2025-11-11T14:33:59+00:00 2024-12-31 135381590 BDO USA 200 PARK AVE 38TH FLOOR NEW YORK NY 10166 990 2024-01-01 133936057 GUILDNET INC GUIL 2127696200 250 WEST 64TH STREET NEW YORK NY 10023 THOMAS PANEK PRESIDENT & CEO 2127696200 2025-11-11 true TARA COOKE P01281186 2128858000 2025-11-10 2024 2025-03-06 01:10:19Z THOMAS PANEK 250 WEST 64TH STREET NEW YORK NY 10023 671553 false X WWW. LIGHTHOUSEGUILD.ORG X 1999 NY MANAGED LONG-TERM CARE HEALTH PLANS; SEE PART III FOR MORE INFORMATION 8 7 0 8 0 0 0 0 0 134194 412783 11876 8820 146070 421603 0 0 0 0 0 0 0 0 0 6201232 6305252 6201232 6305252 -6055162 -5883649 7935821 8143407 120169043 126263441 -112233222 -118120034 GUILDNET OFFERED MANAGED LONG-TERM HEALTH (MLTC) PLAN, FULLY INSURED DUAL ADVANTAGE (FIDA) PLAN AND MEDICAID ADVANTAGE PLUS (MAP) PLAN. THESE PLANS DISCONTINUED THE SERVICES FROM ALL SERVICE AREA AND IT IS IN THE PROCESS OF WINDING-DOWN. false false 0 0 0 DURING 2018, GUILDNET REQUESTED AND RECEIVED 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. GUILDNET IS IN THE WIND-DOWN PROCESS AND THE CORPORATION WILL REMAIN OPEN UNTIL THE WINDING-DOWN IS COMPLETED. 0 true false false true false false false false false false false false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 1 0 true 0 false false false false false false false false false false false false X 8 7 false false false false true true true true true false false false true true true true true false false false false false NY X LAUREN DOODY 9173869297 250 WEST 64TH STREET NEW YORK NY 10023 CALVIN W ROBERTS MD PRESIDENT & CEO 0.1 49.9 X X 0 1276448 28980 ERIC MAIDENBERG SECRETARY 0.1 0.9 X X 0 0 0 JAMES M DUBIN CHAIRMAN 0.1 4.9 X X 0 0 0 LAWRENCE E GOLDSCHMIDT VICE CHAIR & TREASURER 0.1 4.9 X X 0 0 0 MARIOS DAMIANIDES ASSISTANT TREASURER 0.1 1.9 X X 0 0 0 PAULINE RAIFF IMMEDIATE PAST CHAIR 0.1 0.9 X X 0 0 0 RONALD G WEINER DEPUTY CHAIR (THRU 12/09/2024) 0.1 0.9 X X 0 0 0 THOMAS G KAHN DIRECTOR 0.1 0.9 X 0 0 0 THOMAS S T GIMBEL DIRECTOR 0.1 0.9 X 0 0 0 LAUREN DOODY CHIEF FINANCIAL OFFICER 0.1 39.9 X 0 288119 35250 NICOLE R HART GC & CHIEF COMPLIANCE OFFICER 0.1 20.9 X 0 215655 70762 PAUL D MISITI CHIEF OPERATING OFFICER 0.1 39.9 X 0 529509 25194 0 2309731 160186 0 false true false PROSKAUER ROSE LLP 11 TIMES SQUARE NEW YORK NY 10036 LEGAL 180385 1 0 0 0 0 0 0 412733 0 0 412733 0 0 250000 249950 50 0 50 50 0 MISCELLANEOUS REVENUE 900099 5486 0 0 5486 CUSTODY FEE 900099 3334 0 0 3334 0 0 0 0 8820 421603 0 0 421603 0 0 204818 0 204818 0 35000 0 35000 0 0 0 0 0 7540 0 7540 0 25 0 25 0 6057869 0 6057869 0 0 0 0 0 6305252 0 6305252 0 196649 244616 7738807 7898426 0 0 0 0 365 365 0 0 0 0 0 0 0 7935821 8143407 71404 69790 0 120097639 126193651 120169043 126263441 X -112233222 -118120034 -112233222 -118120034 7935821 8143407 -5883649 -3164 1 0 X false true true false X 0 23305 7693770 1120178 0 0 8837253 0 0 0 23305 7693770 1120178 0 0 8837253 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8837253 41357 3005 366 134194 412733 591655 0 41357 3005 366 134194 412733 591655 0 12381 4746 2909 11876 8820 40732 77043 7701521 1123453 146070 421553 9469640 0.93322 0.9397 0.06 0.0558 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - MEDICAL RECORDS, COLUMN A - 12381.0, COLUMN B - 4746.0, COLUMN C - 