This chapter shall be construed to regulate all forms of lawful gambling within the city except:
(A) Bingo conducted within a nursing home or a senior citizen housing project or by a senior citizen organization if: the prizes for a single bingo game do not exceed ten dollars ($10); total prizes awarded at a single bingo occasion do not exceed two hundred dollars ($200); no more than two (2) bingo occasions are held by the organization or at the facility each week; only members of the organization or residents of the nursing home or housing project are allowed to play in a bingo game; no compensation is paid for any persons who conduct the bingo; and a manager is appointed to supervise the bingo.
(B) Raffles, if the value of all prizes awarded by the organization in a calendar year does not exceed seven hundred fifty dollars ($750).