Civic Intelligence

Virginia Peninsula Association of Realtors Inc

EIN 54-0647947 • 501(c)6 • Hampton, VA

Profile

To provide information, education and other services to member real estate firms and individual realtors on the virginia peninsula and surrounding communities.

1001 N Campus ParkwayHampton, VA 23666

vpar.realtor

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.79x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

3.10x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

12th percentile

-12%

Higher net margin than 12% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

20th percentile

-4.9%

Faster asset growth than 20% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-10%

Faster revenue growth than 12% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,267,381

Down $169,322 (-4.9%) from 2023

Liabilities

Down

$2,596,805

Down $59,933 (-2.3%) from 2023

Net Assets

Down

$670,576

Down $109,389 (-14%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin12th percentile

Revenue

Down

$838,570

Down $95,056 (-10%) from 2023

Expenses

Down

$937,465

Down $38,921 (-4.0%) from 2023

Net Income

Down

-$98,895

Down $56,135 (-131%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $4,949,050Liabilities 2010: $3,452,677Net Assets 2010: $1,496,3732010Assets 2011: $4,744,092Liabilities 2011: $3,433,052Net Assets 2011: $1,311,0402011Assets 2012: $4,599,123Liabilities 2012: $3,398,236Net Assets 2012: $1,200,8872012Assets 2013: $4,438,523Liabilities 2013: $3,330,623Net Assets 2013: $1,107,9002013Assets 2014: $4,253,712Liabilities 2014: $3,395,176Net Assets 2014: $858,5362014Assets 2015: $4,210,326Liabilities 2015: $3,376,262Net Assets 2015: $834,0642015Assets 2016: $4,139,943Liabilities 2016: $3,310,981Net Assets 2016: $828,9622016Assets 2017: $3,992,811Liabilities 2017: $3,074,812Net Assets 2017: $917,9992017Assets 2018: $3,900,639Liabilities 2018: $3,012,909Net Assets 2018: $887,7302018Assets 2019: $3,862,030Liabilities 2019: $3,017,327Net Assets 2019: $844,7032019Assets 2020: $3,698,128Liabilities 2020: $2,879,123Net Assets 2020: $819,0052020Assets 2021: $3,755,603Liabilities 2021: $2,868,205Net Assets 2021: $887,3982021Assets 2022: $3,596,452Liabilities 2022: $2,787,241Net Assets 2022: $809,2112022Assets 2023: $3,436,703Liabilities 2023: $2,656,738Net Assets 2023: $779,9652023Assets 2024: $3,267,381Liabilities 2024: $2,596,805Net Assets 2024: $670,5762024

Highlighted filing

2024

Assets$3,267,381
Liabilities$2,596,805
Net Assets$670,576
Open 2024 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $865,0612010Expenses 2011: $850,1672011Expenses 2012: $741,3312012Revenue 2013: $584,829Expenses 2013: $727,279Net Income 2013: -$142,4502013Revenue 2014: $783,074Expenses 2014: $816,781Net Income 2014: -$33,7072014Revenue 2015: $814,184Expenses 2015: $812,159Net Income 2015: $2,0252015Revenue 2016: $798,421Expenses 2016: $816,746Net Income 2016: -$18,3252016Revenue 2017: $917,148Expenses 2017: $843,040Net Income 2017: $74,1082017Revenue 2018: $846,304Expenses 2018: $852,033Net Income 2018: -$5,7292018Revenue 2019: $777,060Expenses 2019: $849,375Net Income 2019: -$72,3152019Revenue 2020: $821,483Expenses 2020: $851,329Net Income 2020: -$29,8462020Revenue 2021: $823,482Expenses 2021: $785,239Net Income 2021: $38,2432021Revenue 2022: $936,218Expenses 2022: $968,983Net Income 2022: -$32,7652022Revenue 2023: $933,626Expenses 2023: $976,386Net Income 2023: -$42,7602023Revenue 2024: $838,570Expenses 2024: $937,465Net Income 2024: -$98,8952024