2909.0, COLUMN D - 11876.0, COLUMN E - 5486.0, COLUMN F - 37398.0; DESCRIPTION - CUSTODY FEE, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 3334.0, COLUMN F - 3334.0; X 0 0 0 5700 0 5700 6305252 59884621 6305252 59890321 465263 1000000 116316 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 0 0 5700 5700 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Federal Income Taxes DUE TO THIRD PARTY PAYORS 15791737 DUE TO AFFILIATES 39516316 SUBORDINATED SURPLUS NOTE PAYABLE 47089000 SUBORDINATED SURPLUS NOTE INTEREST PAYABLE 23796598 126193651 X 418439 -3164 0 -3164 421603 0 0 421603 6305252 0 0 6305252 0 0 6305252 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote GUILDNET ADOPTED THE PROVISIONS OF ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON GUILDNET'S STATUTORY BASIS FINANCIAL STATEMENTS. GUILDNET DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. GUILDNET HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, GUILDNET HAS FILED IRS FORM 990 TAX RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHEN IT IS REQUIRED. FOR THE YEAR ENDED DECEMBER 31, 2024, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATUTORY BASIS STATEMENT OF OPERATIONS AND CHANGES IN CAPITAL AND DEFICIT. GUILDNET IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES. false false false false false false false true false CALVIN W ROBERTS MD PRESIDENT & CEO 0 1099840 0 175000 0 1608 0 24151 0 4829 0 1305428 0 0 LAUREN DOODY CHIEF FINANCIAL OFFICER 0 247465 0 40000 0 654 0 20450 0 14800 0 323369 0 0 NICOLE R HART GC & CHIEF COMPLIANCE OFFICER 0 215433 0 0 0 222 0 16753 0 54009 0 286417 0 0 PAUL D MISITI CHIEF OPERATING OFFICER 0 397750 0 60000 0 71759 0 24151 0 1043 0 554703 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. COMPENSATION IS PAID BY A COMMON PAYMASTER, LGI SERVICES, LLC (EIN #46-4232802), WHICH IS A DISREGARDED ENTITY OF THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, A RELATED 501(C)(3) ORGANIZATION. AS A COMMON PAYMASTER, A PORTION OF COMPENSATION HAS BEEN ALLOCATED TO THE LIGHTHOUSE GUILD INTERNATIONAL, INC. AND OTHER AFFILIATES (INCLUDING LIGHTHOUSE GUILD INTERNATIONAL, INC., THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, LIGHTHOUSE INTERNATIONAL, JGB REHABILITATION CORPORATION, GUILDNET, INC., AND JGB MENTAL HEALTH AND MENTAL RETARDATION SERVICES, INC.) AND REPORTED AS COMPENSATION OF THE REPORTING ORGANIZATION IN PART VII OF FORM 990, COLUMN (D) AND (F). Schedule J, Part I, Line 7 Non-fixed payments THE FOLLOWING EMPLOYEES LISTED ON PART VII, SECTION A, LINE 1A RECEIVED THE BELOW DISCRETIONARY BONUS PAYMENTS BASED ON PERFORMANCE WITH RESPECT TO LIGHTHOUSE GUILD INTERNATIONAL AND RELATED ORGANIZATIONS. THESE AMOUNTS ARE REPORTED ON PART II, COLUMN (B)(II): DR. CALVIN W. ROBERTS: LIGHTHOUSE GUILD INTERNATIONAL, INC. $143,500 THE JEWISH GUILD FOR THE BLIND $5,250 JGB REHABILITATION CORPORATION $22,750 JGB MENTAL HEALTH&MENTAL RETARDATION SERVICES, INC. $3,500 TOTAL BONUS PAYMENT $175,000 PAUL D. MISITI: LIGHTHOUSE GUILD INTERNATIONAL, INC. $51,000 JGB REHABILITATION CORPORATION $9,000 TOTAL BONUS PAYMENT $60,000 LAUREN DOODY: LIGHTHOUSE GUILD INTERNATIONAL, INC. $23,200 THE JEWISH GUILD FOR THE BLIND $3,200 JGB REHABILITATION CORPORATION $10,400 JGB MENTAL HEALTH&MENTAL