Panorama
- Assets
- $219.0m
- Revenue
- $47.1m
- Investments
- $0.0
- Employees
- 431
- Location
- Lacey, WA
- Founding
- 05/1992
- Data as of
- 07/2022
- EIN
- 94-3048988
Organization Overview
Panorama is located in Lacey, WA. The organization was established in 1992. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 07/2022, Panorama employed 431 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panorama is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Panorama generated $47.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $46.4m during the year ending 07/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Panorama has awarded 24 individual grants totaling $1,181,870. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND ENRICH THE LIVES OF INDIVIDUALS WHO CHOOSE TO MAKE PANORAMA THEIR HOME.
Describe the Organization's Program Activity:
PANORAMA IS A CONTINUING CARE RETIREMENT COMMUNITY THAT OFFERS 840 RESIDENTIAL FAMILY DWELLING UNITS, OF WHICH 43 ARE ASSISTED LIVING UNITS, PLUS 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, ONE BROKERAGE FIRM, A VOLUNTEER RESIDENT COUNCIL, AND COMMON AREAS FOR RECREATIONAL AND SOCIAL USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Strader CEO & CFO | Officer | 40 | $512,853 |
Matthew Murry President & COO | Officer | 40 | $496,796 |
Dennis Wilkerson Administrator | 40 | $236,210 | |
Cynthia Mckrill Controller | 40 | $212,480 | |
Lisa Zvirzdys Retirement Advisor | 40 | $206,326 | |
Jillian Huentelman Director Of Marketing | 40 | $193,702 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcmeekin Construction Inc Construction | 7/30/22 | $6,743,810 |
Andy Johnson & Co Inc Construction | 7/30/22 | $4,407,472 |
Royce Pacific Contracting Construction | 7/30/22 | $1,596,964 |
Schuler Construction Llc Construction | 7/30/22 | $1,003,772 |
Aegis Therapies Inc Therapy Services | 7/30/22 | $988,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,433 |
| Total Program Service Revenue | $46,361,375 |
| Investment income | $422,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| Net Gain/Loss on Asset Sales | -$128,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,071,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,297 |
| Grants and other assistance to domestic individuals. | $18,184 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,723,013 |
| Compensation of current officers, directors, key employees. | $1,723,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,306,379 |
| Pension plan accruals and contributions | $564,076 |
| Other employee benefits | $1,764,479 |
| Payroll taxes | $1,631,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,925 |
| Fees for services: Accounting | $108,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,648,327 |
| Advertising and promotion | $89,438 |
| Office expenses | $341,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,937,275 |
| Travel | $72,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $737,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,187,624 |
| Insurance | $801,043 |
| All other expenses | -$4,759 |
| Total functional expenses | $46,370,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,807,794 |
| Savings and temporary cash investments | $6,956,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $750,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,565 |
| Prepaid expenses and deferred charges | $742,489 |
| Net Land, buildings, and equipment | $171,550,783 |
| Investments—publicly traded securities | $31,686,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530,247 |
| Total assets | $219,048,634 |
| Accounts payable and accrued expenses | $4,659,048 |
| Grants payable | $0 |
| Deferred revenue | $86,841,731 |
| Tax-exempt bond liabilities | $28,839,372 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,070,728 |
| Total liabilities | $123,410,879 |
| Net assets without donor restrictions | $95,626,975 |
| Net assets with donor restrictions | $10,780 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $219,048,634 |
Grants Awarded
Over the last fiscal year, Panorama has awarded $114,304 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lacey, WA PURPOSE: SUPPORT NEEDY RESIDENTS OF THE PANORAMA COMMUNITY | $108,804 |
Olympia, WA PURPOSE: TREE SPONSORSHIP | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Panorama has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of South Puget Sound Olympia, WA PURPOSE: OPERATING | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |
Wesley Homes Des Moines, WA | $289,596,176 | $68,453,311 |
Rogue Valley Manor Medford, OR | $249,123,090 | $59,343,722 |
Panorama Lacey, WA | $219,048,634 | $47,071,330 |
Eastside Retirement Association Redmond, WA | $226,847,033 | $37,597,342 |
Spokane United Methodist Homes Spokane, WA | $259,704,363 | $36,246,528 |
Willamette View Manor Inc Portland, OR | $158,572,403 | $34,857,993 |
Horizon House Seattle, WA | $225,517,905 | $49,618,352 |
Mennonite Home Of Albany Inc Albany, OR | $81,716,094 | $28,368,567 |
Capital Manor Inc Salem, OR | $123,001,927 | $25,198,203 |
Eliseo Tacoma, WA | $107,438,418 | $26,114,942 |
Robison Jewish Home Portland, OR | $56,916,516 | $24,370,432 |