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Nonprofiteer
← GARNET HEALTH DOCTORS PC

Form 990 for tax year 2024

Filed by GARNET HEALTH DOCTORS PC.

Totals

Total revenue
$66,856,280
Total expenses
$86,627,450
Contributions and grants received
$9,150
Grants paid
$0
Program service revenue
$66,847,130
Investment income
$0
Other revenue
$0
Total assets, end of year
$32,977,548
Total liabilities, end of year
$59,209,352
Net assets or fund balances, end of year
-$26,231,804
Program services expenses (Part IX)
$82,506,064
Management and general expenses
$4,121,386
Fundraising expenses
$0
Program service expenses (Part III)
$82,506,064

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $9,150

  • 2a · Program service revenue: PATIENT & PROFESSIONAL SVC REVENUE

    total $66,420,750 · related or exempt $66,420,750

  • 2b · Program service revenue: QUALITY INCENTIVES

    total $426,380 · related or exempt $426,380

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $716,387 · program services $716,387

  • 7 · Other salaries and wages

    total $51,288,434 · program services $49,114,457 · management and general $2,173,977

  • 8 · Pension plan contributions

    total $1,356,124 · program services $1,298,799 · management and general $57,325

  • 9 · Other employee benefits

    total $5,408,102 · program services $5,180,187 · management and general $227,915

  • 10 · Payroll taxes

    total $3,261,634 · program services $3,125,149 · management and general $136,485

  • 11b · Fees: legal

    total $56,311 · management and general $56,311

  • 11c · Fees: accounting

    total $15,615 · management and general $15,615

  • 11g · Fees: other

    total $13,699,814 · program services $13,466,174 · management and general $233,640 · fundraising $0

  • 12 · Advertising and promotion

    total $188,927 · program services $188,927

  • 13 · Office expenses

    total $482,089 · program services $464,839 · management and general $17,250

  • 14 · Information technology

    total $241,272 · program services $237,709 · management and general $3,563

  • 16 · Occupancy

    total $2,973,886 · program services $2,970,821 · management and general $3,065

  • 17 · Travel

    total $13,220 · program services $13,214 · management and general $6

  • 19 · Conferences, conventions and meetings

    total $252,498 · program services $250,259 · management and general $2,239

  • 22 · Depreciation, depletion and amortization

    total $495,959 · program services $495,959

  • 23 · Insurance

    total $3,810,901 · program services $3,806,276 · management and general $4,625

  • 24a · Other expenses: SERVICE FEE - RELATED ORG

    total $1,170,020 · management and general $1,170,020

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $977,022 · program services $977,022

  • 24c · Other expenses: OTHER TAXES

    total $149,653 · program services $149,653

  • 24d · Other expenses: NON MEDICAL SUPPLIES

    total $35,298 · program services $32,149 · management and general $3,149

  • 24e · All other expenses

    total $34,284 · program services $18,083 · management and general $16,201 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $305,170 · end of year $217,081

  • 4 · Accounts receivable

    beginning of year $1,982,597 · end of year $2,200,248

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $183,626 · end of year $183,626

  • 9 · Prepaid expenses and deferred charges

    beginning of year $917,256 · end of year $706,933

  • 10a · Land, buildings and equipment: cost or other basis

    $3,003,749

  • 10b · Land, buildings and equipment: accumulated depreciation

    $594,684

  • 10c · Land, buildings and equipment, net

    beginning of year $2,905,024 · end of year $2,409,065

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $28,849,554 · end of year $27,260,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,698,216 · end of year $16,186,409

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $41,048,555 · end of year $43,022,943

  • 27 · Net assets without donor restrictions

    beginning of year -$16,603,544 · end of year -$26,231,804

Mission and programs · 2024

Mission

DELIVERY OF PRIMARY CARE AND NUMEROUS SPECIALTY MEDICAL CARE SERVICES TO PATIENTS IN THE HUDSON VALLEY OF NEW YORK. OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITY.

  • GARNET HEALTH DOCTORS PC IS DEDICATED TO ATTRACTING AND HIRING PROVIDERS OF SPECIALTY AND PRIMARY CARE MEDICAL SERVICES TO TREAT NEARLY 487,000 RESIDENTS WITHIN THE PRIMARY SERVICE AREA OF GARNET HEALTH IN ORANGE AND SULLIVAN COUNTIES IN THE STATE OF NEW YORK. GARNET HEALTH OPERATES THREE HOSPITAL CAMPUSES IN THIS PRIMARY SERVICE AREA AND OFFERS A BROAD SPECTRUM OF CARE. (Continued on Schedule O)

    Expenses $82,506,064 · Revenue $66,847,130

As filed on the 2024 return.

