Transcendent Assistance
Nonprofit profile at a glance
- EIN
- 933430692
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025
- Location
- Richmond, TX, USA
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $1,681
- Expenses
- $1,825
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Frerika Varlack (CEO)
People named in this filing
- Frerika Varlack (CEO)
- Michael Dei (Board of Directors Treasurer)
- Stephanie Ehiemere (Board of Directors Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Transcendent Assistance TA propels young adults ages 18-25 from housing instability toward homeownership readiness by creating safe supportive environments and delivering the skills guidance and pathways needed to secure stable housing and long-term economic mobility. Our mission is to break the cycle of poverty by transforming the lives of young adults who are unhoused or at risk of displacement providing safe living environments essential tools for career success and a structured path to homeownership.
What it reported doing in 2025
OWN IT Homeownership Pathway Program Development & Market Research: During the fiscal year Transcendent Assistance progressed the initial phase of OWN IT its unique homeownership initiative targeting young adults aged 18 to 25 experiencing housing instability. This group includes those unhoused aging out of foster care or facing imminent displacement. OWN IT is currently under development and has not yet enrolled participants. All efforts in the fiscal year were dedicated to program design feasibility analysis and market research to ensure a responsible and scalable launch. The program aims to fill a gap in housing and homeownership services in Transcendent Assistances primary service areas of Greater Houston and the Richmond Rosenberg region of Texas. Existing programs in these regions have mainly focused on emergency housing or short-term rental assistance lacking a structured approach to guide vulnerable young adults towards permanent homeownership. OWN IT will provide a structured pathway for participants referred to as Young Achievers to transition from rental housing to ownership. It addresses key barriers faced by low-income young adults in building housing wealth: insufficient income lack of credit history and challenges in accumulating down payment capital. The specific methodology guiding this pathway is proprietary and still in development. The programs core goal is to align housing stability workforce advancement and financial readiness in a tailored model for young adults exiting systems of care or instability. During the fiscal year Transcendent Assistance focused on targeted housing market research and feasibility analysis in its service area. This included evaluating land availability affordability acquisition pathways and development feasibility to pinpoint suitable locations and housing types for transitional rental housing and future homeownership opportunities for OWN IT participants. This research highlighted the significant unmet needs among the target population and the potential success of a development-focused strategy that integrates rental-to-ownership pathways. These initial investments provide the foundation and strategic direction necessary for Transcendent Assistance to move forward with the program launch secure funding and implement OWN IT as an innovative solution to youth homelessness housing instability and generational wealth exclusion. Persons Benefited: Program infrastructure research and development activities directly serve future OWN IT participants Young Achievers upon program launch.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 15
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.9%; rating input score 15
- Program expense ratio: 13.7%; rating input score 14
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -8.6%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -56.5% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -26.3% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 14.9% of revenue deployed · 13.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $250 in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Financial Efficiency: Program expense ratio scored 14/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.