This chapter does not prohibit a religious organization, association or society or any nonprofit institution or organization operated, supervised or controlled by or in conjunction with a religious organization, association or society from:

    A.    Limiting the sale, rental or occupancy of dwellings that it owns or operates for other than a commercial purpose to persons of the same religion; or

    B.    Giving preference to persons of the same religion, unless membership in such religion is restricted because of race, color or national origin. (Ord. 92-45 (part), 1992; prior code § 12-3.5-2-2)