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Nonprofiteer
← GUILDNET INC

Form 990 for tax year 2022

Filed by GUILDNET INC.

Totals

Total revenue
$1,123,453
Total expenses
$3,737,937
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,120,178
Investment income
$366
Other revenue
$2,909
Total assets, end of year
$7,353,992
Total liabilities, end of year
$116,456,225
Net assets or fund balances, end of year
-$109,102,233
Program services expenses (Part IX)
$0
Management and general expenses
$3,737,937
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 2a · Program service revenue: RETROSPECTIVE PREMIUMS

    total $1,120,178 · related or exempt $1,120,178

  • 3 · Investment income

    total $366 · excluded $366

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISC REVENUE

    total $2,909 · excluded $2,909

  • 11e · Other revenue, total

    $2,909

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $137,202 · management and general $137,202

  • 11c · Fees: accounting

    total $45,000 · management and general $45,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $3,934 · management and general $3,934

  • 11g · Fees: other

    total $7,588 · management and general $7,588

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $2,699 · management and general $2,699

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,541,514 · management and general $3,541,514

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,433,593 · end of year $7,353,627

  • 2 · Savings and temporary cash investments

    beginning of year $9,968,554 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $365 · end of year $365

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $9,903 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,350,243 · end of year $177,802

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $120,566,517 · end of year $116,278,423

  • 27 · Net assets without donor restrictions

    beginning of year -$107,504,345 · end of year -$109,102,233

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

GUILDNET OFFERED MANAGED LONG TERM HEALTH (MLTC) PLAN, FULLY INSURED DUAL ADVANTAGE (FIDA) AND MEDICAID ADVANTAGE PLUS (MAP). IT DISCONTINUED THE SERVICES FROM ALL SERVICE AREA AND IT IS IN THE PROCESS OF WINDING-DOWN.

Activities or mission (Part I)

Managed long-term care health plans; See Part III for more information

  • 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. THE REVENUE INCURRED IN THE YEAR ENDING DECEMBER 31, 2022 WAS DUE TO PRIOR YEAR MANAGEMENT ADJUSTMENTS.

    Revenue $1,120,178

As filed on the 2022 return.

Listed in Part VII

  • Calvin W Roberts MD

    President & CEO

    Total calculated
    $1,167,347
    From this org
    $0
    From related orgs
    $1,109,475
    Other
    $57,872
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $961,638 related
    Bonus
    $0 + $125,000 related
    Other
    $0 + $22,837 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $36,522 related
    Filer's total
    $0 + $1,167,347 related

  • Paul D Misiti

    Chief Operating Officer

    Total calculated
    $520,751
    From this org
    $0
    From related orgs
    $497,898
    Other
    $22,853
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,221 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $83,677 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $1,503 related
    Filer's total
    $0 + $520,751 related

  • Maura Sweeney

    Chief Prog. and Serv. Officer

    Total calculated
    $463,423
    From this org
    $0
    From related orgs
    $421,364
    Other
    $42,059
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $365,709 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $655 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $20,709 related
    Filer's total
    $0 + $463,423 related

  • Brian Dever

    CHIEF DEVEL. OFFICER

    Total calculated
    $367,150
    From this org
    $0
    From related orgs
    $312,128
    Other
    $55,022
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,476 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $20,652 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $33,672 related
    Filer's total
    $0 + $367,150 related

  • WILLIAM SEIPLE-Joined 112022

    Chief Research Officer

    Total calculated
    $266,990
    From this org
    $0
    From related orgs
    $245,099
    Other
    $21,891
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,491 related
    Bonus
    $0
    Other
    $0 + $1,608 related
    Deferred
    $0 + $17,263 related
    Nontaxable benefits
    $0 + $4,628 related
    Filer's total
    $0 + $266,990 related

  • Melissa Rosenbaum

    CHIEF PEOPLE OFFICER

    Total calculated
    $247,593
    From this org
    $0
    From related orgs
    $208,940
    Other
    $38,653
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,934 related
    Bonus
    $0
    Other
    $0 + $1,006 related
    Deferred
    $0 + $15,400 related
    Nontaxable benefits
    $0 + $23,253 related
    Filer's total
    $0 + $247,593 related

  • Joel G Levi Thru 62522

    Former GC and Chief Comp. Offi

    Total calculated
    $237,879
    From this org
    $0
    From related orgs
    $212,486
    Other
    $25,393
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,811 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $17,675 related
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0 + $16,693 related
    Filer's total
    $0 + $237,879 related

  • MD M Rahman

    Dir IT Network Infra &Ops

    Total calculated
    $230,482
    From this org
    $0
    From related orgs
    $173,002
    Other
    $57,480
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,773 related
    Bonus
    $0
    Other
    $0 + $229 related
    Deferred
    $0 + $13,374 related
    Nontaxable benefits
    $0 + $44,106 related
    Filer's total
    $0 + $230,482 related

