Andrei Mikhailovich Nosov (1814-1893), one of the largest benefactors of the Tambov region, who became wealthy through livestock trading, bequeathed his land in the Borisoglebsky district and part of his capital to establish a male monastery. His wish was fulfilled in 1908, when the Borisoglebsky Nosovsky Transfiguration Male Monastery was opened near the village of Tugolukovka in the Borisoglebsky district (now the village of Demyan Bedny in the Zherdevsky district of the Tambov region).

The monastery complex, designed by the Tambov diocesan architect V.N. Freiman, was located on a high bank of the Karachan River. It included a church, three residential buildings (one of which housed the house church of Seraphim) and economic buildings.

The monastery was managed by an abbot and financed through income from the lease of land (870 desyatins) and interest from a capital of 250,000 rubles. By 1918, when the monastery was closed, it housed 11 people.

After the monastery's closure, its buildings were repurposed into a correctional labor institution. In the 1950s, the premises were converted into a cultural center, a gym for the local school, and residential spaces.

Since the mid-1990s, a parish church in honor of St. Seraphim of Sarov has been revived in the preserved building of the former brotherhood corps of the monastery.