March 01, 2018
Waipareira well set for growth
There was good news and no great drama at Te Whanau O Waipareira Trust's annual meeting yesterday, as the west Auckland urban Maori service provider chalked up another successful year.
The only change on the board was the departure of Clint Richards, who has relocated out of the area.
Chair Ray Hall says in his six years the former policeman turned barrister bought stability and level-headedness during a real growth period for the trust.
West Auckland community law advocate Tom Harris was selected unopposed, and Mr Hall and long serving trustee Moyna Grace were reelected.
Mr Hall says Waipareira is in a great position to grow over the next five to 10 years.
Over the past year it entered into a construction contract with Housing NZ to develop social housing.
It also purchased and refitted a building in Catherine Street, Henderson, which will become a west Auckland technology hub.
In the year to Jue 30, 2017 Waipareira declared a suplus of $6 million on total revenue of $37.8 million, compared with a $1.4 million surplus and $23.7 million in revenue in 2016.
Its equity now stands at $34.6 million and it had $8 million in cash at the end of the year.
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