RETARDATION SERVICES, INC. $3,200 TOTAL BONUS PAYMENT $40,000 Schedule J, Part II, Column (B)(iii) COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III), OTHER REPORTABLE COMPENSATION INCLUDES COST OF GROUP-TERM LIFE INSURANCE AND HOUSING ALLOWANCES. THE FOLLOWING OFFICER'S OTHER REPORTABLE COMPENSATION INCLUDES THE FOLLOWING: - PAUL D. MISITI: HOUSING ALLOWANCE OF $70,753 Form 990, Part VI, Line 15a LINE 15B THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. COMPENSATION IS PAID BY LGI SERVICES, LLC (EIN #46-4232802), A DISREGARDED ENTITY OF THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, A RELATED 501(C)(3) ORGANIZATION. AS A COMMON PAYMASTER, A PORTION OF COMPENSATION HAS BEEN ALLOCATED TO THE LIGHTHOUSE GUILD INTERNATIONAL AND OTHER AFFILIATES AND REPORTED AS COMPENSATION OF THE REPORTING ORGANIZATION IN PART VII OF FORM 990, COLUMN (D) AND (F). THE LIGHTHOUSE GUILD INTERNATIONAL, INC. COMPENSATION COMMITTEE MEETS ANNUALLY TO REVIEW AND APPROVE ALL OFFICERS AND KEY EMPLOYEES SALARIES. THE CEO AND COO SIGNED FIVE-YEAR EMPLOYMENT CONTRACTS EFFECTIVE APRIL 1, 2020. AN INDEPENDENT CONSULTING FIRM WAS HIRED TO PERFORM A COMPENSATION STUDY AND SURVEY FOR ALL LGI OFFICERS AND KEY EMPLOYEES. THE DELIBERATION AND DECISION WERE CONTEMPORANEOUSLY DOCUMENTED. Form 990, Part VI, Line 6 Classes of members or stockholders THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE (GUILD) IS THE SOLE MEMBER OF GUILDNET, INC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE SOLE MEMBER ELECTS THE BOARD MEMBERS OF GUILDNET, INC. ON AN ANNUAL BASIS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ONLY THE MEMBER MAY ADOPT, AMEND, MODIFY, RESTATE OR REPEAL A BY-LAW. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY OUTSIDE TAX EXPERTS AND REVIEWED BY THE FINANCE DEPARTMENT AND THE CFO BEFORE DISTRIBUTING TO THE FULL BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, DIRECTORS AND EMPLOYEES OF THE ORGANIZATION. A DISCLOSURE QUESTIONNAIRE CONCERNING FINANCIAL INTERESTS AND ANY OTHER POTENTIAL CONFLICTS OF INTEREST AND RELATED ISSUES IS COMPLETED BY EACH DIRECTOR, OFFICER AND EMPLOYEE ON AN ANNUAL BASIS. NOTWITHSTANDING SUBMISSION OF THE APPLICABLE QUESTIONNAIRE, EACH DIRECTOR, OFFICER OR EMPLOYEE HAS A CONTINUING DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST PROMPTLY UPON COMING INTO POSSESSION OF ANY INFORMATION CONCERNING A POTENTIAL CONFLICT OF INTEREST OR ANY CHANGES IN THE INFORMATION REQUESTED IN THE QUESTIONNAIRE. ANY POTENTIAL CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE AUDIT COMMITTEE OF THE BOARD, OR, WHEN THE MATTER IS THEN UNDER CONSIDERATION BY THE BOARD OR THE EXECUTIVE COMMITTEE, TO THE BOARD OR EXECUTIVE COMMITTEE, RESPECTIVELY. NEITHER THE AUDIT OR EXECUTIVE COMMITTEE, NOR THE BOARD SHALL GENERALLY APPROVE ANY TRANSACTION GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST. HOWEVER, IN EXCEPTIONAL CIRCUMSTANCES, THE AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE OR THE BOARD MAY DETERMINE THAT BASED ON A CONSIDERATION OF PRICE, QUALITY, EXPERTISE AND OTHER RELEVANT FACTORS, THERE IS NO TRANSACTION THAT IS AVAILABLE OR FEASIBLE AS AN ALTERNATIVE TO THE PROPOSED TRANSACTION AND SUCH TRANSACTION IS FAIR AND REASONABLE AND IN THE ORGANIZATION'S