Guidewire Inc
- Assets
- $31.9m
- Revenue
- $30.6m
- Investments
- $1.9m
- Employees
- 551
- Location
- Chicopee, MA
- Founding
- 11/1987
- Data as of
- 06/2024
- EIN
- 04-2790495
Organization Overview
Guidewire Inc is located in Chicopee, MA. The organization was established in 1987. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2024, Guidewire Inc employed 551 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guidewire 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 06/2024, Guidewire Inc generated $30.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $28.8m during the year ending 06/2024. While expenses have increased by 5.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PEOPLE WITH DISABILITIES IN COMMUNITY SETTINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SUPPORT PROVIDED TO APPROXIMATELY 150 PERSONS IN THE SPRINGFIELD/ WESTFIELD, HOLYOKE/CHICOPEE, AND BERKSHIRE AREAS. SUPPORT INCLUDES STAFFING, FOOD, HOUSING, CLINICAL SUPPORTS AND NURSING SUPPORTS AND CONTINUES PRIMARILY 24 HOURS PER DAY, 7 DAYS A WEEK.
SOLUTIONS - TO PROVIDE DAY SERVICES INCLUDING VOCATIONAL SUPPORT. COMMUNITY EDUCATION AND ACTIVITIES FOR PEOPLE WITH DISABILITIES. A TOTAL OF 35 RESIDENTS ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Binaya Basnet CEO | OfficerTrustee | 40 | $167,623 |
Catherine Parmentier Chairperson | OfficerTrustee | 1 | $0 |
Cathleen Lee Clerk | OfficerTrustee | 1 | $0 |
Karen Smith Board Member | Trustee | 1 | $0 |
Arley Hoynoski Board Member | Trustee | 1 | $0 |
Gene Friedlander Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Enterprise Fleet Management Vehicle Fleet Leases | 6/29/24 | $476,633 |
Cil Realty Of Ma Inc Rent | 6/29/24 | $239,445 |
Colebrook Partners South Rent | 6/29/24 | $174,032 |
Jon And Janet Macht Rent | 6/29/24 | $135,756 |
Hillcrest Educational Centers Inc Rent | 6/29/24 | $103,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,187 |
| 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 | $70,187 |
| Total Program Service Revenue | $30,064,962 |
| Investment income | $389,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,641,871 |
| 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. | $322,389 |
| Compensation of current officers, directors, key employees. | $283,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,219,363 |
| Pension plan accruals and contributions | $343,273 |
| Other employee benefits | $1,862,431 |
| Payroll taxes | $1,662,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,260 |
| Advertising and promotion | $10,228 |
| Office expenses | $264,669 |
| Information technology | $235,941 |
| Royalties | $0 |
| Occupancy | $1,652,765 |
| Travel | $793,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,882 |
| Interest | $431,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $443,547 |
| Insurance | $225,852 |
| All other expenses | $0 |
| Total functional expenses | $28,772,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,609,521 |
| Savings and temporary cash investments | $2,705,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,102,562 |
| 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 | $293,168 |
| Net Land, buildings, and equipment | $13,453,932 |
| Investments—publicly traded securities | $6,464,280 |
| Investments—other securities | $1,859,187 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,428,517 |
| Total assets | $31,916,590 |
| Accounts payable and accrued expenses | $1,509,038 |
| Grants payable | $0 |
| Deferred revenue | $115,951 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $310,911 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,815,268 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,102,940 |
| Total liabilities | $12,854,108 |
| Net assets without donor restrictions | $19,062,482 |
| 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 | $31,916,590 |