2017-01-16T00:00:00-06:00 2016-07-31 420714325 RSM US LLP 105 8TH AVENUE SE SUITE 300 OLYMPIA WA 985011386 990 2015-08-01 943048988 PANORAMA PANO 3604560111 1751 CIRCLE LANE SE LACEY WA 98503 CHARLES W STRADER VICE PRESIDENT/CFO 3604560111 2017-01-18 1 DALE K HEDDEN CPA P00007754 3607547244 2015 2021-01-29 14:40:06Z CHARLES W STRADER 1751 CIRCLE LANE SE LACEY WA 98503 67894361 0 X WWW.PANORAMACCRC.ORG X 1964 WA TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME. 6 6 556 1500 30476 9621 535842 244653 43628758 44441546 -51595 -17120 23197 30476 44136202 44699555 52566 78662 0 0 18317180 19191803 0 0 121215 20874242 21241752 39243988 40512217 4892214 4187338 185306536 193284416 118104187 122147566 67202349 71136850 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 35008227 78662 44441546 PANORAMA IS A CONTINUING CARE RETIREMENT CENTER THAT OFFERS 840 RESIDENTIAL FAMILY DWELLING UNITS, INCLUDING 46 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. 35008227 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 1 0 0 0 0 0 0 0 0 1 155 0 1 556 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 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 27300 0 0 FRED GOLDBERG CHAIRMAN 2.00 X 31550 0 0 DARYL JENSEN VICE CHAIRMAN 2.00 X 32700 0 0 HOLLY MASON DIRECTOR 2.00 X 33500 0 0 RALPH MUNRO DIRECTOR 2.00 X 29700 0 0 JAMES OLSON DIRECTOR 2.00 X 27950 0 0 JOSEPH DI SANTO PRESIDENT/CEO 40.00 X 434023 0 119049 CHARLES W STRADER VICE-PRESIDENT/CFO 40.00 X 288457 0 69049 MATTHEW MURRY VICE-PRESIDENT/COO 40.00 X 193980 0 65855 HOWARD A BURTON DIRECTOR OF MARKETING 40.00 X 200686 0 16892 VIRGINIA R DOBRY RETIREMENT ADVISOR 40.00 X 169470 0 13898 SHARON H RINEHART C&R ADMINISTRATOR 40.00 X 190063 0 16059 VICKI CATE CONTROLLER 40.00 X 182895 0 15114 PATRICK THIELEN RETIREMENT ADVISOR 40.00 X 184545 0 15714 2026819 0 331630 13 0 1 0 BROWN BUILDING CONTRACTORS 3905 MARTIN WAY E C OLYMPIA WA 98506 CONSTRUCTION 2061067 LERCH'S FLOORING & TILE COMPANY INC 3050 PACIFIC AVE SE OLYMPIA WA 98501 CONSTRUCTION 1850761 SCHULER CONSTRUCTION LLC 11101 147TH ST E PUYALLUP WA 98374 CONSTRUCTION 1405506 ROYCE PACIFIC CONTRACTING 8726 OXFORD DR SE OLYMPIA WA 98503 CONSTRUCTION 1399646 AEGIS THERAPIES INC PO BOX 8103 FORT SMITH AR 72902 THERAPY SERVICES 1206775 35 244653 100000 244653 RETIREMENT COMMUNITY 531310 28705227 28705227 CONVALESCENT CENTER 623000 15736319 15736319 44441546 632600 632600 22540811 4275 22503991 690815 36820 -686540 -649720 -649720 ADVERTISING 541800 30476 30476 30476 44699555 44441546 30476 -17120 78662 78662 1381356 1381356 14373580 13286663 1000071 86846 469286 403586 61007 4693 1440472 1238806 187261 14405 1527109 1313314 198524 15271 9398 9398 90333 90333 1754800 1332673 422127 287273 287273 381948 381948 4221792 4010702 211090 131055 131055 901102 901102 9206533 8746206 460327 491824 467233 24591 SUPPLIES 1199943 1199943 REPAIRS AND MAINTENANCE 1153149 1095492 57657 ADMINISTRATION EXPENSE 663795 663795 FOOD COSTS 646572 646572 102235 102235 40512217 35008227 5382775 121215 4357974 4981418 3701594 4119221 1079528 917526 288721 327546 63848 61511 1095035 1190946 231046429 101593263 125207277 129453166 45514004 44875206 3998555 7357876 185306536 193284416 3547662 4328989 73830889 77826713 38330000 37010000 2395636 2981864 118104187 122147566 X 67196089 71073800 6260 63050 67202349 71136850 185306536 193284416 X 4187338 -32697 -220140 X X 0 1 X 1 0 X 720917 594891 390470 535842 244653 2486773 39104494 39458466 41854664 43628758 44441546 208487928 39825411 40053357 42245134 44164600 44686199 210974701 21700 22582 23300 24000 27675 119257 4955233 5243456 5869234 5106468 6122037 27296428 4976933 5266038 5892534 5130468 6149712 27415685 183559016 1034647 768074 609639 579715 632600 3624675 1034647 768074 609639 579715 632600 3624675 5858 50 13131 11690 30729 40865916 40821481 42867904 44744315 45330489 214630105 0.85520 0.85270 0.01690 0.01950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6796542 6796542 200733024 85212452 115520572 18946152 12692880 6253272 4570711 3687931 882780 129453166 REFUNDABLE ENTRANCE FEES 1100000 FAIR VALUE OF INTEREST RATE SWAP 531776 DEFERRED COMPENSATION 1027596 ANNUITY OBLIGATIONS 165742 DEPOSITS 156750 2981864 X 45133258 -32697 466400 433703 44699555 0 44699555 41198758 686540 686540 40512218 0 40512218 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, 2013, AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 686,540. UNREALIZED GAIN ON INTEREST RATE SWAP -220,140. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 686,540. 1 PANORAMA CITY RESIDENT COUNCIL 1751 CIRCLE LANE SE LACEY WA 98503 501(C)(3) 15000 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) 46376 SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY WASHINGTON CENTER FOR PERFORMING ARTS 512 WASHINGTON STREET SE OLYMPIA WA 98501 501(C)(3) 10000 HEARING AID DEVICES 3 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 312423 0 121600 0 0 0 111304 0 7745 0 553072 0 0 0 CHARLES W STRADER VICE-PRESIDENT/CFO 223837 0 64620 0 0 0 61304 0 7745 0 357506 0 0 0 MATTHEW MURRY VICE-PRESIDENT/COO 161988 0 31992 0 0 0 58110 0 7745 0 259835 0 0 0 HOWARD A BURTON DIRECTOR OF MARKETING 149052 0 51634 0 0 0 8857 0 8035 0 217578 0 0 0 VIRGINIA R DOBRY RETIREMENT ADVISOR 168890 0 580 0 0 0 6392 0 7506 0 183368 0 0 0 SHARON H RINEHART C&R ADMINISTRATOR 160159 0 29904 0 0 0 8024 0 8035 0 206122 0 0 0 VICKI CATE CONTROLLER 133279 0 49616 0 0 0 7091 0 8023 0 198009 0 0 0 PATRICK THIELEN RETIREMENT ADVISOR 183965 0 580 0 0 0 8297 0 7417 0 200259 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 X GLASS SCONCES 3 100000 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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 -220,140. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.