BEST INTEREST. UNDER SUCH CIRCUMSTANCES, THE AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE, OR BOARD MAY APPROVE SUCH TRANSACTION (SUBJECT, IN THE CASE OF THE AUDIT COMMITTEE, TO THE APPROVAL OF THE EXECUTIVE COMMITTEE OR THE BOARD). SUCH CONSIDERATION AND ACTION SHALL BE CONTEMPORANEOUSLY RECORDED AND SHALL BE REFLECTED IN THE APPROPRIATE MEETING MINUTES. A DIRECTOR, OFFICER, OR EMPLOYEE WITH A POTENTIAL CONFLICT OF INTEREST SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR, SEEK TO INFLUENCE, PARTICIPATE IN, OR BE PRESENT DURING ANY DELIBERATIONS OR VOTE OF THE AUDIT COMMITTEE, EXECUTIVE COMMITTEE OR THE BOARD REGARDING THE TRANSACTION OR POTENTIAL TRANSACTION GIVING RISE TO THE POTENTIAL CONFLICT OF INTEREST. NEITHER THE AUDIT COMMITTEE, EXECUTIVE COMMITTEE NOR THE BOARD SHALL APPROVE ANY TRANSACTION GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST BY LESS THAN A MAJORITY VOTE OF COMMITTEE (OR BOARD) MEMBERS PRESENTS AT THE MEETING. THE DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST AND THE RESOLUTION OF SUCH POTENTIAL CONFLICT OF INTEREST SHALL BE RECORDED IN THE MINUTES OF THE MEETING OF THE AUDIT COMMITTEE, OR THE EXECUTIVE COMMITTEE OR BOARD AT WHICH THE MATTER WAS PRESENTED OR DISCUSSED. Form 990, Part VI, Line 19 Required documents available to the public UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. Form 990, Part IX, Line 7 LINE 8, LINE 9 AND LINE 10 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. COMPENSATION IS PAID BY LGI SERVICES, LLC (EIN #46-4232802), A DISREGARDED ENTITY OF THE JEWISH GUILD FOR THE BLIND D/B/A JEWISH GUILD HEALTHCARE, A RELATED 501(C)(3) ORGANIZATION. AS A COMMON PAYMASTER, A PORTION OF COMPENSATION HAS BEEN ALLOCATED TO THE REPORTING ORGANIZATION AND REPORTED ON LINES 7-10 OF PART IX FOR COMPENSATION EXPENSES. JGB REHABILITATION CORPORATION 250 WEST 64TH STREET NEW YORK NY 10023 133439035 CLINIC NY 501(c)(3) 10 JGB false JEWISH GUILD FOR THE BLIND 250 WEST 64TH STREET NEW YORK NY 10023 131623854 VISION HEALTH NY 501(c)(3) 7 LGII false JGB MENTAL HEALTH AND MENTAL RETARDATION 250 WEST 64TH STREET NEW YORK NY 10023 201480790 MENTAL HEALTH NY 501(c)(3) 10 JGB false LIGHTHOUSE INTERNATIONAL 250 WEST 64TH STREET NEW YORK NY 10023 131096620 VISION HEALTH NY 501(c)(3) 7 LGII false LIGHTHOUSE GUILD INTERNATIONAL INC 250 WEST 64TH STREET NEW YORK NY 10023 464215298 VISION HEALTH NY 501(c)(3) 7 NA false false false false false false false false false false false false false false false false false false false false GUILDNET INC 250 WEST 64TH STREET NEW YORK NY 10023 133936057 X 0 0 0 6305252 6305252 465263 116316 0 0 0 THE JEWISH GUILD FOR THE BLIND 250 WEST 64TH STREET WEST TH STREET N NY 10023 131623854 X 0 0 0 5752384 5752384 437619 109405 0 0 0 JGB REHABILITATION CORPORATION 250 WEST 64TH STREET NEW YORK NY 10023 133439035 X 0 0 0 15710479 15710479 935524 233881 0 0 0 LIGHTHOUSE INTERNATIONAL 250 WEST 64TH STREET NEW YORK NY 10023 131096620 0 0 0 694782 694782 129217 32304 0 0 0 JGB MNTAL HLTH & MNTAL RETARDATION SVCS 250 WEST 64TH STREET NEW YORK NY 10023 201480790 0 0 0 1886742 1886742 244337 61084 0 0 0 LIGHTHOUSE GUILD INTERNATIONAL 250 WEST 64TH STREET NEW YORK NY 10023 464215298 X 0 5700 5700 29534982 29540682 1000000 250000 0 0 0