  • Jaine Schmidt

    Chief Comm and Mark. Officer

    Total calculated
    $215,728
    From this org
    $0
    From related orgs
    $182,284
    Other
    $33,444
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,850 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $434 related
    Deferred
    $0 + $13,379 related
    Nontaxable benefits
    $0 + $20,065 related
    Filer's total
    $0 + $215,728 related

  • Bryan Wolynski

    Chief Technology Officer

    Total calculated
    $215,655
    From this org
    $0
    From related orgs
    $191,349
    Other
    $24,306
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,155 related
    Bonus
    $0
    Other
    $0 + $12,194 related
    Deferred
    $0 + $11,364 related
    Nontaxable benefits
    $0 + $12,942 related
    Filer's total
    $0 + $215,655 related

  • Lauren Doody

    Director of Finance

    Total calculated
    $213,928
    From this org
    $0
    From related orgs
    $197,429
    Other
    $16,499
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,087 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $342 related
    Deferred
    $0 + $13,894 related
    Nontaxable benefits
    $0 + $2,605 related
    Filer's total
    $0 + $213,928 related

  • Charles M Campos

    Dir of Budget and Reimbur

    Total calculated
    $200,242
    From this org
    $0
    From related orgs
    $142,111
    Other
    $58,131
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,899 related
    Bonus
    $0
    Other
    $0 + $212 related
    Deferred
    $0 + $11,406 related
    Nontaxable benefits
    $0 + $46,725 related
    Filer's total
    $0 + $200,242 related

  • Coya A Hall

    Dir. Clin. Appl. & QI Rep

    Total calculated
    $179,429
    From this org
    $0
    From related orgs
    $127,302
    Other
    $52,127
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,205 related
    Bonus
    $0
    Other
    $0 + $97 related
    Deferred
    $0 + $9,836 related
    Nontaxable benefits
    $0 + $42,291 related
    Filer's total
    $0 + $179,429 related

  • Jamal L Pruden

    SR. NETWORK ENGINEER

    Total calculated
    $175,622
    From this org
    $0
    From related orgs
    $125,079
    Other
    $50,543
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,826 related
    Bonus
    $0
    Other
    $0 + $253 related
    Deferred
    $0 + $4,258 related
    Nontaxable benefits
    $0 + $46,285 related
    Filer's total
    $0 + $175,622 related

  • Marisol Bender

    Dir. Billing & Contracting

    Total calculated
    $174,805
    From this org
    $0
    From related orgs
    $133,889
    Other
    $40,916
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,627 related
    Bonus
    $0
    Other
    $0 + $262 related
    Deferred
    $0 + $10,098 related
    Nontaxable benefits
    $0 + $30,818 related
    Filer's total
    $0 + $174,805 related

  • Cheryl A Pemberton-Graves

    CHIEF VOLUNTEER OFFICER

    Total calculated
    $155,128
    From this org
    $0
    From related orgs
    $110,368
    Other
    $44,760
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,981 related
    Bonus
    $0
    Other
    $0 + $387 related
    Deferred
    $0 + $8,750 related
    Nontaxable benefits
    $0 + $36,010 related
    Filer's total
    $0 + $155,128 related

  • Sarah A Spicehandler

    Executive Asst. to CEO

    Total calculated
    $129,925
    From this org
    $0
    From related orgs
    $94,773
    Other
    $35,152
    Hours/week
    0 + 40 related

  • Nicole Hart - Joined 091322

    GC and Chief Comp. Office

    Total calculated
    $72,233
    From this org
    $0
    From related orgs
    $54,628
    Other
    $17,605
    Hours/week
    0 + 40 related

  • Eric Maidenberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • James M Dubin

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related

  • Lawrence E Goldschmidt

    VICE CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related

  • Marios Damianides

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Pauline Raiff

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Ronald G Weiner

    DEPUTY CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Thomas G Kahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Thomas S T Gimbel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
A PORTION OF COMPENSATION PAID BY LGI SERVICES, LLC (EIN #46-4232802), A DISREGARDED ENTITY OF THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, HAS BEEN ALLOCATED TO GUILDNET INC AND OTHER AFFILIATES. JEWISH GUILD HEALTHCARE EMPLOYEES DID NOT RECEIVE ANY DIRECT COMPENSATION FROM JEWISH GUILD HEALTHCARE BUT DID RECEIVE COMPENSATION FROM LGI SERVICES, LLC (EIN #46-4232802). LGI SERVICES, LLC IS THE EMPLOYER OF ALL SALARIED PERSONS PROVIDING SERVICE TO ALL LIGHTHOUSE GUILD INTERNATIONAL, INC AFFILIATES WHICH INCLUDE: LIGHTHOUSE GUILD INTERNATIONAL, INC., THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, LIGHTHOUSE INTERNATIONAL, JGB REHABILITATION CORPORATION, GUILDNET, INC., GREATER BOSTON GUILD FOR THE BLIND, INC., and JGB MENTAL HEALTH AND MENTAL RETARDATION SERVICES, INC.

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
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202303139349305020

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