Guildnet Inc

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 12/2022, Guildnet Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (57.0%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (50.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Proskauer Rose Llp
Legal
$204,619
Weiss Zarett Brofman Sonnenklar L
Legal
$1,982,232
Nixon Peabodyllp
Legal
$2,198,794
Jacobowitz Newman Tverskyllp
Legal
$198,377
View All Vendors

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$1,120,178
Investment income $366
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 $1,123,453

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