STRADER 1751 CIRCLE LANE SE LACEY WA 98503 70644133 0 X WWW.PANORAMACCRC.ORG X 1964 WA TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME. 7 7 540 1500 25051 0 244653 684074 44441546 45364027 -17120 178293 30476 45856 44699555 46272250 78662 113116 0 0 19191803 19634871 0 0 127476 21241752 22317666 40512217 42065653 4187338 4206597 193284416 197152692 122147566 121375704 71136850 75776988 TO BE A COMMUNITY THAT SUPPORTS ITS MEMBERS THROUGH THE VARIOUS STAGES OF AGING, FROM INSPIRING INDIVIDUAL ENRICHMENT AND OVERALL WELLNESS TO OFFERING SECURITY AND UNCOMPROMISING CARE, ALLOWING EACH RESIDENT THE OPPORTUNITY TO THRIVE. 0 0 36419301 113116 45358161 PANORAMA IS A CONTINUING CARE RETIREMENT CENTER THAT OFFERS 840 RESIDENTIAL FAMILY DWELLING UNITS, INCLUDING 40 ASSISTED LIVING UNITS AND A LICENSED 155 BED SKILLED NURSING FACILITY. PANORAMA HAS A VARIETY OF COMMUNITY FACILITIES, SUCH AS A COMMUNITY HALL WITH A RESTAURANT, AQUATIC AND FITNESS CENTER, PHARMACY, TRAVEL AGENCY, GIFT AND GROCERY SHOP, BEAUTY SALON, TWO FINANCIAL INSTITUTIONS, ONE BROKERAGE FIRM, AND COMMON AREAS FOR RECREATIONAL AND SOCIAL USE. 36419301 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 187 0 1 540 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X CHARLES W STRADER 3604387771 1751 CIRCLE LANE SE LACEY WA 98503 WILLIAM A GAVIN MD DIRECTOR 2.00 X 26550 0 0 FRED GOLDBERG CHAIRMAN 2.00 X 30400 0 0 DARYL JENSEN VICE CHAIRMAN 2.00 X 33650 0 0 HOLLY MASON DIRECTOR 2.00 X 28250 0 0 RALPH MUNRO DIRECTOR 2.00 X 28250 0 0 JAMES OLSON DIRECTOR 2.00 X 27650 0 0 KATHLEEN HOUSTON DIRECTOR 2.00 X 4700 0 0 JOSEPH DI SANTO PRESIDENT/CEO RETIRED 8/1/16 40.00 X 352630 0 116710 CHARLES W STRADER CEO/CFO 40.00 X 310862 0 69690 MATTHEW MURRY PRESIDENT/COO 40.00 X 255591 0 67494 HOWARD A BURTON DIRECTOR OF MARKETING 40.00 X 213098 0 17005 VIRGINIA R DOBRY RETIREMENT ADVISOR 40.00 X 176142 0 14804 SHARON H RINEHART EXECUTIVE DIR. OF CLINICAL OPERATIONS 40.00 X 206831 0 16369 CYNTHIA MCKRILL CONTROLLER 40.00 X 154273 0 7736 PATRICK THIELEN RETIREMENT ADVISOR 40.00 X 165968 0 14057 2014845 0 323865 17 0 1 0 BROWN BUILDING CONTRACTORS 3905 MARTIN WAY E C OLYMPIA WA 98506 CONSTRUCTION 2596905 LERCH'S FLOORING & TILE COMPANY INC PO BOX 14457 TUMWATER WA 985114457 CONSTRUCTION 2121760 AEGIS THERAPIES INC PO BOX 8103 FORT SMITH AR 72902 THERAPY SERVICES 1263386 ROYCE PACIFIC CONTRACTING 8726 OXFORD DR SE OLYMPIA WA 98503 CONSTRUCTION 1240877 SCHULER CONSTRUCTION LLC 11101 147TH ST E PUYALLUP WA 98374 CONSTRUCTION 1083823 31 684074 684074 RETIREMENT COMMUNITY 531310 29482957 29482957 CONVALESCENT CENTER 623000 15881070 15881070 45364027 701688 701688 20805 0 20805 20805 20805 23842488 6000 23811203 560680 31285 -554680 -523395 -523395 ADVERTISING 541800 25051 25051 25051 46272250 45364027 25051 199098 113116 113116 1243949 1243949 14947691 13814821 1039826 93044 442927 380917 57581 4429 1465187 1260061 190474 14652 1535117 1320201 199565 15351 132966 132966 97795 97795 1937042 1387597 549445 213996 213996 380710 380710 4363077 4144923 218154 119468 119468 818229 818229 9926198 9429888 496310 501849 476757 25092 UBI TAX 1043 1043 REPAIRS AND MAINTENANCE 1234357 1172639 61718 SUPPLIES 1188905 1188905 FOOD COSTS 697251 697251 704780 704780 42065653 36419301 5518876 127476 4981418 6206581 4119221 2097611 917526 1145923 327546 218535 61511 24429 1190946 1419306 242567111 108432710 129453166 134134401 44875206 47431349 7357876 4474557 193284416 197152692 4328989 4308836 77826713 79396002 37010000 35690000 2981864 1980866 122147566 121375704 X 71073800 75714813 63050 62175 71136850 75776988 193284416 197152692 X 4206597 -245749 679290 X X 0 1 X 1 0 X 594891 390470 535842 244653 684074 2449930 39458466 41854664 43628758 44441546 45358161 214741595 40053357 42245134 44164600 44686199 46042235 217191525 22582 23300 24000 27675 41140 138697 5243456 5869234 5106468 6122037 6081694 28422889 5266038 5892534 5130468 6149712 6122834 28561586 188629939 768074 609639 579715 632600 701688 3291716 768074 609639 579715 632600 