2012 Annual Report

Making a difference in the lives of seniors.

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Letter from the Director

In 2010, I announced that Golden West was the recipient of a $375,000 grant from the City of Boulder Affordable Housing Fund to replace the windows in the Central Tower.
With the grant money and matching funds from Golden West, and with the cooperation of our residents, families, and staff members (who went above and beyond the call of duty to ensure residents were cared for during construction), I am happy to report: mission accomplished. The new windows have greatly improved resident comfort. The old windows were a product of the 1960s and window technology has come a long way since then. The new windows keep out the cold, temper the noise from the high winds, and add an aesthetic improvement to the apartments. Based on resident feedback, the new windows have been a welcomed addition. Another benefit that comes with installing new windows is improved energy efficiency. While we havent seen the full impact yet, we know we can look forward to substantial cost savings in our natural gas bills. Updating our windows has allowed us to continue the preservation of our buildings. We need to tackle some major improvements now and in the future. Investing in our buildings will ensure that we can continue to serve fixed income seniors now and well into the future. In the coming years, we need to replace boilers, repair roofing, and replace windows in the south tower. The estimated cost for these projects is $1.4 million dollars. Our partnership with the City of Boulder and dedicated donors to the Golden West Foundation will help us to achieve these goals. Ultimately, an investment in Golden West is an investment in people the hundreds of elders that we house and provide services for every day. Not only do we need donors to support our capital needs, but we need donors to support our programs. These include the wellness center, rent subsidies, and personal needs items. For example, the Golden West Foundation allocates funds for Medicaid eligible seniors in assisted living. These seniors have limited housing options due to finances. Thanks to our generous donors past, present, and future, we currently provide 33 residents on Medicaid a rental subsidy they need to call Golden West their home. So, I want to thank all of you who contribute to Golden West. Your support is needed and appreciated to ensure that we remain a vital part of the Boulder community for another 48 years.

John A. Torres Executive Director

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Invested in Golden West

Caregiver Annie Kosenski started working with Golden West 12 years ago in April of 2001. Like many individuals who serve our community, she was drawn to the opportunity of helping others. Annie said that I love the people here, not just the residents, but my co-workers as well. Working for an organization like Golden West creates countless opportunities to meet people from a wide variety of backgrounds and experiences. This assortment of personalities can teach us all something new every day, something Annie appreciates and loves about her job. Talking to these people makes me appreciate their life experiences. They have lived through things other generations will most likely never have to experience, like the depression and WWII. When we are given the chance to sit down and learn from our residents, the lessons we take home can be even greater than we anticipated. The greatest lesson that Annie has learned from her time at Golden West is to always appreciate your life. Go with the days that you feel good and relish in the good times. When Annie goes home for the day, she takes care of her aging parents. My job comes home with me, and it has taught me how to care for my mom and dad. T he commitment that Annie shows to her residents has not gone unnoticed. Mezzanine Assistant Manager Emily Franta said She is simply wonderful. In her free time, Annie enjoys spending time with her dog Lily. You may even see Lily visit Annie at Golden West. Residents and co-workers alike notice and appreciate Annies dedication to her residents and to Golden West. Resident Bill Booze stated that Annie is great, she always does special things for us. She will bring in little treats and put them on our tables. We really love Annie, she does a great job. It is the staff members like Annie who work at Golden West that have made our organization what it is today. Always happy to go above and beyond, we all appreciate the work that you do for the residents. Thank you!