Highlighted filing

2024

Revenue$838,570
Expenses$937,465
Net Income-$98,895
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,267,381
Liabilities
$2,596,805
Net assets
$670,576
Revenue
$838,570
Expenses
$937,465
Net income
-$98,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$2.60$0.67$0.84$0.94$0.10
2023Detailed filing. Detailed filing data is available for this year.$3.44$2.66$0.78$0.93$0.98$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.60$2.79$0.81$0.94$0.97$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.76$2.87$0.89$0.82$0.79$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.70$2.88$0.82$0.82$0.85$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.86$3.02$0.84$0.78$0.85$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.90$3.01$0.89$0.85$0.85$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.99$3.07$0.92$0.92$0.84$0.07
2016Detailed filing. Detailed filing data is available for this year.$4.14$3.31$0.83$0.80$0.82$0.02
2015Detailed filing. Detailed filing data is available for this year.$4.21$3.38$0.83$0.81$0.81$0.00
2014Detailed filing. Detailed filing data is available for this year.$4.25$3.40$0.86$0.78$0.82$0.03
2013Detailed filing. Detailed filing data is available for this year.$4.44$3.33$1.11$0.58$0.73$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$3.40$1.20$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.74$3.43$1.31$0.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$3.45$1.50$0.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 5, 2025
Return Version
2024v5.2
Gross Receipts
$1,178,211
Mission and Program Overview

Mission

To provide information, education and other services to member real estate firms and individual realtors on the virginia peninsula and surrounding communities.

Provide information/education services to members and promote high professional standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,665,956$2,555,341▼ $110,615
Rtn Earn Endowment Incm Other Fnds$779,965$670,576▼ $109,389
Investments in Publicly Traded Securities$300,934$227,750▼ $73,184
Savings and Temporary Cash Investments$223,016$224,373▲ $1,357
Cash and Non-Interest-Bearing Accounts$148,710$139,716▼ $8,994
Accounts Receivable$22,351$16,867▼ $5,484
Inventories for Sale or Use$14,291$13,850▼ $441
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,436,703$3,267,381▼ $169,322
Other Assets Total$61,445$89,484▲ $28,039
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,123,166$2,028,159▼ $95,007
Deferred Revenue$446,977$446,955▼ $22
Accounts Payable and Accrued Expenses$40,348$76,660▲ $36,312
Other Liabilities$46,247$45,031▼ $1,216
Total Liabilities$2,656,738$2,596,805▼ $59,933
Net Assets / Fund Balance
Total Net Assets Fund Balance$779,965$670,576▼ $109,389
Total Liabilities and Net Assets / Fund Balance$3,436,703$3,267,381▼ $169,322

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,033,481$1,656,976$3,690,457
Leasehold Improvements$191,418$141,241$332,659
Land$326,046-$326,046
Equipment$3,563$196,190$199,753
Other Land Buildings$833$11,667$12,500
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
James WetzelCEOFT$96,988$7,924$104,912

Board Members and Trustees

NameTitle
Teresa ClineImmediate Past President
Peggy ToddPresident
David MohajerinPresident Elect
Amanda WalshBoard Member
Charles DunlapBoard Member
Keisha DeeringBoard Member
Kimberly WoodBoard Member
Pj Parker JrBoard Member
Sally SheardBoard Member
Shavonne MilesBoard Member
Al PatelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$782,119
Investment Income
$41,627
Other Revenue
$14,824
Change in Net Assets
$-98,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$662,240
Salaries, Compensation, and Employee Benefits$275,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$191,774
Information Technology---$141,395
Other Salaries and Wages---$125,591
Current Officers, Directors, Trustees, and Key Employees---$104,912
Depreciation Depletion---$47,564
Fees for Services Lobbying---$42,500
Fees for Services Accounting---$40,628
Travel---$24,999
Office Expenses---$24,876
Other Employee Benefits---$24,427
Other Expenses---$19,646
Payroll Taxes---$16,800
All Other Expenses---$6,009
Pension Plan Contributions---$3,495
Fees for Services Legal---$3,172
Fees for Service Investment Mgmnt Fees---$2,938
Total Functional Expenses$0$0$0$937,465
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$42,500
Total Nondeductible Lobbying and Political Cost$42,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Taxes$23,762
Operating Lease Liability$13,069
Accrued Fees$8,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All new members must apply for membership and pay a fee each year to maintain membership. Vpar has realtors and real estate agencies from the virginia peninsula and surrounding communities as members.”

Form 990, Part VI, Section A, Line 7A

“All members may elect board of directors on an annual basis using an online election software.”

Form 990, Part VI, Section A, Line 7B

“Vpar is a membership organization and, while the board of directors is authorized to manage the affairs of the organization, certain decisions of the board require full membership approval (e.g. - amendment of the articles of incorporation or by-laws).”

