The seniors lifestyle and care provider’s annual general meeting on Thursday revealed IRT is increasing its asset base to $1.03 billion and growing its annual income by 13 per cent.

Chief executive Nieves Murray says the acquisition of The Berala on the Park Care Centre at Auburn, In-Home Care service transformation, and new construction projects are among the key highlights recently.

“2014/15 was a very successful year for IRT Group, with strong growth in assets and income," Ms Murray said.

“We grew our business, improved our services, provided a great place to work and gave back to the community in line with our Towards 2020 strategic plan. We transformed our In-Home Care services to comply with the Government's new Consumer Directed Care model and positioned IRT Group for future innovation and growth in this product.”

Ms Murray said she was especially proud of the fact IRT had built Australia's first community designed for ageing people with intellectual disability and their primary carers.

That is called Kemira at IRT William Beach Gardens in Kanahooka.

IRT Group has also been building new or expanding existing lifestyle and care communities on the Sunshine Coast with IRT Woodlands and IRT The Palms.

In the Illawarra the IRT Tarrawanna project is part of the group’s four-year $200 million capital works program.

“We also commenced planning for two new lifestyle communities at Wollongong and Kanahooka, and a Care Centre of Excellence at Bulli in the Illawarra," Ms Murray said.

“This asset growth was supported by a nine per cent increase in employees, who continue to make us proud with their dedication and capabilities.”

During the 2014/15 financial year IRT Kangara Waters Lifestyle Services manager Tony Striegl was named NSW/ACT Retirement Living Manager of the Year.

IRT recognised seven employees with over 25 years service.

And it won the Employer of Choice Award at the 2014 Australian Business Awards.

“The success of our people is underpinned by our investment in quality facilities, new technology and continuing education,” Ms Murray said.

“In 2014/15 we implemented new technology to improve the management of our electronic Care Centre records and IRT College delivered accredited courses to over 1000 students, many of which were IRT employees."

Ms Murray said IRT Group's continued success enabled the not-for-profit organisation to keep delivering on its commitment to give back $20 million in community dividends by 2020.

“We helped enrich the lives of over 10,000 people last financial year and reinvigorated our benevolence activities through the creation of IRT Foundation," she said.

“The Foundation brought world-renowned ageing expert Dr Alexandre Kalache to Wollongong as part of our new Speaker Series, provided $265,000 in research grants and invested $150,000 in community grants to help make Australia more age-friendly.”

Ms Murray said IRT’s challenge was to continue to innovate and transform the business further to ensure it met the needs and expectations of present and future customers.

The IRT Group Annual Report 2014/15 is being published online at www.irt.org.au.