2026-08-25T11:25:45-05:00 2025-12-31 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2025-01-01 540647947 VIRGINIA PENINSULA ASSOCIATION OF REALTORS INC VIRG 7575995222 1001 N CAMPUS PARKWAY HAMPTON VA 23666 CINDY ANDERSON INTERIM CEO 7575995222 2026-08-25 1 MELISSA A SIKES P01261580 8042826000 2026-08-25 2025 2025-03-06 01:10:19Z CINDY ANDERSON 1001 N CAMPUS PARKWAY HAMPTON VA 23666 1258148 0 X VPAR.REALTOR X 1968 VA PROVIDE INFORMATION/EDUCATION SERVICES TO MEMBERS AND PROMOTE HIGH PROFESSIONAL STANDARDS. 11 11 3 81 -17204 0 0 0 782119 946034 41627 23789 14824 17413 838570 987236 0 0 0 0 275225 282824 0 0 0 662240 599194 937465 882018 -98895 105218 3267381 3280694 2596805 2502331 670576 778363 TO PROVIDE INFORMATION, EDUCATION AND OTHER SERVICES TO MEMBER REAL ESTATE FIRMS AND INDIVIDUAL REALTORS ON THE VIRGINIA PENINSULA AND SURROUNDING COMMUNITIES. 0 0 PROVIDE VARIOUS MEMBER INFORMATION SERVICES ENHANCE MEMBER PROFESSIONAL STANDARDS PROVIDE HIGH QUALITY TRAINING AND EDUCATION TO REALTORS 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 3 1 1 1 0 0 0 1 1 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 1 0 1 0 0 X THE ORGANIZATION 7575995222 1001 N CAMPUS PARKWAY HAMPTON VA 23666 DAVID MOHAJERIN PRESIDENT 1.00 X X 0 0 0 SHAVONNE MILES PRESIDENT ELECT 1.00 X X 0 0 0 AMANDA WALSH TREASURER 1.00 X X 0 0 0 PEGGY TODD IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 ANDREIANNA BAZEMORE BOARD MEMBER 1.00 X 0 0 0 ROBERT DANN BOARD MEMBER 1.00 X 0 0 0 KEISHA DEERING BOARD MEMBER 1.00 X 0 0 0 CHARLES DUNLAP BOARD MEMBER 1.00 X 0 0 0 STEPHEN FLIPPIN BOARD MEMBER 1.00 X 0 0 0 AMY KEARNEY BOARD MEMBER 1.00 X 0 0 0 PJ PARKER BOARD MEMBER 1.00 X 0 0 0 JAMES WETZEL CEO 40.00 X 101895 0 7994 101895 0 7994 1 0 0 0 0 MEMBERSHIP DUES 900099 439864 439864 INFORMATION SERVICES 900099 227703 227703 OTHER REVENUE 900099 146995 146995 MEMBERSHIP SERVICES 900099 111694 111694 EDUCATION 611710 19778 19778 946034 9737 9737 218498 202022 16476 16476 -17204 33680 80133 66081 14052 14052 14052 3746 2809 937 937 987236 937 -17204 1003503 109889 125488 3504 27026 16917 2871 40522 17708 1977 24509 117054 184823 23374 45829 MEMBERSHIP 67158 REPAIRS AND MAINTENANCE 29523 BANK CHARGES 21492 COMMUNICATIONS 12600 9754 882018 139716 178275 224373 226225 16867 27081 13850 14791 4561415 2112652 2555341 2448763 227750 327173 89484 58386 3267381 3280694 76660 121308 446955 418599 2028159 1926265 45031 36159 2596805 2502331 X 0 0 0 0 670576 778363 670576 778363 3267381 3280694 105218 2569 0 X X 1 X 0 1 0 0 0 0 439864 17708 17708 20768 -3060 326046 326046 3690457 1749593 1940864 332659 152767 179892 199753 197792 1961 12500 12500 0 2448763 ACCRUED PAYROLL AND TAXES 22160 ACCRUED FEES 7415 OPERATING LEASE LIABILITY 6584 36159 X 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 2025 AND 2024, THIS ACTIVITY RESULTED IN A NET LOSS. AT DECEMBER 31, 2025, THE ASSOCIATION HAS NET OPERATING LOSSES OF APPROXIMATELY $585,000 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, 2025 AND 2024. 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. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR.