2013-01-21T11:17:35-06:00 2012-07-31 420714325 MCGLADREY LLP 105 8TH AVENUE SE SUITE 300 OLYMPIA WA 985011386 990 2011-08-01 943048988 PANORAMA PANO 3604560111 1751 CIRCLE LANE SE LACEY WA 98503 CHARLES W STRADER 3604560111 2013-01-11 1 DALE K HEDDEN CPA P00007754 3607547244 2011 2016-02-25 16:41:14Z CHARLES W STRADER 1751 CIRCLE LANE SE LACEY WA 98503 61853004 0 X WWW.PANORAMACITY.ORG X 1964 WA TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME. 6 6 513 1500 20554 5272 56583 720917 38094976 39104494 760620 -66565 20325 20554 38932504 39779400 24122 172677 0 0 16248767 16436621 0 0 100957 18280463 18843721 34553352 35453019 4379152 4326381 160370891 166393267 111813522 113161762 48557369 53231505 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 32337802 177390 39104494 PANORAMA IS A CONTINUING CARE RETIREMENT CENTER THAT OFFERS 833 RESIDENTIAL FAMILY DWELLING UNITS, INCLUDING 40 ASSISTED LIVING UNITS. PANORAMA ALSO OPERATES A 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. 32337802 1 1 0 0 0 0 0 0 0 0 1 1 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 1 0 0 0 0 0 0 0 0 1 144 0 1 513 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 X CHARLES W STRADER 3604387771 1751 CIRCLE LANE SE LACEY WA 98503 DR WILLIAM GAVIN 2.00 X 18300 0 0 FRED GOLDBERG 2.00 X 23100 0 0 DARYL JENSEN 2.00 X 23700 0 0 NANCY H MASON 2.00 X 20700 0 0 RALPH MUNRO 2.00 X 18600 0 0 JAMES OLSON 2.00 X 18900 0 0 JOSEPH DI SANTO 40.00 X 292405 0 119550 CHARLES W STRADER 40.00 X 257977 0 44205 HOWARD BURTON 40.00 X 176181 0 16012 MATT MURRY 40.00 X 147241 0 14305 PATRICK THIELEN 40.00 X 190444 0 16049 VICKI CATE 40.00 X 143537 0 14064 JEFF HARLEY 40.00 X 131765 0 13577 1462850 0 237762 14 0 1 0 BROWN BUILDING CONTRACTORS 3905 MARTIN WAY E SUITE C OLYMPIA WA 98506 CONTRACTOR 2296190 ANDY JOHNSON & COMPANY PO BOX 46 OLYMPIA WA 98507 CONTRACTOR 1198670 AEGIS THERAPIES INC PO BOX 8103 FORT SMITH AR 72902 THERAPY 977307 BARRY BUILT CONSTRUCTION LLC 342 ROSEBROOK RD CHEHALIS WA 98532 CONTRACTOR 747260 ROYCE PACIFIC CONTRACTING INC 8726 OXFORD DRIVE SE OLYMPIA WA 98503 CONTRACTOR 729373 24 720917 135000 720917 RETIREMENT COMMUNITY 531310 23851084 23851084 CONVALESCENT CENTER 623000 15253410 15253410 39104494 1034647 1034647 20972392 21181233 892371 -208841 -892371 -1101212 -1101212 ADVERTISING 541800 20554 20554 20554 39779400 39104494 20554 -66565 X 172677 172677 855170 855170 12505669 11630272 790553 84844 475047 441794 28715 4538 1151721 1071101 75489 5131 1449014 1282366 160204 6444 274169 274169 82350 82350 345408 328137 17271 328698 312263 16435 75624 71843 3781 3942045 3744943 197102 111723 106137 5586 1364903 1364903 7019073 6668119 350954 443072 420918 22154 SUPPLIES 1421401 1350331 71070 REPAIRS AND MAINTENANCE 1173628 1114947 58681 THERAPY 1036566 1036566 FOOD COSTS 656391 656391 568670 564094 4576 35453019 32337802 3014260 100957 2456872 3359951 1423795 1312201 915594 1177964 397827 640610 53853 52700 551697 1032635 186278700 78633086 106496658 107645614 45785018 47740884 2289577 3430708 160370891 166393267 3147688 3765340 60242233 63098529 43040000 41990000 15000 15000 5368601 4292893 