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Annie Kosenski

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General Donations
Jim Albright Tom and LaVerne Anderson Vera and Don Anderson Lois Anderton Sheila and Robert Atchley Lloyd Baker Peggy Bell Michael Bellmont Barbara Bennet Macky Bennett Greg and Helen Beylkin Janice Billings Doris Bjornson Dorothy Blazis Margaret Boden Zenda Boden JoAnna Boyd Trudy Brendecke Priscilla Brown Scott and Elizabeth Brown Helen Burright Maxine Busch Charles and Mary Jane Byers Esther Campbell Marguerite Ciaravino Sally Coffman Wanda Cox Eve L. Crolius Ray and Jean Crowder Donald Culver Gay Curran Ethel Danielson Ann Davis James and Megan Dawson Margaret DiDomenico Charles and Jean Dinwiddie Eileen Doherty Janice Einert Dan and Marge Ellis Orah Elron Paul and Mary Ernst Susan Fernie Charles and Janet Folden Elyse Foster Margie Freedman Evelyn Galli Betty Geller Rob Geller James Gray Charles Gregorius Jean Gyder Nancy Harrold Josie Heath Ada Heline Ray and Jeannine Henderson Maria Henzel Marty Hermanstorfer Donita and Bruce Heurich John and Terry Hinkelman Deanne Hogan John Hollin Gary and Marilyn Howell David and Claire Hunter Dennis Hynes Claude and Mary Janus Sue Jenkins Janet Johnson Linda Johnson Mary Johnson Lori Kahn Ed Kellenberger Kathleen King Peggy Kirkpatrick Jon Kottke Eleanor Kramer Trudi Lawrence Jill and Jeff Lazo Claire Leaf Neil Litmann Russ MacCachran Sherry Madison Fay Magee George Maler Vicki Mandell-King Steve and Cathy Mandis James and Margaret Martin Howard Mastalir Ann Masterson William and Joan Nagel John and Karen Neff Jim Neill Al Nelson Clara and Bob Nelson Bert Nett and Hope Nett Carol Nocera David and Kay Norris Glenn and Dorothy Oliver Joyce Oster Toni Parrish Hazel Perry Alice Potter Clara Rakochy Nicholas Rehnberg Eve Reid Carl and Jennie Reiste Martha Ridgway Eladia Rivera Rick and Karen Romeo Ruth Rood Bev and Dick Rulf Donna and Tim Ruske Rosella Schroeder Jean Scott David Secunda Charlotte Shatz Karen Shepard Ollie Shepherd Ric and Sheryl Zigmond Mark and Katherine Young Mary Dineen & Sue Masterson Patricia Masterson Mary Lou May Wes and Janet McAllister Kristy McGowan Joan Mecom Elizabeth Mekkelson Andrea Merrill Renee Miller Jane Milliff Lillian Montanari Carla Monteleone Bob and Christine Morrissey Dorothy Shindledecker Ruth Smith Jeanne Snyder Donna Sparks George Stahmer Carol Stanwood Todd Stork Tracy Swen Dan Thomas David and Michelle Thomson James Thomson Ann Thyret Barbara Torres John A. Torres Lynel Vallier Angelo Voris Gary Waggoner Richard and Marian Walker Carol Jean Watson Larry and Rita Weiss Barbara Wentz Kristen and Jim White Elsie Wilensky Pat and Lloyd Wilke Ann Williams Betty Williamson Alexander Wilson John Wilson John Witherspoon Richard and Wendy Wolf Midge Wonsiewicz Mary Ann Collaci & Nancy Green Don and Margie McGill

Special Thanks To:

Boulder Associates Architects Cairn Christian Church Caplan and Earnest Llc Foothills United Way The Academy Group

o I g t

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In Memory Of...
Betty Banman
Hazel Perry Eve Crolius

Dolores 'Dee' Failinger

Jim & Beatrice Neill Claude & Mary Janus

Margaret Leone
Ann Masterson Jane Masterson Eve Crolius Patty Masterson Marguerite Ciaravino Clara & Bob Nelson

Esther Toll
Eve Crolius

Roselyn Watkins
Family of Ruth Rood

The Barras Family

Carla Montleone

Jean Gyder
Steve Plissy & Cathy Mandis Trudy Brendecke

Luella Weckerling
GW Church Service Bev & Dick Rulf Maggie Boden Ada Heline

Hazel Bunch
Peggy Kirkpatrick

Helen Hoon
Lois Anderton Marge DiDomenico Pat & Lloyd Wilke Eve Crolius Joyce Oster Katherine Young Peggy Kirkpatrick Priscilla Gifford Howard Mastalir Karen Shepard

Ann Lumsden
Doris Bjornson

Laura Burright
Priscilla Gifford Carl & Jennie Reiste Ann Davis Jan Einert Janice Billings Mr. & Mrs. David Norris Ray and Jean Crowder Helen Burright Wes and Janet McAllister Patricia Carr Peggy Crouch Marilyn Howell Janet Crouch David Burright Vera Anderson

Elizabeth McMenamin
Carol Watson Scott and Elizabeth Brown Hazel Perry Ada Heline

Helen Wiener
Wendy & Rich Wolff Eve Crolius

Alec and Rhonda Shatz

Charlotte Shatz Ollie Shepherd

Alex Wilson
Priscilla Gifford

Caroline Shepherd Clyde Shindledecker Betty Smith

Rosella Schroeder Eve Crolius Sally & Larry Coffman

Helene Hruska
Mary May

Celeste Woodley
Ray & Jeannine Henderson Barbara Torres Clara Rakochy Rita and Larry Weiss Elizabeth Mekkelsen Barbara Wentz George Maler Trudi Lawrence Betty Geller

Betty James
Eve Crolius

Judy Karpeichik
Sherry Madison

Dorothy Storr
Hazel Perry Red Hat Society Eve Crolius

Marian Cooper
Jill Lazo

Fred Layer
Eve Crolius

In Honor Of...
Joanna Boyd
Linda Johnson

Vern Jacobson
Priscilla Gifford

Donette Sparks Donita Heurich Kyle Tabor Maxine Busch

June Francini
Gary Waggoner Janet Johnson

Sarah Massameno
Priscilla Gifford

Toni Parrish
Mary & Paul Ernst

Many persons have a wrong idea of what constitutes true happiness. It is not attained through selfgratification but through fidelity to a worthy purpose. - Helen Keller

Sandra Gaskill
Photographer & Psychotherapist 303-579-7330 sandragaskill.com

Cover Art By:

