Nonprofit · EIN 38-1956049
MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION
Tax-exempt · FARMINGTN HLS, MI 48334
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $15,467,768 | $11,065,743 | $4,402,025 | $17,654,453 | $14,287,344 | $3,367,109 |
| December 31, 2024 | 990 | $13,447,771 | $10,883,167 | $2,564,604 | $19,780,351 | $14,463,374 | $5,316,977 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,803,334
- Investment income
- $661,199
- Net gain from sales of assets
- $150,725
- Other revenue
- $3,235
Expenses
- Grants and similar amounts paid
- $2,868
- Compensation of officers, directors and key employees
- $8,100
- Other salaries and wages
- $2,143,030
- Salaries, compensation and benefits (total)
- $2,365,406
- Professional fundraising fees
- $0
- Legal fees
- $16,882
- Accounting fees
- $232,068
- Occupancy
- $299,412
- Travel
- $30,506
- Depreciation
- $72,891
- Program services (functional)
- $11,065,743
Balance sheet and other
- Total assets, start of year
- $19,780,351
- Total assets, end of year
- $17,654,453
- Total liabilities, end of year
- $14,287,344
- Net assets, end of year
- $3,367,109
- Land, buildings and equipment
- $77,054
- Publicly traded securities
- $14,046,791
- Gross receipts
- $23,750,682
- Employees
- 24
- Volunteers
- 0
- Year formed
- 1968
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Muddasar Tawakkul | Board of Governors Trustee or director | 0.5 | $2,400 |
| David Field | Board of Governors Trustee or director | 0.5 | $1,500 |
| Steve Rock | Board of Governors Trustee or director | 0.5 | $1,500 |
| Solon Phillips | Board of Governors Trustee or director | 0.5 | $1,350 |
| Leroy Bostic | Board of Governors Trustee or director | 0.5 | $1,050 |
| Michael C Levine | Board of Governors Trustee or director | 0.5 | $300 |
| Janie Hathaway | Board of Governors Trustee or director | 0.5 | $0 |
| Randy McKee | Board of Governors Trustee or director | 0.5 | $0 |
| Travis Emmons | Board of Governors Trustee or director | 0.5 | $0 |
| Erin Fowle | Board of Governors Trustee or director | 0.5 | $0 |
| Nathan Powell | Board of Governors Trustee or director | 0.5 | $0 |
| Linda Maar | Board of Governors Trustee or director | 0.5 | $0 |
| Kacey Diede | Board of Governors Trustee or director | 0.5 | $0 |
| Eugene Hawkins III | Board of Governors Trustee or director | 0.5 | $0 |
| Michael Wykes | Board of Governors Trustee or director | 0.5 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Timothy Dillahunt | Board of Governors Trustee or director | 0.5 | $0 |
| Matthew Hillborg | Board of Governors Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Muddasar Tawakkul | Board of Governors Trustee or director | 0.5 | $2,400 |
| Leroy Bostic | Board of Governors Trustee or director | 0.5 | $1,650 |
| Solon Phillips | Board of Governors Trustee or director | 0.5 | $1,500 |
| David Field | Board of Governors Trustee or director | 0.5 | $1,350 |
| Steve Rock | Board of Governors Trustee or director | 0.5 | $1,050 |
| Michael C Levine | Board of Governors Trustee or director | 0.5 | $600 |
| Eugene Hawkins III | Board of Governors Trustee or director | 0.5 | $150 |
| Janie Hathaway | Board of Governors Trustee or director | 0.5 | $0 |
| Randy McKee | Board of Governors Trustee or director | 0.5 | $0 |
| Christopher Cleveland | Board of Governors Trustee or director | 0.5 | $0 |
| Erin Fowle | Board of Governors Trustee or director | 0.5 | $0 |
| Nathan Powell | Board of Governors Trustee or director | 0.5 | $0 |
| Linda Maar | Board of Governors Trustee or director | 0.5 | $0 |
| Kacey Diede | Board of Governors Trustee or director | 0.5 | $0 |
| Michael Wykes | Board of Governors Trustee or director | 0.5 | $0 |
| Timothy Dillahunt | Board of Governors Trustee or director | 0.5 | $0 |
| Matthew Hillborg | Board of Governors Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 27555 FARMINGTON RD STE 315, FARMINGTN HLS, MI 48334-3843
- In care of
- % MICHELLE MOORADIAN
- Principal officer (990 for 2025)
- Michelle Mooradian, 27555 Farmington Road, Suite 315, Farmington Hills, MI 48334
- Signed the 990
- Rachael Yoes, Finance & Administrative Svcs. Mgr.
- Phone
- (313) 877-7400
- Website
- www.mbpia.com
Mission
The mission of Michigan Basic Property Insurance Association is to provide prompt courteous and efficient service to our customers; be aware of the responsibility we have to our member companies and policyholders to utilize resources effectively; provide a work environment that recognizes creativity and promotes teamwork; and be sensitive to the needs of the community.
Program accomplishments
- The issuance of basic property insurance and home property insurance policies is the sole business related activity of the association. Generally the policies are issued for high-risk insurers. Member property insurance companies participate collectively through their mandatory membership in the association. Assessments paid to the association by member companies are covered through adjustments to the rates for the voluntary market.Expenses $11,065,743 · grants $2,868 · revenue $14,803,334
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1956049
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $17,654,453
- Income (IRS master file)
- $23,750,682
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $15,467,768 | $11,065,743 | $17,654,453 | XML |
| 990 | December 2024 | $13,447,771 | $10,883,167 | $19,780,351 | IRS |
| 990 | December 2023 | $11,845,327 | $11,173,758 | $15,762,775 | IRS |
| 990 | December 2022 | $12,632,616 | $10,898,573 | $16,573,320 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1956049).
Questions about MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION
- What is the EIN of MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION?
- The employer identification number (EIN) of MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION is 38-1956049.
- Is MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1970.
- Are donations to MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2025 names Michelle Mooradian.
- Who are the officers and directors of MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 6 received compensation from the organization, the highest $2,400 (Muddasar Tawakkul, Board of Governors).
- How much revenue does MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $15,467,768, expenses of $11,065,743 and total assets of $17,654,453 at year end.
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