111813522 113161762 X 48557369 53229194 2311 48557369 53231505 160370891 166393267 X 4326381 347755 X X 0 1 1 X 0 X 230062 1150 4947306 50000 720917 5949435 33917607 35055879 36694220 38101559 39104494 182873759 34147669 35057029 41641526 38151559 39825411 188823194 20113 20000 20000 20668 21700 102481 4955832 4723934 4680642 5332169 4955233 24647810 4975945 4743934 4700642 5352837 4976933 24750291 164072903 1919705 2092169 1182940 1077195 1034647 7306656 1919705 2092169 1182940 1077195 1034647 7306656 7875 9166 9252 5858 32151 36075249 37158364 42833718 39228754 40865916 196162001 0.83640 0.82890 0.03720 0.04120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6655103 6655103 160658462 66390319 94268143 14246952 9083093 5163859 4718183 3159674 1558509 107645614 CERTIFICATES OF DEPOSIT 1606386 F U.S. AGENCIES 6701587 F CORP DEBT SECURITIES 37819106 F BENEVOLENT FD-EQUITY SEC HOLDING COMPRISE FUNDS 773880 F OTHER SECURITIES 31626 F RESTRICTED INVESTMENTS 808299 F 47740884 REFUNDABLE ENTRANCE FEES 1200000 FAIR VALUE OF INTEREST RATE SWAP 1940448 DEFERRED COMPENSATION PLAN 911271 ANNUITY OBLIGATIONS 208573 OTHER DEPOSITS 32601 4292893 39779400 35453019 4326381 32311 315444 347755 4674136 41019526 32311 1207815 1240126 39779400 0 39779400 36345390 892371 892371 35453019 0 35453019 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 ADJUSTMENTS; 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, 2008, AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 315,444. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 892,371. UNREALIZED GAIN ON INTEREST RATE SWAP 315,444. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ABANDONED PROPERTY NETTED INTO TAX REVENUE 892,371. 1 PANORAMA CITY RESIDENT COUNCIL 1751 CIRCLE LANE SE LACEY WA 98503 501(C)(3) 9000 SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY PANORAMA BENEVOLENT FUND 1751 CIRCLE LANE SE LACEY WA 98503 237191166 501(C)(3) 168390 SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 247068 0 45337 0 0 0 111844 0 7706 0 411955 0 0 0 CHARLES W STRADER 207757 0 50220 0 0 0 36683 0 7522 0 302182 0 0 0 HOWARD BURTON 148329 0 27852 0 0 0 8733 0 7279 0 192193 0 0 0 MATT MURRY 123563 0 23678 0 0 0 7146 0 7159 0 161546 0 0 0 PATRICK THIELEN 190444 0 0 0 0 0 9375 0 6674 0 206493 0 0 0 VICKI CATE 117276 0 26261 0 0 0 6897 0 7167 0 157601 0 0 0 WASHINGTON STATE HOUSING FINANCE COMMITTEE 911875730 93978LEX0 2008-04-03 28500000 CAPITAL PROJECTS 0 0 0 500000 28500000 2010 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 X 1 135000 FAIR MARKET VALUE 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 VICKI CATE, 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. BILL STRADER, CFO, REVIEWS THE RETURN FOR REASONABLENESS. THE DRAFT RETURN IS E-MAILED TO EACH BOARD MEMBER FOR REVIEW. BOARD MEMBERS COMMUNICATE QUESTIONS TO VICKI CATE 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 IS ALSO AVAILABLE ONLINE AT GUIDESTAR WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 32,311. UNREALIZED GAIN ON INTEREST RATE SWAP 315,444. TOTAL TO FORM 990, PART XI, LINE 5: 347,755. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.