Waingākau Housing Development Limited — Social Services Charity in Hastings
Waingākau Housing Development Limited is a Trust charity in the Social Services sector, based in Hastings, Hastings. CharityData rates this charity C- (58/100). Annual revenue: $58.0M NZD. Financial data as at June 2023.
Mission: The Company has been established to support the charitable purposes of the Te Taiwhenua O Heretaunga Trust as set out in the Trust Deed. To do this, the Company's specific charitable purposes are: (a) To relieve poverty by developing pathways to affordable housing options through the provision of social rental housing to full home ownership; and (b) To benefit the wider community by providing a housing village for whanau with a range of affordable housing options and incidental facilities.
- Registration Number
- CC58007
- Charity Type
- Trust
- Registration Date
- 2020-05-15
- Status
- Active
- CharityData Rating
- C- (58/100)
- Sector
- Social Services
- Location
- Hastings, Hastings
- info@waingakau.co.nz
- Data as at
- June 2023
Financial Summary
- Total Revenue
- $58.0M NZD
- Total Expenses
- $49.8M NZD
- Total Assets
- $51.9M NZD
- Net Assets
- $34.7M NZD
- Reserve Months
- 8.3 months of operating expenses
- Volunteers
- 0
- Financial Year End
- 2023-06-30
Financial History
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2023 | $58.0M | $49.8M | $34.7M |
| 2022 | $51.6M | $0.0M | $6.2M |
| 2021 | $36.9M | $0.0M | $2.0M |
CharityData Rating
- Overall Grade
- C-
- Overall Score
- 58/100
- Financial Score
- 70
- Governance Score
- 50
- Transparency Score
- 50
Funding Sources
- Public Donations — $1,714,349 (individual)
Service Providers
- PwC
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Social ServicesTrust
Waingākau Housing Development Limited
CC58007Hastings, HastingsRegistered 15 May 2020
Data updated: Yesterday
Financials30 Jun 2023Rating4w ago
Financial data as at June 2023. Sourced from Charities Services register.
C-
58/100
Financial
70
Governance
50
Transparency
50
Revenue
$58.0M
Expenses
$49.8M
Assets
$51.9M
Financial data from Charities Services annual return (FY2023). Ratings calculated using CharityData v3.0 methodology.
About
Mission
The Company has been established to support the charitable purposes of the Te Taiwhenua O Heretaunga Trust as set out in the Trust Deed. To do this, the Company's specific charitable purposes are: (a) To relieve poverty by developing pathways to affordable housing options through the provision of social rental housing to full home ownership; and (b) To benefit the wider community by providing a housing village for whanau with a range of affordable housing options and incidental facilities.
Key Statistics
Annual Revenue
$58.0M
Total Expenses
$49.8M
Net Assets
$34.7M
Staff
0
employees
Volunteers
0
Financial Trends
Financial Trends (3 Years)
Revenue Breakdown
Expense Breakdown
API DataBased on annual return data. Detailed program/admin breakdown not available.
Financial Health Dashboard
Cents to the Cause
100c
For every $1 spent, 100c reaches programs
Strong
Sustainability
2mo
Could operate 2 months with zero revenue
Critical
Fundraising Cost
-
No fundraising data
No data
Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology
Revenue Diversification
7
Score /100
Highly Concentrated
HHI: 9,322
High Concentration: 97% of revenue from Other
Other96.5%
Donations3.0%
Investment Income0.5%
HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.
Peer Comparison
Ranked against 500 peers · Social Services (all sizes)
Rating Score
58
Revenue
$58.0M
Reserve Months
8.3
Surplus
$8.1M
Staff Cost %
0%
Top Peers in Group
Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.
Rating History
C-
2023
Score: 58.0
Financial: 70 | Governance: 50 | Transparency: 50
CurrentC-
2024
Score: 56.0
Financial: 65 | Governance: 50 | Transparency: 50
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Claim This ProfileContact Details
Address
Hastings, Hastings
Registration
Registration NumberCC58007
Entity TypeTrust
Registered15 May 2020
StatusRegistered
Sector & Activities
Primary Sector
Social ServicesData sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice. Last updated: 16 April 2026.
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