In a heavy saucepan over medium-low heat, cook and stir sugar until melted and golden, about 15 minutes.
Quickly pour melted sugar into an ungreased 2-quart round baking or souffle dish, tilting to evenly coat the bottom; let stand for 10 minutes.
In a mixing bowl, beat the cream cheese until smooth.
Add the eggs, one at a time, beating well after each addition.
Add remaining ingredients; mix well.
Pour over caramelized sugar.
Place dish into a larger baking pan. Pour water into the larger pan to a depth of 1-inch.
Bake at 350-degree F for 50-60 minutes unto the center is just set (mixture will giggle).
Remove dish from larger pan to a wire rack; cool for one hour.
Refrigerate overnight.
To serve, run a knife around the edges and invert onto a large rimmed serving platter.
Cut into wedges or spoon onto dessert dishes, spoon sauce over each serving.