701688 3291716 50 13131 11690 25021 49892 40821481 42867904 44744315 45330489 46768944 220533133 0.85530 0.85520 0.01490 0.01690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7657992 7657992 211049013 90833866 120215147 19289395 13773070 5516325 4570711 3825774 744937 134134401 REFUNDABLE ENTRANCE FEES 1100000 FAIR VALUE OF INTEREST RATE SWAP 36294 DEFERRED COMPENSATION 702248 ANNUITY OBLIGATIONS 141144 DEPOSITS 1180 1980866 X 47260471 -245749 1233970 988221 46272250 0 46272250 42621208 555555 555555 42065653 0 42065653 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THE ORGANIZATION MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT; THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL AUTHORITIES FOR FISCAL YEARS ENDED JULY 31, 2014, AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 554,680. UNREALIZED GAIN ON INTEREST RATE SWAP 679,290. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 554,680. RELEASE FROM RESTRICTION 875. 1 PANORAMA CITY RESIDENT COUNCIL 1751 CIRCLE LANE SE LACEY WA 98503 501(C)(3) 20000 SUPPORT THE OPERATIONS OF THE COUNCIL WHICH COMPRISES A SELECTED NO. OF RESIDENT VOLUNTEERS PANORAMA BENEVOLENT FUND 1751 CIRCLE LANE SE LACEY WA 98503 237191166 501(C)(3) 73884 SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY 2 0 PART I, LINE 2: FUNDS GIVEN TO THE BENEVOLENT FUND ARE TO BE USED IN ACCORDANCE WITH THE AGREEMENT. X X X 0 0 0 0 0 0 0 0 0 JOSEPH DI SANTO PRESIDENT/CEO RETIRED 8/1/16 240715 0 111915 0 0 0 111195 0 5515 0 469340 0 0 0 CHARLES W STRADER CEO/CFO 244970 0 65892 0 0 0 61495 0 8195 0 380552 0 0 0 MATTHEW MURRY PRESIDENT/COO 198993 0 56598 0 0 0 59382 0 8112 0 323085 0 0 0 HOWARD A BURTON DIRECTOR OF MARKETING 154882 0 58216 0 0 0 8974 0 8031 0 230103 0 0 0 VIRGINIA R DOBRY RETIREMENT ADVISOR 175162 0 980 0 0 0 7367 0 7437 0 190946 0 0 0 SHARON H RINEHART EXECUTIVE DIR. OF CLINICAL OPERATION 173559 0 33272 0 0 0 8321 0 8048 0 223200 0 0 0 CYNTHIA MCKRILL CONTROLLER 127303 0 26970 0 0 0 0 0 7736 0 162009 0 0 0 PATRICK THIELEN RETIREMENT ADVISOR 165188 0 780 0 0 0 6710 0 7347 0 180025 0 0 0 A WASHINGTON STATE HOUSING FINANCE COMMISSION 911875730 93978LEX0 2008-04-03 28500000 CAPITAL PROJECTS 0 0 0 A 28500000 2010 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 WELLS FARGO BANK 10.000000000000 1 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FEDERAL RETURN IS REVIEWED IN DETAIL FOR ACCURACY AND CONSISTENCY BY THE CONTROLLER. AMOUNTS ARE CROSS-REFERENCED TO THE AUDITED FINANCIAL STATEMENTS OR OTHER RECORDS OF THE COMPANY. QUESTIONS ARE RESOLVED THROUGH COMMUNICATIONS WITH THE PREPARER, AND CHANGES, IF ANY, ARE MADE. THE CFO, REVIEWS THE RETURN FOR REASONABLENESS. THE DRAFT RETURN IS E-MAILED TO EACH BOARD MEMBER FOR REVIEW. BOARD MEMBERS COMMUNICATE QUESTIONS TO THE CONTROLLER AND EACH QUESTION IS RESOLVED PRIOR TO FINALIZING AND FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PANORAMA HAS A CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND KEY EMPLOYEES, WHICH IS REVIEWED ANNUALLY. THE POLICY DICTATES THE PROTOCOL TO BE FOLLOWED FOR TRANSACTIONS OR ARRANGEMENTS WHICH CREATE A CONFLICT OF INTEREST. THE POLICY IS STRICTLY ADHERED TO. EACH BOARD MEMBER AND MEMBERS OF MANAGEMENT ACKNOWLEDGE (FORM SIGNED AND MAINTAINED BY HR) 1) RECEIPT OF THE POLICY, AND 2) THEIR UNDERSTANDING OF THE CONTENTS AND THE REQUIREMENT TO BE BOUND IN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 PANORAMA HAS A COMPENSATION COMMITTEE WHICH COMPRISES CERTAIN BOARD MEMBERS. ANNUALLY, THE COMMITTEE MEETS TO DETERMINE COMPENSATION OF EXECUTIVE MANAGEMENT. INDUSTRY DATA IS ACCUMULATED AND STUDIES ARE PERFORMED TO VERIFY COMPENSATION IS COMPARABLE TO OTHERS IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 PANORAMA'S GOVERNING DOCUMENTS, INCLUDING THE AUDITED FINANCIAL STATEMENTS AND FORM 990, ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REPORTS ARE MAINTAINED IN THE EXECUTIVE OFFICE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP 679,290. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.