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2012 Financial Report

GOLDEN WEST FOUNDATION, INC. STATEMENTS OF FINANCIAL POSITION December 31, 2012 and 2011 2012 Assets: Cash: Undesignated Designated for split-interest agreements Total Cash Investments and receivables: Undesignated Designated for investment endowment Designated for split-interest agreements Temporarily Restricted Accounts receivable Total Investments and Receivables Property and equipment: Software Less: accumulated depreciation Net Property and Equipment Total Assets Liabilities and Net Assets: Liabilities: Liabilities under split-interest agreements Accounts payable Total Liabilities Net Assets: Temporarily restricted net assets Unrestricted net assets Total Net Assets Total Liabilities and Net Assets $ 104,599 115,902 220,501 294,982 $ 92,977 159,443 252,420 340,797 Temporarily Restricted Net Assets: Contributions Net assets released from restrictions Increase (Decrease) in Temporarily Restricted Net Assets Increase (Decrease) in Total Net Assets Net Assets, beginning of year Net Assets, end of year $ 11,622 (31,919) 252,420 220,501 $ 29,768 (46,096) 298,516 252,420 21,837 (10,215) 39,519 (9,751) $ 74,467 14 74,481 $ 87,907 470 88,377 $ 20,379 (9,932) 10,447 294,982 $ 20,379 (5,165) 15,214 340,797 9,966 3,927 174,598 57,088 41 245,620 52,091 3,489 169,379 51,245 298 276,502 Expenses: Contributions - Golden West Communities, Inc. Management fees Fundraising expense Resident enrichment Insurance Marketing Professional fees Supplies Banking fees Depreciation Total Expenses Increase (Decrease) in Unrestricted Net Assets 54,557 6,000 406 24,717 1,000 2,328 2,575 1,507 3,225 4,767 101,082 (43,541) 25,252 6,000 2,686 21,419 1,000 3,677 2,500 4,069 4,365 4,767 75,735 (75,864) $ 33,308 5,607 38,915 $ 41,904 7,177 49,081 2011 Unrestricted Net Assets: Revenue: Contributions - general Contributions - split-interest agreements Investments income/(loss) Change in value of split-interest agreements Fundraising income Total Unrestricted Revenue Net assets released from restrictions: Restrictions satisfied by payments Total Unrestricted Revenue and Reclassifications 10,215 57,541 9,751 (129) $ 19,664 3,869 29,190 (5,422) 25 47,326 $ 5,164 (4,615) (20,687) 10,258 (9,880) GOLDEN WEST FOUNDATION, INC. STATEMENTS OF ACTIVITIES Years Ended December 31, 2012 and 2011 2012 2011

Golden West Communities Board Members

John Hinkleman, President Janet Lappen, Vice President Dennis Hynes, Treasurer Claire Hunter, Secretary Macky Bennett Rob France Claudia Helade William Nagel Nicholas Rehnberg Jennifer Sullivan

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A Positive Outlook
Since the first residents of Golden West moved in over 48 years ago, countless seniors have peered out their windows out west onto our breathtaking view of the Flatiron Mountains and out east miles into the plains of eastern Colorado. The windows served us for many years protecting us from the cold and windy winters and hot, rainy summers. By 2008 the windows had aged well past their prime and when Golden West was awarded our grant from the City and County of Boulder, resident Toni Parrish was full of excitement and anticipation. "I was so excited, I thought ah! I will finally sleep without the wind blowing and waking me up in the night!" Soon after Golden West Senior Living was built, the City of Boulder began enforcing height restrictions on all new construction in the area. This 1970's building code has left us with our unobstructed views of Boulder. If you could manage to look beyond the clunky metal window frames that divided each window into panels, it was impossible to forgive the whistling from the wind and the cold air that leaked in each winter. Since the team from Calahan Construction successfully installed new windows in the central tower, residents can keep their apartments at a more comfortable climate. Toni has enjoyed every minute of it. "I feel so free now that I don't have to stare at those bars. I have my curtains open all the time! For those who have not visited Golden West recently, we invite you to stop by and take a look out of our new windows. On many quiet evenings Toni can be found watching the sun set behind the flatirons to the south. When the 4th of July comes around and the fireworks display is set off from Folsom Field, she can watch the show from the comfort of her bed. I hope the south tower can get their new windows sometime soon so that they can enjoy their new view too. This is the best thing thats been done to the building since I moved in seven years ago! With future grants south tower will receive new windows as well. For those residents, that time cant come soon enough. Toni expressed her gratitude to the staff of Golden West saying I just dont have any complaints. I appreciate what I have here and I really appreciate John. He really works to improve all of our lives!

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Non-Profit Org U.S. Postage PAID Boulder, CO Permit No. 567

1055 Adams Circle Boulder, CO 80303 303.444.3967 www.gwboulder.org

Thank you to all of our generous donors. Each contribution makes all the difference in the lives of our residents. Your support and the support of future donors will ensure that we are able to offer our quality services to seniors in need for many years to come. -The Golden West Foundation

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