Listed in Part VII

  • Gerard J Galarneau MD

    DIRECTOR, SECRETARY, TREASURER

    Total calculated
    $715,777
    From this org
    $664,094
    From related orgs
    $0
    Other
    $51,683
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $616,165
    Bonus
    $45,607
    Other
    $2,322
    Deferred
    $13,800
    Nontaxable benefits
    $37,883
    Filer's total
    $715,777

  • Izabela Nowosielski

    DIRECTOR, PRESIDENT & CHIEF MEDICAL OFFICER OF GHD AND GHUC

    Total calculated
    $747,237
    From this org
    $0
    From related orgs
    $695,729
    Other
    $51,508
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $671,559 related
    Bonus
    $0
    Other
    $0 + $24,170 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $37,708 related
    Filer's total
    $0 + $747,237 related

  • James Grigg

    CHIEF FINANCIAL OFFICER

    Total calculated
    $742,596
    From this org
    $0
    From related orgs
    $713,873
    Other
    $28,723
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $660,788 related
    Bonus
    $0
    Other
    $0 + $53,085 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $14,923 related
    Filer's total
    $0 + $742,596 related

  • Emmanuel Nketiah

    PHYSICIAN

    Total calculated
    $927,277
    From this org
    $867,397
    From related orgs
    $0
    Other
    $59,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $660,137
    Bonus
    $206,720
    Other
    $540
    Deferred
    $36,800
    Nontaxable benefits
    $23,080
    Filer's total
    $927,277

  • Jose Toro MD

    PHYSICIAN

    Total calculated
    $969,838
    From this org
    $931,955
    From related orgs
    $0
    Other
    $37,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $930,713
    Bonus
    $0
    Other
    $1,242
    Deferred
    $0
    Nontaxable benefits
    $37,883
    Filer's total
    $969,838

  • Paramjeet Singh

    PHYSICIAN

    Total calculated
    $817,801
    From this org
    $769,433
    From related orgs
    $0
    Other
    $48,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $630,762
    Bonus
    $137,429
    Other
    $1,242
    Deferred
    $33,300
    Nontaxable benefits
    $15,068
    Filer's total
    $817,801

  • Raghuram Gorti

    PHYSICIAN

    Total calculated
    $1,218,625
    From this org
    $1,147,428
    From related orgs
    $0
    Other
    $71,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,057,864
    Bonus
    $86,000
    Other
    $3,564
    Deferred
    $33,314
    Nontaxable benefits
    $37,883
    Filer's total
    $1,218,625

  • Samuel Abourbih

    PHYSICIAN

    Total calculated
    $779,258
    From this org
    $727,575
    From related orgs
    $0
    Other
    $51,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $627,035
    Bonus
    $100,000
    Other
    $540
    Deferred
    $13,800
    Nontaxable benefits
    $37,883
    Filer's total
    $779,258

  • Gerard Dunlavey

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $647,071
    From this org
    $0
    From related orgs
    $578,193
    Other
    $68,878
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $546,666 related
    Bonus
    $0
    Other
    $0 + $31,527 related
    Deferred
    $0 + $31,050 related
    Nontaxable benefits
    $0 + $37,828 related
    Filer's total
    $0 + $647,071 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION OF THE PRESIDENT & CHIEF MEDICAL OFFICER WAS DETERMINED BY GARNET HEALTH AND PAID BY GARNET HEALTH. GARNET HEALTH UTILIZED AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION COMMITTEE, REVIEW OF 990S OF OTHER SIMILAR ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND COMPENSATION REQUIRES APPROVAL OF THE BOARD AND COMPENSATION COMMITTEE.
Schedule J, Part I, Line 7 Non-fixed payments
DURING THE TAX YEAR THE ORGANIZATION PAID BONUSES TO ITS OFFICERS AND EMPLOYEES. THE NAMES AND AMOUNTS ARE PROPERLY DISCLOSED ON SCHEDULE J, PART II COLUMN B(II). BONUSES ARE BASED UPON THE ATTAINMENT OF ORGANIZATIONAL GOALS THAT SUPPORT AND REINFORCE THE ORGANIZATIONAL MISSION, VALUES AND STRATEGIC OBJECTIVES. THESE TARGETS ARE PREDETERMINED AND THE ANNUAL INCENTIVE IS BASED UPON THE PERCENTAGE OF COMPLETION IN EACH AREA. THESE BONUSES ARE PAID AT THE DISCRETION OF THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533189349313983

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