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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 3, PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>VRMA IS A PROFESSIONAL ORGANIZATION EXEMPT FROM TAXATION UNDER SECTION 501 (C)(6) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM DISTRICT OF COLUMBIA INCOME TAXES. HOWEVER, SHOULD THE ASSOCIATION EVER HAVE INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO ITS TAX-EXEMPT PURPOSE, THAT INCOME WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ASSOCIATION'S POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO ITS TAX POSITIONS IN INCOME TAX EXPENSE. VRMA HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015.</ExplanationTxt>
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        <TypeOfActivitiesConductedTxt>PROGRAM SERVICE</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>CONFERENCE</SpecificServicesProvidedTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION IS MANAGED BY A PROFESSIONAL ASSOCIATION MANAGEMENT COMPANY WHO SERVES AT THE DIRECTION OF THE BOARD OF DIRECTORS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>CLASSES OF MEMBERSHIP- THE ASSOCIATION SHALL HAVE MEMBERS (EACH, A MEMBER AND COLLECTIVELY, THE MEMBERS). THE MEMBERS SHALL BE DIVIDED INTO THE FOLLOWING FOUR CLASSES OF MEMBERSHIP: MANAGER MEMBERS- MANAGER MEMBERS SHALL CONSIST OF INDIVIDUALS, SOLE PROPRIETORS, CORPORATIONS, PARTNERSHIPS, ASSOCIATIONS, AND OTHER ENTITIES THAT: (A) ARE REGULARLY ENGAGED IN THE VACATION RENTAL MANAGEMENT BUSINESS AS DEFINED BY THE BOARD OF DIRECTORS, WHOSE DEFINITION MAY BE AMENDED FROM TIME TO TIME BY THE BOARD OF DIRECTORS; (B) HAVE BEEN APPROVED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS; AND (C) HAVE PAID THE REQUIRED MEMBERSHIP DUES AND OTHER ASSESSMENTS AS ESTABLISHED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. VENDOR/SUPPLIER MEMBERS- VENDOR/SUPPLIER MEMBERS SHALL CONSIST OF SOLE PROPRIETORS, CORPORATIONS, PARTNERSHIPS OR OTHER ENTITIES THAT: (A) SELL OR PROVIDE A PRODUCT AND/OR SERVICE TO THOSE REGULARLY ENGAGED IN THE MANAGEMENT OF VACATION RENTAL PROPERTIES, (B) BUT ARE NOT THEMSELVES REGULARLY ENGAGED IN PROFESSIONAL VACATION RENTAL MANAGEMENT AS DEFINED BY THE BOARD OF DIRECTORS; (C) HAVE BEEN APPROVED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS; AND (D) HAVE PAID THE REQUIRED MEMBERSHIP DUES AND OTHER ASSESSMENTS AS ESTABLISHED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. ASSOCIATE MEMBERS- ASSOCIATE MEMBERS SHALL CONSIST OF SOLE PROPRIETORS, CORPORATIONS, PARTNERSHIPS OR OTHER ENTITIES THAT: (A) PROVIDES A SERVICE FOR AT LEAST TWO VACATION RENTAL UNITS ON BEHALF OF A THIRD PARTY OWNER, (B) ARE NOT ENGAGED IN ALL ASPECTS OF PROFESSIONAL VACATION RENTAL MANAGEMENT AS DEFINED BY THE BOARD OF DIRECTORS, AND (C) WOULD NOT QUALIFY AS A SUPPLIER MEMBER AS DEFINED BY THE BOARD OF DIRECTORS; (D) HAVE BEEN APPROVED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS; AND (E) HAVE PAID THE REQUIRED MEMBERSHIP DUES AND OTHER ASSESSMENTS AS ESTABLISHED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. START-UP MEMBERS- START-UP MEMBERS SHALL CONSIST OF INDIVIDUALS, SOLE PROPRIETORS, CORPORATIONS, PARTNERSHIPS OR OTHER ENTITIES THAT: (A) ARE IN THE GROWTH STAGE OF PROFESSIONAL VACATION RENTAL MANAGEMENT BUSINESS, BUT (B) DO NOT FULLY QUALIFY AS PROFESSIONAL VACATION RENTAL MANAGEMENT AS DEFINED BY THE BOARD OF DIRECTORS; (C) HAVE BEEN APPROVED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS; AND (D) HAVE PAID THE REQUIRED MEMBERSHIP DUES AND OTHER ASSESSMENTS AS ESTABLISHED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. WITH THE EXPECTATION THAT THE MEMBERS' BUSINESS WILL DEVELOP IN THE COURSE OF THE INTRODUCTORY YEAR, THIS STATUS IS NOT ELIGIBLE FOR RENEWAL.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>EFFECTIVE IN 2015, THE ASSOCIATION'S BOARD ELECTION PROCESS IS NOW DONE VIA AN ELECTRONIC VOTE OF ITS MEMBERS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>EFFECTIVE IN 2015, THE ASSOCIATION'S BOARD ELECTION PROCESS IS NOW DONE VIA AN ELECTRONIC VOTE OF ITS MEMBERS.</ExplanationTxt>
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        <ExplanationTxt>THE 990 IS REVIEWED BY THE PRESIDENT OF THE ASSOCIATION.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>EACH BOARD MEMBER COMPLETES A FORM ANNUALLY DISCLOSING ANY KNOWN CONFLICTS. IN ADDITION, THE BOARD MEMBERS ARE ASKED IF THEY HAVE ANY CONFLICTS WITH AGENDA ITEMS AT THE BEGINNING OF EACH BOARD MEETING.</ExplanationTxt>
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        <ExplanationTxt>DOCUMENTS MADE AVAILABLE UPON REQUEST.</ExplanationTxt>
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