Despite a financially challenging year, Presbyterian Support Otago has finished the year with a $491,000 surplus.
At the organisation's 106th annual meeting, chairman Frazer Barton said there had been significant uncertainty surrounding future tendering models, particularly affecting home-based services for older people.
However, on the positive side, sales of Presbyterian Support retirement dwellings had picked up and now the Wanaka Retirement Village was almost fully occupied, he said.
Presbyterian Support Otago has also agreed to proceed with redevelopment of the Kirkness wing at Iona Home and Hospital in Oamaru.
The organisation reported turnover of $32 million and a year-end surplus of $491,000, which had been enhanced by bequests of $614,000.
"This gives ample testimony to the importance of our donors and supporters who help us to make a difference," Mr Barton said.
The meeting concluded with guest speaker Dunedin City Council chief executive Paul Orders giving an account of his first year in the job.
He said his mother had told him the job was making his hair go grey, but on the whole it had been a very positive experience to date.
Mr Orders believed Dunedin had huge potential as a city, and he spoke of his hopes for its future.
"As urbanisation develops, smaller, more compact cities will hold more attraction.
"So why can't Dunedin be an antidote to Auckland?" he asked.
