Public Charity

VIRGINIA PROPERTY INSURANCE ASSN

VIRGINIA PROPERTY INSURANCE ASSN, of GLEN ALLEN, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $22.3M in revenue, $12.0M in expenses, $38.2M in total assets.

EIN: 237097511 GLEN ALLEN, VA Latest filing: 2025

Total Revenue$22.3M

Total Expenses$12.0M

Total Assets$38.2M

Grant Records0

Filing Years2021–2025

Mission

The Virginia Property Insurance Association (VPIA or "the Association") was established by the Virginia State Corporation Commission for the purpose of Administering a program of equitable distribution and placement of basic property insurance in compliance with the urban property protection and reinsurance act of 1968. The program became effective on July 26, 1968, as the Virginia Insurance Placement Facility and was reorganized as VPIA October 1, 1973. VPIA issues policies on behalf of its members who bear the direct risk on a pro-rata basis. VPIA is responsible for the collection of premiums, payment of commissions, losses and loss adjustment expenses, and also general administrative expenses. Assessments are made on participating companies for funds as they are needed.

Where $100 goes at Virginia Property Insurance Assn

How Virginia Property Insurance Assn divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$85 Programs the work itself

$15 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $85 for programs

$85

All program spending

Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Board Member Mr Chad Harvel

Vice Chairman Mr Conleth Kennedy

Chairman Mr David Bonenfant Cpcu Chfc Clu

Agent Board Member Mr Eddie Redfearn

Public Board Member Mr James Stacia

Board Member Mr Karl Eckhardt

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2025	$22.3M	$12.0M	$38.2M
2024	$18.1M	$19.2M	$30.4M
2023	$15.1M	$14.7M	$27.8M
2022	$14.5M	$13.7M	$26.2M
2021	$15.5M	$16.0M	$35.9M

Between 2021 and 2025, reported annual revenue grew from $15.5M to $22.3M (+44%), with total assets most recently reported at $38.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for VIRGINIA PROPERTY INSURANCE ASSN

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