Guildnet Inc
- Assets
- $19.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 13-3936057
Organization Overview
Guildnet Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guildnet Inc 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 12/2021, Guildnet Inc generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.9%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (57.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGED LONG-TERM CARE HEALTH PLANS; SEE PART III FOR MORE INFORMATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2018, GUILDNET REQUESTED AND RECIEVED APPROVAL FROM THE NEW YORK STATE DEPARTMENT OF HEALTH TO CEASE PROVIDING PARTIALLY CAPITATED SERVICES IN ALL COUNTIES OF NEW YORK. EFFECTIVE DECEMBER 31, 2018 THOSE MEMBERS WERE TRANSFERRED TO OTHER MANAGED LONG-TERM CARE PLANS. GULIDNET IS IN THE WIND-DOWN PROCESS AND THE CORPORATION WILL REMAIN OPEN UNTIL THE WINDING-DOWN IS COMPLETED. THERE WAS A $7.7M ADJUSTMENT FOR THE YEAR ENDED DECEMBER 31, 2021 FOR PREMIUM REVENUE PREVIOUSLY UNRECOGNIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin W Roberts MD President & CEO | OfficerTrustee | 0 | $0 |
Eric Maidenberg Secretary | OfficerTrustee | 0.1 | $0 |
James M Dubin Chairman | OfficerTrustee | 0.1 | $0 |
Marios Damianides Assistant Treasurer | OfficerTrustee | 0.1 | $0 |
Pauline Raiff Immediate Past Chair | OfficerTrustee | 0.1 | $0 |
Lawrence E Goldschmidt Vice Chair & Treasurer | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proskauer Rose Llp Legal | 12/30/19 | $1,853,275 |
Relay Health Inc Medical And Admin | 12/30/19 | $974,728 |
Allen Health Care Services Home Health Care | 12/30/19 | $976,803 |
Premier Home Healthcare Services Home Health Care | 12/30/19 | $750,706 |
Personal Touch Home Care Of New Yor Home Health Care | 12/30/19 | $761,894 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,693,770 |
| Investment income | $3,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,701,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$243,202 |
| Fees for services: Accounting | $90,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,604 |
| Fees for services: Other | $40,577 |
| Advertising and promotion | $0 |
| Office expenses | $7,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,556,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $186 |
| Total functional expenses | $2,492,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,433,593 |
| Savings and temporary cash investments | $9,968,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $365 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,903 |
| Total assets | $19,412,415 |
| Accounts payable and accrued expenses | $6,350,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $120,566,517 |
| Total liabilities | $126,916,760 |
| Net assets without donor restrictions | -$107,504,345 |
| Net assets with donor restrictions | $0 |
| 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 | $19,412,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richford Health Center Inc Richford, VT | $25,264,953 | $21,205,017 |
Central Jersey Behavioral Health Associates Inc Oceanport, NJ | $4,455,141 | $15,257,783 |
Centerlight Healthcare Diagnostic And Treament Center Flushing, NY | $1,185,155 | $16,151,605 |
New York Dental Affiliates Pc New York, NY | $0 | $15,517,970 |
Merakey Montgomery County Lafayette Hill, PA | $6,362,296 | $14,598,796 |
Ub Family Medicine Inc Buffalo, NY | $5,045,310 | $14,069,368 |
Westfield Medical Corporation dba Noble Medical Group Westfield, MA | $0 | $6,532,918 |
Adelbrook Community Services Inc Cromwell, CT | $2,912,791 | $10,554,155 |
University Ophthalmology Services Inc Buffalo, NY | $5,863,038 | $9,615,865 |
Western Mass Physician Associates Inc Holyoke, MA | $1,764,527 | $7,001,256 |
Health Services Of Clarion Inc Butler, PA | $1,886,701 | $6,401,684 |
Northeast Medical Group Pllc Stratford, CT | $17,159,134 | $5,588,513 |