Notwithstanding § 13-507 of this subtitle, an organization may conduct bingo if:
(1) the membership of the organization consists only of individuals who are at least 60 years old;
(2) the organization was formed primarily for social purposes;
(3) all proceeds of the games of bingo are used only to further the purposes of the organization; and
(4) the organization complies with the permit procedures and conditions imposed under § 13-507 of this subtitle.