Form 990, Part VI, Section B, Line 11B

“Vpar's form 990 is reviewed by the chief executive officer and the board treasurer and a copy provided to every member of the board before it is signed and filed.”

Form 990, Part VI, Section B, Line 15A

“Vpar's board of directors establish the salary of the chief executive officer based on salary data of other organizations like vpar across the country. The chief executive officer establishes all other salaries within the parameters of the annual budget approved by the board.”

Form 990, Part VI, Section C, Line 19

“Vpar makes their governing documents, conflicts of interest policy and financial statements available to all members and, upon request and establishing a reasonable need, to anyone else who may request them.”

Filing and Contact Details

Filer

Filer Name
Virginia Peninsula Association of
EIN
54-0647947
Phone
7575995222
Address
1001 N CAMPUS PARKWAY, HAMPTON, VA 23666

Signing Officer

Name
James M Wetzel
Title
Chief Executive Officer
Phone
7575995222
Signed
2025-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Wetzel
Formed
1968
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
95

Preparer

Firm
Brown Edwards & Company Llp
Address
4951 LAKE BROOK DRIVE SUITE 375, GLEN ALLEN, VA 23060
Preparer
Melissa a Sikes
Phone
8042826000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There have been no changes from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The association is a not-for-profit organization that is generally exempt from income taxes under section 501(c)(6) of the internal revenue code. Such tax status was granted by the internal revenue service effective august 1, 1997. In 2007, the association began renting out a portion of its building, which is debt-financed. Income from debt-financed assets is considered unrelated business taxable income by the internal revenue service. However, for 2024 and 2023, this activity resulted in a net loss. At december 31, 2024, the association has net operating losses of approximately $568,000 to offset future debt-financed income. The association has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2024 and 2023.”

