Yolanda Gonzalez was charged with stealing hundreds of thousands of dollars from the not-for-profit Nos Quedamos.
Gonzalez is the daughter of the late founder of the organization, which translates to "We Stay." An investigation revealed she drained the group's bank accounts and put several relatives on the payroll.
The investigation is the second by Attorney General Eric Schneiderman to result in the head of a charity in recent weeks.
William Rapfogel, the now-former CEO of the Metropolitan Council on Jewish Poverty and a close friend of Assembly Speaker Sheldon Silver, was charged in a $5 million, two-decade kickback scheme.