Step 1

Preheat the oven to 350 degrees F (175 degrees C). Grease a 2-quart baking dish.

Step 2

Mix sweetened condensed milk, evaporated milk, milk, vanilla extract, and cinnamon together in a large bowl. Add bread cubes and stir until well incorporated. Let sit for 5 minutes so bread will absorb some of the liquid. Add walnuts and raisins and stir to combine.

Step 3

Pour mixture into the prepared baking dish. Dot with Neufchatel cheese, pressing down.

Step 4

Bake in the preheated oven until a toothpick inserted into the center comes out clean, 30 to 35 minutes. Let cool 10 minutes before serving.