Raw XML AppendixShowing 400 of 435 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/GrossReceiptsAmt01178211
IRS990/GrossRentsGrp/RealAmt0221780
IRS990/GrossSalesOfInventoryAmt03115
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0141395
IRS990/InventoriesForSaleOrUseGrp/BOYAmt014291
IRS990/InventoriesForSaleOrUseGrp/EOYAmt013850
IRS990/InvestmentIncomeGrp/ExclusionAmt010314
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010314
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0300934
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0227750
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02006074
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02665956
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02555341
IRS990/LandBldgEquipCostOrOtherBssAmt04561415
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0129570
IRS990/LessRentalExpensesGrp/RealAmt0207734
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE INFORMATION, EDUCATION AND OTHER SERVICES TO MEMBER REAL ESTATE FIRMS AND INDIVIDUAL REALTORS ON THE VIRGINIA PENINSULA AND SURROUNDING COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02123166
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02028159
IRS990/NetAssetsOrFundBalancesBOYAmt0779965
IRS990/NetAssetsOrFundBalancesEOYAmt0670576
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt031313
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031313
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0778
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0778
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt034242
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt014046
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-20196
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-10494
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt0191774
IRS990/OfficeExpensesGrp/TotalAmt024876
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt061445
IRS990/OtherAssetsTotalGrp/EOYAmt089484
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024427
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/TotalAmt058924
IRS990/OtherExpensesGrp/TotalAmt132615
IRS990/OtherExpensesGrp/TotalAmt225200
IRS990/OtherExpensesGrp/TotalAmt319646
IRS990/OtherLiabilitiesGrp/BOYAmt046247
IRS990/OtherLiabilitiesGrp/EOYAmt045031
IRS990/OtherSalariesAndWagesGrp/TotalAmt0125591
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt016800
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt03495
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES M WETZEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1INFORMATION SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4EDUCATION
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0451308
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1214900
IRS990/ProgramServiceRevenueGrp/ExclusionAmt290725
IRS990/ProgramServiceRevenueGrp/ExclusionAmt314150
IRS990/ProgramServiceRevenueGrp/ExclusionAmt411036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0451308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1214900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt290725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt411036
IRS990/ProgSrvcAccomActy2Grp/Desc0ENHANCE MEMBER PROFESSIONAL STANDARDS
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE HIGH QUALITY TRAINING AND EDUCATION TO REALTORS
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010100
IRS990/PYOtherExpensesAmt0710773
IRS990/PYOtherRevenueAmt0-9590
IRS990/PYProgramServiceRevenueAmt0933116
IRS990/PYRevenuesLessExpensesAmt0-42760
IRS990/PYSalariesCompEmpBnftPaidAmt0265613
IRS990/PYTotalExpensesAmt0976386
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0933626
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-98895
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt014046
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0779965
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0670576
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0223016
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0224373
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AggregateReportedDuesNtcAmt046786
IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/DuesAssessmentsAmt0451308
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt042500
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt042500
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-4286
IRS990ScheduleD/BuildingsGrp/BookValueAmt02033481
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01656976
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03690457
IRS990ScheduleD/EquipmentGrp/BookValueAmt03563
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0196190
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0199753
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0326046
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0326046
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0191418
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0141241
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0332659
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0833
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPERATING LEASE LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. SUCH TAX STATUS WAS GRANTED BY THE INTERNAL REVENUE SERVICE EFFECTIVE AUGUST 1, 1997. IN 2007, THE ASSOCIATION BEGAN RENTING OUT A PORTION OF ITS BUILDING, WHICH IS DEBT-FINANCED. INCOME FROM DEBT-FINANCED ASSETS IS CONSIDERED UNRELATED BUSINESS TAXABLE INCOME BY THE INTERNAL REVENUE SERVICE. HOWEVER, FOR 2024 AND 2023, THIS ACTIVITY RESULTED IN A NET LOSS. AT DECEMBER 31, 2024, THE ASSOCIATION HAS NET OPERATING LOSSES OF APPROXIMATELY $568,000 TO OFFSET FUTURE DEBT-FINANCED INCOME. THE ASSOCIATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02555341
IRS990ScheduleD/TotalLiabilityAmt045031
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL NEW MEMBERS MUST APPLY FOR MEMBERSHIP AND PAY A FEE EACH YEAR TO MAINTAIN MEMBERSHIP. VPAR HAS REALTORS AND REAL ESTATE AGENCIES FROM THE VIRGINIA PENINSULA AND SURROUNDING COMMUNITIES AS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS MAY ELECT BOARD OF DIRECTORS ON AN ANNUAL BASIS USING AN ONLINE ELECTION SOFTWARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VPAR IS A MEMBERSHIP ORGANIZATION AND, WHILE THE BOARD OF DIRECTORS IS AUTHORIZED TO MANAGE THE AFFAIRS OF THE ORGANIZATION, CERTAIN DECISIONS OF THE BOARD REQUIRE FULL MEMBERSHIP APPROVAL (E.G. - AMENDMENT OF THE ARTICLES OF INCORPORATION OR BY-LAWS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VPAR'S FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE BOARD TREASURER AND A COPY PROVIDED TO EVERY MEMBER OF THE BOARD BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VPAR'S BOARD OF DIRECTORS ESTABLISH THE SALARY OF THE CHIEF EXECUTIVE OFFICER BASED ON SALARY DATA OF OTHER ORGANIZATIONS LIKE VPAR ACROSS THE COUNTRY. THE CHIEF EXECUTIVE OFFICER ESTABLISHES ALL OTHER SALARIES WITHIN THE PARAMETERS OF THE ANNUAL BUDGET APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5VPAR MAKES THEIR GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO ALL MEMBERS AND, UPON REQUEST AND ESTABLISHING A REASONABLE NEED, TO ANYONE ELSE WHO MAY REQUEST THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03436703
IRS990/TotalAssetsEOYAmt03267381
IRS990/TotalAssetsGrp/BOYAmt03436703
IRS990/TotalAssetsGrp/EOYAmt03267381
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0937465
IRS990/TotalGrossUBIAmt0-20196
IRS990/TotalLiabilitiesBOYAmt02656738
IRS990/TotalLiabilitiesEOYAmt02596805
IRS990/TotalLiabilitiesGrp/BOYAmt02656738
IRS990/TotalLiabilitiesGrp/EOYAmt02596805
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0779965
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0670576
IRS990/TotalOtherCompensationAmt07924
IRS990/TotalProgramServiceRevenueAmt0782119
IRS990/TotalReportableCompFromOrgAmt096988
IRS990/TotalRevenueGrp/ExclusionAmt0857988
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0778
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0838570
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-20196
IRS990/TotalVolunteersCnt095
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03436703
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03267381
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt024999
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01001 N CAMPUS PARKWAY
IRS990/USAddress/CityNm0HAMPTON
IRS990/USAddress/StateAbbreviationCd0VA

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